Best Free Desktop Application for Market analysis Buying-Selling for Trader-Trade Racer Desktop app.
Best Free Desktop Application for Market analysis Buying-Selling for Trader-Trade Racer Desktop app.
For traders seeking free desktop applications for market analysis and trading, several robust platforms are available:
MetaTrader 4 (MT4)
A widely-used platform offering advanced charting tools, technical analysis, and automated trading through Expert Advisors. Its user-friendly interface and extensive community support make it ideal for both beginners and experienced traders.
Wealth-Lab
This platform provides a comprehensive environment for backtesting trading strategies using historical data. It supports C# and its proprietary scripting language, WealthScript, allowing for the development of custom indicators and strategies.
Statmetrics
A free, cross-platform application offering tools for econometric analysis, technical analysis, risk management, and portfolio management. It’s suitable for traders interested in quantitative finance and econometric methods.
Robinhood Legend
A new desktop trading platform aimed at active traders, offering advanced features like customizable layouts, technical indicators, and the ability to display multiple charts simultaneously. It caters to traders who prefer larger screens and advanced functionalities.
Money.Net
A cloud-based platform providing real-time streaming financial market information, including prices, breaking financial news, technical analysis charts, and trade idea generation tools. It’s accessible as a desktop application and via mobile devices.
Each of these platforms offers unique features tailored to different trading styles and preferences. It’s advisable to explore them to determine which aligns best with your specific trading needs.
Here’s a quick and helpful breakdown of one of the best free desktop applications for traders in India—Trade Racer by ICICI Direct—used widely for market analysis, charting, and placing buy-sell orders.
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Best Free Desktop App for Market Analysis & Trading
Name: Trade Racer (by ICICI Direct)
Type: Desktop-based trading platform
Cost: Free with an ICICI Direct trading account
Purpose: Advanced market tracking, charting, and live trading
Key Features of Trade Racer
1. Live Market Analysis
- Real-time streaming of stock prices across NSE/BSE.
- Market watch with customizable layouts.
- Sector and index tracking tools.
2. Advanced Charting Tools
- Multiple chart types: Candlestick, Heikin Ashi, Line, OHLC, etc.
- 80+ technical indicators (MACD, RSI, Bollinger Bands, etc.).
- Drawing tools for trendlines, channels, Fibonacci levels.
3. Heat Maps & Analytics
- Visual heat maps to quickly spot gainers/losers.
- Stock screeners with filters for volume, momentum, breakouts.
4. Buy/Sell Window
- Fast order placement directly from charts.
- Bracket order and cover order support.
- Option chain for derivatives traders.
5. Alerts & Watchlists
- Set price and technical alerts.
- Real-time notification when a stock hits your criteria.
How to Download and Use Trade Racer
- Visit:
- Log in using your ICICI Direct credentials.
- Go to “Trade Racer” under the “Trading Tools” section.
- Download and install the desktop version.
- Launch the app and log in with your trading account.
Why Trade Racer is Great for Traders
| Feature | Benefit |
|---|---|
| Real-time data | Quick decision-making |
| Customizable dashboard | Personalized trading experience |
| Advanced technical tools | Ideal for intraday and swing traders |
| Integrated orders | Trade without switching windows |
| ICICI backend | Secure and backed by a trusted Indian broker |
Who Should Use It?
- Intraday traders who need speed and accuracy.
- Swing traders looking for technical chart setups.
- Beginner to mid-level investors with ICICI accounts.
Alternatives (if you don’t have an ICICI account)
| App | Broker | Desktop Version | Free? |
|---|---|---|---|
| Zerodha Kite | Zerodha | Web-based only | |
| Upstox Pro | Upstox | Web/Desktop | |
| Angel One SpeedPro | Angel One | Desktop available | |
| FYERS One | FYERS | Desktop version | |
Would you like a step-by-step visual setup guide or tutorial for Trade Racer or another platform? I can make that for you too!
