If you follow me at all for sure you have heard me mention my goto stock scanner Trade Ideas. It is amazing software and when they have their test drives you can use the software for $8.99 for up to 10 trading days now.

In reality not everyone has the capital to spend $100+ for software when they are still learning. Of course having the right tools can help you to make those profits.

I usually think if I have recovered the cost of a tool I use, then it is a worth while tool in my toolbox. Just like a trade what is the return on the investment for that scanner or charting software.

Which brings me to my top 3 favorite free stock Scanners. They all have a basic free version and then a paid service should you choose to upgrade.

• Finviz.com
• MarketChameleon.com
• StockFetcher.com

Finviz Stock Screener Review

Finviz is a great tool for the newbie trader there are alot of Free attributes that are very helpful. Below is a photo of the Home Page. You can see there are two different lists of stocks the left with stocks that have moved up and then the right are the stocks that moved down. There is also a heatmap for the movement of the market.

Below the Indexes charts you also see the advancing versus declining stocks in the market , New Highs and New Lows, Bear versus bull.

You can also use their screener (below) to create your own list and you can see that they have a number of options in the free version

You can see in the chart below that you can be a user of Finviz in two ways as free and then more attributes come available at a $26.95/mo charge.

The best part about the paid service to me is if you want real time prices and custom charting. They unfortunately don’t have level 2, but you can see it all unfold in a real time fashion with ability to customize the layout and scanners more to your liking.

All in all, I like Finviz more for post market scanning of stocks as there is no issue with price delays, because the market it closed. A downside to the free version is that there is no premarket data. So that brings me to MarketChameleon.

Market Chameleon Screener Review

To be honest when I am up and need to do my watchlist between the hours of 4-7am, this is my go to resource. I love the fact that the data is available earlier than Trade Ideas.

Also Market Chameleon was developed by professional floor traders to make their life easier in searching for unsual activity to profit. This is my second favorite Scanner.

You can see in the photo above that Market Chameleon offers screening on more than just stocks they have Stocks, Options by Expiration, Options by Blocks and ETFs.

That is just part of the software you can access for free. You can look at specifically premarket activity, post market activity, Market Movers, 52 week hi/lo, usual stock volume and more.

What I like about the pricing for Market Chameleon is that it is somewhat ala carte. If you want just stocks ok , Or if you want just option details you got it. or the whole package.

The final Stock Screener to add to my free list is Stock Fetcher.

Stockfetcher Screener Review

Stockfetcher I find as the most techy stock scanner out there. Trade Ideas allows you to simple check boxes to create a scan while StockFetcher somewhat forces you to write the filters out for each step.

Once you have a scanner that you like you can save it and run it over and over each day. It is easy to create you scanner as they have 125 different indicators to customize your alert.

Stockfetcher is also available as an Apple app.

The bare bones Stock Fetcher is also priced as a scanner with less bells and whistles. However for the price you definitely get a great value. $9 a month for being able to scan gap stocks on higher than normal value is a great tool.

I’m not sure as to what time the data becomes available for the premarket scanning as I usually use Market Chameleon before 7 am and after 7 am Trade Ideas

Choose your Stock Screener based on Profits

Being a trader you need to find tools that you trust and will generate income for you. Make sure that if you test out a new tool there is a profitable return on your investment.

As a trader you are a bit of an entrepreneur and you need to make sure all expenses are warranted and will provide you positive returns. So definitely compare what is out there and when someone has a free trial or something that is less than $10 ( the cost of 2 Starbucks )

I love hearing feedback, so please share. You can also contact me on my social media accounts Twitter (@ItsAirplaneJane), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane) or YouTube

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room. You can receive 5% off with Promo code CARPEPROFIT15 all caps when you sign up here for your first year or month

Trade Ideas will be offering the quarterly full access test drive of their software their software in Nov 2019 for the cost of data fees $9. 

Another amazing software is Trendspider that has a new innovative rain drop candlestick that shows the volume for the morning session and afternoon session as far as the weight of it in price action. You can try them for free for 7 days here and receive 20% off with MTS20

My book is available at Amazon FMJ Trust Transition Trade: How Successful Traders Said It, Did It, and Lived It . As well as  Barnes and Noble, Indigo, Chapters,and more.

For my charts I use Tradingview which offer free charting and paid services.

Also Stocks To Trade that has a 2 week $7 trial

This blog is for informational and educational purposes. I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any security or fund.