fundsoft's metastock buyer's guide

8/14/2019 FundSoft's MetaStock Buyer's Guide

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Brought to you byFundSoft Information Systems

www.FundSoft.com | www.MetaStock.ca

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Dear Trading Enthusiast,

Thank you for stopping by www.MetaStock.ca and requesting a FREE copy of our MetaStock “Buyer’sGuide” that we call The 7 Vital Questions You Must Ask Before You Purchase Technical-Analysis Software .

You are reading this guide for one of many reasons, which likely include the following:

• You are new to trading and want to start out on the right foot by using a well known chartingsoftware tool.

• You have been trading for a while, but have had little or no success . You have decided toseek out charting software tool that will help you make more profitable trades.

• You are a seasoned trader using another piece of software. For whatever reason you do not likeyour current software and are looking for a change.

• You are tired of leaving your financial security in your broker’s hands and want (at the veryleast) to track the trades they have made on your behalf.

• You are highly competitive and take pleasure in beating the Dow. You are looking for theright charting software tool to give you the upper hand in determining your trades.

To help you achieve your goals (whatever they might be) consider asking yourself these 7 questions when determining which version of MetaStock® is right for you:

MetaStock End-of-Day MetaStock Professional MetaStock Pro FX

1. What kind of trader are you?

2. What experience do you have with the markets?

3. What charting software features are important to you?

4. How complex do you need the charting software to be?

5. How important is software training to you?

6. What amount have you budgeted for to purchase the software?

7. Where will you get your market data feed?

(Let’s break these questions out further … on the following pages►)





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We have found that asking the right questions early on in the process will save you a lot of time and effort down the road by ensuring that you choose the right software in the first place.

Quick Tip: You can upgrade MetaStock at a later date if you decide to move from oneversion to another without any worries. So don’t be afraid to try the MetaStock End-of-Day version now knowing that you can upgrade to the MetaStock Professional version later.

Now let’s take those questions from the first page and flesh them out a bit:

1. What kind of trader are you?

MetaStock Professional is perfect if you:

• Don’t have a typical “day job” (or you are a non-professional day trader) andabsolutely need to see what is happening throughout the trading day with real-time or 15-minute delayed data.

• Are a “Swing Trader” and need to see things on an hourly, daily, weekly and/or monthly

basis• Enjoy the excitement and drama of being more of an “active trader” than a “buy-and-

hold investor”

MetaStock Pro FX is perfect if you:

• Are only interested in trading currencies in the FOREX market.

MetaStock End-of-Day is perfect if you:

• Have a “day job” and do your analysis after the markets have closed• Are new to trading and would like to slowly get into the stock market• Are a "Buy and Hold" long-term position investor and you are less interested in what

has happened hour by hour throughout the day• Are more of an “investor” than a “trader”

2. What experience do you have with the markets?

Do you consider yourself a:

Technician who prefers to analyze the stock charts to make your “buy” or “sell” decisions

or a …

Fundamentalist who prefers to analyze a company’s financials (such as sales, earnings,

debt, management and growth potential) to make your “buy” or “sell” decisions?

MetaStock is first and foremost a technical analysis tool and if you are a technician then you aregoing to fall in love with this program. Stock charts is what it does best!

If you are an active market fundamentalist then you might consider having a look at Quote Center ®. It provides both a real-time data feed and comprehensive market news from Reuterswith over 700 data fields to pour over including: trailing 12-month cash flow, accrued interest,annual dividend and previous year’s earnings.

For more information go to: www.QuoteCenter.ca





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Do you trade online or call your broker to place a trade?

→ MetaStock allows you to link to your online broker’s website within the program so youcan quickly and easily initiate your trades.

Do you understand the power of computers and enjoy using them, or do you just get by?

→ MetaStock is easy to use, but if you do find you are having a problem simply contactEquis® Technical Support by phone, fax or email and they will be happy to assist you.

→ On Demand Online Training is available by going to the following website:

www.MetaStock.ca/Resources/MetaStock-Videos.aspx

Quick Tip: Do you trade from an office or do you travel and work with a laptop?

→ MetaStock allows you to install the software on two computers (such as your desktopand your laptop) so long as you only use one at a time.

3. What charting software features are important to you?

• Charts are a visual interpretation of a security and we each have our own preferences asto how the charts are shown. You can view charts in any of the nine charting styles thatare included with MetaStock . You can choose from Candlesticks, Line, Bars,Candlevolume, Point & Figure, Kagi, Renko 3 Line Break and Equivolume

You can also create yourown lines studies & addcomments directly on thechart.

The following line studies are available:

• Trend lines• Fibonacci lines• Gann lines• Regression channels• Tirone levels• And many more …





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4. How complex do you need the charting software to be?

•••• MetaStock is as simple or as complex as you need it to be! You can:

i. Look at chartsii. Run daily scans to find new stock picks

iii. Run detailed back tests to test your trading ideas on one or more securities

For example – MetaStock’s “Explorer®” can quickly scan throughmultiple securities to help you find which security has just generated a“buy” or “sell” signal based on the MACD expert.

Quick Tip:

One of your biggestchallenges is findingwhich securities towatch.

MetaStock’s Explorer saves you time byquickly scanning throughyour universe ofsecurities and finding theopportunities that match your criteria!





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iv. Use over 200 built in indicators and experts to determine when to buy or sell

Quick Tip: For a complete list of the indicators included in MetaStock pleasego to the following website:

www.Metastock.ca/end-of-day/indicators.aspx

If the indicator that you are interested in does not appear on the list, then consider:1. Building your own indicator (more info on the next page) …

2. Looking at purchasing one of the many add-ons or 3rd

party plug-ins that are availablefor MetaStock …

3. Visiting the Custom Formula section of Equis’ website where users have posted theirown formulas …

The Expert Advisor allows you to"consult" a built-in trading expert for

advice on what to do in your

particular situation.





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v. Build your own indicators and formulas using MetaStock’s custom programminglanguage

Quick Tip: For more information on MetaStock’s custom programminglanguage please go to:

www.Metastock.ca/Resources.aspx

Download the FREE MetaStock Formula Primer [PDF] as it will explain the MetaStock FormulaLanguage and how it works.

5. How important is software training to you?

One of the nice things about purchasing MetaStock is that you are never alone and left to “fendfor yourself” once your purchase has been made.

In fact, opportunities abound when it comes to getting answers to any questions you might haveabout MetaStock or trading in general!

These opportunities include:

→ On Demand software training available 24 hours a day, 7 days a week on our website:

www.Metastock.ca/Resources.aspx

→ Live Webinars & Seminars put on by Equis International (the developer of MetaStock).For details go to the website:

www.Equis.com/Events/

→ Assistance from Equis’ Technical Support . For details go to the website:

www.Equis.com/Customer/

→ Getting Help From Your Peers via the Equis Forum or MetaStock User Groups

Forum.Equis.com

www.Equis.com/Customer/Resources/Usergroups/

www.Equis.com/Customer/Resources/Onlineusergroup/

(Note: Equis holds weekly online user groupmeetings to discuss current trading topics.)





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6. What amount have you budgeted to purchase the software?

Another important thing to consider is how much you want to spend on the software. If you havedone any research you’ll already know that the cost of this type of software ranges anywherefrom $500 to over $5,000 (market data feed not included).

MetaStock is priced (if you wanted to purchase the software outright) as follows:

MetaStock End-of-Day $449 USD Buy Now

MetaStock Professional for Quote Center $1,395 USD Buy Now

MetaStock Professional for eSignal $1,495 USD Buy Now

MetaStock Pro FX $1,095 USD Buy Now

Note that the software is identical and is configured to only work with this particular data feed

It is also worth pointing out that you can subscribe/lease MetaStock instead of buying it outright!

The subscription version will be of interest to those people who:

→ Would prefer to pay for the software over time (rather than upfront) …

→ Know that they can cancel their subscription at any time (i.e. there are no contracts tosign) …

→ Know that when a new release of the software comes out they will automatically get a copy without having to pay more for it …

The monthly fees for the subscription versions are as follows:

MetaStock End-of-Day $34 USD/month Sign-Up Now

MetaStock Professional for Quote Center $100 USD/month Sign-Up Now

MetaStock Pro FX $80 USD/month Sign-Up Now

If you click the above Sign-Up Now links, you will be taken to a sign-up page that will let you try thesubscription version FREE for 30 days including market data!

These monthly fees will be charged in addition to your monthly data fee so your total monthlycharge would be:

MetaStock End-of-Day (with Reuters Data Link) $59 USD per month Sign-Up Now

MetaStock Professional for Quote Center $235 USD per month Sign-Up Now

MetaStock Pro FX $179 USD per month Sign-Up Now

Real-time data may have additional exchanges fees (visit here for a list of fees)

Remember, if you have an older version of MetaStock , you can easily upgrade to the latestversion (10.1).

Also, if you want to start off with MetaStock End-of-Day, upgrading to any of the Professionalversions is easy to do!

Pricing for the upgrades and crossgrades can be found at this website:

www.Metastock.ca/SearchResult.aspx?CategoryID=5





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7. Where will you get your market data feed?

The final thing you need to think about when purchasing your technical analysis software is yourmarket data source. After all, you can’t do your analysis without market data!

Some people who call us ask us what we think about the free data services. We usually tellthem to consider the following:

→ There are no free lunches; you get what you pay for …→ What about support or guarantees on how accurate the data is?→ Updating the data may require manual importing so MetaStock can read the data. What

you might save in money you waste in time and accuracy …→ Manipulating the data manually also means you yourself might create an error in the data

that you might not catch …→ Why risk making a mistake that could cause you to lose some of your hard earned

money on free data that could very well have errors in it?

It is certainly your call though -- it is your money!

If making your buy/sell decisions are based on quality , and dependable data is important to you,

then here is who we recommend you consider for your market data needs:

Software Data Service MonthlyCost

More Information

MetaStock End-of-Day $24.95 USD www.ReutersDataLink.ca

MetaStock Pro forQuote Center

$135.00 USD www.QuoteCenter.ca

MetaStock Pro foreSignal

$125.00 USD www.eSignal.com

MetaStock Pro FX $99.00 USD www.QuoteCenter.ca

If you are interested in considering the major differences betweenQuote Center and eSignal data, pleasego to: www.QuoteCenter.ca/eSignal.htm

It is worth pointing out that this monthly data fee is by “data group ” and these “data groups” are typicallydivided by geographical areas (i.e. North American, Asian & European markets). To see how each data package isorganized please go to the following websites:

→ Reuters Data Link www.ReutersDataLink.ca/data_and_exchanges.htm → Quote Center www.QuoteCenter.ca/data_and_exchanges.htm

→ eSignal www.eSignal.com/esignal/pricing/default.asp





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In Summary, Here Are Your Options:

End-of-Day Professional forQuote Center

Professional foreSignal

Pro FX

Target GroupFor beginner, less

active traders and buy-and-hold investors

For active traders andthose interested in livenews and market data

For active tradersinterested in real-time

trading

For those who areinterested in trading the

Forex market only

Option 1 – Purchase Software Outright

Software Cost $449 USD $1,395 USD $1,495 USD $1,095 USD

Guarantee ** 30-Day Money Back Guarantee **

Data SourceReuters Data Link

$24.95 USD / monthQuote Center

$135 USD / montheSignal

$125 USD / monthQuote Center

$99 USD / Month

Option 2 – Subscription Version

Cost(includes data)

$59 USD / Month $235 USD / Month Not available $179 USD /month

Contract To Sign? No No N/A No

Data SourceReuters Data Link

IncludedQuote Center

IncludedN/A Quote Center

IncludedFree 30- Day Trial? Yes - Click Here Yes - Click Here N/A N/A

You take no risk whatsoever …

As summarized above, if you purchase the software outright you are protected withour 30-day money back guarantee!

Try the software and if for any reason you feel that it doesn’t meet your needs thenreturn it within 30-days in good condition (i.e. there are no notes in the manual, nosheets are torn etc.) for a full-refund on the purchase price of the software (shippingnot included).

If you opt to go with the subscription version , you can try the first month FREE and then cancel at anytime after since there are no contracts to sign!

The market presents so many options for trading software that it can make your head spin. I wrote thisbuyer’s guide to help you make this process easier by laying out nearly everything you need to knowabout MetaStock to make an informed choice before you invest your hard earned money into a solution.

We hope you have found this guide to be both useful and informative. If you do, however, have a fewremaining “burning” questions that need to be answered, please do not hesitate to give us a call and

we will ensure that you are taken care of promptly. You can reach us at 1-877-386-3763 (USA) or 1-877-463-7638 (Canada), via email [email protected] or you can visit us online at www.MetaStock.ca.

We look forward to hearing from you soon.

Scott Young |Business Manager

P.S. Our website www.MetaStock.ca is full of helpful information. We are sure you’ll find MetaStock is theright analysis software tool for you!

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