A Comprehensive Trade Ideas Review 2023: Is the Stock Scanner Worth It?

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Trade Ideas offers AI-Powered Stock Scanners and Investing Tools to help you stay ahead in the ever-evolving stock market.

Trade Ideas Logo

Quick Summary:

Trade Ideas is a comprehensive trading platform that provides real-time data analysis, AI trade suggestions, personalized scans, and integration with brokerage platforms for traders of all levels to identify profitable trades.

Overall Rating:

Stock Analysis:

Tools & Features:

Ease of Use:

Price:

Best For:

Active traders

Swing traders

Day traders

PROS

  • AI-Driven Tools
  • Custom and prebuilt screeners
  • Automated Trading

CONS

  • Can be overwhelming for beginners
  • Steep Price Point
  • Limited Broker Integrations

Price:

$84 – $167/mo with annual subscription

Features:

  • Custom and prebuilt screeners
  • AI-driven tools to identify patterns
  • Automated trading functionality
  • Brokerage account integration
  • Backtesting functionality
  • Real-time data

Mobile App?

No

Current Promotions:

None listed

In this comprehensive Trade Ideas Review of 2023, we’ll explore everything you need to know about this truly unique platform and how it can improve your trading strategy.

Trade Ideas is a comprehensive trading platform offering real-time data analysis, AI trade indicators, personalized scans, and seamless integration with brokerage accounts.

What is Trade Ideas

Trade Ideas is an impressive stock scanner and trading platform that provides real-time data analysis, AI-driven trade suggestions, technical charting, automated trading, plus much more, catering to novice and advanced traders.

Even some brokerages and educators have jumped on the bandwagon, utilizing the Trade Ideas software to enhance their services through its simulated trading functionality.

This Trade Ideas review delves into the platform’s offerings, such as its unique artificial intelligence feature, Holly, and various tools that cater to technical and fundamental investors.

Regardless of where you are in your trading journey, Trade Ideas caters to all experience levels.

Trade Ideas

Trade Ideas can give active traders a competitive advantage by helping them spot profitable trades through personalized scans and powerful analysis tools.

Day and swing traders, in particular, can benefit from the platform’s auto trading and real-time analysis capabilities. For those who value a unique approach to trading, Trade Ideas stands out with its AI system, Holly AI, and integration with most online stock brokerages.

The platform offers a wealth of features:

  • Heaps of prebuilt scanners
  • Customization options
  • Advanced scanner functionality
  • AI-Guided Trading
  • A comprehensive educational program
  • A moderated live chat room

Additionally, Trade Ideas handles all the processing on its server. It has a web version accessible through various devices and integrated with different trade ideas brokerage platforms like E-Trade and Interactive Brokers. These features further enhance the user experience.

Harnessing the capabilities of Trade Ideas allows traders to swiftly identify and seize market opportunities, maintaining a competitive edge and enhancing their trading performance.

Trade Ideas: Key Features

Trade Ideas boasts a comprehensive suite of features that caters to various trading styles, including its AI-powered Holly, real-time alerts and scanners, and advanced charting tools for technical analysis. By understanding your unique trading style, you can make the most of these tools to optimize your trading strategies.

We will review these features and their potential to help you in your trading strategy.

Artificial Intelligence: Holly

Holly AI is the most unique feature of Trade Ideas. Holly is an AI tool that analyzes and backtests several strategies daily. Holly employs over 60 pre-defined strategies, such as entry prices, stops, and targets, to name a few.

Once one of those patterns is spotted by Holly, they are published as Signals in the AI Channel. These stock patterns can become either Buy or Short Sell Signals, making them valuable tools in any trader’s arsenal.

While it is a great tool, there are two shortfalls of Holly: the algorithms are not customizable based on user preferences, and it’s really based on intraday trading.

Holly is an AI-driven feature in Trade Ideas that provides the following benefits:

  • Analyzes stock trades and identifies patterns
  • Provides buy or short-sell signals for subscribers to follow
  • 60 algorithms that are backtested daily
  • Helps users find aggressive, intraday opportunities and statistical patterns that have been repeating recently
Holly AI Strategy Trades

Trade Ideas offers three versions of Holly AI:

Holly Grail, Holly Neo, and Holly 2. have unique features and trading strategies.

Leveraging Holly helps traders stay apprised of market trends, make informed decisions, and enhance their chances of success in the dynamic world of stock trading.

Real-Time Alerts

Trade Ideas’ real-time alerts are invaluable for traders who want to monitor market activity and receive real-time notifications based on their criteria.

Every alert has a timestamp to ensure you receive the most current updates.

Users can personalize their viewing window to track stock metrics such as extreme volume spikes, recent highs, and lows, or movement across notable average milestones. Whether you monitor a stock as it crosses a 200-day moving average or observe its post-earnings performance, the customizability options are endless.

Trade Ideas Real Time Alerts

Scanners

The scanner covers over 8,000 stocks and ETFs in real-time, and you can use a combination of pre-configured screeners with customizable options.

By enabling traders to stay ahead of the competition, these features help users capitalize on emerging opportunities and improve their overall trading performance.

The real-time scanners offered by Trade Ideas are packed with features:

  • Stock Racing
  • Pre-configured strategies
  • Alert Windows
  • Live Trading Room
  • Real-time stock races
  • Filters
  • Option to receive tailored strategies via email

Trade Ideas Scanner

These tools can help traders save time and energy by replacing a screen filled with dozens of charts, allowing them to focus on what truly matters: making profitable trades.

Incorporating real-time scanners into a trading strategy enables users to monitor stock performance and quickly efficiently discover promising stocks, guaranteeing no potentially lucrative opportunity goes unnoticed.

Charting and Technical Analysis Tools

Trade Ideas provides advanced charting and technical analysis tools that help traders visualize stock performance and make informed decisions.

Although the platform’s charting features are less sophisticated than comprehensive technical analysis software like TrendSpider or MetaStock, they still offer valuable insights and functionalities for users.

Some unique features of Trade Ideas’ charting tools include:

  • Real-time updates
  • Pre-market and after-hours data
  • Multiple chart windows
  • Recent news headlines

These tools, combined with Trade Ideas’ extensive selection of filters and customizations, empower users to develop and refine their trading strategies based on data-driven insights.

Trade Ideas Charting

Utilizing Trade Ideas’ charting and technical analysis tools allows traders to deepen their comprehension of market trends and make more educated decisions, thereby increasing their probability of succeeding in the stock market.

Pricing and Subscription Options

Trade Ideas offers two subscription plans, Standard and Trade Ideas Premium, each with varying features and pricing options to cater to the different needs and budgets of Trade Ideas subscribers.

Additionally, the platform sometimes provides free trials and discounts, allowing potential users to test the platform before committing to a subscription.

Let’s explore the differences between these plans and investigate the available discounts.

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Trade Ideas Pricing

Comparison: Standard vs Premium

Regarding the features and benefits of Trade Ideas Standard and Premium subscriptions, there are some key differences to consider before deciding.

The Standard version offers scanning, charting, trading, and a live trading room, making it a versatile option for traders of all levels. On the other hand, the Premium plan includes all the features from the Standard plan, plus extras like backtesting, custom scanning, and additional trading tools.

Another essential factor to consider is the pricing.

A Standard plan is $84 per month or $999 for a prepaid year. Meanwhile, a Premium plan, which includes Holly AI, comes at a higher price point. Ultimately, the choice between Standard and Premium will depend on each trader’s needs, preferences, and budget.

Educational Resources and Support

In addition to its powerful features, Trade Ideas provides a wealth of educational resources and support to help users maximize their trading potential.

Video tutorials, webinars, and personalized training are just a few examples of the resources available to subscribers. These educational materials cater to traders of all levels, ensuring everyone can benefit from the platform’s offerings.

Trade Ideas Educational Resources

Trade Ideas University offers classes covering various topics, from primary platform navigation to advanced trading strategies. For those seeking more personalized guidance, 1-on-1 training sessions with expert trading education specialists are available at $99 per hour.

Taking advantage of Trade Ideas’ educational resources and support allows traders to steadily enhance their skills and strategies, guaranteeing they benefit from the platform and their trading career.

User Experience

User experiences can provide valuable insights into the benefits and drawbacks of using Trade Ideas. Reddit users particularly appreciate the platform’s quick alert signals, which are crucial for serious day traders. Real-life experiences like these can help potential subscribers make informed decisions.

Customer support is another essential factor to consider. Trade Ideas offers various ways to get in touch with their support team, including:

  • Support tickets
  • Telephone
  • Email
  • Leaving a message on the website

Access to responsive and helpful customer support can make all the difference in ensuring users get the most out of the platform.

Considering the experiences and testimonials of actual users helps potential subscribers comprehend Trade Ideas’ capabilities and the platform’s potential impact on their trading success.

PROs and CONs of Trade Ideas

Trade Ideas offers robust features and benefits, like advanced scanning capabilities, real-time data, customizable alerts, and backtesting functionality. However, weighing the pros and cons before committing to a subscription is essential.

PROS Explained

Cutting Edge Technology: Trade Ideas is by far one of the most advanced stock screener and analysis tools I’ve encountered. That amount of functionality is seemingly endless.

AI-Driven Trade Ideas: Holly by Trade Ideas is one-of-a-kind. No other investing platform offers technology as advanced as this AI-driven feature.

Custom and prebuilt screeners:

CONS Explained

Steep Learning Curve: The pure amount of data and functionality offered by Trade Ideas could make it overwhelming for some users. As a new user, learning to use all the functionality will take some time.

Relatively High Price Point: Priced between $84 and $167 per month is not cheap. However, it could be worth it if you are serious about trading and want the most advanced functionality.

Limited Broker Integration: There are only 2 brokers that allow for integration with Trade Ideas: eTrade and Interactive Brokers. Meanwhile, competitors such as Stock Rover offer integration with over 1,000 brokerages.

Despite these drawbacks, many traders find that the benefits of using Trade Ideas far outweigh the cons. Some of the key benefits include:

  • Personalization capabilities
  • Vibrant community
  • Educational materials

Ultimately, it’s up to each trader to determine if Trade Ideas suits their investing needs.

Best Alternatives

When evaluating stock scanners, it’s essential to compare Trade Ideas with other platforms on the market. Each platform has unique offerings catering to different needs and preferences.

Trade Ideas sets itself apart from competitors through its extensive selection of filters, advanced scanning capabilities, real-time data, and customizable alerts on its trade ideas platform. However, other platforms may offer more comprehensive technical analysis tools, additional broker integration, or different pricing structures that may be more suitable for specific traders seeking a unique trade idea.

Comparing Trade Ideas to its competitors helps traders understand each platform’s strengths and weaknesses, aiding them in making an informed decision about the stock scanner that best fits their specific needs.

1. Stock Rover

Stock Rover is an investment research and analysis platform that provides investors with powerful prebuilt and custom stock screeners, advanced charting capabilities, research reports, portfolio management tools with portfolio integration capabilities across over 1,000 brokers, market research, and much more.

Stock Rover

While Stock Rover doesn’t have AI capabilities, nor does it focus on technical analysis, it is more for fundamental investors.

Read our complete Stock Rover Review

2. Simply Wall Street

Simply Wall St. is an investment research and stock analysis platform that provides investors with powerful pre-built and custom stock screeners, research reports, and portfolio management tools with portfolio integration

Simply Wall St Logo

Read our complete Simply Wall Street Review

Bottom Line

Trade Ideas is a powerful and versatile stock scanner that offers a wealth of features designed to help traders stay ahead of the game in the stock market.

From its AI-driven Holly to real-time alerts and scanners, advanced charting tools, and a comprehensive suite of educational resources, Trade Ideas has something for everyone.

By carefully considering the platform’s pros, cons, and comparisons to competitors, traders can decide whether Trade Ideas is the right tool to enhance their trading career and achieve success in the fast-paced world of stock trading.

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Frequently Asked Questions

Is Trade Ideas worth it?

Based on the reviews, Trade Ideas is an excellent tool for traders of any level and provides all the necessary features to make informed decisions. Thus, it is worth investing in.

Is Trade Ideas legitimate?

Trade Ideas is an established and highly regarded company that provides powerful real-time technology to help investors find great stocks. Their server-based technology and two decades of industry experience make them a legitimate source for stock trading ideas.

What is the success rate of Trade Ideas?

Trade Ideas have a success rate above 60%, making it an effective and reliable trading platform. It can recommend long and short trades and three versions of Holly are available.

What is better than Trade Ideas?

Overall, TradingView offers the most comprehensive financial market news and data due to its more extensive coverage of markets. At the same time, TrendSpider provides traders with a unique set of integrated tools for finding, planning, and timing trades. Asset-Map, Irwin, TradingView, and Spreadsheet Server are great alternatives to Trade Ideas.

Does Trade Ideas offer a free trial?

No, Trade Ideas doesn’t offer a free trial. However, they provide discounts and promotions that help users save on their subscription.

Adam Koprucki

Adam is the founder of realworldinvestor.com, an investing website dedicated to helping discerning individuals make the best investment decisions.

Before starting Real World Investor, he was a Senior Vice President at one of the country's largest investment banks. He has over 10 years of experience working in financial services. His experience includes working with complex derivatives while spending many years working on a trading floor.

He has a bachelor's degree in Business Administration, majoring in finance.