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Trade Smart Online Spin Review by A Digital Blogger

Trade Smart Online Spin Overview

'Trade Smart Online Spin' is an in-house terminal based trading platform from Trade Smart Online, a discount stock broker from VNS Finance. The software needs to be downloaded and installed on your computer or laptop before you start using it for trading or investing in the stock market.

Apart from this application, the discount broker provides NEST and Mobile app to its clients in order to perform DIY trading.

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Configuration

Operating System

Windows XP, Windows 7, Windows 8 – 32 bit / 64 bit

Processor

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Trade Smart Online Spin Features

Let's look at some of the primary features of this trading application:

  • You are allowed to place orders directly from the charts. For instance, if you are performing your technical analysis using the charts then you can just place the order directly from the graphic being analyzed. Furthermore, you can view, edit or cancel your order from the given charts too.
  • You can place limits using the 'FastTrade' feature which runs in form of a small floating window on top of the charts.
  • The profit or loss on your open positions can be viewed on a real-time basis on the charts itself.
  • If you are somebody who likes to perform technical analysis at an advanced level, then this Spin application provides you
    • 83 technical indicators
    • 10 types of charts such as Ellipse, Rectangle, Trend Line, Speed Lines, Gann Fan, Fibonacci Arcs, Fibonacci Fan, Fibonacci Retracements, Fibonacci Time Zones, Tirone Levels, Quadrant Lines, Raff Regression
    • Pivot levels with S&R (Support and Resistance)
    • Floating Charts
  • You can use built-in pattern detection system with 19 types of such recognition mechanisms such as Double Top, flag, head and shoulders and so on. Furthermore, you can define new patterns by drawing them within the application to go along with the order placement feature as well.
  • The application also offers semi-automated trading (algo trading) feature called 'InstaTrade'.
  • If you know how to code your trading strategies (suitable for heavy or experienced) traders, then Trade Smart Online Spin allows you to use a script editor with built-in programming feature.

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Trade Smart Online Spin Advantages

Spin is one of the decent trading applications from the discount broker house, Trade smart online. It comes with the following advantages for its clients:

  • The trading application offers multiple types of charts, indicators, option strategies for detailed technical and fundamental analysis.
  • Suitable for intermediate and sub-advanced level traders, the platform allows users to code their own strategies based on the analysis.

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Trade Smart Online Spin Disadvantages

There are few limitations or concerns of using this terminal solution from Trade Smart Online as well. Here are those listed:

  • You can trade and invest across specific segments such as Equity, derivatives and currency only. Financial classes such as commodities, mutual funds, IPO are not allowed to be traded using this software.
  • Although there are multiple brokerage plans provided by this discount stock broker, you can use SPIN application only if you have opted for power plan or value plan (read all the brokerage plans under 'Pricing' section in Trade Smart Online Review).
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For rest of the details, you can check the complete review of Trade Smart Online here.

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Wednesday, 21 August 2019

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