TC2000 Review – Is This Trading Platform Worth the Price?

About TC2000

TC2000 has been voted as the most effective analytical software program below $500 for the final 24 years by Shares & Commodities Journal. It’s a high-end buying and selling platform that provides proprietary evaluation instruments, screeners, and even buying and selling by way of its personal brokerage providers.

TC2000 is constructed particularly with day merchants in thoughts, however is it best for you? Maintain studying our TC2000 evaluation to search out out.

TC2000 Pricing

TC2000 has three pricing choices: Silver, Gold, and Platinum.

Silver

Silver, being probably the most primary plan prices $9.99 per 30 days. For the overwhelming majority of merchants, the Silver plan is probably going sufficient. There is no such thing as a throttling of market information velocity, and the one chart performance not included in Silver is drawings like pattern strains and Fibonacci retracements. So, sadly, in the event you love drawing in your charts, you need to transfer as much as the Gold tier at $29.99 per 30 days solely for that characteristic.

Listed here are the options included within the Silver tier:

Commerce shares and choices by way of TC2000 Brokerage (see commissions)

Browse award-winning streaming charts with 100+ indicators

Covers 100,000+ shares, choices, and funds

Add real-time information feeds for shares, indexes, information, and choices

Entry 7 prebuilt layouts together with Buying and selling, TC Basic, DrillDown, Sector by Yr, 1-Chart, 4-Timeframe, Morningstar®

Apply & check your methods in simulated paper buying and selling accounts

Maintain your individual private watchlists and entry lots of of built-in watchlists

Write on-the-fly private notes and save shares to your favorites

Hyperlink the energetic image to monetary web sites

Transfer & tab home windows to construct customized layouts based mostly on how you’re employed

Entry your charts and watchlists from the TC2000 cell app

Gold

The Gold plan prices $29.99 per 30 days. There are a number of the reason why you would possibly wish to go for the Gold tier over the Silver tier. One in all them is the addition of chart drawing instruments, similar to pattern strains and Fibonacci retracements. It might really feel somewhat foolish to pay triple the worth of the Silver tier for a characteristic that’s included on most free net charts, however that’s simply how TC2000’s pricing works.

One other set of options unlocked within the Gold tier is extra subtle scanning functionality. Now you can create your individual standards for TC2000’s scanner, EasyScan, to scan, which is extraordinarily highly effective. An enormous differentiator between EasyScan and different advanced scanners is the rating system.

ALL SILVER FEATURES PLUS:

Create circumstances within the step-by-step EasyScan® wizard dialog.

Present 2-second scan ends in watchlists or checkmark columns

Mix circumstances based mostly on technical standards, fundamentals, and completely different time frames

Draw trendlines, shapes, Fibonacci retracements, notes, and extra on charts

Type watchlists by technical indicators, Morningstar information, and your customized standards

Monitor as much as 100 alerts on worth, indicators, and trendlines

Watch shares with upcoming dividend & earnings bulletins

Overlay sectors, trade and comparability indexes

Create customized stories

Write your individual private standards formulation (PCF’s) to scan, type and plot

Overlay earnings, institutional possession, gross sales, and extra information from Morningstar

Platinum

The platinum bundle prices $59.99 per 30 days.

ALL GOLD FEATURES PLUS:

Stay EasyScan dashboard

Set computerized re-sort intervals in your watchlists

Monitor real-time counts of shares passing your scans (as much as 15 concurrent)

Market timing indicators

Immediately entry watchlists of passing shares by clicking on rely in dashboard

Observe market sentiment by watching shares move between your scans

Arrange your EasyScans into stories

Monitor as much as 1,000 alerts on worth, indicators, and trendlines

Get $300 off buying and selling charges when utilizing the TC2000 brokerage

All plans provide reductions for annual and bi-annual subscriptions.

You’ll additionally have to buy real-time inventory market information for TC2000. This prices $14.99 per 30 days for US inventory information, $9.99 per 30 days for US choices information, and $9.99 per 30 days for US indices information.

TC2000 Options

Charts

The primary cause we needed to evaluation TC2000 was due to its inventory charts. The TC2000 software program provides a spread of highly effective options, however finally, its primary use is as a charting software program for inventory merchants.

TC2000’s charts are clear, endlessly customizable, and very user-friendly. Whereas the charts may appear just like what you get with different charting platforms at first look, we predict TC2000’s charts are extra sturdy than common.

One standout characteristic is the information field within the higher left-hand nook of the chart window. You’ll be able to click on your selector on any level on the chart and see the return over time, the return on an annualized foundation, and information factors like open, excessive, low, shut, and indicator values.

One other refined characteristic that we predict drastically improves the person expertise is the Change Image display, which opens routinely if you start typing (that is just like TradingView). Say you’ve got a chart of AMZN open and also you kind any letters in your keyboard. The Change Image window will open, permitting you to leap to a different chart instantly. It’s a minor time financial savings, however an enormous comfort.

Few rivals, save for presumably TradingView, match as much as TC2000 with regards to zooming out and in on charts. The fluidity of the zoom perform simply feels good.

The options we’re outlining on this TC2000 evaluation could appear insignificant, however the truth is that charting software program has develop into considerably commoditized. There are such a lot of real-time charting platforms on the market. TC2000 finds the small nuances that take the buying and selling expertise from good to nice. And let’s be trustworthy – in the event you’re not sweating the little issues with regards to charting platforms, why even learn a evaluation?

We expect TC2000 charts are completely price a strive. Seeing is believing, and also you received’t remorse taking this charting software program for a check drive.

Indicators

Most premium charting packages have extra indicators than any dealer is aware of what to do with. However what number of of these will you really use?

Sheer amount of indicators doesn’t impress us, and it shouldn’t impress you. We wish indicators price utilizing. So, as a part of our TC2000 evaluation, we needed to see how spectacular the symptoms on this buying and selling platform actually are. Let’s take a more in-depth have a look at a number of of the standout indicators.

TC2000’s Standout Indicators

Relative Power

Relative energy is, by a big margin, our favourite indicator. It is without doubt one of the few indicators that isn’t an arbitrary components of OHLC information. It merely compares one safety’s efficiency to a different. It’s an indicator that’s missing from many charting packages. It’s not solely included in TC2000, however executed flawlessly.

The primary inventory indices are presets that may be turned on and off, which saves time. As well as, there’s a checkbox for Sector/Business symbols. On different charting platforms, drilling right down to sectors might be tough since trade index symbols fluctuate from platform to platform. TC2000’s checkbox mitigates all of that.

Formulation

TC2000 lets you add formulation like (Quantity/5 bar common quantity * 100) and use them as indicators or to set alerts. The indicator used within the picture beneath seems to be on the common quantity during the last 5 worth bars.

EasyScan Scanner

We’re very keen on EasyScan for one key cause: you may select how the shares that present up in your scans rank in opposition to one other safety or set of securities for the factors you might be scanning. For instance, you may scan shares within the Russell 2000 ETF from iShares, then rank the highest 10% of shares based mostly on their efficiency in opposition to all US shares. You’ll be able to hold narrowing your choice till you’ve got a number of shares which have massively outperformed the market.

Once we got down to evaluation TC2000, we didn’t assume we’d be impressed with the scanning capabilities. That mentioned, the scanning instruments are tremendous handy. You’ll find real-time buying and selling alternatives each day.

One downside to the EasyScan module is that it solely provides historic situation testing, however not full backtests. You’ll be able to see what outcomes a scan would have turned up below previous circumstances, however you may’t see how a customized buying and selling technique would have carried out over a historic timeframe.

Simulated Buying and selling

TC2000 provides a totally practical buying and selling simulator with its charting platform, enabling you to check out new methods with out risking actual cash. You’ll be able to reset the follow buying and selling account at any time and also you get entry to the complete suite of technical evaluation instruments you’ve got for dwell buying and selling.

Platforms

TC2000 was initially designed as a desktop platform, but it surely has since added an internet platform and cell apps for iOS and Android. The online and cell platforms provide many of the identical performance because the desktop charts, however they’ll really feel somewhat sluggish. We suggest utilizing TC2000 foremost as a desktop app, with the choice to run charts on the internet or cell if you want.

TC2000 Brokerage Accounts

TC2000 provides its personal brokerage providers with execution by way of Interactive Brokers. If you happen to open a TC2000 buying and selling account, you may commerce instantly from TC2000 charts and even use units of indicators to arrange automated buying and selling.

TC2000 doesn’t cost account charges, however the commissions are a bit steep. You’ll pay $4.95 per commerce for inventory and ETF buying and selling. Choices trades price $2.95 per commerce plus $0.65 per contract. There are tons of brokers that supply commission-free inventory, ETF, and choices trades, so these commissions could also be exhausting for a lot of day merchants to swallow.

TC2000 Vs. TradingView

I discover TC2000 to be similar to TradingView in chart really feel, with a number of key variations, these being:

The TradingView UI is far less complicated

TC2000 has extra options and performance for day merchants

TradingView covers different monetary markets, together with foreign exchange, futures, and crypto

TradingView provides a backtesting perform

It’s additionally price noting that TradingView has a social element to it that TC2000 doesn’t. This may be very helpful for locating new commerce concepts and indicators, though day merchants who have already got a technique won’t discover the social options to be useful.

General, TradingView is a more sensible choice for swing buying and selling, energetic investing, and buying and selling in any belongings aside from US shares and choices. We like TC2000 for locating concepts utilizing the EasyScan scanner and probably the most seamless charting expertise.

What Kind of Dealer is TC2000 Greatest For?

TC2000 is unquestionably the platform of selection for day merchants, in our opinion. TC2000 has all the things a day dealer may ask for. Particularly, the assist for floating home windows is large, as many day merchants use upwards of 5 displays when buying and selling. We additionally see EasyScan being an enormous promote for momentum-based day merchants. The power to slender down the shares doing the most effective (or worst) in sure standards is essential for day merchants. There are tons of extra buying and selling instruments within the TC2000 software program that add much more worth.

The buying and selling software program is much more handy you probably have a TC2000 brokerage account so you may place trades within the platform. You’ll be able to even reap the benefits of automated buying and selling. Sadly, the software program doesn’t combine with different brokers presently.

Whereas we suggest TC2000 for merchants, we don’t see all of the options as being sensible for traders. This platform solely helps buying and selling shares and choices, so it is going to have very restricted utility for foreign exchange, futures, and crypto merchants.

Professionals & Cons

Professionals

The charts are practically unmatched within the trade

Rigorous consideration to element and fervour from the group, in comparison with many software program packages put out by a prime brokerage companies

Glorious scanner

Environment friendly on CPU/reminiscence for an utility of its form

Cons

Solely helps shares, no currencies, futures, or crypto

The desktop platform is a downside for a lot of preferring web-based purposes

No backtesting performance