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Swing trading is a popular method of active investing that involves holding assets for short-term periods of time (usually overnight) in order to capitalize on day-to-day price movements. While swing trading can help you see short-term profits with less fundamental research, finding profitable swing trade opportunities can be a challenge. Working with a functional and reliable swing trade alert service can take much of the guesswork out of finding successful swing trades. Read on to learn more about some of the top swing trade alert services that can enhance your trading.
Best Swing Trade Alert Services:
The Best Swing Trade Alerts Services
A swing trade alert service can be an invaluable tool that you can use to spot swing trade opportunities and improve your trading profitability. If you’re considering getting started in swing trading or if you’re already established as a trader and you’re looking for a way to streamline research, consider working with one of the following recommended swing trade alert services.
Pricing: $0 to $347 per month depending on plan
Benzinga Pro is an all-inclusive control desk to help you make stock and market research more convenient and less time consuming. One of the most unique tools that Benzinga Pro offers for its swing traders is its alert service — simply set indicators or signals that you’re interested in tracking from your homepage and receive real-time stock alerts when a signal is triggered. You can choose to receive email or desktop alerts complete with a notification sound, so you don’t need to be glued to your desktop in order to spot trading opportunities.
Live alerts are only one of the many tools that sing traders will find especially useful. Benzinga Pro also offers a complete live and customizable news feed, allowing users to filter by category, source or by specific news items that you’ve added to your watchlist. Not sure which tools you’ll use? No problem — Benzinga Pro offers free plans and complementary trial periods to ensure that you don’t end up paying for an investment tool that you won’t use.
Pricing: Between $84 and $228 monthly depending on plan chosen and billing frequency
Trade Ideas’ most unique software option is its AI-powered assistant named “Holly.” Holly is an AI research analyst that automatically and constantly sorts through fundamental and technical signals and performs simulated trades in order to help identify and recommend potential swing trading opportunities. While you sleep, Holly continues to perform trading scenarios with data from the end of the trading day in order to provide you with a subset the next morning. Holly is even integrated with 70 proprietary algorithms to provide you with recommendations and analyses you won’t find anywhere else.
If you’re new to the swing trading market, you might want to take some time to practice your trading strategy before you risk any of your own investment money. In addition to a wealth of market insights, Trade Ideas’ software also offers you a simulated trading platform that allows you to put Holly’s suggestions into practice with a dummy account. This practical tool can help investors better understand and experiment with all of the tools that Trade Ideas has to offer with less risk.
Seeking Alpha, the world’s largest investment community platform, provides investors with excellent financial informational content on stocks, exchange-traded funds (ETFs) and cryptocurrencies. The company has been at the forefront of alternative financial services since 2004 when it was founded by Wall Street analyst David Jackson.
Seeking Alpha focuses on facilitating its subscribers’ wealth building and portfolio growth through providing extensive research on stocks and other assets. Seeking Alpha also empowers investors to make more informed investment decisions with a high-quality blend of fundamental analysis tools, market data, reliable news and crowdsourced debate.
In addition to a free Basic service, the company currently offers 2 paid subscription products: Seeking Alpha Premium that caters to most investors and Seeking Alpha Pro that is aimed at high net worth individuals and investment professionals. The company also provides access to its Seeking Alpha Marketplace that lets you choose from more than 150 paid investment services.
- Stock traders
- ETF traders
- World’s largest crowdsourced investment community
- In-depth financial market research
- Opinion and informational articles by highly experienced professionals
- Crowdsourced debate lets you interact directly with other traders or investors
- Focuses mostly on U.S. and Canadian stocks
Pricing: Between $19.99 and $299.99 per month depending on chosen plan and billing frequency; limited free plan also available
If you’re searching for unlimited access to investment reports and stock research, you might want to consider Seeking Alpha for your swing trade alerts. Seeking Alpha is best known for its wide-reaching range of stock and market news contributed by independent contributors, the company also offers exclusive expert-level reviews, newsletters, trading ideas and more. With a Seeking Alpha subscription, you’ll be able to access unlimited author stock ratings, 10 years’ worth of financial data, up to 15 newsletters delivered by email and much more.
Being a subscriber of Seeking Alpha Premium also allows you to access the service’s Stock Quant Ratings. These ratings are a series of lists of best and worst-ranked stocks according to validations from independent contributors, Wall Street analysts and Seeking Alpha’s own AI-powered metrics. Top plan users can also access their data without ad interruptions, providing you with a more streamlined user experience that makes news interpretation less time-consuming.
Mindful Trader is a comprehensive trade-alert platform programmed to enable clients to replicate an already analyzed trade within minutes. The idea is to help clients make quick and meaningful trading decisions by eliminating the time required to study and analyze the market. On average, each of the trades takes between 3 and 5 days, making Mindful Trader ideal for swing traders hoping to build their portfolios and profits but not willing to sacrifice their regular jobs for it. Newbies with little or no trading experience can also leverage the platform.
- Beginner traders looking for trading tips
- Swing traders wishing to earn passive income
- Traders who may not want to hire a financial adviser
- Traders who prefer a data-driven approach
- Traders with little or no time for market analysis
- High level of transparency
- High success rate
- Long-term wealth potential
- Easy to follow
- In-depth, data-driven stock trading analysis
- Little or no knowledge of the stock markets
- Valuable educational content for clients
- Cancel subscription anytime (after first month)
- Relatively new service
- May be too pricey for beginners
- Non-refundable first-month fees
Pricing: $47 per month
Mindful Trader is a swing trade alert service that provides you with real-time swing trade alerts using a proprietary algorithm designed by Mindful Trader’s founder, Eric Ferguson. As a Mindful Trader member, you can access Ferguson’s watchlist, live positions, daily swing trade recommendations and more. The majority of Mindful Trader’s recommendations are for short- and medium-term swing trades, and entry and exit points are clearly defined for novice investors.
Unlike the other picks on this list, Mindful Trader does not offer a comprehensive platform that provides you with accessories like charting tools or news feeds from independent sources. However, Mindful Trader’s picks focus on swing trades, and the service lays out data in a way that beginners and those new to swing trading will find intuitive to understand. Mindful Trader’s pricing is also competitive when compared to other swing trade alert services, which can be beneficial for new swing traders who want to learn more about strategic trading without making a major financial investment.
Pricing: $79 to $149 per month depending on desired tools
Scanz is an all-in-one market scanning platform for investors that focus on short-term trading strategies, providing you with real-time scanning and alerts for irregular movements. The Scanz Pro Scanner tool allows you to entirely customize your alerts, supporting everything from simple liquidity scans to multi-step and variable scans. Scanz comes with a library of 50 pre-installed price variables as well as a comprehensive library of technical filters as well.
There is no limit on the number of saved scan conditions you can create through the Scanz platform. This means that you can craft a selection of customized scan criteria and run your scans as often as you need in order to streamline your market research. In the near future, Scanz will also introduce a library of more than 100 pre-configured scans, which can make the market research process even easier.
Benefits of Swing Trading
Are you thinking about learning more about swing trading? Some of the benefits that come with swing trading include the following.
Less time-consuming than day trading: As a general rule, swing traders make fewer daily trades than day traders, who might place multiple orders over the course of a few hours. This means that as a swing trader, you’ll likely spend less time actively trading.
Short-term profits: Swing trading is a short- to medium-term trading strategy, which means that you’ll be able to see and take your profits without spending years waiting for your assets to increase in value.
The research involved is easier: Swing trading largely relies on technical analysis because the trades that you make as a swing trader usually close in a week or less. This streamlines the research process and allows you to spend more time trading.
Drawbacks of Swing Trading
As is the case with any other trading strategy, swing trading also comes with risks. The following are some of the drawbacks that you’ll need to take into consideration before you begin swing trading.
Overnight and weekend market fluctuations: Many swing traders hold their positions overnight or for a few days. If the market makes an unexpected reversal overnight or over the weekend hours, you might see substantial losses when you return.
Missing out on long-term trends: As a swing trader, you’ll largely rely on technical analysis in order to target potential swing trading opportunities. By not relying on fundamental analysis as heavily, you may miss out on long-term trends that you may have otherwise seen using a more holistic investing strategy.
Compare Brokers for Swing Trading
Before you can begin swing trading, you must first open an account with an online broker. Your online broker will help you invest by authorizing buy and sell orders placed by you on your behalf. Choosing a broker that offers a comprehensive, reliable and functional platform is a key consideration to make when you decide to begin learning how to swing trade.
Benzinga offers insights and reviews on the following online brokerage services. You may want to consider beginning your search for a broker with the links below if you don’t have a place to trade currently.
Frequently Asked Questions
Who is the best swing trader?
Daniel J. Zanger is largely considered to be one of the most successful swing traders in history, amassing gains of more than 29,000% in a single year. He currently holds the world record for one-year stock portfolio performance.
How do you spot swing trades?
Most swing traders use technical analysis in order to spot potential swing trades. Technical analysis is a discipline used in trading to identify repeating chart patterns and capitalize on future price movements that are likely to occur based on past data.