Standout technology and unique trading tools:
It's clearly evident that tradeMONSTER is focusing on pushing their business forward with technology. Their trading platform offers some of the best tools to ease the complexity of options trading, which is the true highlight of using tradeMONSTER. One very cool feature is the ability to prioritize your personal preferences to create different options strategies for a given stock. The strategy is created for you based on how conservative or aggressive you want to be, and all you have to do is execute the trade. There is also an impressive visual trading tool available called Spectral Analysis. It's one of the many innovative trading tools tradeMONSTER has developed, along with other tools likeliveACTION and strategySEEK.
Fresh concept that is easy to use:
TradeMONSTER has a one-size-fits-all platform that feels like something different, and that is a good thing. After logging in to your account, you launch the trading platform in a separate window. The application is far more advanced than most of the basic web-based trading platforms offered by other brokers. It feels as though you are downloading an advanced software, but it's completely web-based. If you want to make a quick trade, you have the option to click a separate "Quicktrade" button that will open a simpler window where you can place your orders. Most of the application is customizable, so you can play around with the setup to find what works well for you.
Systematic approach to trading using tradeCYCLE:
Another quality feature that tradeMONSTER offers is a proactive investing guidance tool called tradeCYCLE. If you find yourself lacking discipline or a solid trading strategy, tradeCYCLE could be the helping hand you need to turn a profit. It includes six steps that are built into a complete process. You start by researching, move into crafting a strategy, test the strategy, execute your trade, plan an exit, and then adjust as needed. Each step along the way is accompanied by a proprietary tradeMONSTER tool to help you execute. This is a feature definitely worth trying out, especially for beginner or intermediate investors.
In-depth platform learning experience:
If you're just getting into trading or new to tradeMONSTER, you may feel a little lost upon first launching the platform, but have no fear: tradeMONSTER offers an extensive platform educational page that breaks the learning experience into three levels (beginner, intermediate, and advanced). Each level has a detailed YouTube video that shows and explains that topic. They also offer webinars that allow you to ask questions of a senior manager at tradeMONSTER. All in all, the learning curve for tradeMONSTER could be steep if it wasn't for the extremely valuable resources they offer.
Deep educational resources:
The education section on the tradeMONSTER website is segmented by options, stocks, and futures. It appears to be lacking in depth upon first glance, but as you select the product that you're interested in, you open up a very thorough educational guide. Clicking on options, for example, opens up three levels of options trading: beginner, intermediate, and advanced. Within those levels, you have all kinds of strategies and topics to choose from. If you want to learn how to trade options, this is the place to be. The education for stocks and futures trading isn't as advanced but is still sufficient.