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There are 47 major stock exchanges in the world and there are more than 40,000 companies listed in those various stock markets. As investors we are looking to profit and find winners be selecting the companies that offer the best probability of success.<br><br>A stock screener is an investors most powerful tool as it allows you to organize stocks based on your specific requirements and automates much of the manual process of searching for a stock to buy. u000bu000b<br>
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Are you using an investor's most powerful tool? By SmartMoneyGains.com
Introduction There are 47 major stock exchanges in the world and there are more than 40,000 companies listed in those various stock markets. As investors we are looking to profit and find winners be selecting the companies that offer the best probability of success. A stock screener is an investors most powerful tool as it allows you to organize stocks based on your specific requirements and automates much of the manual process of searching for a stock to buy.
Why you need to use a stock screener? If you just read the financial headlines and follow the herd buying FANG stocks, Tesla and Bank of America you end up with overvalued stocks that offer limited upside. Stock screeners will allow you to find new symbols that can become the new winners in your portfolios. This tool will save you time and give you a significant advantage in the market.
The best free stock screener Professional investors spend thousands to get the best tools but there are many free ones that get that job done. Finviz is regarded as one of the leading tools because of its ease of use and depth of analysis. Finviz allows your to analyze technical and fundamental data and arms you with powerful financial analysis. The intuitive homepage provides an overview of the global stock market indices so you can get a clear picture of the market as a whole. Before you invest, make sure to do Stock Market Research. The stock scanning software allows you to input the data that you are looking to find and shows you all the stocks that meet that criteria. You can save your selections so once you set it up you can just check on it whenever you are searching for new opportunities.
Your screening criteria depends on your goals Screening criteria will depend on your specific style of investing. If you are a trader you are actively buying and selling stocks across a very short period of time. You are jumping in and out of a stock within weeks, days looking to get short term profits. You do not care about long term prospects of the company but more on the technicals of the stock price action and volume. For short term momentum traders you will be looking for price action and volume. Investors are going to be analyzing the lextended potential of a company and have a long term horizon of years. Investors can use a screener to find mispriced quality stocks that are on sale or just new quality companies to add to the watchlist. For long term investors you will be looking for P/E, EPS growth rates, ROIC, dividend percentage that meet your requirements.
Knowing What to Screen For With countless of variables and possibilities it's difficult to decide what to screen for. If you want to find out how to valuate a company, what factors make a stock a great investment download our Beginner’s guide to stock market investing.
Bottom line If you are not already using a stock screener you should certainly learn how to use one and make a habit of checking it on a daily basis. This tool will save you countless of hours doing manual chart scans and is so useful when you are trying to decide whether to buy or sell a stock at the right time.
Contact Us To get Latest Stock Market News, visit Smart Money Gains at www.smartmoneygains.com