Best Stock Screener: The 5 Best Scanners for 2021
The best stock screener saves your time and provides you with the market intel you need to trade effectively. Even beginners can benefit from these powerful trading tools. However, there are a ton of stock screeners online, and choosing the best one for your trading style can be a difficult task.
What is a Stock Screener? A stock screener is a powerful trading tool that allows you to search through market data using customizable filters for fundamental metrics and technical criteria. Traders use screening tools for various purposes, but they’re most commonly used to scan the market for new trade opportunities. You can program stock screeners according to your personal trading strategy, and it will automatically scan the market for stocks that fit your criteria. For example, you can set the screener to look for large-cap stocks with a positive PE ratio and YoY revenue growth of 20%. That’s just one scenario, but the possibilities are endless. Stock scanners are like a sophisticated stock market search engine. There are thousands of publically traded stocks on the market, so it’s impossible to search through them all manually. Fortunately, stock screeners make it easy to find high-potential stocks to trade. Traders of all types and experience levels can greatly improve their trade results with an effective screening tool.
What to Look for in the Best Stock Screener If scanners are a new concept for you, you might not know what to look for when you’re shopping around. Here are some of the top attributes to consider when you’re shopping for a stock screener. Find us at thestockdork.com.