Schwab’s premier trading platform StreetSmart Edge was designed to think like a trader
Throughout this demo, you’ll see what it’s like to use StreetSmart Edge to check your positions, assess the markets, find and analyze trade ideas, and enter orders. We’ll start by taking a look at a customized account layout focused primarily on tracking your portfolio. You can review your current balances and buying power in Account Details. In the Positions tab, you can see position information down to individual lot details, as well as realized gain/loss for your closed positions.
Now let’s see how to check out what’s happening in the markets.
We’ll start with Streaming News, which provides a continually updated news feed from sources such as Briefing.com, Reuters, and others. You can also watch a commercial-free live stream of the CNBC broadcast right on your desktop. Streaming, interactive charts provide a rich view into the markets and indices. You can adjust the timeframe, or apply a range of technical analysis tools. Here, you see that the NASDAQ has had a rally today. Using Screener Plus’s predefined screener of top gainers in the NASDAQ, it looks like ZL Communications in telecom is on the rise. We’ll add ZL Communications to a watchlist, which we’ll explore further in a bit.
Now it’s time to further research ZL Communications.
We’ll start with fundamental analysis. The fundamentals of a security are easily viewed by right clicking on the security’s name from the watchlist. This brings up the Research tool, populated with the information for that particular stock. The earnings tab is an intuitive snapshot of the security’s most recent earnings report. A glance at ZL’s Earnings Per Share indicates that the stock could be currently oversold. Reviewing Schwab and third-party analyst ratings, it looks like ZL also has a five-star rating from Morningstar Equity Research. You can also research additional corporate strength metrics, such as revenue, cashflow, or earnings per share.
Now let’s review the technicals for ZL Communications.
To determine where it is trading relative to its support and resistance, choose from a variety of technical studies built into StreetSmart Edge, such as Simple Moving Average and Bollinger Bands, which we see here. There are strong indicators that ZL Communications may have broken through its resistance zone and is now in an uptrend. You can also access additional third-party technical analysis tools to help you assess potential entry and exit opportunities, including chart pattern recognition from Recognia.
Now that we’ve identified and analyzed ZL Communications with both fundamentals and technicals, we’re ready to make a trade.
Start by loading the symbol into the All-In-One Trade Tool. This powerful order entry window allows you to define the parameters of the full trade from entry to exit — for stocks, ETFs, and single- or multi-leg option orders. Based on the analysis, you’re going to buy it now, when it’s appeared to have just broken through its prior resistance. Once the parameters are set, review the order and confirm the trade. You’re now trading ZL Communications!
Along with powerful trading tools, Schwab provides you with extensive insight, robust educational resources, and personalized service that can help you become a better trader. Make the most of your trading when you open a Schwab account today.