There are thousands of options
available in the United States stock quotes market in which an investor can invest his
money. There are more than twenty thousand publicly traded companies in the
stock market in the US. Therefore, it becomes a very difficult task for any
investor either a beginner or an experienced one to decide which company to
invest in. Stock screeners are extremely useful in allowing traders to search
the entire stock market for stocks that conform to specific criteria set by the
user. This allows traders to compile a Watch List of stocks that conform to
their criteria.
Stock screener is a tool that investors and traders can use to filter stocks
based on user-defined metrics. Stock screeners are offered on many websites and
trading platforms, and they allow users to select trading instruments that fit
a certain profile set of criteria. Some trading platforms and software allow
users to screen using technical indicator data. For you to succeed in trading
stocks, it is inevitable that you know how to choose and trade on options that
can yield profit for you. Unfortunately, the ability to do this is a skill that
expert analysts spend years honing and perfecting. So what if you don't have all
that time to spare and all you want to do is begin trading? Well, the good news
is that you can. Of course, you still have to carefully analyze the market, but
with the help of efficient tools like the stock screener, the time you spend
doing this is reduced to a tiny fraction and you have greater certainty about
your choices. The advantage of using stock screener is it can research a given
type of a stock within a few minutes and return comprehensive information. It
is up to the trader to evaluate the information. If the stock seems profitable
then he or she could buy it. Alternatively, a trader could just leave it alone.
This type of a tool saves time an investor would otherwise use when
researching.
Stock screeners are essential for screening in today's markets because most
professionals actually underperform the market due to human influences. A
machine-based model can filter out human weakness, such as believing press
forecasts, and produce better results assuming that the criteria, or variables
uses, are those that affect the direction of stock prices in the future.