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Trade Smart Online Spin

Mobile App

Trade Smart Online Spin Overview

‘Trade Smart Online Spin’ is an in-house terminal based trading platform from Trade Smart Online, a discount stock broker from VNS Finance. The software needs to be downloaded and installed on your computer or laptop before you start using it for trading or investing in the stock market.

Apart from this application, the discount broker provides NEST and Mobile app to its clients in order to perform DIY trading.

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The application, supposedly, comes with features to perform technical and fundamental analysis, backtesting, multiple types of trade execution etc. We will discuss these features at length below so that you can take a judgment as per your preferences.

But before that, let’s talk about the minimum configuration you need in order to have a smooth trading experience while using this software:

Configuration

Operating System

Windows XP, Windows 7, Windows 8 – 32 bit / 64 bit

Processor

Minimum Intel Core 2 Duo

RAM

2 GB (4 GB considered even better)

Screen Size

1024 x 768

With the above-mentioned minimum configuration, you can assume to have a seamless trading experience using Trade Smart Online Spin.

 

Trade Smart Online Spin Features

Let’s look at some of the primary features of this trading application:

  • You are allowed to place orders directly from the charts. For instance, if you are performing your technical analysis using the charts then you can just place the order directly from the graphic being analyzed. Furthermore, you can view, edit or cancel your order from the given charts too.
  • You can place limits using the ‘FastTrade‘ feature which runs in form of a small floating window on top of the charts.
  • The profit or loss on your open positions can be viewed on a real-time basis on the charts itself.
  • If you are somebody who likes to perform technical analysis at an advanced level, then this Spin application provides you
    • 83 technical indicators
    • 10 types of charts such as Ellipse, Rectangle, Trend Line, Speed Lines, Gann Fan, Fibonacci Arcs, Fibonacci Fan, Fibonacci Retracements, Fibonacci Time Zones, Tirone Levels, Quadrant Lines, Raff Regression
    • Pivot levels with S&R (Support and Resistance)
    • Floating Charts

Mobile App

  • You can use built-in pattern detection system with 19 types of such recognition mechanisms such as Double Top, flag, head and shoulders and so on. Furthermore, you can define new patterns by drawing them within the application to go along with the order placement feature as well.

Mobile App

  • The application also provides a provision where you can backtest your trading strategies over historical data of a specific stock, financial class or index. This allows you to validate your current strategy before you actually invest your money in the stock market.

Mobile App

  • There is a possibility that you might want to apply more than 1 strategies on a particular stock for your analysis. In such cases, the application provides a ‘Trend Analyzer‘ feature that checks and validates these strategies and displays results in a graphical representation.

Mobile App

  • The application also offers semi-automated trading (algo trading) feature called ‘InstaTrade‘.
  • If you know how to code your trading strategies (suitable for heavy or experienced) traders, then Trade Smart Online Spin allows you to use a script editor with built-in programming feature.

Mobile App

  • At the same time, if you are a non-programmer, the platform offers a fully developed coding wizard. You are not required to have an understanding of coding to use this feature and is reusable at the same time.
  • Then, you can access some basic features such as market watchlist, multiple order types for execution, built in trading strategies and more.

Trade Smart Online Spin Advantages

Spin is one of the decent trading applications from the discount broker house, Trade smart online. It comes with the following advantages for its clients:

  • The trading application offers multiple types of charts, indicators, option strategies for detailed technical and fundamental analysis.
  • Suitable for intermediate and sub-advanced level traders, the platform allows users to code their own strategies based on the analysis.
  • User guides to access different features are available, especially for beginner level traders. This allows basic users to navigate across features and use the application as per needed.
  • Application speed is pretty reasonable with a consistent internet connection.

Trade Smart Online Spin Disadvantages

There are few limitations or concerns of using this terminal solution from Trade Smart Online as well. Here are those listed:

  • You can trade and invest across specific segments such as Equity, derivatives and currency only. Financial classes such as commodities, mutual funds, IPO are not allowed to be traded using this software.
  • Although there are multiple brokerage plans provided by this discount stock broker, you can use SPIN application only if you have opted for power plan or value plan (read all the brokerage plans under ‘Pricing’ section in Trade Smart Online Review).
  • The Spin application is relatively bulky in size and the configuration mentioned at the top must be religiously followed. If not, the overall trading experience stays compromised.
  • You cannot use NEST and Spin together for trading with a single login credential. One needs to log out of one logged-in application before using the other.

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