In this comprehensive review, we will discuss the popular charting platform TC2000. It is a powerful platform and stock screener for traders and investors made by Worden Brothers inc. It offers a strong suite of tools from charting to technical analysis tools, scanners, and price alerts.
TC2000 has become a big part of my trading arsenal. As a technical trader, robust charts are very important to me, and furthermore, explaining my trades over our live stream requires a top notch charting program which will allow me to easily plot markers, lines, and data to clearly explain the setups we are playing in our day trading chat room.
This platform is stacked with lots of great features and makes for a very pleasant user experience.
TC2000 offers a beautiful layout of very nice looking, fully customizable charts and a easy to use interface.
Below we will outline the key features of this platform and how it can benefit you as a trader or investor.
TC2000 Charting Indicators
They have virtually every indicator you could imagine and a collapsible toolbar on the right side of the chart which you can use to plot lines, draw, or even write notes on the charts with.
Auto-Saving Plots and Markers
One thing I love about this program is that is auto-saves all the plots and markers you put on your charts, so if 3 months ago I was trading a stock and had marked some important daily chart support and resistance lines, when that stock comes back into play down the road, when I pull the chart up I will already know where to look for support and resistance from the previous days. Very nice feature.
This is one of my favorite features for busy days where I have more than 8 stocks on my watch-list, I will go over the areas I want to buy/sell/short stocks with our group in the morning and set price alerts with TC2000 so we can be notified when a stock gets near our defined entry points.
Creating Watch-Lists with TC2000
You can easily create personal watch-lists using the TC2000 platform which is another great feature to help you keep track of everything in one place.
You can sort watch-lists by technical indicators, fundamental data and your custom criteria.
Saving Multiple Layouts
This program has pre-built layouts which are a great starting point for building your own custom layout. They allow the ability to save multiple layouts which you can easily flip through via the tabs at the bottom of the main window.
You get access 8 pre-built layouts including Trading, Options, TC Classic, "Drill-Down", Sector by Year, 1-Chart, 4-Time-frame charts, and Fundamentals.
In many cases, I've been saved by their "layout history" feature which periodically saves your current layout in case you accidentally close the platform or lose it and need to recover it!
Creating Price Alerts with TC2000
I love how easy they made this feature, its a simple right click on the chart at the price you want to be alerted, and select "Create Price Alert"
It takes about 2 seconds and you can choose whether you would like to be notified by an audible sound, or even by email.
This is a very nice and smooth function that I use daily for the stocks that aren't on the top of my watch-list.
You can monitor up to 100 alerts on price, indicators and trend-lines.
The scanner tool is robust and easy to use. You can create your own custom scans easily, with thousands of pre-built scans to choose from right out of the box. The platform also includes a built in pre-market scanner to show the top gaining stocks each morning. There are endless possibilities of how you can customize the scanner to screen for the stocks that meet your criteria.
Paper Trading Simulator
TC2000 also offers a paper trading simulator built right into the platform which I personally have not tried out, but a few of our trading group members use this to follow our trades and learn with, which I highly recommend doing before going into a live market environment with real cash.
Charts for Options Traders
One of the main benefits of TC2000 in comparison to another great charting platform such as Trading View, is that TC2000 offers options charts. You can choose to overlay the options contracts price over the underlying stock or assets chart so you can follow the options charts in real time, as well as do technical analysis on the options chart. This is why we believe TC2000 is the best charting program for options traders.
TC2000 Plans and Pricing
The prices are very reasonable for this platform, I would recommend their Gold package which is only $29.00 per month + $15.00 for real-time data - That will get you up and running with the charts, scans, and if you are just learning to trade, you can use the paper trading simulator built right into the platform and follow along with our day trading chat room and live stream to learn in real time. Visit TC2000's website to learn more about their products, and to view their other pricing options.
Is TC2000 worth the cost?
The pricing is very competitive with TC2000. Their gold package is only $29.99 per month which is very good for professional trading software. However, they have plans that go as high as $89.99 for the platinum version, but for most users basic needs, the gold package will be of great value.
Can I try TC2000 platform for Free?
You can try TC2000 for free! All you need to do is download the free platform via this link to try it out. If you choose to become a subscriber of TC2000, simply select a plan on the platform and a $25 discount will be automatically applied to your account.
Customer Support for TC2000
Have questions about TC2000? I've only scratched the surface in this post covering their basic features. They have great customer service if you contact them via their website, and they have a very useful discussion forum where the developers and users can help you build scans and reveal in depth the power behind this platform and what you can do with it.
P.S. - Get started with a free day trading video lesson below!