Access to reliable and accurate data is important when making stock market investments. MarketXLS is an Excel add-in providing tools for stock research that can assist investors in analyzing data and making decisions about the stock market.
Founded with the goal of providing investors with a powerful and easy-to-use stock research tool, MarketXLS has partnered with a number of major financial institutions and media outlets. But with so many stock scanning tools and options available, it’s natural to ask not only: Is MarketXLS legit? But more so, is MarketXLS worth it? In this article, we will explore the platform and its features to help you decide if MarketXLS is the right choice for you.
Learn More About MarketXLS
MarketXLS is a platform that provides traders with the tools to analyze data in the stock market. The platform is designed to be easy-to-use and provides powerful Excel-compatible spreadsheets that make complex data into an easy-to-read format. MarketXLS’s comprehensive library of technical indicators and preloaded functions makes it a go-to resource for traders who rely on technical analysis in their trading strategy.
MarketXLS is a legitimate platform that has received positive feedback from its users. According to reviews, the software is not only powerful but user-friendly, making it an excellent resource for both beginners and pros. The application has a massive user base that includes Ph.D. researchers, professional CFAs, and retail traders.
Features of MarketXLS
MarketXLS provides a range of features to help investors in the stock market. These features comprise a stock scanning tool with criteria like price range and sector, technical analysis tools such as MACD, Bollinger Bands and Parabolic SAR, fundamental analysis tools such as financial ratios and news channels from reliable sources like Bloomberg as well as independent analysts. Customers can customize their starter sheets using templates or create their own strategies from scratch.
One of the standout features of MarketXLS is its preloaded functions, which include over 400 technical indicators. These formulas range from simple moving averages to sophisticated metrics like Hilbert Transformations and momentum indicators. The massive library of technical indicators is sure to impress anyone who relies heavily on technical analysis.
In addition to its preloaded functions, MarketXLS also provides external data gathering capabilities, automatically pulling new market data from Yahoo Finance and incorporating it into the spreadsheet. This feature eliminates the need to open up Yahoo Finance every time you want to check a stock quote. Instead, you can type the ticker symbol into the MarketXLS spreadsheet, and it will automatically pull the latest values from Yahoo.
MarketXLS’s comprehensive library of functions and technical indicators makes it easy to analyze data and translate it into actionable intelligence. For example, the software can automatically recognize patterns and translate them into relevant indicators. It also includes various pre-built templates that organize data into an easy-to-read format, making it a valuable tool for traders of any level to invest in.
Is MarketXLS worth it?
Ultimately, every investor needs to decide for themselves if MarketXLS is worth their money. With its wide range of features, easy-to-use interface and reliable data sources, it may be a great choice for those looking to get more out of their investments. There is no question you will have all the tools and information necessary with MarketXLS to assist in your decision making, but it’s important to remember the interpretation of the information and ability to trade profitably with those interpretations, is ultimately what will determine just how valuable the tool can be.
Also, we wouldn’t recommend this tool to someone who is a complete beginner with Excel or Google sheets.
MarketXLS offers three subscription plans for investors to choose from: Standard, Advanced, and Premium. The Standard plan offers fifteen-minute delayed data for stocks, ETFs, options, mutual funds, and forex, as well as end-of-day data for options, mutual funds, indices, and economic indicators. It also includes portfolio analytics functions and templates, a web-based stock screener, and MarketXLS stock ranks.
The Advanced plan includes all the features of the Standard plan, plus real-time streaming data for stocks, ETFs, options, and forex, real-time option tracking, real-time Greeks, and access to dividend history.
And lastly, the Premium plan includes all the features of the Advanced plan, plus personalized VIP support, access to historical fundamental data, key statistics/ratios, financial statements, options strategy templates, options historical data (including expired contracts), and AI-driven function search. Additional data can be purchased for any of the plans.
Final Thoughts – Is MarketXLS Legit?
We believe that MarketXLS is absolutely a legitimate platform that offers powerful data analytics tools for investors looking to analyze stocks on the markets. From its extensive range of features including stock screeners, technical analysis indicators and proprietary news channels – through to its customizable templates that provide users with an easy way to start building their own investment research strategies – it’s clear that this powerful add-in offers plenty of value for money.
With its Risk-Free Guarantee ensuring customer satisfaction – we believe that those looking for an efficient way to manage their investments should consider giving MarketXLS a try. Click here to get started with MarketXLS today!