Market intelligence a fundamental aspect of successful trading and in this MarketXLS review we’ll break down this service in detail and tell you if it lives up to its reputation.
Detailed data can make all the difference, but it’s often hard to pinpoint what’s relevant when there is so much information available.
MarketXLS is a stock research tool that aims to solve that problem. In this MarketXLS review,
MarketXLS Review: What is MarketXLS?
MarketXLS is a stock research tool that puts sophisticated market intelligence techniques into the hands of ordinary traders.
The system provides powerful Excel-compatible spreadsheets that organize complex data into an easy-to-read format.
The MarketXLS system is a game-changer for serious traders. In fact, the company promotes itself as the “#1 Excel-based Investment Research Solution for Serious Investors.”
MarketXLS understands the needs of their audience, and it’s evident in the way they build their resources.
Investing involves dozens of calculations. Some are simple, but most are complex formulas. Graphs and charts provide useful visual representations of information, but sometimes they don’t accurately reflect the real implication of the underlying data.
You often gain better insights by directly analyzing the data. However, it’s a tedious task if the data isn’t organized.
Spreadsheets are handy for this particular task because you can program the cells to automatically perform complex calculations.
Best of all, the formulas automatically update whenever you change the inputs, so changes to the data are reflected in realtime.
These powerful features make spreadsheet software well-suited for financial analysis. They can quickly sort through complex data and translate it into actionable intelligence.
If your trading strategy relies heavily on technical analysis, you will most likely find these capabilities extremely useful.
MarketXLS Review: How Does Market XLS Work?
MarketXLS primarily functions as an extension tool that translates data into spreadsheet format.
The extension is designed mainly to work on a Windows computer using Excel. However, they also offer a Google Sheets app for users who don’t use Windows or prefer working with Google’s suite of apps.
The MarketXLS installs directly into your Excel program as an extension.
Once you setup the software, you’ll notice the MarketXLS tab in your Excel interface. From this tab, you can navigate settings and change them to fit your preferences.
Moreover, the interface is identical to Microsoft Office. As a result, most users have no problem navigating the menus.
MarketXLS Review: Preloaded Functions
MarketXLS has over 400 preloaded functions and technical indicators). The preloaded formulas include simple options like moving averages and MACD, but they also have advanced computations like Hilbert Transformations and sophisticated momentum indicators.
Consequently, MarketXLS’s massive library of technical indicators is sure to impress you if you’re a proponent of technical analysis.
MarketXLS Review: External Data Gathering
The MarketXLS extension is multi-threaded, so it automatically gathers data from external sources. The software pulls new market data from Yahoo Finance and incorporates it into the spreadsheet.
Instead of opening up YF every time you want to check a stock quote, you can type the ticker symbol into the MarketXLS spreadsheet, and it will automatically pull the latest values from Yahoo.
MarketXLS Review: Features
In short, there are MarketXLS top features:
- Technical Indicators
- Portfolio Management
- Templates and Models
- Add-on capacities
MarketXLS can generate charts based on the underlying data inputs, and it also offers a variety of useful templates.
It comes preloaded with several chart templates, including line, bar, candlestick, and more. Users can also customize the charts to display whatever technical indicators they choose.
The charts are relatively simple, but they’re useful for quick visual reference.
MarketXLS includes 120 technical indicators ranging from simple moving averages to obscure sophisticated metrics.
These powerful statistical options can save you hours of manual analysis. In addition, the software can automatically recognize patterns and translate them into relevant indicators.
MarketXLS’s can sift through nearly 10 years of historical data, including market statistics and company financial reports.
Users can customize the screener setting directly from the editor, so it’s incredibly convenient and functional. Best of all, the program can automatically generate screening reports based on the results.
Portfolio Management Tools
Users can import their portfolio data into MarketXLS and use the platform to monitor their financial holdings.
Available reports include detailed breakdowns of performance, allocations, returns, and risk profiles. There are also features to help you calculate taxes, commissions, and more.
Templates and Models
MarketXLS includes various pre-built templates that organize data into an easy-to-read format. These models are also excellent at turning complex data points into manageable points of reference.
MarketXLS Review: Cost and Value
MarketXLS is reasonably priced compared to other data services. In addition to the main service, MarketXLS offers two tiers of premium service with varying price points:
- Pro: $340 per year
- Plus: $460 per year
- Plus RT: $780
Your subscription includes all the features mentioned above, plus social media integration, 24/7 customer support, and more.
The premium plans also include bonus functions and features like realtime options and equity data, streaming technical indicators, an options strategy calculator, and more.
MarketXLS: Word on the Street
MarketXLS gets good marks from veteran traders, but it also performs well for beginners. The application has an extensive user base that includes Ph.D. researchers, professional CFAs, and retail traders.
MarketXLS’s legions of satisfied users praise its powerful technical analysis tools and intuitive features.
In addition, many users report achieving excellent results with the MarketXLS and say it significantly improved their abilities to pick winning investments. MarketXLS is powerful enough for the pros, but it’s also simple enough for novices as we try to point out in this MarketXLS review.
MarketXLS Money-Back Satisfaction Guarantee
If you’re unsure about MarketXLS, their air-tight satisfaction guarantee should provide some peace of mind.
MarketXLS is so convinced you’ll love their product that they offer a risk-free refund period with every subscription.
If you are not satisfied with MarketXLS for any reason, you can contact support within 30 days to get a pro-rated refund; no questions asked.
In conclusion, here are some of the highlights of the platform:
- Extraordinarily flexible. Integrates easily with other platforms.
- Hundreds of functions and indicators
- Realtime stock analysis capabilities.
- Pairs easily with most brokerage accounts.
- Intuitive chart functions.
- Stable API is flexible.
- Works with Excel and Google Sheets.
- 30-Day Risk-Free Guarantee
- Excellent customer support.
Is MarketXLS Right for Me?
You will probably enjoy using MarketXLS if you identify with any of the following categories:
- Technical Analysis Traders
- Day Traders
- Swing Traders
- Data-Bases Analysts
- Quant-Based Traders
- Professional Analysts and Traders
- Busy Retail Investors
MarketXLS Review: Conclusions
To sum up, our MarketXLS rates this extension is a total winner. It’s an excellent resource for both beginners and pros.
Plus, it easily integrates with popular software like Excel and Google Sheets.
MarketXLS makes organizing your data easy, so you save time on research and identify more winning trades.
The software makes it incredibly easy to spot trade opportunities, so you’ll be on your way to making winning trades in no time.
Best of all, it integrates with any brokerage platform, and it’s incredibly user-friendly.
Most importantly, this app is an excellent value and the risk-free guarantee protects you from buyer’s remore.