If you wish to enhance your buying and selling efficiency, you’ll have to put money into the fitting instruments. Commerce Concepts is one potential device, a premium buying and selling platform that encompasses a wider vary of performance than many competing platforms. On this Commerce Concepts assessment, we’ll take a look at the professionals and cons of Commerce Concepts and see whether or not this premium platform is definitely worth the worth.
Execs
Spectacular AI Commerce Assistant
Wonderful Inventory Scanning and Alerts
Cons
Solely US Inventory & ETF Protection
What Does Commerce Concepts Provide?
At its core, Commerce Concepts is a inventory scanner and technical evaluation device. However with the wealth of extra options provided, it actually acts as a complete buying and selling platform. With Commerce Concepts, customers can go from thought origination to commerce execution, multi functional place.
On this Commerce Concepts assessment, we’ll first cowl the three primary areas through which Commerce Concepts can serve merchants. Then, we’ll take a look at the superior options that set Commerce Concepts aside.
Inventory Scanning
The Commerce Concepts inventory scanner is without doubt one of the strongest elements of the platform. The scanner is extremely configurable and updates in real-time to maintain up with the tempo of stay buying and selling.
This ensures you don’t should spend time continually rerunning scans, liberating you up for extra sophisticated evaluation. The scanner comes with loads of preset filters however can be extremely customizable; you’ll be able to scan primarily based on worth motion, quantity, chart sample, change, order circulation, and extra.
Sadly, nevertheless, the Commerce Concepts “inventory scanner” is actually only a inventory scanner. You may solely analysis and commerce shares and ETFs on the platform, and never any of the extra devices merchants is likely to be keen on, like currencies, crypto, or futures. Furthermore, solely U.S. equities can be found; the platform doesn’t enable you entry to worldwide markets.
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Charting
No technical evaluation platform could be full with out charting capabilities. Commerce Concepts affords all of the charting you’ll anticipate in a well-rounded technical evaluation answer.
Merchants can use primary worth charts, candlestick charts, and superior tick charts, which include essentially the most information. These charts could be scaled throughout time frames, from one minute to month-to-month. Lastly, Commerce Concepts options all kinds of pre-built indicators and patterns, in addition to the power to manually markup charts.
Coaching and Schooling
The final main space that highlights the fundamental performance of Commerce Concepts is the platform’s coaching and academic choices. Buying and selling generally is a tough ability to be taught, with a number of advanced terminology and ideas. Commerce Concepts does a superb job of creating that course of simpler for burgeoning merchants.
The platform encompasses a strong consumer information, a number of video playlists, free every day help periods, and a free buying and selling room with an skilled dealer streaming stay. Whereas these coaching and academic assets received’t add worth for all customers, inexperienced merchants ought to discover a lot to be taught right here.
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Commerce Concepts Superior Options
What we’ve coated up to now are simply the fundamental options of Commerce Concepts. In actuality, charting, scanning, and training functionalities are pretty commonplace amongst buying and selling platforms. It’s the superior options, together with some very spectacular AI instruments, that make Commerce Concepts stand out.
Synthetic Intelligence
Commerce Concepts was on the forefront of leveraging AI expertise to enhance buying and selling efficiency, having launched its personal AI named “Holly” again in 2016. Since that point, they declare, Holly has constantly outperformed market benchmarks.
There are a number of iterations of Holly in the present day as Commerce Concepts has improved the expertise, together with “Holly Neo,” “Holly Grail,” and “Holly 2.0.” In contrast to different platforms, these AI instruments aren’t simply performing computerized sample recognition. As a substitute, they’re fully-fledged buying and selling assistants, recommending entry factors, danger limits, and exit factors.
Holly comes with about 60 built-in methods that it optimizes every evening with a backtest. In response to Commerce Concepts, Holly will advocate about 5 to 25 trades a day, with no positions held in a single day. In our view, Holly is essentially the most highly effective a part of the entire platform and one of many most important causes merchants ought to think about using Commerce Concepts.
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Streaming Alerts
On the again of Commerce Concepts’ scanning performance, the platform has constructed out an alert system that may assist guarantee merchants don’t miss any of their preferrred setups. As we talked about earlier than, the scanners on Commerce Concepts aren’t simply one-and-done; as a substitute, they replace in real-time because the market modifications.
The scanners could be mixed to offer almost limitless alert customization, and there’s no restrict to the variety of alert home windows you’ll be able to create. As well as, Commerce Concepts affords sound callouts when an alert is triggered, an environment friendly strategy to be notified that a possibility has introduced itself.
With many platforms, merchants might need to decide on between on the lookout for new alternatives and analyzing current alternatives. This isn’t the case with Commerce Concepts.
Direct Commerce Execution
One other wonderful characteristic of Commerce Concepts is the platform’s built-in commerce execution. Most evaluation instruments require you to make use of your dealer’s interface to put trades, which might create a large time hole between figuring out alternatives and capitalizing on them. In contrast to these options, Commerce Concepts affords buying and selling via a system they name “Brokerage Plus.”
Brokerage Plus permits you to place trades and monitor your present positions straight on Commerce Concepts. Nonetheless, it needs to be famous that you just’ll have to hyperlink a brokerage account to Commerce Concepts to do that, and never all brokers take part. Among the extra widespread ones that do embrace Interactive Brokers, E*TRADE, and Thinkorswim.
Commerce Concepts additionally stands out for the buying and selling flexibility they provide. Customers can place one-click trades straight via scanners or charts, considerably dashing up execution time. Furthermore, you’ll be able to create an automatic buying and selling system primarily based by yourself buying and selling methods or the suggestions of the Holly AI.
The main downside to executing on Commerce Concepts is that you’re solely in a position to commerce U.S. shares and ETFs. In case your methods depend on worldwide shares or another asset class, Commerce Concepts is probably not the fitting match for you.
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Simulated Buying and selling & Backtesting
The simulated buying and selling performance of Commerce Concepts is simply as spectacular as its actual buying and selling performance. Commerce Concepts options paper buying and selling accounts that allow customers prepare underneath actual market circumstances with out placing any cash at stake.
As well as, Commerce Concepts permits you to check your buying and selling methods traditionally with a proprietary backtesting system they name “OddsMaker.” OddsMaker is extra thorough than most backtesting packages, that includes the power to regulate your beginning fairness, shopping for energy, brokerage commissions, and extra. Whereas no backtesting program can really replicate stay buying and selling efficiency, OddsMaker comes shut.
When you run the backtesting program, you’ll be able to examine the information to enhance your methods. Commerce Concepts affords detailed revenue and loss data straight on the platform, in addition to the power to export the information for extra thorough evaluation.
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How Does Commerce Concepts Work?
Getting began with Commerce Concepts isn’t fairly so simple as it’s with different buying and selling platforms. One motive is that Commerce Concepts doesn’t supply a free trial, so it’s tough to get to know the platform earlier than committing to a subscription. Nonetheless, Commerce Concepts does have what they name a “Check Drive” occasion every quarter, the place potential customers get just a few weeks of entry to the platform for a small price.
The one part of the platform free customers can entry is a collection of market dashboards. Whereas these is likely to be informative for some customers, a greater methodology of understanding the platform previous to paying is thru the wide selection of movies and guides that Commerce Concepts publishes.
In case you do enroll, there are a number of methods to make use of the platform in follow. Merchants can obtain a desktop model of the platform, though it’ll solely work on Home windows computer systems. In case you’re a Mac or Linux consumer, or should you simply favor to not obtain something, you should use a web-based model of Commerce Concepts as properly. Observe that there is no such thing as a cellular app obtainable for Commerce Concepts.
Lastly, should you resolve Commerce Concepts is just not best for you, canceling could be carried out straight via the account administration web page. In case you run into bother, Commerce Concepts says you’ll be able to contact [email protected] for help. Keep in mind that Commerce Concepts doesn’t supply refunds for unused subscriptions, which is necessary to know should you plan on buying an annual subscription.
Plans and Pricing
One other necessary side we have to cowl in our Commerce Concepts assessment is the pricing plan. Commerce Concepts affords two most important tiers, which could be bought both month-to-month or yearly (for a considerable low cost). There isn’t a free trial for Commerce Concepts, however you’ll be able to make the most of the quarterly “Check Drive” of its platform for a small price. Pricing particulars for the 2 tiers are summarized under.
| Commonplace Plan | $118 | $999 |
| Premium Plan | $228 | $1,999 |
Whereas the Commonplace plan has a reasonably strong characteristic set, there are some notable exclusions – just like the Holly AI, which is simply accessible within the Premium plan. An summary of the characteristic variations between the 2 plans could be discovered under.
| Commonplace Plan | Premium Plan | |
|---|---|---|
| Backtesting | No | Sure |
| Sample Recognition | No | Sure |
| Charts | 10 | 20 |
| Good Threat Ranges | No | Sure |
| AI Commerce Assistant | No | Sure |
As you’ll be able to see, there are important variations between the Commonplace and Premium plans. Each tiers characteristic charting, patterns, scanning, alerts, and extra. Nonetheless, the few variations that do exist are fairly necessary. Most notably, backtesting, automated sample recognition, and AI performance are lacking from the Commonplace plan.
These are among the key options that make Commerce Concepts such a strong device. Due to this fact, if merchants resolve to make use of the platform, they’re doubtless going to be greatest served by going with the Premium plan, even whether it is considerably costlier.
There are just too many cheaper, aggressive options available on the market to justify choosing the Commonplace plan. Finally, deciding whether or not or not Commerce Concepts is price it is dependent upon your distinctive buying and selling fashion and preferences. Within the subsequent part, we’ll supply some steering that will help you make your resolution.
Is Commerce Concepts Value It?
Commerce Concepts is a complete, premium buying and selling platform. That doesn’t come low cost: the plans are very costly in comparison with different options you could possibly use. However in terms of buying and selling, it’s necessary to weigh the value tag of the device with the potential for improved income. In different phrases, the most effective instruments pay for themselves.
To know if Commerce Concepts is price it, we’ll take a look at the 2 subscription tiers individually. Whereas the Premium tier unlocks only a few additional options, these options are essential and make Commerce Concepts a way more highly effective device.
Commonplace Plan
Finally, the Commerce Concepts Commonplace plan is unlikely to be price it for many merchants. At its least expensive ($84/month yearly), the plan is way costlier than a competitor like TradingView (learn our assessment of TradingView).
Even when put next with a competitor like TrendSpider, which is costlier than TradingView, the Commonplace plan supplies questionable worth. For the same worth, customers can get a superior tier on TrendSpider. In case you’d wish to be taught extra about that platform, we even have a assessment of TrendSpider.
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Commerce Concepts definitely has sturdy primary performance, significantly when it comes to scanning. However this primary performance merely isn’t definitely worth the excessive worth merchants pays for a complicated platform.
Premium Plan
The Premium tier unlocks entry to computerized sample detection, backtesting, and, most significantly, the AI buying and selling assistant. Whereas the AI assistant received’t be proper for each single dealer, suggestions from many merchants on-line signifies that the Holly AI has helped their buying and selling tremendously.
Due to this fact, the Commerce Concepts Premium plan is probably going price it – with one caveat. The instruments we’re highlighting are very specialised and designed for knowledgeable merchants. In reality, should you check out the Commerce Concepts consumer interface, it looks like one thing you’d see on Wall Road.
In case you’re an skilled dealer who believes that the superior instruments on Commerce Concepts will make an considerable contribution to bettering your income, we encourage you to make use of one of many quarterly Check Drives to check out the platform. For inexperienced merchants who’re nonetheless mastering the fundamentals, although, Commerce Concepts might be not the fitting platform for you.
Verdict
We hope our Commerce Concepts Evaluation supplied you with the insights wanted to find out if this buying and selling platform aligns together with your funding methods and objectives. Commerce Concepts is a platform with very sturdy performance whose specialty options set it aside from the competitors. It might probably function a complete buying and selling platform for a lot of U.S. inventory merchants, taking customers from alternative discovery to commerce execution. Nonetheless, since Commerce Concepts doesn’t supply worldwide shares or different asset lessons, merchants working in different markets ought to look elsewhere.
The platform’s inventory scanning perform, mixed with a real-time alert system, is without doubt one of the greatest available on the market. Whereas its charting could depart one thing to be desired, the overwhelming majority of merchants will probably be properly suited by its computerized sample detection system. The wealth of instructional content material can be wonderful.
Commerce Concepts’ AI expertise, which is a market chief, continues to be the characteristic that may draw most merchants in. “Holly,” because the AI is thought, can present commerce suggestions primarily based on 60 pre-built methods. If it is advisable to check out any methods, together with AI-generated ones, Commerce Concepts affords simulated buying and selling and backtesting.
However all these constructive attributes don’t advantage an unconditional suggestion. Commerce Concepts is dear, particularly for the Premium tier, through which the strongest performance is unlocked. For a lot of new merchants, who will solely have the ability to leverage primary options anyway, cheaper platforms could be higher. In case you’re a complicated consumer, nevertheless, Commerce Concepts might show you how to take your buying and selling to the following stage.