Charles Schwab StreetSmart Edge - Short Review

Product Overview: Charles Schwab StreetSmart Edge

Charles Schwab’s StreetSmart Edge is a sophisticated trading platform designed to cater to the needs of active traders, offering a robust set of tools and real-time insights to enhance trading strategies.

Key Features and Functionality

Advanced Trading Tools

StreetSmart Edge is equipped with advanced trading tools that allow users to find and capitalize on trade opportunities efficiently. This includes custom screeners, watchlists, and high/low tools that help in identifying potential trades based on various criteria.

Order Types and Management

The platform introduces innovative order types such as the Walk Limit Order, which dynamically adjusts the limit price to optimize execution within the selected price range. Additionally, Market On Close (MOC) orders can be submitted to execute trades during the market’s closing auction, providing precise control over trade timing.

Charting and Analysis

StreetSmart Edge offers advanced charting capabilities, including a wide range of technical studies and drawing tools. Users can customize charts, edit studies, and change default time frames and colors to suit their analytical needs. The platform also supports streaming quotes, ensuring users have the most current market data before making trading decisions.

Order Verification and Management

The platform features an enhanced Order Verification window that displays associated brackets, color-coded edits, and the ability to accept or decline edits. This streamlines the order entry process and reduces errors. The Change/Close dialog windows also display real-time quotes, further enhancing the trading experience.

Syncing and Integration

StreetSmart Edge allows for seamless syncing of watchlists across different platforms, including Schwab.com and Schwab Mobile applications. This ensures that changes to symbols and titles are consistently updated across all devices.

Education and Support

The platform is supported by a comprehensive educational resource library, including built-in insights, expert commentary, and live-streaming news. Users also have access to a Trade Desk team of trading specialists for platform, product, and strategy support.

Additional Capabilities

• Customization: Users can tailor the platform to their trading style with various customization options, from interfaces to charts and orders.
• Real-Time Insights: The platform provides live market news, streaming quotes, and data-driven analysis to keep traders informed and up-to-date.
• Multi-Product Trading: StreetSmart Edge supports trading in a broad range of products, including stocks, ETFs, options, futures, and forex.
• Mobile and Web Compatibility: While the overview primarily focuses on the desktop version, StreetSmart Edge’s features are also accessible through mobile and web-based platforms, ensuring traders can stay connected to the market from anywhere.

In summary, Charles Schwab’s StreetSmart Edge is a powerful trading platform that combines advanced tools, real-time insights, and seamless integration to help active traders optimize their strategies and execute trades with precision.