Published on January 25th, 2016 | by James D. Burbank0
Top Smartphone Apps for Stock Market Traders
The stock market is such a volatile place that traders need to stay in touch with everything that is going on no matter where they are or what they are doing. Years ago, this was impossible as one had to be either present physically at the exchange or have a direct phone line with their broker. Today, with the advancements in technology, stock market traders can use different apps to do their trading on the go, just as if they were at their computer or at the exchange. The following apps are the best the world has to offer.
Investopedia is easiest described as Wikipedia of trading and as such, it is a vital website for all novice traders who are only starting to get their feet wet, so to say. Investopedia also features an app that you can download for your phone and which provides more trading theory than you will find anywhere else. It also features analyses and strategies that traders can use to improve their trading.
E-TRADE is an online stock brokerage for individual investors who can buy and sell a number of securities such as options, mutual funds, bonds or exchange-traded funds. It caters to other types of traders as well and it has an app which traders can use to do their investing on the go. The app can also be used to view educational videos, keep in touch with the market and so much more.
The Wall Street Journal app is the last step in the journey that began in the 19th century when the first issue of The Wall Street Journal came out. Today, the app provides its users with everything that WSJ always stood for – the latest in the world of stock market and trading. While the app itself is free to download, you are still going to need a subscription to read the news.
GainLoss is a fantastic app when you need to quickly calculate a value of a stock and the profits that you can potentially make by buying or selling it. It may not be as precise as some bulkier and more comprehensive solutions, but it is still a great way to start thiniking about purchasing a stock of some kind.
If you are interested in what other traders think and do, there is no better app to download than StockTwits. It is something of a social network where investors and traders share their experiences and strategies with other people. It can be somewhat difficult to decide which information is truly useful for you as an individual trader, but one thing is for sure, if it is user-generated and has to do with traders, you will find it there.
If you are looking for more from your fellow traders, Scutify is another stock trading meeting place where people will talk about their practices on a number of markets. It is also a great place for day traders as it has plenty of users who do this type of trading. Timothy Sykes, for instance, recommends this particular app.