There’s an app for pretty much everything these days. Apps to help you lose weight, apps to book your next flight and apps that take up hours of your time as you fling angry birds about the place. Some are more useful than others.
When it comes to trading, money-conscious traders should undoubtedly make the most of the industry apps at their disposal. Whether you’re looking for the latest trading news, want to keep up-to-date with your investments or want to make your next trade, there’s a great selection of apps that can help to make your money go that bit further. With the latest news and analysis at your fingertips, you’re more likely to make gains and less likely to see losses.
While it’s not the cheapest app on the market, Investopedia is well worth the money. The world of trading and finance is filled with enough technical terminology to make your head spin. This app helps you make sense of industry terms you haven’t come across before. From “margin” and “liquidity” to “tranche” and “Bollinger bands” there are terms that even the most seasoned trader will have to look up now and then. Having Investopedia in your pocket can be a real lifesaver in those moments.
Stock Market Simulator by TD Bank
The perfect place to learn the trading ropes without risking your cash, Stock Market Simulator does precisely what its name suggests. First-time investors can invest virtual funds into a regularly updated virtual stock market. Your account will start with $10,000. With this pot, you can test the waters and begin to understand how the stock market works before graduating on to the real thing. You get a chance to learn from your gains and your losses, thus improving your ability to make good decisions in the real-world market.
For an overview of financial news, Yahoo! Finance does an incredible job. With this app, you can take a look at market analysis, track currencies and commodities, and look up stock quotes. You can also sync portfolios and quotes across multiple devices. Push notifications mean you never need to miss out on significant developments, and a well-designed interface makes for a comfortable and instinctive user experience.
Available for both iPhone and Android, Trade Interceptor is excellent for traders who want to manage their investments on the go. The app was designed for mobile but offers the same features as you’d get with desktop trading software. You can trade currency pairs and commodity futures with a range of brokers. You can also practice your trading skills with a demo account and consult amazing analytical charts to boost your trading insight.
The Benzinga app has all the bases covered. Whether you’re a rookie trader or you’ve got years of experience under your belt, the Benzinga app comes with a range of subscription levels suited to whichever stage you’re currently at. The basic app offers up-to-date quotes and trading news. You can also create watch lists of stocks you’re particularly interested in and engage with Benzinga’s strong social network. Benzinga is another excellent one stop shop for all your trading info needs.
The world of trading can sometimes feel overwhelming and difficult to master. With these apps, you don’t have to go it alone. Their insight, analysis, news, and support will help you to make better trading decisions and make better sense of the trading landscape.
Special Thanks to Alana Downer, guest writer on this post
Alana is an experienced blogger whose main interest lie in finances and new technologies. Currently writing for Learn to Trade, Alana might often be found online, sharing her insights into technology trends which shape the way both businesses and individuals function.