As a beginner in stock trading, it is natural for you to be anxious about your first investment. The scenario was much scarier two decades back. Today, you have a plethora of tools at your disposal. Using these tools, you can gain valuable insights into the current state of the stock market and possible lucrative investment opportunities. This way, you can fine-tune your trading skills to reach your desired goals. Here are ten excellent trading apps that you can use to advance your investing journey.
For those who just want to chip in daily and not overthink about the investments, Acorns is the ideal app! Just link your credit/debit card with it and allow the app to round up all transactions to the next amount. Acorn will enable you to automatically invest funds in any one of the five well-arranged ETF portfolios.
This app gained prominence for digital investment tools that manage, track and optimize portfolios. Just sign up, opt for the risk profile inquiry, verify a customized investment plan and start to finance the account.
With Vault, you can open Roth IRA, SEP IRA and IRA account for investments. SEP is a specific form of IRA that is meant for the self-employed individuals. Regardless of the IRA you opt for, this app enables you to invest depending on a selected amount of your earnings.
- Motif Explorer
Want to look into world events and stock trends that could help you think about future investment scopes? Then count on Motif Explorer! You can then create motifs or portfolios depending on related stocks.
Stockpile provides a distinctive way to sell and buy your penny stocks. Go ahead and purchase fractional shares of any company through this app.
This app enables the investors to trade their stocks with zero commission charges. The app was launched in 2014 with the aim to draw in young traders.
Stash comprises of educational material personalized as per your investment goals. This app helps you to select between the value-oriented portfolios that concentrate on various investing themes and creating your own portfolio. The “Auto-Stash” option helps in recurring investments.
Another learning app, TradeHero enables the investors to carry on trading in a secure environment. The app is focused on real-time data, and it is suitable for users who are willing to test new trading strategies or hone their skills without worrying about any risk.
With Benzinga, investors have access to an app that provides instant access to auto-updated stock quotes. This app is perfect for people who want instant, accurate data and breaking news on the stock market. If you love social media, this is your trading app.
- TD Ameritrade
This app concentrates on the fundamental aspects of investing including streaming quotes, amount transfers, trading through mobile, market research and the like. Snapstock is a distinctive feature that enables users to barcode or picture an item to find out details about it.
Trading comes with an appeal of its own! Unlike the yesteryears, people do not have to get in touch a stockbroker and shell out a costly fee to get guided in the process. Technology has made trading easy for beginners as well. If you are a novice in the field of trading, here are the ten best trading apps you can rely on.