This article will look at some of the best apps for stock traders and what they offer. Online trading has become more portable through mobile apps. However, how much you can do with an app depends on the developers and the brokers. Some of the top apps include;
TRADE THE POOL
Trade The Pool app
Unlike most apps that only give you market access, the Trade The Pool app funds stock traders. Therefore, you can manage capital up to $260k, increasing your profit potential.
FUNDING
With the Trade the Pool app, traders can access up to $260,000 in funding. Traders must pick a funding program and complete an evaluation before getting the money. Moreover, you get to keep up to 80% of your profits.
WIDE RANGE OF ASSETS
Tradeable assets
The app gives traders access to 12,000 stocks and ETFs, allowing them to create diversified portfolios. Additionally, they can hold positions overnight and over the weekends. There are no selling restrictions
TECHNICAL ANALYSIS TOOLS
Indicators
The app gives traders access to a wide range of analysis tools that allow them to trade on the go. These include a wide range of indicators and charts.
WATCHLIST
Watchlist
Traders can also create watchlists to follow their favourite stocks. This makes it easier to monitor and get trading opportunities.
WEBULL
The Webull app has several notable features like real-time data, news and analysis tools for traders.
REAL-TIME DATA
Real-time data
The app allows traders to access real-time data that is useful for trading. These include charts, company profiles, financials and market quotes. Data plays a significant role in trading because it can determine the accuracy of a trader’s entries. At the same time, data on charts and companies are essential for technical and fundamental analysis.
CUSTOMISABLE PORTFOLIO
The Webull app allows traders to customise their portfolios for better results. You can create a watchlist and add your holding to monitor price movements. At the same time, you can create alerts for specific stocks, depending on price levels. These alerts will ensure that you don’t miss out on trading opportunities wherever you are.
POWERFUL FINANCIAL TOOLS
Financial tools
The app also offers financial tools for analysis, like charts, indicators and economic calendars. The app has over 50 technical analysis tools and 12 charting tools. The charts are especially great for technical analysis, allowing you to see and interpret price action. Moreover, tools like the economic calendar are great for fundamental analysis as they keep traders updated on the latest market-moving reports.
PAPER TRADING
Paper trading
Finally, the Webull app allows traders to practice trading with virtual money before investing in the real markets. Paper trading helps you improve your skills when you are unsure. It ensures zero risk for beginners and those testing new strategies.
The Webull app has many more features like zero commission, low contract fees and overnight trading.
THINKORSWIM
Another top app for stock trading is the thinkorswim trading app. The app allows traders to access various assets, including stocks. Other notable features include:
CUSTOMER SUPPORT
In-app help assistant
On the thinkorswim mobile app, traders can use support hours to get assistance on any issue. The app also allows you to share your screen with a trading specialist who will help you fix any technical issues. This ensures quick support and a return to regular trading without ever leaving the app.
PAPER TRADING
Paper trading
The app also allows traders to trade with virtual money as they test new strategies. This is a great feature for beginners as it gives them room to practice risk-free before diving into the real markets. Moreover, it gives them a feel for the app and its trading features before using them with real money.
TRADE MANAGEMENT
The app allows you to place orders and modify and add conditions. This means you can easily manage your trades with just the mobile app. It also allows you to check account balances on all your accounts.
EDUCATIONAL RESOURCES
The thinkorswim app has an expanding library of educational videos that help traders build their skills. Growth as a trader plays a massive role in your performance. Constant education allows you to expand how you interpret the market. It also helps you improve your risk management and learn new trading ideas.
TECHNICAL AND FUNDAMENTAL TRADING TOOLS
The app has advanced charting tools that are necessary for technical analysis. These include charts and indicators. Moreover, traders can sync their chart drawings and analysis with the thinkorswim platform.
Trader TV
On the fundamental side, the app has a trader TV that allows traders to access the latest news and insights. Here, traders can monitor major reports like earnings. This ensures you anticipate market volatility and decide whether to enter the market or stay on the sidelines. Additionally, these news reports help traders to analyse likely future market trends.
TRADINGVIEW
The last major stock trading app is TradingView. This is one of the most social networks for traders as it allows them to post their analysis and interact with each other. The app is excellent for beginners and experienced traders and offers real-time data for analysis.
ADVANCED CHARTING TOOLS
The TradingView app has some of the most advanced technical analysis charting tools. It offers over 10 types of very high-quality charts that allow traders to analyse the market from every angle. Other tools include indicators, drawing tools, and strategies.
GLOBAL FINANCE NEWS
Global news
Another great feature of the app is its global finance news. Traders who focus on fundamental analysis can access news on various stocks that help them in decision-making. At the same time, technical analysis traders can anticipate increased volatility from these news reports.
SOCIAL NETWORK
Social network
One unique feature of the TradingView app is its social network for traders. The app connects traders from across the world who share trading ideas. This allows you to network and access varied trading ideas. On the app, you can go through the editor’s picks and get new trading ideas. You can also create your posts.
TRADING ALERTS
Trading alerts
Finally, the app allows you to create instant alerts. This ensures that traders never miss an opportunity to trade.
WHAT TO CONSIDER
Before deciding on the best app for stock trading, it is essential to know the features to look for. Most brokers have created mobile apps to facilitate online trading. However, to pick the best app, traders must focus on the following:
- Security features like two-factor authentication ensure that you are the only one who can access your account.
- Mobile alerts notify traders when a stock’s price reaches a certain level. This reduces the amount of time spent monitoring charts. Moreover, it ensures you don’t miss any trades.
- A user-friendly interface allows both new and experienced traders to trade with ease.
- Paper trading allows traders to test strategies before entering the real market.
- Customer support to deal with any technical issues while trading with the app.
- A wide range of tradable assets ensures a diversified portfolio.
- Real-time market data ensures traders catch shifts in market trends and get accurate data.
- Education allows traders to continue growing their skills.
- Low fees allow traders to retain most of their profits.
- Technical and fundamental analysis tools for better decision-making
- A journal that keeps records of all trades, allowing traders to analyse their performance.
Although an app might not contain all these features, the more they have, the better.
CONCLUSION
The best stock trading should have some features that enhance your trading experience. Therefore, it is important to know these features before picking an app for trading. Join FTMO or TradeThePool and get funding to increase your profit potential.
