There’s no shortage of ways to make money from home, and with technology leading us into the future, trading is now one of them. Even if you aren’t interested in becoming a trader full time, it’s a relatively easy to way to supplement a work from home income without having to go anywhere.
Trading apps keep things easy, and everyone can get in on the game.
Trading App 1: Bloomberg
Every great choice starts with knowledge. The free version of the Bloomberg app will help you get all of that knowledge at a quick glance. Bloomberg showcases worldwide markets, so everyone who invests anywhere can use it.
Whenever there’s up and coming news that may affect the market, the app prominently features that story so you can easily weigh pros and cons before you make your next move. You can use it alone, or in conjunction with Bloomberg’s Markets Plus app or Businessweek app.
Trading App 2: Top Stocks
Top Stocks has both a free and a paid version, and if you’re only lightly dabbling with trading, the free version will probably offer all of the features you need to get started. This app compiles lists of the top opportunities and shows forecasts for growth potential.
Whenever something noteworthy happens with a prominent stock, you get an alert. Think of Top Stocks as a brief glance at the best of the best, which is perfect for traders who don’t want to take many risks.
Trading App 3: FuturesLive
FuturesLive is a unique app – it’s more focused on commodity trading than anything else. If you’re interested in commodity trading, you’ll find that apps like these are few and far between.
It’s an inexpensive app that measures the futures of all of the most popular commodities, allowing you to invest wisely based on their forecasts.
Trading App 4: Stock Guru Pro
This app is definitely expensive as far as app costs go, but you’re paying for a ton of features. It tracks 7,000 stocks, and allows you to create a customized watch list of the stocks you’re most interested in.
You’ll get quick stats on the financial strength, valuation, momentum, and most importantly the risk on each stock. These stats are like little crystal balls that can enlighten you about your financial future before you make an investment.
Trading App 5: From Investopedia
This is an unofficial app that catalogues all of the learning tools featured on Investopedia’s site. It’s more or less a tool-filled encyclopedia of trading and investment. You’ll learn all of the nuanced terms, as well as how to make predictions about what will happen next based on previous patterns.
It can even help you with taxes on your trades and investments. Up and coming home traders will quickly consider this app to be their best pal.
Trading App 6: TradeHero
TradeHero is like Guitar Hero, but for training. This app is actually a game that bases its outcomes on real life data. You practice with fake money, learn to invest it, and compete with other fantasy traders to make the most.
If you want to demo out a new trading strategy without risking your whole life savings on something you’re not sure will work, run the scenario through TradeHero first. Even if you lose miserably, you aren’t out anything except for your time. Simulations are a great way to learn.
Trading App 7: Robinhood
The best thing about Robinhood is that it allows its users to trade stocks without any commission fees. If you’re looking to spend as little as possible while maximizing your investments, Robinhood can save you a lot of cash that would have otherwise circled the drain.
You’ll keep a few extra dollars in your pocket, or perhaps be able to invest more, when commission is cut out of the process.
Trading App 8: StockTwits
StockTwits provides information in the way that many of us like to receive it – in a social media kind of setting. You’ll be able to see what other investors have to say about stocks you’re interested in. It’s like an aggregator for word of mouth stock chatter.
You’ll know who is having success with what, and you’ll be able to base your decisions around the opinions of those you trust.
Trading App 9: Your Broker’s App
Every broker has their own app, and you should have yours. This app usually provides you with the quickest, simplest way to interact with your broker. You can use it for a wide variety of tasks. Most of them feature statistics and metrics that allow you to know exactly where you stand. These data filled charts will help you make wiser decisions with your money in the future.
Regardless of why you try it, trading from home might be a great way to earn some small, additional income on the side. Just remember to use your head and trust some reliable apps that will help you get the best results possible.
Author’s Bio: Alana Downer is a part of the team behind Learn To Trade, an educational resource for everyone interested in investing. She often shares her suggestions online, helping people get out of debt and onto the road towards financial independence. Privately, a huge fan of self-improvement literature.
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