It’s hard to believe that just a few decades ago, you had to pick up the phone to call your broker to place a stock order. Then, your broker would have had to call the floor trader to place the order.
Once the order was finally placed, the price could have changed significantly. You wouldn’t have known since you probably didn’t have access to a live data feed. With today’s technology, all of that has changed.
With our laptops and mobile apps, we can use innovative market research tools as well as place orders at our convenience.
If you understand stocks, then you can certainly make a lot of money. You can also take the Timothy Sykes millionaire challenge if you are ready to learn as much as you can about trading stocks.
With your mobile device, you can study and watch tutorials to guide you along towards investing success. All it takes is the drive and motivation to get started.
FRED Investing Apps
If the average American checks their smartphone around 150 times per day, then it makes sense to install an investing app. The FRED investing apps give you the mobile version of the FRED database, which stands for the Federal Reserve Economic Database.
With this app, you get access to around 210,000 economic data series from 61 regional, national and international sources. Plus, you can use the app to research broader economic indicators such as a change in housing data. Not to mention, you get updates on industry news while having the ability to track your stocks.
It’s pretty much a stock assistant in the palm of your hand. Imagine all of the ways you can use this technology to your benefit.
If you love Twitter, and you want to spend more time trading, then this is the app for you. The reason is you can see what traders are doing, in response to market conditions, in real time.
In fact, you can get feeds from both amateur traders and renowned investing firms. It gets its name because it produces a Twitter-style feed. In your feed, you might find charts and videos offering technical analysis.
Not to mention, the app is free.
For decades, the Bloomberg terminals have been a standard on the desks of professional traders. The free app won’t have as much detail as is provided on the professional screens, but you will still get a lot of data. You can also customize the data for items such as:
In addition, you can listen to audio interviews, watch Bloomberg Television live and hear the latest news. For investment research, you need to keep up with current events and look at data.
You get all of that and more with the Bloomberg app. Furthermore, there are colorful charts to make it more interactive. And, stock quotes and graphs are easy to find.
This is the app to help you modify your positions when the stock market changes.
Technology continues to evolve, and their impact on investing will follow suit. It’s just a matter of time before AI is the norm.