5 Great Financial Trading Apps You May Want To Use
When we think about investments, we normally need to advice ignorance to regular day-to-day noise. Financial headlines are dominated by news that is not really relevant for the experienced and successful trader. However, we do have access to a clear increase in information availability through the use of mobile applications. Some investors even use professional mobile application in order to come up with some tools that only they can use for future successful investments.
There are currently hundreds of interesting mobile apps that might help the investor. Everything is based on personal preference. We cannot know what will work in your case. Even so, those that will be mentioned above are pretty great investments that you can make to help you eventually make great decisions in the financial market.
ChartIQ Practice Trading Simulator
Available for just $1.99 on iPads, the app allows the user to choose market environments that can be used to practice specific scenarios. For instance, you can simulate trending markets or market crashes. Historical charts are going to be used in order to help you to practice trading while the specific environment is simulated. This app can be useful for the trader that has a technical approach and that relies on market timers.
FRED Economic Data
This is one of the completely free mobile apps that can help the traders. It is available on Android, iPad and iPhone. FRED stands for Federal Reserve Economic Data. It is practically a huge repository that contains economic data points. Right now it includes close to 35,000 data series available on mobile devices.
This free app can be used on iPads and iPhones. It was created by Aswath Damodaran, a highly experienced and respected NYU Stern valuation specialist. The app is useful for the financial trader because it allows him/her to perform valuation modeling right with the use of an iPad. 6 models are included. You just have to add the numbers and the application will do all the work for the trader.
You can use NetDania Forex on Android and iOS devices. It offers live updates on currency pair quotes. This is why it is recommended for the Forex traders. However, it also offers value information in real time about global stock exchanges and even data about some popular commodities. Users also like the economic data release news feed. Push notifications can be set up and the user gets a message whenever economic data of interest is available.
The mobile application is available on Android and iOS. It is useful for the traders that often find themselves looking at the CNBC interviews in an attempt to find information to use in investments. Real time data will be offered to the mobile gadget. Live streaming quotes are also going to be available for those that are interested in such information. This includes after-hours and pre-market quotes with different equities.
As you can see, these 5 apps can be useful for the investors. While many stay away from mobile devices, the truth is that those interested in real time trading do need to seriously consider using apps to gain more good information to use for identifying great trades.