Day Trading Mobile Apps – Top 8 Apps
Last week, I wrote about some of the most important websites that traders and investors should use. The analysis featured a number of the most common websites such as Seeking Alpha and Bloomberg. In this piece, I will highlight 8 Day Trading mobile apps that any trader or investor should have. The article features a number of apps affiliated with the previous article. Also, the article is biased towards free articles.
#1 – Bloomberg
Bloomberg has invested in android, IOS, and Windows mobile apps. These applications offer the user the opportunity to get breaking news, listen to the Bloomberg Radio, watch the Bloomberg TV, get commentary, and also do technical analysis. I use the Bloomberg app for my android phone as well as the iPad version. The benefit of being looped to the Bloomberg ecosystem is that they have a moat in the financial world. The company has more than 19,000 employees. On a daily basis, more than 5000 stories are posted in the Bloomberg ecosystem which includes: The Bloomberg Terminal, apps, website, and other publications.
#2 – Stock Master
Stock Master is an IOS application that is not available in the android versions. The application has more tools than any other application I have come across. Some of the features the application has are: backtesting (which allows a trader to backtest his strategies), a comprehensive discussion feed, , portfolio reports, and a professional stock screener. The website also has all the tradable ‘assets’ in place.
#3 – Seeking Alpha
In my previous article, I mentioned that Seeking Alpha was an important website for traders and investors. Still, I recommend that any person involved in the financial market to try their mobile apps. The company has developed IOS and Android applications. While the website is more geared towards the long term investors, I believe that any person interested in finance will have a better opportunity to learn more about investments.
#4 – Metatrader
Metatrader is a platform used by many Forex brokers. The developers license the application to the brokers who then provide it to the traders. The Metatrader (MT4) platform has thousands of currencies, equities, indices, and commodities. Its terminal contains a number of things such as the key technical indicators, a breaking news panel, and a place to create accounts. If you are just starting out as a trader, I recommend that you use the MT4 demo account to practice.
#5 – Stocktwits
We all appreciate that Twitter is an incredible platform. However, Twitter is a very broad platform. It is against this backdrop that the developers of Stocktwits decided to create a vertical platform for traders and investors. The result has been a tool that allows traders from all walks of life share opinions about companies and other assets. The company has Android and IOS applications which you can easily download and start using. Moreover, you can follow only companies and assets that are relevant to you.
#6 – Yahoo! Finance
An article that appeared in Bloomberg BusinessWeek a week ago mentioned that Yahoo’s core assets are worth only $-8 billion (that’s negative 8 billion dollars). That’s a terrible valuation for a company that once used to be the most valuable in Silicon Valley. Yahoo Finance is a portal that many investors and traders use. It contains all the relevant news and data from the financial world. In addition, it gives people an opportunity to download historical data and export them to Excel for analysis. The only disadvantage I find with Yahoo Finance app is that it is not available in many countries. For android users, you can download an APK version and install it directly.
#7 – NetDania
NetDania is an android and IOS mobile application that contains a number of tools that can help traders make better decisions. I use netdania mostly because of its comprehensive economic and earnings calendar. Also, I like the interface of the application which offers an intuitive panel to receive news. One can also create a watchlist and receive customized news.
#8 – Investing.com
I like investing.com (both the website and the mobile app). The mobile app contains most of the features which are still available in the web platform. The only thing I don’t like about the company is that it does not have an iPad version. For analysis, I prefer using my iPad because of the real estate available to combine various items.