If you want to make money moves, you need to stop flying by the seat of your pants and start making smart decisions. Here are 7 stock tools to get you started.
Do you love trading stocks? Whether you’re currently in the game or want to get your feet wet, it’s important to know how to do it right.
Trading stocks to your benefit can be tricky, but there are ways to make it easier. You simply need to learn the ropes and find out what’s available to help you.
There are many great tools on the market that are designed to help you trade successfully. If you don’t know about them, this post is a great place to start. Here are seven stock tools that’ll get you headed in the right direction.
1. Briefing.com
This site is all about helping you come up with great ideas. It offers all sorts of great features to help you make those successful trades.
Access live trading calls, get stock analysis, and check out trade calendars. Interested in after-hours trading? Then read up on the after-hours report.
If you’re looking to find opportunities that are just showing up on the scene, Briefing.com is a great place to start.
And staying on top of things couldn’t be easier. Sign up for Briefing’s free emails and you’ll always know what’s going on in the market. They offer several different email options (monthly, multiple times per day, etc.), so sign up for the one that’s right for you.
For an even better handle on the market, sign up for multiple email alerts. This website offers them as well.
2. TradingView
This tool is absolutely free, unless you want to upgrade, in which case it’s only $10 per month. But the free version is powerful on its own, so you don’t have to upgrade if you don’t care about the extra bells and whistles.
What comes in this free tool? A whole lot of stuff. It’s available for every electronic device, including smartphones, and you don’t even have to install it.
All sorts of indicators are packed into this tool. You’ll have volume, RSI, MACD, money flow, rolling EPS, and more.
Receive trading news and track portfolios all in one place, along with everything else. “Everything else” includes plenty of other perks.
When it comes to charts, your options definitely aren’t a few. Candlesticks, draw trend lines, OHLC, and streaming are available. Other options are as well.
You don’t even have to log in to use this tool. It doesn’t get much easier than that.
3. Trade-Ideas
Trade-Ideas is a scanning tool that all traders should use. Even then, this isn’t a “one size fits all” tool. You can customize it to your heart’s content.
If you don’t like one of the pre-configured scanning options, simply create your own scanner. Create your scanner by using filters-this tool has hundreds of them. In other words, if there’s something specific you want to keep your eye on, this tool will help you do it.
If you don’t want to take the time to create your own scanner settings, simply use the provided search options. These include Biggest gainers and lowers, volume spikes, and HOD movers.
In a nutshell, this tool will scan your stock options for you and help you make that money you’re looking for.
4. Lazy Portfolios on MarketWatch
MarketWatch provides a rather helpful list of lazy portfolios for you to learn from. What’s a lazy portfolio? One that makes money for you.
With a lazy portfolio, you can sit back, relax, and enjoy the show. Or spend your time doing something other than watching stocks.
Someone else’s lazy portfolio probably won’t earn you money. But learning how they earn money from it can help you do the same thing.
5. eSignal
If you’re serious about running charts and you don’t want to stop at just a couple, check out eSignal. This tool lets you have the ultimate charting experience.
Do you want seven monitors showing charts at once? Go for it.
The cool thing is, having all those charts running at once won’t slow the tool down. No more worrying about missing out on a great opportunity because something got laggy. eSignal provides you with up-to-date -informationdown to the current second.
eSignal also offers free webinars and they’ll let you try the tool for 30 days for free. If you hate it, you don’t have to keep using it. But chances are, you’re not going to hate it.
6. Robinhood
If you’re serious about not missing opportunities, you’ve got to take your trading with you. That means you need a mobile trading app. Among your many options to consider, Robinhood should be on the list.
Robinhood is free. This means you won’t have to worry about commissions or additional fees when you’re buying stocks.
As of 2018, you can trade options for free too.
7. Yahoo Finance
If you’d like to stick to something you’ve heard of before, Yahoo is the place to do it. You won’t see trend-lines, but you’ll see plenty of other perks.
There are plenty of indicators to choose from, and you can have as many as nine sub windows going at once. It’s the perfect setup for multitasking your way to good money.
Try These Stock Tools Today
There are plenty to great stock tools on the market, so get out and try one today. You’ll only benefit from using them, so it’s worth your time.
Trading stock is complicated, especially if you’re new, but you can easily master it with these helpful tools. If you’re wary of buying into help, try one of the free tools. What do you have to lose?
Are you looking to use trade money to pad your future? Check out these tips for saving for retirement.