How to Track the Stock Market Using Your Smartphone
Download a Good Stock App
Many phones come with a basic stock app, but you may not get the full scoop. There are several different stock apps that are made for professionals to track the market. Bloomberg has an official stock app as well which is highly rated. CNN also has an official stock app. There are many great alternatives to the classic app that comes on your phone, or, you can choose to use that one instead.
Get Notifications
When you find your favorite new stock app be sure to set notifications for stocks that you own or want to track. When any major news happens concerning that stock or its price you can get alerted immediately and take action accordingly. You can choose your favorite stocks to be alerted for as well as the types of notifications you want to receive. With some apps you can even choose if you want sound on or off for the notifications, as well as change the settings to skip them if you recently checked the app.
Manage Your Portfolio
If you own stocks be sure to get an app to keep track of and manage your portfolio on the go. Depending on your bank or broker there may be an app available for you. Etrade has a popular app and many banks have mobile banking apps too. Some apps even allow you to buy and sell on the go making life even easier.
Start Investing
If you are a brand new investor you can get involved in the stock market with amazing apps that are available. If you are a small time investor the Acorns app can help you invest by rounding up your purchases and putting them towards a stock portfolio. There is also the Robinhood app, which is a new form of free stock trading!
View Charts and Make Predictions
There are many stock researching apps available for smartphones that can help you better understand the market. The most popular research app is Stock Heat Maps which show different trends in companies and industries. While many stock apps have trend charts there are apps that are specifically made for research giving you more data that you might miss on other apps. For this reason many say it's important to have both.
Get Stock Advice
Your smartphone can be a great way to get stock market advice. Not only does your phone have Youtube, but there are several other apps like Lynda and Khan Academy that are well put together and can help you learn the ins and outs of the stock market. By downloading these apps and putting them on your phone you can be reminded to use them in your free time. You can also search for podcasts using the podcasts app and easily listen to them on your way too and from work. There are so many great ways to take advantage of education on your phone, be sure to use them!
