Living the “App-top Lifestyle” Could Change Your Life…
I talk about my “laptop lifestyle” all the time and for good reason. I love being able to work where I want, when I want. The “laptop lifestyle” affords me the freedom to trade from some of the most beautiful places on earth. I was visiting Britis Columbia, Canada a few days ago, and this was my view.
The only way that I’m able to go to these sorts of places instead of being stuck tied to a computer in a stuffy office, is because technology has advanced so dramatically. It allows me to trade on wherever I can get a signal. Hell, you can even trade from your phone. One of my students was recently in the hospital recovering from surgery and used her phone to continue to do research and even did some paper trading!
I love the “laptop lifestyle,” but for the sake of this post, I’ll call it the “app-top lifestyle” — because we’re all about apps today. Here are a few more apps for you to consider if you want to live my “app-top” life…
The free Investing.com Android app continues to rate highly among traders and investors. Live quotes are available in only a few taps, and charts for over 100,000 stocks are available for your viewing pleasure.
In the app, you can find valuable information about stocks, bonds, futures, options, commodities, and more. Plus, there are details from foreign exchanges, making it even more comprehensive.
From inside the app, you can create watchlists and customize a portfolio, making stock monitoring easy. If you want to stay on top of new developments, set up some customizable alerts, so you know when a price reaches a specified threshold or a percentage change occurs.
Alerts are also available for news articles and economic events, giving you even more power when it comes to staying informed. You can also take advantage of the economic calendar feature, allowing to you track market-moving events.
Key Features of Investing.com Stock Market App for Android
- Real-time data
- Economic calendar
- Personalized portfolio
- Customizable alerts
- Breaking news and analysis
Want to trade stock in real-time without commissions and fees? Then Robinhood may be the right stock trading app for you.
Robinhood targets newbies, including day trading beginners, so some experienced traders are skeptical about what it has to offer. There’s no denying the app is a game changer, making trading accessible to practically anyone.
Along with stocks, options, and ETFs, Robinhood also offers cryptocurrency trading without fees. Users can access charts with intuitive designs, check historical market data, and get customer support
The buying process is easy. When you find a stock you want, just tap “Buy,” enter the number of shares, and tap the check mark. Then, with a single swipe, your transaction is complete. Boom.
Key features of Robinhood stock market app for Android
- No fees or commissions
- Stocks, options, ETFs, and cryptocurrencies
- Simple and intuitive design
- Fast sign-up process
- Portfolio tracking
- Real-time market data
Are you looking for a free Android stock market app that focuses on learning? Say hello to TradeHero, where you can practice trading in a safe environment and with access to real-world data.
To be a great trader, honing your skills is a must. But, that usually means putting money on the line, and that’s intimidating for beginners — or those who don’t have much to lose.
Even testing out a new market strategy is risky, no matter how much experience you have.
With TradeHero, you get to put your trading chops to the test, all without any real risk.
When you sign up, you get $100,000 in fake money to create a fantasy portfolio. Then, you can compete against other users and try to work your way up the leaderboard.
Along the way, you can receive alerts about specific stocks and access tutorials full of tips. There’s also a ton of info from news sources, keeping you informed along the way.
You get to learn by doing without putting your money on the line. What’s better than that?
If you do decide that you’re ready to trade CFDs for real, you can do that with TradeHero too. Just exit virtual mode, open a live account, deposit funds, and take advantage of their commission-free platform.
Key features of TradeHero stock market app for Android
- Virtual mode to practice, learn and test new strategies
- Robust community and easy access to tips
- Trending financial news
- CFD trading
E*Trade is one of the most recognizable names in trading. Who doesn’t remember the seven-year run of E*Trade baby ads?
The E*Trade Mobile app is similar to TD Ameritrade’s, except that it’s significantly better for shorting. Otherwise, you can trade in most major securities, like stocks, options, mutual funds, and ETFs, once you open a brokerage account with them.
Plus, E*Trade puts information right in the palm of your hand. Do you want real-time stock quotes? Comprehensive news from leading sources like MarketWatch and Morningstar? CNBC video-on-demand? It’s all right there.
The dashboard is also completely customizable, so you can access educational materials and comparison charts fast. Trade executions are a breeze and, at $6.95 per trade, the pricing is competitive.
You can even create watchlists, simplifying your research process. I’m a huge fan of watchlists. You’re always welcome to check out my penny stock watchlist.
If you’re a tablet user, E*Trade is one of my favorite stock market apps for Android tablets.
Instead of just making the smartphone display larger, it gives you an optimized design. That means more information and a visually attractive format, all created for a better tablet experience. It’s great.
Key features of E*Trade mobile stock market app for Android
- Custom watchlists
- Trading for stocks, options, mutual funds, and ETFs
- Real-time data
- News and educational materials
- Enhanced design for Android tablets
Benefits of Using a Stock Market App
OK, so you know a lot about these Android apps now, but are you still not sure that using stock market apps is for you? Can’t you just do all of this on your computer or through your phone’s browser?
Sure, you can totally rely on a trusty laptop or smartphone’s browser to gather information and trade, but it isn’t the most efficient approach.
Each of the Android apps I covered is optimized for mobile trading, so you gain a lot by going the app route.
These apps are designed with efficiency in mind. They let you accomplish high-value tasks quickly while you’re on the go. The interfaces are designed with smartphones and tablets in mind, so you aren’t hindered by the physical device either.
If you want to be a great trader, education is critical. If you don’t embrace research and planning, you’re going to struggle …
… Don’t make it hard on yourself!
With these apps, you can simplify the research process, no matter where you end up.
The Importance of Endless Learning
Great traders are always learning. They’re constantly looking for more information to help them refine their strategies and gain their edge in the market.
They’re doing research, reading books, watching YouTube tutorials, and learning from other traders.
You have a weakness, every trader does.
Whether it’s holding onto losers too long, getting too emotional when trading, running an unbalanced portfolio, not timing entries or exits properly…
The list goes on.
That’s why it’s so important to study and keep learning. The more you learn, the better you can identify your weak points. Having all the information available through these apps helps you do that.
Apps give you real-time updates and trending news are right at your fingertips, giving you the ability to learn and execute trades whenever the ideal moment strikes …
… But what about security?
How Safe Are Stock Market Apps for Android?
The apps that I mentioned here — especially the biggest names — place high importance on their users’ safety and security.
Most of them are as safe (if not safer, for some) than their desktop app counterparts, though may have vulnerabilities that aren’t present in the web-based platforms.
It’s important to understand that no system is 100% secure. There’s always risk when you do anything online, so keep that in mind.
Large firms tend to have the best security when it comes to mobile trading, offering features like advanced encryption. However, weaknesses do exist, especially since new threats emerge almost daily. Even if you avoid the worst brokers, you still need to be cautious.
Good companies strive to keep things as secure as possible across all platforms because a single breach is incredibly damaging not just to their customers but to their reputation.
Still, it’s smart to do what you can to keep your accounts secure …
- Password protection. Choose strong passwords. Don’t reuse them. Change your passwords regularly.
- Use Wi-Fi responsibly. Don’t trade over public, unsecured, or shared Wi-Fi, including the networks you find in hotels, restaurants, and coffee shops.
- Monitor your accounts. Do this regularly. Look for suspicious activity and take action if you see something strange.
While companies strive to maintain secure environments, your vigilance is also important — so don’t slack here!
The Bottom Line
The eight options you just learned about, four yesterday, and four today, are some of the top choices for Android stock market apps around. They connect you with invaluable information and help you trade on the move, to keep you closer to opportunities.
Just make sure to use them wisely. When you have the ability to execute a trade whenever you want, it’s easy to get sucked into the fervor surrounding a stock or any other security.
Never allow speed to trump research, because being informed is always the key to trading success.
Editor, Penny Stock Millionaires