Find all your documents from the cupboard, put them in the polythene bag, and go outside in the sun travelling through heavy traffic to reach the stock broker’s building. Reaching the office after many flights of stairs and asking the associate to let you invest, filling forms and going through all that hassle just to invest once. This was a reality of stock market investing just sometime back, but now you can invest in the stock market with the ease of one click sitting on your couch.
This article will cover what a trading app is, the benefits of using a trading app and how it can help investors with its advanced features. First, let’s start with understanding what a trading app is.
What is a Trading App
A trading app or share market app is a mobile application you can use to invest in securities online through your phone. Each broker today provides its user with a trading app or online portal so they can invest in the stock market with the help of the application easily on their own. These apps are also helpful for seeing your portfolio and your investment in one place. You can also do online trading, futures and options and mutual funds using the trading app, making them an excellent software to ease your investment journey.
Benefits of Using the Trading App
Trading apps today are technologically advanced and can do everything without an intermediary. You can place orders effortlessly, track those orders and investment in your holdings account. Quickly transfer stock, and you can get stock splits and dividends done for you.
There are many upsides to using Trading apps, such as:
Ease of investment
Using trading apps to buy or sell shares is the most convenient trading method in the history of trading. You can look at the charts and indicators, and when the stock price is perfect, you can invest instantly with a few clicks.
A trading application becomes more necessary if you are an online trader since you don’t have to call the broker to make the trade for you. Trading apps let you take the wheel in your hand.
The trading apps have instant transitions, whether during buying or selling of stock or settling bills, payments, investing, and everything is made in an instant, if not seconds. Few Trading applications also give 1ms stock price reflections so that you can take trades as fast as the market moves.
Easy tracking of investment
Trading apps have a holdings tab in which you can monitor your investments at any time of the day from anywhere. You can quickly track your profits and loss from one look at the holdings as long as you have the internet and do instant buy and sell if you want to.
Lower cost benefits
Due to people opting for more and more online trading apps, stock brokers don’t have to hire a huge workforce to take orders from everyone; therefore, they give you the same trading features for a lower cost. There are extremely low commissions or zero commissions, saving your money further.
Many Advance features such as Stock Analysis Toolkit and special Charts to understand the price action and stock movements, specialised notifications about your holdings, smart motoring and recommendation and many more.
Some Trading Apps also provide special research reports and news highlights for the individual stocks so you can look at the data and make an informed decision. So If you are considering starting investing in the market and are unsure whether to subscribe to an offline stock broker or use an online application, this is your hint.
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