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4 Apps To Turn You Into A Stock Market Pro (You Should Use)

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4 Apps To Turn You Into A Stock Market Pro (You Should Use)

The stock market is changing, and not by its own accord. Just like nearly every other industry, the stock market is experiencing disruption. From access to information, to easier, cheaper trades, it seems the traditional barriers and learning curves to investing in stocks are disappearing.

Here’s four very different apps that’ll turn you into a stock market pro in no time.

INDX.guru (indx.guru)

Shockingly, 98% of investors are underinformed when they trade stocks. INDX.guru’s value proposition is nicely aligned with this market pain point: to provide education to the investing community.

Self-dubbed as the “most beautiful” (and fast, and free) stock market monitor on the planet, the responsive web-based (and soon to be released on iPhone and Android) app is in private beta, soon to be open beta.

The reason this app is so powerful and instantly useful, is that no hoops need to be jumped, and information is displayed ‘as is’ and bias free, which is important due to most existing information elsewhere providing ‘stock tips’ generally are a result of the agenda of the tips provider.

It does what it says on the box, and displays over six million points of data in a streamlined, modern dashboard. When something changes, you’re instantly notified, so you never miss a thing.

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Traditionally, to get this kind of information, you’d need to either manually research your information from five or more sources, or spend up to USD 28,000 per year on monitoring software. An offering like this, and free, makes it hard to resist.

At present, it offers access to all ASX-listed companies with NYSE and NASDAQ data ‘coming soon’ as per the technical notes. The dashboard is alive with data and contains two unique metrics: heat (being the volume of media coverage) and sentiment (being a measure of recent price performance relative to a selected market index).

It also streams current market position, relevant news, blogs, tweets, videos and announcements in a single dashboard.

Early users of the product have been experimenting with other uses for the app, including using it as a media monitoring service, a competitor tracking dashboard, and research purposes.

You can join INDX.guru’s beta here (disclaimer: I work with INDX.guru).

Robinhood (robinhood.com)

Robinhood allows users to make stock trades for free, and with no minimum deposit required. At present, it is limited to mainly US-based stocks and does not currently have a web interface (though they mention it is coming).

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It is a very simple and streamlined app that plays to the strengths of its limitations more than anything. The interface is exceptionally simple to use, allowing for even beginners who are interested in trading stocks to proceed without feeling overwhelmed. The sign-up process is also very simple, and they do not ask for any personal information aside from what is typically expected with any stock brokerage software e.g a user’s social security number is a normal request.

The community engaged in Robinhood trades have collectively saved over USD 22 million by executing trades with the app. Without trading fees, Robinhood make money largely in the margin lending interest and uninvested customer cash deposits. Many have found it to be a great app to trade stocks. from beginners to seasoned investors.

Join Robinhood here.

eToro (etoro.com)

eToro is one of the more established apps that comes with fairly high ratings, and is friendly for beginners who are looking to get started in the stock market and stock trading. Offering an unlimited and free demo account, eToro allows users to step in and get comfortable with their interface and with their unique ‘copytrading’ function – the ability to mimic another trader’s actions.

With tight security and a lower-risk approach, traders are able to copy currency, commodity and stock trades, and eToro will not allow a user to lose more than the amount that they initially deposited (at present, the minimum deposit is USD 50).

eToro performs best as the web based platform, though is also available on iOS and Android. Their “practice account” that comes with 10k of play money that replenishes itself when the amount drops below $500.

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The community of eToro is vast, with over 4.5 million users in more than 170 countries worldwide. With a simple interface, large community and beginner-friendly options in place, many stock broker experts agree that making a substantial amount by using eToro is entirely possible, so long as users go in informed and understanding of the learning that is involved with stock trading as a whole.

Join eToro here.

StockTwits (stocktwits.com)

The inventor of the ‘cashtag’, StockTwits is a different approach than the other apps listed here, as it is most noted for being a message board that hosts people’s opinions about the events occurring in the stock market.

This can include reviews of stocks, conversations about a stock rising and is generally considered a sort of ‘Twitter for stock traders’ or those interested in the stock market. To put it simply, users on StockTwits are introduced to a communications platform that is specifically for the investing community.

It pulls streams of information from various sources of information on stocks from across the web including social media. These streams are offered to provide information to the community so that they can develop their own opinions, be better informed and manage their investments with information that is summarized in 140 character messages, much like Twitter.

As a platform, it is integrated with several other platforms that include Yahoo! Finance, CNNMoney, Reuters, TheStreet.com, Bing.com, The Globe and Mail, as well as social media platforms Twitter, Facebook and LinkedIn.

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Users can select to follow certain stocks or specific contributors to appear in a personalized stream in StockTwits’ $TICKER system that is operates much the same way as a ticker stream seen at the bottom of the screen during news casts.

Some users have claimed that StockTwits is a helpful tool that they helps them stay up to date on stocks and interact with a knowledgeable community that is like-minded. Others have been a bit more critical of it, claiming that the message boards are unhelpful and filled with, to put it nicely, other users who don’t know what they are talking about.

Join StockTwits here.

Featured photo credit: sleeteye via flickr.com

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Learn to code Learn Coding For Free With These 10 Sites 4 Ways to Send a Money Transfer Online INDX.guru 8 Powerful Hidden Features in Stock Market Apps You’ve Probably Missed 4 Apps To Turn You Into A Stock Market Pro (You Should Use) “I would be so successful if someone just gave me a shot”, you might think. Why not be the one to give youreself a shot? Many people out there have mindsets and attitudes that set them up for failure. They might answer my question with, “That's a crazy idea!” or “I've already tried that!” but how much of that is just making excuses? When it comes to limiting your own success, there are ten particular mindsets that turn those answers into self-fulfilling prophecy: 1. Loafing You'll write that novel just as soon as you're done with your favorite show. Oh, but now you're hungry. You'll get started after a snack. Oh, but now that snack has made you sleepy – a little nap couldn't hurt, right? One of the hardest parts, and the most obvious, of achieving success is the actual work. Procrastinating, making excuses or tricking yourself into loafing is just going to cement the fact that nothing will ever get done. It might not sound pretty, or even too easy, but the easiest way to get to success is to just jump in and get going (which is exactly how I got started). 2. Blaming It's not your fault you're not successful – the industry is bad, you don't have the money, etc, etc. When it comes down to it, however, who is the one responsible for your success? You. This is the day and age where people are launching successful start-ups in a few months, getting published online and finding their way to success one way or another. Some things might be out of your control, but blaming others is just going to waste the energy and time you need to get going. 3. Sour-grapes Being envious of the success of others is almost as bad as blaming them. All the time and energy you could be putting into your own goals is going towards a person who more than likely has done nothing but show you that the goal is attainable. You don't have to be applauding their success, but being envious and sour about it is a waste of time – let it roll off your shoulders and dig down towards accomplishing your own goals. 4. Minimizing others success Again, you don't have to be cheering and raving about the success of others, but minimizing their accomplishments looks bad on you and on your own goals. If you attained success, would you want others rolling their eyes and treating it like it is not a big deal in the slightest? I highly doubt it. “So they climbed Mount Everest, big whoop. Plenty of people have done it before”. Have you? 5. Talking You're going to do this, you're going to do that – the proof is in the pudding, ultimately. Talking about your goals and what you're going to accomplish is all well and good, but talking time is better spent actually doing. Talking about your goals has actually been shown to make you less likely to reach them, so zip up those chattering lips and dive in. 6. Making assumptions You know what they say about the word ‘assume’, it makes (a word I’ll leave out of this article) out of ‘u’ and ‘me’ . Unsuccessful people are the best at making assumptions without considering other outlets or opportunities. Missed chance after missed chance can put anyone behind or completely ruin something that you poured a lot of hard work into. People are often surprised at what happens if they take a chance instead of listening to that little pessimist inside their heads. ‘Never assume’ is good advice and it is a mindset you should get out of as quickly as possible. 7. Procrastinating This one is obvious, isn't it? It's about the same as loafing, but even worse because it applies to multiple areas of our lives. That big project? Eh, its not due for a week. My dreams? Eh, I'm going to be taking a class to learn how to write in a few months, I can relax until then. Procrastinating isn't the friend of successful people. Many of them had to learn how to either make procrastination work for them or to barrel through it and press on, even with the proverbial sloth demanding you park it on the couch. 8. Naysaying “It will never work. It is impossible, I just can't ...”. That is about when it is time to take a good look at yourself. There are a plethora of people out there that once thought the same thing: you can't get a man into space, you can't find a way for a human to fly, you can't cure a disease. Well, people did what was once considered impossible. If they can defy the entire world, why can't you defy your internal pessimist and get there? Don't tell yourself that it is impossible. In the world we live in today, it seems like impossible is becoming a word that gets weaker every day, and the same is true of your goals. 9. Consuming Fast food, energy drinks, trash TV – your brain is sobbing at the thought. With all the time spent taking in things that are not good for your brain or body, how can anyone expect it to happily balance out and produce the stuff you need to achieve success? Your output should be greater than your input; though you don't have to take the starving artist spiel literally. The point is, your production is where the value is, not the absorption. 10. Quitting “Well, I tried.” Sure, you tried once. That horse is shaking its head and trotting off to find someone who will get back on it. There's nothing necessarily wrong with cutting your losses sometimes. After all, no experience is ever truly wasted, but quitting is the top enemy to successful people. If you believe in something, if you want to find that success, there is no road map. You may very well have to carve your own path through treacherous jungle. If you give up the first time a mosquito bites you then you've doomed yourself already. Success, in large part, is about the human being in the arena. People cheer for them, their struggle and victory, but the person who watches idly and scoffs, having never tried has also never really lived. Mindsets are not set in stone. It is never too late to get started and change your perspective. After all, achieving success is completely up to you – you are the one making excuses and holding yourself back. You are also the one that will decide when it is time to stand up and get back into that arena. 10 Bad Habits That Stop People From Achieving Success

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Last Updated on January 5, 2022

33 Painless Ways to Save Money Now

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33 Painless Ways to Save Money Now

In a difficult economy, most of us are looking for ways to put more money in our pockets, but we don’t want to feel like misers. We don’t want to drastically alter our lifestyles either. We want it fast and we want it easy. Small savings can add up and big savings can feel like winning the lottery, just without all of the taxes.

Some easy ways to save money:

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  1. Online rebate sites. Many online sites offer cash back rebates and online coupons as well. MrRebates and Ebates are two I like, but there are many others.
  2. Sign up for customer rewards. Many of your favorite stores offer customer rewards on products you already buy. Take advantage.
  3. Switch to compact fluorescent bulbs. The extra cost up front is worth the energy savings later on.
  4. Turn off power strips and electronic devices when not in use.
  5. Buy a programmable thermostat. Set it to lower the heat or raise the AC when you’re not home.
  6. Make coffee at home. Those lattes and caramel macchiatos add up to quite a bit of dough over the year.
  7. Switch banks. Shop around for better interest rates, lower fees and better customer perks. Don’t forget to look for free online banking and ease of depositing and withdrawing money.
  8. Clip coupons: Saving a couple dollars here and there can start to add up. As long as you’re going to buy the products anyway, why not save money?
  9. Pack your lunch. Bring your lunch to work with you a few days a week, rather than buy it.
  10. Eat at home. We’re busier than ever, but cooking meals at home is healthier and much cheaper than take-out or going out. Plus, with all of the freezer and pre-made options, it’s almost as fast as drive-thru.
  11. Have leftovers night. Save your leftovers from a few meals and have a “leftover dinner.” It’s a free meal!
  12. Buy store brands: Many generic or store brands are actually just as good as name brands and considerably cheaper.
  13. Ditch bottled water. Drink tap water if it’s good quality, buy a filter if it’s not. Get 
      a reusable water bottle and refill it.
    • Avoid vending machines: The items are usually over-priced.
    • Take in a matinee. Afternoon movie showings are cheaper than evening times.
    • Re-examine your cable bill. Cancel extra cable or satellite channels you don’t watch. Watch the “on demand” movie purchases too.
    • Use online bill pay. Most banks offer free online bill paying. Save on stamps and checks, and avoid late fees by automating bill payment.
    • Buy frequently used items in bulk. You get a lower per item price and eliminate extra trips to the store later on.
    • Fully utilize the library. Borrowing books is much cheaper than buying them, but in addition to books, most local libraries now lend movies and games.
    • Cancel magazine/newspaper subscriptions: Re-evaluate your subscriptions. Cancel those you don’t read and consider reading some of the other publications online.
    • Get rid of your land-line. Do you really need a land-line anymore if everyone in the family has a cell phone? Alternatively, look into using VOIP or getting a cheaper plan.
    • Better fuel efficiency. Check the air pressure in your tires, keep up with proper auto maintenance, and slow down. Driving even 5MPH slower will result in better fuel mileage.
    • Increase your deductibles. Increasing the insurance deductibles on your homeowners and auto insurance policies lowers premiums significantly. Just make sure you choose a deductible that you can afford should an emergency happen.
    • Choose lunch over dinner. If you do want to dine out occasionally, go at lunchtime rather than dinnertime. Lunch prices are usually cheaper.
    • Buy used:  Whether it’s something small like a vintage dress or a video game or something big like a car or furniture, consider buying it used. You can often get “nearly new” for a fraction of the cost.
    • Stick to the list. Make a list before you go shopping and don’t buy anything that’s not on the list unless it’s a once in a lifetime, killer deal.
    • Tame the impulse. Use a self-enforced waiting period whenever you’re tempted to make an unplanned purchase. Wait for a week and see if you still want the item.
    • Don’t be afraid to ask. Ask to have fees waived, ask for a discount, ask for a lower interest rate on your credit card.
    • Repair rather than replace. You can find directions on how to fix almost anything on the internet. Do your homework, and then bring out your inner handyman.
    • Trade with your neighbors. Borrow tools or equipment that you use infrequently and swap things like babysitting with your neighbors.
    • Swap online. Use sites like PaperBack Swap to trade books, music, and movies with others online. Also, look for local community sites like Freecycle where people give away items they no longer need.
    • Cut back on the meat. Try eating a one or two meatless meals every week or cut back on the meat portions. Meat is usually the most expensive part of the meal.
    • Comparison shop: Get in the habit of checking prices before you buy. See if you can get a better price at another store or look online.

    Remember that saving money is not about being cheap or stingy; it’s about putting money into your bank account rather than giving it to someone else. There are many ways to save money, some you’ve never thought of, and some that won’t appeal or apply to you. Just pick a few of the ideas that sound doable and watch the savings add up. Save big, save small, but save wherever you can.

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    Featured photo credit: Damir Spanic via unsplash.com

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