Apps have all but become an essential part of our lives. We use it to control our home’s smart system, pay bills, play games and shop for clothes and other items.
It has also transformed the way we do things. For instance, trading stocks was once largely done by phone, but now has evolved to accommodate online platforms and apps.
Stock trading has exploded in popularity and gone mainstream with the rise of free stock apps which offer the following benefits:
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Mobility
Trading is no longer confined to business hours and while at home or the office. With a stock market app, you can pull out your smartphone and start trading as long as you’re connected to the internet.
Most trading markets are only open during certain hours, but foreign markets allow you to trade commodities anytime, anywhere. Some apps also have extra features to optimize your experience. Traders are no longer tied to desks, computers or tablets or hours for that matter.
Ease of Use
Stock trading has become more accessible than ever, thanks to the distillation and the introduction of apps.
The industry is no longer the domain of professional traders. Today, anyone can learn the ropes by brushing up on information online and through an app.
You can use an app to learn how to trade, read graphs and make decisions on buying and selling. Supplemental apps can provide news and other up-to-date information to help you make the most of every action.
Security
Most stock apps are highly secure given the nature of their industry. Developers focus on making the app easy to use while providing a level of security to protect your data.
All transactions in the app are encrypted with current security tech, which make them difficult to hack or collected without you or the company’s permission.
Convenience
Trading apps has made it easier to complete transactions without having to do it the traditional way, e.g., calling your broker or requesting an action online, etc.
Before, the only way to trade was to call your broker and have them complete an action in your behalf. This method was subject to a lot of errors, including delays, putting in the incorrect amount, commodity, etc. and more
Stock apps eliminate these issues by putting the action straight in your hands. Simply open the app, call up the stocks you want to trade (buy or sell) and press submit.
Wealth of Features
Last but not the least, stock trading apps allow you to make informed decisions, which improves your odds of making money. Some will have details such as a company’s historical price and its performance over the last year or so, for example.
You won’t have to pull up a computer screen to check board lot numbers, stock prices and list of companies that offer stocks. Navigation is a simple one-click affair and you get instant information right at your fingertips.
Some apps have regular updates that show how they’re committed to providing the best experience. They’re relatively lightweight and yet gives you a world of trading options you can access anytime, anywhere.
