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There was a time when tracking stocks required a subscription to the Wall Street Journal or making a phone call to your broker.
These days, checking up on your portfolio or keeping track of stocks can be done on mobile devices;
Moreover, you can also manage your investments and take market positions right from your smartphone.
According to analysts who follow trends in financial investing, about 50% of Americans invest in equity securities, but the majority do so through 401K programs and mutual funds.
The new generation of investors tend to be more active, and they are more likely to do everything from research to analysis and from trading to balancing their portfolios entirely on their smartphone.
In the near future, most new investors will only access the stock market from their smartphones, and they will be more actively involved in their portfolio.
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List Criteria:
When looking for the best apps for tracking stocks, the first aspect you should be mindful of is that there are three main categories:
- Apps provided to clients of online retail brokers.
- Apps provided by financial information outlets.
- Apps that are meant to complement desktop stock trading software.
Since 2017, the use of mobile apps dedicated to managing investments has tripled.
Individuals looking for the best apps for tracking stocks have quite a few options within the three aforementioned categories.
You should not assume that the retail brokerage you use will automatically provide you with the best stock tracking apps;
Many investors actually use a different app just to keep an eye on the market, but they use their broker’s app in order to make trades and manage their portfolio.
Your idea of what the best apps for tracking stocks should be may differ from the ideas other investors may have.
6 Best Apps for Tracking Stocks:
Here is a list of apps that traders consider to be the Best Apps for Tracking Stocks in their experience (this list is not put in order):
1. NASDAQ Quotes
As stock tracking app, you may have previously known this app as the NASDAQ OMX Portfolio Tracker.
The National Association of Security Dealers created the NASDAQ exchange in the 1970s to compete against the New York Stock Exchange, and a major part of its appeal was that all trades were conducted on an electronic platform.
Accordingly, the NASDAQ offers a great app that provides real-time information not only from its exchange but also from all other U.S. markets, including futures contracts.
2. Thinkorswim
This app started off as an online forum for investment discussion, and it later developed into a social network and trading platform before being acquired by TD Ameritrade.
Even though Thinkorswim is often described as being more technical than TD Ameritrade, the app’s interface and its many tutorials are easy enough for beginners to learn and understand.
3. ET Markets
The Economic Times is one of the most respected financial news publications in Asia and around the world.
This free app more than just information about Wall Street; it also focuses on commodities, forex trading, options, and more.
The news content that accompanies market information is highly relevant and, the analysis is very much on point.
4. CNBC
4th in the lis of best stock tracking apps: This cable financial news network has been around since 1989; since then, it has forged a financial news media empire that extends to the internet, and which can be accessed through this mobile app.
Although the main focus of CNBC is on Wall Street, in recent years the app has been providing information from international markets, particularly from Asia and Europe.
Pretty much all the interactive tools for tracking and screening stocks that you find on the CNBC website can be found on the mobile app.
5. Robinhood
You may have heard about this app through news outlets; in recent years, Robinhood has revolutionized stock trading and investing with its no-fee deal.
Although Robinhood was not the first retail broker to offer market transactions at no cost, it has been the most successful, and it also forced other brokers to copy this part of the business model.
Millions of new investors have come on the market through this app, and this growth has more to do with user-friendliness than with the no-fee trading business model.
Unfortunately, Robinhood has also been criticized for overly marketing options trading to beginners.
6. Stocks Live
At some point during your stock trading experience, you will need to review charts as well as what-if scenarios; when that time comes, Stocks Live will provide you with plenty of tools in this regard.
Even though Stocks Live will work well on the Apple iPhone and the iPad, it really shines when it is used on the larger screen of the iPad on landscape mode.
Best App for Tracking Stocks Android – Best stock tracking apps Android:
Thinkorswim is probably the best apps for tracking stocks Android.
Even if you are thinking about opening a trading account with TD Ameritrade, you will get better information, knowledge, and analysis from Thinkorswim.
Novice stock traders can get help from specialists by means of a chat function built right into the app, and you can also practice trading strategies with paper money without risking your hard-earned cash.
Best stock tracking app iPhone – Best Apps for Tracking Stocks iPhone:
The optimized performance of Stocks Live on the iPad makes it the best apps for tracking stocks iPhone , particularly the models with larger touchscreens.
With this app, you can create watchlists for more than 10,000 stocks, and you can also save all your charts, scenarios, and transactions to your iCloud account.
How to Buy Stocks Using a Mobile App:
New traders looking for information on how to buy stocks can get it right from the stock tracking apps they use.
In the case of Thinkorswim, for example, you can install the app for free and later open a TD Ameritrade account right from the app, thus allowing you to take a position on the stocks you have researched.
Best stock tracking app: With apps such as NASDAQ and CNBC, you can certainly learn how to buy stocks, but the actual transactions must be completed with a retail broker.
Many of the stock tracking apps listed herein have commercial partnerships with reputable brokers, which means that you can not only open an account but also link the watchlists and scenarios you have created in the app with your broker.