If you’re new to the world of investing, you might be looking for tools that can help you. If you’re trying to make a killing in the stock market, that will certainly be the case. Technology can help you invest, and the latest and most advanced tools can help you with every trade you make. With that in mind, let’s talk about five of the things you’ll want to see from a live stock analysis tool if you decide to get one. There are several of these services available, and you want one that can deliver in the following crucial areas.
Custom Alerts and Portfolios
If you’re looking for live stock analysis tools, one that provides customizable alerts is probably right at the top of your list. Once you set up this tool with your position in various stocks, you’ll want to use it to keep an eye on those stocks throughout the day during market hours. If anything changes, such as if a price shift to the point that you want to buy or sell, you need to know about that instantly, so you don’t miss your opportunity.
You also want a live stock analysis tool that allows you to create a stock and other asset portfolio that you can peruse at any time. Trading is a fast-paced world. You need to be able to look at precisely what is in your portfolio at any moment in case you need to make some tweaks or drastic changes anywhere.
Economic and Market Perspective
You also want your tool to give you some comprehensive market feedback when you need it. For instance, maybe a company is about to go public for the first time. You’re interested in the IPO because you feel like this stock has a chance to take off, and you want to get in the on the ground floor.
Your stock analysis tool should have all kinds of articles and features about every stock that attracts you. You should be able to see what the market is doing as a whole with your stock tool and also what individual company stocks are doing.
Your stock tool should have a full calendar suite. You can set up your calendar the way you want so you know when the market opens and closes. The calendar can show you if the market closes because of a holiday or for any other reason.
You can also customize the calendar so that it shows you stock-related events. If you’re scrutinizing one particular company in which you’ve invested, or you’re thinking about investing, you should mark your calendar, so it reflects when anything related to that company happens.
Your stock tool should have ideas that can help you as you develop your strategy. It should mention proven ways you can invest.
You don’t necessarily need to follow every tip that it gives you, but it’s helpful if they are there. You want one with sophisticated investing ideas, especially if you’re not very experienced yet and need some help making critical decisions, such as precisely what moment to sell off a particular stock.
Live Market Analysis
You also need your stock tool to be able to show you what is happening with the market in real time. The market moves in real time, and the decisions you make must reflect what is taking place.
If there’s only a minute or two that you have to lock in some stock at a certain price, you can’t miss out. If the tool you’re using doesn’t show you a real and to-the-second stock market depiction, you should use a different one.
What About Other Services You Need?
The tool you use should have everything we mentioned, but there are additional aspects of it you might choose to look for as well. For example, you might want one that has live insights and reports from senior analysts who you know and respect. You may also look for one that can tell you if there are any global or national events that are likely to shake the market in the coming days or weeks.
The stock market can seem a little intimidating for first-time traders, but with the proper technology, you will have a distinct advantage. Check out some of the AI-infused stock market tools that exist right now. Some of them utilize algorithms that can help you make critical financial decisions that will shape your fortune.