Since the inception of mobile phones it has been a major factor in the world of communication. It has been a boon for the communication industry. Now a days we are dependent on our mobile phones for our day to day tasks. In the past having a mobile phone was a symbol of luxury and these days it has been more of an essential commodity than of a need. Moreover, the smart phones have proven their mettle in each and every field. We can make and break wonders using smartphones.
There are some applications which can be helpful while trading in stock market as well. Now a days the brokers also provide us with their own software or application of the sake of trading. It saves our time as well as the broker’s hard work. These applications are equally safe and reliable as the broker’s themselves.
1. Money control Market
This application is the one which help you to find each and every detail about the market. It keeps you updated about every single news regarding the stock market. You can use the application for the sake of tracking live price of a particular share. It also helps to analyse the stock using basic line chart and advanced chart. Moreover, the application have the facility to create a watch list of our favorite stocks so that it would be easy and handy for the users. The application also have a feature which gives its user the opening and the closing bell of Indian stock market. (Sensex, Nifty, Bank Nifty). Additionally it also equips the users with its segment “Top 12 things to watch while you were sleeping.” As the name suggests, it tells us the important happenings of the previous day.
2. Stock Trainer: Virtual Trading
It is one of the very rare application which helps us to virtually invest in the capital markets. At the start it provides us with Rs. 500000 to invest and as per the trade this amount increases and decreases. The brokerage charges are also deducted from your account while trading. This application gives you the real feel of investing in stock market. This application has the option of investing but does not provide option of trading. That means short selling is not permitted using this application. But, for those who need to feel the market it is the best application. It also provides us the candlestick chart for technical analysis and also have Indicators which assist us to make any decision.
3. Stock Edge
Stock Edge is an application where you can gain knowledge about stock market. This application analyses the market and gives us its views regarding the next day’s market. There are different scanners in this application which help us to make a particular decision.It has numerous features such as daily Updates Section, Opportunity Scans, Stock Research, Track what Big Indian Investors are doing, Create favourite daily scanners for daily trading, in the stock research group Weekly & Monthly High, Low, Close Martix, Delivery & % of Total Volume graphically, Fundamental review, Detailed Results Quarterly/Semiannual/Annual with interactive graphs comparison of last 5 periods, Standalone & Consolidated, Ratio Analysis, Return Ratios, Efficiency Ratios, Growth Ratios, Solvency Ratios, Cash Flow Ratios, Valuation Ratios, Interactive Balance Sheet, Profit and Loss statement and many more are provided.
4. Investing.com
This application is one of my favourites. It provides many facilities to its users. The application provides its end users the provision for Real Time Quotes from more than 15000 financial instruments, traded on more than 50 worldwide exchanges. This application also provide its user with the economic calendar, which helps the user to be updated with all the major economic events and announcements around the globe. Moreover, we can track our trades and keep an eye on any of our favourite script using the portfolio manager feature. It also provides us all the live market prices.
5. Trade academy Scanner
This application is the one which provides you the levels and recommendations regarding stock market using various technical indicator and parameters. This application gives levels free for a month which is an advantage of this application. For this one month you can use the application and get a fair idea as to how to make your call and also some videos regarding the technical analysis has been given. According to me the scanner is useful to earn about stock market.
To sum up all these apps are helpful while trading in share market.
All these apps assist you to make a particular decision. But they will play a role if you have a basic knowledge about the share market. What is a capital market? How it works? And many more.
Without gaining any knowledge none of these apps would be profitable for our use. So the ultimate solution for this problem is to gain a basic knowledge about stock market…… And then enjoy all these applications to make profits…………..
By Aniket Mandlekar
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