The New Age of Stock Trading is Here! Are You Prepared?
Dear Penny Stock Millionaire,
Do you remember what it was like to have to go to the bank to deposit a check (suggesting you remember checks at all)?
Heading to the bank, filling out slips, and waiting in line, all for a transaction that took mere minutes to wrap up? Wasn’t that fun?
Trading was once just as cumbersome. It really wasn’t that long ago that people had to rely on daily newspapers for information about stocks. You were stuck dealing with a broker and even relying on phone calls for transactions.
Then the glorious internet changed everything!
Then, smartphones shifted that paradigm, making it possible to stay informed while on the go.
Now, smartphone apps make monitoring the stock market and trading a breeze. You find out about pricing and complete transactions from anywhere, as long as you can connect to the network. It’s beautiful!
Today we’re gonna talk about Android apps. Yeah, there are tons of us who love their iPhones. I covered iPhone stock market apps in another post.
So this post, my friends, is all about Androids.
And they’re not all created equal …
The Best Stock Market Apps for Android
Whether you’re looking for a simple stock quote app or the top stock portfolio apps Android has to offer, picking the right one is important.
The app you choose impacts the quality of the experience, including the ease of accessing information or how quickly you can execute trades.
If you want to find great stock market apps for Android, here are eight apps that deserve your attention.
If you combine social media and stock tracking, you end up with StockTwits.
If you’re wondering, “What’s the best app for watching stocks?” StockTwits could be it. Not only do you get real-time data, but you can also gauge investor sentiment, all in one place.
StockTwits also features news and professionally curated stock lists, introducing traders to new possibilities. The ability to engage with the community is also helpful, as you can discuss strategies with other traders you respect (and ignore the morons).
While StockTwits covers stocks thoroughly, it also taps into the cryptocurrency, forex, and futures markets, making it a bit more comprehensive. With the included earnings calendar, you can also prepare for upcoming events, like the release of earnings reports.
As a bonus, if you use Robinhood (another app, I’ll talk about more in depth later), you can connect your account and trade for free through StockTwits. This also allows you to share information about your verified trades with the community if you want to be a more active part of the conversation.
Key features of StockTwits stock market app for Android
- Engaged community
- Earnings calendar
- Real-time data
- News highlights
- Professionally curated stock lists
- Customizable message streams
- Trending stocks based on social activity
Bloomberg is one of the most trusted names in finance, and for good reason.
Not only is the company a news heavyweight, but they also developed the Bloomberg Terminal, the software that gives professionals serious monitoring and analysis power, and trade-initiating capabilities.
The Bloomberg app is one of the top free stock apps for Android around.
If you appreciate customization — which I definitely do — you can’t go wrong with this app.
You can configure it to display the news you want to see and decide when you get a price alert notification.
And creating a personal stock portfolio is a breeze, making it easy to know if you’re in the green or red.
Prefer your information in a video format? With the Bloomberg app, you can tune into Bloomberg Television Live with a few taps. The interface is simple and intuitive, so navigating is as natural as possible.
Key features of Bloomberg stock market app for Android
- Trending financial, market, industry, and other relevant news
- Real-time market data
- Custom watchlists
- Access to Bloomberg Television Live
- Audio interviews and analysis
- Free and subscription options
TD Ameritrade Mobile
I’ve used TD Ameritrade and know tons of people who use it regularly. It’s a great stock trading app from a brokerage standpoint, making buying a really straightforward process.
The commission fees set at $6.95 per trade (at the time of this writing), so the cost is very competitive. There aren’t any additional subscription fees or platform fees to mess with, so you can keep your costs manageable.
With the TD Ameritrade app, there’s no minimum cash deposit for getting started. On this point alone, many consider it the best stock trading app Android has to offer for beginners. Here, you can begin your trading journey even if you don’t have a lot of cash.
The app is also a comprehensive information source. Along with real-time streaming quotes, you can access a ton of research and news. Since staying informed is critical for trading, it really puts everything you need in one place.
It’s important to note that TD Ameritrade’s mobile app is lacking in one area— shorting.
If you want to short, then E*Trade is better in that regard. However, there’s nothing to say you can’t use both, letting you get the best of both worlds.
Key features of TD Ameritrade mobile stock market app for Android
- Real-time streaming quotes
- Level II quotes
- Comprehensive charts
- Third-party research
- Stock trading and order status monitoring
- News and streaming video
When it comes to name recognition, Yahoo! Finance is hard to beat. And it remains relevant for a good reason.
Even if other aspects of Yahoo! (like the email service) no longer garner respect, Yahoo! Finance is a kick-ass free Android stock market app around when you need information.
You can monitor your personal portfolio, add stocks to a watch list, and even personalize the news feed.
Yahoo! Finance also goes well beyond stocks. The app tracks currencies, bonds, equities, commodities, and even the world markets. Plus, you can monitor over 100 cryptocurrencies, all from this one app.
The Yahoo! Finance app doesn’t support actual trading, but it’s super-useful for information. And it doesn’t cost a dime to use. Why wouldn’t you want all of this data available with a simple tap of your finger?
Key features of Yahoo! Finance stock market app for Android
- Create watchlists for real-time stock quotes
- Personalized news
- Portfolio tracking
- Monitor stocks, bonds, equities, commodities, world markets, and cryptocurrencies
- Compare stocks (with interactive full-screen charts)
- Track the performance of your holdings
The Bottom Line
Times have changed.
There are a lot of great apps for traders out there.
Finding the best one for you, and your trading style can take some time. But if you want to be able to trade on the go, and react to rapid changes in the market it is essential that you get with the times and start utilizing all the modern technology can offer.
I’ll go over a few more trading apps for you tomorrow and also the potential dangers of using trading apps, so stay tuned!
Editor, Penny Stock Millionaires