Do you want to make money in the stock market faster and easier? If YES, here are 50+ best stock investment analysis and portfolio planning tools for beginners.
One of the biggest investment opportunities that fledgling investors usually start with is the stock market. This is because the stock market is huge and almost anyone is allowed to invest without restrictions. When you do invest in stocks, as long as you have done your due diligence, the stocks you bought would continue to appreciate in value if all things remain equal. You might then be able to sell your stocks to make profits or buy more so as to build your stock portfolio.
One interesting fact about the stock market is that there are various vehicles and tools that make it easier for the neophyte investor to kick off their investment successfully with small amounts, while adding to their portfolio as their experience grows.
There are a plethora of do-it-yourself investors that have ditched the traditional model of using financial advisors to maneuver their portfolios. Many have successfully profited from stocks by handling their investments by themselves, and you too can.
You don’t need to be an expert before you become a player in the stock market; as a matter of fact if you don’t have the money to pay brokerage firms, you could still participate in the stock market as a beginner and still make good choice of stocks to buy and make good profits as well.
When you carry out even the most basic research, you will find out that there is almost an unlimited well of information regarding investing in the stock market, and there are equally a load of stock investment analysis and planning tools that can help you navigate the murky waters of stock investment and trading, so that you can start up a solid investment on your own while incurring minimal losses.
Here are some of those stock market analysis, planning and simulation tools, as well as platforms that can help you trade effectively.
50+ Best Stock Investment Analysis and Portfolio Planning Tools for Beginners
- A Discount Brokerage
If you are new to investing on stock, one thing you have to note is that you need a discount brokerage for all your transactions and investment. A discount brokerage typically helps you to reduce the amount you have to pay to brokerage firms.
Less money in the pockets of your brokerage means more money in your pocket. The best discount brokerage for you depends on your investing style. So you have to make sure to take the time to pick out the best one for you. TD Ameritrade and Fidelity offers hundreds of no load ETFs, making those brokerages a good choice for index fund investors.
- Personal Capital
If you are a beginner in the stock market business, one good tool you must have with you is called personal capital. Personal Capital uses an encrypted read only connection to connect to your bank account. This tool helps you to analyze your investment accounts and your spending habits in the same account.
It equally makes it easy to monitor your portfolio’s asset allocation, your 401(k) fees, and even whether you’re on track to retire. Plus, you can budget, track expenses, and get notified of upcoming bills. Investors need to understand how their personal spending affects their portfolio and personal Capital will help you make that connection.
- Free Portfolio Analysis
It is paramount that every investor needs to analyze their portfolio for risk and opportunity. Some portfolio analysis tools cost a lot of money, but there are a couple of free portfolio analysis tools that can provide you the best of services. Since you are still a beginner, it would serve your purposes if you just stick with the freebies till you start raking in the bucks.
Individual stock investors should use DIY.Fund for the best free portfolio analysis tools. The platform helps investors track trades, calculate risk adjusted returns and conduct quantitative research. It will also help you manage your portfolio as a whole rather than just your individual positions.
FeeX is one great tool for examining ETF and mutual fund fees. This tool matters so much because fees are one of the biggest drags on investment performance over time. Paying too much in fees can cause you to lose out on thousands of dollars over time.
What makes FeeX so great is how easy it is to use. You simply connect your brokerage accounts, and FeeX analyzes your portfolio and calculates your costs. If there is a similar fund with a lower cost, FeeX will suggest it for you, and show you how similar it is. It will also show you how much you could potentially earn more over time by switching.
Yet another tool that can be of great help to you as a beginner in stock market investing is Trade12. This company offers a minimum investment account that is best for beginners. Even though this platform is great for beginners, but it can also allow you to transfer to bigger types of accounts when you think you are prepared to invest more.
They also have free guides, e-books, and video tutorials that can help newbies in trading. With their reliable multi-lingual customer service representatives, you need also not to worry of any problems that may arise because they are always at hand to sort you out.
Another tool that can come in quite handy in you investment goal is Yewno|Edge. This tool is the answer to information overload for financial professionals and individual investors alike. The AI-driven platform aggregates both fundamental and alternative data to give traders actionable insights. What this means is that you will spend less time reading through hordes of data and news articles, and more time trading.
The platform allows users to evaluate a company’s exposure to abstract and ill-defined concepts like “data privacy” and “autonomous vehicles,” and also build portfolio strategies around such concepts. Users can also leverage the platform to set up alerts, as well as conduct enhanced company research that reflects data beyond what a company reports itself.
Undervaluation and overvaluation can sometimes pose a problem when you are trading the markets, and that is where the functionality of this tool comes in. Stock investors use StockCharts to discover moments of extreme undervaluation and overvaluation in a visual way that removes confusion. The charts allow you to better see the past direction of the market and help you make better forecasts of what might happen in the future so you can find stocks that are on an upward trajectory.
- Stock Trading Simulator
Stock trading simulators are one tool you cannot do without if you are new to the business of stock trading. The primary purpose of stock trading simulators is education – they are designed to allow people to learn the basics of stock trading in an environment in which it is safe to make mistakes, thus allowing people who are new to trading or long-term traders who are looking to begin day trading to play with fake money.
This gives them a chance to learn how the market works, investigate technical indicators, research stocks, and make trading decisions without risking their own money. Although reading about stock trading and investing principles can be a useful start, a simulator allows new traders to move from theory into practice before committing to a strategy.
- Trading Social Network
For some who is still juvenile is stock trading, it would do you well if you have professionals you can ask questions from and who are will to share day to day experiences of the market with you while also providing you with useful tips. One place you can find these professionals is is trading social networks and one of the best in the field is eToro.
eToro is the world’s leading social trading network. Powered by millions of users from over 140 countries, eToro has been able to refine their knowledge and experience into practical trading tools.
Alongside being a one-stop shop for stock trading, online investing, crypto trading and much more, it has also introduced many novel social trading features. The array of social features eToro offers is vast and extends well beyond the trading platform itself.
While pioneering social features and making the financial market more friendly and accessible to almost anyone around the world, eToro has also extended its reach and is maintaining active social channels. Note that there are other trading social networks that are equally good to belong to.
- Wealth Lift
One thing you need to have loads of when starting your stock market investment journey is education, and you need to have lots of it. There are various companies that have taken it upon themselves to provide the necessary lessons that can ensure you don’t step on a mine while navigating the market. Wealth Lift is one of the. The company provides structured video lessons and after-lessons quiz to make sure you are able to grasp what is being taught.
Finviz is a useful tool that would help you in carrying out regular market analysis. This tool provides sector analysis over different time frames with its charting tools, customizable on intraday, daily, weekly and monthly time frames. Some people refer to it as the best super simple engine on the Web, when it comes to market analysis.
Amibroker is a widely popular trading tool across the globe and it aids both discretionary and system traders. It comes bundled with a highly powerful backtesting and optimization engine, apart from the usual charting features.
One can code custom indicators and also build a fully automated trading system out of Amibroker. In order to build a trading system through Amibroker you need to be acquainted with Amibroker formula language (Amibroker AFL). It’s a high-level programming language and very easy to understand if you start from basics.
- Wave Monitor
Research has shown that the markets go up and down in waves. If you know the size and frequency of these waves, you can easily make profit. The Wave Monitor tracks up to 18 different waves and displays the 3-month, 1-year, 3-year, and 5-year returns for each wave.
Instantly you will be able to see which wave is consistent, which wave is hot now, or even how many trades in a year would be required of each wave. Knowing how high and how low the markets will move and how fast, allows you to be more consistent with your trading and cashing in more winners whether you use the info to trade ETF’s, Futures, or options.
- Ripple Monitor
Sometimes news or events occur that disturb the markets. The waves (the ups and downs in the market) increase in size and frequency (volatility is increasing). These ups and downs move in a progression getting bigger and bigger (or vice versa).
The role of the Ripple Monitor is to watch the volatility in the market and alert you as to which wave is next to hit a gain of 50% or more within a three month time frame. Armed with this information, you can set your Market Timing Indicator to email you the ups and downs of this wave. This tool is very useful to beginners.
- Market Timing Indicator
This tool is the backbone of the trading system. For the market timing indicator, you can tell it which wave you want to trade, and it will send you an email when that wave hits a peak so you can cash in or if it has bottomed and ready to rally.
All you need do after getting an alert is to login to your brokerage account and spend a couple minutes making the trade. Depending on the wave, trades could occur anywhere from 2 per year to 2 per month. If you are working at 5 minutes per trade, that means you are spending only 10 minutes to 2 hours per year trading the ups and downs in the market.
- Major Trend Indicator
As far as the stock market exists, there would always be major and minor trends. What works in a Bull market does not always work in a Bear market. The Major Trend Indicator sends an alert, in advance, of a 15% drop or rise in the Russell 2000 index. This tool has correctly predicted drops and rallys of 15% or more in the markets on 3 out of 4 occasions since 2011.
- TD Ameritrade
TD Ameritrade is beloved by beginner and seasoned traders alike for one reason; it has absolutely everything you need to trade stocks with success. The brokerage offers traders real-time quotes, third-party research, Yahoo! Finance news streaming, social sentiment tracking and planning tools on its web platform.
This web platform also has a sister platform called thinkorswim that serves you in other ways in the market. It gives traders access to advanced tools like market scans, thinkManual and tutorials to make sure you get the most out of the platform.
The best part of this tool is that you don’t even have to pay for another subscription service for the thinkorswim model. And no, it’s not another freemium model masquerading as a free service, it’s absolutely free for account holders.
18. Charles Schwab
Charles Schwab is another stock trading platform that is most beneficial to new traders. This platform gives its customers a wide range of assets to trade with, including hundreds of commission-free exchange-traded funds. The optionsXpress platform has been completely integrated, including the well-designed All-in-One trading tool, which is built into the mobile apps.
Once you’ve logged in to mobile, you can access streaming news about your portfolio holdings on that device. You’ll find numerous security options, such as masking your account balances, which will come in handy when you’re placing a trade in a public place.
Charles Schwab also received awards for Best Overall Online Brokers, Best Web Trading Platforms, Best for International Trading, Best for Options Trading, Best for Penny Stocks, Best for Beginners, Best for Roth IRAs, Best for IRAs, and Best for ETFs.
Acorns is helping out beginning investors, by letting them save up their spare change and investing in a diversified portfolio $5 at a time. Since a huge deterrent for potential young investors is the minimum opening requirement or broker fees, the company puts a lot of emphasis on starting small.
Webull is a brokerage that is accessed through their mobile app. It features commission-free stock and exchange-traded fund (ETF) trading. The broker is tailored towards intermediate and experienced self-directed investors and traders.
It is most well known for their commission-free structure which allows active traders to save a considerable amount on commissions compared to others. Webull’s platform allows you to analyze recommendations, revenue and historical earnings per share data. You can also access key statistics, insider trades, stock information such as earnings, dividends and stock splits and news feeds.
- Investment Account Manager
Investment Account Manager is sophisticated investment portfolio management software. The product was designed by professional money managers and used by investors globally since 1985. The goal of the software is to help you understand and manage your investment portfolios.
The software for individuals is suitable for both newbies and seasoned investors. Investment Account Manager is designed for investment management, not budgeting, debt or other financial management tasks, but it is good in its chosen areas.
As an investor, both new and old, you need to screen a list of stocks first to see if they are worthy of investment before you buy. A stock screener is a tool that investors and traders can use to filter stocks based on user-defined metrics. Stock screeners exist either for free to a subscription price on certain websites and trading platforms. They allow users to select trading instruments that fit a particular profile or set of criteria.
For example, users are able to screen for stocks by their price, market capitalization (market cap), price-to-earnings or P/E ratio, dividend yield, 52-week price change percentage, average volume, and average five-year return on investment (ROI), among others. There are a number of stock screeners you can use, and you can just find the best one for you.
- Wall Street Survivor
Wall Street Survivor is a tried and true stock market simulator. It has been in the game for quite a while and definitely qualifies as one of the best stock simulators in the market. It offers a wealth of personal finance and investment knowledge you can absorb at your own speed.
While you’re practicing and becoming more proficient at trading, you can also effectively be earning a graduate degree in investing. Articles, videos, and other source materials are updated daily, so you’ll never want for information. To assess your skills or knowledge, you can take one of the hundreds of tailored quizzes. These are designed to help you digest and integrate information that you’ve studied.
You can use Wall Street Survivor to trade your way to the uppermost tier of investors playing the game. As you put into practice the investing skills you’ve learned, you can earn additional virtual cash, badges of achievement, and prizes that include eBooks, subscriptions, and even real cash.
This is another veteran entry in the world of stock market simulators. HowTheMarketWorks is near the head of the pack among free simulators tailored for the beginning investor. This simulator is a streaming stock market game played in real time.
It’s used by nearly half a million investors, financial professionals, and school classes every year. HowTheMarketWorks, just as its name indicates, is ideal for beginners. It offers all the educational materials and tools needed to obtain a firm, basic understanding of how the stock market works.
This simulator isn’t just for beginners though. It offers sophisticated trading and investing simulations with the ability to practice trading global stocks, ETFs, mutual funds, options, and even commodity futures.
As soon as you sign up, you are instantly offered access to thousands of articles, quotes, charts, Wall Street analyst ratings, news, and financial statements from publicly-traded companies. A complete package, HowTheMarketWorks provides users with tools such as financial calculators, lesson plan rubrics for teachers, and hours of informative and entertaining videos.
- MarketWatch Virtual Stock Exchange
The MarketWatch Virtual Stock Exchange (VSE) Game allows users to create a portfolio and trade stocks in real-time. This is in fact another well developed stock market simulator that comes in form of a game. Once you’ve joined a game, you can discuss strategies with other players.
You can also develop your own game for others to join and compete in. You begin by choosing a list of stock symbols to trade in your portfolio, and then develop a custom Watch List alongside your holdings. When you’re ready, turn on advanced features like limit and stop loss orders.
By providing access to interact with other traders, this program offers the opportunity to learn from a variety of skilled traders with diversified backgrounds and trading strategies. In the end, this stock simulator can be an excellent platform to help you build up your investing muscles.
- NAIC Software
The National Association of Investors Corp. (NAIC) is a nonprofit investment education organization that teaches a long-term approach to investing in stocks. Their primary analysis tool, the Stock Selection Guide (SSG), was developed in the 1950s but still works well today. Of course, for decades the SSG was purely a pencil and paper tool, but that all changed in the 1980s as personal computers became popular.
Today, NAIC offers four separate fundamental analysis programs for Windows: NAIC Classic, Investor’s Toolkit, NAIC Stock Analyst, and Take Stock. Although the programs share a common approach to stock analysis using the SSG, each offers features and functions geared to investors at different levels of experience.
- Value Line Investment Analyzer
The Value Line Investment Analyzer provides an electronic version of data and analysis for over 1,700 stocks. With this software, users can screen and sort stocks and industry groups, as well as access all the text for Value Line analyst reports and recommendations. An optional Small and Mid-Cap edition adds another 1,800 companies, albeit in less detail.
The Investment Analyzer provides 350 search fields for each stock, 60 charting and graphing variables, and 10 years of historical financial data. The portfolio management module enables you to create and track stock portfolios and update prices via the Internet. If you use any technical indicators in your stock analysis, the software can also create 60 different technical indicators and 20 different charts.
- Expert Investor
Expert Investor is another stock investment analysis tool that would greatly benefit the juvenile investor. This low-cost ($25) Windows application looks at qualitative and quantitative factors to determine the fair value for a stock. The program starts by prompting you to enter up to 18 years of historical financial data for a company.
Based on the growth of earnings or equity, it ascertains a fair value for the stock and suggests whether the stock is a weak or strong candidate for investment. Then, it prompts you to consider the company’s products and brand value, along with your level of understanding of the business. It calculates several financial ratios and makes a final assessment of the company’s potential.
RobinHood is another go-to trading tool if you are still new to the business of stocks. Basically, in exchange for no brokerage advice, the app allows you to make free, no commission trades through their iPhone app. The huge advantage to free trades is that you can take advantage of slumps in the market to buy a share or two of these companies as your funds allow. This is a good tool to look into if you are short of trading cash.
Obermat is an excellent stock research tool that can benefit new stock traders in more ways than one. The app offers thorough stock analyses of a quality that would otherwise only be available to financial professionals. This is especially useful for self-investors with basic investment knowledge but little time.
GetStocks is another trading tool that is good for beginners. Their unique social feature allows users to follow one another for a fee, so less experienced users, for example, can see what trades are being made by successful traders in the ecosystem and get an insight into strategies they could also adopt. Taking this a step further, the “Piggyback” feature allows users to allocate an amount of money to directly mimic trades by a user of their choosing. Both these features is excellent to help new investors learn quickly.
E-Trade isn’t just a stock trading platform, it ranks among some of the favorite stock trading brokerages for a number of reasons, namely its access to real-time data, research and analysis in its brokerage platform. After all, nothing is more powerful than historical and real-time data that empowers you to act on the best stock trades possible. E-Trade also offers an array of educational resources: webinars, blog posts and news for traders.
eSignal is one stock trading tool that is able to offer you a little bit of everything. It can range from market quotes to charts and creation of a custom workspace. eSignal is an all-in-one trading platform with full customization and intuitive interface.
The new trade manager allows users to view in real time the current market depth to effectively place trades and manage orders quickly. eSignal includes access to powerful fundamental data, an integrated research window to view company profiles, financials, analyst ratings, plus much more.
TradingView have over 160 different indicators, covering everything you could possibly need and a lot more. TradingView also has an exceptional selection of drawing tools including tools unavailable on other platforms such as extensive Gann & Fibonacci tools. 65 drawing tools and hundreds of icons for your charts, notes, and ideas. Your account is fully synced on every device. All changes that you make in the web platform will be in the mobile app and vice versa.
TC2000 is aimed squarely at those trading Stocks, ETF’s, Mutual Funds and Options, specifically on the U.S.A and Canadian Markets. The software is first class, and it runs on PC, Mac and Tablet SmartPhones, and requires zero complex configuration.
The TC2000 mobile experience is also very nice and their App for iPhone and Android come highly recommended. Support is excellent both on the forums or via the phone where you get to speak immediately with skilled personnel in the U.S.
The app also has telechart that has an excellent array of technical indicators and excellent drawing tools, from OBV, RSI and Bollinger Bands to Fibonacci Fans, etc. With over 70 different indicators you will have plenty to play with, they have also introduced live alerts which you can configure to email or pop up if an indicator or trend line is breached.
TrendSpider is a powerful tool for charting and analyzing stock market trends. It may not have the most chart drawing tools or the most indicators or even stock chart types, but what it does have, has forced reviewers to recommend it for Technical Analysis. TrendSpider is doing something completely different.
Firstly, they have automated trendline detection and plotting. Secondly, they have an automated multi time-frame analysis, which means being able to view multiple time-frame charts on a single chart. Thirdly they have advanced plotting of support and resistance lines into a subtlely integrated chart heatmap.
This has three huge benefits:
- It saves experienced and professional analysts a lot of time.
- It uses mathematics to help traders spot trends they would have missed.
- It helps beginners to learn how to draw trend lines.
Optuma software is a high-end Technical Analysis platform that offers its users a second to none RRG experience. This implementation goes way beyond the standard Relative Rotation Graph and also offers their users a wealth of additional functionality to make all your analysis work based on RRG even more actionable. On the Optuma site, you will find a lot of resources around Relative Rotation Graphs and general information on the extensive capabilities of their software.
To top it off they have also implemented an excellent astrological analysis suite as an upgrade for those who roll that way.
Equity Feed is an online program that acts as an informational platform developed for individual traders. It collects real-time information from the market and passes it on directly to your feed, thus helping you make informed and sensible trading decisions.
The trading platform comes with ultra-compelling features and a rich suite of trading tools thus revolutionizing the way day traders monitor and implement trading strategies. It is designed to connect with multiple markets offering traders a chance of locating trading opportunities as they occur.
The company was founded in 2002 and since then, it has been providing innovative trading solutions for day traders. Thanks to improved technology, EquityFeed has re-developed and re-designed its trading platform to offer users with an all-powerful platform. EquityFeed costs anywhere from $135 to $255 a month depending on which U.S. Exchanges you subscribe to for quote data.
NinjaTrader LLC is a software development company best known for its award-winning NinjaTrader trading platform. NinjaTrader offers a feature-rich platform for active traders of futures and forex. Traders get free access and can engage in trade simulation, backtesting, signal development, and comprehensive evaluation of the program until they are ready to begin live trading with the platform. Demo accounts last for one month, but a new demo account can be opened after expiration if needed.
NinjaTrader’s award-winning trading software is consistently voted an industry leader by the trading community. Featuring thousands of Apps and Add-Ons for unlimited customization, NinjaTrader is used by over 40,000 traders for advanced market analysis, professional charting and fast order execution.
Established in 1982, TradeStation offers experienced and casual traders the trading tools they need to succeed. TradeStation’s advanced trading platform has been awarded Best Platform Technology for the past six years. For active traders and day traders, TradeStation was rated 5 stars and comes packed full of tools and functionality. Trades are just $5 and users can even code their own apps using the broker’s proprietary EasyLanguage programming language.
Unique to TradeStation, active military personnel, veterans, and first responders can sign up for the TradeStation Salutes program, which provides 100% free stocks, ETFs, and options trades. TradeStation Web Trading is easy to use and provides traders a way to manage active positions, open orders, watch lists, conduct stock chart analysis, and place trades with ease (ladder trading via Matrix included). The chart-trading functionality alone is superior to many flagship platforms.
QuantShare specializes is a stock analysis tool that allows Quantitative Analysts to share stock systems. This means they have a huge systems marketplace with a lot of accessible content that you can test and use.
They do also offer point and click implementation of systems also. Another awesome feature they have is that they offer Artificial Intelligence integrations via the AI Optimizer, which allows the system to combine different variations of rules within your set boundaries to see which rules work best together.
They also have what they claim to be powerful prediction models using Neural Networks. This is a seriously advanced software for those with the inclination to test, forecast, predict and automate.
Vanguard is a trading platform that is synonymous with low-cost investing. The company has a solid reputation for the well-below-average expense ratios investors pay on its index funds and exchange-traded funds. For long-term investors looking to pair a buy-and-hold strategy with the lowest-cost offerings, it’s hard to beat the service and selection found with Vanguard.
New features added recently include commission-free online transactions on about 1,800 ETFs; lower investment minimums for nearly 40 of its lowest-expense index funds; and an expanded lineup of proprietary, low-cost, socially responsible ETFs.
Vanguard has a basic online trading platform that comes with mutual fund and ETF screeners to help you decide on which fund is right for you. That’s in addition to a variety of other investment comparison tools, including investment calculators to help you determine which investments will be right for you.
MarketSmith has set its place as one of the best comprehensive stock research platforms around. You can stream everything to one window: Stock charts, pattern recognition and its patented Growth 250, a curated list of ready-to-pivot, high-potential stocks. MarketSmith can give you confidence, set price alerts and optimize your research time. You can try MarketSmith for $19.95, and after that, it’s $149.95 per month.
The so-called “Twitter for investors,” StockTwits is a community of traders exchanging ideas, news and complaints. This makes it a good platform for people who are still new to the business of stock trading. When you post a message, you’re supposed to check a box indicating if you’re bullish or bearish about the stock you’re posting about, and it’s fascinating to see how investor sentiment changes over time.
- Interactive Brokers
Founded nearly 40 years ago, Interactive Brokers (IBKR) is known for its industry-leading commissions schedule, margin rates, and support for international trading. Interactive Brokers offers six different platforms that give you access to trading via downloadable software, its web platform or with your mobile device.
With these multiple access options, you’ll get the PortfolioAnalyst tool and Probability Lab, which helps you explore options trading without understanding the complicated mathematics involved. By presenting one universal portal through which clients can trade on more than 120 market centers in 31 countries, and deal in stocks, options, ETFs, futures, forex, and bonds, Interactive Brokers has something to offer for all seasoned traders.
Stockpile allows investors to buy fractional shares of stock. If the thought of buying a company trading at $1,000 a share scares you, you can buy $100 worth and get 0.10 shares. But Stockpile charges $0.99 to make a trade and requires a $5 minimum investment.
One unique feature of this company is the ability to send gift cards for stocks — you can send someone shares (or partial shares) of a stock and the recipient can exchange that stock for a different one.
Seasonalysis was designed to help investors identify seasonal price patterns and covers more than 7,500 stocks. If an investor wants to know which stocks historically rally in April and for how long, they can use the site’s stock screener. Users have the ability to view specific statistics for every pattern in the database, including entry and exit prices, as well as open and close dates for each year. There is also a ticker profile for every stock in the database.
- Yahoo! Finance
Yahoo! Finance is still one of the best investing information resources available, and their app is my go-to for news and real-time data throughout the trading day. The ability to quickly and easily browse videos, read basic charts and view financials (all for free!) make this app stand out, thus making it almost indispensable.
They’ve recently added a feature allowing you to link your broker account so you can easily trade through the app.
- Ally Invest
Ally Invest consistently ranks well when it come to stock brokers. The brokerage offers some of the lowest stock and ETF trading prices in the industry at $3.95 per trade with volume discounts available. Options trading is affordable as well and sits at around $0.50 per options contract. The platform streams quotes, charts, market snapshots, and historical data online and across all of your devices with the Ally Invest mobile app.
The brokerage also offers retirement accounts, managed funds, and an online banking service if you’re looking to consolidate your investments, checking, and savings into one spot. Another big plus for this company is that they have a live 24/7 support service.
More Stock Investing Tools for Beginners
51. The Investopedia
Since you are a beginner in the stock exchange market, you might find it difficult understanding most of the terminologies and jargons used in the stock market. You don’t have to go to any business school to understand and get used to the stock market lingua.
Investopedia would help you understand all the terms used in the stock market. The authors of this tool had you in mind that is why they designed a dictionary that could help you. With investopedia dictionary, you are able to have an overview of financial terminologies, amongst other benefits and it is offered for free.
52. The Motley Fool
The motley fool investment tool operates under the American on Line (AOL) platform and their aim is to educate, amuse and enrich those interested in investing in the stock market. This tool gives you the opportunity to read various articles and write-ups on investments in stock market.
You can also get to meet with pros on their social media platforms and you could as well ask questions and discuss your ideas and challenges with them. The bottom line is that this tool helps you leverage on the experiences of professionals.
53. Fund Fact Sheets
This investment tool is notable for providing invaluable investment information based on past performances of stocks that can get any beginner started. It also gives detailed historical returns on listed stocks, mutual fund and ETF. Using the Fund fact sheets could guide you towards adopting an investment strategy that works for you. This tool is free to use.
54. The Morningstar
This investment tool is almost similar to the motley fool; they offer users all the information that can guide them towards making good investment choices. One thing that stands out with Morningstar is their risk guiding system. If you truly want to avoid unnecessary risk with your investment as a beginner, or you want to have access to the history of returns of any stock of your choice, then make use of this tool. It is easy to use and you would be loaded with current commentaries on financial and economic matters.
What makes this investment tool stand out from the pack is the option of being able to narrow down your choice of investment based on your required criteria. Finviz has a screen section where you can key in your choice of investment and you would get exactly what you are looking for and all the necessary information that might guide you towards making great choices as a newbie. This investment tool is free to use.
56. Google Finance
This tool will help beginners get real time quotes on stocks, all available financial charts, and the latest financial news. The unique thing about Google Finance is that it can help you manage and track your investment portfolio as a beginner in the world of investment. You can also leverage on their currency converter that is reliable and up to date. With Google finance, you could never miss out of the latest events on Wall Street.
The simplicity of this tool makes it easier for beginners to use because it provides step by step investment strategy. Investots.com ensures that you have all the historical facts about stocks and they use the indices derived to guide investors. The good thing about this tool is that they ensure that their approach towards guiding beginners is not based on people’s opinion but available facts.
This investment tool is designed to help beginners build a foundation for smart investment, and it can guide you towards creating your own diversified portfolio that fits your needs. It can also help you monitor your investment. Using this tool would help you sharpen your investment strategies.
This tool provides one –to – one coaching on investments for beginners at a fee. They offer premier trading education to independent investors. Using investools.com helps you learn the step by step process that could take you from just being a newbie in the stock market to becoming an expert. Make this tool yours and you wouldn’t go wrong.
With these 59 investing tools, you can comfortably move from being a beginner to becoming a pro in the stock market. Make sure you study them in details and get all the information needed before you start investing. Also, another key thing worthy of note is that you must stay optimistic as you venture into this.