Trading is the practice of buying and selling financial instruments such as stocks, bonds, commodities, currencies, and derivatives. The goal of trading is to make a profit by buying an asset at a lower price and then selling it at a higher price.
Traders can use a variety of strategies to make a profit. Some traders use technical analysis to try to identify patterns in the price movements of a stock or other asset, while others use fundamental analysis to try to identify companies that are undervalued and likely to increase in value.
Trading can be done through various platforms such as stock exchanges, Over The Counter (OTC) market and electronic trading platforms. In stock exchanges, traders buy and sell stocks through intermediaries known as stockbrokers, while in OTC markets, traders trade directly with each other without the use of intermediaries. Electronic trading platforms are now popular, which provide traders with access to global markets, and also allow them to trade with lower cost and faster execution speeds.
Popular mobile apps to learn about trading:
- Robinhood: This app is a brokerage platform that allows you to buy and sell stocks, ETFs, and options. It has a simple interface and offers educational resources to help you learn about investing.
- Acorns: This app is a micro-investing platform that helps you invest your spare change. It has a number of educational resources, including articles and videos, to help you learn about investing.
- Stockpile: This app is a brokerage platform that allows you to buy and sell stocks and ETFs. It has a number of educational resources, including articles and videos, to help you learn about investing.
- Stash: This app is a micro-investing platform that helps you invest small amounts of money. It has a number of educational resources, including articles and videos, to help you learn about investing.
- Investopedia: This app provides educational resources, including articles and videos, to help you learn about investing. It also has a stock simulator that allows you to practice trading without risking any real money.
- E*TRADE: This app is a brokerage platform that allows you to buy and sell stocks, ETFs, options, and other securities. It offers a number of educational resources, including articles, videos, and webinars, to help you learn about investing.
- TD Ameritrade Mobile: This app is a brokerage platform that allows you to buy and sell stocks, ETFs, options, and other securities. It offers a number of educational resources, including articles, videos, and webinars, to help you learn about investing.
- Charles Schwab Mobile: This app is a brokerage platform that allows you to buy and sell stocks, ETFs, options, and other securities. It offers a number of educational resources, including articles, videos, and webinars, to help you learn about investing.
- Fidelity Investments: This app is a brokerage platform that allows you to buy and sell stocks, ETFs, options, and other securities. It offers a number of educational resources, including articles, videos, and webinars, to help you learn about investing.
- Wealthfront: This app is a robo-advisor that uses algorithms to create and manage investment portfolios for you. It has a number of educational resources, including articles and videos, to help you learn about investing.
Trading can be a risky endeavor and it’s important to be well-informed and well-educated before engaging in it. It’s also important to have a proper risk management strategy in place and to not risk more than you can afford to lose.
It’s important to keep in mind that learning about trading involves more than just using an app. It’s important to do your own research and continue learning about the markets and investing strategies.