The single most important thing you can do to be successful in trading Forex or any other asset is to be aware of the current proceedings.
Let’s bring an example. Elon Musk has just been dethroned as the Chairman of Tesla, they both will now need to pay a total of $40 million as fines and their stock prices have gone down because of the backlash that the SEC gave them. Investors started bailing and selling all around. Let’s imagine that you are a Tesla investor and you invested because you like Elon and you trust he’ll do the best for the company. He then goes ahead and posts those tweets that get him into trouble, while you don’t really bother with checking the news. If you checked the news on forex calendar what you could have done was to sell the stocks at a larger price when the whole ordeal had just happened and then bought a lot more when the prices fell and help onto them until they returned to their original price, maybe even doubling your amount. That’s the strength that keeping up with news will bring you. Let us show you some of the best apps for updates about the financial market.
CNBC Finance & Business news App
One of the best apps is featured on the most popular news outlets. These journalists have already figured out that most of their customer base is starting to lose hope in TVs and is mostly looking at news on their phone through their apps. That’s why this app features all the financial information and market data you will ever require. It always notifies you when there is an update or an alert regarding the very important news.
You can even make a watch list which will allow you to track very specific stocks of your choice. Finding them on such a large market can always be such a struggle, but when they are constantly displayed right in front of you it always keeps you in the game.
Barron’s is one of the most popular investing news magazines. Its core attention always falls on the proceedings in the market and makes sure to deliver the most accurate information, hence the large subscriber base. It’s app now also features access to financial analyses done by the experts based in Barron’s helping their readers make a better decision every time they read their articles.
The Bloomberg App
Bloomberg, as you may know, is one of the most credible news outlets out there. They focus on global business and financial news and deliver it to their readers with immaculate research and commentary. You will never read a Bloomberg article and sense some kind of favoritism, hinting at their professionalism.
Their app has already been distinguished by how amazing their journalists are, making it one of the most desirable apps on the store for every news reader. The app will give you the chance to receive all types of market data and filter it with your choice. For example, if you’re a stock trader you’re not very interested in Bitcoin now are you? Like any other credible app, it also features a watchlist for your most desirable or already owned assets.
The Bloomberg app gives access to the company’s global business and financial news, up-to-date market data and proprietary portfolio tools. Bloomberg sets its app apart with articles written by the award-winning business and financial journalists at Bloomberg.
The app allows users to receive the latest market data, which can be filtered by specific regions or sectors. Bloomberg’s watchlist lets users track securities and other investments, and the company’s audio and video services let users receive pertinent financial information with their media channel of choice.
There are many more amazing Apps on the store, but we believed that these 3 are at the top of the game in terms of credibility and accessibility. We suggest you look into them and try them out yourself. Happy trading!
Nick James is a leading financial writer. Stock and currency markets are his main interests, yet recently he became a big fan of the blockchain technology and cryptocurrency trading. At CoinStaker Nick will be overviewing various regulatory updates as well as providing insights on various trading strategies.
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