The best apps for buying stocks & shares | 2021

The best APPs for buying shares

August 13, 2021
1 month ago

If you are at the point where you want to know how to buy shares, but don't know where to start, this is the article for you, so let's get to it!

Shares in a company give you a proportion of a company, and therefore you can receive shares and dividends just for having them. In this case, the trader is an intermediary who buys and sells them in order to make a profit on them. However, it is not easy to know which app is the best for buying shares. This article will reveal the best apps for buying stocks.

What do you need to get started in trading? Before you start buying stocks, you need to be aware that you will need a number of tools to make your job easier. The vast majority of traders have apps for trading on their smartphones but the best way to do it is on a computer because of all the advantages:

  • The first of these is the screen. Buying shares can be done in an instant, but you must calculate the exact moment to buy them, otherwise your profit margin will end up in the same place as the bank's letters offering new crockery. An extra (or large) computer screen is a key piece of equipment to be able to monitor the stocks you are interested in. Could it be done with a mobile phone? Yes, but it would be more complicated to be able to keep an eye on everything that is happening in the markets.

  • The connection. Your Internet connection also plays an important role when buying and selling shares. A good, fast and stable connection is essential to ensure that your buy and sell orders are executed correctly. It is common that, even if the mobile speed is correct, the coverage can fail us and that should never happen!

We don't want to encourage you to trade exclusively with a computer. Having your mobile ready for immediate purchase can also be a complementary way to go about trading.

So, Which apps are the best for buying stocks?? There are plenty of apps for buying and selling stocks in 2021, each with its own tools. Some specialise in Social Trading, others in Forex and others in Cryptocurrencies, and it's your job to find out which one to use:

  • Robinhood. If you are looking for an app that is simple to use, then Robinhood can be your ally. To use the app, you will need to have a credit card and a USD bank account. It is free to use but there is a fee for each stock transaction. However, if you can only buy one share, it is still a very cheap option.

  • Naga: This app is a favourite for traders who are just starting out and are still learning to trade. It is free and is available for Android, iOS and Windows. It allows you to copy the trades of other professional traders, as well as read and share the experiences that other traders have had with their trades. Naga has multiple payment methods available, as well as trading and investing in more than 950 of the world's main instruments, from currencies to futures, commodities, stocks, indices, cryptocurrencies, etc.

Its tools for Copy Trading and Social Trading make it a unique trading application and one of the best options. And to add to all that, it also offers free seminars and courses to all its members - just for registering.

  • eToro: We are sure you are familiar with this app. With it you can access hundreds of different opportunities to invest in stocks. You also receive real-time notifications and alerts via your wallet about what is happening in the market and within the platform. You can use it on your mobile and on your computer, whichever way you prefer.

  • NinjaTrader This free app is also widely used by more experienced traders and is geared towards advanced charting, backtesting and trade simulation. It has a simulation module available to put your trading strategies into practice, but you will have to pay for the premium features.

We would like to remind you that buying and selling stocks involves risk and should not be done lightly. These applications are designed to make it easier for users but they are not going to give you anything for free, so you will need to study them thoroughly if you are not yet experienced. The best way to do this is to start with an application that allows you to have a DEMO account, like this one, so that you can dedicate some time to test it without risk.

We hope we have helped you once again. May the market be with you!

Canal Trader.

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