Top three ways to keep on top of the stock market
The stock market moves quickly. Whether you’re new to trading and want to try the stock markets first or you’ve been doing this for a while and want to expand your portfolio, it’s important that you know how to keep up with the changes that take place.
To help you stay focused on the way the markets move, here are some ways to ensure you don’t miss out.
Financial news and market data apps
One of the most effective ways to stay updated with market trends is by following the latest trading news. As well as the websites on offer, leading sources like the Financial Times and Bloomberg offer mobile applications that deliver real-time updates on stock market movements, including index performance. These apps track both the broader market and individual stock behaviour, so you can move quickly when necessary.
For instance, the MarketWatch app provides comprehensive market data, including index performance and specific stock movements. It also provides alerts to breaking news stories, so you can keep up with anything unexpected that could affect your position.
For index trading, trading platform apps are also useful for displaying the latest market movements. These are often part of the full offering from brokers and can be a one-stop-shop for checking and making tardes.
Economic calendars and alerts
Economic calendars provide schedules of upcoming data releases, central bank policy announcements, and earnings reports that could influence how your stocks fare. Staying informed about these events can help you ready yourself for market movements and adjust your trading strategies if you need to.
Google Alerts is a handy feature for tracking economic events. You can set up alerts for specific keywords related to economic data or market developments, ensuring you receive timely updates directly to your inbox.
AI-driven tools can also be useful. These can analyse vast amounts of market data and provide predictive insights, offering a competitive edge in trading. However, it’s important that traders and investors are cautious about handing over the reins to these tools. It’s worth taking the time to consider your position before you fully jump into using AI.
Financial podcasts and newsletters
Financial podcasts, hosted by experts and seasoned traders, offer in-depth discussions and analysis on current market conditions, investment strategies, and economic forecasts. Listening to reputable podcasts can provide valuable perspectives and help you stay informed about the latest market developments.
Similarly, signing up for financial newsletters means that you can get curated content focused on specific sectors or index performance, delivered directly to your inbox. Look for newsletters from reputable sources with a track record of providing valuable and unbiased information.
Be cautious, as some content may be overly focused on short-term trading strategies. Ensure the newsletters you subscribe to match your trading goals and investment philosophy.
