Trading and investing have undergone a revolution, from the early days of pits filled with shouting, hand-waving brokers to the advent of electronic systems in the 1980s.
Now, anyone can invest or trade almost any asset class imaginable. All it takes is a few taps on your smartphone. You can do the research, track the prices of stocks and commodities, and buy and sell in seconds — without consulting anyone.
One of the major benefits of investing in an app is its flexibility. But this can also be a drawback if you don’t understand the basics. So, what can you buy or trade through an app?
Here are a few basic options including assets and contract types.
Each of the options listed above has different costs and risks associated with them. Take the time to research before investing!
Once you understand the basics of trading and investing, it is time to find the right app. To make a good choice, consider your overall risk tolerance, what type of investments you are interested in, and whether your goal is long or short-term.
These trading apps are a few of the most popular options:
If you are interested in investing but aren’t sure what the next step is, investing and trading apps are a good place to start.
More experienced investors will appreciate the low costs and conveniences of an app that lets them buy, sell, and trade right from their mobile devices. Keep in mind that some investment apps only allow you to trade specific types of investments — such as crypto or options. If you want a diversified portfolio, select an app that offers access to several investment options.
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