Have you thought about investing in the stock market, but you’re worried it’s too risky?
Maybe you’re in need of a free beginners guide to investing in shares, but don’t know where to start?
Well, get ready to improve your investing know-how with these 5 websites and apps.
They’re going to give you the information, tools and skills you’ll need to go from market newbie to trader pro…
Table of Contents
- 5 Websites And Apps You Need If You’re Bad At Investing Money
5 Websites And Apps You Need If You’re Bad At Investing Money
Learn The Basics Of Investing & Trading
Optional Alpha has a course of over 100 FREE beginner to intermediate level video lessons all about trading.
Each video breaks down otherwise complex concepts into easy-to-follow bite-sized morsels of information.
For ease of learning their video lessons are grouped into core modules covering topics such as;
- Portfolio Management ~ How to manage your investments and minimize the risk.
- Pricing & Volatility ~ Understanding why the market moves the way it does.
- Earnings Trades ~ How to read and understand company quarterly earnings announcements.
- Plus there’s so much more!
Best of all when you sign up onto their free membership website there are;
- No Fees
- No Credit Card Information Requirements
Want An Additional Course Covering All Areas Of Financial Planning?
Investopedia has free guides and detailed tutorials covering just about every aspect of money and personal finance.
Avoid Paying Costly Brokerage Fees & Commissions
The free Robinhood mobile app lets you dip your toe into the trading world without having to take big risks.
If you took the usual route of investing through a broker firm you could find yourself pressed to risk more than you’re willing.
In fact, it’s not uncommon for stock brokerages to set their clients a minimum deposit requirement of $25,000!
Not so with Robinhood. On their trading platform you’ll find that there is no minimum investment amount required.
Instead, Robinhood is a simple clean app that lets you easily buy and sell stocks all from the comfort of your phone.
And better yet, they don’t charge you any brokerage or commission fees either.
Want To Invest In High Priced Popular Stocks But Can’t Afford Them?
4). Check Out Stash
The most popular stocks on the market can be very expensive – especially as demand drives up their price.
Amazon – a company valued at over $915 billion – currently has a share price of over $1,800 per share.
However with Stash you can buy Amazon shares for just a few bucks.
Now you’re able to do this through Stash’s ‘fractional share feature’.
Put simply, ‘fractional shares’ allow you to buy a small piece of a whole share.
This feature then means that you can invest and test your trading skills on a very small amount of money.
Follow Top Stock Market Traders via ‘Social Trading’
5). Check eToro
What can you do if your trading personality type prefers a more passive approach to investing?
Well, you could decide to lean on the investment wisdom of more experienced traders.
If that’s the case, then eToro might be the website for you.
The eToro trading platform offers a simple way for you to check, track and copy the trades of other investors.
This modern way of investing is called ‘Social Trading’ and its popularity has grown massively in recent years.
Social trading, according to Wikipedia, is a way for “investors to follow, share and replicate the trading strategy of expert traders using copy trading or mirror trading techniques”.
Social trading is a service that allows investors to follow, share and replicate the trading strategy of expert traders using copy trading or mirror trading techniques. (Wikipedia.org)
And with eToro not only can you ethically replicate another trader’s strategies, you can also automate the process entirely.
Simply select the trader you wish to copy and eToro will automatically replicate that traders portfolio.
However, before you go rushing to open an eToro account it’s important you’re aware of the potential risks.
That’s because a traders past performance is no guarantee of their future performance.
In fact, you should not put money into any investment platform unless you’re prepared to risk losing all of your investment capital.
So buyer beware! Although there’s opportunity to make a passive return on your investment it always comes with risk to your capital.
You should not put money into any investment platform unless you’re prepared to risk losing all of your investment capital.