Investing is a difficult game to get into. You know it, I know it, we all know it. Some people on social media or YouTube try to make investing look easy. Perhaps some of the principles or techniques are easy to understand, but consistently making a profit on the stock market is as difficult as it gets. Most professional fund managers have difficulty beating the benchmark S&P 500 index yearly. But we’re here to show you the best investing apps for beginners so you know where to start.
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Best Investing Apps for Beginners
You will make some mistakes when you start investing in the stock market. That’s okay!
The reward for learning to trade stocks and hold them is wealth beyond anything imaginable when you first begin. There’s a reason why compound interest is called the eighth wonder of the world. So, if you are new to investing, there’s no shame at all in looking for help. There is an app for everything, so why not try a few out? Investing in apps can be a great way to learn the ropes, gain valuable information, and educate yourself on the stock market.
Not too long ago, Yahoo was one of the world’s largest search engines and email providers. Today, people use them for fantasy sports and the Yahoo Finance app. I think our association with Yahoo Finance comes from the fact that it’s always the first search result when we search for a stock.
1. Yahoo! Finance Premium
Yahoo Finance also offers the Yahoo Finance Premium membership, offering users features like advanced portfolio analytics and enhanced charting with technical analysis. The premium membership will cost you about $34.99 per month or $349.99 annually. It’s not cheap, and to be honest, many of the premium features can be found for free on other sites. People also consider Yahoo Finance a free site, so it won’t be easy to convince members to start paying for services they can get elsewhere.
Yahoo Finance is a staple app for investors of all experience levels. It is free to download and use and provides up-to-the-minute news and information on all your favorite stocks! And that’s why they’re included in our list of investing apps for beginners.
Intuitive App
Well, luckily for us, the app is intuitive and easy to use. I love that you’re immediately taken to your watchlist when you open the app. This watchlist is completely customizable.
And you can arrange it in any order you want. Anything you can invest in on an exchange, Yahoo Finance offers the ability to add it to your watchlist. You can even add stocks that are trading on non-U.S. exchanges! One of the best features is the amount of news and research you can conduct directly on the app. Not only can you look at each stock’s chart, but you can check out the options chains.
And see the stock’s historic activity as well. Under each stock’s page, you can find related articles from publications like the Motley Fool, Barron’s, and the Financial Post. Yahoo has streamlined all of the information you need into one convenient app.
So, while that was one of the best features, the chat isn’t great. I don’t know what Yahoo can do to clean this up, but the chats are full of spam and bots. It’s to the point where it’s not even worth entering a discussion.
You’re better off heading to a site like StockTwits. Another pet peeve is that Yahoo lists any class action lawsuit articles against the company in the newsfeed. There has to be a better way to do that, Yahoo!
COURSE |  |  |  |
|---|---|---|---|
| DESCRIPTION | Learn how to read penny stock charts, premarket preparation, target buy and sell zones, scan for stocks to trade, and get ready for live day trading action | Learn how to buy and sell options, assignment options, implement vertical spreads, and the most popular strategies, and prepare for live options trading | How to read futures charts, margin requirements, learn the COT report, indicators, and the most popular trading strategies, and prepare for live futures trading |
| INCLUDED | Daily watch lists • Trade rooms • Trading scanners • Discord • Live streaming Day Trading > | Daily watch lists • Trade rooms • Options scanners • Discord • Live streaming Options > | Futures target levels • Trade rooms • Real time teaching • Discord • Live streaming Futures > |
2. Twitter
When you think of Twitter, do you consider it an investing app for beginners? I do! Twitter can be used in countless ways. But FinTwit, or Financial Twitter, is one of the strongest segments of the app.
Come for the knowledge, stay for the interaction! FinTwit can be a volatile area of Twitter. People can often get sensitive when discussing money. But if you can wade through the drama, there’s a goldmine of free information at your disposal!
First, don’t ever believe what people post about their portfolios. Screenshots can be edited. And many FinTwit furus have been exposed for being frauds. So, how do you find the helpful ones? I like to find people who consistently tweet about stocks I follow. You can find them by searching with the cash tag and the stock ticker symbol: $TSLA or $AAPL.
People on FinTwit also like to give each other a lot of shoutouts. From here, you can decipher who to follow and who to avoid. Once you can narrow it down to a select group of investors who share their knowledge and thoughts, it’ll open your eyes to the investing world.
Twitter is easy to use. Do you want to learn about options? There are tons of active options trades. Do you want to learn about cryptocurrencies? Crypto Twitter is even more volatile than FinTwit!
Ultimately, Twitter is an incredibly powerful tool that can help if you learn to harness it correctly. Find great investing minds and avoid those wanting to charge you to join their Discord channel. FinTwit is an endless ocean of priceless information; you must avoid garbage.
Best Trading Companies
3. TipRanks
TipRanks is an app that doesn’t get enough love in the investing community. This is why we added it to our list of investing apps for beginners. It’s incredibly helpful and easy for investors of all experience levels. So, what is TipRanks? It is a database of nearly every online financial blogger or writer and how they rank against each other. This helps you weed through the spam bloggers and find the ones who write helpful articles.
Of course, you should never unthinkingly follow a blogger or writer on investing advice. Always do your due diligence before making a trade because you never know their motives. Remember that bloggers are taking the time to share their thoughts, while writers are hired guns that can turn water into wine on a page. Not that writers are not truthful or helpful, but always remember who is getting paid to pump those articles out.
TipRanks offers other helpful tools, including stock screeners, stock comparisons, and portfolio management. You can integrate your brokerage account directly into TipRanks if you desire. There are two tiers of pricing for TipRanks, which run $29.95 per month for Premium and $49.95 per month for the Ultimate service. Is it worth the premium charge? That’s up to you, but again, like Yahoo, TipRanks is helpful to new investors without even adding the premium membership.
TipRanks has a mobile app that is free to download and works on both iOS and Android. As a new investor, you must learn who you can trust early. Finding the best investing bloggers and writers is a great way to ensure you are getting unbiased and accurate information.
Final Thoughts: Best Investing Apps for Beginners
There are hundreds of other financial and investing apps available to new investors. I wanted to choose the three best investing apps for beginners that are free to download and use and provide different types of information. Yahoo Finance is an excellent place to monitor your watchlist from day to day. The app has excellent and trusted news sources providing up-to-the-minute stock market coverage. Add any ETF, fund, currency, or crypto to your watchlist!
Twitter is an app that is incredibly valuable to new investors. FinTwit can be difficult to navigate, but once you have found some core investors to follow, the knowledge you can extract is priceless. Finally, TipRanks is our favorite way here at BullishBears.com to determine how legitimate financial bloggers are. We want to ensure the articles we read are accurate and trustworthy, and TipRanks is the best way to ensure that!
