When it comes to success in the stock market, there are a few things that are of the utmost importance. One of these is speed. Because the price of stocks changes in fractions of seconds, making the right trade deal at the exact right time can be the difference between breaking even. Making a profit, and making a loss.
This is particularly true for casual traders who do not have as much of a margin of error as bigger traders with more money to risk losing. This is why as a new crop of online trading tools pops up, there is a greater emphasis on automation and faster decision making.
One example of this is StocksToTrade, a trading and educational platform for traders of all skill levels. The platform, which users can try for $7 for two week, is stocked with features that cut down the time that a trader would need to take before making a decision.
In fact, the tools that StocksToTrade offers take away a majority of the grunt work from trading and allow traders to focus mainly on making the buy/sell decision, with all the information they need already at their fingertips.
How StocksToTrade Aids Speed
One of the first features that StocksToTrade offers traders is information about all the 19,000 stocks they list at their fingertips. This is listed on the StocksToTrade dashboard and offers insight into the management of the company, its public filings, and other relevant facts. This saves a user the trouble of having to Google or search for this information themselves and this, in turn, means they can make faster decisions.
After all, it is easy to miss out on a prime selling or buying opportunity when you are juggling multiple tabs on a computer trying to find out what year the company’s IPO was held. The same also applies to finding the stocks in the first place.
Users can leverage StocksToTrades filters to find stocks of a certain industry or a certain stock type within seconds. This is a much faster process than manually sorting through stocks and picking suitable stocks one by one.
StocksToTrade also has what it calls the ORACLE that scans through the market and identifies stocks that are on track to make gains or losses in the near future. This means no more guesswork on the part of the user about what stocks might do well.
The ORACLE also gives a range of how far the market change will be, all of this based on data and algorithms and not speculation. With all this information at their fingertips, the StocksToTrade user only has to look through it and decide whether to buy, sell, or hold.
StocksToTrade’s analysis tools go beyond just the stock themselves and also include the discussions being had about the stocks in the social media space. Its system analyzes Twitter conversations and gives in-time reporting about the conversation to the user.
Given how fast social media moves, a user might spend hours trying to catch up and get context about what is being said about a stock or investment. With StocksToTrade, they can see the conversation unraveling in real-time, know what sparked certain discussions and what the market is saying about a certain stock.
Faster Fingers
When we think about it, so much of trading isn’t actually about buying or selling but all the research and investigation that goes into making an informed buying or selling decision. When a bulk of this work is taken care of by your trading platform, you can truly make faster, more convenient, and better-informed decisions.