Investing in the stock market is one way of increasing your income, though it comes with risks that hinge on several factors, including economic stability, political tides and business trends. It is, at times, difficult to determine the best time to buy and sell stocks, which is why many people hire brokers to deal with the research and making the trades for them. But hiring a broker costs a lot of money that you probably would prefer investing and seeing a return on.
Stock analysis solutions give you all the market trend analysis tools you need help guide you through choosing, analyzing and trading stocks and other investments. These services offer you a real-time, technical analysis of stock trends so you don't have to spend hours, days or months doing the research yourself. Both new and well-versed investors can use the customizable features to help make sound investments in their financial portfolio.
Some of the best stock analysis services are OptionsHouse, TradeKing and optionsXpress because they offer low fees, a wide range of tools, helpful support and sound market advice. If you're looking to dig deeper into the world of stock market investing, take a look at our articles about stock market analysis and trading.
The best stock analysis services have a certain set of features designed to make trading easy, fast and convenient. Some of the most important features include low-cost trades, multiple types of investment opportunities, free and customizable tools and platforms, and 24/7 help and support.
Fees & Commissions
You shouldn't overpay for stock reviews, and many stock analyzer services even offer free tools. You can usually avoid unnecessary annual fees with the best services. Typically, you'll be charged between $5 and $10 for each online stock trade, and sometimes you can get a discount if you make more than 30 trades a year or place a batch of several trades at once. Broker-assisted fees can also get expensive, so try to look for a service that doesn't charge for them. However, broker-assisted trades can cost anywhere between $20 and $50 for even the best stock charting services.
Trading Platform & Research Tools
Stock analysis tools help you make important financial decisions. With the best technical analysis services, you should be able to receive real-time stock quotes, perform automated trading, see charts and graphs, customize watch lists, and do your own research.
You might be interested in stocks, but diversified portfolios are sound financial moves. Many of these services offer options, mutual funds, exchange-traded Funds (ETFs) and IRA accounts. Look for stock market services that have access to the International Stock Exchange or provide forex investment opportunities to help round out your investment opportunities.
Being able to connect to the best market analysis tools is a plus with stock trading. These tools allow you to research market trends, receive alerts and place trades with your mobile phone or tablet. Though not a common feature, some mobile apps allow you to take a picture of a check and automatically deposit into your investment account. Others have barcode scanning that lets you scan the barcode of any product and receive stock information on that company.
Help & Support
Help and support through your investment process can help minimize some of the risk of stock trading. Services that offer 24/7 phone support or live chat are some of the very best. Also, try to look for those that offer a lot of educational material, such as FAQs, webinars, video tutorials and seminars, to help you get a clearer picture of how the stock market works and how to interpret and follow market trends.
Stock market services are there to help you take on the market and make smart money moves. Finding one that has free tools, low costs and helpful support can make all the difference to your financial future.