Best Trading Apps For Beginners
One of the most efficient ways to grow your income over time is through investments. By investing in stocks and bonds that show a gradual increase in compound interest over time, you will be growing your money just by saving it. If you are new to investing, here are some apps that you can look into to get started.
TD Ameritrade is great for beginners who want to gradually get into investing. It is not too complex and provides great educational information, which is helpful if you are just getting started. Stock trades are also free, which is a bonus.
M1 finance is more on the complex side but offers many great features. One of the primary reasons beginners love M1 Finance is because they offer fractional shares. Those who are starting with little money to invest can own fractions of higher priced stocks like Tesla.
If you want a more social media-like feel to a trading app, Public is just the app for that. With this trading app you can see the stocks other people invest in. If you don’t have a specific trading strategy in mind you can follow the stocks other well-known investors are investing in and get a better idea of where to go from there. This will hopefully make the researching process easier for new investors.
Robinhood is often recommended to beginners because of its simplicity and its educational information. However, I would only recommend using Robinhood for smaller scaled short-term investments as Robinhood has shown many bugs within their app many times, which could greatly affect larger investments.
These are only a couple examples of the many apps that are available online for new investors. It is always best to do your own research of course but these trading apps are a great place to get started.