Investment Tools for Success
Trading CalculatorsOne tool that a trader in stocks must have is a trading calculator. An example of these is the simple probability calculator. Calculators help in the analysis of the stock price and to calculate how much you should pay, the returns you should expect, etc.
Online Trading PlatformsYou get an online trading platform from the brokerage house you have an account with. The online trading platform gives you live data on the stock prices of different companies and you can even have a platform that has data from different markets. This enables you to trade in the comfort of your own home or office. The platform has different functions such as analysis of the data, prediction of prices, etc.
Technical ChartsTechnical charts plot the price movements of different shares. With a technical chart, you will be able to see the support levels and the technical resistance. Technical charts are used by investors to predict market behavior in the future. There are other charts available, most of which you can use to analyze the trends over some period. If you are investing in a large company, you will probably find the chart you want online, free of charge.
Brokerage Reports and Analysis SheetsThe brokerage house you have an account with will give you brokerage reports and analysis sheets. Many of the major brokerage houses have divisions that are dedicated to research and you will find the information very useful. These reports are advantageous over doing your own analysis because brokerage houses have well trained and experience personnel and they have sophisticated tools to do analysis.