We’ve all tried to save money at some point. While keeping bank accounts is great, there are ways to grow your wealth without risking it all exponentially. One of these ways includes investing in stocks, but for some, this can be scary!
Investing in stocks adds substantial value to your financial portfolio! Whether you’re looking to save up or increase your earning potential, owning stocks is a great way to reach your goals. Sometimes, owning stocks can also protect your wealth from tax and inflation.
However, as a trader, it is essential to do your research before letting go of your money. To understand information about investing, some of the best stock research tools and websites are resourceful. We created this guide to help you get started on building a stock portfolio with minimal risk.
The Best Stock Research Tools Online
It can be tricky to decide which are the best financial stocks for your portfolio. Consequently, many people are afraid of investing and miss out on the opportunity to make monetary gains.
Before diving in, there are various analysis tools, including the stock market and investment resources. In addition, some of the best stock research tools provide in-depth, real-time information about trading and the plethora of options available to you.
To decide which option is the best for you, look through their various features to make an informed decision. Then, depending on your strategy and preferences, a stock analysis tool can complement your effort for maximum profits with minimized risk. So, are you ready to learn how to ace your way through the stock market?
The Different Types of Stock Research Tools
When it comes to trading, there are a plethora of platforms available to help. The most common and best stock research tools include:
Financial News Websites & Apps
Popular mainstream news sites have a special section dedicated to stock news. However, before delving further into stocks and experimenting with simulators, etc., you should understand what’s going on in the financial world. Furthermore, most news sites have their own mobile apps to keep up with updates and stock prices on the go.
Government and Non-Profit Agency Websites
Depending on your locality, different authority bodies regulate the stock market. These include the federal Securities and Exchange Commission. Furthermore, some non-profit agencies cater to investors and better financial planning. You can find educational resources, tools, and research on their websites.
To practice your understanding of the stock market and how to invest, stock simulators are some of the best stock research tools out there. These platforms allow you to test out trading tips and strategies without investing any actual money. If you are a beginner, these are particularly useful to prepare you to enter the market.
If you’re looking for the performance of a specific stock, charting software can assist you over time. These charts can be in the form of lines or candlesticks, helping individuals decide when to buy or sell stocks. In addition, both new and experienced traders use charting software to predict future growth.
Stock screeners give users an overview of the stock market. They collect and analyze information on the average prices, charting patterns, trade volumes, and more on trading. Furthermore, to narrow down information and stock options, you can screen options according to pre-defined criteria.
Trade newsletters inform traders and finance enthusiasts of new developments and movements within the stock market. Furthermore, they offer a unique expert opinion that other resources may not provide. Usually, they are expert-based and available in both print or digital messages.
Features to Look for in a Stock Research Tool
Now that you know the different types of platform options let’s look at important features. The best stock research tools must include essentials like:
Real-time/ Up-to-date information
Timing is critical, and this is even truer when trading. Stock values can change in an instance; therefore, being up to date about fluctuations, prices, volume, and charting patterns is essential. For realistic practice, the most reliable stock simulators allow you to trade in real-time.
If you can’t use a platform or find it difficult, they can prove to be useless. Therefore, most stock research tools offer a free version and separate paid versions to decide if it works for them. Also, be sure to check user reviews before paying for a subscription.
Customizable Customizable options
Everyone’s approach to trading and analyzing stocks is different. To illustrate, not one shoe fits everyone, and it’s impossible to create a single resource that caters to everyone. Therefore, tools with options for customization allow for research and data that matches your goals.
Best Stock Research Tools
In the last few years, several new platforms have been released to aid your trading journey. Each of these resources comes with its own set of data types, demographic restrictions, and features. However, instead of interpreting raw data, these tools generate valuable insights to solve trading difficulties.
The following are some of the best stock research tools currently available:
Finviz Stock Screener
Finviz Stock Screener uses a combination of information and visuals like candlestick charts to help users compare market performance. The application also features a free basic version for beginners.
Professional traders also use the easy-to-use platform. It features over sixty customization options that organize data as per your needs. Furthermore, you can easily monitor all stock market movements at the same time. As a result, Finviz is currently one of the most user-friendly tools out there.
A mobile trading app, Moomoo is an entirely free trading platform. The app features several research tools targeted at both new and experienced traders. Use it across different platforms, and without deposit restrictions, the options are endless.
Designed as a smart platform, Moomoo helps you make profitable trading decisions. You can also simulate a trading experience with their paper trading option before investing actual money.
Stock Rover: Best Real-time Stock Research Reports & Ratings
Best suited for professionals, the Stock Rover resource goes beyond other tools. Using existing data from real users, each feature was added to cater to trader needs. Despite its innovative features, it is super user-friendly and quick to learn how to use.
Investors can use the desktop software to access stock positions, compare values and margins of safety for profits. Furthermore, Stock Rover features more in-depth stock reports, portfolio metrics, and charting for better analyses. They offer a free trial and added features through subscription.
Yewno| Edge is an innovative platform that may be the solution if you’re looking for maximum customization. Based on artificial intelligence, the platform features added alternative data to reduce time.
The basic subscription features a customized stock watchlist, daily updates, and stock screeners. In addition, every user can access stock news, company profiles, public company filings, and advanced projections. Users who pay for the added features can access strategy-specific resources that can help build a successful stock portfolio.
Ziggma relies on an algorithm that rates stocks to help users identify the best choice for them. Suitable for traders of all levels, the platform relies on performance indicators like financial situation, value, growth potential, and profitability to analyze data.
The basic version of Ziggma is free and makes stock research at a professional level accessible for everyone. Furthermore, beta testing showed that portfolios comprising of Ziggma’s recommended stocks yielded better profits than those that do not.
The Motley Fool Stock Advisor: Best Stock Advisor Research & Track Record
A newsletter aimed at investors who do not have the time and comes in monthly subscriptions. Each newsletter features two new stock choices from the founders of The Motley Fool and information on the starter and existing stocks.
However, the newsletter does not just recommend which stocks to invest in. Instead, it informs on how to decide which investment to make, risk profiles, and monitoring. Packed with knowledge and vital information, The Motley Fool Stock Advisor is great for investors of all levels.
Restricted to TradingView, the Market Scalper Algo provides your existing financial charts with projections of when to buy or sell your stocks. It also offers special alerts to trade when necessary using proprietary technology.
The platform can be used on a variety of stocks, including cryptocurrency and forex. In addition, MS Algo has affordable subscription plans that are easy to set up within TradingView.
Aimed at reducing risk, the MacroRisk Analytics factors in economic influences on stocks and their prices. In addition, the platform offers features like measuring volatility against current events as other resources overlook economic and political influences on financial risk.
To get a feel of the platform, MacroRisk Analytics offers a free trial with several subscription options. The most advanced subscription also includes beta reporting and up to 150 filtration options for screening stocks.
Benzinga Pro is a paid, full-suit platform that features notifications, a live news feed, a stock screener, and a list of top gainers and losers. In addition, users of all levels can customize their desired stock research as per their needs.
The platform also features watchlists, alerts, detailed stock information, and information about why stocks move. Did you know you can chat with other traders to get more insight through Benzinga Pro? Like some of the other top stock research tools, the platform brings all the tools you need to trade in one spot.
The TradingView platform combines stock screening and charting to offer you trading solutions. The super user-friendly software features over a hundred filters for both beginners and more skilled traders.
TradingView is available in both free and premium, with desktop, laptop, or mobile versions. However, the free version comes with several tools like various charts, technical analysis indicators, and an alert system to make sure you’re constantly updated.
Seeking Alpha: Solid Stock Research & Advisory Service
Seeking Alpha provides news updates and research to users. Through crowdsourcing, they draw resources to their platform for more veteran traders who can analyze their data. The platform also features stock ratings, past performance, and a marketplace for premium users.
The marketplace acts as a trading platform and facilitates transactions through other service providers. Seeking Alpha is available in standard, free experience, and premium or pro versions. The premium versions also feature deeper analysis and unlimited access to detailed stock information.
Zack’s Research: High Performing Stock Advisor & High Price
Zack’s Research is an independent research platform that provides its users with a trader and brokerage advantage. Currently run by several industry experts, the Zacks Research Newsletters analyze data to share their predictions, ratings, and probabilities.
The newsletter also features several lists to help you pick the best stocks to add to your portfolio. You can subscribe to Zacks 5 Stocks Set to Double list for free. However, they offer premium subscriptions with added features like mutual fund ranking.
IBD Leaderboard: In-Depth Stock Research & Rankings
Investor’s Business Daily relies on advanced algorithms for expert stock research. The newsletter is available in both print and digital formats. Furthermore, the IBD Leaderboard lists the most recommended and best-rated stocks in one spot for investors of all levels to access easily.
Other features include performance records, trading signals, and analyst research. In addition, you can avail of the free trial to get a feeler before subscribing to their annual premium newsletter.
Morningstar: Largest Selection of Stock & Funds Research
Morningstar is another independent research provider website that relies on expert analyst input. The website is ideal for traders of all levels as they aim to simplify financial information so that everyone can understand their stock options better.
The website also offers a premium version and a StockInvestor newsletter that cost an annual subscription fee. Premium features include stock screening, investment evaluation, and monitoring.
One of the most simple yet effective stock research tools, the TraderSync software aims to improve performance. Through the app, you can log trades to generate reports on individual trading patterns. These indicators help evaluate where you can improve and consequently boosts profits.
TraderSync offers users a free trial. The premium versions of the app include simulator reports, fee tracking, market capital reports, and added chart options.
Key Takeaways: The Best Stock Research Tools to Drive Growth
The tools listed above come with unique features to help your stock investment journey. However, no matter which platform you decide to use always is sure to determine how much money you want to invest in advance. This ensures you don’t end up losing more money than you can afford.
Using some of the best stock research tools currently available online, you too can gain an advantage and maximize your returns. So, are you ready to master the art of stock trading?