#TradingTools101 Stock Trading Tools 101: Everything You Need to Know



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Not only has technology revolutionized the way we invest our money, but it has also completely transformed the way we interact with the financial markets and trade stocks. Just a few decades ago, if you wanted to get information about a company’s stock price, the only way you could find it out is by reading the financial newspaper or waiting for the five o’clock news bulletin. Then, if you wanted to make a trade on that stock, you had to call your broker or physically visit their office in person. It’s safe to say we’ve moved on quite a bit since then.

Day trading, as we know it today, simply did not exist back then, as it was not a viable option for people outside of Wall Street. Nowadays, people from all walks of life can try their hand at day trading the markets, from college students to retirees in care homes.

This is all thanks to significant improvements in internet connectivity and the ease of executing online trades from the comfort of your own home. This has led to a massive influx of recreational traders, and as a result, the global stock market is currently experiencing record-high valuations of around $95 trillion.

Stock trading tools

To many trader’s delight, technology has opened the door to various new resources specifically designed to make the life of a stock trader easier. These tools help traders make more informed decisions, trade more accurately and execute trades at lightning-quick speeds with the touch of a button. No more calling up Mr.Broker to buy your stocks.

As they say, “a man is only as good as his tools,” so here are the five main categories of essential trading resources that separate the best traders from the rest: