Billionaires and hedge funds rely on real -time economic data to take advantage of market shifts and it is a good idea for American retail investors to follow the same process. Modern smartphones and laptops are very powerful and complex financial apps can run smoothly, so that investors around the world have immediate access to real -time financial and economic data and get updates on important dynamics. Now let’s make a list of apps that offer the best insights for retail users, from profit notifications to geopolitical risk analysis.
How to select Apps
Apps enable traders to get critical information about current market dynamics and important macro -economic news events. Most of the Top FX traders arranged worldwide Use one or more of these apps to ensure that they are for the game and retain a competitive advantage in trade and investing.
When selecting the best app you must take into account various factors:
- Timeliness warnings must be as quickly as possible, this is crucial in financial trade, because you must receive reports second after data release (non-farmers lists, unemployment data, interest rates, etc.)
- Global scope – coverage of global markets such as EU, APAC and American markets is also important because these markets offer the highest profit potential in both trade and investing.
- Usable insights – the app must not only provide data, but also the context to increase your chances to effectively capitalize on news opportunities (how interest rates influence bonds, FX, and so on).
- Asset-specific news-different assets are sensitive to different data. For example, FX markets are usually seriously shaken by non-agricultural wage lists and interest rate increases, while other markets can respond to other news events.
Make sure you adjust your app so that it offers updates that are specific to your favorite asset class to increase your chances of success.
Top apps for following economic events
There is an abundance of apps that offer different types of news and services in the financial sector. The most popular apps with which investors can receive important fundamental news are apps with economic calendars. Let’s mention the best below.
- Bloomberg (Premium) – Bloomberg is the gold standard for news, analyzes and live TV exclusively focused on financial trade and investing. It offers institutional tools with a steep price tag. It also enables investors to get 30 seconds for the release on most online platforms.
- Myfxbook -calendar plug -ins (Free)-offers robust services with plug-ins for browsers that warn users of upcoming economic news items, making it a must-have tool in the arsenal of every trader.
- Benzinga Pro (paid) – This service offers super fast profit call recognitions and Squawk Box -Service.
Economic calendars are a must-have tool for every trader and investor to control the heartbeat of major global economies and not to miss important trade/investment options.
Functions Sproping
Here you can read how you can set your app to get the most out of it and stay in front of the curve.
Custom warnings
Always set triggers for specific assets to get the news immediately. This can be something like this: alert me as Tesla drops 5% pre-market. ” If the app does not contain that much AI, set the warning yourself. You can also use different AI assistants to inform you when a certain active with a certain percentage moves.
Platformon -dependent synchronization
Apps such as TradingView allow reports via e-mail, SMS and in-app reports. Tradingview Is available on all devices including web browsers. Similar applies to advanced platforms such as Metatrader 5 (MT5), which make superior warning institutions possible. However, these apps require some basic knowledge to fully use.
Security and reliability
It is important to know how your app earns money to ensure that it does not generate a profit by selling user data. Make sure you check the privacy policy. Check sources and ensure that your app quotes renowned settings such as the IMF, World Bank, etc. Apps that offer news heads from unreliable sources can make false impressions and it costs you a lot of money.
How to adjust your toolkit
Here is the list of workflow:
- Open Yahoo Finance for general news
- Follow the economic calendar for important news and event timing
- Use apps for deep dives in income to ensure that you understand what the effects of the income will be on the price of the active.
- Set warnings to your app to get a notification when the active of your interest films with a certain percentage or a predetermined level reaches (Tesla stock price that, for example, affects a certain price)
Strategies at billionaire level
Billionaires constantly monitor markets to ensure that their portfolios are protected against adverse movements. They first receive news and decide with the help of portfolio and asset managers how to manage their portfolios. Use apps such as Know To follow ESG trends or disturbances of the supply chain. HedgeChatter Aggregates Hedge Fund Manager Commentary and enables investors to analyze the market sentiment, which is crucial in investing and acting
