There are numerous companies (mostly online) that provide the service of a stock market watch. In this discussion we will briefly highlight the main features you should require from such a service.
In the first instance it should give you up to date market prices. There are free services providing delayed prices. Most services that provide real-time prices charge a fee for that. If you are a long term trader, live prices will probably not be crucial to your success. If you are a day trader, however, it's very important to make use of a service that provides live price feeds.
Another important service they should provide is general news in the marketplace. If you are a currency trader, you would need to know if the dollar collapses on the Japanese markets early in the morning. If you trade in stocks you need to know what the Asian and European markets did before the US market opens.
Another good service to have is market commentary by experts. Especially if you are new to trading, it is very useful to read what the people in the know think of what's going to happen in the marketplace. If they are right, you will learn to look for the same signs next time. If they are wrong, you will learn to read more critically in future.
Many online market watch services also offer the facility to send you an email when stocks you are watching hit a certain price. If you don't have sophisticated trading software to watch several stocks at once, this service will be vary valuable to you.
Finally: being a trader and working from home could be a very lonely career. It is therefore a huge advantage if the stock market watch service you use offers an online community. This way you can become part of a community and learn from more experienced traders.
In the first instance it should give you up to date market prices. There are free services providing delayed prices. Most services that provide real-time prices charge a fee for that. If you are a long term trader, live prices will probably not be crucial to your success. If you are a day trader, however, it's very important to make use of a service that provides live price feeds.
Another important service they should provide is general news in the marketplace. If you are a currency trader, you would need to know if the dollar collapses on the Japanese markets early in the morning. If you trade in stocks you need to know what the Asian and European markets did before the US market opens.
Another good service to have is market commentary by experts. Especially if you are new to trading, it is very useful to read what the people in the know think of what's going to happen in the marketplace. If they are right, you will learn to look for the same signs next time. If they are wrong, you will learn to read more critically in future.
Many online market watch services also offer the facility to send you an email when stocks you are watching hit a certain price. If you don't have sophisticated trading software to watch several stocks at once, this service will be vary valuable to you.
Finally: being a trader and working from home could be a very lonely career. It is therefore a huge advantage if the stock market watch service you use offers an online community. This way you can become part of a community and learn from more experienced traders.
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