By Debarshi Nayak
Being able to make substantial stock market investments is considered as a secret art known and practiced by a select few. Anyone whos even reasonably good at it gets inevitably bombarded with all kinds of investment-related questions.
However, even with enough tutorials, motivation and success to get you started, the stock market seems like a scary place filled with traps. It is natural to feel that the investing in the capital markets is something to be afraid of! Unless you have the right tools to aid you in the journey of mastering the stock market and becoming an expert investor.
Anyone who is trading in the stock market needs to be informed about the latest financial news. The best news for the 21st century investor and trader is that finding and keeping track of information about the stock market is not as difficult as it once used to be. There are several apps that exist to make your investment life easier.
Whats driving the growth in mobile trading
The spurt in the usage of mobile devices in trading can be attributed to technological advancements that have closed the gap between trading with a PC and with mobiles in terms of increased speed and better reliability. With the onset of tablets with more screen estate, it has become easier to track the stock market in real-time.
As more and more Gen X and Gen Y members enter the professional world and get into investments, the growth in usage of mobile trading is only ever-increasing as this generation likes to be more connected and are more comfortable with bleeding-edge technology that helps them control their account in real time.
Whether you are a first-time investor like me with an uncertain grasp on the market statistics, or an investor who travels a lot and hardly gets the opportunity to use a PC-based terminal for stock trading, you are probably looking for a robust solution that you can access anywhere, even without a PC. And that is where apps like Upstox Pro: Stock Trading app for NSE, BSE & MCX come in.
Upstox Pro helps you analyze the Indian stock market in real time with state-of-the-art charting tools, market news and live market data. For anyone whos not yet ready to take the leap of faith, you can monitor the data for as long as you want, and only open the demat account through the app only when you are comfortable doing so.
What sets Upstox apart?
Being a novice investor, one of my biggest challenges was getting used to the standard stock trading interface, which is not intuitive by any means. And this is where Upstox saved my day! It ensured that I actually learn trading, instead of giving up on my 3rd day, overwhelmed by the amount of information and monitoring that is required.
Upstox is a unique offering in a market of a plethora of investing apps that provide you with:
- A universal search tool to find simple and complex stocks, along with access to NSE Cash, Futures and Options, and Currencies scrips. You can also trade in commodities such as Gold, Silver, Oil etc.
- The ability to apply 100+ technical indicators on real-time charts to make tracking the market more accessible.
- The option of trading directly with Trade from Charts (TFC) feature, and also to set an unlimited number of price alerts to get. Instant updates on market fluctuations.
The app starts with a predefined watch list of Nifty 50 and other indices. You can create an unlimited number of customized watchlists to keep an eye on every stock you want to invest in. However, what sets this app apart is its ease of use, smart user experience and the speed and efficiency with which it works, saving investors precious time. What was most helpful was the fact, that despite being a first-time user I didnt need to create an account immediately and was able to explore the app seamlessly!
The Upstox platform also has zero brokerage on delivery trading and a minimal Rs. 20 per transaction on intraday and F&O trades.
Opening a demat account with the Upstox app is as simple as submitting essential details along with your AADHAAR ID and PAN details to verify your identity, after which the platform guides you through the process of opening a demat and trading account. I did face some issues while submitting my Aadhaar ID details into the app during opening my demat account where their servers refused to respond. All issues, however, were promptly resolved when a customer support executive called me within an hour, leaving me with a satisfied feeling of being able to rely on the Upstox app for prompt service.
Upstox Pro has also extended its services beyond the stock market domain and now promotes low-cost investment in Mutual Funds as well. Upstox MF platform promotes easy purchase of mutual funds and the client can browse through more than 2000 mutual funds available and select the one of his/her choice. This requires the user to be an existing Upstox Demat Account holder, which automatically directs to the Upstox MF platform page upon login.
With a rating of over 4.3 stars on the Google Playstore, a count of more than 100 thousand downloads, and daily updates that bring new and relevant features to make your investments easier and more seamless, you can hardly ever go wrong about stock trading and market analysis with this app.
Featured Image Credits: Pexels