As a trader or investor, we need to do our research on the stocks and funds we want to invest in. I rounded up a list of research tools that I use and I think it would maximize your profits and decision making throughout 2021.
There are 4 main types of research tools and the level of usage depends entirely on your trading strategy and personal preferences.
- Stock Screeners
- Charting Software
- Stock simulators
- Trading news / analysis providers
The most intuitive and easiest stock screening tools available on the market, Finviz is an asset for both beginning traders and seasoned professionals alike.
Pricing: Free for basic version $25 for Elite version
Finviz’s stock screener is impressive, sorting and scanning stocks with over 60 technical, descriptive, and fundamental characteristics.
TradingView is a combination stock screening tool and charting package that offers a more readable charting software than some of the best investing apps on the market.
Like most other screeners and charting software, TradingView follows a freemium model that offers some tools for free and the most advanced features for a monthly fee.
Pricing: Free for basic version / $40 for the in-depth package.
Price: Starts at $99 per month
Benzinga’s own Benzinga Pro is a full suite of easy-to-use, customizable stock research tools.
The core of the platform is the real-time newsfeed, but includes several other tools for stock research. Users can also set up a variety of real-time alerts, including desktop notifications, email, and voice alerts among the tools.
Tools inside Benzinga Pro include:
- Movers (Find top gainers and losers)
- Audio Squawk
- Stock Details
- Why Is It Moving?
- Calendar Suite
- Signal Alerts (including opening gaps, block trades and options alerts)
Price: Starts at $1 for 2 months (Special Offer)
Trusted Insights. Global Impact.
WSJ is your source for authoritative reporting and analysis. Every day, with every story, we strive to lead the conversation and bring you the clarity and insight you need.
- Unlimited access to WSJ.com across any device
- WSJ mobile app
- WSJ tablet app
- Informative podcasts, featuring interviews with WSJ editors and notable influencers
- WSJ+ Premium Benefits Program, with complimentary access to an unmatched selection of events, offers and experiences
Investing.com is a financial markets platform providing real-time data, quotes, charts, financial tools, breaking news and analysis across 250 exchanges around the world in 44 language editions. With more than 46 million monthly users, and over 400 million sessions, Investing.com is one of the top three global financial websites according to both SimilarWeb and Alexa.
In addition to the global Stock Markets, Investing.com also covers Commodities, Cryptocurrencies, World Indices, World Currencies, Commodities, Bonds, Funds & Interest Rates, ETF’s Futures and Options.
Price: Free with the option to remove Ads
These are the tools that I use daily during and before investing in any new stock or Cryptocurrency.
What to look for in a research tool:
- Real-time Data
- Free Trial