The world is going digital and it is here to stay. Today, technology is fast becoming a prominent lifeline for many people in India be it the way we shop, travel, socialize and in some way invest. According to a report, the smartphone users in India are expected to grow 337 million in 2018 from 291.6 million users. These numbers are quite staggering. When it comes to investing in the stock market, then taking into an account the rise in the number of smartphone users, implementation of technology has become an absolute necessity. Keeping this into an account, the development of the stock market apps has certainly redefined the way people invest in the stock market.
Earlier, people were quite hesitant to invest their money in the stock market and this can be attributed to the lack of knowledge. In the conventional approach, people used to hire stockbrokers to buy or sell shares, but there was an element of risk involved in it. The brokers sometimes used to charge a hefty commission or brokerage fee and did not provide a right investment advice to the people. Moreover, the stock market is extremely volatile and the share prices keep on fluctuating. As an investor, you have to be on edge to pick up the best shares and most importantly take a smart investing decision. Thanks to the stock market apps, people are now investing without any apprehension? But how this is possible? Why the number of investors is soaring up? How the share market apps help in getting the better returns? So, how the apps are reshaping the stock market industry in India, let’s find out the answers:
On the Go Investing
This is perhaps one of the biggest advantages of using stock market apps. You can keep a track of the share prices anytime, anywhere, real-time. This helps to take the right investment decisions since every minute or better say seconds are extremely important in the stock market, the apps are nothing less than a blessing in disguise for the investors.
Safe and Secure
Your personal and financial data remains safe. No stone is left unturned to ensure that the security and safety of vital personal or financial are compromising when you are trading or investing. All the prominent transactions and funds are managed in a well-planned manner through the encrypted firewall to ensure that your hard-earned money is in the safe hands.
User-Friendly Interface
The interface of most of the share market apps is user-friendly, which means if an investor is a beginner or experienced, he/she can use the app hassle-free. Some of the apps also provide the convenience of operating the app in multiple languages. All-in-all, the stock market apps are better customized keeping in mind the trading or investing requirement of the investors in India.
Professional Help
Some of the reputed apps provide the facility of getting connected with the professional advisors who are registered with the Securities and Exchange Board of India (SEBI). This not only helps you to formulate best investment strategies but also increase stock market knowledge. When the professional help is available at the fingertips, then it reduces the need of hiring the stockbrokers. The right advice, no doubt helps you to get good returns on your investment.
Buying and Selling of Shares is Simple
It is not easy for the working professionals trading in the stock market to sit in front of the laptop or computer to monitor the stock prices. If they are engaged in intraday or commodities trading, then keeping a watch on the share prices becomes extremely important. The share market apps solve this problem as they can track the shares anytime and take buy or sell decision easily.
Educate Yourself About the Stock Market
You can take advantage of the apps to educate yourself by going through the quality articles or blogs. Some of them even contain the editor pick section where the experienced and professional research analysts give quality insights about the market. You can even access the interactive real-time charts and go through the financial report. When you are armed with the information, then you can feel confident and take the prominent investing decisions.
Get Connected With SEBI Registered Advisors
You can benefit from the investment advice of the SEBI certified advisors and receive instant trading signals. The best part is that you can check out the portfolio of the advisors, review their past performance charts, follow them and get an insight into their investment strategies. The icing on the cake is that you can even participate in the live online discussions with the analysts and benefit from their knowledge.
Conclusion
It cannot be denied that the stock market is still a mystery for many people in India as they do not have a proper knowledge or information about the same. This makes them quite tentative when it comes to investing in the stock market. However, the stock market app is nothing less than a lubricant for the investors that have helped the people to solve the share market puzzle, invest right and achieve their financial objectives.
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