How to Invest Money with Android Apps

With an Android smartphone, you can do a lot. Aside from all the usual phone calls, video messages and social media posts, you can amend documents, show presentations and stream films and music. For those who are interested in managing their money and watching it grow, there are some Android apps just for that!

A quick look in the Google Play Store will show a sizeable number of financial apps. Ones for the latest financial news, market data and even trading will prove valuable if you want the best possible return on your investment. When investing, there is a lot to think about, from the amount you want to invest to where you want to put your money.

Choosing an App

You need to choose the right app first. Consider when, where and how you would like to invest your hard-earned cash. When using any investment app, make sure that your bank card details are easily available. Otherwise, you won't be able to invest your money! Also, be sure that you have enough funds in your account to invest in the first place.

If you don't like to take too many risks, Acorns is a good starting point. This simple app allows you to invest your spare change in a safe and quick way. You can put a few cents or pence into different stocks and keep track of your money whenever you like. Any change left over from buying a coffee or pizza could be stored away in a stock of your choice.

Picking a Market

Before you invest, think about which markets are most likely to make you money. An app that has plenty of markets to choose from will give you more opportunities to explore. The Oanda fxTrade app offers over 120 currency pairs and instruments to work with, all while offering live market data.

To start, pick something to trade with, choose an amount of money you want to invest and then you can trade instantly. Live data and access to the latest financial news is a must for any would-be trader. If you have it on your smartphone, ready to read, you will be able to make a more informed decision on where to invest.

Latest News

If you need financial news, Feedly is a one-stop app for all kinds of stories. It pools news items from many different sources, with specific areas for business and financial stories. Not having to go between websites and apps for financial data will save investors time and give them an idea of what to put their money on.

For some of the more obscure markets and stocks, the Investing.com app provides data from markets all over the world. Accessing historical stats on this app will boost your decision making, as well as educate you about how different stocks work.