Trading Platforms & Tools

Brokerages from all over the world offer hundreds of different trading platforms, each with their own set of markets and tools to trade with. Get to know which platform and brokerage is right for you.
Frequently Asked Questions
  • How do beginners trade stocks?

    The first step anyone new to the stock market needs to take is determining how you want to invest (i.e., being very hands-on with your portfolio, hiring someone to manage your investments, etc.) and what kind of investing account will best suit those needs (i.e., brokerage vs. robo-advisor). Once you’ve made both of these decisions and picked the financial institution you want to open an account with, you shouldn’t have much left to do other than setting up the account itself, allocating your stock budget, and possibly putting down a minimum deposit. After that, your broker will handle the actual investing process in accordance with your wishes.

  • What kind of trading is the safest for beginners?

    The ultimate goal of any trader is to buy low and sell high, so the buy-and-hold strategy is likely a beginning investor’s safest bet. Buy and hold is a passive strategy wherein an investor holds the stocks they’ve bought regardless of market volatility. While an active investment strategy allows for better risk management, there’s also a danger of missing out on long-term returns in favor of short-term gains.

  • What is a trading tool?

    A trading tool, as the name suggests, is anything that allows a trader to invest effectively. Trading tools can include physical items with which one would need to operate in the financial markets, such as a computer and Internet access. However, what most people may think of when they hear this term are digital services that enable a trader to make smarter investments, such as a trading simulator.

  • What tools do you use for trading?

    The only thing that is absolutely necessary for trading (outside of physical hardware like a computer, phone, or tablet) is a trading platform. Beyond this, one of the most valuable tools investors have when making stock trades are stock screeners, which make it possible to quickly sort through the hundreds of stock options available. There are also stock charting programs, which can be used to analyze a particular stock and/or market sector over periods of time.

Key Terms

Explore Trading Platforms & Tools

Direct Access Trading – DAT Systems
Investor Checking Performance of Financial Portfolio Online Whilst Reviewing Investment Statement
An Introduction to Dark Pools
Because the stock market is an auction made up of buyers and sellers (including individuals, corporations, mutual funds, and more) of shares of publicly traded companies, fluctuations in stock prices is nothing out of the ordinary. In fact, the price of company’s stock can vary drastically from one day to the next. Before adding shares of stock to your portfolio, it is important to understand what causes stock market fluctuations and its risks.
MEMX
A man in a suit holding a cube of statistics
Bloomberg Terminal
Midsection Businessmen Analyzing Charts On Laptop In Office
Pros and Cons of Paper Trading
Backtesting and Forward Testing: The Importance of Correlation
Investor analyzing stock market investments with financial dashboard, business intelligence (BI), and key performance indicators (KPI) on smartphone and computer screens
Stock Screener
Industry Classification Benchmark (ICB)
Investor analyzing stock market investments with financial dashboard on smartphone and computer screens
Nasdaq National Market (Nasdaq-NM)
Stimulate Your Skills With Simulated Trading
Toronto Stock Exchance
Toronto Stock Exchange (TSX)
Quote-Driven Market
Traders at trading desk.
Designated Market Maker (DMM)
Tips for Stock Charts That Enhance Your Analysis
Third Market
Close-Up of Hand Using Mobile Phone
Dark Pool Liquidity
Phillipine Stock Market board
Market Identifier Code (MIC)
Business people reviewing financial data on digital tablet.
FactSet
A desk with arrangement of computer monitors.
Better Alternative Trading System (BATS)
Filter
Façade de la Bourse de Bruxelles (1873), architecte: Léon-Pierre Suys
Bourse
Business person working on computer against technology background.
Deep Market
Trading Software
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Mobile Trading
Man working on laptop in business setting
Entity Trading Account
NASDAQ Global Select Market Composite
NASDAQ Global Market Composite
Goldman 360
Nasdaq-100 Pre-Market Indicator
Archipelago
Big Board
Nasdaq building in Times Square
Nasdaq Intermarket
Conditional Listing Application (CLA)
NEX
Enterprise Application Integration
Why the NYSE Once Reported Prices in Fractions
List of the Major Stock Exchanges in the Caribbean
What Is the Downtick-Uptick Rule on the New York Stock Exchange (NYSE)?