6 tools your share trading app needs to help you navigate volatile markets
Authored by Matt Wilson, Chief Market Strategist, moomoo Australia
Heightened market volatility presents both opportunities and risks for investors. As we head into the second quarter of 2023 markets are at a key inflection point. Interest rate rises are at or near an end and inflation appears to be diminishing. The key question on investors' minds is what speed the global economy will grow and whether consumers will continue to spend.
Good stock selection is vital and well managed companies with robust business models can withstand volatility and continue to prosper against their competitors.
Finding those stocks is the key to growing your investment portfolio.
In an oversaturated share trading app market, retail investors are spoilt for choice. It is enticing to choose the platform with the lowest fees or remain with the app you’re simply used to, but it pays to find one that ensures you are equipped with the best technology to help you identify opportunities.
Backed by Nasdaq-listed Futu Holdings, moomoo arrived in Australia last year with a mission to provide Aussie investors with an unmatched experience. The platform currently has 1,700 staff working in IT, which allows it to constantly add to its tech capability offering, while many other platforms remain stuck using years-old systems. Investors should be using an app that grows with them and is constantly providing new updates and products.
1. Institutional insights
When I speak with retail investors, often they want to know what and when to buy and sell, without doing the work to understand the background. Rather than take advice from an influencer or mate, a better solution is to see what the world’s biggest asset managers are buying.
Moomoo has an Institutional Tracker that tells you which industries and stocks are trending among institutions, and it reveals the current holdings (including market value, industry distribution and the holding list) for more than 6,000 AMCs. It’s a great tool for time-poor investors.
2. Company supply chain information
Given the current climate, it’s imperative for investors to pay close attention to businesses and any changes in operations. Moomoo’s Industry Chain feature reveals each process in a company’s supply chain, which allows investors to identify new investment opportunities and evaluate risk. It allows users to build a comprehensive understanding of sectors and enterprises in a specific industry and track trends within a supply chain to gauge the movement of their target stocks.
3. AI-powered charting tools
As Australia’s first AI-powered investment platform, moomoo does some of the heavy lifting for you and makes finding the next Apple, Google or Amazon a much simpler task. And these tools are all free to use.
4. Full mobile capability
Many trading platforms are equipped with great tools but unless you have convenient access to them, they can become redundant. With all the features available on a mobile app, investors can execute trades quickly and efficiently. They can take advantage of market opportunities as they arise, without having to wait to get back to a desktop computer or call a broker. Moomoo’s mobile app provides investors with real-time market data and news, enabling them to make informed decisions based on current market conditions, without needing to look elsewhere – everything is in one place.
5. Extended trading hours
Moomoo offers 16-hour trading days, which provides investors with greater flexibility in terms of when trades can be executed, allowing them to take advantage of news or market events that occur outside of regular trading hours. This can be particularly useful for traders who use short-term strategies or those who want to exit or enter positions quickly based on changing market conditions. Extended trading hours can also provide an opportunity for investors to trade during times when the markets may be less crowded or when there is less price volatility.
Coming in May, moomoo will offer users 24/5 US stock trading, which means investors can trade US stocks between 8 pm and 4 am ET (i.e. NY time).
- US regular trading hours: 9.30 am-4 pm
- Moomoo currently offers 16-hr trading days: 4 am-9.30 am; 9.30-4 pm; 4 pm-8 pm
- Moomoo will soon offer 24-hour trading: the above + 8 pm – 4 am the next day.
It will allow investors even more opportunity for portfolio diversification and will make it easier for investors to execute trades, potentially reducing transaction costs.
6. Business data
It is important to see business data when investing in a company because it provides essential information about the financial health, performance and growth potential of the business.
Business data includes a wide range of metrics and information, such as financial statements, key performance indicators (KPIs), market trends, customer and supplier data, and industry benchmarks.
Unique to moomoo, the ‘Business Data’ feature shows key data points relevant to that business, to help you understand performance beyond the underlying financials. Using Tesla as an example, the business data shows the total vehicle production, vehicle deliveries by model, and the total number of vehicles delivered each quarter.
Currently, moomoo covers business data of hot stocks including Tesla, APPL, Amazon, Google, Netflix, PayPal, Uber and Alibaba.
Start trading with moomoo today and never miss an opportunity.
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