Top 5 Investment Tools for Beginners

With global economic factors influencing living conditions, more people are investing to increase their financial capacity and stay afloat. The good news is there are now more resources than ever to help beginner investors make wise choices. Investors use these tools to spot important trends that determine the economic direction from the comfort of their homes.

MetaTrader 5 (MT5)

The MetaTrader 5 platform has some of the most advanced tools for analysis and investments across any market, from stocks to forex and commodities. MT5 is available as a web, desktop, and mobile application for both iOS and Android. The top MT5 features and tools that investors use are charting and analytical tools, tools for portfolio management, and a news hub where investors can track important events shaping markets.

MT5’s most significant advantage is its flexibility and efficiency, allowing investors to track and analyze multiple markets with custom tools. The investment platform boasts a massive client base with over 30 million investors using various tools to find profitable investments.

MetaTrader 4 (MT4)

Before MT5, MT4 was considered one of the top third-party investment platforms with a broad range of tools. Although many consider MT5 a direct upgrade of MT4, they are different platforms, albeit published by the same developers. MT4 is the classic MetaTrader app with advanced features for identifying and measuring various economic and market factors, building customizable investment tools, and improving return potentials for investors.

MT5 and MT4 have an auto investment feature that allows users to create robo advisors, input instructions, and deploy them to automate their investments and portfolio management. This tool is helpful for busy modern investors who want an efficient investment process.

TradingView

TradingView makes up the top three widely used investment tools globally, with a user base of over 50 million investors. Often called a social trading platform, TradingView is notable for its charting features that provide investors with multiple analytical charts, a live news hub, and a social feature to interact with other investors, share analysis bias, and automate the process.

TradingView also has asset screeners and heatmaps, which give a bird-eye view of any market. The economic and earning calendar features help investors stay abreast of the latest developments within various economic sectors and the global markets. The platform’s native Pine Script enhances functionality by allowing users to build and customize investment tools.

AutoChartist

AutoChartist is another advanced platform that provides analytical tools, market data, personalized alerts, and analyses tailored to investors’ interests. It is an automated service for analyzing financial markets and delivering the results to traders. AutoChartist works with platforms like MT4, MT5, and TradingView on mobile and desktop devices. The platform is beneficial in financial markets and for analyzing charts from other customer-facing businesses, providing users with actionable data and information.

Leveraging AutoChartist’s features, such as risk management, tools, and patterns, may significantly enhance investors’ portfolios. Customers can integrate AutoChartist into messaging, CRM, marketing automation, email systems, websites, and trading platforms to supercharge their business and investment processes.

Trading Central

Trading Central is a leading investment service that delivers technical and fundamental reports to investors across various markets, providing data and analytical tools they need to make investment decisions. Trading Central offers technical, fundamental, economic, sentiment, and news analysis for over 30,000 instruments right where investors can access them.

The platform also allows investors to build and deploy specific tools according to their specifications and expert insights and analyses ranging from political to economic events impacting markets. The platform also boasts a newsletter and economic calendar, keeping investors up-to-date on important news.

One common feature of the five tools is that they allow third-party integrations with trading brokers, providing a gateway for accessing advanced tools that the brokers may not offer.

Choosing Investment Tools as a Beginner

Beginners are often overwhelmed with information when choosing a platform to support their investment journey. While the tools and features perform similar functions across all platforms, some differences may prove significant based on investors’ unique profiles. Some important tips are:

• Define investment goals and objectives: This helps investors streamline their activities and tools toward realizing their goals.
• Research all investment tools and understand their functions, advantages, and drawbacks compared to others.
• Prioritize portfolio management tools that allow investors to calculate risk exposure, profitability, and investment diversification.

Get Started With Investing

Whether you are an institutional or retail investor, solutions are tailored to your needs and designed to improve investment returns. Find your investment edge by streamlining your objectives with the right financial market. A mixture of foreign currencies, stocks, index funds, mutual funds, exchange-traded funds, and others are excellent options for beginners looking to diversify their investments.