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The 2 Best Stock Market Apps | Stock Market For Beginners - YouTube
Channel: ClayTrader
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so many apps so many brokers so many
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platforms what are you supposed to use
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when you're just getting started
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in the stock market well i want to go
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over my top two apps
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that i would recommend for those of you
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that are just getting started
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now the question really breaks down to
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what are you trying to do
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now yes i realize you're trying to make
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money you're trying to grow your wealth
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i get that part
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but more so well the how are you going
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about it and that's going to then
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dictate
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what app is going to be best suited for
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you so let's first break down kind of
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two terms out there that you might
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see the first term
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is trading
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and then the next term investing
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so trading and investing maybe you've
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always thought they're one of the same
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and i i guess in some ways they kind of
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are but not really
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if you want to know what app is going to
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be best you know what platform is best
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then you need to actually
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look a little bit deeper into these
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words and define them so that you can
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have a better understanding of what to
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be using
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so let's just first go with trading and
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what actually is trading well
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trading is and all these revolve around
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a time element meaning how long how long
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what
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well how long do you plan on holding
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onto a stock
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so if you buy and then you want to sell
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so buy to sell
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if that is
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less than six months
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then as far as i'm concerned you are a
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trader you are trading
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you want to trade and i don't say that
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in a bad way i just that's where you are
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you would be a trader now
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whether or not you're a day trader or a
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swing trader i'm not going to go
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down that rabbit hole because that's
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besides the point right now but the
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point is
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like i said
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less than six months i would definitely
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consider you
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a trader you're looking to trade the
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other part
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maybe you can see where i'm headed is
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well if your
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buy to sell is greater than
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six months so that means hey you know
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what
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i just bought a stock but i have
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absolutely no interest in selling it for
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at least
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six months then you know what you're an
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investor you're looking to
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invest that would be considered
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investing you know any any derivatives
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of that term
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that's what's going on here trading
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versus investing it's all got to do with
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the time period
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and no i this these are not from a
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textbook this is not some sort of like
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well this was created by some
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statistical stud no this is just
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a broad sense so maybe someone's like
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clay you're an idiot it's actually 6.5
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months okay fine it's 6.5 months
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the idea here is how often do you plan
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on buying and then selling whatever you
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know you're purchasing
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and if you're saying well i'm going to
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go over six months then you would be
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known
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as an investor and you'd be you know
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investing in the stock market
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whereas in this situation you are
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trading the stock market
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i get it well aren't you kind of
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nitpicking i am nitpicking but
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in the world of the financial markets
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nitpicking matters because you got to
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get things set up so you end up with the
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right tools
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so what are the right tools what is the
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right app for each of these
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and for trading
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i recommend weeble now i'm not going to
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go into why i enjoy and all that
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for time's sake but i will say that if
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you are a trader
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and you're looking to trade then check
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out weball put a link down below in the
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description section or if you're
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watching this at my site
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just right down below the video and you
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can go and watch a more in-depth video
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on why i like weeble why i recommend
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them
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and kind of just see how the platform
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works and the app works and all that
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so that would be who i'd recommend in
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that situation
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now if you're saying well no clay i i
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don't want to trade
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i want to invest well in that situation
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i would recommend
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m1 finance and again
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for time sake i'm not going to go into
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all that but down below
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in the description section i will put a
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link to a video where i talk more about
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m1 finance and why i think they're a
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great app
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for those you just getting started
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investing now maybe saying well clay
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i would like to do both to you i would
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say good job
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smart multiple streams of income that's
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what it's all about
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that's what i do so in that situation
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we'll just sign up for both
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that's fine that'll that'll work that'll
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get the job done
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but i just want to make sure and at the
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core here is there's nothing worse you
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can do than saying you know what
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i want to be a trader and then you go
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and get m1 finance which is totally
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not designed for trading that is
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completely an investing app
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or you're laying you know what i want to
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be an investor
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now in this situation weeble wouldn't be
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the end of the world because you could
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use weeble
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uh to uh to invest but
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the reason why m1 finance gets the
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advantage over it is because m1 finance
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allows you to buy partial shares
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so if you only have 100 let's say and
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you want to buy amazon stock which is
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you know trading for
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at the time this video well over a
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thousand dollars m1 finance is still
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going to allow you to buy
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a piece of one share so yeah you might
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only own they're called fractional
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shares partial shares but m1 finance
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does allow you to do that
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we ball who knows maybe they'll change
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that at some time in the future but as
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of right now they don't offer that so
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that's why m1 finance gets the
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the check mark in that regard so these
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are my this is my opinion for the top
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two
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clay what about robin hood i could do a
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whole video on robinhood
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i'm just and i'm not gonna battle off
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any companies all i'll say is i've just
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heard
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from way too many people too many horror
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stories and i'll just leave at that so
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that's why
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me personally i don't recommend robin
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hood as an app
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um and i would recommend these ones here
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so check those out and if you have any
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questions or anything let me know in the
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comment section
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uh but like i said as far as well how
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does this how does this work all i would
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ask my only request would be
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just go and watch those videos first
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because i'll go into much more depth
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about why
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i like those and you know what sort of
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capabilities they'll offer you but they
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have
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after watching those if you self
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questions then by all means please ask
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me
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i'd be more than willing to help so
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hopefully this helps you out if you have
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any questions
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on anything else so of course leave
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those in the comments section i do read
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comments i will reply to them
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if you enjoy the video and if you like
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more kind of these types of videos where
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i explain
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apps and brokers and tools out there
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that it's available in the online world
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of making money as far as the markets
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are concerned then hit that like button
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and also check out the channel lots of
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other
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videos that you can see there and
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hopefully you decide to subscribe thanks
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for hanging out
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first off thanks so much for watching
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the entire video real quick before you
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go
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i want to invite you to a live webinar
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web class training workshop online event
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whatever you want to call it but it will
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be me live
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revealing to you what i discovered that
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has allowed me to transform myself from
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being an
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employee to being my own boss including
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how i had only one losing day out of 73
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days in total
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i'm going to cover three keys that have
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helped me unlock
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profitable consistency within the
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markets the first key is super weird but
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in a productive type of way
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the second key is super awesome because
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it quite literally is wired into our dna
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as humans
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making it very easy to use but in a
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cruel way
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this becomes a pitfall for many traders
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i'll explain it all though
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including how to avoid the pitfall that
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it creates for some and yeah the third
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key when you hear it
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sounds way too good way too good to be
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true but it's not and i'll show you
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how it all works then at the end i open
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it up for a question and
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answer session that is again totally
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live even if you can't make the live
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session
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please still sign up as it will be
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recorded and you can go back and watch
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the replay
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that i will send you click the image on
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the screen or click the
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link down in the description box so you
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can get the date and time
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and claim your spot which i should note
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is limited due to the fact that this
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truly is a live event if you have any
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questions
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let me know if not i'll be seeing you
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soon
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