With the numerous stock-related trading apps for iPhone and iPad available in the App Store, it can be difficult to find one that fits your needs, and when you take into account that many of these apps come with a price tag over $100 you don’t want to download one only to find out it isn’t everything you were hoping for. It’s worth doing a little homework first to make sure it’s worth the investment. There are key tools that should be included in any worthwhile stock trading app and Arbitrage Trader Pro includes just about everything you’ll need to make sound investment decisions. This app is available for purchase from the App Store at a cost of $69.99 and it’s compatible with the iPhone, iPad, and iPod touch.
When you make the decision to start dabbling in the stock market you need to make sure you have the tools to succeed. It isn’t wise investing money without a real strategy: you may as well just give your money away to a worthy cause. An app like Arbitrage Trader Pro can easily put you on the right path, but you’ll still have to be willing to invest the time in research. This app may provide you with a great set of tools but if you don’t use them properly you’ll still fail. Think of a mechanic who has every tool he needs to perform any repair job on your car: he still won’t get the job done if he tries to use a wrench when he needs a screwdriver. The same applies here; Arbitrage Trader Pro may provide you with the tools you need but it can’t ensure you use them properly. That’s up to you.
This app has all the tools you need to make sound investment decisions, but it would be better if it had a clear set of instructions. Let’s face it, if you’re an amateur investor you can use all the help you can get. It seems the developers of this app have made the assumption that anyone using the app has a sufficient enough background to understand all of the information provided, which isn’t necessarily the case. A video tutorial section would really help to improve this app as well. There is a lot of great information here though so if you already understand the basics, Arbitrage Trader Pro is a great choice. This app will require 4 MB of available space on your iOS device.
How it Works
When you open the app for the first time you’ll have to create an account. This only takes a couple of seconds and then you’ll have full access to the app going forward. The main screen lists tons of stocks and indicates whether they are in a buy, sell, or hold position. It also indicates their current value and the movement of the stock at last trade.
If you tap on the Settings icon in the top left corner you can access a host of tools. There’s a market pulse section which lists the major market indices on the left-hand side, as well as a great list of financial news articles on the right hand side. There’s a lot of information here, so if you like to keep up-to-date on all the latest financial news you won’t be disappointed. There’s also a section for you to create a watchlist of stocks, a Fibonacci tutorial, an about section, a feedback section, and access to other apps by the developer.
Arbitrage Trader Pro is an excellent tool for anyone with a bit of basic investment knowledge, but if you’re a newbie this may not be the best app for you. It does have tons of great information, but it doesn’t provide any tutorials. If you don’ mind doing a little homework on your own this app is a great investment.
Cherry is a hard-working writer and an aspiring web designer who can't go a day without using her favorite apps. She's always on the lookout for new apps and enjoys discovering ones that others have overlooked.