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A Guide to Monitoring Stock Trends in 2019
Arcadia Weekly Apr 17, 2019
The New York Stock Exchange. – Courtesy photo
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The New York Stock Exchange. – Courtesy photo
Monitoring stocks can be challenging and as we progress through 2019, it’s becoming increasingly apparent that more and more traders are looking for more efficient ways to monitor their chosen markets. While the likes of mobile trading have made it easy to do precisely that, predetermining the trends in any market isn’t always as simple as a mobile app. With the year in full swing, we’re investigating the best ways to monitor stock trends in 2019.
Volume indicators are nothing new in the world of trading, yet they are an invaluable tool that keeps coming back. Used to monitor stock trends, they will show the volume of people using the market in certain ways and how much the buy and sell prices are likely to be affected because of their activity. Volume indicators on the Forex market are ideal for businesses that are frequently trading with overseas markets, as it allows them to assess the trends and predict any major shifts in the overall value without needing to be in the middle of the action. This is particularly important with the likes of the fashion industry, as this can be an extremely volatile market as it progresses through each season worldwide.
Monitoring stocks on a smartphone have become the norm, but the value of using a desktop trading platform often goes overlooked. By having a notification set up for any significant drop or rise in the market, this can help you to monitor your investments much more closely, even when working a full day at your job. With a multitude of apps either producing a desktop version or having come from one, you can better keep an eye on your chosen markets regardless of if you’ve chosen one market or several.
Artificial Intelligence is another tool thousands of traders are beginning to pay attention to. AI systems will not only look at your search and investment patterns but will use the information collected to tailor your experience. The technology will then recommend markets to you as well as aim to make transactions far more seamless by enabling smarter trades. Perfect for those new to the markets or operating with more volatile commodities, you will be guided throughout the process with a helping hand at every stage. Although the technology is in the early stages, it is particularly beneficial for a start-up as it will enable them to monitor the markets with ease, regardless of the amount of experience that the user possesses.
Once again, it’s nothing new in trading, but keeping up with the news is perhaps the best trend to follow within trading. Keeping on top of international news will help you to predict markets and prepare accordingly, as political uncertainty and other economic factors often affect the market and can lead to vast fluctuations. A prime example of this is in the UK, with the drop of the pound and a hit on the economy following the 2016 referendum result. The result of the referendum caused a fluctuation on the foreign exchange markets, as it seemed there were a number of people losing faith in the pound. The effect on the market, as a result, was devastating, especially as the pound had always seemed to be a safe bet for investments in the past.
The increased level of political uncertainty has continued to affect the market through the ongoing fluctuations in the pound. The still-undecided end result of Brexit and increased political uncertainty of the government had the potential to have an even bigger effect on the UK economy, not least through the price of everyday products and other stocks.
Outside of the UK, another example of political uncertainty affecting stock prices is the increased tension between the USA and China. The ongoing trade war between the two nations has not only affected their economies, but also the international stock market. With China placing sanctions on imports the USA receives from them and vice versa, there has been an increased focus on how the ongoing disagreements can affect international trade as a whole.
So whether you are monitoring the market with a number of tools at your disposal or you are new to the foreign exchange market and beginning to take the first step monitoring the stock market is the ideal way to stay on top of your investments whilst gaining knowledge of the market that you are investing in.
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