‘Wall Street’- a renowned name among the investors in US has proved to be a game changer for many lives. Though one may assume himself to be lucky enough to risk his money, it’s as tricky as designing a time machine. There are a lot of variables and equations which determine the value of the stock in the upcoming days and there are many sharp minds with courage enough to solve them. One of them is Marc Chaikin who is a Wall Street analyst and named as one of the Top Wall Street Experts and Opinion Leaders. But wouldn’t it be great if they assist you while investing for the stocks? At least that’s what Marc Chaikin thinks and has recently launched the solution in the market.
We are talking about the new iOS app, Chaikin for TradeMONSTER that has been developed by Chaikin Stock Research equipped with the brain of Marc Chaikin. The app is compatible with iPhone, iPod touch, and iPad and requires iOS 4.0 or later. Just before you start using the app, make sure that you have created an account with tradeMONSTER at www.trademonster.com . It’s free, fast and simple.
The app is most likely to be useful only if you have at least 2-3 years of experience in option trading before. There are a lot of features embedded and if we keep on describing you them all, we can write hundreds of Wikipedia articles on each of the topics. So to be more specific, with the app on your device, you can trade stocks and options with real money, place orders, manage multiple accounts at the same time, get real time quotes updated every minute and alerts regarding the latest news of the stocks. But there is something more that Marc Chaikin is offering you – his advice. Yes! Every stock is given a power gauge rating of whether that is vulnerable to risks or a valuable deal. Also, there is a chart provided for every stock including the Chaikin Money Flow indicator to analyze its performance within last 1 year.
The in-depth customizing features of the app are very complex but necessary for an experienced trader. Other than choosing the quantity of the stock, you may enter many option strategies including Verticals, Protective Puts, Covered Calls, Calendars, Condors, Butterflies, Diagonals, etc. Also, to make sure that the app proves its worth, there is a paperTRADE account available where you can trade with virtual cash in your hands.
The interface is very smooth, well organized and structured. You can very easily configure settings, customize the details of a stock, place and manage orders and check the Chaikin Power Tools. These include daily reports, power gauge, etc. which are available via in-app purchases of $9.99 and $1.99 respectively. There are endless functions and all of them are placed such that you can see every one of them easily.
We liked the app very much and though it may sound to be a bit complex at the start, it’s only because of your lack of trading experience. For an experienced trader, it is the best app currently present in the App Store and if we forgot to mention, it is available for free.
Pros: power gauge ratings, stock reports, option strategies, charts including the Chaikin Money Flow indicator, free.
Cons: could be a bit more complex for the beginners.
Apps400 Rating : * * * *
Download Link : Download the App Here