If you are a stock market trader, then you should go for a smartwatch. As smartwatches gain popularity, numerous brokers have released apps that let their customers monitor their portfolios and even do trades.
For stock traders, a smartwatch can be an effective tool to have on your wrist. Smartwatches are a terrific method to view brief, real-time stock information, but due to their lack of features, they cannot be utilized as the primary trading tool. By setting up the notification option, you can rapidly execute a trade using your computer, mobile phone, or tablet. This is the easiest method to use a smartwatch for day trading.
How To Trade Using Smart Watches?
Now, I’m going to share some important features that will help you to trade while using a smartwatch.
By Tracking Markets
With a smartwatch, you can easily keep an eye on the stock market. With little market information, trading applications provide a simple way to monitor one or two stock tickers at once. For instance, you can keep an eye on the current price and the trend line, which can help you get an idea about what can happen during your busy schedule. So, if you have a smartwatch on your wrist, it will give you an overall overview of the stock market whether it will go up or down.
You can use broker apps such as Robin Hood, Interactive Broker, BINANCE and so on which enables you to monitor open positions and orders.
By Receiving Alerts
There are many apps available for your smartwatch that can deliver trade alerts. By configuring automatic notifications for when stocks satisfy specific criteria, apps like WatchAlert enable users to keep an eye on their portfolios.
The platform for your broker must be opened on your phone, tablet, or computer to place a trade because these apps are not always linked to an exchange account.
By Making Trades
Trading using a smartwatch is possible with some broker apps, such as IG, BINANCE, etc. With the same functionality as smartphone apps, these smartwatch apps enable users to view specified marketplaces and open or close positions with a single swipe.
These apps still need your phone and smartwatch to be linked to executing trades. Therefore, the reduction in the amount of time it takes between receiving an alert and placing the desired trade is the key advantage of using these smart watch trading apps.
Best Smartwatches for Stock Market Trade
Below are some of the best smartwatches that will definitely help you in trading. Note that those are not the only smartwatches that can perform such a task. We have gathered the best ones so that you can easily find your ideal watch to wear for trading.
1. Apple Watch Series 8
Among the high-end wearables on the market, Apple holds a unique position. Numerous functionalities are already available without the need for an installed app. Apple Watch Series 8 includes a stock app that may be used to track stocks and keep tabs on the market while on the road.
It essentially shows every stock listed in the Stocks app on your iPhone while also giving you the option to manage them from your wrist. You can also install the Robinhood app to see the ups and downs of the stock market on this watch because it is available on both iOS and Android.
2. TicWatch S2
The TicWatch S2 comes with a preinstalled Wear OS by Google. Google’s Wear OS is preinstalled on the TicWatch S2 by default. This watch’s sporty appearance makes it ideal for outdoor activities. Silicone is used as the band material, giving it soft-touch bands.
With the Gorilla Glass 3, it can resist any type of scratch and can able to survive vibration, heat, and humidity much more with ease. Durable polycarbonate is used as the casing material for the watch for added protection.
Furthermore, the watch offers a tonne of fitness and health tracking features to handle your daily activities. This includes keeping track of calories, steps, and heart rate. Additionally, Google Fit, the most popular fitness monitoring software, is pre-installed. For greater tools & development, you can also install applications like Strava and Runkeeper.
For stock trading, you can download the different apps from the Play Store and can connect them with your TicWatch S2 smartwatch. You can also utilize Google assistant to check the current trading rates on your wrist.
3. Fossil Gen5
The quality of Fossil’s smartwatches is almost flawless. Fossil differentiates from the competition whether it comes to performance, customizability, or aesthetics. The company is the most well-known since it knows what to provide to make the product worthwhile.
The Fossil Gen 5 comes with preinstalled Wear OS. The watch’s stylish design complements any outfit, letting you seem beautiful in a variety of settings The watch’s style makes it suitable for formal settings. The Fossil Gen 5 has a larger display and significantly better performance than its predecessor. It has a 1.7-inch display, which is fairly big and gives you plenty of room to interact. Because the display is well-viewable in natural light, brightness won’t be an issue.
Well, you can install a different stock trading app that is compatible with Wear OS. You can use Robinhood or Binance app to check the trading strategies but you should have to connect these apps with your smartwatches.
Ending Thoughts
There are multiple stock marketing apps on Android OS, but the one which I like the most is the MyStocks app, as it provides you with detailed analysis and multiple features to check the increase and decrease rates of any bitcoin. If you have attached it to your smartwatch, it gives you a notification about the hottest and the most modestly priced coins on the market.
You can choose from a variety of smartwatch brands, but the Apple Watch Series 8 is the most popular. With a lot of features, it is easy to use, and you can easily make a trade with just a single touch on your smartwatch.
