Everyone is getting into the investment game these days, with all the tricks and shiny new platforms that allow even the most layman of investors to feel like a professional, from a clean stock market graph to the various trackers and alert systems therein.
While it may be a tempting notion to jump into the investment game with a few YouTube tutorials bookmarked and a few hundred extra dollars in the account, there are much better ways of wading yourself in. Jumping into any investment journey without doing the due diligence will eventually lead you straight to the bottom.
While it’s a wildly exciting premise to invest so diversely thanks to the modern conveniences of online platforms and user-friendly interfaces – the question still remains, how do you equip yourself with the best possible tools for the job.
With the right tools like a solid stock market graph and the right level of patience – you will be on the right track from the get-go. This article will cover what you should be looking for in your stock market graph, and the vital importance of having the bare essentials covered before you jump into excess.
Getting To Know Your Stock Market Graph
Let’s go through the fundamentals of your latest and greatest tool in the investment portfolio, the stock market graph itself. For those who are uninitiated or imagining a green ticker tape of LEDs protruding through with share prices and figures, the first time you lay eyes on a stock market graph will immediately send shivers down the spine and confusion to the brain stem.
There are so many differentials and variables that go into creating a solid stock market graph that keeping track of it without understanding the language is simply impossible.
When looking at one for the first time, keep an eye on the chart itself and notice the patterns emerging for each share, you’ll notice that the green indicates a gain and a red indicates a loss, this is simply to signify the various prices of the share in question. There will often be an ‘Open’ ‘Close’ and ‘Volume’ metrics across the various types that exist out there.
Open
The open price indicates the opening price for the share in question. This is the jumping off point when the markets open so to speak and will change quickly if there was news surrounding the company – for good or ill.
Close
Indicates the closing price of the share for the market day. Again, the Open and Close figures will give you some indication as to where the investor trends reside and should always be kept in mind.
Volume
One that is often questioned is the ‘Volume’ demarcation. This is simply to indicate the number of shares that have been bought and sold in a particular frame of time. A high-level of volume tends to indicate that investors are pouncing on the trades and vice versa for low-level trades.
The Stock Market Graph Feature To Look Out For
Now we have the very basic fundamental understanding of the outlines of the stock market graph, it’s time to list off some lucrative features you’ll want to have in your repertoire when you invest with this immeasurable tool. A good stock market graph should have user-friendliness and a lot of customisations, with particular attention paid to the ease of setting buy and sell limits and alerts.
This may sound superfluous, but for a newcomer to the share world, this could be the matter that keeps your investments going. Having a stock market graph with these settings will send you on the right pathway before you know it.
