I have been using the Investing.com App and Teletrader App for many years as part of Options trading analysis.
I would have given one of these Trading Apps a 10 out of 10 rating but there was one problem I just could not get over.
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About Investing.com and Teletrader Apps
These are two FREE mobile Apps available for Android and IOs users.
They aim to provide financial markets information to the traders.
Since they are mobile based, it makes them very convenient for people who are often moving around throughout the day.
Therefore, they can keep up with everything markets related across the globe while away from their trading offices.
Teletrader App Review
Just like the investing.com we reviewed recently, the Teletrader App main futures help traders with not only US stocks but all commodities and international markets.
It features an Economic Calendar, Alerts, Portfolio tracking, charting and above all, the ability to set up watch Lists per industry, sector or anything you would like.
Some people often refer to it under these names: Teletrader, Teletrader Software, Teletrader.com App pr Simply Teletrader App.
One major drawback on the Teletrader App is its inability to provide Live quotes.
There is a 15-minute delay that makes it impossible to use this track for stocks and Options trading.
Teletrader also does not come with all the webinars Investing.com provides for the education of investors.
On the other hand, Investing.com App does not give the users the options to create Watch Lists for study purpose.
The technical analysis is better done on its counterpart.
On there, it is possible for you to familiarize yourself with all the technical indicators we introduced
How I Use Investing.com App
Since I happen to be on of those traders handling other activities throughout the day, this App has become a necessity for alerts, news and markets impacting headlines.
My daily routine starts with it especially in this 2019 year when I have been noticing this new trend.
Typically, it is a well-known fact that most markets around the world tend to react to what is going on in US markets.
In other words, US markets are often the barometer to the World markets.
Hence, it is not like to see a correlation between a major US index like SPY and other international indexes.
The German general index DAX (Ticker: ^GDAXI) is one such international indexes.
My interest in the DAX comes from this simple observation: Germany is the strongest economy in the European Union (UE).
Coupled to the fact that Germany is 8-9 hours ahead, it makes DAX an interesting candidate for study on how is to correlate to the US leading ETF SPY.
How valuable is that ?
Well, the daily trend of Dax that closes at 11:35 AM EST can be a leading indicator for SPY.
That has been my observation throughout this whole 2019 year.
In order to fully validation my observation, I performed correlation tests between SPY and DAX.
I used their daily charts for each year from 2016 through Dec 20 2019.
The results below are amazing:
What I have been seeing in 2019 is confirmed by the correlation coefficient between SPY and DAX.
2019 has the highest correlation over the last 4 years.
What does this mean ?
The data tells us that the two markets traded similarly.
How similar ?
90% (square of the correlation coefficient) of the times, the direction was the same.
In comparison, in 2017, only 75% of the time were indexes trading in locked steps.
In other words, during 2019, whenever DAX was bullish or bearish, SPY was exactly the same.
So over the 230 days of trading so far in 2019, knowing the direction of DAX gave a strong indication about the direction of the US main leading index SPY.
You can recall, I used this knowledge to confidently generate 100% profit on SPY Puts a short while ago.
How I Use Teletrader App
I perform the lion share of my technical analysis with the Teletrader App.
Nightly study of charts does not require the Live quotes data.
Therefore, not having that feature is not a hindrance for this specific task.
Here is a video to show you all of the things you can accomplish with the Teletrader App.
Which One Is Better ?
From the way I use the two mobile Apps, I can conclude that they fulfill different roles for me.
The ease of charts analyses and the tracking of Watchlists make Teletrader App indispensable for technical analysis study.
For instance, if I only have 30-minute where I am idle waiting t the doctor office, I can just open the App and start studying for the next day.
While I am away moving about my day, the Investing.com App allows me to follow live quotes, track futures or international markets in preparation for the US markets.
To sum up, both Apps are necessary for my trading routine since they allow me to accomplish different functions.
We compared the different functionalities between the Teletrader App and the Investing.com App.
Some are similar (Alerts, portfolio, Economic calendar) while some differ (free webinars education, historical price, watch Lists setup, technical analysis with major indicators).
At the end of the day, both are worthy to be included in your arsenal of tools to help you with your stocks and Options trading.
Suggested Resources and Reading
- Forum For Investors and Traders : Beginners and Experienced
- FlowAlgo IS The Future of Trading
- Is TradingView or Finviz Best For Options Traders ?