Posted on 13 August 2012.
Finding the best penny stock alert can be a daunting task. There are dozens of alerts out there, each claiming to have cornered the stock alert market. Some alerts come as part of an investment software package, while others are built into online trading platforms. Some can even be downloaded separately as apps for your smart phone, tablet or other mobile device. In the end, choosing an alert system is a personal decision. You must find the stock alert that is right for you, your limitations and your needs. While this may sound difficult, you can make the decision easier by asking yourself two questions: “What do I want to get out of this alert?” and, “How much am I willing to pay for the service?”
Figuring out what you need the alert to do is the first step to choosing the best penny stock alert. Using an alert that is fully integrated into your investment software, for example, has a number of advantages. Because the program has access to your entire investment strategy as well as the latest market information, it will be able to provide the most comprehensive, up-to-date alerts. If, on the other hand, you simply want to be alerted when a specific stock behaves in a specific way, you might prefer a stock alert mobile app. You can program your app to look for certain things and to send you a message when it finds them.
Depending on what you want out of your alert system, you may find that the best penny stock alert is also the cheapest. In general, investment software alerts are the most expensive, as you must buy the entire software package in order to get the alert. Online trading platform alerts are generally more affordable, but you will still need to pay for a subscription to the whole platform. If you already use either of these services, however, you may be able to simply activate the alert function for free. If you do not use either of these services, you will probably find that a mobile app is the most affordable option. In fact, the best penny stock alert mobile apps can be downloaded completely free of charge.
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