Investment apps and software are powerful tools for increasing your potential income when used correctly.
They’re helpful when combined with software such as crypto portfolio trackers in understanding how you can diversify your investment strategy.
However, there are several factors to consider when opting to use AI programs of this nature.
In an industry where corporate investment totaled nearly $ 68 billion, it pays to pay attention to what is happening.
In this article, I rank and review the best AI investment apps and software on the market, helping you make smarter investment decisions.
What are the Best AI Investing Software and Apps?
The following list is of the best AI investment software and apps today.
1. Trade Ideas .
Best to have an AI tool that also teaches you how to trade.
With an advanced simulated trading platform, Trade Ideas offers a range of tools that will help you better to understand the nuances of stock market trading and investing.
With the risk of losing actual money minimized by using play money, beginner traders can use Trade Ideas’ proprietary Holly AI software to gain a foothold in the market while staying away from risk.
In addition, you can connect directly to your eTRADE account for a $0 commission trade with this platform’s brokerage account titled “Brokerage Plus.”
You can also automate your trading strategies using the most advanced artificial intelligence.
Trade Ideas offers today’s most versatile trading option regardless of your investment knowledge level.
Key Features:
- Trade using A.I.-powered automation technology allows you to set up trades whenever the market meets specific criteria. You can also completely manage your account using Trade Ideas’ brokerage plus platform.
- Trade Ideas also offers the best and latest ALERT stock index newsletter, which gives you five fresh trade ideas about stocks you can buy and sell throughout the week.
- With a Trade Ideas membership, you may engage in simulated trading, allowing you to practice trading with play money. It is a great way to test new strategies without financial risk.
Pricing:
With two pricing plans, you get various features and options to make trading more accessible, as follows:
- Standard: $999 per month
- Premium: $1999 per month
The annual plan gives you savings of $468 compared to the monthly plan.
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2. TrendSpider.
Best for developing a technical investment strategy that works.
TrendSpider’s technical analysis software is an excellent choice for people who want to automate their trading strategies.
TrendSpider is software that can quickly help you build, test, and optimize your custom trading algorithm.
It is possible to make more intelligent and more efficient trading choices using advanced machine learning using this tool.
In addition, you can also set up specific automation when it comes to how the trading tools function.
It allows you to develop, back-test, and optimize technical strategies with minimal human supervision because there are no other limitations on how many markets or securities you can trade.
By removing bias from your trading, it is possible to boost your win rate and potential profits significantly.
Key Features:
- You can automate your trading strategies using TrendSpider’s automated software and explore the equity market in a computerized way.
- Finding winning chart setups is easier with the latest version of TrendSpider’s charting AI systems.
- TrendSpider is an excellent choice for people who want to build and test trading strategies without limitations. It helps you learn how to program your own trading rules to avoid human error during the trading process.
- Time your trades accurately based on your system’s performance or market values.
Pricing:
Trendspider has three different pricing plans available. These are:
- Essential: $384 per year
- Elite: $780 per year
- Elite Plus: $1,620 per year
You’ll get two months free when you go with the yearly version.
3. Black Box Stocks.
Best for getting pre-market alerts before the stock market opens.
Black Box Stocks is one of the most user-friendly software for trading.
The software provides a straightforward platform for entering a stock symbol and running a screener based on your pre-defined criteria.
Black Box Stocks are different from other systems available in the marketplace because their system finds and posts alerts that allow you to explore the best opportunities in real-time.
Using their unique algorithms, Black Box Stocks brings to your attention a list of stocks that meet your criteria.
You can then decide if you want to purchase those stocks with their automated trading system.
Analyzing over 8,000 stocks and 90,0000 options, Black Box Stocks uses real-time alerts to find the best opportunities.
Key Features:
- The pre-market scanner gives real-time alerts on specific symbols, allowing you to filter and find the best opportunities.
- Whether you’re scalping options, day trading, or even looking for the best entries and exits for swing trading, real-time quotes are delivered by Black Box Stocks.
- Watch top traders execute their trades so you can learn from them.
- BlackBox Post-Market Stock Scanner reveals the top forty stocks with the most significant price hikes and decreases after the market close, allowing you to watch them closely and observe their movement.
Pricing:
Black Box Stocks has a 5-day free trial waitlist, which you can complete by filling in a simple form on their website.
If you want to start immediately, there are two plans available:
- Monthly: $99.97 per month
- Yearly: $959 per year
4. Zignaly.
Best to have a cryptocurrency AI bot performing your trades.
Zignaly is a crypto bot that performs robot trading for you.
Paying only when the bots make a profit, Zignaly has many appealing features.
Unlike most trading bots available now, there is no need to spend much time learning about their platform because it is straightforward, intuitive, and straightforward.
Zignaly takes care of everything for you so you can focus on the bigger picture regarding trades worth investing in.
With direct integrations with Binance, VCC Exchange, KuCoin, and BitMex (and more blockchain platforms on the way), Zignaly allows you to connect to your favorite exchanges and let the bot do its work.
You can choose the mode in which the bot works to ensure you get the best possible returns.
From semi-automated to 100 percent delegated, trading is performance-based from beginning to end.
Key Features:
- Follow Zignaly’s professional crypto traders to get the same results as them, which means there are no complex learning curves or strategies to wrap your head around.
- Trade on the exchange of your choice directly through Zignaly’s platform, or allow them to do it for you.
- See your earnings on the crypto portfolio tracker of your choice from one dashboard.
- Zignaly incorporates a. performance-based model and a high watermark feature into the copy trading functionality; this enhances all procedures using one single position for traders and investors.
- Once you’ve chosen your desired total balance, the platform will replicate trading activity proportionally.
Pricing:
Zignaly is a free trading platform that offers performance-based copy trading.
There is no fee for using them, but you must pay for the chosen exchange charges.
5. Tickeron.
Best for getting signals for both swing and day stock trading.
Tickeron gives you signals for a variety of different trades.
From getting signals for day and swing stock trading, day and swing crypto trading, and even signals for day and forex trading, Tickeron does it all within one platform.
Tickeron claims that real-time pattern trading is the simplest method to determine entry and exit prices; however, you must be able to scan hundreds of cryptos in minutes.
Since this is impossible for humans, AI comes to the rescue.
Tickeron utilizes AI to find these trends and see if such movements worked out well in the past.
Understanding past performance gives you a higher probability of winning trades in the present.
In addition, the combination of all available data also helps when it comes to future performance.
Key Features:
- The platform analyzes many signals daily to select the best ones for its users. They compare these with the stocks’ historical data points and only send accurate signals.
- Tickeron’s Real-time Patterns feed (RTP) scans hundreds of cryptos every minute in search of patterns.
- With bullish and bearish pattern scanning, Tickeron has specific data that lets you trade the way you like.
- With information about crypto, stocks, and forex, you will always have access to the best trading opportunities.
Pricing:
Tickeron offers various plans available for its members.
With a free version for all the following plans (apart from Advisor), the following are Tickeron’s paid plans:
- Swing Trader (Intermediate One): $90 per month
- Swing Trader (Intermediate Two): $180 per month
- Day Trader (Intermediate One): $90 per month
- Day Trader (Intermediate Two): $180 per month
- Investor (Intermediate One): $100 per month
- Investor (Intermediate Two): $210 per month
- Advisor (Expert): $250 per month
6. Kavout.
Best for performing machine learning investments.
Kavout puts all of the information you need to bring you educated financial decision-making in one place.
It combines machine intelligence and machine learning to suggest the best stocks.
You’ll get access to equity factors and trading signals proven and validated via proper research.
Machine intelligence has tested these factors and signals and is highly likely profitable.
Kavout is a finance and data science company with a world-class team of experts and engineers.
Their employees have experience at companies such as Microsoft, Google, Thompson Reuters, Baidu, and others, making them the best at their work.
All this means is that you will get high-quality and accurate signals that follow a strict research methodology.
Key Features:
- Kavout provides access to equity factors and unique financial instruments that offer stock exposure.
- You’ll get personalized factor-tilt portfolios from numerous stocks, industries, and sectors and the ability to create and analyze your portfolio from scratch. Portfolio management is crucial to successful trading, and Kavout excels at that.
- Factor loading market analysis, sector exposure, and detailed sub-factor level statistics are all researched and diagnosed, increasing your chances of success.
- The most popular options are evaluated in every pool, and the five key elements, 60+ sub-variables, or both determine the stock pool’s selection. You’ll then have access to the best possible results via Kavout.
Pricing:
You’ll have to contact them to get more information on their pricing.
7. VectorVest.
Best for having a simple approach to a complex industry.
VectorVest gives you all the tools needed to profit from fluctuations in the market.
As a tool, it tells you what and when to buy the right stock. Conversely, you’ll also know when it’s time to sell. That’s pretty much it.
The leverage of expert stock analysis and market advice is paired with easy-to-read charts and graphs.
All the data VectorVest provides is up-to-date, accurate, and presented in a way you can understand.
They provide stock market assistance, time-tested investing methods, and personal stock recommendations.
Top-notch stock analysis and market guidance provide you with an edge over others.
If you want a simple approach to picking the right stocks, VectorVest is the system for you.
Key Features:
- VectorVest provides a holistic approach to investing that considers market patterns and fundamental values to determine the best stocks and sectors to go for.
- With their rankings features, investing is no longer a guessing game; instead, it provides the finest investment possibilities for you to rise to the top.
- Investing methods the platform has developed and tested for success are clearly shown, increasing your chances of making positive returns.
- Their forecasts help you identify precise trading entry and exit points and provide helpful information about the current market.
Pricing:
With a 30-day trial at just $0.99 available on all their products, you can see the benefits VectorVest provides.
After that, they offer three pricing plans, with different features that come with the other plans.
The following are the prices of the plans:
- Basic: $69 per month
- Enhanced: $99 per month
- Premium: $149 per month
Other AI trading software not mentioned in this article include Equbot and Meta Trader 4.
What are AI Investing Software and Apps?
An effective AI stock trading software or app should serve one primary purpose: Provide accurate information on how the market performs over time so that its users can make investment decisions accordingly.
Therefore, artificial intelligence (AI) investing software is mainly designed to make investment decisions for you.
Stock trading bots have three components:
- Data input – They collect and analyze data related to your investment situation and set conditions, as well as the market as a whole.
- Algorithm – A “translator” interprets the data fed by you in terms of different possible decisions, e.g., whether or not to invest right now, the stocks to invest in, how much you’re willing to invest, etc.
- Output – A report generated by AI bots allows you to see potential choices. Some bots will go ahead and invest for you based on the amount of risk involved as well as potential rewards.
Using AI to invest may not be the right choice for everyone.
It depends on your current financial situation and general attitude toward risk.
If you want to make a long-term investment, then using AI is worth considering.
It’s cost-effective and acts as an unbiased market review at any given time.
Who is AI stock trading software for?
AI trading software is best suited for people with a specific mindset.
- Long-term investors – Someone who doesn’t buy and sell stocks at short intervals but is looking to hold for the long term.
- Someone looking to invest a large amount of money. You don’t need to be willing to invest vast sums of money in starting, but if you do, AI stock trading software might be the right choice for you.
- People new to stock trading – If you’re new to stock trading, investing via AI is better than directly in the market without any knowledge of the subject matter.
- People looking to trade stocks and want an advantage over others – AI is always a good choice if you want to profit from investing in stocks.
What features should an AI stock trading bot contain?
The following features should form part of any stock trading bot you might consider.
Stock trading strategies
As mentioned above, effective AI trading software should include algorithms to decide for you.
The bot should contain at least the following three stock investment strategies.
Algorithmic trading – Invest in small amounts across a wide range of stocks to avoid risk or volatility in any one particular stock.
Market making – Starts buying and selling when its algorithm identifies different price points in the marketplace.
Arbitrage – Uses information about transactions between two parties to profit on high-volume trades within seconds.
Real-Time and Reliable Financial Information
Just like with other financial tools, there are limitations to what you can achieve solely based on data inputs alone.
The only difference is that you can realize this fact much faster with AI-powered tools.
To run your deep learning algorithm correctly, you need a lot of financial data about the constantly-updating market.
If the platform doesn’t provide this data in real time or if there’s a delay in its delivery, the bot may make inaccurate predictions and decisions.
It would be a significant shortcoming of any AI investment tool.
Effective trading software should provide access to reliable and up-to-date financial information that can be easily integrated into your bot’s model to avoid such a situation.
Technical indicators
Technical indicators help you make better stock predictions by looking at historical data and trends.
Useful in various situations, technical indicators can help when looking at past trades, using Bitcoin mining software, or even deciding about a particular company to invest in.
For example, if you are considering investing in one or two companies out of a list of multiple ones, understanding which companies have consistently had good financial results for the past year is crucial to shortlisting which ones to go for.
As such, the right technical indicators are paramount if you want your machine-learning algorithm to make accurate predictions about future stock price movements.
Caters to your trading style
In the stock trading world, everyone has a unique style of trading.
Some prefer high-risk, high-reward investments, while others look for low-risk and steady returns.
It’s essential to find AI software that caters to your needs and matches the type of investor you are.
It may be challenging if you’re new to stock trading or lack technical knowledge about stock investing.
In such trading scenarios, you should stick to AI tools with less experienced users in mind.
Such tools typically provide support through wizards, online forums, and even access to mentors who can guide you every step of the way.
User experience
It’s essential for both a beginner trader and a veteran to consider user experience as one of the topmost factors when choosing the right AI investing software.
After all, the user experience directly impacts how effectively you can control your bot when giving directions.
This affects the bot’s ability to perform well when maximizing the returns on your investments.
It’s advised that you don’t use tools with a complicated user interface and those which require you to have an in-depth knowledge of the stock market before getting started.
Instead, choose a machine learning trading software that keeps things simple, and anyone can use it, even those without much prior experience in trading stocks.
Trading fees
Many online stock trading websites claim zero trading commissions but don’t include hidden charges at first glance.
These can include withdrawal fees, wire transfer fees, etc.
Such hidden charges could significantly increase the cost of your investment and may result in losses over time.
Make sure that any AI investment tool you plan on using involves low or no minimum fees.
One good way to judge if there are any hidden fees when using investment software is to check for reviews and testimonials online.
You can also speak directly to the software’s customer support to understand what’s involved.
Dynamic learning capabilities
If you’re looking forward to investing in stocks using AI tools, your software must constantly learn from what’s working and evolve with the changing market conditions.
Software that doesn’t constantly re-evaluate its strategy can become obsolete very quickly.
Ensure that your AI investing software has dynamic learning capabilities and can revise its trading algorithm frequently.
It’s also important to note that while this type of software may require initial investments for creating reliable software that gives good predictions, it’ll be worthwhile in the long run.
Since financial markets are one of the most volatile markets in the world, they can result in heavy losses if you trust the wrong software.
On the other hand, the right type of software can yield a great return on your investment.
Performance History
You’ll need access to historical data about how well your software performed in previous years to understand its effectiveness before investing real money.
If your software has been performing well in recent years and is constantly updated to keep up with market changes, then there’s no reason why it should stop working anytime soon.
Stock charts are strong indicators of an investment tool’s reliability, so if you have access to this data, it will be worthwhile to check it out.
Reputation
If your AI software is new or relatively unknown in the financial markets, it’s probably not a good idea to invest too much money into it as there may be some bugs that people haven’t discovered.
The people that are behind the software are also crucial.
Experienced technical analysts who work on specific software play a huge role in the reputation of their tools.
Do thorough research before investing in any trading software to make sure that it has a reputation for delivering high-quality results for its customers.
The right automated technical analysis can help make more informed decisions and also take the emotions out of trading.
Balancing AI Investing Software With Human Advisors
Artificial Intelligence (AI) has rapidly gained popularity in investing as a tool for making informed decisions.
Investors are turning to AI because it analyzes vast data and generates predictions.
As a result, the market is filled with AI-powered investment apps and software that can lead investors to financial success.
However, it’s essential to recognize that AI should not replace the importance of human advisors in the investment process.
While AI can provide valuable insights, it cannot replace human intuition and the ability to analyze market trends.
Finding a balance between AI and human advisors is crucial.
That’s why trading platforms and investment firms offer AI investment software complimented by seasoned investment advisors that can help investors make well-informed decisions.
The best investment strategy uses AI investment software to gather comprehensive data on market trends, news, and analysis.
But it’s also an approach that leverages the expertise and intuition of experienced human advisors, who can anticipate changes in the market and help investors navigate the unpredictable landscape.
Best AI Investing Software and Apps – FAQ
What are ETFs?
An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, a bond, or a basket of assets like an index fund.
ETFs are relatively cheap when you compare them with mutual funds, and you can buy and sell via brokerage accounts.
Also, you can short them like stocks.
ETFs typically experience lower transaction fees than other types of mutual funds, and they provide tax advantages to investors by acting like a trust or partnership.
Can a startup using AI investing software?
A startup is a company that is in the process of being set up and has not officially started selling any services yet.
The fund required for setting up a startup is usually minimal, so it’s recommended to look into other forms of financing rather than tools with high initial investments.
Why are hedge funds starting to use AI for stock trading?
Investing is a huge business; investing in AI software is the first step to stock investing.
Hedge funds have the money required for this investment, so they’re breaking ground using these tools.
Do I need a financial advisor to invest?
Not necessarily, but having one on your side can help to give you an unbiased opinion about the AI software you have chosen.
What’s a breakout when investing?
A breakout is when prices rise above an established resistance level or fall below a specified group of support in the market.
Traders will often look to invest in price movements that are breaking out of these levels.
Wrap Up.
AI bot trading software can be a great way to get better returns and minimize risks on your trades.
Although using a software solution isn’t a substitute for researching, monitoring trends, and having your eyes open, professional traders often do their homework and rely on artificial intelligence simultaneously.
In addition, there are now fewer problems with supply, fuel costs, energy prices, and other issues when investing (due to less influence of the pandemic on the markets).
Therefore, AI investing tools might become more reliable.
To summarize, the best AI investing software and apps on the market right now are:
- Trade Ideas: Best AI tool that also teaches you how to trade.
- TrendSpider: Best for developing a technical investment strategy that works.
- Black Box Stocks: Best for getting pre-market alerts before the stock market opens.
AI investing is no longer a fad you see on social media; instead, it’s something that people should look into and use appropriately.
By using the power of AI, combined with your knowledge when trading, you’ll see a very impressive increase in the results you get through investing.
What do you think?
Do you think AI trading bots can help you save time and money?
Have you ever used such bots to help with trading?
Let me know in the comments section below.
Further reading on AdamEnfroy.com: Want to know about another use case of AI investing?
In addition, here’s a post I wrote about the best risk management software on the market.
By Kevin Farrugia 
By Michael Enfroy 
