In this 21st century, there have been some extraordinary changes in executing trades in the stock market. With the revolution in mobile app development, online stock investing isn’t a surprise anymore. As more and more investors prefer to access online stock and virtual trading applications, it is a huge opportunity for businesses to build an app like Stock Trainer. This blog is for you if you are also planning for stock trainer app development. It discusses everything about developing a stock trainer app, including the app features, working, benefits, costing, and more.

So, without delaying further, let’s read this blog.

What Is Stock Trainer App?

A stock trainer app is designed to stimulate the online stock trading experience. It offers users a virtual environment to practice trading without investing real money. This app is particularly beneficial for beginners who want to familiarize themselves with the stock market. So, when you build an app like eToro or build an app like Stock Trainer, experiment with various trading strategies, and allow users to gain practical trading experience without any financial risk. Typical features of stock trainer apps include virtual portfolios, real-time stock market data, and interactive charts. By utilizing these features, users can evaluate their performance, monitor stock prices, and analyze market trends, enhancing their understanding and expertise in stock trading.

How Does Stock Trainer App Works?

The stock trainer app works the same as other virtual trading applications. Still, to help you understand ‘How does the stock trainer app work?’ here is a step-by-step process explained. Refer to it before you proceed with stock trainer app development.

1. Download and Register: Users download and install the stock trainer app and create an account by providing the necessary details.

2. Virtual Portfolio Setup: Upon successful registration, users set up their virtual portfolio and choose an initial amount for virtual trading. This amount represents their virtual investment capital.

3. Stock Market Data: The app displays real-time or delayed stock market data, which can be retrieved from reliable sources to ensure accuracy.

4. Stock Research and Analysis: Users can research and analyze stocks in the app’s stock database.

5. Virtual Trading: Next, users can buy or sell stocks within the app by specifying the number of shares to trade and the price. The app further simulates the trade execution based on real-time market data.

6. Trade Simulation and Tracking: The app tracks the virtual trades, including the purchase and sale prices, transaction fees, and overall profit or loss. Users can also review their trade history and learn from their experiences.

7. Performance Evaluation: Finally, the stock trainer app users can assess their trading performance via metrics provided by the app, such as ROI, portfolio diversification, and risk analysis. It allows users to gauge their progress and identify areas for improvement.

It’s much better to buy a wonderful company at a fair price than a suitable company at a wonderful price.

“Warren Buffett”

Simple Steps Process to Build An App Like Stock Trainer

The steps to build an app like Stock Trainer are similar to other mobile app development processes. Here is the step-by-step process highlighted by the stock trainer app development company experts that will help you launch a perfect mobile app for virtual trading.

#Step 1 – Define Your App Requirements

Determine the overall project requirements, including the key features, functionalities, tech stacks, design, and other essentials needed to develop an app like Stock Trainer. It is a crucial step to help you identify your application goals and scope. So, focus on this step and collect all the crucial data required for stock trading app development.

#Step 2 – Conduct Market Research

Next, start conducting market research to analyze the existing stock trainer apps. It will help you better understand their existing features, user experience, and market trends. Also, identify gaps or areas for improvement to leverage in your app, like Stock Trainer. It will make your business application unique from thousands of stock trading applications available in the market.

#Step 3 – Design the App’s UX/UI

An appealing application design can be a strong asset to attract more users towards your virtual trading application. So, create a strong UX/UI for your app, like Stock Trainer. If you don’t have the desired expertise, hire dedicated developers who can create an app like a stock trainer with an intriguing user interface.

#Step 4 – Backend Development

Now, set up the server infrastructure, databases, and APIs essential for handling the functionalities of your stock trading application. It includes retrieving real-time market data, managing user accounts, processing trades, and storing user data securely. The experts of the top mobile app development company can perform this job better, so if you aren’t an expert in this, connect with the professionals.

#Step 5 – Frontend Development

Next, develop the client-side components of the Stock Trainer app using the best programming languages and frameworks. Implement the UI design, integrate APIs, and ensure smooth interactions and responsiveness to launch a growth-driven stock and virtual trading application. For that, you can also hire frontend developers from a leading firm.

#Step 6 – Market Data Integration

This step is necessary to build an app like stock trainer. Focus on integrating reliable market data sources within the stock trainer app. It provides real-time or delayed stock prices, charts, and other relevant information. It is a mandatory stock trading app development step that shouldn’t be missed at any cost.

In 2020, the market size was estimated to be around $1.8 billion, and it is expected to reach $2.9 billion by 2025, with a compound annual growth rate (CAGR) of approximately 9.9%.

#Step 7 – Testing and Quality Assurance

Conduct thorough testing to identify bugs, errors, or performance issues within your stock trading application. Also, test the app’s functionality, data accuracy, user flow, and security. After successful testing, check the stock trainer app’s compatibility with different devices and operating systems.

#Step 8 – Deploy and Launch the App

Finally, launch the application on the desired mobile app development platform (i.e., Google Play Store or App Store) after final testing and quality assurance. Optimize the app’s listing, metadata, and keywords to improve visibility and discoverability. It will add little mobile app development cost, so ask the experts before seeking their services.

#Step 9 – Maintenance and Updates

The last step to build an app like Stock Trainer is not a development step but a mandatory step after the stock trading app development process. So, continuously monitor and maintain your app like Stock Trainer. It will help you keep your business application updated as per the latest market trends and help you win market attention in no time. For that, you can seek experts’ mobile app support and maintenance services.

These are some simple steps that, if followed properly, will help you develop a profit-driven app like a stock trainer. Now that you are well-versed with the entire mobile app development steps follow them. You can also hire mobile app developers to do the work for you.

Key Features to Include When You Build An App Like Stock Trainer

When you plan for online stock trading app development, make sure to insert the following set of key features as listed by the trading software development company provider.

These are the top features required to build an app like a stock trainer. Don’t forget to add these features whenever you create a similar application.

How Much Does It Cost to Build An App Like Stock Trainer?

Generally, a virtual trading software development costs around $10,000 to $25,000 and more, depending on the requirements of a stock trading app. So first, you need to be clear with your project requirements and goals, share them with the experts, and they will help you get the stock trainer app development cost estimation. Besides this, some major factors determine the cost to build an app like Stock Trainer. They are –

• App Features
• Tech Stacks
• App Size
• UX/UI Design
• Complexity
• Development Platform
• Developer’s Location

Complete Guide on Cost To Develop A Crypto Trading App In 2023

Closing Thoughts!

This is it! So, here’s everything you need to know before you build an app like Stock Trainer. Now that you have a clear idea about the working process, features, cost, and steps associated with trading software development, it is time to start the process. Compile all the information discussed in this blog above and develop a masterpiece enough to make some noise in the market and outshine competitors.

If you have a team of mobile app development experts, well and good; if not, connect with the professionals of Dev Technosys. With years of expertise in this industry, we can curate any type of mobile app for your business within your budget. So, leave your concern about the stock trainer app development cost and leave everything to our team.

FAQ

Whether you run a small-scale business or a large enterprise, you must have the plan to tackle the unknown paradigm shift, market changes, and more. Therefore, seeking tech consulting services from a reputed firm can be an outstanding business strategy.

It can help reduce business risks and boost ROI if your new project demands IT experience. Besides this, IT consulting services can do a lot more good for your business. To get a better insight into the same, continue reading this blog.

What Are Tech Consulting Services?

Tech consulting services or IT consulting services are advisory services that assist clients by offering unique tactics and aligning them with their business strategies.

Well-known IT consulting company support businesses with strategic, architectural, operational, and implementation planning. The professionals cover almost every field, including cloud services, Cybersecurity, IT solutions, disaster management, and more.

The best IT consulting companies focus on offering the best professional guidance to businesses. The experts evaluate existing business infrastructure and offer suggestions for modifications to meet the desired business objectives. So, this is the basic role of IT consultancy services behind business success.

Benefits of IT Consulting Services For All-scale Businesses

Are you planning to avail IT consultation services for your businesses, but wondering, whether it is good for your business or not? Well, the following is the list of benefits of IT consultancy that will help you get assured of your decision. Let’s begin by revealing the benefits one by one.

1. Streamline Business Management

There are countless ways how businesses can make the best use of technology. Well, there is no denying that very few business owners can comprehend technology’s true potential. IT consulting and services companies are excellent at strategizing and staying updated on the trending technologies that would be beneficial in streamlining business processes.

So, businesses struggling with managing their system and needing expert assistance can contact one of the leading and top IT consulting firms where experienced professionals work.

2. Strong Security

Data or information is an extremely sensitive resource, especially for enterprises and companies. Right? Today’s organizations strive for security measures that offer flawless protection for their data and related resources since they take cyber security seriously. The best person to assist with this is an information technology IT consultant.

Besides spotting possible dangers, tech consulting services providers can assist firms in staying strong during Cyber-attacks and develop the best preventative procedures. So, while connecting with IT consultants, businesses can get assurity to strong business security.

3. Cost-effective Option

As per the survey, when you ask business owners about hiring IT consultants, most will say ‘No.’ The major reason behind this is the cost. But that is absolutely a myth that needs to be busted right away. Hiring tech consulting services experts may seem like a costly process initially, but when you compare it with availing services individually, you need to pay more.

An Information technology consulting company comes up with exclusive and customized packages as per the businesses’ needs and demands. So, business owners can choose as per their budget and project requirements.

4. In-depth Project Analysis

An IT consulting services provider job isn’t only about resolving the problem; it is something more than that. The professionals possess expertise in conducting in-depth project analysis and evaluation that results in project efficiency and accuracy.

The service provider will then act as an auditor. To make the right decision, business professionals must choose the right model and tech stack, which is impossible if you lack the expertise.

This is where the demand for information technology consultants comes into the picture. They can perfectly analyze your project requirements and develop a growth-driven solution for your business.

5. Identify Improvement Areas

Not every business owner possesses the expertise to identify the areas of improvement themselves. It is where they require the assistance of IT consulting companies. The experts thoroughly analyze the entire business system and jot down the areas of improvement to boost your business growth and efficiency.

While seeking tech consulting services, you can have a team of experts who can use their experience to suggest new modifications. It will take your business one step ahead at a time and bring in enormous profits you’ve never thought of.

6. Access to a Wide Range of Services

Entrepreneurs and small-scale businesses can’t hire different team members to offer different services. This is where hiring an IT consultant is a perfect option as the professionals specialize in a wide range of services. It will not only save your budget greatly but also ensures work perfection.

So, just look for a reliable information technology consulting firm with a dedicated team and unlock access to a wide range of services on the go. What else do you need? We guess, nothing!

7. Round-the-Clock Expert Availability

We all are well-versed in the fact that the in-house team of developers is only available for specific hours and their job is limited to 8-9 hours. Isn’t it? This is where seeking the best IT consulting, and services company assistance can help resolve such a situation. Businesses can get 24*7 expert availability while seeking such services.

Whether you need healthcare IT consulting firms or any other assistance, the professionals will always be there for you. Businesses can simply get their problems resolved under the expert assistance, and that too, without waiting for long.

These are the wide range of benefits of tech consulting services businesses can experience while availing the expert assistance. Now that you are well-versed with the perks, you can go for tech consulting services in a go.

Different Types of Tech Consulting Services You Can Avail

There are ample types of IT consulting firms available in the market ranging from data backups to health desk services. Whether large or small, you can avail of information technology consultants’ assistance for all types. Here are the different types of services you can avail of.

1. Enterprise IT Consulting Services

ERP software is a program enabling organizations to utilize integrated apps. Seeking enterprise IT consulting services enables organizations to automate different business activities, including technology, services, and personnel. Let your enterprise reach the heights with expert assistance, and get ready to avail of significant perks.

2. Network Security

There are times when organizations need to incorporate strong network security to save the entire system from unwanted Cyberattacks and hackers. In such a situation, seeking network security services from reputed information technology consultants becomes essential. The professionals not only help to strengthen the business security but also secure the business long-term.

3. Cloud Services

In this highly competitive and modern world, all the services are shifting online and businesses store information on the cloud. The process isn’t only cost-effective and ensures improved business efficiency and performance. Here, availing assistance from a well-known IT consulting firm proves advantageous for all-scale businesses.

Businesses that want to save their data on the cloud can go for tech consulting services from professionals.

4. Help Desk IT Services 

Finally, coming to the last type of IT consulting services, i.e., help desk IT services, where businesses can hire dedicated developers or mobile app developers for help desk assistance. These tech consulting services are the best for businesses of all sizes so that business owners can avail the expert assistance, irrespective of the budget.

These are the four different types of IT consulting services businesses can avail of as per their needs and requirements. Now that you know the perks well, look for a trustworthy information technology IT consultant who can provide you with better assistance within a low budget.

Summing Up!!!

In a nutshell, IT or tech consulting services can be a great helping hand for businesses to improve their work efficiency, productivity, profit, and more. So, the first step is to look for the right IT consultation services provider with years of expertise in offering the best assistance.

After that, drop your project requirements to the IT consulting firms that can properly understand your project needs and help you accomplish them.

Dev Technosys, a leading information technology consulting company, can help you with all types of assistance. Discuss your requirements with us, and we will help you accomplish your business goals.

Frequently Asked Questions