Stocks & Commodities V. 29:3 (58-62): Product Review: NASDAQ OMX Portfolio Manager for the iPad by Wallace Wang

Product Review: NASDAQ OMX Portfolio Manager for the iPad by Wallace Wang

Real-time data is crucial for accurate and timely trading, but in the past, to get real-time data you had to pay a monthly fee. Now, however, if you have either a wi-fi or 3G Internet connection and an iPad, you can retrieve real-time data using the Nasdaq Omx Portfolio Manager app. The initial Portfolio Manager app screen displays a list of stocks on the left side of the screen, which you can divide into three categories: a watchlist of stocks you want to track, a portfolio list of stocks you’re currently trading, and a search list that lets you type in a stock symbol and view that particular stock’s real-time performance (Figure 1).

You can change the time frame of each stock chart from as long as five years to as short as intraday (with automated real-time updates). Slide your finger on the chart and a vertical line appears along with a big white dot, which identifies the stock’s exact price and volume at that particular moment in time (Figure 2).

Besides customizing a stock chart by selecting a different time frame, you can also overlay a chart with simple moving averages (Smas) to help you better understand the fluctuations of a stock price (Figure 3).

While the Portfolio Manager displays stock prices in US dollars, you can easily choose a variety of other currencies such as euros instead (Figure 4).