How to Create an Investment Tracking App

The increased demand for stock market and investment tracking apps has sparked a surge of interest among aspiring entrepreneurs looking to get into the game. Investing can be tricky and time-consuming, but it can become an easy and enjoyable experience with the right technology. Creating an investment tracking app is an excellent way to simplify your investments to make more informed decisions with your money. It's like having your own financial data analyst in your pocket.

Investment tracking apps are trendy as more and more people want to keep up with their investments. They act as financial advisors, providing advice and insights on the performance of your investments. This is especially useful for beginners who want to start investing but don’t have much experience in the area. This blog post will provide an overview of the steps involved in creating an investment tracking app. Let's read on to learn more.

Decide The Unique Features To Offer

The first step in creating an investment tracking app is deciding what unique features you want. Think about the needs of your users and how your app can meet those needs. Research other existing apps to identify gaps in the market that you could fill with your app. Some features include portfolio tracker watchlists, alerts, and analytics.

A feature like personal capital, which allows users to add their own goals and track performance against them, can also be a great addition. If your app is well-designed and provides value to users, it will help you stand out.

Choose An Appropriate Platform

Once you have decided on the features your app should offer, it’s time to choose an appropriate platform. This is a critical step as it can influence your app's success. If you’re looking for an easy-to-use platform, iOS is generally the most popular choice. Android is also a good option to reach a wider audience.

If your app needs more powerful features and scalability, web platforms like React or Angular can be better suited. iOS needs more effort and resources to develop. Make sure you consider your user base and budget before making a decision.

Plan To Secure Your App

Security is an important part of any app and should not be overlooked. To ensure your users’ data is secure, you must implement encryption, user authentication, and two-factor authentication measures. Ensure all the data stored in the app’s database is encrypted to prevent hackers from accessing it.

Additionally, use secure user authentication protocols to protect users’ credentials. You may also want to implement two-factor authentication for extra security. The investment tracking app should also be tested regularly to ensure the security protocols are working properly.

Develop User-Friendly UI/UX Design

Along with the functionality and security of your app, you also need to ensure that it has a user-friendly UI/UX design. A well-designed interface will make the app more attractive and encourage users to use it frequently.

Take the time to create an intuitive user experience with simple navigation and attractive visuals for the best results. The UI mostly attracts the audience, so ensure you provide a great experience for them. If your app doesn't look good but has enhanced features, you may lose the audience's attraction.

Integrate The APIs To Get Live Stock Data

You need to integrate APIs in the app to access live stock data. It is one of the most important parts of developing an investment tracking app because it provides real-time updates from the market.

Make sure you can easily obtain updated quotes and analytics through APIs for easy analysis and decision-making. APIs are used to get the stocks' data and display them in an organized manner. You can incorporate various features such as chart visualizations and analytics, and with APIs, you can provide accurate and up-to-date data.

Plan Your MVP For Release

After you have chosen a platform, it’s time to plan your Minimum Viable Product (MVP) for release. The MVP is the app's version with enough features to satisfy and retain early adopters. It should provide basic functionality while also having room for improvement later on. Your MVP should be simple and easy to use with a consistent user experience.

Carefully plan the design and development process to ensure that everything runs smoothly and as quickly as possible. The Figma prototype cost calculator is a great tool to help estimate costs and give you an idea of how long the development process will take. The MVP should be released soon to test and refine it.

Regulate And Test The App Before Release

Before launching your investment tracking app, make sure that you thoroughly test and review it. It is important to ensure that the app meets all the industry standards and regulations related to financial services.

Test the app for any bugs or glitches and resolve them before releasing it on the market. Conduct beta testing with a group of users to understand their experience and make the necessary improvements to the app. Regular maintenance and updating of the app should also be done to ensure that users get the best experience.

Create a Plan to Promote Your App

When your investment tracking app is ready and fully functional, it is time to create a marketing plan to promote the app. You need to figure out which platforms are most suitable for your audience and ensure they know about your app.

Create attractive graphics and digital media campaigns to engage users on social media platforms such as Facebook, Twitter, Instagram, etc. Post relevant content regularly on these platforms and generate interest among your target audience.

You can also consider using search engine optimization (SEO) to increase visibility on various search engines. This will help you reach more potential customers who are interested in investing.