I Have Found a Real Gem -- Fonestock

Tuesday, September 1, 2009

As I promised I am back with more stock software information. This time up for review is Fonestock, a software package also available free-for-download from Apple's app store as well as from other venues. As the saying goes, if you don't have anything good to say, don't say anything at all...well in the case of Fonestock there is a lot then that I have to say! I may end up splitting my comments for this software into two different posts in order to not overwhelm you.



I want you to be able to digest all the information and freely ask questions about specific features of the software.After using this software package and a few others for the past three or four weeks, I have been drawn back to this one again and again. This is why I have decided to stick with using Fonestock to help me track my future stock market interests. Not only does this stock software offer free real time stock quotes without the necessary to pay any fees, but it is very easy to use and provides a lot of information that the other software packages I reviewed did not make available. These real time quotes are available for one month for free.After that, if you like their software you will need to pay the registration fees to continue receiving the service.You will only need to register the software in order to be able to access real time quotes, before that you will only be able to receive delayed quotes.Still, this software seems much safer than other software packages because the registration process only requires you to submit a driver’s license number but not a social security number for software registration.The only drawback that I can find with this software is its weak news provider.




It took me a minute or two to realize that I could link to the news from the intraday chart by clicking on “related news” from the functions button located at the top upper right hand corner of the interday chart screen.Unlike other software packages, unfortunately I don’t seem to be able to link directly from my watchlist. You can, however, like other software packages search the news directly from the main screen you are presented with when you open the software.The news



in Chinese, on the other hand, actually seems to be real news articles detailing events that could impact the stock market.Actually though, I don't really find this as much of a drawback. I can still search for info on any certain stock from within their news provider window.Let me go into a bit more detail about some of the features of the software and why I like it so much.

First of all, I feel the background black color contrasts well with the text and charts, making it easy to read in any environment. The charts are probably what finally drew me to make the decision to stick with this software as my final choice for stock apps available on the iPhone. The first feature that you will first encounter is the Watchlist, here you can create your own personal list that you can follow in real time. There is also a feature that allows you to see all the stocks you are tracking together in a single listing as well.Unlike some of the other software packages, you do not need to know the stock symbol in order to add a company. Knowing the company's name will allow for easy searching of the company and then adding it to your personalized watchlist.




I added a few stocks from some companies from both a Taiwan and a USA exchange and created a list. You can call your list anything like, here I have labeled the list as "My Holdings." When I tap on my "My Holdings" list I'll be taken to a screen that will give me some detailed information about each stock including the symbol, last price, change, change%, etc. and then I can click on any of these headings to rearrange my list either ascending or descending according to the just-clicked heading. You can also while editing your list has the ability to edit the headers as well. More to come tomorrow...

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