Vira Finance Review – A compass for your exploration of day trading
App Type: Uncategorized
By: Viracocha enterprises
Version #: 1.2.1
Date Released: 2014-08-20
Developer: Viracocha enterprises
Price: 4.99User Rating:
Not everything on the App Store are games and Flappy Bird clones. For a lot of people, their iPhones and iPads are a fundamental tool for their jobs and side ventures. Vira Finance is one such tool, probably one of the niftiest in the toolrack of an investment afficionado.
To give you a glimpse of the power of Vira Finance, instead of just writing a lot of nonsense, please watch this descriptive video by the developers. If an image is worth a thousand words, a video is worth a million. Why repeat myself? This is an introduction video, at the end of this review I’m adding the in-depth features video just in case you are hungry for more.
Now, how does Vira Finance really feel? Well, it is a slick little app (by little I also mean it’s iPhone only, and still not updated for the larger iPhones, but I guess this is coming, in any case it works perfectly even on iPads) fast and responsive. The quality of the data seems to be good (data is fresh and accessible), and its own Vira index (a proprietary measure of stock volatility, you’ll only find it here, and in their website they blog about how to use it and the technical details about it so you can harness all its power) is great for making better decisions. You’ll have all the data you need on your fingertips, enabling you to make a qualified decision about buying or selling (as long as you know what you are doing!)
Of course, before diving into the darkness of investing, you need to learn a lot, and only then get a good flashlight to illuminate your path. Vira Finance is such a flashlight: a great app you can even try for free. I can definitely recommend it to fellow part-time investors.
Value:Huge (you can make a lot of money with its help)
Would I Buy Again:Yeah
Learning Curve:The app is straightforward if you know what you are doing
Who Is It For:Day traders, stock market fans
What I Like:It's really snappy and has great data
What I Don't Like:A version for bigger screens would be nice
Final Statement:A great app for day traders!
Vira is a mobile app intended to aid the analysis of financial stocks. Vira calculates the variability of a particular stock and then compares its daily change with that variability. It then determines whether the movement in the stock price falls inside or outside of the expected variation.
- Manage your personalized list of stocks
- View your portfolio’s daily average, stop loss and daily change at a glance
- Access key stock details
- Chart key stock indicators using a 3, 6 and 12 month displays
- Add stocks from a range of leading markets
- Intuitive user experience simplifies portfolio analysis and management
A New Analytical Methodology
Vira is our exclusive method to help you analyze your stock portfolio. Although complimented by the exponential smoothing average, the Vira indicator differs from other published technical analysis methodologies. Our approach focused upon price and volume variability to highlight momentum within the financial marketplace.
Specifically, we use two Vira indicator lines to analyze the market. The red and yellow lines reflect a stock's price and volume variability, respectively. Based upon the interaction of these two lines, a user is able to gauge momentum within the market. For example, a user is able to interpreting variability extremes based upon the following guidelines.
Sell Scenario - High price variability & low volume variability
- These conditions indicate that the price of the stock traded has been rising above the expected price variation while the volume has remained the same. This reflects momentum in the market in which the price has been high for an unexpected length of time. This is a sell scenario. The decision has to be made of course along with other market indicators.
Buy Scenario - High volume variability & low price variability
- These conditions indicate that the volume of stock traded has remained high with a low price of stock. This reflects a momentum in the market in which there has been an unusual amount of shared traded at a low price. This is a buy scenario. The decision has to be made of course along with other market indicators.
Additional market trends can be identified using the VIRA indicators. However, these extreme point examples demonstrate the easy to use potential for our new stock analysis technique.
Additional analysis tools include stop loss calculation and exponential moving average.
A stop-loss order is designed to limit an investor's loss on a stock position. Our Stop Loss calculation uses the close price of the stock shown to guide you in this process. Setting a stop-loss for below the price paid for a stock will help limit loss of capital. This strategy allows investors to determine their loss limit in advance, preventing emotional decision- making.
Exponential moving average
According to Technical Analysis theory of stock, a buy signal is given when the more volatile first line crosses the signal indicator from beneath. A sell signal is given when the first line crosses the signal from above. The bigger the angle of the crossing, the more significant the signal is supposed to be.
Article By Brendon E. Martins
Brendon Elbert Martins is a web designer and portrait artist who likes to write reviews in his free time. If you ever visit Prairie du Rocher say him hello at the café!
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