Last Updated on July 28, 2023 by Chin Yi Xuan
Moomoo, one of the fastest-growing investment platform has recently expanded to Malaysia after obtaining an Approval-In-Principle (AIP) for the Capital Markets Services license (CMS) from the Securities Commission Malaysia (SC).
From now until the actual launch, users are not able to place trades via the moomoo app yet, BUT you can enjoy the suite of powerful features within the moomoo app to make better investment decisions.
In this post, let me show you my top 5 favorite features within the moomoo app that will help you become a better investor!
Table of Contents
Highlights of Moomoo:
- Moomoo is an investment platform by NASDAQ-listed Futu Holdings.
- Moomoo was introduced in Singapore in June 2021, and has recently obtained an Approval-In-Principle (AIP) for the Capital Markets Services license (CMS) from the Securities Commission Malaysia (SC).
- Meanwhile, users can register for a moomoo account and start enjoying the powerful features within the app, such as FREE level 2 US market data, Industry Chain, Market Position Overview, and more!
My short summary:
I am pleasantly impressed by how the moomoo trading app is able to offer so many feature-packed tools while keeping the app so simple to navigate around.
It is truly one of the most feature-rich yet easy-to-use investing apps available in the market now.
My Top 5 Favourite Features of Moomoo app:
Feature #1: FREE level 2 US market data when you register for your moomoo account
While most brokers will make users pay for level 2 data, moomoo gives you level 2 US market data for FREE when you register for your moomoo account.
What exactly is Level 2 US market data?
Essentially, Level 2 US market data allows you to see transaction details (ie. Buy & sell activities) across multiple price levels:
Having level 2 US market data is equivalent to having an aerial view of the market. For instance, with Level 2 US market data, you can detect in real-time should buyers are buying aggressively (or vice versa) and make better entry decisions.
In short, with level 2 US market data, you can get a better gauge of market strength.
Feature #2: Get big-picture business views via ‘Industry Chain’
‘Industry chain’ is also one of my favorite features in the moomoo app. With Industry chain, you can have a big-picture view of a specific industry.
For instance, you can instantly learn how the whole Electric Vehicle (EV) industry work, alongside companies that fall under each segment.
In addition, you can also discover what companies are there in a specific role in the business chain in an ecosystem.
Simply put, you can gain a big picture of any industry that you are interested to learn.
Where to find: 'Markets' > 'US' > 'Industry Chain'
Feature #3: Track the performance & insights of a specific theme with ‘Concepts’
Concepts is a unique feature within the moomoo app that allows you to track the overall performance and news of companies that fall under a specific theme, such as ‘EV charger’, ‘Gene Editing’, 5G, and more:
As an example, check out how I can view the overall & individual performances of the companies that fall under the ‘EV Charger’ concept:
With Concepts, you can have a clear view of how certain themes perform, as well as research for a specific theme with ease – all within the moomoo app.
Where to find: 'Markets' > 'US' > 'Concepts'
Feature #4: See what other investors are doing with Market Position Overview
Another useful feature in the Moomoo app is Market Position Overview. Essentially, it shows the number of shares held at different prices by investors in an easy-to-see visual.
As an example, in this example of Apple (AAPL) stock below, we can see that most Apple shareholders are in a profitable position (shown in green), as their entry price is below the market price ($195).
In addition, you can also spot the price where most investors bought their shares based on how long the horizontal bar is:
Where to find: Search for a stock > 'Market Position Overview'
Feature #5: One of the most flexible stock screeners around
The stock screener within the moomoo app also impressed me. This screener can be super simple, or as sophisticated as you want.
From fundamental to technical filters, you can filter for stocks based on your preferred criteria:
It is definitely one of the most complete stock screeners within an investing app that I’ve used in my investing journey so far.
Where to find: 'Markets' > 'US' > 'Screener'
Other useful features within the moomoo app:
- #1 Gauge bearish sentiment via Short Sale Analysis
Short sale analysis is a solid feature that allows you to identify (i) the volume of a company’s shares that are being shorted in the market, and (ii) the percentage of shares that are being shorted but not yet closed (ie. People that are betting for the market to go down) in the market.
This is a very useful feature to gauge the market’s bearish sentiment on a specific stock.
Where to find: Search for a stock > 'Short Sale Analysis'
- #2 Use Trade Overview to confirm your conviction
With Trade Overview, you can identify the movement of funds in and out of a specific stock.
Furthermore, you can go further by looking at the capital flow breakdown of XL, L, M, and S orders.
This can give you an idea of whether the stock you are looking to buy has the conviction of other players (big or small) in the market.
Where to find: Search for a stock > 'Trade Overview'
- #3 Get real-time, 24/7 financial news in the moomoo app
It is also extremely convenient to get the latest financial news in the moomoo app.
Even better, the news is real-time and updated 24/7, making it easy for you to get in touch with the latest updates of the market and the companies that you are investing in.
Where to find: 'Discover' > 'News'
🎁 Register for your Moomoo account today and enjoy special perks!
At this juncture, it is not possible to place a trade via the moomoo app (yet).
However, if you register for a moomoo account today, you can access the lineup of solid features within the moomoo app is all available for you to use and make better investment decisions!
Even better, unlock FREE Level 2 US market data (worth RM210) when you register for your moomoo account! (p.s. most other brokers will ask you to pay for it)
Disclaimers
All views expressed in this article are merely my own opinion and experience. Neither Moomoo nor its affiliates shall be liable for the content of the information provided.
Using the referral link in this article will earn the blog a small commission at no extra cost to you as a reader.
