Here’s how to trade stocks with voice commands

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By now, many of us are familiar with how Alexa, Amazon’s friendly voice assistant, can answer questions, provide news and weather information, and help out around the home by switching on lights and adjusting the heating.

However, Alexa is an ambitious assistant that isn’t content with switching on the robotic vacuum cleaner for you. She can now buy and sell stocks upon verbal command.

This new ability is part of an update to the Alexa skill produced by TD Ameritrade, a trading platform. Since late 2016, the skill has enabled Alexa to read out share prices and give market updates on command. Now, though, the assistant can actually make trades for you.

TD Ameritrade claims to be the first company to allow trading through Alexa. Once you have linked your trading account to the assistant via the Alexa app, you can ask the assistant to read out updates on your account balance and positions.

Users can also ask Alexa to read out a daily Ameritrade, as well as to make a trade. The key phrase is “Alexa, ask TD Ameritrade to place a trade.” The assistant will then ask for the company, share amount and details on a market or limit order. Users are then asked to state their security PIN to complete the trade, just like when a PIN is required to ask Alexa to buy things from Amazon.

The skill enables Alexa to share information on all American stocks, mutual funds and major indices, amounting to over 75,000 securities.

Of course, such a skill isn’t really aimed at professional traders or even keen hobbyists, but it still serves as a demonstration of what Alexa and voice assistants can be used for.

Alexa users who want to keep tabs on share prices but don’t want to trade with voice commands can ask the assistant to look up the price of any share. You’ll get the current price (or the price the market closed at) and how that figure compares to the previous day.

Check out The GearBrain, our smart home compatibility checker, to see the other products that are compatible with Amazon Alexa.

This article originally appeared on GearBrain and was syndicated by MediaFeed.org.

Featured Image Credit: DepositPhotos.com.

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