Inspiration
Many people have struggled with becoming more involved with investing in stocks. There are many factors that are accounted for and many beginners do not know which ones to focus on or have the knowledge to know what sources are credible. Many people fall for scams or invest too much into stocks they should not have. There exist courses to teach you but those are either expensive or are not credible. We as a group decided to create Monday Finance.
What it does
This is a service that summarizes all the factors that are needed to be considered in order to make a proper decision. It has a user-friendly interface where it displays all the data behind each stock. For example, the current price of the stock, the last price before closing, the time of closing, etc. In addition, it also displays news articles about their respective companies. This service also has an article credibility rating system where it tells the user the credibility of each article.
How We built it
We used the Yahoo API to take data and analyzed the data. We then filtered the data and took all the relevant information then organized and integrated the data into a user-friendly interface. It includes tables and graphs.
Challenges we ran into
Our team had a bigger plan ahead for us but due to the lack of knowledge in areas of coding we were unable to fully project our final ideas. The idea of having alerts that would notify the user of important events and drastic changes within each stock was not implemented due to the time restraint. We were also planning on adding graphs to show the data in a more user-friendly manner but was unable to do so with our current knowledge.
Accomplishments that we proud of
We are honestly proud of almost everything we built. We had no prior web development experience, so just seeing webpages being created with HTML, was very interesting to us. Our greatest accomplishment was setting up the API calls. Getting information from yahoo finance, and then being able to display that information on our own website, was amazing.
What we learned
For 3/4 of the members in this project, it was our first time doing any web development. So we scratched the surface on things like HTML, CSS, javascript, Django, and angular. As for the topics of stocks, we had to pick what information was useful for a beginner. So we had to learn and classify different topics related to stocks, to ensure that only easily digestible information appears on mondayfinance.tech.
What's next for Monday Finance
Our goal for mondayfinance.tech, is to keep it simple with the information it provides. So in terms of content, not much will be changed. One thing we were unable to do, was to create a graph that shows the price history of a particular stock over time. So in our immediate next steps, that is what we would fix/add.mondayfinance.tech is just the first of many websites that will fall under the Monday Finance brand. We would create offshoot websites such as tuesdayfinance.tech, and wednesdayfinance.tech, which provide more information regarding stocks and finance in general. So just to reiterate, our long term goal is to create more websites with varying levels of knowledge to help people understand the financial world better.
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