10 Most useful Apps for Forex trading
10 Most useful Apps for Forex trading
Due to the expansion of online business, people have all the opportunities to try their luck in just everything. Same goes for trading as well – if you have always wanted to be a trader but never tried it because it requires a plethora of time and finances, now is the right time to explore this world of great rewards and give your earnings a major boost. Today, there are a lot of easy stock trading apps that you can download and remove all the hurdles between you and your dream of becoming a trader. Here we will present to you top 10 trading apps you should download.
MetaTrader 4 (MT4)
MetaTrader4, developed by MetaQuotes Software Corp. is a highly useful app that enables the users to access Forex trading on their smartphones. This mobile application is available for a number of operating systems including Windows, Android, and iOS. The application is being used by millions of traders with a wide range of needs to trade in the market. MetaTrader 4 is basically a platform for trading Forex; however, it is also used for analyzing the financial markets and learning valuable insights of the market.
- Ease of use – Very simple and user-friendly design for traders of all experience levels.
- Availability – MT4 is available for all major platforms including Android, iOS, and Windows.
- Accessibility – MT4 can be used to trade a number of instruments including stock, cryptocurrency, and others.
- Speed – MT4 Mobile App is very light and does not slows down the phones. The app has all the features of MT4 platform and makes trading and decision making easier for you. It is arguably the fastest trading app you can download.
- Free – The app is free to download and use. However, in order to trade, you have to use real money.
MetaTrader 5 (MT5)
MetaTrader 5 is the latest version of the trading platform. This multi-asset platform also has its mobile application that is second in our list of top 10 trading apps you must download for a better trading experience. Initially, the app was too slow to be used but after the latest update, things changed drastically for the platform. The app starts up quickly and it is very easy to switch between the tabs. Some of the best features of this app include the following:
- Easy to Use – The app has a very simple yet attractive design that makes it easier for the users to find the features easily. The tabs in the app have all the information and features that the traders have to use.
- Availability – The MT5 Mobile Application is available for Android, iOS, and Windows.
- Charting – In this mobile application, there are charts available. The charting loads quickly giving a quick overview of the current market position to the traders. The charts can be moved and more than one indicator can be added to the charts. It is the first app that allows addition of multiple indicators.
- Speed – The app loads quickly and does not consume a lot of memory on the smartphone as well.
Trade Interceptor is a good option for forex analysis. Through the mobile app, traders can quickly find and track the best currencies and stocks to invest in. The platform offers 14 advanced chart types complemented with 160 intelligence indicators and drawing tools. The mobile app of Trade Interceptor is loaded with exciting features like split view and touch-enabled management functionality that allows you to keep an eye on multiple markets at the same time. Let’s discuss some of the features that makes this app different from the rest:
- Cloud Model – The best thing about Trade Interceptor is that it is powered by the cloud that gives you the leverage to access trade data, analysis tools, and the price alerts right on your smartphone at any time and anywhere.
- Trading Tools – The app is loaded with built-in trading tools including data release alerts, economic calendar, trading simulator, and a risk scanner. All of these tools are essential for better trading and enhanced decision-making.
- Speed – The app loads a bit slowly but after opening successfully, it becomes very fast to use. All the features can be accessed quickly without lagging.
- Ease of Use – The app has a very simple design that makes it easy even for the newbies to use the app. All the features are quite visible within the app.
- Availability –The app is available for all the popular operating systems including iOS, Android, and Windows. Regardless of the operating system, the features can be used without any disruption.
- Free to Download – The mobile application is free to download and can be used to create demo and live accounts. However, in order to carry on trades, the users need to have credit in their accounts.
OANDA FxTrade mobile application provides more information about the trades on the chart with numerous indicators. After the latest update to the mobile app, more enhancements to the chart trading functionalities are now available. The app also allows the users to reverse a position in case they think they have made a mistake. Some of the best features of this app that makes it a top choice include:
- Multiple Trade Facilities – The app can be used to access over 120 instruments including currency pairs, precious metals, CFDs for multiple international markets, bonds, indices, and commodities.
- Ease of Use – The app is very simple to use. The major features are available within just a few taps and slides.
- Feedback – There is also a feedback button on the More Tab where the traders can share their views and help in improving the app.
- Availability – The mobile app is available for Android and iOS. However, more platforms will follow soon.
Bloomberg is arguably the best casual stock app especially for the Apple devices. However, it also has an Android version that gives the users easy access to the platform. Using the app, the traders can easily monitor their stocks and check out the financial news. There is also an option to limit the number of charts on the mobile application to know what’s important for you. Some noticeable features of this app include:
- Navigation – On the homepage of the mobile application, there is a news section where all the latest updates about the happenings are available. Moreover, other features of the app can be accessed from the homepage as well.
- Availability – The mobile application is available for all the major operating systems including iOS and Android.
- Cost Model – The app can be downloaded from Google PlayStore and AppStore for free and can be used to create accounts and read the news. However, for trade purposes, topping up the account is mandatory.
- Customizations – The app provides a lot of customization options to the users to make them feel at home.
When it comes to having a close look on the trading charts, NetDania is the best app you can use. It is a project of NetStation that is the flagship desktop platform. However, NetDania provides charts, quotes, and trading capabilities right on your smartphone.
- Free to Use – The NetDania mobile application is free to use and offers trading charts and other information instantly.
- Advertisements – One of the drawbacks of this app is the annoying ads. In order to remove the ads, the users have to pay $9.49 for three months.
- Easy to Use – The app is very easy to use. The users can also set the commodities they want to keep a check on the homepage to know the current market standings.
- Availability – The mobile app can be downloaded for both Android and iOS devices.
DailyFx has been rated as one of the top trading apps by a lot of trading platforms. The app provides a lot of trading commodities as well as latest market news. There is also real-time technical analysis available along with commentary from a range of top analysts. It would not be wrong to say that DailyFx brings latest news to your fingertips.
- Free to Download – The app is available to download for free on both Android & iOS devices.
- Simple User Interface – The design of the app is very simple allowing even the new traders to find information they are looking for.
- Multiple Trading Options – There are different trading options available on the mobile application giving more control.
Investing.com is a leading cryptocurrency data and tools app. This app provides valuable market data for all cryptocurrencies along with global breaking news related to the Forex industry. The app also offers a cryptocurrency converter that is of great help for the users. Some of the best features of this app include:
- Availability – The app is available for all the major platforms including Android and iOS.
- Free Model – The app can be downloaded for free on your smartphones.
- Real-Time Updates – All the updates and news are available in real-time allowing the traders to stay updated.
- Best Suited For – Ideally, this app is for expert traders but new ones can also use it.
Trading View is a leading trading app that can be used to keep an eye on the trading charts on the go. The app allows the users, mostly experienced, to know about the prices and the market position of their commodity they are trading in. Through the app, traders can also interact with each other to share their experience and the forecast.
- Availability – Currently, the app is available for iOS on the AppStore. However, in the coming time, it will be made available for other platforms as well.
- Navigation – New traders may find it difficult to use the app because of the complex graphs and charts. This is why it is mostly recommended for expert traders.
- Use – The app is mostly used for the technical analysis of the market situation but some traders also use it to know the prevailing prices.
MarketWatch is one of the most visited trading apps with over 19 million unique monthly visitors. The platform provides valuable information on the market situation and provides analysis based on geographies. There is an Economy tab in the app where economic information is available for guidance of the traders. Some other features of this app include:
- Easy to Use – The mobile app of MarketWatch is very simple to use with all the features divided in visible tabs. Even the new traders can easily use it to find the information they are looking for.
- Availability – The mobile app can be downloaded on Android & iOS devices.
- Free to Download – The mobile app is free to download for all.
Try these 10 top trading apps and enhance your trading experience like never before.