Top 5 Apps For Forex Trading
3 min readForex trading apps are invaluable tools for those investing in foreign currencies. They provide market insights and real-time data to guide your trade decisions and give you peace of mind.
Forex trading apps are available for a variety of devices and operating systems, from Android to iOS. The best ones offer comprehensive market analysis and information in an intuitive, user-friendly interface.
MetaTrader 4
MetaTrader 4 is one of the most popular apps for forex trading and it boasts plenty of features that make it user-friendly. Therefore, MetaTrader 4 makes a great choice both for novice and experienced investors alike.
One of the main advantages of this software is that it provides an array of technical analysis tools and automated trading. Downloading is simple; it works on various devices such as computers, mobiles and tablets alike.
This platform is highly regulated by various international agencies and supports only the top brokers on the market. Its security standards are very high, as it encrypts data exchanged between traders and server.
Multi-functional trading platform with excellent support, MQL4 programming language allows users to develop programs for automating trading activities. This enables the creation of custom indicators and Expert Advisors (EAs).
FXTM
If you’re searching for a forex app that’s user-friendly and straightforward, FXTM is an ideal option. It provides various trading accounts and is regulated in multiple jurisdictions, making it secure to execute trades with confidence.
The FXTM app enables traders to trade currencies and other markets from a mobile device or desktop. It offers several useful tools and services, such as automated EAs and live market analysis.
The FXTM app also offers an array of educational videos and blogs to help new traders understand the fundamentals of trading, as well as tips on risk management. Users can sign up for an account and begin learning right away!
Stock Trainer by A-Life Software
If you’re searching for an app to practice forex trading without risking real money, Stock Trainer by A-Life Software is an ideal option. It provides users with a demo account and tutorials, making getting started easy.
The app also provides real-time charts that offer users market analysis. This makes it simpler for new investors to make informed decisions and refine their strategies.
It provides access to 20 stock markets, provides stop-loss and limit orders, investment news and a business magazine to assist users with their strategies. Furthermore, it has multiple graphical interface themes so users can customize their experience.
It’s an ideal platform for those new to investing and wanting to learn how to trade stocks and other financial instruments. It also features an extensive portfolio management system and watchlist feature so you can keep track of your trades. There is both a free beginner plan and paid option available for advanced traders.
AvaTrade
AvaTrade is a forex and CFD trading app that provides multiple account types to suit traders’ needs. Its WebTrader platform boasts an intuitive user interface that makes selecting instruments easy.
Option trading software includes a wealth of useful features to aid traders, such as an asset manager and interactive risk management tools. Furthermore, users have access to portfolio simulations and flexible orders.
For novices, the broker provides a complimentary demo account and comprehensive tutorials divided into beginner, intermediate, and advanced topics.
Another excellent feature of AvaTrade is its social trading capability. This enables you to copy trading signals and strategies from other traders in a specialized news feed.
AvaTrade boasts an excellent customer support team with multilingual agents who offer live chat and email assistance. They are accessible 24X5 to answer queries quickly.