An app for forex traders offers real-time information on currency trading trends and analysis to identify which are the best currencies to buy or sell at any given moment. Some apps also feature advanced analytics tools to assist with finding them.
Thinkorswim from TD Ameritrade stands out as an all-in-one trading app with news alerts and direct CNBC mobile streaming capabilities.
MetaTrader 4
MetaTrader 4 is a trading platform that offers all of the essential functions required to implement an effective trading strategy. Users of this platform can trade forex symbols, commodities, indices and shares via CFDs; in addition, MetaTrader 4 features orders and functions tailored specifically for traders of different levels of experience.
It provides extensive technical analysis, multi-device operability, automated trading functions and advanced charting features that allow traders to analyze market trends and uncover new trading opportunities using various tools like lines and channels, Gann Fibonacci patterns as well as 30 built-in technical indicators.
The MT4 platform is user-friendly, enabling traders to open and close trades manually using either the Order window, or clicking the yellow ‘Close’ button in Market Watch window. Trade execution is fast while risk of slippage is eliminated quickly while traders can monitor market depth as well as develop scalping strategies through this powerful trading platform.
ThinkTrader
ThinkTrader is a multi-regulated Forex and CFD broker with its own mobile trading app available on Apple and Android devices. The platform features advanced features, including a high-quality share trading environment with technical analysis tools as well as customizable market alerts to track position changes. In addition, ThinkTrader provides 24/7 multi-language support via live chat and social media channels and up to $1,000,000 client funds are insured in case of insolvency backed by Lloyd’s of London – offering even further peace of mind to traders using ThinkTrader!
This platform is easy to use, featuring a familiar desktop layout consisting of Watchlist of selected instruments on the left, news feed at the top, and account information at the bottom. In addition, there are useful tools for developing trading setups – like TrendRisk Scanner – along with multiple chart types with over 160 intelligence indicators for development of trading setups.
FXCM Mobile
FXCM is one of the top forex brokers. Offering multiple trading platforms and access to cutting-edge research tools, as well as competitive trading fees and spreads, FXCM also offers CFD shares on different markets – it is owned by Leucadia Group and therefore fully regulated globally.
Trading Station Mobile’s app is beautifully-crafted and boasts robust functionality, enabling traders to select which instruments they wish to view across devices – their selections will then sync automatically across devices. Furthermore, Trading Station offers advanced order types including GTC (Good-Til-Canceled) and IOC orders; plus its charts feature various drawing and charting tools as well as 59 technical indicators for maximum flexibility.
The platform also boasts an abundance of add-ons and expert advisors that allow for algorithmic trading, making it compatible with speciality trading platforms such as AlgoTerminal, AgenaTrader, MotiveWave Sierra Chart NeuroShell Trader StrategyQuant – as well as its support team which assists users with developing custom MT4 expert advisors.
Forex Trading App
Forex trading apps range from mobile versions of desktop trading platforms, such as MetaTrader 4, to standalone applications with unique features and functionalities. New traders may use such apps as an effective way to explore the market without risking real money while experienced traders can use these applications to keep informed on developments within financial markets.
Multiple apps offer real-time price quotes and charts, along with various trading tools. A popular example is Bloomberg, which features options for currency pairs from around the world as well as news feeds from all around the globe – ideal for traders interested in keeping tabs on global developments that could potentially alter exchange rates significantly.
Alpari is another highly rated Forex trading app available for mobile devices, providing an in-house trading platform available both Android and iOS and allowing users to trade 84 different currency pairs.
