Forex traders are dealing with an active, and often volatile market, that can be impacted by economic news announcements throughout the day. For this reason, experienced forex traders like to keep their pulse on the news and have constant access to market news, charts and their trading accounts. This requirement for constant access fits in well with the world’s move towards mobile. Forex trading mobile applications have become particularly popular with nearly all forex traders making use of these apps as they give them access to information, tools and trading options right from their mobile device. As technology continues to improve, new mobile apps are being developed with better features and functions and improved usability, making it easier than ever to trade from the palm of your hand. Here we will briefly look at some of the best trading apps on the market today.
NetDania Forex and Stocks
This is one of the highest-rated apps that forex traders use. It is easy to use and accessible, available via iPhone and Android smartphones. It provides impressive functionality, offering access to real-time price quotes on stocks and commodities. The app offers live streaming charts and news updates, and allows users to set prices or alerts on specific currency pairs.
FXCM Trading Station Mobile
This free trading app for mobile users provides access to more than 56 currency pairs. With easy access to the forex markets, the app makes it possible for traders to place and manage their trades via a range of powerful trading tools.
Trade Interceptor
Both iPhone and Android users have found this app to be useful, with its many options available. The app offers analysis and technical trading tools, with almost 100 technical chart indicators available. Users have access to live streaming price quotes and price charts. In addition, users can set alerts for new updates or price levels and they can use historical price data to do simulated trading and backtest trading strategies.
XE Currency
This app provides currency conversion rates for every currency around the world. Live currency rates and charts are available, as well as market history charts for rate analysis. Traders can focus their analysis by nominating ten currencies to follow. A Pro version of this app has proved popular for traders who want to expand their focus and follow up to twenty currencies at a time. This is a free app that any traders can access.
Thinkorswim Mobile
This mobile app from TD Ameritrade is an app available to clients of the broker and it has proved popular with their users as it offers a full-service trading platform application. It provides access to live streaming charts that can be loaded with personally created chart study tools or with common technical indicators. The latest business and financial markets news is available and traders can use the app to monitor their positions, orders and accounts, to make changes to their trading orders or alerts or to make deposits into their accounts. It has a simple-to-use interface.