Active currency traders still want to have access to market data, quotes, maps, and their trading accounts at their fingertips. This has made the mobile software app very popular with forex traders.
- Forex trading has never been simpler for individuals, and with many platforms now offering real-time trading through fully-functional mobile apps, you can trade on the go.
- Owing to its success, most forex brokers now offer app-based trading-even if you don’t already have an account set up with their main platform.
- Here we’re looking at only four stand-outs for mobile forex trading.
Mobile Forex Trading App
Major currency pairs traded on the forex market are active, frequently volatile, event-driven, and thus very vulnerable to economic news reports that occur on a daily 24-hour trading day.
Around $5 trillion
The volume that is traded on the forex market every day.
Almost all forex brokers offer mobile apps, and some of the individual broker apps are so popular that traders who do not have broker accounts still use their apps. Other famous forex trading apps provide free and easy access to news, price quotes, and charts.
NetDania Portfolio & Forex Trader
NetDania Stock and Forex Trader is one of the top rated and most popular apps used by forex traders because of its ease of use and flexibility. The app offers up-to – date interbank forex rates and access to real-time quotes on stocks and commodities, such as gold and silver — more than 20,000 in all financial instruments.
In addition, the app provides live, streaming charts and the latest market news from FxWirePro and Market News Worldwide. It also allows traders to set market or trend-line alerts on particular currency pairs, stocks, or commodities, and to customize the menu to suit their personal wishes for news and price quotes. The software is available for both iPhone and Android devices.
Interceptor of exchange
Trade Interceptor is another popular trading app for iPhone and Android users. The app provides traders with a range of options. Including the opportunity to trade currency pairs, binary options, and commodity futures through a choice of forex brokers. The interface offers analytics and technical trading tools, including almost 100 technical chart indicators.
Trade Interceptor also offers access to live, streaming price quotes, and price graphs, including the latest Bitcoin rates. Traders can set price or news alerts, and the app offers links to the daily economic news calendar and real-time market news. There is also a feature that allows traders to carry out simulated trading and back-test trading strategies using historical price data.
Bloomberg Mobile Market App
Bloomberg offers a number of mobile apps for iPhone and Android. Although, access to some of these apps requires users to have up-to-date subscriptions to Bloomberg services. Even its simple business smartphone app is more than adequate for most traders whose primary interest is to have real-time access to the latest market news.
The app provides access to global financial markets and business news, market price info, and portfolio tracking tools. The menu is customizable, and the Watchlist app lets traders monitor and evaluate their current market positions in various instruments. Such as currencies, commodities, stocks, mutual funds, and ETFs with charts and information summaries. Users can also watch Bloomberg TV live via a streaming video feed.
One of the most common trading apps offered by a broker is TD Ameritrade’s Thinkorswim Smartphone. It is a full-service trading platform application. Thinkorswim allows TD Ameritrade customers to trade currencies, options, futures, and stocks with an easy-to-use, on-screen GUI. Users can access live streaming charts that can be filled with popular technical indicators. Even chart study tools that the user has developed for themselves.
For up-to-date business and financial market coverage, users can access free, streaming CNBC broadcasts. Active traders can use the Thinkorswim Mobile app to monitor their positions, orders, and account deposits. They can also modify trading orders or alerts on their smartphones. The MyTrade group feature allows users to connect and communicate with fellow traders. In addition, investors can test their trading strategies with a paperMoney trading simulator feature on Thinkorswim Mobile.