Forex trading offers you an interesting investment opportunity because you can trade between countries and this can be the reason why people are looking for the best apps for forex trading. Many investors and companies can indeed make a lot of money by trading currencies. Nevertheless, you have to take a significant number of skills and experience to be successful with Forex trading. Of course, you do not have to trade without any support. Nowadays, you can find various great apps that can help you do and understand Forex trading better.
Best Apps for Forex Trading
1, FXTM
Finding a trustworthy provider is a must when selecting the platform for financial management, including for trading Forex. You can make sure that FXTM by ForexTime is trustworthy because this platform is used in more than 180 countries. More importantly, it is also fully regulated. That is why you can rely on this platform for trading foreign exchange. This platform will work as an automated currency broker for you.
Professionals will get great help from this platform. Nevertheless, it does not mean that you have to be a professional trader to use this platform. Beginners will also find FXTM beneficial for helping them trade Forex. With this platform, you can feel free to choose fixed or variable spread operations. Once the trade is completed, the withdrawal process will not take a long time.
Read also: 5 Best Trading Apps in UK to Earn Money (New 2022)
2. Stock Trainer
Some people want to start trading but they do not feel confident yet. Various kinds of trading are offered and they might consider investing in the stock market and financial instruments. Looking for the best trading apps for cryptocurrency can be a great choice for beginners starting their trading. Nevertheless, they should not just choose any trading app. Finding an app that can help them learn more about trading will be crucial. Stock Trainer by A-Life Software can be the best app for new traders to build their confidence.
People can find a virtual stock trading experience with this app. It is not just any virtual stock trading because the experience will be using real market data. In this circumstance, they will not only gain experience, but also knowledge and insights into the real trading experience. This app also comes with comprehensive features since it covers 20 stock markets and supports limit orders and stop-loss.
3. ThinkTrader
The best apps for forex trading are not only available for beginners. You can also find more advanced tools for Forex trading and analysis, such as ThinkTrader. It was known as Trade Interceptor in the past. You can use this platform to find and track the best stocks and currencies to invest in. You can find 14 advanced chart types along with 160 intelligence indicators and drawing tools on this platform.
This app comes with various features, including a touch-enabled trade management functionality since this platform was only available for desktops before. Other supports are available to improve mobile users, such as split screen and quad-screen modes for monitoring several markets at the same time.
Read also: 7 Best Stock Trading Apps That You Should Install In 2022
4. MetaTrader
If you are in the world of Forex trading for a while, you must be familiar with MetaTrader. This forex trading platform can be considered one of the most popular platforms for forex trading on Android devices, after all. You can trade various kinds of financial instruments from stocks to forex right from your mobile device with this app.
You can find a range of real-time charts on the app that can be used for a general analysis of the financial market. Of course, you can also find historical information that is useful for monitoring prices and quotes. Switching between different financial instruments can be done easily with this app. You can also switch between SL and TP values on the chart. One thing is for sure, this app comes with interactive charts that can be pinched and zoomed in for better trading information visualization. Other great features are offered by this app, including several options of analytical instruments and algorithm trading.
5. TD Ameritrade
Last but not least, you can also find TD Ameritrade. This trading platform for stocks, shares, and forex is considered one of the biggest trading platforms in the US. This platform is also considered more established than other platforms available out there. You can find various options of investment vehicles that can be used for trading.
However, there is a specific reason why many people choose to use this platform for trading. This platform also focuses on educating traders so their chance of losing money can be reduced. This effort is done through the thinkorswim platform that offers introductory materials by the National Futures Associations that regulates futures brokers. Traders will not find it confusing because the presentation is clear and easy to read. More importantly, it highlights the risks they have to consider when trading.
Which one of the best apps for forex trading can be the perfect support for your trading experience?