Currently, many people are trying various ways to increase their wealth. One of the most popular is trading. Indeed, many profit opportunities will be obtained if someone starts trading in forex.
Previously, what are the apps for forex trading? A forex trading application is a mobile-based application that can be used to trade and obtain the information you need to make buying and selling decisions in forex. This application will help you to read price movements and profit opportunities faster and in real time.
This trading application is one of the best iphone apps for forex trading and the best apps for forex trading android on the market. However, this application is divided into two, namely forex broker trading applications and non-broker applications. The forex broker application itself is an application provided by a broker or brokerage company to help its customers maximize trading performance. Meanwhile, non-broker trading applications are applications intended for individuals or groups or are not provided by brokerage companies.
Well, for you who are still beginners and want to try their luck in the world of forex trading, you can try this. Here are some of the best apps for trading stocks that are suitable for beginners.
Apps for Forex Trading
1. Metatrader
This application is known as Metatrader 4 or MT4 and is the most widely used forex trading application in the world. This application is predicted to be the best apps for forex trading. MT4 was created by the company Metaquotes Software Corp. in 2005. This application is available for PCs or laptops and also in mobile form, namely for Android and IOS. This application can also be installed on various operating systems.
If you use this application, you can see price movements, perform analysis, and place orders. In this application, there is the development of trading algorithms so that automatic trading can be carried out by brokers, traders, or third parties.
To do this automatic trading, you can use the programming language, namely MQL4. MT4 is also capable of providing trading signals directly to the platform. There is also the installation of expert advisors or forex trading robots that can be run automatically in the application.
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2. There is Also Metatrader 5 that You Can Try
You can also try MT5 as apps for forex trading which became the latest trading platform from Metaquotes Software Corp in 2010. What makes this application different from MT4? This application is equipped with additional features such as 21 timeframes, a separate economic calendar, and an integrated marketplace.
MT5 users are users who have not previously used MT4 because MT4 users tend to prefer MT4 and do not update their use of MT5. This is because if they switch to MT4, then they will have to rewrite the program with MQL5. Meanwhile the default setting of MT5 is regulated based on United States regulations where there is a prohibition on hedging with the application of FIFO (First in First Out) and this is detrimental for MT4 users.
3. ThinkTrader
This application was previously called Trade Interceptor. For the beginners, this can be apps for forex trading that are easy for you to use. This application has advanced forex trading and analysis tools with complete charts and is easy for beginners to use.
In 2017, the app was taken over by ThinkMarkets and renamed as ThinkTrader. This takeover means that this application has additional features such as trading forex, stocks, cryptocurrencies, and commodities. You can also close and open positions with just one click. You will also be able to access technical analysis tools and live charts for most forex pairs, start metals, cryptocurrencies, and stocks with this app.
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4. FXTM Could Be the Next Forex Trading App
This application has become the top apps for forex trading because it has been used in more than 180 countries in the world. This application was developed by the broker namely FXTM. This application is suitable for use by all people, both beginners and experienced.
The information displayed in this application is also easy to read and presents views such as balance, margin, profit, and others. There is also a one-click execution feature to increase efficiency for traders who need transaction speed. Not only that, you can also use features that can provide market analysis from experts so that you can make the right trading decisions.
5. Finally, There is Hanson Forex Investing which You Can Try
This application was developed by the Hanson Company which is a forex trading company in the field of trading futures, energy and stock indices, as well as foreign currencies. The application launched by this company was developed in 2018 and received many good ratings because it has complete features. This application combines trading features and news information at once.
Those are some recommended apps for forex trading for beginners. Whatever trading application you use, make sure it fits your needs and is the easiest for you to use. In forex trading, of course there will be a lot of risk. Therefore, you also need to learn from experienced people to minimize big risks in the future.