Forex trading is a dynamic environment that requires quick access to information. Even the smallest news updates can have a significant impact on the markets. This is why it is very important to stay informed and up to date with the current prices.
The forex app market offers some amazing solutions for both experienced traders and complete beginners. Let’s have a look at some of the best forex trading apps out there and hopefully find a few that fit your needs and experience.
Etoro – best for social trading
Etoro – social trading app is one of the most popular forex apps out there. With over 10 million registered users and a well-designed trading platform, this app definitely stands out from the crowd. Apart from forex and stock trading, this app allows cryptocurrency trading as well.
The Trading Game is the best forex game for beginners. Stepping into the forex trading world can be a long and risky process. New traders often make the mistake of trading with their own funds before fully understanding the risks. The Trading Game helps new traders experience the market with no risk to their investment. It is a trading simulator that offers a genuine experience along with a lot of learning material that many new traders will find useful.
If you want to put your skills to the test but also learn everything you need to know about trading, Trading Game has you covered.
Bloomberg Business News
Timely financial news updates are essential for all professional traders. Keeping up to date with the market-related news makes a difference between a good and a bad trade. Bloomberg is one of the most respected news sources in the financial world, so it should be no surprise that their app made it on this list.
Often times having one news source isn’t enough. Not every publication has the same information so using one more news source is always a good idea. Yahoo finance, just like Bloomberg is one of the main sources for financial news updates and their app should be included in your forex toolkit.
As we already mentioned, virtual trading is an essential part of the advancement of your trading career. Simulators can show you what you are doing right and what part of your decision making needs improvement. Stock Trainer is for those who want a diverse trading experience.
And many more. The pro version offers ad-free trading and candlestick charts along with some other benefits that aren’t included in the free version.
With this forex app, you can get live quotes and charts for over 100,000 financial instruments that are traded on over 70 global exchanges. Users can enjoy interesting financial tools and real-time market data that is tracked and covered 24/7. You can also take advantage of the trading community that can serve as an amazing source of information and knowledge.
NetDania Stock & Forex Trader
This app brings 2,200+ currency trading pairs and can turn your phone into a personal trading assistant. It provides a clear overview of the financial markets and real-time tracking of cryptocurrency prices as well.
ThinkTrader makes forex trading on the go easy and efficient. By downloading the app you gain instant access to forex pairs, over 1,000 stocks, 14 indices, precious metals, commodities, and cryptocurrencies.
It doesn’t matter if you are an expert trader or just getting started with forex, you simply can’t undermine the value of timely information and valuable learning material provided by trading apps. By utilizing the apps on this list, hopefully you will find new ways to obtain and process information that will eventually turn your investments into profits. Beginners should use the full benefits of trading simulators because they are completely risk-free but also riddled with valuable information. At the end of the day, those with the best information will be taking the most profits and you should always remember that.