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The best Forex trading apps every trader should know

  • freeamfva jack
    • 3280 posts
     
    February 15, 2023 1:28 AM EST

    The best Forex trading apps every trader should know

    If you fall into the group of Forex traders who feel overwhelmed by the amount of market information available online, then this article is for you. Here we’ve compiled a list of the best Forex trading apps, which will make your life easier by filtering the important information from the unimportant. Whether it’s trading platforms, news apps, or currency heat maps – here’s the ultimate list of Forex trading apps that you need to start using today.To get more news about best forex trading apps, you can visit wikifx.com official website.

    What are Forex trading apps?
    A Forex trading app is a desktop or mobile-based application that is used to trade the Forex market and provides useful information for your daily trading activities. They range from trading platforms and news apps to various trading tools such as daily currency correlations and heat maps. When combined, these Forex trading apps offer a complete toolbox for effectively analysing and trading the Forex market.

    Many trading applications can be installed directly on your smartphone or tablet. This is a great way to stay up to date with major market developments wherever you are, analyse potential trading opportunities, and even make trades directly from your handheld device.

    Trading platforms
    Without a trading platform, you won’t be able to place, manage, or close orders. This makes trading platforms one of the most important trading apps. MetaTrader 4 remains the most widely-used trading platform among Forex traders and offers a variety of advanced features that can come in handy when analysing the market.

    The good news is that the most popular trading platform is also available as a mobile or web-based application. This means that you can check live currency quotes and price charts, see your complete trading history, and even place and manage trades on the go. The MetaTrader mobile app is available for both Android and iOS devices, and can be installed directly from the Google Play Store and Apple’s iTunes.

    MetaTrader’s mobile app can be directly connected to any supported Forex broker, and you won’t lack any of the functionality available on the desktop app. This means that you can apply trend lines, technical indicators, Fibonacci levels, and many other tools directly on your smartphone. You can also check for the current market spreads and highs/lows for the day. Stop Loss and Take Profit levels can be set prior to opening a trade, and even pending orders such as stop and limit orders are available in the mobile app. The following picture shows what MetaTrader’s mobile interface looks like on smartphones and tablets.

    The web-based MetaTrader 4 platform can be accessed from any computer with a web browser. This ensures that you have access to the market even if you’re not in front of your home computer, and offers all the tools that you’re familiar with from the desktop-based application.
    Alpari Mobile
    Beside MetaTrader which is only a trading platform, you can also go for Alpari Mobile that is an in-house developed trading program by Alpari, a major Forex broker. This means that you can also use the app to open trading accounts directly with Alpari, and enjoy real-time price-quotes across all major financial markets, including Forex, stocks, indices and futures.

    The app is highly customizable and includes a built-in economic calendar, news section and market reviews that can be filtered by asset class, and a preview of current interest rates of all major central banks around the world. The app can be seamlessly connected with MetaTrader, and is available for iPhones, iPads and Android-based devices.

    FXStreet News
    Now that you have found a trading platform that connects you to your broker and offers real-time access to the Forex market, it’s time to check some handy apps to follow important market news. While many of you might recognise FXStreet as a popular trading website, it’s also available in the form of a Forex app that can be installed on your smartphone.

    FXStreet News, as the app is called, is updated with plenty of Forex news on a daily basis, and you can configure the app to send you a notification whenever a new report is released. In addition, the app features a built-in economic calendar that can be filtered by your favourite currencies and by the importance of the news.