Becoming a trader who buys and sells currencies (trading) has become a new lifestyle for millennials. Of course, as a trader, you need a trading application or the services of a broker to carry out your currency buying and selling activities.
One of the factors that determines a trader's success is the forex broker he chooses. Why this ? Because if the broker you choose is untrustworthy and irresponsible, they may take your money away.
List of the best trading apps
This time Finansialku section is going to share information about the list of best trading apps. Here is a list of the best trading apps that you can choose from.
1. ForexTime FXTM
ForexTime FXTM is an application that allows you to trade forex automatically. In fact, this app has been used by traders in over 180 countries.
Thus, you no longer have to doubt the reliability of this trading application. ForexTime FXTM is a safe software for foreign exchange trading.
Interestingly, they designed this trading app for both professionals and beginners. It can therefore reach different groups.
For example, flexible leverage allows you to increase your earning potential. However, they only offer this leverage based on your knowledge and experience.
Now you can operate with fixed and variable spreads. Then, when you complete your transaction, the company will process your withdrawal request in just a few minutes.
You should have no problem using the software. Just register to get an account. Then you also need to upload verification documents and transfer funds before trading.
The software can perform transactions with execution in milliseconds. Another feature, you can also get daily feedback from the company's market research team.
Additionally, you can also use a range of free trading tools to make more informed decisions.
This application is available for different devices such as Windows, Mac, iOS or Android.
The MetaTrader app is one of the most popular trading apps for retail investors.
This application is not just for trading Forex, it can also be used to trade stocks, Forex and other financial instruments from mobile or desktop devices.
Additionally, the app also provides general financial market analysis using various real-time charts that include historical information. This is useful for tracking prices and quotes.
A number of analytical instruments such as Gann, Fibonacci and Elliot tools as well as the latest financial news are also available.
3. Agrodana Futures
One of the best local Forex trading apps for you is Agrodana Futures News. This application was developed by the broker Agrodana Futures.
It offers services based on technical and fundamental analysis that are easy to access.
They feature several menus, including the economic calendar, economic data, live quotes, and educational materials. You can access news from CNBC, Bloomberg and Reuters.
You can also learn to trade until you can with Agrodana Futures and Financial Services in the Trader's Lab class. By joining this class, you can get trading materials from the basics and expert coaching for 3 months.
When you want to trade profitably forex, of course, you need to understand the current market conditions. This Netdania trading app aims to do that by providing you with trading ideas and strategies.
Netdania even collects data from over 20,000 financial instruments as well as thousands of stocks in real time. The app will tell you when to enter or exit the market.
Apart from being easy to use, the Netdania trading app also provides the latest market news as well as economic calendar updates. In fact, you can also share your strategies with other traders.
This trading app provides real-time stock indices including Dow Jones, Nasdaq 100, TSX, Nikkei 225, ASX200, Hong Kong Hang Seng, Nifty 50, MICEX, EuroSTOXX50, FTSE100, DAX 30, CAC40, IBEX35, MIB40 and SMI20, as well as statistics on sectors such as oil, gold, silver and platinum.
This software uses cloud technology. This allows you to easily share and sync your data across multiple devices.
You can also sign up to receive notifications about major economic events so you never miss a potentially profitable trade.
5. Interceptor Trading
The Interceptor Trading app is perfect for those looking for a powerful forex trading and analysis tool.
With this app, you can quickly find and track the best currencies and stocks. Indeed, it offers 14 advanced chart types, 160 smart indicators and drawing tools.
Previously, this application was only available on the desktop. However, it is now available for mobile devices as well.
It has trade management functionality with touchscreen support, as well as split-screen and quad-layer modes to let you keep tabs on multiple markets simultaneously.
Like the Netdania app, it also uses the cloud so you can access analytical tools, trading data, and price alerts from any device.
Interceptor Trading also has various built-in trading tools. These include an economic calendar, data release alerts, trading stimulators, intelligence reports and a risk scanner.
The app has also been authorized and regulated by the FCA in the UK and ASIC in Australia. There is therefore no reason to doubt its reliability. To use this trading app, you can download it for free on Android or iOS.
6. TD Ameritrade
TD Ameritrade is one of America's largest and most established trading platforms. Besides, this trading app also offers a wide range of other investment instruments. So it's not just forex trading.
However, the uniqueness of the TD Ameritrade application lies in its desire to educate traders on the foreign exchange market in order to reduce the risk of losing money.
This is done through its thinker platform which provides introductory material from the internet. So if you are a beginner forex trader, you can feel more prepared and manage your trades and risks more easily.
7. Hanson Investing in Forex
The first recommendation is Hanson Forex Investing. This application was developed in 2018 and has quite complete features.
Because Horex brokers are able to combine the trading platform and news information in the app.
Additionally, several other functions can be used, such as Open Positions, Stop Loss and Take Profit.
8. MIFX Mobile
The second recommendation is MIFX Mobile. This application was developed by Monex Broker which is well known among traders as it is established since 2000.
This application has several advantages, in particular that of being able to carry out transactions directly without having to download an additional MT4 platform.
Additionally, there are several other handy features such as the one-click withdrawal menu for easy profit withdrawal, as well as price alerts that you can set to monitor your favorite pairs.
9. Trade Optimizer
The fourth recommendation is Trade Optimizer. This paid application is quite popular among traders.
Along with its convenience, you will also benefit from a variety of premium features, including 14 calculators that will help you analyze risk, determine positions, and perform post-trade analysis.
10. MetaTrader 4
Developed by MetaQuotes Software Corp., this application is one of the most popular.
There are several choices of instruments you can use, including technical analysis indicators, news feeds, and line charts.
Also, you can get real-time quotes and trading hours. So you have many analysis options.