Traders looking to strengthen their position in a market might use it as an opportunity to acquire new bitcoins. Smartphone software applications are immensely popular among forex traders, who like having access to market information, quotations, charts, and their trading accounts at all times.
Forex Mobile Apps
The forex market is driven by active, often volatile, event-based trading. A forex market is a place where people trade money. This happens all day long, and it can go up or down depending on what's happening. More than $5 trillion changes hands every day because of this.
There are several forex trading platforms accessible for both Android and iOS devices. On the one hand, many brokers have mobile applications. Some of these individual broker apps are very popular. Other common forex trading applications include free and simple access to news, price quotes, and charts.
There are many trading-related apps are available in the market, but all of them are not important. Here are four of the most popular ones:
1. NetDania Stock and Forex Trader
This app offers real-time quotes for over 90 currency pairs, as well as news and analysis. It also has a built-in charting package.
The NetDania Stock and Forex Trader is a well-known, highly rated program that is used by forex traders because it is simple and easy to use.
2. Trade Interceptor
This app is geared towards more experienced traders, with features such as advanced charting and order management.
The Forex trading app Trade station is also popular. This app help users to trade their currency pairs, stocks, binary options with proper analysis. The interface includes almost 100 technical chart indicators for analysis and technical trading instruments, such as the Chaykin oscillator and the exponential moving average (EMA).
3. Bloomberg Business Mobile App
This app provides up-to-date news and analysis on global financial markets, as well as streaming prices for over 120 currencies.
Although there are several mobile applications available from Bloomberg, some of these apps need existing subscriptions to Bloomberg services. You will be surprised to know that the basics of this app is enough for traders to get real-time market news.
4. Thinkorswim Mobile
This app is designed for serious forex traders, with features such as advanced charting, strategy testing, and back testing. It also offers real-time data and order execution.
TD Ameritrade's thinkorswim Mobile is a popular trading platform that enables TD Ameritrade clients to trade foreign currencies, options, futures, and equities. The on-screen interface is easy to use, making it simple for people to trade what they want.