One of the most exciting things about foreign exchange trading is that, throughout the week, the market is open all hours. Open 24/5 to accommodate the various global time zones, the key to forex success is keeping your ear to the ground and trading whenever and wherever the opportunity arises – so being able to stay up-to-date on the latest forex news, live forex signals and contextual factors is an absolute must.
With that in mind, today, we’re taking a look at a handful of the top forex apps for on-the-move market monitoring, helping you stay ahead of the competition whether you’re still learning how to trade currency or you consider yourself an industry veteran.
FXCM Trading Station
The FXCM Trading Station Mobile App provides quick, easy and versatile access to the foreign exchange trading market, no matter where you are. Available on both iOS and Android platforms, this free app provides an intuitive, user-friendly interface that helps traders translate forex trading signals in a simple manner, making it far easier to manage trades on over 56 currency pairings. Not sure what a currency pairing is? Not to worry – we cover that, along with everything else you need to know, in our post on the basics of forex trading.
Another great advantage of this app is that it allows you to place demo practice trades free of charge, making it ideal for anyone lacking experience on how to trade currency – simply place your practice trades without the worry of losses until you feel confident enough to take off the stabilisers!
Simple and effective, the Currency FX app is a must-have application for any forex trader.
This is an on-the-go app that provides the latest currency exchange rates, along with an easy-to-use currency converter that details rate trends over periods of up to five years. What’s more, this tool doesn’t even require an internet connection – meaning you can keep foreign exchange trading without having to rely on that temperamental 4G connection! This is great for anyone looking to learn how to trade currency for the first time, as it allows users to make sense of conversation rates and make informed judgments accordingly.
This doesn’t mean forex veterans shouldn’t also be downloading this great tool, though. Not only is the conversion calculator a go-to for currency traders new and old, but the app also offers the latest in forex news, live and on-the-go.
An app taking the forex world by storm right now is Trade Interceptor. Boasting over 650,000 users (and counting), this app provides a detailed analysis of live forex signals and displays them in a fantastically user-friendly interface.
Combine this with the option to create multiple demo accounts, access to push alerts on forex news and detailed technical analysis on trading signals, and you might just have the ultimate phone application for foreign exchange trading enthusiasts.
These apps will help you become the best forex trader you can be, but be sure you’ve got all the necessary knowledge you need before making your first trade by attending one of our free forex workshops.