How to Choose the Best Forex Trading App
When selecting a trading app, make sure it suits your trading style. For instance, if you do your own technical analysis, full-screen viewing with more advanced charting tools could be ideal.
IG is an excellent option for beginners as its app makes financial trading more accessible, providing a safe environment with two-factor authentication and facial/fingerprint recognition technology.
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eToro
eToro is a social trading platform that enables users to copy, learn from, and network with other traders. The site features various assets – real stocks and ETFs, cryptocurrencies and indices – along with virtual portfolios, free training courses, and communities dedicated to helping new traders develop and practice.
CopyTrader, one of the unique offerings from this platform, allows users to instantly copy trades made by other investors with just one click. The platform displays a list of popular traders to follow along with their trading history and performance; users can filter by returns, risk score and more for maximum efficiency.
eToro offers professional-grade technical analysis with charting tools that allow users to compare assets across markets and time periods, and has Stop Loss/Take Profit features which close or lock-in profits at predetermined price points. Furthermore, its user-friendly interface makes navigation effortless; additionally its mobile app has a customizable start page with virtual portfolio or social feed options for quick navigation.
MetaTrader 4
MetaTrader 4 (MT4), one of the world’s leading trading platforms, allows traders to access and analyze global markets with its wide array of indicators for technical analysis and copy trades from other traders via its trading signals service.
MT4 stands out from the competition by supporting Expert Advisors – automated trading and analysis robots which run on platform servers to execute functions set forth by their creators automatically.
One of the many advantageous aspects of MT4 is its support for commodities and currency pairs, in addition to offering support for indices, stocks and bonds in its chart window. You can set alerts so as to be informed when certain events happen by selecting Alerts under Tools > Alerts menu; select Market > Symbol > Type as appropriate before setting your alert type preferences in Tools menu > Alerts section.
NetDania Stock and Forex Trader
NetDania Stock and Forex Trader is an all-encompassing trading app that has quickly become a favorite among traders. Offering real-time market data as well as advanced charting capabilities, it makes an excellent tool for both experienced as well as beginner traders alike.
This platform provides free real-time quotes on over 1,000 currency pairs and stocks, commodities and indices as well as an up-to-date news feed, giving traders information on market trends and developments. Furthermore, this app also features technical analysis tools designed to assist users in making informed trading decisions.
eToro, another popular Forex trading app, provides numerous advantages to investors and traders. Its copy trading feature enables users to follow other traders’ trades while simultaneously learning from them while making profits themselves. Furthermore, this platform features customizable charts with pinch and zoom functionality, making navigation and use simple even on tablets.
Thinkorswim
Thinkorswim is an advanced trading platform designed for experienced traders. Its features include dynamic charts, real-time market scans and advanced option analysis tools; in addition, educational resources and “paperMoney”, which allows users to practice strategies without risking real money are provided.
The platform also offers a mobile app, which enables traders to access their account, watchlists and trades on-the-go. The mobile app syncs up seamlessly with desktop version while providing additional functionality like alerts, charting and technical indicators.
TD Ameritrade provides commission-free online trading of stocks, ETFs, options and futures trading; however, fees apply for futures and forex trading – traders should visit TD Ameritrade’s website for pricing details.
