Best app for forex trading of 2019 Stock trading app for beginners
In today’s interconnected world, the foreign exchange market plays an important role in daily business. It’s a global, decentralized environment where financial institutions and businesses can trade currencies.
According to research from the Bank for International Settlements, foreign exchange trading generates an estimated $. trillion daily – making money online it larger than other financial markets. Often, it’s dominated by large international banks and corporations, which work around the clock to trade and convert international currencies.
Forex trading also underpins international trade and investments. For instance, if American companies want to import goods from a country in Europe, they’ll most likely need to complete transactions in euros. change through forex, firms can exchange us dollar for euros quickly and easily.
forex trading As well as enabling between countries, forex trading is a lucrative money investment opportunity. Every day, companies and investors make billions by purchasing and trading currencies. However, it does take a significant amount of experience and skills to make lucrative forex trades.
forex trading That’s where software comes into the picture, automating this common money business practice. Essentially, it ploughs through the market for the best currency trading opportunities. And in this article, we’ve picked out the best forex trading apps around.
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FXTM BEST STOCK TRADING APP FOR BEGINNERS
Forex Time FXTM
A nifty automated forex trading solution
Automated forex trading
When choosing any financial management platform, it’s important to look for trustworthy providers. Used by traders in more than countries and fully regulated, ForexTime s FXTM software is a safe bet for foreign exchange trading. It’s positioned as an automated currency broker.
The great thing about this platform is that it’s designed for professionals and beginners. For example, flexible leverage lets you increase your earning potential, but this is only offered to you based on your knowledge and experience. If you do intend on becoming an expert in this area, you can access a range of educational resources.
Currently, you can operate with both fixed and variable spreads, and when you’ve completed a trade, the company processes withdrawal requests within just a few minutes. You shouldn’t have any issues using the software, either. All you have to do is sign up for an account, upload your verification documents and transfer funds before trading.
What’s more, the software can make trades with millisecond execution rates. In other features, you can get daily commentaries from the firm’s market research team and make use of a series of free trading tools to make more informed decisions.
You can access the software on Windows, Mac, iOS and Android devices, and the company states that it covers % of your deposits up to $,.
An easy-to-use currency trading app
Market news and updates
Support for most stock indices
Compiles data from ,+ financial instruments, ONLINE WALLET
When it comes to making profitable forex trades, it’s important to get an understanding of the current market. Netdania aims to do just that by providing you with trading ideas and strategies. The app also compiles data from more than , financial instruments and thousands of real-time stocks.
Positioned as a personal trading assistant, Netdania will tell you when you should enter or exit the market. Not only is the app easy-to-use, but it also provides you with real-time market news and updates within a economic calendar, and lets you share strategies with fellow traders. That way, you can learn from others.
Netdania provides real-time stock indices covering the Dow Jones, S&P , Nasdaq , TSX, Nikkei , ASX, Hong Kong Hang Seng, Nifty , MICEX, EuroSTOXX, FTSE, DAX , CAC, IBEX, MIB and SMI, along with statistics from industries such as oil, gold, silver and platinum.
Because the software is underpinned by cloud technology, you can easily share and sync data across a range of devices. And to ensure you never miss a potentially lucrative trade, you can sign up to receive push notifications about major economic events. Netdania is available in languages and is free to download from the App Store and Google Play Store, although there are various in-app purchases.
. Trade Interceptor
A good option for forex analysis
Forex analysis tools
Free iOS and Android apps