Being an active currency trader, you need access to market news, quotes, charts and your trading account at all times. A Forex trading app is a desktop or mobile-based application used to trade the Forex market and provides useful information for your daily trading activities. They range from news apps, trading platforms, and various trading tools, such as daily currency correlations. When all this is combined, these trading apps offer a complete tool-box for effectively navigating the Forex market.
By having these trading applications installed on your smartphone or tablet, you can stay up to date with major market developments wherever you are, analyze potential trading opportunities, and make trades directly from your handheld device. Without a trading platform, you won’t be able to place, manage, or close orders. So, this makes trading platforms one of the most important trading apps a Forex trader should have. MetaTrader 4 is an extremely popular platform among the trading community and offers a variety of advanced features that can be useful when considering the market. Now that you have a platform that connects you to your broker and offers live access to the Forex market, I’ll explain some apps to help guide you through the market trenches.
FXStreet News: is constantly updated with Forex news and you can receive a notification whenever a new report is released. There’s a built-in economic calendar that can be altered to show your view of the importance of Forex news. Shawn Lucas is a professional trader who I personally look up to in the trading community, and uses apps himself to allow Forex news to help guide his daily trades.
Bloomberg app is a well-known news portal in the trading community. The app is available for different mobile platforms and features a variety of options that any Forex trader will find very useful in their daily trading activities. Experienced traders such as Shawn Lucas understands how important global developments are for the Forex market. Bloomberg app helps the trader by sending important news directly to their phone and allowing the trader to make accurate trading decisions.
Forex Factory gathers important headlines from various online sources and publishes them on its app. Even breaking news is quickly displayed and all news can be set by category and sorted by the latest news, most viewed etc.
Investing.com is well known for its news and analysis on a variety of financial markets. This app offers a lot of features for traders at all stages of their journey. Being able to place and manage trades is just part of Forex trading, along with checking the market for opportunities and news events. These apps are designed to help you as a Forex trader and make your trading more successful and profitable.