Forex is definitely the most popular market with an estimated trading volume of over a Trillion dollars daily. A number of forex apps are available in the market for both iOS and android. But why do traders need such apps? Is it not enough just to use the computer to trade in the forex markets and make profits when the markets open or close? Or, is there more to trading in cryptobase than simply using a forex app or two?
The forex app is a program that enables the trader to trade in cryptobase using real-time quotes. It includes various analytical tools like trend analysis tools, moving average convergence and divergence analysis tools, envelope modeling tools, support and resistance analysis tools etc. It also comes along with some standard features like real-time account management, market news alerts, market analysis, trade matching services etc.
Most of the trading programs are equipped with signal generators to signal when to enter or exit a trade. As compared to the desktop version, the android version has a number of advantages. In fact, android devices are fast becoming a must have device for traders. The reason for its success is the vast user base. This is especially true in developing countries where internet connectivity is not very common.
With millions of users and a huge marketplace, android offers the best forex trading apps. Various trading apps make it possible for traders to invest in multiple currencies. Therefore, a trader can diversify his/her investments by investing in currencies like US Dollars, British Pounds, Japanese Yen, Euro, Swiss Francs etc. Other than these major currencies, one can invest in other currencies depending on their trading needs.
Usually, traders invest in Euros because they are known as a safe haven currency. Another reason why these apps are popular is that most of the profitable trades come from expert advisors which are available free of cost or for a small subscription fee. The best forex
trading apps are expert advisor based android apps which can be customized according to the trader's preferences. They also provide regular reports which can be sent to your email. Some of the top forex trading apps can be downloaded free from the Google Play Store while others need to be purchased for a nominal fee.
An expert advisor app allows you to make predictions on upcoming market trends. It is similar to an expert adviser that operates on the stock market. However, the android version has some distinct advantages over the Apple iPhone and iPad versions. The app allows you to access live markets; customize your risk profile and even set alerts so that you are informed every time the market is making moves.
Another useful forex app is the FAP Turbo, which is one of the most popular auto trading programs available today. This trading robot has been developed by a professional currency trading investor to help traders improve their chances of making consistent profits.
This android app gives users the power to set the maximum percentage of risk they are willing to take in the forex market. This app provides accurate tips and trade signals for traders who want to get ahead of the curve. Forex trading charts and graphs are another feature that most top quality forex trading apps offer.
Android apps with charts are especially helpful because they are easier to read on a mobile device compared to text based charts. The best trading charts are the ones that provide real time data and are customizable. Some of the most popular charting android apps include Supra Forex Trading Chart.