There are several Forex trading programs that claim to be the besttrading app, but I have found only a handful that are truly effective. Which one is the best trading app for you? Your decision should depend on your goals and what you expect from your trading program.
If you want to invest in Forex then you should look into one of the top three Forex trading programs. I am going to list and explain my top three picks.
Freetrade: Best overall for trades made through your mobile network. Plus 500 bucks match bonuses for new members. You can use the Freetrade iPhone, Android and desktop trading platform.
Freetrade also allows you to make trades through brokers such as TD Ameritrade and Capital One. This program is not free, but you can trade free for a year after you open your account. Fidelity Investments: Best overall with their mobile trading tools. Plus they allow traders to connect with real time charts and buy and sell indicators from anywhere. They also have a number of online seminars that help traders understand market conditions better.
Free trials are available. Fidelity Investments actually offers several types of Forex mobile trading platforms. They offer a stock trading platform, a managed futures trading platform, a spot trading platform and a currency trading platform. I prefer the stock trading platform because it allows me more hands on, customizable options. The other two are great if you plan on doing long term investments, but if you are a day trader then the free Spot option may be best.
TradeStation: Another solid choice when looking for the best Forex trading app. This is not an online trading experience, but rather one that comes to your phone and allows you to manage your accounts on your mobile device. Great customer support is provided as well. You can trade multiple currencies at once on this platform.
Also a great option for any type of Forex trader. You can set up a demo account and
get a feel for the trading platform without investing any money. Plus you can use this same demo account to do trades with live currency rates on your phone. This is the recommended option for most beginners because it allows for lots of practice, and gives you plenty of time to perfect your skills before you decide to invest real money.
Stock Markets Capital Market:
Another one of the many top rated trading apps for android. This app provides a variety of information on stock markets. Features include stock quotes, charts,
and news from the market. This also provides valuable information on ETF, mutual funds, as well as index futures. With easy access to live data feeds this makes for a great way to keep up with the financial markets.
Market Maker: Probably the most difficult of the bunch, Market Maker provides real time stock trading information to its users. It does this by displaying stocks and making recommendations about what should be traded. However, it doesn't have all the bells and whistles that the other apps do.
That said, though, it does work quite well, and for people who are just learning the
ropes, it can be a great place to start. Most importantly, though, it helps you learn about the financial markets. Open Trading Account: This is an excellent trading app for those who don't have the money to invest in a specialized brokerage account. It allows you to trade stocks in real time using a variety of trading tools, and it even gives you insights on when to make specific decisions.
While, obviously, the free version does provide some of these features, it lacks the real-time data and advice that the paid versions offer. The only really negative point I can see about this one is the deposit requirements. As it is, this app is a great place to practice trading ideas without actually investing any money.
Simple Stock Trading: If you enjoy trading stocks, this is an extremely easy and fast way to learn how to trade stocks with the use of automated trading software. You can use this app to practice any number of investment strategies, or you can simply track the trends in your stock picks and decide which ones you want to get rid of. This is a great app to use for both beginners and advanced traders. It's free, and well worth the download.
Mobile Forex Trading: This is probably the most exciting and unique mobile trading app on the market. This is a top-notch trading app that will teach you how to invest in stocks, forex trading, futures, options, and more. You can use this app to invest in any currency pair with the simple push of a button. This is an excellent way to practice all of the things you would want to know about forex trading, but never been able to due to time constraints.