Can I trade Forex on my phone?
Absolutely. In fact, we highly recommend it. Trading Forex on your phone is perfect for traders with busy schedules as a Forex trading app allows you to dip in and out and check your trades while on the go. Many trading apps also have user-friendly interfaces and are intuitive and easy to use, making them equally suitable for beginners. In addition, many of the tools and functions available on desktop or web clients are also available in-app.
What is a Forex trading app?
A Forex trading app is a software application that can be downloaded to your mobile device or tablet. Over the course of the last few years, many brokers have invested significantly in developing trading apps that are capable of providing the same functionality as their desktop and web clients. In addition, third-party platforms such as the ever-popular MetaTrader offer their own trading apps to rival those provided by traditional brokers.
How do I choose a Forex trading app?
When choosing a Forex trading app, it’s important to always have in mind what features you require from an app. If you’re a beginner, you may be more interested in how easy it is to use and what educational resources you can access on-the-go from inside the app. If you have a bit of trading experience, then you’ll want to consider apps that have more intelligence indicators, advanced charting capabilities and other technical analysis tools and features. It’s also worth bearing in mind some apps may not be compatible with your device. For example, some apps may only be available on Android devices and not iOS, and vice versa.
How to download Forex trading apps
To download a Forex trading app from your broker of choice, simply head over to the App Store (iPhone) or Play Store (Android) and search for your broker. Once you’ve found the app, download and install it, log in using your details and you’re all set.