It is a no brainer that forex trading is a fast-paced and highly competitive market. Given its volatility, trading tools remain to be the core instruments for efficient trading.
While there are numerous forex trading tools in the market, few beat the convenience of mobile trading apps. With a good trading app, you can be sure to stay on top of the dynamic forex market and execute trades at the convenience of your comfort.
Below is a detailed review of the best forex trading apps for iPhone users.
1. Barchart Forex Trading App
Barchart is a uniquely designed app with lots of handful features to make forex trading easier for you. It offers comprehensive forex market data in real-time, ensuring you don’t miss out on any trade. You can also view past historical market data in intervals of days, months or even years. This allows you to make a more informed trading decision, consequently minimizing risks.
To improve the user’s experience, the app offers abilities to customize your forex watchlist. This feature is further enhanced by the commodity commentary option that provides deeper insight into the currencies you are tracking.
Upgrading your app from the free version to premium gives you access to more features. These include unlimited charts, ad-removal, and screener designed to improve your trading strategies.
2. The Trading Game
For the novice traders looking to get their hands-on experience, this app is designed for you. It offers comprehensive trading lessons that are complemented with interactive quizzes, to cement what you have learned. In addition, the app has a live trading simulator where you can participate in trading games as you hone your trading skills. Once you are ready to trade, the app offers you daily trading tips and tricks to further improve your trading strategies.
The best thing about this trading app is that it doesn’t require a subscription fee. The free version has no ads, which is a rare feature to find in most beginner-friendly apps offering the same functionality.
3. MetaTrader 5
MetaTrader 5 is a free app that offers a great deal of depth to traders of all levels. One of its most unique features is the ability to set a sound notification, ensuring you don’t miss your day trading. This feature is coupled up with push notification capabilities allowing you to stay on top of price changes.
Compared to other apps, the MetaTrader 5 offers high-performance charts with technical indicators that make it easy to anticipate price changes. The app also allows you to customize up to 4 charts making it easy to keep track of specific currencies.
Other handy features include free access financial news, technical indicators and the ability to view your trading history.
4. Investing.com
This app boasts hundreds of thousands of users, making it one of the most popular iOS apps. True to its numerous users, the app offers essential capabilities designed to make trading easy for all traders.
To start with, the app features an economic calendar and an earning calculator, allowing you to track your investment habits. It also gives you access to breaking financial news, opinions, and analysis from the market experts, to ease your trading decisions.
To improve the user-friendliness, Investing.com is available in a wide variety of languages for different users across the globe. You will also have an easy time customizing your portfolio thanks to the easy-to-use navigation tools.
5. Trade Interceptor
Owing to its advanced tools, Trade Interceptor is best used by professional traders. The app offers over 10 different types of advanced charts and more than 100 intelligent indicators for detailed technical analysis. Users can also make use of the drawing tools, split and Quad-screen views to help delve deeper in forex analysis.
One of the most unique features that make this app worthwhile is the touch-chart capability. With this feature, you can place an order right from the charts without having to navigate to the trading page.
Other additional features include streaming quotes and news in real-time from top forex markets.
Summary
Mobile trading apps are essential in the trading routine of every trader, thanks to their handy features. Nonetheless, it is important to remember that your trading success depends on your knowledge and skills. As such, it makes sense of choosing an app that matches your skills level while allowing you to learn.
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