Forex Trading Mobile Platforms
- Mobile trading is very popular around the world
- There are numerous trading platforms created for mobile phones
- Mobile trading makes Forex trading more accessible globally
- Forex trading using mobile apps is very comfortable for traders
Is It Better To Trade Forex On Mobile?
Forex trading mobile explained: Mobile Forex trading is not different from desktop trading at all
While mobile trading has become immensely popular in the past years, it is still very hard to compare it to trading using PCs. While there are many people who prefer to trade Forex on mobile, there are others who do not even think about trading Forex using smartphones.
The main reason for this is that trading using mobile phones simply does not allow traders to have the same multitasking as a desktop version of a trading platform would allow. However, it does not mean that trading using mobile phones is not good.
In fact, there are millions of people who prefer to trade using mobile phones. The main reason for this is that mobile trading is simply more accessible for people all around the world. No matter where you are, as long as you have a smartphone, you can have access to mobile trading.
This makes Forex trading even more popular even in the most remote parts of the Earth. Forex trading with mobile phones is also very important for those traders who are constantly on the go. For these people, mobile trading platforms are a way to always stay connected with the Forex trading market, no matter where you are.
This is very important for traders who travel very frequently, or who do not trade Forex full-time. If you are a trader who has a full-time job and finds it hard to always sit in front of their computer to trade Forex, mobile trading can be an amazing solution.
Modern-day mobile trading platforms are capable of offering traders high-quality services that are very similar to trading using computers.
At the same time, there are other traders who think that it is impossible for them to trade Forex using mobile phones. Because of this, it is very hard to compare Forex trading using a smartphone to Forex trading using a computer. Both of these are very different experiences and can vary from trader to trader. Below, we will talk about some of the best Forex trading platforms available for mobile trading.
What Is The Best Forex Trading Mobile App?
Over the years, there have been numerous companies that have worked very hard to create best Forex trading mobile app. Thanks to these companies, mobile trading has become very popular around the world.
However, finding the best Forex mobile trading application is not an easy task, and there are numerous things that a trader might have to keep in mind before starting using a mobile trading application.
For this guide, we have done extensive research and were able to find the 5 best Forex trading mobile applications that offer traders services like no other. So, take a look at our list o the best FX trading mobile applications below and find the one that fits your needs the best.
While talking about the best Forex mobile trading platform, it is impossible to not talk about the amazing MetaTrader 4 Mobile platform. MetaTrader is a famous trading platform around the world, which is used by a huge majority of all Forex traders globally. The MetaTrader 4 mobile application is a mobile trading version of the hugely popular MT4.
The original MetaTrader 4 was released back in 2005 and it has changed the way people trade Forex forever. Similar to the PC-based version, MT4 mobile trader is also very popular among traders of all backgrounds.
This application allows traders access to the financial markets via iOS and Android devices as well as tablets. You can download the MT4 Forex trading APK for Android devices while iOS devices require direct download from the app store.
The MetaTrader 4 mobile trading application offers traders different types of functions that make it a very popular trading platform. It offers you interactive quote charts, different types of trading orders, and numerous analytical tools.
The trading platform created for mobile phones is very similar to the actual MetaTrader 4, having the exact same design and many of the functionalities. Traders can use MT4 mobile app to monitor their account status, track the history of trades, and most importantly, trading Forex in just one click.
MetaTrader 4 mobile app offers traders numerous services, which include charting solutions and different types of technical indicators. Thanks to this application, you can take the trading platform wherever you go.
Finding the best mobile platform for Forex trading is not easy. There are numerous of them available and all of them offer different types of services to traders. One of them that is among the most popular ones is MetaTrader 5 mobile trading app.
Similar to MT4, MetaTrader 5 is a trading platform created by the same software development company. However, there still are some distinct differences between these two platforms. While MetaTrader 4 was created with Forex trading in mind, MetaTrader 5 focuses on other trading assets as well.
Because of this, MetaTrader 5 mobile app is a platform that can be used by traders of different interests. MetaTrader 5 mobile application is a perfect solution for those who want to trade assets like Forex, stocks, futures, as well as many others.
Thanks to the mobile version of MT5, you can stay connected to the trading market at all times. By installing the MetaTrader 5, you will be able to stay connected to the trading market 24 hours a day. MT5 mobile application is available for Forex trading on iOS as well as on Android devices.
The mobile version of this trading platform offers traders similar services as the PC-based version. You can use numerous trading indicators with the MT5 mobile trader, open and close positions, do charting, and so on.
The interface of the MT5 mobile platform is exactly the same as the PC version of the trading platform.
Forex Calendar is a very famous Forex trading app for mobile available for both iOS and Android devices. If you are a Forex trader this application can be very useful for you for many reasons. The Forex Calendar is a very popular application that offers traders everything that they might need in one place.
This includes tracking, analyzing, and staying up to date with the ongoing events in the Forex trading market. There are hundreds of thousands of traders who are using this application to stay connected with the Forex trading market at all times.
The Economic Calendar of the application covers over 30 different currencies around the world and offers traders very easily readable data. This can be used by traders to better predict the possible price movements in the market.
In addition, the application also offers traders the ability to view over 60 different currency pairs in real-time and see how the prices are changing. For analyzing the market, the application also offers traders Forex charts which enables you to use technical analysis. By offering leading technical indicators, you can do your research and chat with your phone thanks to this mobile software for Forex trading.
The only thing that you can’t do with this Forex application is to open and close actual trading positions. However, it can be a great way to stay up-to-date with the ongoing events in the market and make sure that you understand what is going on in the trading world even when you are far away from your computer.
Bloomberg Mobile Forex
When it comes to Forex trading, staying up-to-date with the ongoing events in the financial markets is probably among the most important things that every trader is thinking about. There are numerous ways you can learn more about the ongoing events in the market, however, sometimes, it gets very hard to decide what information is worth your time.
Although the Bloomberg app is not one of the mobile platforms to trade Forex, meaning that it can’t be used for opening and closing trading positions, it can still play a huge role in a Forex trader’s life.
Thanks to the Bloomberg Mobile Forex application, traders can make sure that they know what is going on in the market at all times. There is numerous financial news posted on the Bloomberg app every single day, which can help you always have accurate knowledge about the market.
Thanks to the Bloomberg mobile application, no matter where you are, you can still take your time for fundamental analysis. This application is a great place to read news, see how the prices are moving in the market, and what is influencing the price movements.
Bloomberg application also features charts, which can be even more helpful for traders of all backgrounds.
The Investing.com application is among the most popular Forex trading platforms on mobile devices and this happens for a reason. This trading platform offers traders access to real-time quotes for over 30,000 financial instruments that are traded on over 100 exchanges around the world.
This includes markets like Forex, Stocks, Futures, and many others. Investing.com application offers the Economic Calendar, which makes sure that you never miss alerts and updates about the economic events planned to take place around the world. The application also features special pages for news, which will keep you updated on the ongoing events in the market.
There are many other Forex trading apps for Android as well as iOS devices available in the market. While some of these platforms offer traders the ability to open and close positions, others offer them insight into the ongoing events in the financial markets around the world.
What Did We Learn From This Forex Trading Mobile Article?
There are dozens of Forex trading platforms available for both iOS and Android devices.
While some of these trading platforms offer traders the ability to trade Forex, the others mostly focus on the ongoing financial events in the market.
Forex trading mobile applications make this market more accessible for traders around the world.
Thanks to the Forex trading apps, traders have the ability to stay in touch with the market even when they are away from their computers.
Modern Forex trading applications offer mobile traders the ability to trade Forex, as well as do research about the market.
Detailed Insights On Forex Trading With Mobile
Can You Trade Forex On Phone?
Yes, you can trade Forex using your smartphone. Forex trading is possible thanks to mobile trading applications and there are many of them available in the market. Most of the modern Forex trading applications offer traders the ability to open and close positions and do research about the price movements in the market as well.
Which Is The Best Mobile Trading App?
There are many well-known Forex trading platforms available in the market, some of the most popular ones include those like MetaTrader 4 mobile trading app, MetaTrader 5 mobile trading app, Forex Calendar, and many others.
While some of the FX trading platforms offer traders the ability to open and close positions and actually trade Forex, there are others that largely focus on trading analysis and offer traders updates on the ongoing events in the market. Such mobile platforms include Bloomberg Mobile Forex, Investing.com Forex, and many others.
Is Trading Forex On Mobile Easier?
It depends. While Forex trading with mobile phones is more accessible, it is very hard to say if it is easier or not. In fact, there are some people who say that they can’t trade Forex using mobile phones at all, while there are others who say that Forex trading with mobile phones is very comfortable.