Forex trading can be an immensely profitable activity when executed properly, yet it must be remembered that trading involves risk. Therefore, it’s vital that you educate and practice in order to prevent losing any money through your efforts.
Thinktrader provides traders with more than just trading tools; it also features real-time news flashes, trading data, and price alerts to assist with informed decision making.
MetaTrader 4
The MT4 platform is the go-to trading software for online forex and stock trading, boasting advanced analytical tools that allow traders to forecast price dynamics using 30 built-in indicators and almost 3,000 additional free and paid indicators. Furthermore, this program can be found in over 30 languages; additionally, its website features comprehensive advice articles covering common issues.
The MT4 platform makes it easy to set stop loss or take profit orders on trades, or set pending orders which will execute when market hits certain prices.
Acorns
Acorns is a micro-investing app designed to invest your spare change. By linking your credit card, Acorns automatically rounds up every purchase to the nearest dollar and invests the extra change – eventually this small investment should add up over time!
Signing up for Acorns requires providing your name, birthdate, address and answering some basic questions about employment status, net worth and yearly income.
Acorns charges a flat monthly fee of either $1, $3 or $5 depending on your account features – though this may seem cheap compared to competitors such as Wealthfront and Betterment which charge fees between 1%-2% of account balance respectively.
eToro
eToro bills itself as more of a social investment network than traditional brokerage, and certainly does an outstanding job at being such. With its flagship CopyTrader and Popular Investor Program features offering simplified crypto investing for traders looking for quick returns without extensive research required, eToro stands out as an attractive choice.
The platform also offers educational tools designed to aid traders in honing their skills, such as webinars, articles, and videos designed to address different learning styles. Furthermore, the platform includes embedded environmental, social, and governance (ESG) ratings for assets.
FXTM
FXTM is an established forex trading app that offers traders with all the tools necessary for market analysis and making informed decisions. The platform features advanced charts, research content and news from around the globe; in addition to educational materials and a demo account.
As its website emphasizes transparency and customer care, which are both highly attractive features for any investor, its offerings include twice daily trading signals, an economic calendar and market forecast reports four times annually.
Traders can gain access to market data and quotes on all major currencies, indices, precious metals and commodities in real-time.
NetDania Stock and Forex Trader
NetDania stock and forex trading app has long been known as an indispensable resource for successful day trading, thanks to its user-friendly interface and educational resources that cater for traders of all experience levels.
This app gives traders real-time price quotes on currency pairs, commodities and stocks as well as streaming charts and financial news. Users can set price or trendline alerts.
To download NetDania Stock and Forex Trader on iOS App Store, use “GET” button located next to its listing and a pop-up will ask permission before installing the application.
IG
IG offers traders the ability to set watchlists of their desired markets, set price alerts and stay informed with news and market updates, access educational tools and technical analysis indicators, as well as trading risk-free using virtual currency via their app.
This forex trading app for mobile devices is among the most sought-after, offering features not found elsewhere. Thinkorswim’s user-friendly platform boasts live news alerts as well as direct CNBC mobile streaming – features not found elsewhere!
Admirals
Forex trading is an extremely risky activity and should only be undertaken if you can afford to lose all your investments.
Admirals is an established US stockbroker offering the MetaTrader 4 app, allowing users to trade over 80 currency pairs using advanced charting and analysis tools. Furthermore, Admirals’ platform also includes a $50,000 practice account so users can test out trading strategies before trading live.
TD Ameritrade thinkorswim trading app provides users with access to various tools and features – including CNBC TV, advanced trading capabilities and over 44 technical indicators – in one convenient place.
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