There are plenty of apps out there that can help you make the most of your Forex trading experience, whether you’re completely new to the market or just looking to improve your current strategies. Read on for our list of the top five Forex trading apps for beginners, or click here to skip ahead.
So today, we’re going to discuss the best forex trading app for beginners uk.
One of my favorite ways to trade is using an app on my phone or tablet. Having used numerous forex trading apps over a number of years, I thought it would be helpful to compile a list of six that are great for newbie traders.
Note: This is not meant to be an exhaustive list and it isn’t ranked in any particular order; rather, these are apps that have been useful and effective in helping me learn about trading.
The app is only $2.99, which is extremely affordable and gives you an excellent opportunity to learn how to trade forex using a mobile device. It includes a comprehensive tutorial that teaches you all about trading platforms, provides general market education and explains technical analysis.
The lessons are short but very informative and give great insight into how to set up your mobile platform and begin trading. You’ll even get access to a community forum where you can ask questions about any of your concerns or issues with setting up trades on your phone or tablet.
5 best forex trading app for beginners UK:
4) eToro – Forex Trading App
If you’re a beginner looking to learn about foreign exchange, one of your first stops should be eToro. Not only does it have free online courses to teach you about trading forex and other cryptocurrencies, but it also has an intuitive app you can download on both iOS and Android.
And if you’re ready to get started right away, eToro will give you 100,000 virtual dollars ($100K USD) in order to play around with trading without risking real money—something that doesn’t happen with most other brokerages. What’s more is that if your account balance drops below $20K USD, your funds are covered by eToro’s Fellow Investor Insurance policy. The best part?
The IG mobile app offers a wide range of indicators and has a sleek, easy-to-use interface. It supports multiple device types including Android, iPhone, iPad and is optimised for tablets. This intuitive platform is a fantastic way to get started with basic technical analysis on your smartphone or tablet without needing to open up an additional computer to monitor charts.
Even if you prefer one of these paid apps over IG’s mobile offering, it might still be worth having it installed because all indicators will still update through your web browser when you log in to place trades—something that isn’t possible with many of its competitors. (See also: Best forex trading apps)
For iPad users, IG’s offering isn’t as robust as many of its competitors, but if you trade frequently it could be a decent option to track currency prices with because it is free. It also offers responsive touch screen controls, which are not common among forex trading apps.
This can be useful if you find yourself logging in and out a lot while on-the-go or away from your primary computer, but otherwise there may not be enough features to justify downloading it over some of its paid counterparts unless you plan on spending a lot of time using it.
IG mobile app would be one of the best forex trading app for beginners UK.
2) Metatrader 4 Mobile App – For beginners
If you’re not willing to make a commitment to an actual broker, you might consider trading forex on your mobile device. There are several apps that can help you do just that, with Metatrader 4 Mobile being one of the most popular and widely used.
The app allows you to trade forex on any kind of device—including iOS and Android devices—and provides its users with real-time information based on live rates. It even lets you place an order and take advantage of many other basic features usually reserved for high-end brokers, such as shorting and managing risk.
If you like what you see, why not upgrade to an actual forex broker? If you do decide to take that leap, don’t be discouraged by all of its complexities—instead, use those complexities as a way to learn. Whether or not you turn out to be a successful trader, you can at least say that you gave it your best shot.
Remember: there are many different ways to make money and every kind of trader has their own unique style. What matters most is being open-minded enough to learn from your mistakes and embrace success when it comes along!
1) Oanda FX Trade – best Forex trading app for beginners UK
If you’re interested in trading forex, but don’t have a ton of experience with investments, Oanda’s FX Trade app is an excellent place to start. It makes currency trading as simple as it can be and offers advanced functionalities only when you’re ready to take them on.
The app lets you set price alerts, use basic charting, and trade spot currencies against one another. The advanced features allow you to execute trades across multiple accounts and in multiple currencies at once, giving you a great deal of power from day one.
If you already have experience with forex trading and just want a convenient way to get started on your phone, Oanda has you covered there as well. The FX Trade Lite app is perfect for people who want to trade foreign exchange but don’t need all of its features right away. It allows you to trade spot currencies against one another and analyze charts.
You can set up price alerts that are delivered via push notifications, giving you peace of mind while not demanding too much attention at once. Both apps are available as a free download in iTunes and Google Play, though they come with premium features that can be unlocked with an optional subscription fee.
So, Oanda FX app is one of the best forex trading app for beginners UK!
There are a lot of forex trading apps out there and many of them provide free services. In order to find which one is best, you’ll need to do some research. The app market is changing constantly and what may have been hot last year might not be hot anymore. Take a look at several apps or services that are in your price range, make sure they’re reputable and will help you learn how to trade profitably on Forex, and choose one that’s easy to use with practical features designed for beginners. One thing’s for sure: regardless of whether you go with an app or software platform, getting yourself started is just a few clicks away. Good luck!
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