With a daily trading volume of $5.1 trillion in 2016, there is still much up for grabs in the current year as well. On August 8, price of Aluminium had rose above $2000 per metric ton since late 2014 and is still looking to advance further in the days to come. The August RBNZ meeting aims to trigger AUD/JPY and NZD/JPY movements. Opportunities are everyday and anytime! Here are some of the top Forex apps to help you to make the most out of those opportunities!
1. For Practice & Experience – The Trading Game
ANDROID | IOS
The Trading Game is a free to use application which offers users the best practice experience as like a real forex market would offer. For new traders looking to get their hands dirty or an experience trader looking to hone their skills, this trading platform is perfect for any kind of trader. Many interesting lessons are included to help users understand the way around the Forex market and also numerous pro tips are available to take away. Plentiful quizzes are available to test your knowledge and also to further enhance learning. When you garner the confidence and skills you need, try to aim for the top of the leaderboard in the global ranking system!
2. For Social Trading – eToro
75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Over 220 million trades have been opened at eToro and the number is steadily increasing each day. Etoro is a social trading real money platform which allows users to copy a selected trader’s exact trades. This give users the option to let other traders grow the money for you. The only hard part is choosing the right trader to pick! With proper portfolio analysis and statistics the platform provides for each trader, picking the right one is so much easier.
3. For Learning The Basics – Go Forex
For all those beginners out there who are interesting about the Forex market and can’t seem to find a good platform to start at, look no further! At Go Forex, picking up the tricks of the trade and mastering the fundamentals has never been so quick and easy. Quizzes are then provided after each lesson to enable users to fully understand and master each topic. This platform provides the best insights and trading experience for beginner to have much fun with!
4. For Financial News – Bloomberg
Before every trade, most will have probably done some research or read some news. With Bloomberg, get updated with the best financial news and keep tabs on those financial instruments you are interested in. Moreover, this app also provides a platform for you to monitor your portfolio easily and to receive alerts on your portfolio so as to assist you in making the best decisions to improve on your financial position. If you want to keep your portfolio in track, Bloomberg can do just that!
5. For Trading Alerts – The Forex Hours
This application shows exactly what time the market opens in any specific country or timezone. It is available on both IOS and Android devices. Start trading on the dot and do not miss out on any golden opportunities that might present itself to you! Plan your trading schedule and start hunting for those profit making opportunities!