Do you want to trade and need the best trading app? Let’s first choose the right application in this article.
Check out the recommendations for trading applications that you can use as a reference in choosing a trading application. Happy reading..
Becoming a trader who buys and sells currencies (trading) has become a new lifestyle for millennials. Of course, as a trader, you need a trading application or brokerage service to carry out forex trading activities.
One of the factors that determine the success of a trader is the forex broker they choose. Why is that? Because if the selected broker is untrustworthy and irresponsible, then the broker may take your investment money away.
You need to know that there are forex brokers in the country. This means that the brokerage company is located in Indonesia. However, there are also international-scale brokers who have opened branches in Indonesia.
Trusted and Best Forex Trading App
This time the Finansialku section will share information about the list of the best trading applications. Here’s a list of the best trading apps that you can choose from.
ForexTime FXTM is an application that can perform forex trading automatically. In fact, this application has been used by traders in more than 180 countries, you know.
That way, you no longer need to doubt the trustworthiness of this trading application. ForexTime FXTM is a secure software for foreign exchange trading.
Interestingly, this trading application is designed for both professionals and beginners. So, it can reach various groups.
For example, flexible leverage allows you to increase your earning potential. However, this leverage is only offered based on your knowledge and experience.
Now, you can operate with fixed and variable spreads. Then, when you have completed your trade, the company will process the withdrawal request in just a few minutes.
You should have no problem using the software. All you need to do is register an account. Then, you also need to upload verification documents and transfer funds before trading.
This software can trade with millisecond execution. In another feature, you can also get comments from the company’s market research team every day.
Apart from that, you can also take advantage of a range of free trading tools to make more informed decisions.
This application is available for various types of devices such as Windows, Mac, iOS, or Android
The MetaTrader app is one of the most popular trading apps for retail investors.
Not only for forex trading, this application can also be used for trading stocks, forex, and other financial instruments from mobile or desktop devices.
Apart from that, the app also provides a general analysis of the financial markets using various real-time charts that include historical information. This is certainly useful for monitoring prices and offers.
A number of analytical instruments such as Gann, Fibonacci, and Elliot tools as well as the latest financial news are also available.
One of the local Forex Trade applications that is suitable for you is Agrodana Futures News. This application was developed by the broker Agrodana Futures.
The advantages that you can get are services based on technical and fundamental analysis that are easy to access.
There are several menus that are presented, including the economic calendar, economic data, live price quotes, and educational materials. You can access various news from CNBC, Bloomberg, and Reuters.
You can also learn to trade until you can be with Agrodana Futures and Finansialku in the Trader’s Lab class. By taking this class, you can get basic trading material and coach from the experts for 3 months.
Of course, if you want to be profitable in forex trading, you need to understand the current market conditions. This trading application by Netdania aims to do just that by providing you with trading ideas and strategies.
Netdania even collects data from more than 20,000 financial instruments as well as thousands of stocks in real-time. This app tells you when to enter and exit the market.
Netdania’s trading application is not only easy to use but also offers the latest market news and updates on the economic calendar. In fact, you can also share strategies with other traders.
This trading app provides real-time stock indices for Dow Jones, Nasdaq 100, TSX, Nikkei 225, ASX200, Hong Kong Hang Seng, Nifty 50, MICEX, EuroSTOXX50, FTSE100, DAX 30, CAC40, IBEX35, MIB40 and SMI20 and industry statistics such as oil, gold, silver, and platinum.
This software is powered by cloud technology. In this way, you can easily share and sync data across multiple devices.
You can also sign up to receive notifications of important economic events to ensure you don’t miss a potentially profitable trade.
This Trading Interceptor application is perfect for those of you looking for sophisticated forex trading and analysis tools.
With this app, you can quickly find and track the best currencies and stocks. In fact, the app offers 14 advanced chart types, 160 intelligence indicators, and drawing tools.
Previously, this application was only available on the desktop. However, it is now also available for mobile devices.
The app includes trade management features with touch screen support, as well as split screen and quad layer modes, allowing you to keep tabs on multiple markets at the same time.
Similar to the Netdania app, it is also cloud-powered so you can access analytical tools, trading data, and price alerts from any device.
The Trading Interceptor also has a variety of built-in trading tools. Some of these are economic calendars, data release alerts, trade stimulators, intelligence reports, and risk scanners.
This app is also authorized and regulated by the FCA in the UK and ASIC in Australia. So there is no need to doubt his trust. To use this trading application you can download it for free on Android and iOS.
TD Ameritrade is one of the largest and most established trading platforms in America. In addition to this, this trading application also offers various other investment tools. So not just forex trading, yes.
What makes the TD Ameritrade app special, however, is that it focuses on educating forex traders so they can reduce their chances of losing money.
This is done through its think tank, which provides introductory material from the web. So if you are a beginner forex trader you will feel more prepared and able to manage trades and risks more easily
Hanson Forex Investing
The first recommendation is Hanson Forex Investing. This application was developed in 2018 and has fairly complete features.
Because the Horex Broker is able to combine both trading platforms and news information in the application.
In addition, there are several other ways that can be used, such as B. open positions to set stop loss and take profit.
The second recommendation is MIFX Mobile. This application is developed by Monex Broker which is widely known among traders as it has been around since 2000.
There are several advantages of this application, namely that you can make transactions directly without having to download any additional MT4 platform.
Additionally, there are several other handy features like the one-click withdrawal menu for easy withdrawal of winnings, as well as price alerts that can be set to monitor your favorite pairs.
The fourth recommendation is the Trade Optimizer. This paid application is very popular among traders.
In addition to its convenience, you also get various premium features, including 14 calculators that help with risk analysis, positioning, and post-trading analysis.
Meta Trader 4
The last one is Meta Trader 4. Application developed by MetaQuotes Software Corp. This one is very popular.
There are several choices of instruments you can use ranging from technical analysis indicators, news feeds to online charts.
In addition, you can view prices and trading times in real-time. So you have ample opportunity to perform analysis.
Choosing the best broker and trading application
After knowing the best trading apps, you can choose the best trading app that you will use. Each broker certainly has its own strengths and weaknesses.
Therefore, choose the best trading application that suits your needs.