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Best Smartphone OS for Forex Trading: iOS vs Android - Gadget Advisor
Emporia launches NFC-enabled S4 smartphone. They came with improved battery life assures you of uninterrupted online trading sessions and a clearer camera. They, however, come at a price, but that is a nonissue considering what you stand to achieve and enjoy from using any of them. They have faster processing speeds and their screen resolution is the perfect example of how a trading screen should look like. Their size perfectly fits on hands making them easy to navigate.
For a phone with 6 to 12 GB RAM, you are set to manage multiple trading accounts and applications without fear of losing track or focus. OnePlus has all the best features you could look for in a trading smartphone, for instance, the battery life and size of the screen.
Top 4 Apps for Forex Traders
If affordability in a smartphone is one of your concerns, Xiaomi Mi 9 could be the ideal forex trading phone for you. It is one of the few phones in the market that do a lot in comparison to how much they cost. Forex trading comprises demanding tasks which you can easily execute using this particular phone as it comes with a quicker processor. You can also count on it for clear screen display of charts and any other analytical information in the world of forex trade.
Looking for a business companion in the form of a smartphone? This Samsung phone version is excellent in all dimensions and you decide to look at it. These latest versions have admirable storage capabilities, speedy processors and a quality screen in terms of size and resolution.
Trading Forex From Your Phone
The major currency pairs traded in the forex market are active, often volatile, event-driven, and, therefore, very vulnerable to economic news announcements that occur throughout the regular hour trading day. The amount that is traded on the forex market every day. Nearly all forex brokers offer mobile applications, and some of the individual broker apps are so popular that traders who don't have accounts with the broker still use its apps. Other popular forex trading apps offer free and easy access to news, price quotes, and charting.
What is Mobile Forex Trading
NetDania Stock and Forex Trader is one the highest-rated and most popular apps used by forex traders because of its ease of use and versatility. The app provides up-to-the-minute forex interbank rates and access to real-time price quotes on stocks and commodities, such as gold and silver—more than 20, financial instruments in all. In addition, the app offers live, streaming charts and the latest market news from FxWirePro and Market News International. It also allows traders to set price or trendline alerts on specific currency pairs, stocks, or commodities, and to customize the menu to suit their personal desires for news and price quotes.
The app is available for iPhone and Android smartphones.
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Trade Interceptor is another popular trading app available for iPhone and Android users. The app provides traders with a host of options, including the ability to trade currency pairs, binary options , and commodity futures through a choice of forex brokers. The interface offers analysis and technical trading tools, including nearly technical chart indicators. Trade Interceptor also provides access to live, streaming price quotes and price charts, including the latest Bitcoin prices.
Traders can set alerts for price levels or news releases, and the app provides access to the daily economic news calendar and real-time market news. There is also a feature that allows traders to do simulated trading and backtest trading strategies using historical price data. Bloomberg offers a number of mobile applications for iPhone and Android, but access to some of these apps requires that the users have current subscriptions to Bloomberg services.
However, even its basic business mobile app is more than sufficient for most traders whose primary interest is real-time access to the latest market news. The app offers access to global financial markets and business news, market price data, and portfolio tracking tools. The menu is customizable, and the app's Watchlist feature lets traders track and analyze their current market positions in currencies, commodities, stocks, mutual funds, and exchange-traded funds ETFs with charts and information summaries.
Mobile Forex Trading
Users can also watch Bloomberg TV live through a streaming video feed. One of the most popular trading apps provided by a broker is TD Ameritrade's thinkorswim Mobile , a full-service trading platform application. Users can access live, streaming charts that they can load with common technical indicators or even chart study tools that the user has created for themselves. For up-to-the-minute business and financial market news, users can access live, streaming CNBC broadcasts.
Active traders can use the thinkorswim Mobile app to monitor their positions, orders and accounts, make account deposits, and modify trading orders or alerts through their smartphones. The myTrade community feature lets users connect and communicate with fellow traders.
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Additionally, investors can test out their trading strategies with the paperMoney trading simulator feature on thinkorswim Mobile.