Foreign exchange trading, known as forex or FX, involves the tꦦrading of currencies. The forex markets are the most liquid in the world, making trading opportunities to profit from the changing value of currencies very attractive.

Forex markets trade 24 hours a day, from Sunday 5 p.m. eastern time to Friday 4 p.m. eastern time. Given the active and volatile nature of the global forex marketplace, it's critical for forex traders and platforms to have fast access to market news.

The demand for fast news and easy 🗹access has made smartphone trading apps extremely popular with forex traders. Active currency traders need and want market news, quotes, charts, and their trading accounts at their fingertips at all times.

What to Look for in a Forex App

The major currency pairs traded in the forex market are active, often volatile, event-driven, and, therefore, very vulnerable to political🎀 and economic news that's announced throughout the regular 24-hour trading day.

Nearly all forex brokers offer mobile applications. Some of the individual broker apps are so popular that traders who don't have accounts with the broker still use them. Other popular forex trading apps offer free and easy access to news, price quotes, and charting.

Look for apps that give you the functionality that you need to trade forex effectively. In such fast-paced 𓃲mar♈kets, you may want the edge offered by real-time market updates, advanced analytics and charts, educational tools, and the latest in global market, financial, and business news.

1. NetDania Stock and Forex Trader

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 澳洲幸运5官方开奖结果体彩网:interbank rates and access to real-time price quotes on stocks and 澳洲幸运5官方开奖结果体彩网:commodities, such as gold and silver—more than 20,000 financial instruments in all.

In addition, the app offers real-time 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. Traders can customize the menu to suit their personal preference for news and price quotes. The app is available for iPh🤪one and Android smartphones.

2. Bloomberg

Bloomberg offers a number of mobile applications for iPhone and Android, but access to some of these requires that users have current subscriptions to Bloomberg services. However, ev𓆉en its basic business mobile ap🌺p is more than sufficient for 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. Its ꦫmenu is customizable.

Bloomberg's Watchlist feature lets traders track and analyze their current positions in currencies, commodities, stocks, mutual funds, and 澳洲幸运5官方开奖结果体彩网:exchange-traded funds (ETFs) with charts and information summaries. Users can also watch Blo🅷omberg TV live through a streaming video feed.

3. thinkorswim Mobile

One of the most popular trading apps provided by a broker is thinkorswim Mobile. It's a full-service trading platform that allows Charles Schwab clients to trade currencies, options, futures, and stocks wit🐼h an easy-to-use interface. Users can access real-time charts that they can load with common technical indicators. Traders ca𒈔n even load chart study tools that they created themselves.

For up-to-the-minute business and f💃inancial market news, users can access live CNBC broadcasts. Active traders can use the thinkorswim Mobile app to monitor their positions, orders, and accounts. They can make account d♋eposits and modify trading orders or alerts.

The myTrade community feature lets users connect and communicate with fellow traders. Additionally, investors can test out their trading strategies with the paperMoney trading simulator f😼eature.

The Bottom Line

Forex trading apps allow yo𒁃u to trade currencies anywhere at any time. The best apps offer real-time charts, market news, and technical analysis features to help you identify potentially profitable trades. When considering which app to use, look at the available tools, account minimums, and broker dealer features to figure out which app is right for you.