As a beginner in the forex world, you should think about choosing a forex trading app. There are plenty of resources at your disposal – the thing is to find the right one for your personal goals.
Don’t worry as now we will explore some of the best forex trading apps that can be useful for you as a beginner in this financial market.
Forex Trading Apps For Beginners
When choosing a forex trading app, take into account 2 factors: support and cost. Look for the options with tutorials and live customer support. Also, check if the app offers practicing on a demo account to learn how things going without risking real money. Lastly, compare fees – some charge per trade, others have monthly or annual subscriptions.
Now when we introduce you to some basic, let’s explore the trading apps on our list.
1. HFM
A mobile application created by HFM called HFM Trading App is available for both Android and iOS users. If you’re just getting started with trading, download it through the Google Play Store or the App Store, and open either a demo or a live account on the HFM platform to begin your trading journey.
The HFM Mobile Application significantly enhances the trading experience by offering a wide array of features. It provides access to more than 30 technical indicators and 24 analytical tools, which can be quite helpful, especially for beginners. It also serves as a valuable resource for market insights and financial analysis. You can monitor live rates for various assets, including forex, commodities, and stocks, from anywhere.
You can currently use the Premium account in the HFM App to easily manage all your trading accounts from within the application.
According to our recent research, the HFM online trading app is considered the top choice for 2023.
Rating: 5
2. AvaTrade
The AvaTradeGO trading app provides a user-friendly experience, offering a variety of tools to assist you. The app features a clear dashboard that includes advanced functionalities. It assists you in setting up trades, offers feedback on your trading actions, and provides user support. Additionally, it allows for the convenient management of multiple MT4 accounts and easy switching between demo, real, and variable spreads accounts.
Rating: 4.9
3. LiteForex
Besides providing one of the most popular trading platforms, LiteForex offers an excellent trading app. It deals with forex or CFD trading easier than ever and all the processes can be done directly from your phone. The trading app has an intuitive interface and real-time quotes alongside technical analysis tools. It includes trading platforms for both iOS and Android, offering alerts, push notifications, and complete control over your trading account.
Combining these features will make an excellent option for traders seeking to profit from the financial markets.
Rating: 4.9
4. Capital.com
The trading app by Capital.com employs an AI-powered system to recognize various cognitive biases that may impede traders from making profitable decisions.
It’s a free and user-friendly app compatible with both iPhones and Android devices, and it also supports the MT4 version, ensuring you can keep track of your trading activities from anywhere. You gain access to over 3,700 global markets and can easily trade shares of major companies, indices, and popular currency pairs through it.
Rating: 4.8
Conclusion
Entering the Forex market as a beginner can be complicated enough. However, a trustful trading app can simplify things, providing not only the fundamental trading knowledge but also the essential tools to start your trading journey with maximum confidence. Remember to compare different apps and conduct your research to select the one t
hat fits best with your needs and goals.
