The Best Android Apps for Forex Traders
The forex market is a fast paced environment that has no mercy on the unprepared and ill-equipped. If you have an Android device and want to ensure that you can place trades, exit orders and make modifications while you are on the go you will do well to install and use these Android forex trading applications.
Android mobile forex trading apps won’t give you all the resources of a large desktop system, but they can be quite handy for mobile trading tools.
We searched various Android databases and resources to find the best FX Trading applications for Droid smart phones. The roundup includes those that have the highest user rating, the best feature-set and have the highest download and usage numbers among all forex trading apps that are widely available.
View up-to-the-minute foreign exchange rates for over 160 currency pairs and commodities. FxWare also has a pocket travel guide, a tip calculator and forex charts. While the app is free there is a upgrade option that allows access to market news and a currency trading demo account.
Oanda FxTrade for Android
FxTrade is rated among the top 10 online forex trading application and platform. Oanda offers tight spreads; one-tap trading; over 54 currency pairs; a live interbank rate feed and charts in landscape and portrait views.
The app can be used to enter limit orders, set take profit levels, trailing stop loss and lower and upper bounds. Those who are looking for a great automated trading system or robot will have to look elsewhere though.
US Economy Android App
It is not a good idea to trade currencies in a vacuum, you must keep an eye on the macro-economic fundamentals, even if you are a dedicated technical trader. US Economy Droid App has graphs and charts of significant economic data for the US and the global economy.
The app is updated in real-time and provides info on: the US national debt, the deficit, stock indices, S&P 500, mortgage rates, inflation, housing, currency, and more. The US Economy data and statistic app is free.
Exchange Rates Android App
Whether you are an active currency trader or a world traveler, you will appreciate the convenience of being able to convert any world currency to your local currency at anytime. You can also invert the currency pair representation to make them easier to read/understand.
There is also an offline feature you can use to get approximate rates even when you have no data service on your phone.
exchange rates. The app supports over 160 currencies and provides updates on a daily basis. Notable features include: home-screen widget, historical charts, historical currency converter, tracking for multiple currencies, currency inversion charts, offline access and automatic exchange rate updates.