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Forex trading apps - Did you know that there are many opportunities and potential profits in the forex market that you can take advantage of? Now, this is made easier by a large selection of Android or iOS-based applications to support trading and investment activities.
Here are the best forex trading apps that can be used for beginners and experienced traders alike. Before that, register to enjoy the features of GIC and trade with us!
Here are the best forex trading apps that can be used for beginners and experienced traders alike. Before that, register to enjoy the features of GIC and trade with us!
Table of Contents
There are Various Forex Trading Apps You Should Know
A forex trading app is a mobile application that allows you to trade or obtain information that can help you to be more careful in making selling or buying decisions on certain forex pairs.
It is not surprising that forex trading applications are now a 'close friend' for traders and one of the supporting factors in seizing opportunities in the forex market. While there are so many apps available out there, not all of them have features that you can rely on for trading.
Through forex applications, you will usually get the convenience of reading price movements and profit opportunities that you can achieve faster and easier in real-time. With this application, you don't have to constantly monitor, analyze and determine where you need to open positions to make a profit from forex trading.
It is not surprising that forex trading applications are now a 'close friend' for traders and one of the supporting factors in seizing opportunities in the forex market. While there are so many apps available out there, not all of them have features that you can rely on for trading.
Today's forex trading applications, whether Android or iOS-based, are divided into two options, namely forex broker trading applications and non-broker applications.
A forex broker trading app is an application provided by a broker or brokerage firm to help maximize the trading performance of each customer, if using an app from a forex broker, make sure you choose the best forex broker that is trusted and regulated. While non-broker applications are applications that are provided by non-brokerage companies or are usually developed by individuals or groups.
What are the best forex trading apps for beginners and experienced traders?
1. forex trading app: Metatrader 4
Sumber : Google
Metatrader 4 or better known as MT4 is the most widely used forex trading platform in the world and is still the best forex trading app of 2021. MT4 was developed by the company Metaquotes Software Corp and was released in 2005.
MT4 is not only available as software for PCs or laptops, but also in mobile versions either Android or iOS and can be downloaded and installed on your smartphone. This one application can be applied in various OS (Operating System).
MT4 is not only available as software for PCs or laptops, but also in mobile versions either Android or iOS and can be downloaded and installed on your smartphone. This one application can be applied in various OS (Operating System).
In the MT4 trading app, traders can follow price movements, perform analysis, and execute orders within the app.
The main advantage of MT4 lies in the development and application of trading algorithms. Automated trading on MT4 can be developed by forex brokers, traders, or third parties.
MT4 also allows forex brokers to provide trading signals directly to the platform. Not only that, the installation of expert advisors or forex trading robots can be done easily on the platform and will automatically run on the MT4 application on mobile devices.
Traders can also create their own automated trading system with the MQL4 programming language.
These advantages of MT4 make this application widely preferred by traders and almost all forex brokers definitely provide MT4. MetaTrader 4 is also the most popular Indonesian forex trading application.
2. forex trading app: Metatrader 5
Source : Google
Metatrader 5 or MT5 is the latest forex trading platform released by Metaquotes Software Corp which was released in 2010, MT5 has a variety of additional features that MT4 does not have, such as a timeframe of 21 instead of 9, a separate economic calendar, and an integrated marketplace.
MT5 is also available in a mobile app version. However, many forex brokers and traders prefer to use MT4 over MT5, as expert advisors and custom indicators built with MQL4 cannot be used on MT5.
If a trader wants to trade with the same automated system, he will have to rewrite the program with MQL5 because the trading system relied on on MT4 cannot be used on MT5.
The default settings of MT5 are based on the rules of the United States regulator, NFA, which prohibits hedging by implementing FIFO (First In First Out).
This is detrimental to traders who use hedging strategies, especially hedging in a pair and for this reason, most MT5 users are traders who have not used MT4 before.
Also read :
|
The Difference Between MetaTrader4 and 5 You Should Know! |
|
Check out every way to use MetaTrader 5 for PC and Android! |
|
Getting to Know the Types of Trading Apps You Need to Know |
3. aplikasi trading forex: ThinkTrader
Source : Google
The next best forex trading app is ThinkTrader or formerly known as Trade Interceptor. If you are looking for or want to try out a trading app that has advanced forex analysis and trading tools and complete charts, but is still easy to use for beginners, then ThinkTrader is the answer.
You will also be presented with 10 types of price charts, ranging from bars to candlesticks. In-app deposit and withdrawal functions are also available as long as your account is verified.
After being taken over by ThinkMarkets, the app underwent a rebranding as ThinkTrader in 2017. Sejah was launched, this application added forex, stocks, cryptocurrencies, and commodities trading features.
Traders can also access technical analysis tools as well as live charts for most forex pairs, precious metals, cryptocurrencies, and more than 1000 stocks through the app.
You will also be presented with 10 types of price charts, ranging from bars to candlesticks. In-app deposit and withdrawal functions are also available as long as your account is verified.
ThinkTrader also provides a built-in news portal if you need actual information about financial news.
The app also provides a one-click position closing and opening feature so that traders can close all positions and all positions can also be run with one click.
4. FXTM
Source : Google
The FXTM app is used in more than 180 countries around the world and is developed by the FXTM broker. Interestingly, this application is designed for experienced traders or beginners, so it can be used by various groups.
The information display on the FXTM Trader app page is also designed to be easy to read by presenting balance, margin, profit and so on. To complement the conveniences that have been provided, there is also a one-click execution feature.
This will further increase efficiency for traders who need speed in trading. The app also has features that will provide market analysis from experts so that you can make the right trading decisions.
5. Hanson Forex Investing
Source : Google
Hanson Futures is a Forex Trading company specializing in trading futures, energies and Stock Indices and foreign currencies.
Hanson Forex operates directly under BAPPEBTI, ICDX (Indonesia Commodity & Derivatives Exchange), ICH (Indonesia Clearing House) and is a member of the Exchange.
This application was developed in 2018 and has received quite a lot of good ratings because it has complete features and combines trading features and news information in the application.
6. GIC, the Best Forex Trading App in Indonesia!
Global Investa Cakrawala is a trading company established in Singapore. GIC is suitable for beginners as well as professionals. GIC's app is called GICTrade, the platform has many products that can be used by traders.
GIC is a platform that uses a blockchain system so that transactions will be safer and more transparent. The platform is also safe for beginners because it has some products specifically for beginners.
Still unsure about opening a live trading account?
If you are a beginner trader and are still hesitant to make a deposit, this is certainly natural, psychologically you are not ready to trade or invest. GICTrade is a forex trading platform owned by GIC. This forex trading platform brings together traders and market makers.
You as a prospective customer can certainly choose between the two, namely becoming a trader or a market maker. In addition, GIC also has a GIC Social Trade feature. By using the Social Trade feature, you as a trader can become a follower who can follow the actions of the masters in trading, either through copy trading (following the trading actions of the masters) or reverse trading (doing the opposite action, for example: the master buys, you sell).
You as a prospective customer can certainly choose between the two, namely becoming a trader or a market maker. In addition, GIC also has a GIC Social Trade feature. By using the Social Trade feature, you as a trader can become a follower who can follow the actions of the masters in trading, either through copy trading (following the trading actions of the masters) or reverse trading (doing the opposite action, for example: the master buys, you sell).
This feature makes it easier for beginner traders to still be able to learn forex trading but still make a profit. By opening a demo account on GICTrade, you will instantly learn and get acquainted with the MetaTrader 5 application because GICTrade uses the MT5 forex trading application to make transactions. Let's learn forex trading from now on!
FAQs (Frequently Asked Questions)
1. Do I need to have a financial background to start forex trading?
No, there are many platforms and educational resources that can help beginners understand the basics of forex trading.
2. What is the recommended capital to start forex trading?
Starting capital can vary, but many platforms allow you to start with a relatively small amount.
3. Is forex trading suitable for everyone?
While suitable for many people, forex trading involves a high level of risk and is not suitable for everyone. You need to understand the risks involved.
4. Is the forex trading app accessible via mobile devices?
Yes, most of the best forex trading platforms offer mobile apps to make it easy to trade while you're on the go.
5. How to manage emotions when experiencing losses in trading?
It is important to stay calm and follow your trading plan. Don't let emotions take over your decisions.
Source :
Finansialku.com https://www.finansialku.com/aplikasi-trading-terbaik/
Id My Best.com https://id.my-best.com/139360
Investbro.id https://investbro.id/aplikasi-trading-forex-terbaik/
Seputarkerja.id https://seputarkerja.id/aplikasi-trading-forex-terbaik/
