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What things should I look for in a trading app?

A good trading app is one that is fast, reliable and easy to use, and suits your individual trading needs. The app should be stable and secure. The reputation of the broker that is providing the app is also important.

A lot of traders rely on their apps to instantly react to fast-moving market prices when they are away from their desktop computers. Your app should therefore also offer a range of trading tools and charting features.

Do trading apps provide a full trading experience?

Most trading apps offer a full trading experience. You can open, close and manage your live trades, as well as analyse the markets using a range of trading tools and resources.

A large number of trading apps are available in the market. A good trading app should provide you with:

· Real-time price feeds.

· Charts and other trading tools that enable you to make better-informed trading decisions.

· News feeds on companies and market trends.

· Risk management orders so you can better protect your trades if prices move against you.

Some trading apps even enable you to automate your trades through expert advisors.

Do mobile trading apps offer the same range of markets as desktop platforms?

Most mobile trading apps allow you to trade across the same range of instruments and asset classes as desktop platforms. You can speculate on a wide range of forex pairs, commodities, indices, stocks and bonds.

Using a trading app, you can buy or sell thousands of instruments and react to fast-moving market prices even when you’re on the move.

Some trading apps let you spread bet (UK only) and trade CFDs on the financial markets – a form of financial derivative trading. This form of trading enables you to speculate on rising as well as falling markets. This means you can net a potential profit even when prices are on the decline.

What charting tools are available?

There are many charts that traders can use to analyse the markets. Some of the most popular are line, bar and candlestick charts:

· Line charts. This is the most basic type of chart. It only shows the closing price of an instrument and not the opening price, trading range, highs or lows.

· Bar charts. This gives you more detail than a line chart. It consists of a sequence of bars. Each bar shows the opening and closing price for the date range you have chosen, as well as highs and lows for each day during that period.

· Candlestick charts. This is very much like a bar chart and shows the same indicators. These charts use different colours to show whether the closing price was higher or lower than the opening price, making the chart easier to read.

Signals and notifications

A good trading app will offer a range of trading signals and notifications, so you don’t get caught out by sudden price swings in the market. Traders can also take advantage of a range of risk management orders to protect their trades. These include stop losses and guaranteed stop losses, take-profit orders, push notifications and more.

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