The world of forex trading can be overwhelming for beginners. With its complex terminology, fast-paced nature, and constant market fluctuations, it’s essential to have the right tools and resources to navigate this vast market successfully. Thankfully, there are numerous trading forex apps available that can help beginners get started and make informed trading decisions. In this article, we will explore the 10 best trading forex apps for beginners in 2021.
1. MetaTrader 4 (MT4)
MetaTrader 4 is one of the most popular trading platforms in the forex market. It offers a user-friendly interface, advanced charting tools, and a wide range of technical indicators. MT4 also provides access to real-time market data, allowing beginners to monitor currency pairs and execute trades effectively.
2. MetaTrader 5 (MT5)
MetaTrader 5 is the successor to MT4 and offers additional features and capabilities. It provides access to a broader range of financial markets, including stocks and commodities, in addition to forex. MT5 offers enhanced trading tools, such as depth of market and economic calendar, making it a valuable app for beginners looking to diversify their trading portfolio.
3. eToro
eToro is a social trading platform that allows beginners to copy the trades of experienced traders. It provides a user-friendly interface and a vast community of traders to interact with. eToro also offers a wide range of educational resources, including webinars and tutorials, making it an excellent choice for beginners looking to learn from others.
4. TradingView
TradingView is a powerful charting platform that offers a wide range of technical analysis tools. It allows beginners to analyze currency pairs and other financial instruments using various chart types and indicators. TradingView also provides a social community where traders can share ideas and strategies, making it a valuable resource for beginners looking to learn from others.
5. OANDA
OANDA is a well-established forex broker that offers a mobile trading app with a user-friendly interface. It provides access to real-time market data, customizable charts, and a range of technical indicators. OANDA also offers educational resources, including video tutorials and webinars, to help beginners improve their trading skills.
6. Forex.com
Forex.com is another reputable forex broker that offers a mobile trading app for beginners. It provides access to a wide range of currency pairs, real-time market data, and advanced charting tools. Forex.com also offers educational resources, including trading guides and video tutorials, to help beginners understand the forex market better.
7. IQ Option
IQ Option is a popular trading platform that offers a mobile app for forex and other financial instruments. It provides a user-friendly interface, real-time market data, and a range of technical analysis tools. IQ Option also offers a demo account for beginners to practice trading without risking real money, making it an excellent choice for those starting.
8. XTB
XTB is a forex and CFD broker that offers a mobile trading app with a range of features for beginners. It provides access to a wide range of financial instruments, including currency pairs, stocks, and commodities. XTB’s app also offers educational resources, including video tutorials and trading guides, to help beginners learn the basics of forex trading.
9. Plus500
Plus500 is a popular trading platform that offers a mobile app for forex and other financial instruments. It provides a user-friendly interface, real-time market data, and a range of technical analysis tools. Plus500 also offers a demo account for beginners to practice trading, making it an excellent choice for those starting.
10. IG
IG is a well-established forex and CFD broker that offers a mobile trading app for beginners. It provides access to a wide range of financial markets, real-time market data, and advanced charting tools. IG also offers educational resources, including trading guides and video tutorials, to help beginners improve their trading skills.
In conclusion, these 10 trading forex apps offer a range of features and educational resources for beginners to start their forex trading journey. From user-friendly interfaces to access to real-time market data and educational resources, these apps provide valuable tools to help beginners make informed trading decisions. Whether you choose a social trading platform like eToro or a charting platform like TradingView, these apps will undoubtedly assist beginners in navigating the complex world of forex trading in 2021.
