As long as we can remember, we have hoped for the ability to truly trade Forex completely on our phones (or maybe it is just me). Back in the day, we had to open some painful java charts on a desktop computer and deal with all the glitchiness. I almost didn't want to move the monitor because I was afraid that the charts would reset on me.
Then we moved to laptops with slightly better charting software that you actually installed on your computer. But then those laptops were bulky and you still needed some sort of internet connection (usually dial up through a phone line). Who would have thought that there would be a day when we actually started calling laptops “bulky.”
Now we do almost everything on our mobile phones. But alas, every new charting app offering from brokers and third parties alike, have been pretty much the same ol' same ol'. Limited indicators, slow loading, hard to read charts and no way to measure pips and candlesticks on the chart.
Trade execution has never really been the issue (in my experience). That has usually been pretty good…once you get the darn thing up and running.
No crosshairs, only a handful of indicators and you want more than one chart on the screen? Ha! Good luck with that.
But I can across an app a couple of weeks ago that I consider a huge leap forward in mobile charting. I think that it could make it possible for someone to trade completely on their mobile phone or tablet.
That might not excite some of you, but to people like me who geek out about the notion of being able to travel and not have to take my laptop, that is tremendously exciting. What is this magical app you ask?
I did a full review for Forex Crunch and it goes into what I am using now and all the features of this great new app. It is for iPhone, iPad, Android, Windows Phone and Blackberry…and did I mention that it is free?
Click here to read the full review at Forex Crunch.
What apps do you like to trade with? Let us know your latest find in the comments below!
Disclaimer: Some of the links above may be affiliate links. If I ever do make anything from them, the profit goes towards supporting Trading Heroes and a portion gets donated to my charity partner.
Photo Credit: Laptop
Nancy Perkins says
May 22, 2012 at 9:33 pmAlmost. My issue is the battery life. Apps like these consume a my batteries a lot
Hugh Kimura says
May 22, 2012 at 11:18 pm@Free-Fax True, you might need an external battery.
jjtagle says
May 21, 2012 at 12:33 pmI like to use the FXCM app that my broker has, but to be honest, I can’t trade with the small charts they have on the app and can ‘t really decide on a trade. In the end I still need the charts on my desktop to decipher the trade I want to execute. Charts on my iPhone just keep me up to date on my current trade. Or if I’m stalking a pair I want to trade on.
Hugh Kimura says
May 21, 2012 at 10:05 pm@jjtagle Yeah, it is a little tough. Just depends on your strategy and how many indicators you use. I’m liking the iPad version, that might be the happy medium.