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5 Most Useful Android Apps For Forex Trading

If you have an Android device, this post will show you 5 of the top apps for Forex traders. These apps will make it easier for you to trade, help you get important news and much more. Find out which ones I recommend.

Home / Trading Tools and Resources / 5 Most Useful Android Apps For Forex Trading

By Hugh Kimura

Last month, I shared my favorite iOS Forex trading apps.  Today, I'm going to share my picks for the top Android Forex trading apps.

Since I don't actually own any Android devices, this list is based on research or using the iOS version.  But if you are an Android fan and a Forex trader, then this list is for you.

5.  Bloomberg

bloomberg-screenshot

Bloomberg is one of my favorite news sources and I like their mobile app.  In addition to worldwide news, you can easily see the performance of various worldwide markets, just by looking at their “Markets” tab.

4.  Kindle Reader

kindle-google-1

I love Kindle books because they take up no physical space and I can take my library with me anywhere I go.  The Kindle reader app should be a staple for you if you use Android.  Easily access your trading books when you are on the train or waiting for a doctor's appointment.  The application is well built and is highly rated.

For some people, it might take a little getting used to, if you usually read physical books.  I'm at the age where most of my friends prefer reading paper books, so I understand if you feel the same way right now.  All that I suggest is that you give it a chance.

SEE ALSO: 19 Powerful Positive Affirmations for Traders

You might be surprised and you will be able to clear out a lot of space by getting rid of your paper books and converting to electronic versions.  And you save some trees by not buying the paper version in the future. 🙂

3.  Evernote

When it comes to keeping notes, there isn't anything better than Evernote.  Access your trading notes, your trade journal or your shopping list. It is amazing how simple and powerful the concept behind Evernote is.  Here a video of the Android app in action.

2.  Oanda fxTrade

fxtrade-reviews
Yes, my favorite broker has an app that is also available on Android.  As you can see from the ratings above, it is a good app.  I noticed that there were some requests to be able to calculate profit and loss on the order entry screen, like with the java version.

SEE ALSO: The Trading Books That Changed My Life

Something that I totally agree with.  Otherwise, it is a solid app and has been working well.

1.  TradeInterceptor

trade-interceptor-google

Of course, since TradeInterceptor is my favorite app on iOS, it will also be my favorite app on Android.  In my opinion, it is light years ahead of other charting platforms like Metatrader and a lot of the broker apps.  I wish that there was a way to add indicators and do custom trading signals, but otherwise, it is excellent.  Hopefully, they will come up with something soon, but it is more difficult with a mobile app.

Conclusion

Next time, I share my favorite Windows Phone and Blackberry Forex trading apps.  NOT!  Who uses that crap anyway?

Seriously, just like in trading, use whatever technology works for you.  If you read my last post on iOS apps, you will see that the apps that I like are exactly the same for iOS and Android.  I think that this is really a testament to how good both of these platforms are.  I really wanted to find Android apps that were different, but I didn't see any reason to go beyond these.

As an interesting side note, TradeInterceptor is available on Blackberry, but not on Windows Phone.  The same thing goes for the Oanda app.  The other apps have versions for all 4 platforms.  This may be a consideration for you, if you are considering getting a Windows Phone.

But if you have any other Android apps that you like, please share them in the comments below.

 

Photo: Android (Flickr – rbulmahn)

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Category: Trading Tools and Resources Tag: Trading Mobile Apps

About Hugh Kimura

Hi, I'm Hugh. I'm an independent trader, educator and researcher. I help traders develop their trading psychology and trading strategies. Learn more about me here.

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First posted: November 12, 2013
Last updated: March 9, 2020

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CFTC Rules 4.41 - Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Testimonials appearing may not be representative of other clients or customers and is not a guarantee of future performance or success.

 

 

 

 

 

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