The Top 5 Most Useful Android Apps For Forex Trading

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 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

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.

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

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.

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

1.  TradeInterceptor

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)