Forex trading is arguably the most popular type of online trading. As currencies are being exchanged around the world, demand for certain currencies goes up. There are millions of currency exchanges happening at an instant. This provides space for people to trade currencies online. One currency is exchanged for the other and one makes a profit or a loss depending on the demand for the currency which they initially held. Forex trading often involves trading with currency pairs. For instance, you could trade with a USD/EUR pair or a USD/YEN pair. It all depends on which currency you are comfortable with.
The global forex market involves a large number of exchanges. As such, players who engage directly in the market must have a large capital. Traders with low capital amount can steal engage in the market but through a forex trading broker. As a result of the many people interested in forex trading, many forex trading brokers have sprouted. Each broker offers a specific kind of trading platform and various trading tools and resources. It is important that you ensure the forex trading broker you choose to engage with provides you with an environment that allows you to trade successfully. Making profits on forex trading involves being able to profit more from your trades. There are risks involved in the global forex market and it is impossible to always end up with profitable puts or calls. You can make profits if you have your strategies right though.
We sent out our forex trading experts to explore the various forex trade brokers available. Our experts explored the various tools and resources provided by these brokers. In particular, they explored the trading platforms offered by the various forex trading brokers. Trading apps have become very popular in recent years. People are able to engage in the forex market, while on the move through forex trading apps on their mobile devices. IQ Option was found to be the forex trading broker with the best forex trading app. Below we explore some of the reasons that might have informed this conclusion.
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My Recommended Brokers Updated May 2019
|Broker||Min Deposit ($)||Min Stake ($)||Max Payout (%)|
|IQ Option||10||1||95||1st Choice|
|Olymp Trade||10||1||92||2nd Choice|
IQ Option is one of the biggest forex trading brokers in the industry. IQ Option is operated by a company called IQ Option Ltd, based in Cyprus. Apart from forex trading, it offers trade with many other instruments, as well as binary options trading. There are over 17 million people trading on IQ Option with different instruments. Forex is one of the instruments that attracts many traders to IQ Option.
One of the reasons why IQ Option is very successful is its user-intuitive trader platforms. IQ Option operates a desktop app, a web-based platform, and a mobile app. All these platforms are optimized to ensure the trader has a seamless trading experience. The desktop app is the ultimate trading platform for IQ Option. It is the best forex trading app for beginners.
The IQ Option desktop app is easy to download and install. There is a version for Mac OS and another one for windows. The desktop app ensures that you save your information on your computer instead of online keeping it away from unscrupulous characters on the internet. The platform is quite similar to the web-based platform. It allows you to access all kinds of trading accounts that IQ Options offers, including the demo account. You can easily switch between the demo account and real account on the app. It has the best forex trading app demo account.
The IQ Option desktop app comes with all the trading tools and resources offered by IQ Option. The desktop app has various technical indicators that could be used to analyze the market and make predictions. You are able to access technical indicators such as MACD, MA and many others. One of the most impressive aspects of the desktop app is the ease of navigating between various sections of the platform. You can open up to 9 analysis charts on the same screen. This allows you to be able to analyze the markets quickly and make split-second decisions. At times, while trading forex being able to swiftly react to market trends is very essential. It can be the difference between your and next loss or profit. IQ option has the best app to learn forex trading.
The IQ Option mobile app is just as impressive as a desktop app. There is a version for iOS and Android platforms. IQ Option offers the best forex trading app for the iPhone. You can easily download the app from the Apple store or Play store depending on which operating system you using. The mobile app also comes with all the features that are available on the desktop app.
The only shortcoming is that the mobile app often used on devices that have small screens. As such, you may not be able to view various chats or pages on the same screen. That poses a little bit of a navigation challenge, which you are able to overcome once you get used to the app. The main advantage of having the mobile app is being able to trade while you are on the move. Many people place trades while on their desktops and then use their mobile apps to monitor the trades while they are on the move and make any necessary adjustments. It is indeed the best mobile app for forex trading.
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