Traders nowadays can access financial markets 24/7 with ease. Investment is now available on the trading platforms, which are exploited by all retail traders around the globe. Before stepping into the live trading, the investor has to practice for some time. Special mobile apps seem to be a perfect solution for this, apart from trying the demo account. However, it is also possible to find many apps that tend to increase the efficiency of trading. These apps are risk-free programs that can be installed on different mobile devices. They are fully compatible with Android, iOS and Windows. Let’s view the best mobile apps for online trading in the year 2016.
Bloomberg Business App
All investors, traders and other people involved in the business activity know about Bloomberg. With Bloomberg Business app, the users get the latest financial and business news at their fingertips. Advanced market price data and portfolio tracking tools are additional facilities available on this application. The news is not only available in the form of articles, but also the app has inbuilt streaming video feed to watch Bloomberg TV.
Another fascinating feature is the customization. Yes, you can change the menu design according to your preferences. Traders can also track their open positions in stocks, FX, commodities, ETFs, mutual funds with all the necessary information plus charts.
NetDania Forex and Stocks
NetDania deserves to be on the list of top Forex trading apps, as it was well received by the trading community. So what is hype around NetDania? The application provides real-time FX interbank rates, shows live price quotes on more than 21,000 financial instruments that include commodities, stocks, currencies and so on. To keep the user up-to-date, NetDania offers the charts on the online stream and also has the special news feed. It is also possible to enhance trading by setting price alerts on the particular stocks, currency pairs and commodities. Just like Bloomberg Business App, NetDania has a customizable menu.
This app is specially tailored for beginner investors. TradeHero has a lot of opportunities to learn more about financial markets, particularly investment in stocks. TradeHero is the app that simulates real stock exchanges thus providing users with opportunities to improve their skills or test different investment strategies. How does it work?
Well, each TradeHero user gets virtual cash worth up to $100,000. users create their own portfolios with various stocks. As the bonus feature, it is possible to compete with other users for the first places in the leaderboards. The award for the best trader is the real money prize.
With the help of TradeHero you can get in touch with other users. More experienced traders can give a lot of useful tips, but if you want to watch some tutorials – then welcome to the video section of TradeHero.
The Bottom Line
There are hundreds of apps for online trading, but these 3 programs stand out in their own ways. Each app can improve the quality of your trading.