Choosing a suitable forex trading app for your PC from the plethora of trading applications out there can be rather frustrating. Almost as challenging as figuring out what to have for dessert from a long list of sumptuous options.
While it is important to fully understand the concept of trading and have a successful strategy, it’s also crucial to know the best applications with which you can expertly execute your trades. More importantly is finding out the ones that work perfectly on your monitor.
Seeing that some applications are suitable for specific gadgets than others, we have taken the initiative to put together the ones that works just fine on personal computers(PC).
Of the hundreds of subsisting trading softwares, the following offer optimum performance to users, guaranteeing seamless experience from picking preferred pairs to trade to doing technical analyses of such assets.
More so, they offer numerous benefits to traders including installing new updates, managing clients’ portfolio, and coverage of trending news to put the average trader on the cutting-edge of fundamental developments.
These applications are usable on Windows and MacBook. Let’s take a look at some of these trading softwares right away.
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Olymp Trade is a worldwide brokerage application and platform for foreign exchange trading. One of its key features is its ease of use. It provides a trader-friendly environment, offering several tradable assets.
For individuals looking to kick start their trading journey, Olymp Trade has educational resources stored in its archive. A free demo account is available to anyone wanting to backtest their strategies or get better at trading. Olymp Trade has all the wherewithal a trader needs to grow.
Furthermore, the platform’s interface makes it easy to navigate. It is also open 24/7 to traders.
These are five of the leading trading application softwares available for PC. Whether it’s a MacBook or a windows computer, any of this app is usable on it. To use, download the PC version of the software and set it up, then you are good to go.
TradingView is a software primarily used to keep track of assets on the financial market. Traders use it to monitor price momentum of cryptocurrencies, forex pairs, currencies, stocks, etc. It gives traders insights on possible price actions as well as access to a wide range of technical tools – indicators, drawing tools, and a chart.
The market data provided ensure that traders have real-time information at their disposal in order to make informed trading decisions. Experienced users use tradingview to improve their trading experience.
Additionally, its interactive features allows users access to a network of trading aficionados. This community of like-minded people exchange ideas such as trading strategies, analyses and help each other out where necessary. Looking through other people’s columns or posts and engaging in group discussions aids in facilitating learning.
Traders also share real-time insights and analyses on market actions using the live-stream feature. This allows users to interact and ask clarity on whatever they find fuzzy. TradingView is a valuable software for traders and investors, irrespective of their skill level or interest.
3. MetaTrader 4
MetaTrader 4 is an application that offers foreign exchange traders trading opportunities. It is popularly used among retail forex traders. Its leading analytical and trading components makes it a preferred alternative for forex trading.
The system enables traders to execute any form of trade. One special feature of MT4 is its ease of use. It has several tools that makes trading convenient and flexible including instant trading action, a chart, market and pending orders, stop order, a tick chart, trading history, and trailing stop.
MetaTrader 4 is known for is powerful analytical functionalities. Traders use the interactive charts and online quotes to quickly respond to changes in price.
It has up to thirty innate technical indicators and twenty-three analytical tools. However, this is just the beginning. With these tools you can spot any change in the market and react accordingly.
4. MetaTrader 5
MetaTrader 5 is the latest in the MetaTrader series produced by MetaQuotes. It is more efficient and faster compared to its predecessor.
MT5 has more tradable pairs in almost every aspect of the financial market – forex, indices, cryptocurrency, and stocks. Unlike MT4, MT5 is not restricted to forex trading.
As an enhanced version in the MetaTrader series, it has more analytical functionalities. While MetaTrader 4 has 30 indicators, MetaTrader 5 has 38. Other tools include 44 graphic cards and 21 time-frames.
In addition, MT5 comes with an economic calendar with which users track crucial financial reports and project potential price movements.
Leading social trading platform, eToro, allows users to trade more than 1000 assets in the financial market. Its ease of usage, innovative trading capabilities, and smart interface make up its unique features. The platform records 140 million net users as of now.
Whether you’re a newbie or an experienced trader does not matter to eToro. Privacy protection is one of the core policies of the platform. This makes it a suitable place to build your portfolio and invest in several financial instruments.
Also, traders have access to simulated trading to improve their trading skill and make better trading moves. Infact, you can trade popular ETFs and US stocks on eToro without paying commission.
Some of its inbuilt features include a user friendly interface, strong security, $100,000 for demo trading, analytic tools, and charts.