Guide To Smartphone Forex Apps: Forex Analysis Apps

Most forex trading apps include some level of analysis functionality, such as technical analysis tools or an economic calendar, but they aren't necessarily the best options out there for researching the markets. Mobile apps that specialize in analysis of specific types of data can help provide greater insights to augment your mobile trading.

Basic features of various apps

• Forex Calendar - Forex Calendar is a news and events calendar app that helps you keep track of important financial announcements. In addition to notifications, reminders, and historical data, the app lets you compare how published data differed from the forecast data to see how the market might react to the news. App Store | Google Play
• Trade Optimizer - Trade Optimizer is a paid app that provides various calculators for position sizing and risk management. Built by professional traders, the app is invaluable for setting the proper stop-loss and take-profit points, as well as for optimizing position sizes based on the risk-to-reward ratio. App Store
• Bloomberg - Many of Bloomberg's tools are only accessible to subscribers to Bloomberg Terminal, but the Bloomberg News app is a free resource with access to news from around the world. While not all news applies to the forex markets, the tool can be invaluable when looking for insights into market moving events. App Store | Google Play
• Forex Hours - Forex Hours is a simple app that lets you see when markets are open and active around the world. This information helps you see what currencies are most likely to be active at what times, as well as when to place trades to maximize liquidity. You can also setup helpful alerts to notify you when markets open. App Store | Google Play