FX on the move: Apps are changing forex forever

This sponsored post is produced by CMC Markets.

Trading the financial markets has become more and more popular in recent years, as the internet has made forex accessible to everyone. Recently however, apps have begun to emerge which make the market available anywhere. With forex open to trade for 24 hours a day, 5 days a week, opportunities are almost endless.

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For those that don’t know, the forex market is the most liquid market in the world, where anyone from private investors to multinational banks can trade and speculate on currency in order to make a profit. It’s a relatively simple concept, but the systems of trading and analysis can be as complex as you like.

Most traders use a computer-based trading platform from which they can track and analyse markets, and carry out their business. Now however, brokers are making apps available for smartphones and tablets, so that their clients can access their accounts from anywhere while they’re on the go.

The apps are surprisingly comprehensive, and include the following functions:

• Observe and trade live currency prices
• Streaming forex news
• Customisable analysis charts
• Risk management

In fact, just about anything that a desktop platform can do is available on an app. This includes complex graphs and data which look particularly good on smartphone screens. Traders thought they had it good when they could trade the markets on a laptop, but this really is revolutionary. Trading is now available literally anywhere the internet is.

The apps are so comprehensive that you could theoretically do all of your business through your phone, with no need for desktop software. And as you’d expect from a premium sector, these apps are extremely high quality too – being fast, intuitive and loaded with features. What’s even better is that they’re usually free to account holders.

CMC Markets offer apps for the iPhone, iPad and Android devices, making the forex market accessible to just about everyone.