When you’re new to forex, you want to find tools that can help keep you safe and trading comfortably. We’ve bundled what we think are the some of the most helpful apps to get you started in the market.
The first thing you want to do is manage your trade risk. With the Risk Management indicator, you decide what percentage of your account you want to risk on any given trade. The indicator then gives you:
Once your per-trade risk is managed, you want to maintain control of your overall account, so you don’t over-leverage. How much of your overall account balance do you want to risk at any given time? With the True Leverage indicator, you get:
Leverage is a double edged sword and can significantly increase profits as well as losses.
Now you need trade ideas. Many traders turn to the DailyFX Economic Calendar. With the DailyFX News add-on, you get:
Want to see where other traders are in the market? The Speculative Sentiment Index is a ratio of buyers to sellers. With the SSI Snapshots indicator, you get:
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.
These apps are only compatible with FXCM’s Trading Station Desktop. An FXCM account (or demo) is required.
We can customize any app to meet your trading needs. All you need to do is tell us what you’re looking for and we'll help you build the perfect trading app.