FXCM has launched a brand new app store that caters to US and UK forex traders alike. The new forex trading app store is a unique platform in the retail industry that allows traders to download custom applications for the FXCM Trading Station. There are apps for all types of traders; trend traders, breakout traders, etc. Sameer Bhopale, chief marketing officer of FXCM was quoted saying, “It is about customizing the user experience.” FXCM Apps is meant to cater to the uniqueness of each trader.
What Apps Are Available in the FXCM App Store?
There are three types of app in the store. Apps for Metatrader 4, Standalone apps and Trading Station Desktop apps. There is also an option to request a custom app that can be designed just for you.
Metatrader 4 Apps
Apps for Metatrader 4 include expert advisors, indicators and scripts. For example, the Bolinger Bands range trader expert advisor buys and sells depending on the relationship of the instrument’s bid price and the Bollinger Band indicator’s value. The expert advisor will place trades based on rules and metatrader 4 is one of the most popular robot trading platforms. These Metatrader apps will only work with FXCM Metatrader 4 software and you must open an FXCM account to use it. There is also a 24-Hour Trend Indicator. The 24-Hour Trend Locator displays the one minute, five minute, 15 minute, 30 minute, one hour, and four hour trend on a chart. With a quick scan of the indicator you can see if the trend is up, down or sideways. Five commonly used technical indicators are used, independently, to determine the trend. An example of a free script available in the app store is the close all orders script which will close all open orders in your account.
Standalone apps are also available for general trading, analysis/reporting and utilities. There is a news alerter that will notify you before a news release is scheduled to occur. You can specify which events you are interested in and how far ahead of the release time you would like to be notified. In addition to email alerts, the app also supports popup and sound alerts. Money managers in the US can now use the Money Manager Report Generator which is specifically beneficial for money managers in the United States who are required by the National Futures Association (NFA) to maintain daily/monthly statements for all their clients.
It will be nice to have all of these apps to enhance and customize my trading experience with FXCM.
Open an account now with FXCM and start grabbing apps today! Right now you can get $225 worth of apps free.
FXCM’s UK subsidiary, Forex Capital Markets Limited, offers Contract for Difference (CFD) products with no re-quote trading and allows clients to trade forex, oil, gold, silver, and stock indices on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.
Trading forex/CFD’s on margin carries a high level of risk, and may not be suitable as you could sustain a total loss of your deposit. Leverage can work against you. Do not speculate with capital that you cannot afford to lose. Be aware and fully understand all risks associated with the market and trading. Prior to trading any products offered by Forex Capital Markets, LLC, FXCM Securities Limited, Forex Capital Markets Limited, inclusive of all EU branches, FXCM Asia Limited, FXCM Australia Limited, FXCM Japan Securities Co. Limited, any affiliates of aforementioned firms, or other firms under the FXCM Inc. (NYSE:FXCM) group of companies [collectively "FXCM"], carefully consider your financial situation and experience level. If you decide to trade products offered by FXCM Australia Limited (AFSL 309763) you must read and understand the Financial Services Guide and Product Disclosure Statement. FXCM may provide general commentary which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. FXCM assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on FXCM’s website prior to taking further action.