The Best Apps For Bored Forex Traders This Christmas
So the holidays are finally upon us, which for most of us means a slow down or break from trading. While the markets are still there, the liquidity is not and there is no more a perfect time to take a few days out to let the family know you are still alive. But just because the markets have slowed down it doesn’t mean you need to retreat entirely into your cocoon of seasonal jumpers, turkey sweats and port hangovers, far from it. While you may need to be in attendance with the family or take a break from forex, there are plenty of mobile apps to keep the mind stimulated whilst the kids settle down to an array of seasonal movies on the TV. Being that these are mobile apps, you can even check them out without abandoning the family to your usual forex shack.
We’ve put together a range of some of the best finance orientated apps for keeping your brain busy, informed or entertained during the quiet spell. Some are forex related, others brain fuel or stimulating to keep your brain in check for when the markets finally wake up again.
Forex Related Apps
If you really can’t stand taking too long away from the markets, here are some apps to let you take your tools and analysis, your news or even your trades with you to keep you in the know.
By: Plum Square Software
$119.99 (on current discount, usually £$179.99)
Available on: IPad Only
Trading Diary supports a variety trading types from stocks and futures to forex and options. The app focusses on implementing Dr. Alexander Elder’s principles of risk management. It offers a comprehensive platform for risk assessment, detailed recording of trades and a history of your trading performance. The app is simple but effective, a good tool for helping you learn from past successes and failures.
FX Trader Magazine
By: Riflexo Jsc
Download is free but each edition of the magazine has a cost
Available on: iPad, iPhone, Android, tablet or Kindle.
FX Trader Magazine is a quarterly publication for Forex traders. This magazine is proving to be a leader in the trading world, having been voted Best Magazine at the Forex Best Awards for the last three years running, 2011, 2012 and 2013.
The magazine is full to the brim with macroeconomic reports, both fundamental and technical analysis, interview and a regular selection of tested trading strategies and educational articles. There is a fine mix of content for both new and experienced traders. The mobile version is free and available on most devices.
Forex Trading TV
Available on: Apple only (iPad/iPhone)
If you want streaming data while you’re away from your trading station, then ForexTrading.TV is the app for you. This app gives you access to the first Live Technical Analysis TV channel. There is no schedule for the channels they just stream whenever a technical event happens in real time.
Available on: Apple and Android
Previously only available on iPhone the Babypips app has now found its way on to android too. If you really can’t stay away from your community of forex compadres, or if you’re having withdrawals from the forums then this is the app for you. The Babypips app brings the community and the forum to your mobile device. You can keep up with your followed threads, add new posts or read articles from the blog wherever you are.
Fun Brain Power Apps
If you want to enjoy a break from forex over the holidays, but want to maintain your mental edge then here are a selection of apps to feed your cerebral cravings and keep you razor sharp.
The Impossible Test
By: PixelCUBE Studios Inc
Don’t be deceived by the image above into believing that this one is childsplay, it really isn’t. In this game you are given a total of 8 lives and tasked with answering a series of questions that increase in difficulty the further you get. There are a variety of challenges and each mini-challenge is different, designed to test your ability to follow directions, figure out puzzles and think outside of the box. All useful skills when it comes to maintaining an edge in Forex.
By: Lumos Labs, Inc
Available on: Apple only, Android coming soon
Lumosity creates a Personalized Training Program that challenges your brain. It has been designed by neuroscientists to train memory, attention, and cognitive functions, to develop these positively with training over time to improve function. So whether you need help controlling those emotions, remembering events on your calendar, with assertion or multitasking, this app could be great for you, sharpening you up for successful trading.
Available on: Android
The android equivalent of the Lumosity app, this is Brain Games. This app has a series of small tasks and short games to help improve specific cognitive functions. These can help you plan and reason – great for improving skills for generating a strategy and journal, they can also help improve memory and decision making speed – great for scalping and retaining important market information. There is something here that could potentially improve the performance of any trader, while offering some light hearted fun too.
Fit Brains Trainer
By: Vivity Labs
This is another brain training app, much like Lumosity but offering a different format to the side games and puzzles. The app has been downloaded over 4.5 million times so very popular and it doesn’t take long to see why when you start your program. The games are addictive and stimulating, working on several different cognitive functions and abilities, allowing you to challenge yourself again and again, improving your functions over time. There is the option to purchase additional content, but the free version is good for a start.
Brain Age Test Free
By: Best Addictive Brain Games
Available on: Android devices
You might act like a 5 year old sometimes, but just how well exactly does your brain function, and what is your mental age? This app lets you test your brain to calculate how ‘old’ your brain function behaves. Through a series of fun tests and puzzles you can improve your brain age to match your physical age, or perhaps even perform like a younger you. It’s fun, it’s quirky and it’ll help you keep up with the younger generation.
So if you are dragged from the market this holiday, willingly or not, all is not lost. Whether you want to keep up to the minute with the markets, make some educated trades from your armchair or to hone your cerebral skills to keep you sharp for your epic return, there is something here for everyone and plenty more out there to find. So relax, enjoy your turkey or your nut roast, kick back a while, just remember to keep your mobile handy.