At present, an estimated $5.1 trillion is traded through the forex market on a daily basis. This represents a highly lucrative and volatile marketplace, even though trading volumes may have dipped slightly from their peak in 2013.
The relatively high trading volumes can be attributed in part to the accessibility of the market in the digital age, with online platforms and mobile apps capable of connecting even part-time investors to real-time ordering tools.
LCG is one of the latest trading brands to launch an affiliated app, and one which is available through the App Store. The question that remains is whether or not the app is right for you and can assist you in achieving all of your investment goals?
An Overview: What Does the App Offer?
In simple terms, LCG has created a powerful and purposeful trading tool, and one that offers users access to more than 3,000 individual markets across forex, shares, indices and commodities. This multi-asset platform is one of the most diverse on the current market, and enables traders to create varied and purposeful portfolios that can optimise returns. The app also boasts advanced price improvement technology, while LCG serves as an FCA regulated, LSE-listed provider that can deliver security, confidence and genuine peace of mind while you trade.
Perhaps one of the biggest advantages of the LCG app is its coverage of the forex market. There is the option of trading over 50 popular currency pairs, while leveraging tight spreads from as low as 0.6 pips on major assets such as USD/JPY and EUR/USD. The real-time nature of the app also enables you to trade seamless across any of the market’s three unique sessions, which optimises your chances of generating returns over time. There is also a feature that allows you to trade directly from charts with a single tap, creating an efficient and fluid channel that prioritises ease-of-use.
Through the app, you can also access a demo account feature. This is a key element of the primary online platform, which can be used for up to six months and helps you to trade in a simulated, real-time environment without risking your hard-earned capital. As a result of this, you can hone your theoretical skills and apply them in a practical environment, filling key gaps in knowledge and helping you to safeguard your capital when you do begin to trade. Combined with the apps’ excellent navigation and ease-of-use, this makes for a compelling proposition that is hard for traders to ignore.
that is ideally-suited to part-time traders who are relatively new to the concept of investment.