Best Free Forex Signals APP for Copy Trading
1. SwipeStox App
Nowadays there a lot of companies and platforms offering copy trading services and signals, but if we talk specifically of Mobile App, then on top of our list we must necessarily put SwipeStox App.
SwipeStox indeed was not born as a web platform for then expanding into a mobile app too, but rather the opposite. They began and achieved success as a mobile app only.
One of the peculiarities of SwipeStox is the ability to literally go through a list of the best trades generated by the community, observe the parameters (stop and profit), evaluate the past performance of those who have generated that signal, and finally, if desired, by swiping right you can save it in a watch list, by swiping left you can discard it, or by clicking the Copy button you can copy it immediately.
This is why SwipeStox was renamed the “Tinder of trading.”
That’s why, from the time of its launch in early 2016, SwipeStox supported a growth of about 500% each month.
But SwipeStox is not only this, indeed it offers many functionality for retail trading, Social Trading (the Trader Radar, for example, to find other users near you) or Automatic Copy Trading (the CYBO, an artificial intelligence system that automatically copy best trade of the community).
2. eToro App
Unlike SwipeStox, the broker eToro, having been founded in 2006, started as a web platform, and then, only later, also developed as a mobile app.
Using eToro you can access the largest social trading network in the world, with a community of more than 4.5 million users.
With such a community of signal provider you have obviously an abundance of free forex signals, and all the web platform capabilities are of course available on eToro app.
However the main point of eToro is the fact it doesn’t offer Forex only, but to have a wide variety of investment instruments. Through the use of CFDs, with eToro you can copy signals on Currencies, Stocks, Indices, Commodities, ETFs, Bitcoin and Ethereum.
eToro indeed offers all the automated copy trading functionality needed to create a real portfolio of traders.
In addition to this, eToro also introduced some very innovative product, including in particular the Copyfunds, i.e. a particular type of funds of traders and instruments automatically managed by artificial intelligence.
3. ZuluTrade App
If you are interested particularly in Forex and Copy Trading functionalities, then ZuluTrade might be the most appropriate choice.
ZuluTrade was the first Copy Trading Platform ever, and has always been focused on the forex market and the provision of free signals, both manual and automatic.
Also, unlike eToro, ZuluTrade is not a broker, but it’s services platform for brokers.
This means that, in order to use its services, with ZuluTrade you can choose the broker you most prefer (among those supported), or connect the one you already have.
They have also focused heavily on automated copy trading functionality, providing very advanced analysis and portfolio management tools, and trying to make everything available in the ZuluTrade App.
How to maximize these Copy Trading App
Using a free forex signals app, or using a Copy Trading App, are two very similar activities, basically identical.
The main factor, in fact, is the same for both.
Before you begin to copy those signals, you have to be able to figure out whether the person creating them:
- is a professional;
- he knows what he is doing or not;
- he is not running excessive risks.
If you can’t analyze these factors, then, by copying them, you also replicate automatically all the problems and risks.
AllCopyTrading was created precisely for this, to provide all the necessary knowledge for those who want to exploit the potential and the convenience of copy trading and automatic forex signals.
If you need more information do not hesitate to contact us, it will be a pleasure to assist you.
Remember that you have all the information about copy trading in our sections:
- Platforms: Information of each of the platforms of copy trading. Go to Platforms
- Guides: The best guides on copy trading. Go to Guides
- Reviews: Best reviews on copy trading platforms. Go to Reviews
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Currency trading with leverage implies an important risk for the investor and there is always the possibility of losses. These instruments carry a high risk if they are not managed properly and a profit can quickly become loss as a result of price changes. Due to the risk factor inherent to this type of trade, only funds intended for risk investments should be used. If you do not have extra capital you may be willing to lose, you should not trade in the forex market. It has never been proven that there is any system or portfolio of systems that is completely safe and no one can insure future profits or losses. Before you start trading in the forex market you should think carefully about your goals as an investor, your level as an investor and your risk aversion to determine if this is the type of investment you want to make. If you are in doubt you should seek advice from a professional financial advisor to advise you about the investment.