Mobile trading definition:Posted by Alexander on September 17th, 2021 Mobile trading definitionMobile devices like android phones and iPhones have always allowed the traders to check the stock market performance and the mobile trading apps provides the traders with access to online trading platforms that can be utilised to execute the trades ASAP sitting at any corner of the world. Every legit broker has an android and an iPhone app that allows their customers to trade straight away from their mobile phones Mobile trading is the method of using wireless technology in the trading of securities. Mobile trading gives the traders an opportunity to trade via their trading platforms on their mobiles, rather than being connected to a computer as long as they trade. Such technologies allow the traders with easier access to the portfolio management tools and make trades in a better sense while being on the go. Thanks to mobile trading, the clients have become investors and traders not only while trading from their homes but from the comfort of sitting anywhere in the world with an internet connection. This simply means that the people can trade while being at work or even while vacationing. With these applications, like the HFTrading mobile applications, the traders are looking at mobiles as a more convenient way of trading and by far the cheapest. What are the advantages and disadvantages of mobile trading?
Disadvantages of Mobile Trading
What should I be aware of, before I begin trading forex on the phone?There are different strategies for trading and different devices for trading as well. When the traders are trying to trade via the internet via their own integrated trading environments, they have different terminologies, they have different environments around them. This case is exactly the same for any trader that is trading forex via phone because even if they have a different environment around them, A cell phone can provide an integrated environment to the trader for trading and hence, it is extremely important for traders to understand the terminologies associated with phone trading. So let us look at t=different forex trading terms without wasting any more time. 1. Currency Pair:The currency pair is made up of two currencies. A base currency and a quote currency. Both the currencies are related to each other. The currency listed first is the base currency and the currency listed second is called the quote currency. The whole deal is about the second vs, the first currency. 2. Pips:A pip is the smallest fraction of price movement that a pair can show, if you are trading right, then the pip is your profit earned per trade. Which broker offers mobile trading?We recommend the popular online broker HFTrading. The broker provides mobile trading via the MT4 mobile trading app. HFtradig offers trading via three different trading accounts through which, the traders can trade on more than 30 CFD tradable assets that the market has. Each account is handcrafted by keeping the level of expertise a trader has and each account can be used via a mobile trading application. Bottom Line:Trading on mobile can be risky and it can be comfortable as well. But, since the screen size is small as compared to that of a computer or any other system, trading is not such a good idea via mobile. Of course, the traders can enjoy it, but it is less relaxing than trading on a computer. Like it? Share it!More by this author |