Mobile Trading is now available at the tip of your fingers. A wide range of mobile devices can now be used to trade instantly and effectively with the best execution while you’re on the go.
Mobile Trading is an advance form of online Trading or Internet trading.
After online trading the latest and the most far reaching trade channel is predicted to be the mobile handset.
A new generation of clients has arisen who are equipped to trade at the convenience of their time and place, no matter where they are and what time it is.
No more waiting to get to a trading terminal or a PC or a Laptop to trade.
Mobile Trading is essentially an extension of internet based trading - but with small form factor device i.e: the mobile phone, similar to a Client logging on to the broker’s trade portal on his internet enabled PC.
In Mobile Trading - broker will have full control of the risk parameters since orders submitted by client on his mobile will be sent via the Broker’s servers to the exchange.
Why Mobile Trading?
Why moble trading is more in use now a days, the reason is mainly divided into two point of views, one is from the point of view of trader and the second is from the point of view of online brokers. Mobile Forex trading is now most popular trend throught out the forex market today for many reasons.
1. From the Online Trader point of view:
The main reason behind this is convenience of the forex trader. They just want to be in touch with the forex market all the time. There are so many people now a days who are in online forex trading market and they want to be in touch with markets ups and downs regardless to where they are and what they are doing. They just dont want to lose a single penny and thats the reaosn they want to take maximum utility of the resources availabe in the market. Too many traders felt like if they weren’t at their computer all the time they might miss a big opportunity.
2. From the Online Broker point of view:
Here it comes to Online Broker, Online Forex Brokers dont want to lose there customer and thats the reason they have launched Mobile trading on the go. Online Forex brokers wanted to make sure that they were able to bring their forex trading platform to people whenever they wanted it and since they know that most everyone has a smart phone, a mobile platform was the perfect solution.
The online from brokers forcasted that not everyone has sufficient time to sit down with there laptop/computer and start trading. They wanted to make sure that there trader no matter what they were doing wether it be outing, watching movies, meeting with friends or simply traveling here and there, you would be able to make big trade.
Mobile forex trading is something that is only going to keep getting bigger because people want what is convenient for them. They don’t want to have to spend hours in front of their computer when they can take their phones wherever they go and always have the option of making a trade no matter what they might be doing.
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