Put very simply, mobile trading is making use of wireless technology to buy and sell stocks and shares. Mobile trading enables any trader to work from a mobile device such as a laptop or mobile phone. The use of wireless technology makes it easy for traders to access and manage their portfolios at any time, without the hassle of needing an office. Literally, mobile trading can be done anywhere and at any time of day or night. It has become very popular because traders do not need an office to trade, making it possible
to work at weekends, should they want to.
Being able to access information and trade at any time is rapidly becoming a trend for people who are self-employed, as well as those that trade part-time. Not surprising then those brokers have many online resources which help with trading. While the progress of mobile trading platforms might not be equal to the growth of many social media platforms, they stay an option for both traders and brokers.
Although a vast number of brokers have made use of mobile apps over the recent years, there is still much room for improvement in this area. In years gone by trading consisted of viewing a portfolio and placing a trade, these days advanced tools are available to the trader, enabling him to carry out such things as complex options, screenings, advanced orderings, chartings, and syncing.
While a trader may be able to check stock performances and statistics by using siphons and Blackberry devices, there are many mobile trading apps available which provide easy access to online trading platforms. The savvy trader is able to execute trades from any area where there is an internet connection, and at any time which suits him.
What is a good mobile trading app?
Before downloading and installing any mobile trading app, there are some things which are worth considering.
Be sure that the app you plan to use can be customised to your preferences and trading styles. There should be a facility for researching any trade before you commit to buying stock.
The app should have a FAQ section and also an email advice section where you can send an email of a specific question and get a reply. When you transfer funds, the process should be simple and uncomplicated, with market alerts letting you know of the best times to buy and sell stock.
A good mobile trading app will have educational videos to watch and learn from. Additionally the best mobile trading apps will come with detailed charts and technical indicators, as well as an analyses method to ensure you make the best decisions.
When you need to transfer funds to your account, this should be done via a reputable company such as PayPal or bank transfer. If you prefer there should be a facility to transfer funds using crypto currency, commodities, or stocks.
The mobile trading app you select should offer real-time tracking so that you can watch stocks before you buy. The app should also provide 24-hour withdrawal services.
Probably one of the most important features of any online mobile trading app is to offer negative balance protection. This means that you will never be able to lose more money than you invest.
How do I start mobile trading?
The first thing any trader should do when considering downloading a mobile trading app is research. There are several good search engines which will bring up trading apps. Use a reliable search engine to do your research.
Once you have narrowed down your search, you should download it and then install it. The next step is to fund your account. Now is the time to research the trades you plan to make. Before you make a trade it is important that you have a good knowledge of them. Also, you should only use money that you are prepared to lose as there is always a possibility of this. Any money you gain can be put towards buying more stock.
No broker knows the secret to the perfect mobile trading app, and each trader has their own favourite for preferences and needs. We would suggest that you select ETNA mobile trading app.
