Mobile trading on Forex and stock market in a few clicks
It is not always possible to trade Forex from a desktop computer or laptop; sometimes they are simply not at hand, and you need to urgently close an order or, conversely, open a new deal.
It is at this moment that a trading terminal installed on a smartphone, iPhone, tablet or other mobile device comes to the rescue.
Mobile trading – full-fledged Forex trading using mobile devices with an Internet connection, allows you to monitor the status of open orders at any time and enter the market at the most opportune moments.
It is advisable not to use this option as the only one; the trader’s stationary terminal still has great capabilities. than its mobile version.
Now let's move on to what you need to trade from a mobile device.
Since this article was written, the situation has changed significantly; now you can download a mobile trading platform on the website of almost any broker. Such platforms work not only on iPhones and smartphones, but also on tablets.
Each device has its own version of the trading platform and sets minimum requirements for processor power and RAM. Therefore, be careful when choosing, as a lack of resources will lead to the trader’s terminal freezing and causing losses.
Minimum hardware requirements:
1. Processor power – at least 400 MHz, recommended 500 MHz.
2. RAM capacity – from 64 megabytes, not to be confused with memory for data storage.
3. Internet connection speed – from 512 Kb/sec.
4. Screen size – 4 inches diagonal; trading on a smaller screen is quite inconvenient, but possible.
That is, we can say that you can trade on the stock exchange on almost any of the mobile devices purchased over the past couple of years. Mobile trading programs do not consume many resources and can be easily installed on a smartphone or iPhone.
Mobile Forex can be carried out from devices running on Symbian (Nokia), Android, Windows Mobile, iPhone, Windows Phone 7 and some other options.
Although today universal mobile platforms are already being produced that work normally on any device, regardless of the operating system installed on it. And even if your device does not meet the minimum requirements, you will find out about this during the installation process.
Installing programs for mobile trading
After you have downloaded the necessary software, we proceed to install it, the mobile platform from the broker’s website is downloaded directly to your device, after which the downloaded file is launched and installed. After installation and launch you will see the following picture:
If desired, the same metatrader 4 or 5 can be downloaded from Google Play - https://play.google.com/ Well, then directly during installation on your mobile device, enter the parameters of your broker.
The features of this process depend on whether you will use a smartphone, iPhone or tablet for trading; most likely you will have to download a terminal version specifically for your device.
The operation of such terminals is slightly different from full-fledged options, but they always have all the basic functions. In addition, there is full synchronization with the desktop trading platform installed on your personal computer. That is, you can perform part of the operations at home, and then monitor the status of the Forex transaction using mobile trading.
To make your work more comfortable, find out about the availability of a mobile version of your broker’s website; if such an option is available, you will be able not only to carry out mobile trading on Forex, but also to carry out financial transactions.