Forex market traders have been able to use a service such as mobile trading for a couple of years already. What is mobile trading about? By downloading a relevant application to their mobile phone or smart phone, the trader can monitor the situation in the market even when they are far from their desktop computer.
A few years ago the mobile trading service was mainly paid - one had to buy a license for the mobile terminal from the broking company. Today practically all companies offer absolutely free connection of this service.
However, disputes are still at large among traders as to whether mobile trading is a real assitant or just a fashionable, but practically useless applet such as tunes for mobile phones. Some believe if you do want to use mobile trading, it should be installed on your laptop.
Surely, a laptop excels a PDA or a cell phone in many respects. But let me say a few words in protection of the little ones! It is the size that often is a significant advantage of the cell. Laptops may be becoming smaller and lighter but can fit the pocket anyway. Besides, mini-laptops with a display of 11 or 13 inches aren't that better than modern smart phones. A more meaningful question is the time without a recharge, and the laptop loses on this one to the cell and smart phone.
These are all minor things - some may like a Mercedes, some get the kicks from old VW Beetle. At any rate, the trader can go away from their monitor at the workplace and still be in touch with what is happening in the market.
An interesting fact resulted from surveys: mobile trading is treated as a toy mostly by those who... have never used it. On the other hand, over 80% of mobile trading clients point out they use in on a daily basis. They especially emphasize the need for mobile trading if an automatic expert is installed on their stationary terminal - trust but be able to check any time.
The main advantage of mobile trading is that the person is free and able to drop a rigid work schedule. Naturally, close relatives are excited at mobile trading as the trader now is able to spend more time with their family. Traders themselves get more time for full recreation and other life cares as man shall not live by bread alone.
Time disproved another argument of opponents or, to be more precise, those who believe mobile trading is a useless toy. It is about the cost of connection of mobile communications means to the internet. Three or four years ago one the select could afford this so that their phone bills were not more than profits in the forex market, but now mobile internet is affordable almost to everyone, plus the ever growing Wi-Fi network.
Versions of mobile trading have been updated several times already. Initially, mobile trading only allowed opening and closing trades. Now you can use this service for technical analysis. We can point out that capabilities of mobile trading applications designed for PDAs are much wider that for mobile phones and they are second to desktop computers in terms of software only to a limited degree.
Among the host of versions of mobile trading, Market Leader experts emphasize the service MIG Bank Mobile Trading intended for PDAs and smart phones. Partners of Swiss company, MIG BANK, that also operates in the post-soviet space, real-time prices for FX and bullion markets, access to live charts and customizable indicators plus news headlines provided by Dow Jones Newswires and many other things. MIG BANK offers also such a nice small thing as sound alerts for market changes so you don't have to look into the display of your mobile device all the time.
Forex market aces say how mistrustful many traders were at the turn of 1980s and 1990s about computers and preferred drawing the charts on a graph paper. Doesn't this remind you of the situation with mobile trading?
P.S. I wonder whether young people know what graph paper means...
