Mobile trading apps have come a long way in the past few years. By 2021, there will be more than 3 billion smartphone users, all of whom could potentially be involved in the markets, in one way or another. Whether they all use the latest technology or not is another question. In fact, mobile trading has been one of the big success stories in the global financial universe. For more than a decade, though, consumers and trading enthusiasts shied away from using their phones to place orders for shares of stock, bonds, forex currencies, options, and futures. One of the major developments of late has been in-app advertising as a way to support the expenses of creating the technology and monetizing the arrangement. What’s in store for the next few years, and what are the benefits for those who use these new, agile, versatile applications?
Advantages of Mobile Trading Apps
For educated, active traders who want quick order execution and full-scale support, there are many worthwhile products on the market, like AvaTradeGo. These high-tech programs run on mobile phones seamlessly and get the job done for enthusiastic traders who need real-time data, news, and indicators. In the early part of the last decade, even the better smartphones couldn’t handle order placement or any kind of sophisticated buying and selling. Nowadays, phone-friendly applications can truly do it all. What does that mean? It means they offer significant savings because you place the trades yourself, not through a broker. Nor do you need to be at home or near your office PC. As long as you are carrying a phone, you are totally in control.
On the Go Flexibility and Control
When prices change from minute to minute, it’s easy enough to set alerts, grab your device, and react to the situation. Mobility implies freedom, choices, and control. No matter where you are, you can transact business. Encrypted firewalls take care of the security side of things, and no matter what language you speak, it’s easy enough to change an app’s interface to accommodate your personal needs. When you choose an application for your smartphone, whether iOS or Android, simply check to see if it offers interaction with the markets you prefer, like forex, bonds, or stocks. Clear, informative charting is another advantage of mobile trading apps. Whatever your needs, there’s an app out there for you.
What does the rest of the decade hold? Consumers already enjoy all the benefits of being able to place brokerage orders anytime, anywhere. There are already products in the pipeline that offer more robust charting, enhanced security, high-level automation, and access to virtually every global securities exchange. Federal Reserve bond buying is one of the newer features expected to come along within the next year or two. Additionally, some developers are looking at bringing fully customized products to the online stores. That could mean that anyone could essentially design their own platform, set up as many automated parameters as they desire, and execute their own orders directly to exchanges, without any intermediaries. There is no question that the marketplace for active traders is moving very quickly.
It’s almost counter-intuitive, but mobile trading apps typically come with more security features than desktop PCs do. The primary reason is that phone providers routinely upgrade and update the security software on the device, and they do so remotely. It’s part of nearly every smartphone contract and takes place silently and seamlessly. For traders, that’s good news because it means encrypted transaction, super-secure databases, and up-to-the-minute firewall efficiency.
Unlike the average home-based computer or desktop model, mobile devices offer significant flexibility, interactive capabilities, and lots of customization. That’s just how phones are designed these days, and the fact plays right into the hands of anyone who likes to buy and sell stocks, bonds, options, futures, and forex pairs. Finally, touchscreens are super-fast and convenient ways to enter data into a device, use the zoom function, or highlight particular sections of data. It’s almost as if smartphones were designed with market enthusiasts in mind.
The Latest Technology
Mobile devices boast ultra-modern hardware, even when compared to PC desktop models that came out in the same year. Phone technology, generally speaking, is light years ahead of stand-alone computer tech. One prime example is the multi-screen function, which is routine business on any mobile device but calls for special equipment modifications on a PC. So, if you prefer to move from one app, and its accompanying screen, to another, the phone is the way to go. Anyone who uses social trading apps, special signals, or economic news boards can easily maneuver from one to the other on a smartphone but not on a desktop PC.