I can’t advocate mobile trading enough. It’s amazing how working from my cell phone has relieved the stresses and strains of being confined to a desk – how it has given me the freedom to get through my day. Whether I am out and about for the day or just lounging in my yard, I never miss an opportunity to trade. I’ve downloaded and tested dozens of professional trading apps, including XTrade Europe – and I can positively say that I was not disappointed. Whether you are using Android or iOS; you are sure to be impressed with the easy to navigate interface, news updates and fast pace trading.
The amazing possibilities of trading with apps
Clever investing means keeping current with the market news. Trading apps offer you the latest breaking news, market trend tools, and allow you to create custom stock watch lists to track and analyse personal holdings.
Global markets in the palm of your hand. Trading on your phone creates such a faster learning curve than online (PC) trading. The development of Professional interface that trading platforms such as XTrade Europe have to offer are nothing short of amazing. I started off trading currencies, and got such an education through using my trading app, that the wins became sweeter and even the losses I incurred were turned into invaluable lessons for me. Sure no one needs losses, but the fact of the matter is, loss is just a part of the trading game. And if you are educated enough, determined enough and smart enough to learn from your trading history, then the only way is up.
When it’s time to trade more than currency, CFDs are what you should look for. CFDs involve buying a contract with your broker that will pay off, if the market moves in your favour. Make sure you choose a reliable trading platform like XTrade Europe. If the market does move in your favour, your payback will be based on the difference between your opening and closing position, the units purchased, and leverage chosen. CFD trades offer more flexibility, and, for this reason, the savvy trader, more often than not choose to add stocks, commodities, and indices to their trading program to broaden your possibilities and trading enjoyment. This entire process is made much easier with trading apps. Imagine having the power to analyse, buy and sell just with a tap of your screen? Its instant, its live and it can be done anywhere with a good WIFI connection.
Which brings me to the basics of app trading
WIFI – Reliable networks
A good, reliable internet connection is a MUST. This might seem obvious, but oftentimes traders are in such a hurry to get on the markets, that the log in to any WIFI source, which might be unprotected or open to various cyber-attacks. You must trust the internet source that you are using. Getting an internet plan from a local provider is a good idea.
Antivirus is a good idea for anyone – full stop. But there is nothing more important than backing up your trading platform’s already secure trading applications such as XTrade Europe’s app. Ask yourself this, the app is secure, but is my phone secure? There are many reputable names out there, most offering free downloads – so there is really no excuse to not get antivirus on what will become your most important trading tool. Would you leave your office unlocked? No? Then don’t leave your phone open to threats!
Just because trading through apps is faster and easier, doesn’t mean that the rules of trading or how you trade should change. You still need to keep current with the markets news, you need to do your daily homework and focus only on what markets you plan on trading on. Don’t bite off more than you can chew and don’t stop perfecting your trading style.