[HighStakes]

Hello everyone,

I am considering buying a smartphone for the purpose of following the markets and the news during my daily job (lunch, commute, etc), so that I am not completely disoriented when I start to trade in the evening.

I`m not sure if this is a great idea or not, but I would be curious to hear your guys experiences.

Are there any decent applications that allows you to track the market in a meaningful way? What about browsing news?

I`m of course not thinking about using it for charting

The phone I`m considering is the HTC Desire. Looks nice

Thanks in advance,

HighStakes

[HighStakes]

Anyone?

I found some old threads here, but would like to hear people`s recent experience as well.

It seems like using a smart phone to stay informed can work really well. Not curious if it will give me an edge though, but it can save me some time probably.

I have not decided whether I will buy an iphone or an android though. The new iphone is close to twice as expensive as the HTC Desire, so if I go for an iphone it will have to be the old model I think.

[brownsfan019]

Do you use news, econ events, etc. in your trading?

If yes, then you probably want to keep up on that stuff while you are not near your computer.

If no, then it's a waste of money.

For example, I use econ releases as a reason to avoid being in a trade but that's it. So all I need to know is when the big releases are coming out, which is easy enough.

Now if I was basing my future trade decisions on these events, then I'd probably want to know what they were doing while I was away from my computer.

[HighStakes]

I`m a technical trader, but I don`t like to trade in ignorance of the big picture and recent news.

So, I won`t place any trades purely off the news and fundamentals, but they might affect how I trade and even prevent me from trading. Much like you say about not wanting to stay in a trade during news releases and such.

Many people say that smart phones give them increased freedom, but my view is the complete opposite. I see that most people are slaves to their phones and their desires, so I would actually rather avoid it.

[bathrobe]

I used the free bloomberg app for this purpose with my old blackberry when I had a blackberry and I have since switched to a droid x and the bloomberg app is also available for under $5, it comes in handy, I am not aware of what is available for the phone you mentioned.

the app came in very handy when I was out and there was a news release regarding the Greek debt crisis back in the spring.

[ramora]

I have an iphone and I use it to keep tack of the markets.

Some of the applications on my phone include:

1. Bloomberg best news and charts
2. Forex OTG not bad charts
3. MobileRss - I subscribe to several blogs and news feeds
4. Oanda FXTrade (emergency backup in case internet goes down)
5. Interactive Brokers TWS Mobile (emergency backup in case internet goes down)
6. Tweetie - I follow several traders who 'tweete' a lot some news tweets are good for breaking news. (I do not trade news but like to follow the news.)

I am also experimenting with Yahoo alerts and other services to receive price alerts.

Another pet project is to get mobile VNC up and running so I can see my trading desktop via remote desktop. Mixed results so far.

I am not always looking at my iphone, but if I am stuck somewhere waiting I can usually find something interesting going on.

Also considering a purchase of an iPad, but I think the iPhone is just fine with the above apps and it is always with me.

Good trading,

[jimbo320]

I wasnt a big apple fan but recently picked up an iphone 4. What a bit of kit. They are just superb. When ipad r2 comes out ill pick one of them up too.

I can concur that bloomberg and tws mobile are good apps. I also have reuters insider, cnbc real time, sky news, financial times, etc etc the list goes on.

I would says they are very good at news but not so hot on the charts.

Take the plunge you wont regret it.

One thing, check you get decent reception using a free sim card in your area before you sign up or 3g might not be so good (thats for data).

[HighStakes]

Thanks guys.

It sounds very promising. I kind of hate being on work for 8-9 hours and not knowing what`s going on in the markets.

Does anyone know if the same applications are available for Android phones as well?

I would have loved to buy the iphone 4, but I`m afraid it`s a little pricey right now.

Regards,

Highstakes