Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

throughthemud

Forex Trading on Smartphone / Iphone

Recommended Posts

Has anyone done any trading via smartphone? I'm about to upgrade my phone and if I can I want a phone that I could make some trades from. What broker and phone model are you using?

 

 

I am using the Metatrader platform for my regular trading and therefore I have waited until they released the mobile version and it works great! I have it on my iphone and its very easy to use and user friendly. I also had it on my previous smartphone, Galaxy, and the platform works perfect with android as well. However, you still have to connect it with a broker that has great performance on PC trading, and I recommend only ECN STP brokers that can execute your order immediately after you send them. My trading platform for mobiles is connected to sunbirdfx and it is highly recommended- fast, no re-quotes , great trading experience!

Share this post


Link to post
Share on other sites

I'd strongly suggest to anyone who is serious about trading to think very carefully about whether using a mobile phone app for trading is a good idea. The interface, speed, reliabilty and security issues make it something I personally wouldn't do. If you have a position and you absolutely must leave, either make sure you have a way of getting through to your broker's execution desk quickly or close the position out before you leave.

:2c:

Share this post


Link to post
Share on other sites

In 2018 it's really necessary for brokers to integrate a platform for mobile trading. It's. really. necessary.
And I still don't understand why a lot of good brokers don't do it? At least I heard Amarkets have integrated a new platform such as MT 5 and Mobile MT. I Hope soon other brokers will do the same

Share this post


Link to post
Share on other sites

I've been using my iPhone 7 since the release of this phone. So I was trading for about a year now, and I never had a problem using my broker's mobile platform.

Share this post


Link to post
Share on other sites
On 20.04.2018 at 3:43 AM, zak.gibb said:

I've been using my iPhone 7 since the release of this phone. So I was trading for about a year now, and I never had a problem using my broker's mobile platform.

It's an advert of iphone 7?)) Nice)

Share this post


Link to post
Share on other sites

This is great, but could anyone name the reasons of why not use a mobile platform? 
Just to take a few examples from this topic: interface, speed, reliability and security issues.

Interface as in iOS or Android, versus a desktop pc with whatever OS? I'd consider a desktop computer more vulnerable, thanks to all the viruses and such.

Speed, if you have a phone from the past few years it should run more than just one platform.

Reliability comes hand in hand with the speed, but lets take the internet connection in consideration on this one. I think you should use mobile internet with your mobile, rather than public wi-fi's first of all. Then if that is the case you should have a stable connection in the city, and you shouldn't trade on the go anyway. Except if you see a huge losing trade. So what's wrong trading from the couch with a phone? (Don't make it a habit tho, we are talking about serious things..)

Now the last one, security. I wonder really, how insecure are the phones if you can even use them to pay with at the shops. I do that every day, and to be honest I even leave my CC at home, just because that is easier to lose than a phone, which you are looking at all the time. Funfact: there are no viruses for android, only misled users. But back to the original issue. If you are using your phone on a secure connection, why is there any concern about security?

Downsides? Sure there are, small screen, unoptimised platforms and so on. But if you can handle these, I don't see why not.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Topics

  • Posts

    • NZDUSD: Retains Recovery Threats, Eyes The 0.6726 Zone NZDUSD: With the pair still retaining its upside pressure on correction, more strength is envisaged in the new week. Support lies at the 0.6650 level. Further  down, the 0.6600 level comes in as the next  downside target. Conversely, resistance resides at the 0.6750 level where a break will aim at the  0.6800 level. A break of here will have to occur to create scope for a run at the 0.6850  level. Further  out, resistance stands at the 0.6900 level. Its daily RSI is bullish and pointing higher suggesting further recovery higher.  All in all,  NZDUSD faces further upside pressure.
    • $BDX (BDX) Becton Dickinson stock narrow range breakout watch, see also $MRK ,


      analysis https://stockconsultant.com/?BDX
    • Meet the Broker in Cyprus Dear Client, The HotForex VIP Contest returns for one more year with exciting rewards for our valued clients!
      Enter the contest to claim monetary prizes from a $10,000 pool!  We are relaunching the HotForex VIP Contest this year too! The lucky 1st Prize Winner and his/her companion will enjoy an all-expenses-paid trip to the beautiful Mediterranean island of Cyprus! 1st Prize > An all-expenses-paid trip to the amazing Mediterranean island of Cyprus, including:
      $5,000
      Two air tickets to Cyprus
      Five-star hotel stay
      Limousine transfers
      One-to-one forex training 2nd Prize > $3,000 3rd Prize > $1,500 4th Prize > $500
      If you have any questions about this or any of the other trading platforms available with HotForex, please do not hesitate to contact our support team, which is available 24/5 in a variety of languages. Kind regards, 
      The HotForex Team
    • Date : 21st September 2018.

      MACRO EVENTS & NEWS OF 21st September 2018.



      FX News Today

      Asian Market Wrap: Stock markets continued to rally during the Asian session after a record close on Wall Street yesterday. Risk appetite is back after robust US data yesterday added to hopes that the fallout from the latest round of US-China tariffs can be contained and that there will eventually be deals on trade and Brexit, despite little progress at the informal EU summit yesterday. Improvements in emerging market assets have also helped to underpin confidence with investors buying back into the rout. 10-year Treasury yields moved up 1.3 bp to 3.076%, 10 year JGB yields jumped 1.6 bp to 0.125% and 30-year yields rose 4.4 bp as BoJ cut bond purchases. Topix and Nikkei are up 1.01% and 1.06% respectively underpinned by a weaker Yen, the Hang Seng has gained 1.13% so far and the CSI 300 is up 1.80%. US stock futures are equally broadly higher, Oil prices are slightly lower and the November WTI future is trading at USD 70.25 per barrel. Today’s calendar includes Eurozone PMI readings as well as public finance data for the UK.

      FX Action: USDJPY has lifted to a fresh two-month high at 112.80 amid a backdrop of a coursing risk-on theme in global markets. The USA30 and USA500 hit record highs yesterday, and Asian stocks have rallied robustly across the board. JP225 hit a 4-month high, and the Shanghai Composite a two-week high, with both showing gains of 1% or more. Expectations for China to turn the fiscal stimulus tap, among other measures, have been helping underpin sentiment in Asia, while the unexpectedly low starting tariff rate of 10% in Trump’s latest move on Chinese imports this week, along with tech sector exemptions, have helped buoy sentiment Global fundamentals are otherwise solid, despite the threat from the trade war escalation (with Beijing not expected to negotiate until after the mid-term elections in the US).

      Charts of the Day



      Main Macro Events Today Eurozone Sep. PMI – Expectations – The Eurozone manufacturing PMI is expected at 54.5, down from 54.6 in the previous month, and expect the services reading to improve slightly to 54.5, which should leave the composite unchanged from August at 54.5. This still suggests ongoing expansion, but would also confirm the decelerating trend. Canada CPI & Retail Sales – Expectations – CPI is expected to hold steady in August after the 0.5% surge in July. The CPI is projected to grow at a 2.9% y/y pace in August, easing slightly from the 3.0% pace in July that was the top of BoC’s 1-3% target range. Canada retail sales values are expected to rise 0.5% in July after the 0.2% drop in June.
      Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

      Please note that times displayed based on local time zone and are from time of writing this report.

      Click HERE to access the full HotForex Economic calendar.

      Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!

      Click HERE to READ more Market news.

      Andria Pichidi
      Market Analyst
      HotForex

      Disclaimer: This material is provided as a general marketing communication for information pThis material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • There are many Horrible trading situations occurs in traders life and some are very serious.
×

Important Information

By using this site, you agree to our Terms of Use.