In terms of online trading, it seems as if the phrase “out with the old and in with the new” currently defines the marketplace. While financial ventures were limited to the confines of a personal computer only ten years ago, a growing number of investors are taking advantage of the numerous benefits associated with the user-friendly smartphone application. How can you employ these very same methods to garner a substantial sum of money and what are the primary benefits that they will offer?
Working Smart Instead of Hard
Current statistics estimate that no fewer than 197 billion mobile applications will be downloaded by the end of 2017. This equates to more than 26 applications for every many, woman and child on the face of the planet. One of the reasons why financial-related apps are gaining ground is directly related to the sheer size of the online investment market. Traders are now realising that the intuitive nature of these software packages are the ideal method to generate an income even when away from the home or office.
Finding the Most Appropriate Application
The downside to the sheer number of available applications is that not all are up to par in terms of functionality. Others promise results that are nearly impossible to deliver. If you hope to leverage such systems to your advantage, be sure to address these primary questions:
- Is the application offered by a well-known and respected provider?
- How intuitive are its technical aspects?
- Are timely updates provided when required?
- Can your personal information remain safe?
- Will you have immediate access to all of the most important markets?
If you cannot answer a resounding “yes” to each one of these questions, it is wise to look elsewhere.
The Rise of the Well-Informed Trader Thanks to the Diminutive App
Always remember that mobile trading apps should offer far more than access to live prices. Those developed by innovative financial portals including CMC Markets will provide you with the very same user interface (UI) that would be encountered when accessing the traditional website. This is commonly referred to as a mobile-responsive design. All important metrics such as navigation, charting capabilities and trade execution mirror the parent website. This signifies that there will be no additional learning curve. Simply log into your account, tap on the icon and begin trading!
What Options are at Your Disposal?
Variety is the spice of life and it adds some much-needed flavour into real-time trading. This is one of the reasons why we are now seeing a surge of investors within the online community. The best way to evaluate any trading application is to begin by looking at the number of available markets. Some common examples include:
- Index-based trading.
- Blue-chip stocks.
- Forex trades.
- Spread betting.
As you are likely to leverage any application to turn short-term profits, methods such as spread betting can be particularly useful. This brings us to our next point.
The Synergy of Spread Betting and the Mobile App
By their very nature, spread bets are short-term prospects. You can choose from thousands of products and enjoy competitive spreads; both providing a superior sense of flexibility. The ability to speculate on bearish (falling) markets is another marked advantage over other trading options. 3G and 4G mobile connectivity ensure that all prices will be accurate, so you can make pivotal decisions within moments.
Where Are We Headed?
The use of highly advanced and predictive algorithms should dominate the market of financial applications in the near future. You will be able to tailor these software bundles around your unique trading styles; further enhancing efficiency and the chances that you will turn a profit. Regardless of how amazing these systems become, they are still no replacement for sound investment strategies and experience. Still, we are already on the cusp of a massive paradigm shift in regards to the ways that online trades are executed. Keeping ahead of this curve can dramatically enhance your chances of walking away a market winner.