Countries are always concerned about their net balance of payment accounts. These accounts play a vital role in determining the net rise or fall in GDP and national income. Experts are of the opinion that balance of payment accounts determines the condition of the country’s foreign affairs and strength of its home currency. Get the information on country’s terms of trade analysis from Forex mobile news.
With the convenience of smartphones, traders can trade currency pairs of their choice from anywhere anytime. Additionally it gives an idea of the economic condition of a country whose currency they are dealing with. Economic analysts are of the opinion that a country’s import needs to be lessened so as to enable BOP account to remain positive. On the other hand exports need to be raised so that foreign currency enters the market.
Scope of obtaining BOP news by Forex mobile news
Forex based news can now be obtained by simply singing in to forex broker application. The broker will provide you with a unique ID. You can use that to enable unlimited forex based news feed on your mobile phone.
Get latest updates on Forex fundamental factors:
Fundamental factors include factors like inflation and unemployment. Since currency prices depend a lot on these, it necessary to know more about them. Mobile applications inform you constantly about latest fundamental resources.
Know more about GDP and other growth rates:
To know whether a country is improving, we need certain indicators. One of them is the net growth of GNP and GDP. To know which sector of a country’s existing production resource is improving, you need Forex mobile news to throw more light on it.
Know about your currency’s performance:
Whichever currency you are dealing it, make sure that its performing well with respect to other currencies. For example, experts recommend buying in more of a currency which is improving in performance than others. That depends on country’s monetary policy reforms and Central’s banks policy measures.
Be more informed at the touch of a button:
Forex mobile news can be viewed using the default automated notification updates of Forex news applications in your smartphones. The latest smartphones do not even need to be opened separately. They automatically keep you informed about the live price changes.
Forex mobile news on any smartphone platform/OS:
It does not matter whether you are using an Android based smartphone or an iPhone, as a matter of fact. Most of the Forex mobile news applications run on both these OS platforms. This not only helps in diversifying your trading approach but also saves you from the hassle of getting tuned to workstations all the time. Smartphone trading requires lesser energy and you can concentrate fully on live prices and forecast them for more profits.
Summing up, most of the Forex based applications are now available for download for most of the OS based platforms. If you are using a Windows based smartphone, you can install MetaTrader supported apps and get notified about Forex mobile news for a better currency trading experience.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.