Forex mobile trading go also referred as Forex on the go means is trading the Forex market from either a smartphone or a tablet.Fitting Forex trading around a busy schedule can be a very difficult task, making time to trade very challenging. But with the invention of trading forex from your smart phone, it allows you trade around a busy schedule.Over the last three years more and more broker’s and charting providers have begun releasing software for mobile trading.So now all that is needed in order to trade Forex is a smartphone or tablet, and a stable internet connection.
BEST SMARTPHONE OS FOR TRADING
OS is short for operating system, it is the software that the phone uses to operate its core functions. The two familiar ones are Android and iOS (iPhone’s OS), but there are others such as Windows 10 mobile and BlackBerry 10 which surprisingly still exist.This is not to say that trading platforms does not exist on Windows and Blackberry, but the choices are limited, and trading from these devices is a very tedious task.The market share of both these OS’s means Forex brokers and charting providers do not support them. If you have one of those OS’s then it is time to get started with trading.
It all comes down to Android VS. IPhone.
In 2016 Android had a slight lead and advantage over iPhone, but as of 2017 iPhone has caught up. Both operating systems are very good, so you can pick either of them. However, as of October 2017, only iOS has a dedicated app for trading. Don’t run out and buy an iPhone just yet though! As it can still be accessed on Android through your phone’s browser. It is unbiased to say that in 2017 both Android and iPhone are great OS’s for trading Forex.You do not need a top of the line smartphone for trading. When it comes to specs of the mobile, even low end modern smartphones are powerful enough for mobile trading.
IS SCREEN SIZE IMPORTANT FOR TRADING?
While you can trade on a smartphone with a tiny screen, it can be tiring and exhausting, and there is high tendency of making mistakes. A large screen allows you to trade much more comfortably, which helps during stressful trades.A 5.5 inch screen is recommended for better trading from your smartphone. If you have tiny fingers trading comfortably with a smaller screen will be an easy task, though not recommended. If your screen is too small to trade from comfortably, there is a good chance you will make more mistakes. And in trading, mistakes can cost you a lot of money. Screen size is vital for trading Forex from your phone.
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.