With the popularity of the Forex market growing every year, investors are looking for easier ways to keep track of their accounts. While most of them still do the majority of their trading on the computer, the number of traders using iPads and other tablets to trade with are growing rapidly. These portable devices provide the perfect combination of convenience and access that most Forex traders need and allow them to make the trades they need while away from their desks.
Mobile Phones Were the First Wave
Mobile phones started becoming a favorite platform for Forex traders to use to check on their investments when internet access was introduced for these devices a few years ago. Even though these phones gave the investor a somewhat limited view of their account, it was enough to know how their Forex investments were doing. As Smartphones became more popular, application developers began releasing Forex trading programs that could be run on the phone. These early applications were much simpler than the full-featured programs the traders were using at home but gave them some level of functionality. Most traders didn’t use these phones to place new orders but instead kept track of their Forex investments.
Tablets Take Forex Trading To the Next Level
With the advent of larger tablets and iPads, these applications now look almost as good as their computer versions. These newer tablets feature larger, high-resolution screens and fast internet connections anywhere you happen to want to trade. You can take your tablet with you and always stay on top of your Forex account.
In addition to the hardware improvements, the software is much better as well. These tablets have become very powerful and now allow the Forex applications that are being released for them to provide all the functionality you’ll need. Some of the companies that produce computer-based Forex trading software have noticed the improvements with these iPads and tablets and have released versions of their Forex trading programs that are designed specifically to run on these new devices. You can now check on your investments, get advice from your broker and actively trade, all from your tablet with a few taps of the screen. This ease of use allows you to always know how your investments are performing and take advantage of opportunities in the market no matter where you happen to be.
The Perfect Mobile Trading Platform
What makes these newer tablets and iPads a near perfect mobile device is their larger screens and connectivity. Having a screen that allows you to see charts and other important investment tools clearly really makes this mobile device a true trading platform. The high-speed internet connectivity through 3G/4G or Wifi means that you will receive real-time updates and tickers. You can also send emails to your broker, visit a Forex trading forum and instant chat with other Forex traders in real time. All of these features are included on most tablet Forex trading programs and make it very easy for an investor to stay on top of the Forex market and their trades.
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Risk warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.