The markets are always moving and if you want to stay abreast of events while you are on the go, you will need a reliable mobile trading app. While many believe its imperative to be around your PC or MAC during trading hours, there are plenty of robust mobile applications that will allow you to execute trades, move capital and analyze the markets, while you are away from your home or office.
There are several very good apps that you can use to make trading decisions. You never know when you will need to withdraw money from your brokerage account or need to add money to your brokerage account to increase your position size. Having a robust mobile application will allow you to handle all of the functions seamlessly. Here are some of the things you want to make sure your mobile app can accomplish.
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The Markets are Moving on New Information
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The price of an asset reflects all the available news. When new information becomes available, the price of an asset will immediately move to reflect that new information. For example, before a company releases financial results, the price of a stock reflects what is expected. This is generally a view of analysts expectatinos. After the release of the financial results, the price of the stock will reflect the new information. If you are not at your desk where you can avaluate the news from your PC or Mac, you can use a mobile application that will immediately update you with that new information.
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Execute Trades While you are On the Go
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If you want to trade the markets, you want to make sure you have a mobile app that will provide you with these capabilities. If the app takes a while to load or cannot execute immediately, you are placing yourself at a disadvantage. The iFOREX mobile trading platform executes trades a lightening fast speeds, allowing you to stay ahead of the curve.
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Deposit and Withdraw Capital
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You never know when you will need money. Having the ability to withdraw funds from your mobile application allow you to take a vacation or leave your office without having to worry about needing capital. You also might find yourself in a situation where you receive a margin call. This is a request from your broker to immediately add capital to your account, to cover the margin needed to keep your positions open. You want to make sure that your mobile platform has the capability to add funds whenever you need them.
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Analyzing the Markets
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Several mobile applications have the ability to chart assets and evaluate economic releases directly from your mobile device. If you know that you will not have access to a PC or Mac for several days, its comforting to have a mobile app that can help you make a trading decision when you are on the go. Some mobile application provides customers with an economic calendar which also allows you to see when new economic information becomes available.
