Forex Mobile Software

Online trading has become very popular during the recent years. In addition to trading on PCs, traders got an opportunity to use various mobile devices which, assuredly, made the trading process be much more convenient and accessible. There are many traders who are on the way, having many open positions. The availability of the platform on mobile devices gave clients an opportunity to track their trading positions from anywhere in the world and not miss the possibilities of making a profit.

Pros and cons of trading on Forex mobile software

As mentioned above, trading on a Forex mobile software is currently very common among traders. If a few years ago it seemed impossible to use a mobile device for trading, today it is the reality for everyone and these devices are used even more than PCs, since today people are very busy and prefer mobile devices on the way for various types of activities, including trading. Before starting to use any mobile software, first of all you need to consider all pros and cons of mobile trading.

Advantages

• Available anywhere: With mobile software you do not need to sit in front of your PC all the time and track your positions. You are free to go to a meeting or to an event, without worrying about your trade. Due to mobile software you get access to live currency rates and can decide whether to open long or short positions, or to close the open positions. Live currency charts provide you with live market movements and with tools for technical analysis it is easy for you to analyze the market and make trading decisions.
• Universal trading account: Once you have opened a trading account with a broker's software, it is not required to open a new account for your mobile trading. You just need to log in to your existing account in the trading terminal on your mobile device and start trading.

Disadvantages

Probably the only disadvantage of trading on a mobile software is that you can trade only manually, without an opportunity to apply automated trading. It is said that mobile trading results in trading addiction, but the same can be told about the PC, so it is more rational to think that it just depends on personality of a trader.

Forex mobile software for iOS, Android and Windows Mobile

IFC Markets provides two trading terminals: NetTradeX and MetaTrader 4, both of which are available for various operating systems, including iOS, Android and Windows Mobile. Downloading each of these terminals on a mobile device, you will get an access to all the necessary features for trading and analyzing the markets. Apart from setting market order, you will be able to place both pending and linked orders. Availability of technical analysis tools provides you with an opportunity to make full technical analysis and to elaborate your trading strategy.

IFC Markets is a leading innovative financial company, offering private and corporate investors wide set of trading and analytical tools. The company provides its clients with Forex and CFD trading through its own-generated trading platform NetTradeX, which is available on PC, iOS, Android and Windows Mobile. The company also offers MetaTrader 4 platform available on PC, Mac OS, iOS and Android. You may compare the advantages of both platforms.