Most of us use the internet on our mobile devices, and everything we need to do online, we can do on the move. The technology is constantly advancing, and mobile phones are almost like computers. Therefore, it is no wonder that binary traders can also switch to mobile platforms and trade on the move.
How does mobile trading work?
Mobile trading can work in two ways – via the application or by accessing the platform through a mobile browser. Both approaches are equally accessible and reliable, but it depends on your preferences and on the broker which one you will choose.
Some brokers offer mobile apps with their trading platforms, and they all make them for iPhone and Android. Some of them also have apps for Window phones and Blackberry. You can get the phone application when you sign up with the broker and place the initial deposit. After you install the app, you should sign in with your username and password, and you can start trading from your mobile device. The trading progress is connected with your account, and you can always go on where you left off from your computer.
Some binary brokers do not have mobile apps or they simply do not offer it for operating system your phone has. Still, this does not mean that you cannot trade from your mobile. You can access the trading platform using the mobile browser. Then, you can log in with your username and password just like you would do via PC, and start trading.
If you use an automated trading system like Gemini 2, you can also check the progress of your trades via mobile phone, depending on the system you use. Read more: http://www.top10binarystrategy.com/review/gemini-2/
Advantages of mobile trading
There are plenty of advantages of mobile binary trading, and these are certainly the reasons why many traders decide to use this kind of trading.
First of all, it provides you with flexibility and mobility, because you can trade wherever you are. All you need is the access to the Internet so that the app can connect your progress with the account you have with the broker. Thanks to mobile trading, you do not have to be in front of your computer to trade. You can go outside on a sunny day and take the trading with you.
Then, mobile trading enables you to practice trading and try out your strategy. Many brokers offer demo accounts on their platforms, and you can connect these accounts with a mobile app. This way you can also use the platform wherever you are, and use the spare time to practice trading instead of playing mobile games.
Mobile apps are very user-friendly and intuitive. Mobile display is much smaller than PC monitor, so the developers make these apps with a simple and very user-friendly layout.
Disadvantages of mobile trading
There are not many disadvantages of mobile trading, but there are some potentially frustrating moments. You can stay without the Internet access at some point, for example in the elevator. If this happens at a critical moment for trading, it can be quite frustrating and cost you money. Still, you can avoid this if you do not trade at moments when you know you can stay without connection.