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Major Benefits of Mobile Trading
Market orders can be placed effortlessly on mobile trading apps compared to desktop terminals. There's no need to start the big machines again and again.
Fremont, CA: Mobile usage for trading in capital markets was quickly gaining recognition following the increasing involvement of both retail and institutional clients. People trading with the aid of mobile applications from various brokerages on their respective smartphones have experienced a sharp increase in the last three to four years. However, the proportion of people engaged in mobile apps trading is much smaller than that of the overall trading population.
The move from desktop computers and other trading terminals to mobile trading apps has been largely motivated by the convenience of placing orders with an active focus on the portfolio at current market prices. Almost all brokerage firms have their own mobile trading apps, which are supervised by in-house technical staff.
Let us look at the benefits of mobile trading:
Simple to position orders: Market orders can be placed effortlessly on mobile trading apps compared to desktop terminals. There's no need to start the big machines again and again.
Live market data & portfolio: Mobile trading apps offer live market data, including stock indices, bonds, currencies, commodities, derivatives, etc. The current portfolio can be checked on the mobile in no time at all. A consumer can take a quick look at the output of the portfolio and the underlying properties.
Notification facility: Mobile trading apps provide a notification and warning facility that operates separately from SMS notifications sent by exchanges, brokerages and custodians. The notification facility keeps the customer up-to-date with the latest developments in the portfolio and recommendations made by brokerages.
Live related news: with the aid of mobile trading apps, a customer can also track live news related to a particular development or related stock.
Research reports: Mobile trading applications often provide fast and easy access to research reports produced by the respective brokerage firms or firms.
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