Since the forex market only sleeps from Friday evening to Sunday afternoon New York time, the advantages of mobile forex trading are considerable. This is especially true if you need to watch your trading positions while out of the house running errands or shopping, if you wish to go on vacation or if you travel regularly on business.
Fortunately, mobile forex trading has recently become a reality thanks to a potent combination of the ability of just about anyone to engage in online forex trading and the various mobile devices that can allow you to connect to the Internet when you are away from home.
Although they are probably the most mobile trading option, smart cell phones are not the only way you can trade forex away from home. In addition to Internet shops that provide Wi-Fi hot spots, a number of well-known franchised food and drink businesses, such as McDonald’s and Starbucks, have now installed Wi-Fi services in their establishments to attract customers who require this service. Traders can use their own devices to link up to the Internet at such places to trade forex online when travelling.
Smart Phones for Trading on the Go
Numerous smart mobile phones can now connect directly to the Internet where a suitable cellular telephone service is available.
Not only can traders display and interact with web pages, but they can also run foreign exchange trading applications or forex apps, as they are commonly known. Examples include Apple’s iPhone and various smart phones running the Android operating system.
Such cell phones can even run the popular Metatrader forex trading platform that truly provides an efficient way to trade forex on the go.
Other Hand Held Mobile Devices for Trading Forex
In addition to cell phones, various other hand held mobile devices can utilize Wi-Fi hotspots to get online. When within Wi-Fi reception, they allow traders to access websites and also have the ability to run forex apps that allow traders to watch the currency market and enter deals and orders.
These devices include the iPod Touch and iPad products from Apple, as well as the numerous Android devices and tablets available from a variety of manufacturers.
Using Laptop Computers for Trading Away From Home
An older and considerably more bulky mobile trading option involves simply taking a laptop computer on the road with you. You can typically use such a computer to trade forex while within reception of an accessible Wi-Fi transmitter.
Most recently made laptops can even connect to a dial up Internet service you subscribe to using a suitable cell phone. You can then use web-based trading platforms or platforms downloaded to your computer to trade forex.
Internet Shops and Cafes
A final mobile trading option for those forex traders who do not have one of the fancy new devices is to simply look up and stop by one of the many Internet facilities that have sprung up around the United States and in many other countries.
These establishments usually provide you with a computer connected to the Internet for a modest fee that depends on how long you use their service for. Some of these businesses just offer Internet access, while others service coffee and other refreshments.
Unless the proprietor will allow you to install forex trading software on their computers, you will probably only be able to trade using a web-based trading platform at such locales.