Access to the Web on mobile phones is available for a long time, but access was rather limited (remember the days when there was no WAP). Some dealers will try browsing through websites mobile-friendly in order to receive a quote, but things were very limited in it (email, on the other hand is relatively recent, but this is a separate story).
The launch of iPhone in 2007 was an important development with Wifi becomes available everywhere. The ability to develop and install custom applications meant that people started downloading all kinds of apps for phones via the App Store.
Major forex brokers and certainly don't miss the opportunity to jump on the bandwagon. All the big guys like eToro, FXCM, ForexYard, etc started to develop their applications.
Most of these apps have the functionality of pull up interactive charts, retrieve live quotes and even trade ... all great-sounding features ...
Well, bear in mind also have limitations. Yes, there are technical limitations, but I am not talking about those.
The biggest advantage is a very major drawback: the fact that he is omnipresent. This means that, especially if you follow automated forex trading systems, you can easily get addicted. Many will follow each tick on the chart with non-stop. This can lead to get too emotionally-engaged with whatever automated forex trading method. And, as we know, the feeling is one of the biggest enemies of profitable transactions. Sometimes it is good to completely disconnect, focus on different issues and look back at locations with a pair of fresh eyes.
If your automated forex trading requires you to be able to connect on the go then try restricting its use. For example, avoid opening new posts when not in front of your computer. Restricted functionalities and research about the mobile device anyway, which increases your chances of making a bad decision. Just use to close positions for example.
Automated forex trading systems rely increasingly on mobile connectivity of traders. Although this may sound good, remember this is likely to increase their emotional involvement with positions himself. Be very cautious, especially if you're relatively inexperienced a trader.
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