There has been a flood of new and easy mobile phone apps hitting the market in 2012. Late last year, a new generation of free software apps available for download on popular smartphone devices like Apple’s iPhone and mobile Android from Google. operating systems hit the market. These simple and inexpensive intraday phone applications are changing not only the way people invest today, but also when and where.
Trade literally anywhere, anytime
Financial markets operate globally twenty-four hours a day, five and a half days a week. Any seasoned forex trader knows how brutal the five and a half day routine can be, especially when monitoring open positions overnight. Not only is the stress overwhelming, but so is the investor’s commitment to remain glued to a computer monitor observing / managing margin positions to prevent their account from entering a default / margin call state.
These days, investors with mid-to-high-end smartphone series, such as Apple’s iPhone or any of Google’s high-end Android phones, can download one of the several available daily trading phone apps and keep track of their accounts. brokerage with them wherever they need to be. This has brought great relief to several members of the professional retail and small brokerage investment community.
Complex investments don’t always lend themselves to mobility
While the advantage of making investment decisions while on the go is the freedom to travel, mobile financial apps don’t always have the level of sophistication to provide all the data needed to make good decisions on the go. Not only that, the iPhone or Android user has to be quite adept at quickly switching between brokerage account information screens and trade order screens to process that information and act quickly in the market. Suffice it to say that the more complex the asset that is bought or sold, the more difficult it is to manage a portfolio of those assets on an iPhone or Android device, regardless of the software application that runs it.
Simple investments for intraday telephony applications
Several short-term investors have adopted an easier-to-manage investment strategy that still pays for the high returns, but is better designed for mobile devices. While the forex and futures markets may not be suitable for mobile trading devices, other less complicated securities may seem more suitable. Among these simpler short-term assets, binary options contracts and similar hybrid derivative securities have tended to be the most popular. It has been one of several reasons why many of the leaders in that industry have made an effort to mobilize their services.
