Mobile technology has taken great strides over the past decade. Apps have become far more sophisticated and easy to use; search engines have geared results towards the popularity of mobile-friendly websites and major global brands have put plenty of resource into it. Mobile has a bright future, but which new developments have fuelled its surge?
Apps have arguably been the best development, with their origins going back to 1983. Apple’s creation of the App Store for its iPhone range in 2008 saw the demand for apps explode. What is now Google’s Play Store quickly followed suit, being a marketplace for Android apps, with BlackBerry and Microsoft’s Windows Phone operating systems also accommodating them.
Many of today’s apps and mobile sites have been made using HTML5, the current iteration of the HTML mark-up language. Introduced nearly three years ago, its developers made several improvements on the way that video and Flash elements worked, both being integral to the way that live data, for example, is displayed.
At Your Fingertips
HTML5 has really come to the fore in mobile tech. The improvements made on HTML4 have been taken on board by all kinds of apps, including those used for trading platforms. Elements in the code for said platforms help to make actions such as opening/closing trades as simple as humanly possible.
With live, real-time data at their core, many mobile trading platforms are able to present useful stats in an easily digestible way. Simple line graphs and constantly changing numbers illustrating whether currencies, markets etc have gone up or down in value make it easy for traders to decide where to put their money.
As an example, the ETX Capital mobile trading platform has all kinds of market data on display. Taking in more than just the basic stats – major markets and currencies – it gives the trader access to data on just about any stock, share, market, currency or indicator. This results in greater choice and flexibility, both of which are becoming standard across the industry.
Modern day mobile trading platforms are made with a variety of traders in mind. However, for those traders who don’t have too much time on their hands to log into their desktop or laptop and spend hours trying to make a profit, mobile makes the most sense for them. Day traders need to be able to make quick decisions, acting on any sharp rise/fall in their chosen market.
Day traders who see their activity as more of a hobby than a primary source of income will take to mobile platforms. Being able to activate a trade without having to scroll, type and click for too long is highly convenient. It also saves time and allows traders to act quickly when happy with profits or trying to prevent losses.
Day trading can, with the right mobile platform, produce significant profits. One trader made nearly $95,000 in just three months. Some platforms allowing traders to open and close a trade within 60 seconds. Using the latest tech to quicken app performance and display up-to-date statistics, mobile platforms could easily maximise the chances of becoming profitable.