What is Mobile Trading?
Mobile trading refers to trading in the stock market, using a smartphone. It is more advanced than traditional trading which was done through a computer, in addition to it being quicker and easier.
A user can buy and sell stocks, as well as manage his portfolio on his mobile phone, with the help of a multitude of apps. It has become popular, though not a common mode of trading, with almost all stock brokerages offering iPhone and Android apps available to users, who wish to trade from their mobile devices.
Advantages of Mobile Trading
Mobile trading gives users a platform to trade from anywhere in the world, as long as they have an internet connection.
There is the ease of transacting while using a mobile device, as orders can be placed quickly and effortlessly.
Customers have access to live data at their fingertips, which helps them make effective investment decisions.
Mobile trading helps a trader be in complete control of his investments and does not bring in any outsider interference, such as a broker.
There are various additional features on present-day apps, such as price alerts, market research, historical data and graphs, etc., which are highly beneficial to an investor.
Mobile trading gives the investor the advantage of monitoring his investments in real-time.
Disadvantages of Mobile Trading
The wireless signal is often an issue, especially in remote areas and hilly areas.
The small screen size of a mobile device is a hindrance to many customers, and hence a majority of traders in the stock market do not prefer to use this mode.
The ease of trading could be addictive, and an investor may end up investing more money than he had initially planned to.
There is always the possibility of human error, and accidentally clicking an incorrect option could cost the investor huge amounts of money.
