4 Benefits Of Trading Through Your Phone

The following is a guest blog post:

Trading can be a fantastically flexible way for you to make money and to take control of your finances. Instead of relying on a bank to offer you a small amount of interest each year, trading can help you to get the most out of your money. It may take up a little more of your time and effort, but if you trade successfully, the rewards will be more than worth it. As previously mentioned, trading can be incredibly flexible. You don’t need to go into an office or even to be situated in your own home, you can trade wherever you want. Below are four benefits of trading through your phone.

Mobile banking

With the introduction of apps, it is now possible for you to do all of your banking via your mobile phone. You can stay up to date with all of your financial transactions. This is perfect for your interest in trading. Instead of having to log on to your internet banking system, or visit your local branch, you can keep the banking app open at all times. If you remember to set up a lock code or a fingerprint ID system on your mobile, this shouldn’t be a security risk. Instead, it will be a fantastic way for you to analyse your finances and make your trading decisions accordingly. To trade successfully, you need to know just how big a risk you are in a position to take. Being constantly confronted by your bank account will be a useful reality check.

Accessible contacts

If you like to ask for advice when trading, it is important that your contacts are easily accessible. When trading through your phone, you will be able to reach people immediately. This is essential in the fast paced world of trade. Set up a speed dial system that reflects the likelihood that you will need to talk to each person. For instance, if you have a shared bank account and want to check that your partner agrees with your investment, it would make sense for them to be number one on your speed dial.

Global trading

If you are hoping to engage with foreign exchange trading, it is possible to do so via your mobile phone. You can look online to find forex brokers that provide an exceptional forex trading environment, along with fantastic customer service and support. This platform will ensure that all of your trading processes are executed in a secure, safe, and regulated environment.

Compliment a busy schedule

Working from your phone is the ideal way to manage a busy schedule. If you are not yet at a point where trading can be your full-time occupation, trading via your phone will allow you to fit in your deals around other work. Perhaps you spend a lot of your time commuting on public transport? This could be the perfect opportunity for you to take on the world of trading. Trading through your mobile is one of the most flexible ways imaginable for you to take control of your finances.

6 thoughts on “4 Benefits Of Trading Through Your Phone

    • Hi Jay,

      You said it. Not that long ago, trading, information, access to funds and transfers was a lot more time consuming and difficult. With our mobile devices we are literally free to “take care of business” from any corner of the globe at any time. Thank you for commenting.

  1. All great parts about mobile trading. I know that my trading almost requires it as my job keeps me away from my main computer during trading hours. Save for driving home over lunch it’d be a pain to trade without it having to make buys without seeing the exact price I’d be coming in at.
    Dividend Reaper recently posted…July Dividend IncomeMy Profile

    • Hi DR,

      How true. Our mobile devices can really free us from our work bonds and allow us to check and tweak our portfolios as we see fit without anyone’s formal knowledge. It’s almost too easy to trade these days when compared to just a few years ago. I appreciate your comment.

  2. I recently needed to sell some shares in my Robinhood account and did so all right on my phone. It’s amazing and sometimes we take for granted how convenient it really is. I used to dream about being on the beach and making trades on my laptop. Well, now I can do the same, but with my mobile phone. And, I can do so on the train, plain, beach, or in another country.

    I can’t wait to see what technology does 10 years from now.
    Dividend Portfolio recently posted…July 2017 Dividend Income ReportMy Profile

    • Hi DP,

      I really believe we cannot even imagine what technology will be like in ten years time. Things are changing so rapidly today and only increasing in speed that some new device, app, site or something not even invented can be the defacto manner in which we invest and do other things. Bottom line, it’s pretty cool your phone has the power to buy and sell stock at any time from any where. Thanks for sharing your Robinhood experience.

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