The forex market is a volatile global entity, and nothing reflects this more effectively than the recent events in Russia. After social and political instability triggered rising levels of activity and speculation, the market became extremely volatile and placed investors’ capital at risk. While this risk has been largely negated by the efforts of the Central Bank of Russia (CBR), the portents for instability in the foreign exchange mean that traders must be alert and proactive at all times.
The Benefits of iPhone Trading Applications
With this in mind, it is easy to see why mobile trading applications, particularly those accessible through the much vaunted iPhone, are so popular. Let’s consider the following benefits of iPhone trading applications:
Image Source: Pixabay
Access News and Trends in Real Time
Regardless of the platform or operating system you are using, the major advantage of mobile trading applications is the fact they can provide users with access to real time economic news and trends. This is central to effective decision making, especially in a volatile marketplace where prices can shift suddenly and without warning. While it may not be necessary to constantly tweak your portfolio according to every shift in the market, accessing the latest news in real-time at least enables you to make an informed choice.
Trade Online at Any Time Using your Mobile Trading Account
With 4G connectivity and a reliable Internet browser, the iPhone series is arguably unrivalled for mobile surfing and online comparisons. Such reliable connectivity also enables you to access your mobile trading account at any time, which in turn enables you to monitor your progress in real-time and execute time-sensitive financial decisions. Thanks to the level of innovation present in iPhone models and forward-thinking forex applications such as Think Forex, it is also possible to access accounts in offline mode and maximise your productivity as a trader.
Improved Graphics and Visualisation
While the iPhone has not always been synonymous with outstanding graphics, this has changed with the release of the iOS 8. Featuring an improved graphics engine called ‘Metal’, it allows for higher quality visuals and presents imagery in a far clearer light. This is important for traders, especially those who like to visualise their portfolio and invest using charts or historical data. By accessing their accounts and data through the iPhone 6 or previous incarnations, it is possible to process clearly data quickly and make swift decisions.