In the past and over the current years, the trading market has been dynamic and has slowly shifted its trend to match the current technological advancement as well as the need for improved and easier methods of trading. One can notice that a shift in this market is happening and it involves moving from desktop trading to mobile trading. This has been so particularly due to the improvement of the functionalities of smartphones in addition to reaching the traders who can now use their mobile applications to trade, to make their transactions and to get information on the markets at a simple touch on the button.

The Rise of Mobile Trading

Several factors have led to the increase in mobile trading; these include the use of mobile phones, improved internet connectivity on mobile phones and the need for flexibility among the traders. Such mobile trading applications and other similar apps enable clients to open their accounts and participate in the market as well as contribute to the efforts of the company as if they were sitting in front of the trading desk or a personal computer. Whether it is the morning traffic jam, the trading room, or the comfort of one’s armchair, traders can follow the market and both, set up positions in it, through their portable devices.

This has paved the way for the growth of the financial markets and therefore trading for many people. It has also given rise to innovations in the aspects of features and functions that are specifically suitable for the mobile platform. For instance, mobile trading applications contain aspects like push notifications, real-time market data and a simpler interface that is suitable for the mobile screen making the whole process of trading easier.

Key Trends Driving the Mobile Trading Revolution

The following are some of the factors that have greatly impacted on mobile trading. As such, the information about these trends is important for predicting the further development of trading activities and choosing proper service providers for the trading activities.

• Increased User Engagement: On the same note there are many cases of mobile trading applications whose design is conceived in a manner that helps to increase the activity of the users more than what is observed in the desktop trading applications. Assertive features such as alert, social trading, and other fun factors like the trading game inspire the users to trade. As a result, the total count of traders who keep their accounts has increased, as have the applications for mobile interfaces.
   
• Real-Time Access to Market Data: In the matter of the pros of the mobile trade, the most important is the ability to get information in real-time regardless of time and space. Investors do not have to wait in front of the computer and open their accounts to check their investments. The mobile applications offer real-time quotes, real-time charts and news through which the trader can trade and make decisions quickly.
   
• Social Trading and Community Features: As a result, it has turned into one of the ways through which new traders can mimic the strategies of other traders including professionals. This is where other mobile trading applications like the eToro have provided solutions for this by providing features that enable one to follow other traders’ trades. Given the fact that the trading process is rather decentralized, many newcomers can easily enter the market and start practicing their trading skills.
   

Best Mobile Trading Apps to Keep an Eye On

Trading through mobile has become more and more common and as a result of this, many applications are available in the market and the following are some of the best. These platforms have different aspects that they offer to the traders depending on the category of the trader ranging from the newbie to the professional. Below are some of the best mobile trading apps that one can use today.

eToro

eToro is one of the most recognized mobile trading apps created with a simple layout and social trading features. The platform has several trading instruments with which one can invest in stock, crypto, forex and commodities. One more useful option on the platform is the CopyTrader option which allows the user to copy the actions of other traders. This therefore makes eToro favorable to new traders who want to trade and at the same time learn from other traders.

AvaTrade

Another option to the above-mentioned mobile trading apps is AvaTrade whereby the trader will have an opportunity to engage in forex trading, stocks and even the newly emerging cryptocurrencies. The AvaTrade app is fairly user-friendly and the interface of the application is quite simple and can be fully customized to suit the user’s preference. Apart from the above, AvaTrade has more features such as trading robots and educational material that will be useful for the novice trader as well as the experienced trader.

Pepperstone

Pepperstone is a perfect application for mobile trading that is focused on forex and CFD trading. The app is designed in such a way that it is suitable for traders who would want to trade fast and efficiently and this app offers fast execution of trades alongside other trading tools. Pepperstone mobile application has other features such as push notifications and one-click trading and as such suitable for traders who need to make quick decisions in the market.

Conclusion

Mobile trading is an important innovation in the financial markets and is a result of advancements in technology and the modification of clients’ demands. This is because, through the current technology especially trading applications like eToro, AvaTrade and Pepperstone, investors are now in a better position to handle their investments. Consequently, the need to understand the current developments in the mobile trading industry and choose the right platforms for one’s exercises and strategies cannot be overemphasized.