Would you like to be chatting with someone? or making profits?
Listening to music on your way is fun, but don’t you want to do something more exciting?
Use this idle time to open and close positions, explore instruments you can trade and leave the station with a smile.
Now “Investing” is very easy to start for anyone, and you can start with very small amount of money.
Start trading in 3 minutes, on your mobile phone, with only $100 is simply achievable with many online Forex & CFD brokers.
How to start trading through your Phone?
Follow the steps below and you may start trading immediately through your mobile phone.
1. Sign up with a Broker
There are hundreds of Forex brokers in the world.
You can find the list of Forex brokers from here.
With XTrade, you can trade FX, Commodity, Stocks, Equity Index, Metals, Energies and many more financial instruments online.
Just opening one live account will give you access to all of these products.
2. Make a Deposit
Normally, online Forex brokers require from 5 USD to 500 USD to start trading. *or equivalent amount in other currencies.
Make a quick deposit to the broker you have chosen, using the method which the broker accepts.
3. Download Mobile Trading Platform
Installing the mobile platform is very easy.
Just go to “App Store” for iPhone or iPad, or go to “Play Store” for Android devices. Then search for the name of the platform which your broker provides.
Install the app, and you are almost ready to be productive anywhere and anytime.
4. Access and Start Trading
Open the platform on your mobile phone, and login to your trading account. Now, you should see your funds credited in the account, and use the fund for trading.
You can now trade anywhere and anytime you want as long as you have the phone and internet connection.
Merit and Demerit?
Trading by using the platform on windows PC/MAC PC is very standard in retail Forex market, but trading through mobile trading platform is another option.
There are some merits and demerits you may want to know when you trade using mobile application, which are:
- Restrictions on usage of some EAs
- Easy to mistakenly place trades
- Hard to look the big picture of market movement
When you trade Forex, you may use both mobile and PC version of platforms, so you can get the maximum benefit of each platforms.