It is well-known that one of the most innovative and adaptable industries in the world is the trading industry. Stockbrokers were some of the first to fully commit to the Internet, and several of the biggest technical developments this past decade have come from trading companies.
Moreover, in the last few years, we have seen all the major trading companies spending more of their focus on adapting to an ever-growing mobile world. Online brokerages that have relied on web-based tools and computer software are starting to see the benefits of offering mobile tools and the development is moving rapidly.
In fact, mobile trading solutions have already become so efficient that we see no other option than it being the main option for traders in the future.
What Can You Trade on Mobile Devices?
Only a couple of years ago mobile trading apps were very limited, and you were lucky if you could do more than just analyze certain instruments with them. Today, the available apps are world’s away from that, and you can literally trade anything you want on your smartphone or tablet.
Stocks were some of the first instruments to be included on mobile trading apps, and to this day the best stock trading apps are dominating the market. Forex was the second market to be “mobilized,” and after that, all other markets followed suit.
As BullMarketz mentions in the article linked above the market has grown tremendously the last couple of years, and it does not seem to be slowing down.
Lately, the cryptocurrency boom has resulted in an influx of mobile tools for cryptocurrencies. And currently, we are witnessing a race where online brokerages are fighting to be the leading provider of mobile trading opportunities for all instruments.
The Leading Mobile Software
Even if you’re not trading on mobile software yet, you’re probably aware of some of the leading platforms out there. For example, Robinhood is an American stock trading app that has changed the way we trade by offering a completely free service without fees and spreads. This new approach to trading has given Robinhood a lot of well-deserved time in the spotlight, and the app is now considered one of the best trading apps of all time.
In the forex industry, well-established developers such as MetaQuotes have been working tirelessly to optimize their software for mobile trading and today the MetaTrader 4 is dominating the mobile forex trading sphere.
That being said, the development is moving so rapidly that it’s almost hard to keep up with. And with new apps and tools being launched on a weekly basis, we expect the market to look completely different just a year from now.
Where Is Mobile Trading Headed?
As mentioned, the development is moving very fast, and no one really knows where it will end. What we do know is that mobile trading is becoming more and more popular to the point where more than half of all transactions are performed on mobile platforms.
For example, in 2017 the leading CFD broker Plus500 saw over 40% of all trades being done on their award-winning mobile software, and they are expected to break that record with large margins this year.
And the trading companies are not the only ones who see a transition from desktop to mobile. Ericsson recently shared “Between 2016 and 2022, the traffic generated by smartphones will increase by 10 times”
Whether you like it or now, mobile trading will be a part of the future, and if you haven’t started adapting to it yet, it’s about time you get started.
In fact, if you haven’t tried some of the leading trading apps out there, we suggest you do so. Who knows, it might even change the way you trade forever.
With all that being said, mobile trading will never be able to completely take over the industry. Professional day traders still rely on using large screens with several analytic tools for their trading and so far there is no way of setting up a day trading rig using only apps.