By Yael Warman
With most of the forex industry now offering trading apps, the trick for customers is to familiarize themselves with the technology available so as to ensure that they are able to utilize the app to the best of its capabilities. In this article, we will discuss some of the less well-known functions that an app can offer you (the trader), and where some of the industry is ahead of the game in comparison to their rivals. Brokers have realised that traders wish to do more than a simple trade on their mobile devices, and are bringing a full range of innovations to the mobile experience.
1. Use the Guide
Almost all apps have built-in assistance, and customers should be prepared to use this when first utilizing the mobile app to login to their accounts. Such guides are incredibly useful when it comes to understanding where certain functions are located, and how to set up alerts.
2. Customisable Homepage
It’s important to note that only in the vicinity of 205 of brokering apps offer the ability to customers to alter the layout and content of a homepage. For traders who may be constantly on the move, and thereby require quick and easy access to trading options, this is a particularly helpful element of an app. Fortunately, there are companies who are offering this function, and traders are well advised to take advantage of it.
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3. Trigger Alerts
In the past year, several trading apps have become adept at ensuring that customers are immediately notified when certain pre-set conditions are met by the market. These allow you to place an order to purchase a currency pair when the price reaches a certain level. The app will then provide you with a notification when the price is reached, allowing you a one-click option to place the transaction without the need for any further action.
4. Watch Lists
A watch list can be a trader’s most important asset, and should be updated constantly to reflect current interests and potential investments. Customers are now able to create and edit watch lists on the go, ensuring that they can keep an easy eye on currency pairs that could potentially be of interest to them. These lists now provide one touch access to graphs and other valuable data, as well as the opportunity to trade.
5. Mobile Payment
For forex traders, there’s nothing more frustrating than wishing to place a trade and finding that they have no funds in their account. Traders should ensure that they know how to add funds, and that the apps they are using allow easy addition of funds whenever necessary. One-wallet options are critically important features in today’s rapidly moving trading world.
Overall, traders are advised to ensure that they are fully aware of the capabilities of their mobile apps. Take the time to research your app, and you’ll reap the benefits on a constant basis.
About the Author:
Yael Warman is a creative writer with a strong background in marketing and advertising. Yael has been a writer for over 10 years and has worked for clients in various industries as well as her own companies and is currently the Content Manager at Leverate.
