iPhone Forex Trading App - City Index's Mobile Trading Platform
City Index is a CFD provider and in the UK additionally offers spread betting. If traders have an iPhone and wish to trade from this devices, they may do so via City Index's intuitive iOS mobile trading app. Mobile and desktop trading are different kinds of trading experiences. On mobile it is necessary to trade within a small screen space, while on desktop it is possible to enlarge charts and trade with space. However the basic functionality is the same, so if the trader is used to using a mobile phone, then it can be possible to use this as their trading device.
If the trader does not feel comfortable opening orders on mobile, then they may do so after analysis on desktop and use the phone for the important task of monitoring a trade. However analysis can also be performed on the mobile app. There are 60+ technical indicators, TradingView Charts and a range of chart price types to be chosen on the City Index mobile app. The trader can view charts in landscape mode and make use of the screen area available.
Monitoring trades is a key task in trading, though it may be done for reasons which are not entirely analytical, for example curiosity or emotional motivations. There is a balance to be struck between monitoring a trade and becoming too fixated on it. Markets are complex and can be prone to adverse moves, even if they work out.
A well chosen stop-loss can provide a measure of protection for trades which go awry, and from sudden moves about which the trader may not be able to do anything about anyway - except check an economic calendar before making a trade to see what data may affect a particular market. There may be some emotional succour to be gained from placing a trade on desktop then monitoring it via mobile, if the trader finds that they tend to get too focused via desktop on the complex movement markets can show as they trace out patterns, volatility and momentum.
The trader may find that they trade more comfortably from mobile and may wish to pursue this approach. If the trader wants a middle ground, they can trade on an iOS tablet (an iPad). Tablet trading can have advantages of desktop (space) and mobile (high definition screens). Mobile trading may offer this advantage, the capacity to continue with other work, while carrying the trade with you, as it were, instead of being tied to the desktop computer as the trade progresses. In all events, the trader may wish to try a demo first.
