Mobile Forex Trading

IG Index, the leading UK spread betting provider, has just launched a version of its trading platform to Android-enabled phones. The company was providing trading for iPhone since the summer of last year but was lacking an application to fit the growing android market. Until now, IG clients using an Android phone had to use a browser to access trading and the features available were limited. With this new application, they can now access all features already available for iPhone: check live prices; trade in all markets; create watch lists; consult market stats; create stop and limit orders; monitor open positions at a glance; check real time balance, profit and loss and margin requirements; access Reuters news; visualise charts. According to IG Index, 25% of its clients already trade on a mobile device. The boom started with the iPhone popularity but the market is expanding quickly to Android-enabled devices. The research firm Gartner showed that Android-powered devices represented 36% of worldwide smartphone...

Spread betting is a risky game of trading in which you can lose more than you have in your account. That's because of leverage. Every time you buy or sell a market, you just need a small fraction of your total trade – a margin, which can be as low as 1-2%. If the market goes against you quickly, then you could be in trouble. That's what most people think – but are they correct? Spread betting has in fact some risks, and losing more than what you have in your account is a real possibility, but depending on your provider and on the type of trades you carry, it can be a really low one. Before going broke, there is a margin call trigger, in which most providers will automatically start closing positions you have in your account until the margin is again satisfied.

When compared to trading in other financial instruments such as equities, trading in Forex has some distinct advantages. They include: • The Forex market is the largest financial market and thus no single person or entity has the ability to corner or dominate the market. • The Forex market has an average of $3.2 trillion dollars per day. With such a large volume, no one can hope to control the market for an extended period of time. • Taking charge of your own finances. You will be able to harvest better returns than those of mutual funds or hedge funds. • The initial capital outlay is low when compared to equity trading. • The Forex markets moves in patterns. Thus with technical analysis, one can actually predict the trends in the Forex market. • There is a high level of leverage to utilize when it comes to Forex trading unlike the equity market. • With 24 hours trading and its high trading volume, the Forex market is...