SYDNEY, April 4, 2012 /PRNewswire/ --
Mobile trading has become increasingly powerful over the past few years - no longer relying on their computer-based trading platform for access, financial news, and trading tools; traders can trade on the move, wherever they are and whenever they want.
Here we talk to the 'CFD Trader' who offers an insight into the world of mobile trading, as well as trading CFDs with City Index Australia, who offer a range of professional trading platforms.
The CFD Trader talks Mobile Trading
Q. Have mobile trading apps always been this popular?
"In the early days, when mobile trading first became established, it could be said that it was met with a certain level of skepticism; traders were cautious to leave the comfort of their more traditional trading platforms.
However, as time has progressed, developments have been made with the rise of the smartphone; mobile trading offers traders full and secure access to not only their trading platform, but their account whereby they can both trade on the move with live market prices and view/amend account information - at a time and location to suit them.
This can all be made possible through the City Index Australia mobile trading app."
Q. What does this mean for the traditional trader?
"This heightened access means two things - one, traders never miss a trading opportunity again; two, for those who trade part-time (the not-so-traditional trader), they are able to incorporate trading CFDs around their lifestyle, easily and securely.
On this note, the 'modern trader' - who we are seeing more and more within both the CFD and forex trading arenas - can now access thousands of financial markets and currency pairs, both through online and mobile trading platforms, as well as the traditional computer-based platform.
This new type of trader is no longer based within an office or tied to a desk; they include part-time traders, professionals in full-time jobs and even those who are retired.
It could be said, that with more opportunities now being made available to this modern trader, the more the traditional trading platform - and the traditional traders themselves - have to take a back-seat."
Q. What mobile trading app would you suggest?
The iPhone CFD Trading App from City Index Australia offers traders a range of invaluable features for when trading on-the-move.
Using this app, I can check the latest market prices and movements, whilst opening and closing - as well as monitoring - my positions, from wherever I am, at a time that suits me.
In addition, I can view and amend my Watch Lists and also go as far as creating, viewing, completing, amending and cancelling existing orders.
Most significantly, I can easily follow my trading strategy and in particular, my risk management plan, through setting stop loss orders to help keep me safe whilst trading.
On the note of safety; all of these actions can be done whilst being confident that my information and transactions are secure.
For all these reasons, I would suggest the iPhone CFD Trading App from City Index Australia."
CFD trading with City Index Australia enables its traders access to a professional iPhone trading app, which as we have seen above from the 'CFD Trader', is a professional and secure application, incorporating access to the platform, your account and risk management tools.
So for those of you considering trading part time, consider an account with City Index Australia.
About City Index:
Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.
City Index is a leading global provider of margined foreign exchange and CFD trading. As a group, we transact in excess of 1.5 million trades every month for individuals in over 50 countries worldwide. To learn more visit: http://www.cityindex.com.au/
SOURCE City Index Australia