A huge majority of the general public now own a smartphone and it is used for many aspects of everyday life. Many people would simply not be able to function without them, as they are used as a means of entertainment, to socialise or to even look up a recipe for an evening meal.
As technology has advanced, so have smartphones and they are now taken with us at all times in our busy lifestyles. More and more has become available on them, from games to now banking. The latter is now widely used by many, who would rarely visit a branch, and sort all their finances from their smartphones. This is why they are now becoming the new normal for traders also, in comparison to previous times and doing this over the phone or on a computer. Many people are always travelling on the job, so finding a computer in order to place trades would simply not be possible. That is why mobile trading has seen a real surge in recent years, as traders do not want to miss an opportunity that may arise. That has led to many smartphone based platforms now becoming widely available.
When it comes to the different forex brokers available to trade with on the stock market, there are many to choose from. This has led to many great offers available to investors, due to the competitive industry. When trading, it is simply all about timing, and buying and selling at the correct times. There can be some volatile times, which traders will need to get out in order to not lose much of their investment portfolio, something that many traders will have felt during the current pandemic. Furthermore, in light of the extreme volatility caused by the pandemic, it’s likely that an array of new traders are seeking to dip their toe in the trading market – especially if they feel the opportunity is there for a quick win. For those new to the game, a forex demo account is a good option, as it offers risk free trading, and helps the newcomer to understand the concept of the activity.
The coronavirus has been a truly unprecedented period of time, which has badly affected economies around the world, with businesses closing. This is going to take a lengthy period of time, for many businesses to return to their former glory. The impact on the stock market was also vast, with many falling greatly and in the UK the stock markets suffered the worst opening quarter since 1987. This saw the Dow Jones Industrial Average fall by 23% and the London FTSE 100 fall by 25%. On top of this, the S&P 500 lost 20% in this opening quarter, further giving an indication of just how negative an impact the coronavirus has had on the different markets.
Despite this initial negative impact, many markets are now beginning to recover around the world. Many investors feel it is a great time to invest, with markets only likely to go up, as they currently stand at a near all-time low. Most economies are going to likely take a lengthy period of time to recover, but these stock markets are seeing a rally, with vast amounts of money being pumped into the economies in order to keep them afloat. On top of this, interest rates are very low, so many will also feel that this is a great opportunity within business and for growth moving forward.
That is a further reason as to why many are looking to invest, with smartphones devices proving popular. There are also a number of features and aspects of a smartphone that you should be looking for, in order to help make the process as easy as possible. The first of these is the display, which you want to be both bright and clear. Many of the top products of the market will provide this. Another feature to look for is battery life, which has long been a problem with many devices. If you are busy using them for lengthy period of the day, then a strong battery is a necessity. Screen size is also another important aspect, as if using a small device then it could be difficult to keep track of the figures on the page when trading. Again, there are many devices now on the market that offer a decent sized screen. Finally, the speed of the device is another very important factor, with many of the top operators continuing to look to improve this with their near releases.