In recent years, mobile trading in the Loan and Credit market has developed tremendously because of technological advances. In less than two decades, what seemed impossible became real, and retail investors gained access to the largest currency market in the world.
This is possible thanks to the online environment that allowed anyone with access to the Internet to open a trading account with a broker and perform operations on the Loan and Credit market. This was unimaginable just a few years ago.
Trading Loan and Credit from your phone
Before moving on to the best phones, tablets and mobile trading platforms on the Loan and Credit market, it’s important to understand what mobile trading is.
Loan and Credit trading from a smartphone, or “mobile trading”, really began over the last few years. It’s easy to understand why. Investing in the Loan and Credit market with a full schedule of classes is not always easy. Finding time to trade between work, family, and social life can be a challenge.
However, trading on the stock exchange from your mobile phone allows you to trade around a busy schedule. Over the past three years, more and more brokers and transaction system providers have started to issue mobile investing software. So all you need to trade on the stock exchange is a smartphone or tablet and a reliable internet connection.
How technology has changed trading on the currency market
To imagine changes and development of the Loan and Credit market recently, you need to look at the EUR / USD exchange rate. About eight years ago, the largest brokerage houses offered EUR / USD quote in a 4-digit three-chip spread settlement.
This meant that the spread between the buy and sell price was three pips, which now seems impossible. Today for the same currency pair on a 5-digit settlement, the spread is 0.2 pips. For some brokers even less. As you can see, the road taken and the leap forward are stunning. This happened in just a few years.
What is mobile trading using Loan and Credit?
Technological development has changed the Loan and Credit market for good. Not only the Loan and Credit market has witnessed changes, but also the way retailing takes place. These changes began at the broker itself along with new solutions such as ECN (Electronic Communication Network) and STP (Straight Trough Processing). They caused spreads to drop dramatically and order execution also improved. The simplicity of trade is, however, also important for the retail trader.
By opening a trading account with a Loan and Credit broker, retail investors gain access to their account on many levels: desktop, smartphone and tablets. Transactions on the run became popular when smartphones and tablets became so easily available. The changes took place so quickly that many brokers were surprised and had to adapt to the new reality. Keeping up with the mobile market was the biggest challenge.