Best mobile trading platform in India
The main characteristic of the modern world is hyperdynamics and mobility. We are constantly on the move. To be successful, you must always be "active", here and now. For this reason, various mobile applications have become especially popular, which are always at hand, wherever we are. We order the delivery of food, clothes, medicine or even flowers via mobile application, track the parcel, book a hotel, order a taxi, listen to video books, study, communicate, etc., using mobile applications.
Due to the high level of competition in the world, companies are allocating more and more funds for the development of convenient mobile applications that attract customers with ease of use. Now, a potential buyer can order a product or service directly from the phone.
Trading in this sense is no exception. The best brokerage firms have developed mobile versions of their online trading platforms, through which a trader can access the necessary information at any time, follow investment market news or even make the necessary trades.
Well-known brokerage firms offer convenient mobile versions of online trading platforms, which are not inferior in functionality to their desktop versions.
As far as possible, replicating the full (desktop) version of the platform, mobile applications delight the trader with their convenience, functionality and good graphics. It takes two to three minutes to download the application to your phone, funds are transferred instantly, information is updated in real time and is instantly synchronised with the full version.
In practice, when you download the app, you get a full copy of the full version of the platform, except that you always have access to it via your mobile phone.
It's convenient, fast and practical. Let's take a closer look at how this works and which should be the best mobile trading platform.
Easy download and registration process
Downloading the application is similar to downloading any other application on your mobile: social networks, games, etc. Go to the games marketplace on your device and enter the name of the brokerage firm whose app you plan to download in the search field. Usually, mobile applications of trading platforms are available on iOS and Android and do not take up much RAM on your mobile (all features of the applications will be specified when you download them; read the software requirements of your phone before installing the application).
After clicking on the "download" option, wait for the programme to download completely. Make sure that the shortcut to the platform appears on your phone's screen. If so, click on it and register or log in. If you already have an account on the platform, the system will automatically synchronise all your data and you will see your transactions in the mobile version.
The process of installing an application on a mobile device is simple and requires no special knowledge. This is definitely a great advantage when you are just starting to operate online.
The interface of the programme will be clear even to a beginner. You will immediately see all the main options of the programme: they are conveniently located on the screen, the main ones are highlighted in bright colours.
The only disadvantage of the mobile version of the programme is the impossibility to open several windows on the screen to view them at the same time. This is understandable, because the screen of a mobile phone is smaller than the screen of a computer or laptop. Therefore, traders often download the mobile version as an additional version of the platform. In all other respects, the mobile platform is not inferior to its full version, providing access to all the functions of the platform: tracking, analytics, buying, selling, chat, etc.
Convenient application settings allow you to select the chart type (line, candlestick, stripe or Heikin-Ashi), colour scheme for display, as well as horizontal or vertical display.
The mobile version of the platform allows you to select any time period to track the price trend. The application also provides full access to all indicators on the platform: select one or more, add or remove indicators from the display by simply clicking on the desired option on the panel. Notification settings allow you to display the information you need on the screen; set up automatic notification of a price change and you won't miss important information. Also, adjust the display of the news service: it can be placed on the main screen of the trading room or "hidden". The same with the chat: display it for instant viewing or activate it only when needed, as you see fit.
In other words, in this case, the concept of "user-friendly interface" is not just a popular phrase used for advertising. The platform's mobile application really works for the trader's convenience. Everything you need for successful trading, you will easily find on the mobile application platform.
Choice of financial instruments
Modern mobile platforms provide access to the same assets as their full desktop versions. Depending on your preferences and trading methods, the following financial instrument options may be suitable for you:
- Stock trading. Invest in stocks of global market giants such as Tesla, Netflix, Amazon, Apple, Disney, Tesla, etc. Choose any company of your liking by selecting the "stocks" tab in the "assets" section and selecting the desired option. Invest in CFDs on shares of leading companies and industry giants without actually owning them. CFD (Contract for Difference) is a financial instrument that allows you to trade the movement of shares, regardless of their direction. The key advantage of CFDs is that you can speculate on asset price movements (up or down). Or choose a dividend investment method and receive dividends.
- Trade on the Forex market. Choose popular currency pairs to trade, trade without interruption, using effective spreads.
- Investing in the commodities market, such as gold or oil.
- Trading binary options.
- Cryptocurrency. One of the most popular destinations today.
- ETF trading. Diversify your income by choosing a ready-made "basket of stocks" in the form of an ETF.
As you can see, the choice is really good and all these assets are available without restrictions in the mobile version. You can easily navigate in the selection of the desired object with the help of a mobile application. Bright graphics and recognisable shortcuts make it easy to choose the right one. Select any of the offered assets.
Availability of convenient business tools
The platform has many tools to make trading easier. With features such as stop loss/take profit, negative equity protection and a trailing stop, you can control your profits and losses by setting a critical level for them in advance.
A stop loss is an instruction from a broker to close a trade when a certain level of price loss is reached.
"Stop loss helps traders to reduce risks in case of various technical failures. Suppose that at some point the trader's connection to the trading service is interrupted. You cannot send orders to the broker's server, including orders to close trades. If you have arranged to set the Stop Loss in advance, the broker will automatically close the trade when the level is reached. But if a stop loss is never set, the losses can be much greater.
One type of stop loss is the so-called trailing stop order. The essence of this order is that the Stop Loss level increases after your profit, being at the same distance from it.
Take Profit is a type of order expected from the broker to close a transaction when the price reaches a certain level of profit. If the price reaches the Take Profit level, the transaction will automatically close and generate profit.
In addition, the mobile version (as well as the full version) also has a "multiplier" option, which includes levers. Please note that leverage significantly increases the risk of your trades, so do not use it if you do not have sufficient trading experience.
Availability of indicators for technical analysis
Technical analysis indicators are algorithms that indicate future prices using price data over a period of time.
Each technical analysis indicator is based on a formula. This formula is used for calculations. Depending on the type of indicator or its purpose, the formula may vary. For example, one formula calculates the average price for a given period, another the closing or opening price of the market, and so on.
The mobile platform provides access to technical analysis indicators. You can select the desired indicator and view current trends, even with the help of a mobile application.
Of course, relevant information is always important for the trader. Therefore, the broker did not facilitate the mobile version of the programme by removing the news service. As in the desktop version, the application contains news. Read the company's news or set up a shared news feed and notifications. This way, you'll always have your finger on the pulse of world events.
Up-to-date information is a trader's trump card. By monitoring various economic and political processes, you will learn to analyse their impact on the investment market situation and make accurate forecasts for the future.
In addition to information in the form of current news, the platform offers a comprehensive educational section with video lessons. This section contains all theoretical information, from basic investment concepts to complex methods of technical analysis. The lessons are described very clearly, in simple and clear language, with vivid examples in the charts.
Be sure to use a practical demo account to study. A demo account is a special test account to which the system automatically credits a certain amount of fictitious virtual money. Since the account is completely identical to the real one, you can easily practice making various trades. Watch lessons, perform test transactions with a demo account and track the results. This way, you get your first experience while avoiding real losses.
Other benefits of a mobile commerce platform
In addition to all of the above, it should be noted that the online mobile platform also has advantages such as 24-hour customer support in the form of feedback in different languages, convenient deposit and withdrawal options, instant execution of all operations, -time data updates, fast synchronisation of all your applications (desktop, tablet and mobile versions are synchronised automatically and instantly). Modern mobile applications also have a high level of data protection with two-tier authentication and tracking of all active applications.
Try and test the best mobile trading platform in India. Download the mobile app today, open a demo account and enjoy the flawless performance of the perfectly designed online trading software.