The Past of ForexIn the past, the foreign exchange market was a static thing. Trading was something you would do from your desk. In the early days of trading, you would ring up your broker and they would place a trade for you. The next phase in the evolution of investing was when the brokers gave back power to the investor, allowing them to place trades from the comfort of their own homes on their computers. This came about from the rise and proliferation of technology, and allowed trading to become more inclusive. In other words, if you had a computer and a connection to the internet, you could be a trader.
Modern Trading PlatformsAs desktops started to become outdated and general consumers moved over to laptops, trading started to become more portable. This meant that people in the investment scene could start to do more in shorter spaces of time. It also meant that the trading platforms investors had been using to place trades have adapted to work more effectively in a portable market.
Modern trading platforms allow their users to log into their accounts, absorb chart data in real time and open and close positions on the fly. Crucially, this is done without intervention from the broker. As the twenty first century has progressed, we’ve seen the trend to smaller and more portable devices continue, ultimately with smartphones and tablets becoming more and more of a viable way to browse the internet.
Mobile TradingNow, a number of large brokers have taken the next step and have created versions of their trading platforms that work on phones and tablets. This means that as well as having full access to the features of a standard trading platform, you can now trade from anywhere in the world, at any time of the day.
There are a number of benefits to this, the obvious one being that you’re no longer forced to sit at your desk all day to make a trade. You can even set your platform so that it follows the trading strategies of successful investors (although this is a dangerous strategy). If you’re a new trader, there’s never been a better time to get into the world of investing as you can set up a trial mobile ECN account and then start trading without risking any real money. The best way to learn to invest is to make investments, and mobile trading helps to facilitate this by allowing you to do so anywhere.
So ultimately, trading FX from anywhere is straightforward in the twenty first century: all you have to do is create a trial account on your phone and start making investments.