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Trading From Your Phone

  • Poll

  • Do you use your phone for trading?
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  • #1
  • First Post: Aug 18, 2018 11:31am Aug 18, 2018 11:31am
So I've been meaning to ask for ages...
Who trades from their phone?

Most people imagine traders sitting at a big desk surrounded by numerous monitors and I feel that most would not admit to trading off their smart phones, in case it makes them look unprofessional.

But there are a lot of advantages of course! So, I would like to know who is happy to admit to using their phone for any or all of the following:

- Scanning charts.
- Keeping an eye on prices on the go.
- Actually making a trade or setting an entry order.
- Keeping an eye on an open trade.
- Tweaking an open trade (e.g. moving stops, targets).
- Closing a trade.

I am happy to admit to doing all of these things!

What about the rest of you? Pros and Cons for doing so? Any good or bad experiences?

P.S. I'm not sure how to initiate a poll on FF, it would be interesting to see one for this question. Anyone enlighten me? Thanks
  • #2
  • Aug 18, 2018 5:26pm Aug 18, 2018 5:26pm
Smart to stay connected. So, on the go a laptop is a bit much. My wife has a husband that sneaks a laptop into the restaurants....

A smart phone, did ya know, is not subject to all the trouble from malware
  • #3
  • Aug 18, 2018 9:32pm Aug 18, 2018 9:32pm
i guess it's depending on way that you use for trade.... i tried before phone but things was hard not same chart as you sit on laptop and see thins clear... sometimes i see things in wrong way on phone .... especially if you scalper and want to sure what you see on screen is right and in case you need to manage risk and move stops quickly etc before you go through.... it's require me long time to can use my phone --- i guess swing traders will not find it hard. again it's all depending on way of each of us.

(Note:after bad experiments , not good to have way that keep you stuck to your screen or your phone most the time and keep checking every 5 minutes a lot stress and ruin your life with family and friends even if it's successful way )
  • #4
  • Aug 18, 2018 9:43pm Aug 18, 2018 9:43pm
From what I understand, it's not possible to have any custom scripts, indicators, or EAs on mobile devices. So, it would be difficult to trade with any advantages using only the phone.
  • #5
  • Aug 19, 2018 6:53am Aug 19, 2018 6:53am
I use my phone to keep an eye on my trades, for the most part. I don't do technical analysis and I try to avoid opening new positions from it. I prefer to be settled before my PC when I do that.
  • #6
  • Aug 19, 2018 6:55am Aug 19, 2018 6:55am
Quoting Gbp/jpy
Smart to stay connected. So, on the go a laptop is a bit much. My wife has a husband that sneaks a laptop into the restaurants.... A smart phone, did ya know, is not subject to all the trouble from malware
Really? I've heard there are viruses and malicious code written for mobile operating systems too.
  • #7
  • Aug 19, 2018 8:07am Aug 19, 2018 8:07am
Thanks for the replies

I agree, phones are great for keeping an eye on trades (but not too much!) when we are away from home/office. Especially when price alerts are set for e.g. breakouts.

I guess it's all about consistency and charts do look very different on a large screen and a small smartphone screen. Well the same in essence but you know what I mean...

You can add indicators onto your charts in some trading apps, but I trade naked anyway (naked charts I mean...)
  • #8
  • Aug 19, 2018 8:19am Aug 19, 2018 8:19am
Guess this is one of the best thing that could pop out for me in order to trading throw smartphone -honestly. Can keep training when i'm in work, see the price track news for impact to the currencies, can take position straight away when need it do not need come back from work in order to entry into the market. So this is very good thing i'm actually very surprise very few people compare market retail traders using this kind of smart solution for making profit, maybe they didn't find out, yet, how useful it is. In home using as a second monitor for trading, no need put on the table one more big, fancy monitor.
  • #9
  • Aug 19, 2018 8:30am Aug 19, 2018 8:30am
Quoting Arturke
Guess this is one of the best thing that could pop out for me in order to trading throw smartphone -honestly. Can keep training when i'm in work, see the price track news for impact to the currencies, can take position straight away when need it do not need come back from work in order to entry into the market. So this is very good thing i'm actually very surprise very few people compare market retail traders using this kind of smart solution for making profit, maybe they didn't find out, yet, how useful it is. In home using as a second monitor...
Yes I'm surprised too! I think maybe some traders don't want to admit they use phones because it somehow comes across as amateur-ish. After all, isn't a successful trader meant to have lots of monitors and a huge desk and a smart suit?

I like to keep it simple too and honestly, if I can't see a trade within a couple of seconds of looking at a chart, then there's no trade for me. Whatever screen it's on. The hardest thing is discipline to not look at my phone too often but I'm getting a lot better now. I used to have to set an alarm and not look at the chart until the alarm went off!
  • #10
  • Edited 8:51am Aug 19, 2018 8:38am | Edited 8:51am
Quoting tradesimply
{quote} Yes I'm surprised too! I think maybe some traders don't want to admit they use phones because it somehow comes across as amateur-ish. After all, isn't a successful trader meant to have lots of monitors and a huge desk and a smart suit? I like to keep it simple too and honestly, if I can't see a trade within a couple of seconds of looking at a chart, then there's no trade for me. Whatever screen it's on. The hardest thing is discipline to not look at my phone too often but I'm getting a lot better now. I used...
Yeah, yeah exactly if your have lot of monitors its means your pro actually it does in mean your pro, how im saying less is more while this is only my opinion, believe people have more to say
  • #11
  • Aug 19, 2018 9:26am Aug 19, 2018 9:26am
I use my phone to keep an eye on my orders and pending orders to see the profit i have gained.
My VPS does all the work. Phone? just for monitoring money i earned. Sweet combo.
Profit growth tells you the trader ability.
  • #12
  • Aug 19, 2018 9:41am Aug 19, 2018 9:41am
Quoting voketexpert
I use my phone to keep an eye on my orders and pending orders to see the profit i have gained. My VPS does all the work. Phone? just for monitoring money i earned. Sweet combo.
mobile device cant be powerful than desktop. Let your money does everything to you.
Thats why im always able to to be going live. Profit? always growing as time goes.
Profit growth tells you the trader ability.
  • #13
  • Edited Aug 20, 2018 11:53am Aug 19, 2018 3:06pm | Edited Aug 20, 2018 11:53am
Quoting tradesimply
{quote} Yes I'm surprised too! I think maybe some traders don't want to admit they use phones because it somehow comes across as amateur-ish. After all, isn't a successful trader meant to have lots of monitors and a huge desk and a smart suit? I like to keep it simple too and honestly, if I can't see a trade within a couple of seconds of looking at a chart, then there's no trade for me. Whatever screen it's on. The hardest thing is discipline to not look at my phone too often but I'm getting a lot better now. I used...
I trade entirely off my smartphone. I don't need a laptop/pc/tablet or whatever. As long as I am near my smartphone and connected to Wi-Fi/have signal, I'm able to scan the charts in a span of 10-15 minutes at a certain time every single day and then determine if I need to make a decision to buy or sell. It's not that I can't use anything else, it's because I prefer it this way.

Quoting tradesimply
{quote} Yes I'm surprised too! I think maybe some traders don't want to admit they use phones because it somehow comes across as amateur-ish. After all, isn't a successful trader meant to have lots of monitors and a huge desk and a smart suit?
I totally can see why it would come across as unprofessional, but if you are making money using something as simple as your cellphone, truthfully what does the person with 5 monitors and dressed in a suit have to say about it? You are doing the same job as this person, but have the luxury and option to be in your drawers all day in the comfort of your own home, while this person is trying so hard to feel important by displaying this ridiculous stigma of what a trader has to look like in order to trade "correctly" and "professionally". Lol... yeah... right.

Quoting tradesimply
{quote} I like to keep it simple too and honestly, if I can't see a trade within a couple of seconds of looking at a chart, then there's no trade for me. Whatever screen it's on. The hardest thing is discipline to not look at my phone too often but I'm getting a lot better now. I used to have to set an alarm and not look at the chart until the alarm went off!
That's the rule I live by, I can't agree more If I open up a chart and am not able to INSTANTLY see a potential opportunity, I don't think about it and move on. Because when that chance pops up, you will know. As simple as it gets.
  • #14
  • Aug 19, 2018 3:39pm Aug 19, 2018 3:39pm
Love your honesty Chart1st!

I know it shouldn't matter, but it's good to know I'm not alone!
  • #15
  • Aug 21, 2018 11:51am Aug 21, 2018 11:51am
Quoting Protector
{quote} Really? I've heard there are viruses and malicious code written for mobile operating systems too.
That's true, which is why it's important to stick to sites you trust if you use that particular phone for trading.
  • #16
  • Aug 21, 2018 8:39pm Aug 21, 2018 8:39pm
Quoting Protector
From what I understand, it's not possible to have any custom scripts, indicators, or EAs on mobile devices. So, it would be difficult to trade with any advantages using only the phone.
Of course that's assuming you view custom scripts, indicators, or EAs as "advantages"
  • #17
  • Aug 22, 2018 1:21am Aug 22, 2018 1:21am
Trading from phone? NO way. I will check how my EA is doing when Im away from desktop/laptop but would not actually make trades.
  • #18
  • Aug 22, 2018 2:07am Aug 22, 2018 2:07am
Hey everyone,

Thanks for your replies so far, great stuff!

Just to let you all know, the lovely admin at FF have shown me how to add a poll to this thread so feel free to add your vote. It should be interesting to see the results...

All the best

TS
  • #19
  • Aug 22, 2018 11:31am Aug 22, 2018 11:31am
Quoting tradesimply
Hey everyone, Thanks for your replies so far, great stuff! Just to let you all know, the lovely admin at FF have shown me how to add a poll to this thread so feel free to add your vote. It should be interesting to see the results... All the best TS
I like the addition of the poll and I'm curious to see what the results will be.
  • #20
  • Aug 22, 2018 10:03pm Aug 22, 2018 10:03pm
Quoting Chart1st
{quote} I trade entirely off my smartphone. I don't need a laptop/pc/tablet or whatever. As long as I am near my smartphone and connected to Wi-Fi/have signal, I'm able to scan the charts in a span of 10-15 minutes at a certain time every single day and then determine if I need to make a decision to buy or sell. It's not that I can't use anything else, it's because I prefer it this way. {quote} I totally can see why it would come across as unprofessional, but if you are making money using something as simple as your cellphone, truthfully what does...

Hello Guys,

Trade from a smartphone!
I do!
In these times of Trump why not. Trump sneezes and moves the market 20 - 30 or more pips. A Twitter account and a trading account on a smartphone is a pretty good scalping strategy. Easy pips for when you can't be at your laptop or desktop.
Anyway, whatever edge I can get I'll use it if it works.
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