What to use for Trading - Apple iPhone or Computer? | Forex Factory

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What to use for Trading - Apple iPhone or Computer?

  • #1
  • First Post: Feb 11, 2008 9:33am Feb 11, 2008 9:33am
With all of the new application and cell phone mobile technology. what type do you use and why? cell phone technology id huge. I want to be on le beach and make the trade...yeah baby...anyway thoughts?
GREED IS THE ULTIMATE INDICATOR
  • #2
  • Jan 6, 2011 6:34am Jan 6, 2011 6:34am
Quoting fxcellent
With all of the new application and cell phone mobile technology. what type do you use and why? cell phone technology id huge. I want to be on le beach and make the trade...yeah baby...anyway thoughts?

Many brokers offer iPhone and even iPad applications so you good to go. Hell yes, earn money when you are on the beach with beautiful women is awesome.
  • #3
  • Jan 6, 2011 9:25am Jan 6, 2011 9:25am
Quoting LocoGuy
Many brokers offer iPhone and even iPad applications so you good to go. Hell yes, earn money when you are on the beach with beautiful women is awesome.
Man, when you are on the beach with beautiful women, you should be spending money, not earning it...


Regards,

Nader
  • #4
  • Jan 6, 2011 9:28am Jan 6, 2011 9:28am
Quoting fxcellent
With all of the new application and cell phone mobile technology. what type do you use and why? cell phone technology id huge. I want to be on le beach and make the trade...yeah baby...anyway thoughts?
If you want my opinion....The more technology advances, the more I feel I am being ripped off to buy things and use things and get addicted to things that would really make no huge difference or change to my life...

I am very happy with my desktop, I upgrade it once every 2-3 years, I have a small notebook which I bought 2 years ago and having no plans to change anytime soon and I haven't purchased a new mobile phone since 2007.


Regards,

Nader
  • #5
  • Jan 6, 2011 9:34am Jan 6, 2011 9:34am
I must admit I have been considering purchasing a smart phone (Galaxy S or iphone) but trading apps for these devices are limited at best. The only appealing option is using a remote desktop application to connect to my desktop which will have to be running at the time. So its only an electronic leash to my office computer to allow me to step away and have lunch or something.

However, if I really want to step away I will turn OFF the office computer and then that fancy new cell phone is just that...a phone.

Hmmm I may have to think this through a bit more.
  • #6
  • Jan 6, 2011 10:01am Jan 6, 2011 10:01am
Quoting narafa
If you want my opinion....The more technology advances, the more I feel I am being ripped off to buy things and use things and get addicted to things that would really make no huge difference or change to my life...

I am very happy with my desktop, I upgrade it once every 2-3 years, I have a small notebook which I bought 2 years ago and having no plans to change anytime soon and I haven't purchased a new mobile phone since 2007.


Regards,
Nader
Agree with Nader,
I have a 6yrs old laptop for trading. Was state of the art when I bought it, after 6 yrs still perfect for trading. Will get a new one in the following month but only because I think it's good to have a backup computer set-up.

Kostas
  • #7
  • Jan 6, 2011 12:32pm Jan 6, 2011 12:32pm
although I use my android phone for trading, I reckon in many cases it is better to have no access to trading on the phone: for social life purpose & no more overtrading / positions closed too early
  • #8
  • Jan 7, 2011 7:56am Jan 7, 2011 7:56am
Quoting lfx
although I use my android phone for trading,...
I'd be very interested in what app you were using on your android phone for trading, or did you use some form of remote desktop to connect to your "main" computer?
  • #9
  • Jan 7, 2011 8:04am Jan 7, 2011 8:04am
Quoting gspajon
I'd be very interested in what app you were using on your android phone for trading, or did you use some form of remote desktop to connect to your "main" computer?
oanda fxtrade

I'm not a fan of remote desktop on phone, too laggy for my liking
  • #10
  • Jan 7, 2011 9:28am Jan 7, 2011 9:28am
Quoting lfx
oanda fxtrade
I'm not a client of Oanda but will look at their app and see if I can find one with my broker, FXDD...I doubt it though. Maybe I should switch...
  • #11
  • Jan 7, 2011 2:21pm Jan 7, 2011 2:21pm
FXDD doesn't have any app for Android yet. Nor for iphone iOS
As far as I know, at this moment only FXCM and Oanda have trading apps running on Android.
But more will be available soon, since Android is more and more popular.
  • #12
  • Jan 7, 2011 10:12pm Jan 7, 2011 10:12pm
There are others, but I've found Oanda has the best user interface.

As for the topic question, both as they compliment each other. A desktop can't be beaten as a proper trading solution, and a smartphone can handle tactical decisions while out and about. I can only speak for slower intraday and longer timeframes though.
  • #13
  • Jan 7, 2011 10:47pm Jan 7, 2011 10:47pm
i bought a cheaper phone to manage my trades when i am at work and nothing else
i dont like to get into a position on my phone, however i do sometimes

its more like a safety stoploss, if i am at work and the market is getting eratic before news time not in my favour i will close any open position.

i got a little HTC thingy just for the peace of mind knowing i can close any position i dont like or want to get out with the profits i am happy with.

it helps alot for me as i dont get to sit at a desktop and trade like some people do, or atleast as much as i would like to sometimes.

CE
if i used every commercial EA i would be a brazilianare by next week!!!!
  • #14
  • Feb 9, 2011 7:47am Feb 9, 2011 7:47am
http://www.iappphone.com/apps/414824402/fxdd-itrader/
  • #15
  • Feb 9, 2011 9:32am Feb 9, 2011 9:32am
i prefer my trading desk - because i dont like to mix my trading hours with my normal life, when i turn off my computer i dont care anymore what happens to the market and thats very important to me else i would always be checking prices , news and i dont get my rest.
consistency wins
  • #16
  • Feb 9, 2011 10:14am Feb 9, 2011 10:14am
The only way I'd use a phone to trade is if I'm calling my broker.

It's a nice novelty having charts on your phone and being able to take them mobile, to get a look at the market anytime you want, being able to manage a trade on the go, but placing a trade on them is an entirely different thing.

Traders get very comfortable with their normal desk, the same charts they look at day in day out for years and years. Looking at a chart on a phone application would distort the traders view of the market IMO and also would induce trades the trader normally wouldn't take resulting to an increase in losses.
  • #17
  • Feb 10, 2011 1:25am Feb 10, 2011 1:25am
Quoting iTrader
i prefer my trading desk - because i dont like to mix my trading hours with my normal life, when i turn off my computer i dont care anymore what happens to the market and thats very important to me else i would always be checking prices , news and i dont get my rest.
This is very good position! This will keep you healthy!
  • #18
  • Last Post: Feb 10, 2011 1:41am Feb 10, 2011 1:41am
Quoting Revone
The only way I'd use a phone to trade is if I'm calling my broker.

It's a nice novelty having charts on your phone and being able to take them mobile, to get a look at the market anytime you want, being able to manage a trade on the go, but placing a trade on them is an entirely different thing.

Traders get very comfortable with their normal desk, the same charts they look at day in day out for years and years. Looking at a chart on a phone application would distort the traders view of the market IMO and also would induce trades the trader normally...
I don't see anyone seriously suggesting a phone is a complete solution - it's a mobile solution, a supplement. Many of those traders you mention are wasting time spending so much time in front of the screen. I could argue that staring at a screen may distort a trader's view of the market as much as not looking at a screen at all!
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