In the mobile computing age, the face of day trading is rapidly changing. At-home traders who need to keep a constant watch on the market were once tethered to personal computers or ran the risk of doing personal business on workplace hardware, constantly dependant on the reliability of internet connections.
Now that mobile computing has spread to nearly every industry, applications are abounding for ticker watching, stock analysis and buying and selling operations. The simple iPhone Stocks app, which comes standard with many models, follows gains and losses, gives change points and displays progressions in charts. Similar Android operating system apps abound, and finding the right app has become more of a matter of making choices based on style and ease of use and less about finding a properly functioning prototype of new software.
Some mobile device apps can also perform alerts and trades, effectively keeping an eye on the market when the user can't. Many major finance and trading firms have developed their own web-based software to keep up with the trend, and new releases of products are providing traders with added features such as updated news reports, tracking "dashboards" and secure account maintenance folders.
One concern the industry is exploring is the security of trading and storing financial information in the cloud - a term referring to online services such as data hosting and web-based software. Smartphone and tablet owners on open systems such as Android will want to take care to fully inspect an app before use, as software creation and hosting is less regulated. A legitimate service, however, should be as secure as online banking.
No comments:
Post a Comment