Smartphones have become an invariable part of our daily lives. We utilise these handy gadgets to check our email, to monitor our bank accounts and to obtain the latest weather forecasts. It therefore makes perfect sense that smartphones are now enjoying a pronounced presence within the world of online investing. While this is an obvious fact, we also should be able to appreciate how their presence is beginning to change the financial community as a whole. What has already been observed and what might the mobile-friendly future have in store for the budding trader?
A Rising Tide Within the Financial Sector
Experts estimate that 2017 was associated with more than 4.77 billion smartphone users around the world. This essentially signifies that well over 50 percent of all inhabitants of the planet now have relatively instantaneous access to online information. The investment community has likewise taken notice of such a shift and as a result, a growing number of websites are addressing the needs of the mobile-savvy investor. How might this cause the trading community as a whole to adapt?
Instantaneous Access to Financial Information
Third-party brokers and wealth managers are fading away due to the influence of the digital age. This is excellent news for traders, as they can now obtain the latest details in regards to their holdings in a matter of seconds. Another important point to mention is that they are able to place a trade 24 hours a day regardless of their physical location. While indeed revolutionary, there is another side to this coin that we need to appreciate.
Liquidity and Volatility
Many of those who are now entering into the marketplace have little previous experience within the world of online investing. One concern which has been expressed by some seasoned professionals involves the knee-jerk reactions that are often executed by skeptical novices. In the past, this would have been limited to only a small portion of the aggregate trading population. Now, more than half of all investors are new to the marketplace. They exhibit a greater sway over share prices and sentiment than ever before. Some feel that this could lead to increased levels of volatility.
Advanced Mobile Algorithms and Applications
Major firms such as CMC Markets are now offering up a host of unique mobile options. Several award-winning Android trading apps are available to use during any market climate; providing investors with a massive edge. They will enjoy immediate access to charting tools, the past history of a specific holding, overall market sentiment and even social media trading feedback. Thus, they can make informed decisions within minutes or even seconds if required. The learning curve associated with investing has also been dramatically reduced.
There is no doubt that we have fully entered into a brave new world. The trader of the not-so-distant future will rely equally upon their mobile phone as they will depend upon their inherent instincts. Smartphones are becoming more advanced every year and we can only wonder what may be possible with such an innovative selection of technology.
