Playing forex trading is one of the most enjoyable things, especially if it is done via an Android smartphone. Obviously this will be an interesting habit for you to do this second. Playing forex trading can be done anywhere as long as there is adequate equipment such as an android phone, laptop and a stable internet connection. However, on this occasion we will discuss how to successfully play forex trading via an Android smartphone. Given that the development of Android smartphones is increasingly experiencing a significant increase, almost anything can be done with an Android phone. You can even send and receive money via an Android phone, simple and easy, right? Well, for that, let’s see what it actually looks like to successfully play forex trading with an Android phone. Is it really profitable or not at all. Please read carefully the information below.
Advantages and Disadvantages of Trading with Android Phones
Before we go into a more detailed discussion, it’s a good idea to first look at some of the advantages and disadvantages of playing forex on an Android smartphone, which basically makes it easy for us as traders to buy wherever we are. You can see the explanation below.
- Forex trading with an android phone will make it easier for every trader to use time much more productively, compared to having to sit for hours in front of your laptop / pc. It also allows you to do many other activities while observing the current trading trend. The benefits you get, you can still buy and close orders at any time you want, for example when waiting in line at the bank or going to pay BPJS contributions, for example. How very easy is not it?
- Then the next one, every time you play trading with an android phone, the system from the platform will provide the tools for the user to get the best trading position. In this way, you will not miss trading, especially if the market price is still good.
Despite the advantages offered, in fact playing trading with an Android phone is still considered to have many shortcomings or weaknesses. One of them is the trick to tackling the risk is still very small, because we cannot focus properly on the course of trading. Because the actual use of trading with an Android phone is only for viewing and checking, but it is possible that you will open the market there. Therefore, try to continue to do market analysis well even though trading using an android phone. Because, there are still many successful people out there playing trading using Android phones. Moreover, for now there are many platforms from brokers that support Android. You just have to use it and start trading forex right now. One more thing that you need to consider carefully when trading using an android phone, the platform display is not as good as the display on a laptop screen, so it often takes a certain level of focus to see the values or numbers that you install. Do not be mistaken in entering the value, because the value of the trading market is very meaningful. Once you are wrong, the worst case scenario is a huge loss. Even though you are given the convenience of opening positions and closing positions, don’t be too happy because of such convenience. Continue to use the trading plan properly, in order to get the profit according to your target.
Here’s How to Successfully Trade with Forex Android
- Screen Size Is the Main Decider
In the world of forex trading, a large screen on a PC will make it easier for every trader to do many things, such as for example opening positions and closing positions whenever he wants. However, if you use an android phone in trading, try to choose a cellphone with a large screen size. This is so that you can more freely see the numbers and do a lot of execution in them. The small screen size is likely to cover the numbers or menus on the trading platform, making it difficult to take the necessary action. The minimum screen size on the most suitable Android phone is 5.5 inches.
- Battery capacity is also important
Playing trading on an android phone also has something to do with cell phone batteries, the best cell phone batteries have a capacity of around 4000 mAh, because for now the trading platform is like games that require a fairly large battery power. Because obviously, you don’t just access the trading platform for a moment, it takes hours to play on an Android phone. Like a gamer who needs a large battery capacity on the smartphone they use to play games. Well, you also need to prepare this well.
- Use a stable network
Your success in the world of trading is also determined by the use of a network where the more stable the network will facilitate your actions in doing many things. It is important to open a position and close an order position in a fast time, if the network you are using is unstable or has frequent interruptions, it is very likely that you will fail to order and in the end you will not make a profit at that time. So, try to use a stable network such as wifi or a certain provider.
- Take advantage of the demo account on mobile android
One of the things we like about this forex trading game is to create a demo account with endless balance contents, it can be said that it will make it easier for us to learn and explore this forex game well. in fact, you don’t have to lose money when the balance on the demo account is exhausted, reapply to fill the balance and start opening orders. Do this as much as possible until you really get a profit with the original money balance. There have been many professional traders who have learned from demo accounts and achieved success in the future. As we know, if success does not just come, there are stages that you need to go through to achieve success in the future. One of them is to use a demo account to practice your skills and abilities.
- Pay attention to the chart display
The most important thing in the world of trading is that the chart position is always well looked after, sometimes landscape view is the best solution compared to portrait view because it is very difficult to see chart movements on the trading platform. Activate the automatic rotation mode so that you have no difficulty executing on the trading platform, besides that the chart display is also important in considering your future decisions.
So, here are our tips on how to successfully play forex trading with an Android phone. Hopefully this information can be useful for you and all of us. Continue to learn to explore the forex trading game and achieve success now.