Differences Between Day Trading on Mobile vs. Desktop
But can we trade only with a mobile app or just with the desktop app? To answer that question, we must first see what differentiates both platform categories and when should any trader use them.
One of the most obvious differences has to do with the size limitations. Even in case of a tablet, a monitor will always be the most convenient choice from a size standpoint. This could have some implications when it comes to analyzing the price action. On a mobile device, the subtle details will be hard to observe, but on the other hand, it could be more useful than nothing, when trading on the go. Interactive charting can solve this issue since charts could be zoomed, scrolled, resized and personalized.
Reading the price action context
Conducting technical analysis using a desktop platform will allow traders to view the market from different angles and spot support/resistance areas where some potential trades might be placed. However, price action must be
Executing trades – which one is faster?
Trade execution had long been one of the top priorities for all brokerage companies. The latest technological developments had enabled any individual to place trades extremely fast from the comfort of his home. However, placing trades using a mobile app or a desktop platform is not similar, when it comes to how long it takes until the order is open.
When using the desktop platform, a trade could be placed in less than a few seconds, while when it comes to the mobile app, it could be a little slower. Even though Android/iOS apps are well optimized nowadays, size limitations represent an important factor again. The app will have to go through several pages and adjusting trade parameters is not as easy.
A complementary approach
Some other differences could be found following in-depth analysis and that happens because there is a complementary relationship between desktop and mobile platforms. Each is optimized to work very well in certain conditions, at home or on-the-go. At the same time, the differences described in the current articles should not be regarded as a reason to favor one platform type over the other.
Instead, managing to combine the use of both desktop and mobile platforms will result in better management of one’s trading account. Less trading opportunities could be missed and actions could be taken when traders observe the market developments quickly.