How to Use Your Mobile App to Improve Your Trading

Published on: 18 May 2019 Last Updated on: 03 December 2021

The markets are always moving. The 5 trillion a day currency markets are trading hands 6-days a week, 24-hours a day. Make use of a mobile app that can make things easier for you. Traders who want to keep abreast of price action need to pay attention to market changes, especially when the markets are volatile. The best way to keep on top of market movements is to use a mobile application. These applications have several tools that can help you make your trading decisions including educational tools and technical analysis.

Test Drive a Mobile Application:

Some of the best mobile application feels like you are using a desktop. The app performs in a way that allows you to quickly navigate the platform without having to stop and think about how to execute a trade or perform analysis. Before you start to rely on your broker’s mobile app, you should test drive the application using a demonstration account. A demo account allows you to trade capital that is no real. So, if you make a mistake it will not cost you any of your funds.

Evaluate the Educational Aspects of a Mobile Application:

One of the great benefits of a mobile application is the educational material evaluate on the app. This generally includes videos and access to articles that you can read while you are on the go. If you are waiting for an appointment or have a few minutes to spare, you can pull up the videos on your broker’s mobile app and take a deep dive into different types of analysis that are offered on their mobile application.

Using Technical Analysis:

Some of the more sophisticated mobile applications provide technical analysis tools on their mobile application. This could include adding moving averages, adding momentum indicators or even oscillators. Some mobile application even provides you with the capability to draw trend lines. Its recommended that you spend some time testing your mobile app and performing some of the analysis that is offered with the mobile application.

Not only can you develop new trading strategies with your mobile app, but you can also follow the markets and perform risk management using the technical analysis tools available on your mobile application. For example, you might have a stop loss level below the 50-day moving average, but without your mobile app, you would not be able to see if the price tumbled through the average or bounced. By using your mobile app, you can evaluate the trend in the market using technical analysis tools.

Execute Trades:

One of the issues that a forex trader can face is having the ability to execute a trade while you are on the go. This is where a mobile app can be a great tool. Not only can you perform the analysis you can execute trades wherever you have access to cellular communications.

The markets are always moving. The 5 trillion a day currency markets are trading hands 6-days a week, 24-hours a day. Traders who want to keep abreast of price action need to pay attention to market changes, especially when the markets are volatile. The best way to keep on top of market movements is to use a mobile application. These applications have several tools that can help you make your trading decisions including educational tools and technical analysis.

Read Also:

Trading Contracts For Differences
How To Open A Forex Account And Start Trading Forex Stock
Forex Trading Wisdom: Talk Yourself Out Of Bad Trades
Investing And Trading 101: Investment Ideas For Newbies
Top 9 Forex Trading Tips For Beginners That Save You Money
Securing Mobile App Development With Blockchain Technology

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

View all posts

Is WhatsApp Safe: What You Need To Know

WhatsApp has evolved from being just an instant messaging app to becoming a social phenomenon. It processes over two billion messages daily. However, despite its massive popularity, security experts have pointed out the app's less-than-ideal security features. They have particularly the level of communication security it provides. WhatsApp is constantly at the center of rumors and controversy. Is WhatsApp safe? In this article, we will debunk some of the myths surrounding WhatsApp and WhatsApp getting hacked. WhatsApp And Hacking: Overview Before the latest updates, WhatsApp did not encrypt the messages that you used to send with the help of the platform. This made it easy for anyone connected to the same network to see messages that were sent. To address this issue, WhatsApp released a new version. It includes message encryption to ensure the security of user communications. However, recent reports indicate that the encryption used is not strong enough, making it possible to intercept communications even with this new version. Moreover, it's because the encryption code that WhatsApp uses for Android devices is an MD5 hash of a device's IMEI number in reverse format. On iOS devices, WhatsApp generates encryption keys by duplicating the MAC address of the Wi-Fi interface and generating an MD5 hash. It is partially true that WhatsApp is not entirely secure, intercepting and decrypting messages requires that the attacker is connected to the same Wi-Fi network as you. They will also need to know your device's IMEI number and have enough computer knowledge to capture network traffic. This will help them calculate the MD5 hash of the IMEI number and decrypt messages. By taking some basic security measures, you can continue using WhatsApp without compromising your privacy. One such measure is to avoid using WhatsApp on public Wi-Fi networks. For example, those found in airports or coffee shops, as these networks may not be secure. Additionally, it's important to use basic security measures on your Wi-Fi network to prevent unauthorized users from connecting to it. Myth 1 Banning WhatsApp can save you from recordkeeping fines. Reality: Firstly, there are numerous instances of businesses paying astronomical fines to authorities when their employees use WhatsApp in a non-compliant manner. Recent FINRA fines, where US regulators discovered that businesses had implemented ineffective channel blocks, brought this to light. According to our 2023 Industry Insight survey, 59% of participants said their organization had outlawed the usage of WhatsApp and related apps. However, only 2.6% of respondents thought that outright banning would be a good idea. Besides, employees still use WhatsApp even after the channel is blocked, whether they like it or not. This is due to a number of factors, including the app's widespread use in daily life, its simplicity in texting, voice messaging, and attaching files. Furthermore, it also has a tendency for client-facing teams to use the apps that their clients prefer in order to streamline communication. Ban or no ban, teams will continue to communicate using WhatsApp. Companies that use it with non-compliance will continue to face fines from regulators. Is WhatsApp Safe? Yes. Myth 2 You don't need a dedicated WhatsApp business account – sending personal chats is fine. Reality: Nothing about utilizing WhatsApp for business purposes should ever become personal. Regulators won't view it that way, even though employees may believe it's acceptable to speak with clients (or discuss business-related issues) via personal WhatsApp accounts. This is due to the fact that messages sent through personal accounts are not recorded and kept in a messaging archive. This makes it impossible for regulators or internal auditors to review them to determine whether or not discussions and activities are appropriate. Regulators detest few things more than irreversible data. The emphasis now clearly lies on individual accountability when it comes to utilizing private devices for illicit conversations. Your WhatsApp Business account includes a business number linked to it for a reason. In other words, guaranteeing that conversations are documented in a compliant manner removes compliance concerns while allowing staff members to keep up connections with clients and contacts on their favorite platforms. Is WhatsApp Safe? Yes. Myth 3 All WhatsApp data collection solutions are the same. Reality: Incomplete data may hamper compliance attempts. Besides, delays in investigations can arise from not knowing which messages are transmitted, to whom, or when. Regulators won't condemn you or shrug their shoulders if you don't know all the answers. Some companies claim that their solutions for communications would guarantee that all of your data is safe. But message emulators, like"app wrappers," and scrapers, have significant technical drawbacks. These third-party services can not guarantee completeness, and they may record all WhatsApp messages sent from a device, including private ones, or cause metadata loss. Above all, due to insufficient data collection, you run the risk of regulatory fines and reputational harm. Additionally, using a solution with direct API connectivity with Meta is the only method to ensure complete data capture since it allows you to obtain your data directly from the source. Is WhatsApp Safe? Yes. Myth 4 The collection of WhatsApp data through third-party APIs is a comprehensive and compliant collection. Reality: The likelihood of weak connections increases with chain length. Although it could save internal work, licensing your communications acquisition solution to several suppliers adds risk and might even be against your terms of service. Operational concerns associated with third-party indirect API solutions include hacker assaults and infringements on user privacy and security. Your client information will be at risk if a data breach happens farther down the multivendor chain. Besides, they will still hold you legally liable for the resulting damages. The solutions are integrated, direct, and end-to-end, preventing possible financial and reputational effects. It provides you full visibility and control of your data without having to worry about a cascading effect. All you need to do is enable it. Is WhatsApp Safe? Yes. Myth 5 You can't use WhatsApp for business communications – it's just not compliant. Reality: Although it may appear impossible to use WhatsApp for business interactions due to all of these beliefs, the actual question is: can you afford not to? It's quite likely that your teams have begun using it to communicate with your clients and that they will be utilizing it in the near future. However, it's never easy to get employees to support compliance, so forcing them to give up WhatsApp or utilizing a completely new communication channel isn't the best course of action. Is WhatsApp Safe? Yes. Wrapping Up In conclusion, organizations cannot bury their heads in the sand and rely on a risky third-party solution or channel ban, as authorities are adopting a zero-tolerance approach towards non-compliance. We now have a few options for folks who are trying to dispel the stereotypes and want to use WhatsApp for business. If you have thoughts to share or want to know is WhatsApp safe, please leave a comment below. We would love to hear from you! Read Also About: Why You Need A Secure Wifi Connection In Shared Space? WhatsApp Not Working: Why It Happens And How To Fix It Your Wrist, Your Chat: Setting Up WhatsApp On Apple Watch

Top 5 Digital Wallet Apps for Android

On average, most people have bulky wallets. You have your debit and credit cards, driving license, cash, a couple of loyalty cards as well as your gym membership and library cards. You have to stow them in your purse or your back pocket every time you go out and this can be a major hassle sometimes when you don’t want to carry anything along. Luckily, technology has provided us a solution in the form of digital wallets that essentially enable you to carry your cash within your smartphone. App development companies launch wonderful apps each & every day. This is a new generation of secure and electronic payments and might just pave the way for a cashless future. Read also: App Development Benefits: Here’s Why You Should Go Mobile These days, you can find digital wallet apps for your smartphone and download the one that seems the most feasible to you. Listed below are the top 5 digital wallet apps you can get if you have an Android smartphone. App #1: Android Pay This is a digital wallet platform developed by Google that enables you to buy goods and services via an NFC-fingerprint system. Android Pay has struck deals with financial institutions and retailers that allows it to store your debit, credit, and gift and loyalty card information. In this way, you are able to make quick payments at retail outlets that support point-of-sale (POS) systems. You can also make payments online and on apps as well. It works by storing your Android Pay credit card information on the device and accesses it at store-specific apps or tap-to-pay retail locations. App #2: Samsung Pay You can use this digital wallet app with almost any point-of-sale system, which means that not only does it work with NFC, but also with standard retail terminals that boast the Magnetic Secure Transmission (MST) and also the Europay MasterCard Visa (EMV) readers, which are currently used for chip-based and traditional credit card transactions. For now, you can only use this digital wallet app with Samsung Galaxy smartphones that run on Android, but the new Samsung Pass will expand it to other devices as well and make contactless transactions easier. App #3: Gyft This app has earned a name for itself in the gift card landscape, which is a $100 billion annual market. With this platform, users are able to send, buy, redeem and manage gift cards from approximately 300 retailers and all through a mobile app. While it doesn’t replace your loyalty cards or credit cards, it focuses specifically on gift cards and allows you to upload them on the digital wallet app so you can use them online or in stores via the app. App #4: PayPal PayPal is one of the most trusted and popular mobile wallets that boasts nearly 173 million users spread in over 203 countries and using about 26 currencies. Not only can you store your debit and credit card information on this digital wallet, you can also connect it to your bank accounts directly. In this way, you can have a balance on your PayPal account for making a purchase whenever you want. You can download the app for free on your Android smartphone. App #5: eWallet This is one of the few digital wallet apps that are not available for free download. However, it is one of the top apps because it actually encrypts and stores your personal and sensitive financial data such as account numbers. It enables you to get access to all of them through touch ID for devices that support it or via one password. This app can be regarded as a true digital wallet because it can store everything from insurance cards and passports to library cards and loyalty programs.

Pros and Cons of Using Fintech App Development

Let's discuss what developments in the field of fintech will be trending in 2021 and how to use them for business. The features are widely used in fintech app development company. Expanding the functionality of applications: Financial technology services have come a long way in the last couple of years. They are created with the intention of providing customers with customized financial solutions according to their needs and requirements. Just look at the various types of payment options that are available to consumers now. From debit and credit cards to mobile and net banking, digital wallets, cash on arrival, and even payments with cryptocurrencies. Brands are looking to help consumers choose financial payment services that they are most comfortable in using. This is where fintech needs to play a major role. Business automation: Doing business requires regular complex operations and paperwork. Their automation will be another significant fintech trend in 2021. Online banking will give customers the ability to receive electronic checks and invoices. Although these are increasingly being created online. Banking apps will become a place for bookkeeping and even getting legal services. This frees you from the hassle and allows you to focus on more important things than filling out and sorting hundreds of pages of documents. Blockchain technology: In recent years, a lot of buzzes has been created around Blockchain technologies. What started as an offshoot of Bitcoin has now become an independent entity that is allowing businesses to maintain complicated digital payment records, verifying transactions, and keeping a digital record of anything and everything that can be important. Blockchain is fast, secure and one of the most efficient ways to record transactions in an authentic and honest fashion. This helps in building financial credibility and ensures that digital records, especially financial ones are not distorted. The leading companies in the world are experimenting with this technology. In the near future, the applications of Blockchain are sure to benefit a wide variety of sectors. RegTech (regulatory technologies): Government authorities and financial markets set their requirements for banking structures. There are so many of these rules that companies do not keep up with them - and spend huge sums on lawyers (at best) or on fines (at worst). Open banking: Another key area of fintech is open banking. This allows customers to safely and securely engage with financial services from the comfort of their homes. Just to give you a small example, let me ask you a question. Do you remember the last time you physically visited your bank? Chances are if you are someone like me, that period would be a long time ago. We are now using our laptops, smartphones, and tablets to do literally all the banking activities. From transferring funds to making credit card payments to even applying for loans and financial investment services. This is the era of open banking and it is intricately tied to the need of making financial services more user-friendly and convenient. Financial ecosystems: The concept of an ecosystem is gaining momentum. Large companies allow users to read news, order taxis, and listen to music without leaving their apps. In the financial arena, developers will also compete for the love of their customers. The most popular areas of ecosystem development are products for business. These are accounting services, payment management, business start-up. These are housing) and government services. There are products that correspond to the main trends. For example, we have developed the application. There the residents of the city can draw the attention of the authorities. They are attracted to the state of infrastructure, roadways, transport hubs, lighting, cleaning, and other important aspects of city life. Read Also: How a Virtual Assistant Is Beneficial to Businesses How You Can Manage Your Business with Scheduling Software? The Business Advantages of Mobile CRM Apps Why an Automated Sales CRM Platform is What Your Business Needs

How to Use Your Mobile App to Improve Your Trading

Test Drive a Mobile Application:

Evaluate the Educational Aspects of a Mobile Application:

Using Technical Analysis:

Execute Trades:

The Business Advantages of Mobile CRM Apps

iTrader 2019 Reviews

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Technologies For Creating A Startup Idea

How to Download Facebook Videos on Android?

7 Rules of Effective Ecommerce Web Design

The 10 WordPress Plugins Every Sucessful Blogger Uses

Follow Us

Recent

Private vs. National Drug Treatment: Making the Right Choice for Recovery

From Transaction to Trust: Master Your Client Gifting Game Plan

Top 5 Indicators Every Trader Should Know

How To Install Metal Roofing Over Shingles The Right Way?

Related

Is WhatsApp Safe: What You Need To Know

Top 5 Digital Wallet Apps for Android

Pros and Cons of Using Fintech App Development

How to Use Your Mobile App to Improve Your Trading

Test Drive a Mobile Application:

Evaluate the Educational Aspects of a Mobile Application:

Using Technical Analysis:

Execute Trades:

Share this Article

The Business Advantages of Mobile CRM Apps

iTrader 2019 Reviews

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

Related