Over the last five years, the online trading app has picked up hugely. Thanks to the advent of mobile-friendly applications, people prefer on-the-move trading as opposed to the traditional method of sitting in one spot and tracking the record all day.

What does smartphone trading include?

You can use the trading app in two ways – access the internet on your mobile phone and accordingly initiate the trade after going through the standard authentication process. This is called internet trading through online apps. The other way of trading via apps is when you download one for the same. How to download them?

The two popular operating systems are Apple’s iOS and Google Android. Almost all phones are embedded with these. There is also Microsoft O/S system which is not as widespread as Android and iOS. For instance, you can directly download the Angel Broking app from the Apple Store or Play Store. Once downloaded, run the app, and you are reading for trade transactions. You can create a shortcut for the same as well on your mobile screen.

Benefits:

There several advantages of online trading app.

Some of them are –

• You can trade at your fingertips. Smartphone apps give you the power to do so. You can also research the stocks of your preference and accordingly execute the trade with a few clicks. This way, the research and execution happen in one place.
• Two words that define trading apps are efficient and user-friendly. They are designed such that they are operational on low bandwidth and use cookies to ease the repetitive tasks while logging in.
• Whether you located anywhere around the world, trade round the clock. Apps do not confine to a specific region or time zone. Some apps even accept orders a late-night, although the execution happens during the trading session.
• Apps guarantee a seamless experience. It is a place where all your accounts – bank, trading, and Demat Account, are found. The best part, these can be accessed via your smartphones.
• There are in-built security features added as well, making sure you do not lose data or can prevent some hacking concerns. Some precautions need to be taken from your end.

Some factors to consider –

• Make sure your smartphone has enough RAM, memory capacity, and free space to run the trading apps smoothly. You do not want your app hanging during a crucial trading session.
• Have a stable data connection in place. Avoid using apps on private as well as public WiFi.
• Take care of the hardware, i.e. the smartphone. Avoid downloading random images and videos, which could contain a potential virus. Ensure to schedule a mobile clean-up cycle in the night.
• Your trading app will send regular notifications on upgradation. Do not miss out on these as they may include new features.
• Avoid overtrading just because apps are accessible. The risk levels remain the same.