Mobile and Autotrading: When Great Forces Combine
Autotrading broke down the temporal barrier by enabling users to connect their accounts.

Forex has always been a 24 hour game and traders should always be alert in order to trade successfully and avoid damages or lost opportunities that could take place anytime. Autotrading broke down the temporal barrier by enabling users to connect their accounts with the performance of other users that trade Forex around the clock. The location barrier though insisted, as users had to have access to a PC in order to manage their accounts. The advent of the mobile has broken down this barrier too and the combination of mobile and autotrading seems formidable.
The minimal functionality available on mobile seems to fit perfectly to autotrading and less to traditional, manual trading. Whereas traditional traders need to handle numerous information sources, which usually translates into multiple screens and perhaps more than one terminals in order to make an educated investing decision, autotrading users need much less; through push notifications mobile autotrading apps inform the users, in a manner very familiar and similar to normal smartphone use, everytime a change has taken place in their accounts. They can then take the necessary actions they see fit through the available account management tools, or rest assured and fully updated on what is going on in their accounts.
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I believe mobile to be perhaps the most important recent development in the Forex industry and whose implications will be so deep that we currently seem to have just scratched the surface of the changes always connected users will bring to the industry. I, for one, am excited on the potential of the combination of autotrading and mobile.
I wonder how this can be conveyed to IBs. Companies such as ZuluTrade have brought alot of volume to retail FX firms in the past, and with mobile systems integrated into social or copy trading platforms surely this is a good tool for other IBs which offer ancillary platforms to follow. I wonder if a mobile EA will ever come about. This would remove the need for a desktop to be running with the EA set up and the mobile platform to be a sort of monitor. Instead the entire thing could run automatically on mobile and the developer could… Read more »
I think the two technologies should not go along, even if bridging them would be possible. We have autotrading because we dream about “set and forget” systems that trade without the need to constantly look at them – this is why we use VPS connections, which are hosted on servers and run all the time. On the other hand, the mobile trader wants to be mobile so can watch the market and send orders on the fly. The reason to not have mobile autotrading systems, is the connection problem. An autotrading system needs to have the lowest outage possible (like… Read more »
Well said bogdan.