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You have to balance several factors to make the most out of your daily trading. You also have to have a good pulse on the rising and falling of the markets. In addition, you have to decide on the trading device you're going to use to give you the best tactical advantage. And this means picking either mobile or desktop.
So does the device you choose to trade on affect your trading? This article will look at the differences between trading on mobile and desktop and let you know which one is better. If you're ready to start trading, keep reading to learn more.
Difference Between Mobile and Desktop Trading
Mobility
One of the significant factors to consider before settling on either is how mobile you need your setup to be. For example, mobile will do you well if you're constantly moving and still need to check on your trading activity. On the other hand, a desktop is better if you're mostly static with minimum movements.
Mobile will allow you to move around and trade simultaneously, while a desktop will have you tied down to your desk.
Speed
There is no arguing that the WIFI technology on modern mobile phones has improved and can be quite fast. But there is also no arguing that they are more prone to fluctuations than their LAN-connected desktop counterparts.
So to make the most out of your trading, you require speed to make trades when stocks temporarily spike or start to fall. And the few seconds it takes to load on a mobile phone can mean losing money or not being able to capitalize on an opportunity.
Screen Size
As any trader will tell you, larger is always better. A trading broker has a few large monitors displaying all the pertinent information on a typical trading desk. This helps with situational awareness and being able to anticipate events.
Contrast that with the small six inches of real estate a mobile has to offer. A lot of important information is omitted, and trading apps only display only what they think is essential. However, trading is about arming yourself with information, and only you should decide what is vital or not.
Features
A desktop gives you access to all the features you need to make your trading easy. On the other hand, mobile phones only provide you with access to features they can execute. This can deny you access to critical components of your trading and even impede your trading.
For example, CFD trading is more optimized for desktop than mobile, and it can nearly be impossible to operate on mobile. If you would like to learn more about CFD, here are the best CFD brokers to help you out.
Error Rate
The small keyboard on mobile is hard to type on, and you're more prone to make errors. In addition, it can be more challenging to use when making argent trades and be a source of distraction if you receive calls on the same device.
On the other hand, typing on a desktop is easy, and you only have your typing speed to contend with.
Conclusion
Trading is fun and challenging at the same time. As such, it's essential to have the right setup to help you optimise your trading. However, when it comes to reliability, convenience, and an overall better trading experience. The desktop is the better trading device for any trader looking to make the most of their time.