Wireless Trading - taking advantage of advanced technology

Ahmed Nasirwarraich, discusses how currency traders can now reap the benefits of wireless technology by using their cell phones, palm pilots or personal digital assistants (PDA's).

First Published: e-Forex Magazine 13 / Retail Forex Client / January, 2004

The foreign exchange market is one of the most dynamic financial markets in the world – open 24 hours a day, offering the possibility to trade both the up and down trends. This luxury is not available in the Futures and the Equity Markets which are only open for a limited number of hours every day. Trading opportunities may arise in the foreign exchange market at any point of the day making it essential for forex traders to be linked to the market at all times.Wireless technology has made trading much more convenient for traders as it eliminates the need to be tied to one's computer. It offers added convenience and flexibility by allowing people to trade while being hundreds of miles away from their homes and offices. It also provides customers with a back-up trading system in case they have power, Internet or computer problems. Currency traders can now also reap the benefits of wireless technology by using their cell phones, palm pilots or personal digital assistants (PDA) to manage their forex...continued

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