Foreign exchange (forex) trading, as a complementary asset class to equities and fixed-income instruments, has been on a desktop growth spurt since the early 2000s, thanks to the emergence of electronic market makers like Oanda. Now, innovative firms are bringing the desktop trading experience to smartphones and tablets, with mobile forex trading apps that give users the ability to track real-time exchange rate data, set price alerts and notifications, monitor news, and analyze technical charts while on the fly.
Smartphones and tablets put money management at your fingertips anytime, anywhere. Mobile apps from Mint, Pageonce, PocketMoney and others provide a dashboard view of all your financial stats in one place. They use charts, graphs and message alerts to make it easy to track your spending, bill payments and budget issues, as well as monitor your investment goals.
When traveling for business or pleasure, it is much easier to keep expenditures in check with a mobile device in your pocket or purse. Tools like mobile currency converter apps help you quickly calculate foreign exchange rate conversions using the same daily filtered rates relied on by multinational corporations, auditing firms and global banks.
Source: Oanda Corporation
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