We will not talk about those traders who carry their laptops or tablets with Windows installed everywhere they go. For these people, their trading routine remains the same. I will tell you about the options that will allow you to trade from your account right from your phone while using the same strategies and indicators as on your desktop computer.
Remote Trading Methods
There are several options. We will consider the two most common:
- Connect to VPS Server
- Trading through mobile applications
Now we will take a closer look at each method.
This method is optimal for those traders who prefer to have a full range of all the functions, indicators, and Expert Advisors that they use when trading from the desktop terminal.
When you trade through a VPS server, you remotely connect to a computer where you have already installed all the programs you need including MetaTrader 4 terminal, indicators, etc. A huge advantage of this method is that such servers are installed in places with uninterrupted eclectic power and the Internet. So you can be sure that you will not lose the signal at the most unfortunate moment.
In order to access VPS from your mobile device:
- Choose a reliable VPS server and install MetaTrader 4 on it with all the necessary additions (indicators, scripts, trading robots), if any.
- Install a special program on your phone to get access to the server. For example, Team Viewer for iOS or VNC Viewer for Android.
- Perform any trading operations on your account as if you were trading directly from your computer.
The most common choice for traders. MetaQuotes has developed special mobile applications that work on most modern phones. We will talk about the two most common operating systems - iOS and Android.
All basic functions from the desktop terminal are present in mobile applications as well:
- Several chart types - line, bars, candlesticks
- Opening and closing trades
- Pending Orders
- Setting Stop Loss and Take Profit
- Using indicators
- Range of trading instruments and timeframes
- Monitor charts and open trades
The application has everything required for successful trading. The interface is convenient and intuitive. Of course, the application itself is not yet fully thought out. It may lack some functions that you are used to when trading on a desktop terminal. However, it includes everything required for monitoring of your current positions. And it is worth remembering that you should not overload your charts and strategies with complex elements. Perhaps the mobile terminal will help you simplify your trading style.
The only drawback of the application at the moment is the lack of the ability to install new indicators. You can use only those add-ons that are already built into the mobile terminal. However, don’t be upset ahead of time. The application has most of the basic indicators. In addition, MetaQuotes are constantly working on the development of the program, adding new useful features.
Also, please remember that for successful trading you will need a reliable Internet connection. Before opening transactions, make sure that you are in an area with a good Wi-Fi signal or install high-speed mobile Internet on your phone.
By the way, you don’t have to download the application from the site of your broker. You can download it from the App Store or from Google Play and when loading the terminal simply specify the trading server you need.
Both methods are convenient to use and will allow you earning the same money while staying mobile. The choice of method depends on only one thing - whether you use additional programs in trading and how much you are attached to them.
So, if the only reason that kept you from starting to trade on Forex was your inability to spend a lot of time at the computer, now you can begin to get real profit from anywhere in the world. And I can only wish you good luck.