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Day trading with your smartphone: what you should know technically

Execution & Risk

The starting point. Plenty of people start trading the FDAX on their iPhone between two meetings. For the broker, every order brings a fee, whether you're sitting in a café or in the car. For you, every order should be well thought out.

The reality. On a small screen the chart is cluttered, the buttons are too small, and under stress it's easy to miss-tap or click the wrong instrument. Trading this way is flying blind.

Desk Notes. Buying and analyzing stocks or futures belongs on a real laptop or Mac. Day to day, the app is good for exactly one thing: watching an open position or closing it in time in an emergency. Anyone who trades unprepared comes pretty close to pure gambling.

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Technical setup takes place during the remote session exclusively on a demo account; the live account is never accessed at any point.

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