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It does not require a leap of anyone’s imagination to assimilate why the developments in mobile internet technology, in the last 20 years have had a major impact on foreign exchange trading. Global currency markets are volatile, dancing to the tune of socio-economic, geopolitical, and natural events. Investors are glued to their computer screens throughout the week to astutely take action in response to market changes, given that the FOREX markets are open 24 hours a day and five days a week.
However, internet technology has drastically changed the way we do business and how we make investments. Ever since the general adoption of wireless technology by the FOREX industry and an increase in the international penetration of mobile internet services, there is almost effortless access to the internet and barrierless access to businesses. FOREX trading has received flak for being reserved only for the elite traders that have the immense experience required to navigate the markets successfully.
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However, mobile technology has changed this perception. Investors experience a higher level of freedom and mobility, all thanks to the technological revolution. They are now able to keep an eye on pricing from any part of the world, as long as they are online. Traders in Europe and the US have been reaping benefits from this mobility and flexibility. Having said that, infrastructure investments across Asia and many parts of Africa are revealing a massive rush to mobile internet, which is opening up the FOREX trading market to traders and regions previously alienated.
The extent to which brokers embrace latest developments can’t be ignored as they strive to expand their client base and augment their market share. Trading algorithms and software written particularly for Meta trader platform that can advice traders on which trades to make are some of the more recent advancements. In line with this evolution, technological advancements have not only enabled faster transactions but also lessened trading costs and improved the transparency bringing technological revolution in the FOREX industry.
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