Binary options – When is it better to trade from your PC instead of your smartphone?

While mobile binary options trading via smartphones and tablet devices offer the benefits of mobility and trading on the go, there are certain times when it is advisable to trade binary options from your PC (desktop or laptop devices). In this article from binaryoptionsgeek.net, we take a practical look into when you should be trading from your PC instead of from your smartphone or tablet devices.

Testing your trading strategies

When it comes to testing your trading strategies, then definitely trading binary options from your desktop or laptop is a wiser choice compared to trading from your smartphone or tablet devices. Although there are many financial mobile trading apps that allow you to do your analysis from your smartphones, nothing can beat the reliability and ease of access that comes with doing the same from your desktops or laptops. For example the MT4 trading platform, which is free, is usually more customizable in terms of using your own indicators and templates to suite your binary options trading strategy. This same level of customization is not allowed on the mobile interface. So, if your binary options trading strategy requires you to do a bit of technical analysis, it is best when done from your PC.

Banking – Deposits and Withdrawals

We know that most binary options mobile trading apps are limited in terms of the banking features. While making withdrawals from your smartphone or tablet devices are allowed with only some binary options brokers, for the most part it is next to impossible to access a withdrawal directly from your mobile trading app. In terms of depositing funds, most binary options broker do offer this feature via the mobile trading app interface. This is easy if you were depositing using a credit card or a debit card or even depositing using eWallets such as Skrill, Webmoney and so on. If your preferred way of depositing funds is via Bank WIRE or other such methods, then it is impossible to deposit funds directly from your smartphone or tablet devices.

In such cases, accessing your binary options broker from your desktop is a more feasible solution.

Trading with binary options trading signals

If you have subscribed to binary options trading signals provider, then you would know that in most cases, the trade signals are sent via email or by SMS. If you were to trade from the PC, then there are chances that you would miss a signal or two simply because you were not able to get to your PC on time. This is where trading binary options from your smartphone can come in handy. Due to the mobility and accessibility it is easier to trade the binary options signals set to you without any delays by simply logging in to your binary options mobile trading app and placing a trade as per the recommendations.

News trading strategies

News trading strategies with binary options offers a great way to make quick profits. After all, almost all of the news trading strategies are based upon the “buy the rumor, sell the fact” principle. News trading with binary options requires quick thinking and this is where trading news based events from your smartphone or tablet devices offers a much better solution than having to being glued to your desktop. With news events scheduled round the clock it is inconvenient to be able to trade binary options only from your desktop. Trading news events based binary options from your smartphone offers for greater flexibility and could in fact help you enter a binary options contract at the right time.

Availability of binary options contracts

Trading binary options from your desktops offers traders the benefit of trading all the types of binary options contracts that are available from your broker. Be it a 60 second expiry of an end of month High/Low binary options contract. This level of choice is limited when it comes to mobile binary options trading. For traders who are very particular about trading a specific type of binary options, trading such options from the PC makes for a better solution.

While binary options trading from a PC and trading binary options from your smartphone devices has their own pros and cons, binaryoptionsgeek.net feel that it is up to the trader’s personal preference and choice as to what makes for a better way to trade binary options. Depending on your trading style and method, the answer as to which is better, trading binary options from a PC or from a smartphone device can vary from one trader to another.