Trading Binary Options on Tablets – PC is Still the King

 

Binary Options Tablet Trading

This article is basically building off Bogdan’s splendid article which has all the information you need on mobile trading (Check out Binary Options Mobile Trading Article Here). This article is dedicated to tablet trading, it provides a glance into the world of Binary Options trading on tablets. At first look, tablet trading seems like a good substitute for trading on a PC. I hope this article will provide you with the necessary details for trading on an iPad/other tablets.

 

Mobile Binary Options trading is a new trend and it is the wave of the future. There are several flaws with it, however, such as less features and not much technical analysis. But the good thing is that these features are improving as binary trading platforms recognize the needs of Binary Option traders and steadily improve their services.

 

 

The basic differences between iPad/Tablets and Smart phones

The main consideration with iPads and Tablets are, of course, the larger screen which is 9.7 inches as opposed to the diminutive smart phone screen size of about 4 inches. That is really about the only difference that I could find between the two mobile trading methods. They both lack complexity; the same features can be seen with iPad 4 Binary Options trading and iPhone 5 binary trading. Moreover, they offer the same array of option types and expiry times.

 

USD-JPY Placing a Trade

USD-JPY Placing a Trade

 

It all comes down to the screen size and this is actually quite a big deal, especially for the chartists among us Binary Option traders. And this is where the future lies. I am sure that binary trading platforms will have sensed the move to mobile that is taking place and therefore may want to step up their game to deliver the best features for conveniently trading on the move with the iPad. I really think in the near term the iPad will become a serious competitor to PC trading on a laptop or desktop, as opposed to the smart phones that may not offer much for trading platforms to make use of.

 

USD-JPY Choosing Expiration

USD-JPY Choosing Expiration

 

The one thing you might want to do right now is to install the MetaTrader 4 for iPhone or iPad and there is also the MetaTrader 4 Mobile Smart Phone Edition (SE) which makes up for the lack of technical analysis with 30 technical indicators and it is the same as the desktop MT4 platform version.

metatrader_mobile

MetaTrader Mobile

 

 

Why does trading Binary Options on Tablet suck?

The option builder tool and pro trader feature on most binary trading platforms (24option, StockPair, AnyOption, Opteck) was noticeably absent on the iPad app. It appears that for serious Binary Options traders, a mini laptop computer may be a better option than an iPad because the screen size does not make up for the less functionality that is offered on the mobile app.

 

USD-JPY

USD-JPY

 

The execution of a well-informed trade in a timely manner is not always possible on a mobile device. On a laptop or desktop screen, we have the various tabs that can be opened up on our web browser (Google Chrome, Firefox, etc) and this is hard to replicate with an iPad or iPhone.

 

 

Why Trading Binary Options on the iPad doesn’t suck?

I managed to do some 60 Seconds Binary Options and so the next time I am on the move or have to be at dinner somewhere I can pull off a few short-term trades during periods of high volatility as was the case with the USD/JPY during the Bank of Japan interest rate decision and press conference.

 

USD-JPY Binary Options 60 seconds Start

USD-JPY Binary Options 60 seconds Start

 

USD-JPY Binary Option 60 seconds Expiration

USD-JPY Binary Option 60 seconds Expiration

 

I know I ended up losing this trade, but you get my point.

The one thing that can really help in the execution of trades with the iPad or the iPhone is the use of a tablet/smart phone pen.

 

 

My conclusion – The Revolution is Around Corner

The PC is still king here, but the question is for how long? Binary trading on an iPad is sub-optimal, but it has its uses. The major problem with the App for Tablets is, of course, that the screen size is not adjusted to the full size screen. That is, of course, up to this article’s publication date. Our only problem is that carrying around an iPad is almost the same as taking a laptop with you so it isn’t as convenient as the smart phone option. It might be fun and nice to use an iPad to trade Binary Options, but it is definitely not the best way. If you already trade with a Tablet, go with a PC instead. If you’re on the go, smartphones are still better than Tablets for Binary Options Trading. Nevertheless, I believe the UI and UX would get better in the near future; once the revolution is done, the Tablet will become king again.

 

 

 

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