It’s no secret that mobile Forex trading (trading using a smartphone) gives traders maximum freedom.
Thanks to the proliferation of smartphones and tablets, you can trade from anywhere with a good internet connection.
This guide will show you everything you need to know to trade Forex on the go.
Let’s get to the details!
Main Phone Qualities to Look For
Smartphone Forex trading or “mobile trading” has become very popular over the past few years.
And it’s not hard to see why. Finding time to trade Forex is not always easy if you have a busy work schedule.
Between work, family, and your social life, carving out a few minutes to monitor your charts can be daunting.
But if you open Forex charts on your smartphone, you will be able to trade even with a hectic schedule.
In the last three years, more and more brokers and charting services have started releasing software for mobile trading.
That is, now, all you need to trade Forex is a smartphone or tablet and a stable Internet connection.
The OS (operating system) is your phone’s software to run its essential functions.
Today, the two most common ones are Android and iOs (the iPhone OS), but there are others, such as Windows 10 Mobile and BlackBerry 10, which still exist.
Let’s immediately exclude Windows Mobile and BlackBerry from the list.
It does not mean that there are no trading platforms for Windows and Blackberry, but the choice is limited, and trading from these devices will not be easy.
The market share of these operating systems is decreasing. The developers of trading platforms and programs for chart analysis refuse to support them.
If you have a smartphone with one of these OS, then it’s time to buy something new for the trade.
So it all comes down to choosing between Android and iPhone.
In 2018, the iPhone and Android operating systems went head to head.
At the end of 2018, we saw the launch of the TradingView app for iOs, which helped close the gap between iOs and Androids.
However, in 2019, a dedicated Android app for TradingView appeared, which leveled the OS race in 2020.
It’s safe to say that in 2022, both Android and iPhone will be great operating systems for Forex trading. Everything will depend on the preferences of the trader.
You don’t need the most expensive phone in the line to trade. In terms of specs, even budget modern smartphones have more than enough power for mobile commerce.
But if power isn’t essential, then what is?
The most critical factors are screen size and battery life.
We recommend a 5.5-inch screen or larger for smartphone trading. We thoroughly tested several screen sizes and found that less than 5.5 inches are too small.
If you have fragile fingers, you may be able to trade on a smaller screen comfortably, but we do not recommend doing this.
If the screen is too small to trade comfortably, you are more likely to make more mistakes. And in trading, mistakes can cost you a lot of money.
Screen size is vital to Forex trading using your phone.
Statistics of Phone/Desktop Traders and Their ’Average Success’ Stats
To be honest, we are closer to Android OS than iOS. So don’t be surprised to see the Samsung S20 at the top of the best smartphones to trade in the 2022 list.
The quality of this phone is top-notch, with long battery life and stunning screen quality that boasts a 120Hz refresh rate making it one of the smoothest smartphones in the market.
The battery is better than the predecessor S10, but there is still room for improvement that we can see in the new Samsung smartphone.
However, all this comes at a price—this is not a budget phone, and you will have to shell out a decent amount of money. If you can afford it, we would choose this phone.
But you may prefer iOS over Android, in which case.
The iPhone 13 offers iOS users some upgrades over the iPhone 12 while remaining similar and familiar.
iPhone 13 has an OLED display with LTPO technology that changes the screen refresh rate from 10Hz to 120Hz, depending on the content.
Battery life has increased to 16 hours.
If the price of the iPhone 13 is too high for you, the iPhone 13 Mini is a good alternative that will give you great specs at a lower price.
One Plus 8 Pro
In 2022, the OnePlus 8 Pro will make it to our list of the best. OnePlus has been an alternative to leading smartphones for some time, but the introduction of the 8 Pro has propelled it into the big leagues.
While the battery life isn’t quite as impressive as Samsung’s, it will still get you through the day. And don’t forget about Warp charge technology, which allows you to get a full charge in 30 minutes.
The screen has a 120Hz refresh rate, so that this phone will give you a smooth experience. Keep an eye on OnePlus in the future – the flagship killer has officially become a flagship itself.
For those who can’t afford the OnePlus 8 Pro’s price tag, the OnePlus Nord offers a fantastic alternative at a much lower price.
Yes, the battery life can’t be compared to the smartphones above, but there’s enough charge for the whole day. And his smooth work also attracts attention. It means that this highly affordable phone is well worth your time.
Special Mention: Oppo Find X2 Pro
Unbeknownst to us, the Oppo Find X2 Pro is on the list of noteworthy smartphones, another newcomer to the list of mobile phones for 2022.
Even though this phone is expensive, you will find that it offers you a lot of power, smooth operation, and a pretty good battery life.
Although you won’t necessarily use the camera for trading, the camera is notable. You are using your phone for more than just forex trading. It’s not a bad phone, and we hope Oppo keeps getting better.
As the 2-in-1 market is constantly evolving, nothing is easier these days than getting a laptop or tablet or both! Technological and design improvements mean you can get the best of both worlds.
The price of a 2-in-1 is improving year by year. You can shell out big money for a 2-in-1, but the budget versions are serious competition for the top options and offer excellent battery life and power. 2022 will be a fantastic year to buy 2-in-1s. If you haven’t bought yourself a laptop, we recommend you consider buying one this year!