Trading cryptocurrencies is extremely popular these days as people are drawn into the industry by the huge levels of volatility that have been seen during 2017. Bitcoin, Ethereum, Dash and many others reached levels that most investors believed to be impossible. Also, since mid-December 2017 until middle January 2018 pricesretreatedto a strongdownside, with some coins like Bitcoin, reporting losses of 50%. Such high levels of volatility can be profitable with the right tools and that is why we want to discuss the use of mobile apps.

Advantages of using mobile apps for cryptocurrency trading

Since cryptocurrencies are extremely volatile trading instruments, if you want to invest in them you will definitely want to monitor your platform on a constant basis. However, you definitely have other things to do besides staying in front of your computer and watching charts and news all day. A cryptocurrency app can solve that issue and you can monitor your trades from your phone while you are on the go.

To give you a concrete example, the bitcoin price tumbled around 10% in January 2018, after news of South Korea planning to ban cryptocurrency exchanges sparked investors’ worries. Such strong moves could be profitable, but you will need to monitor the price developments closely to take advantage. Most online brokers that have included cryptocurrencies on their instruments list have developed apps that are compatible with both iOS and Android platforms, including the trade.com cryptocurrencies app.

This kind of app can make the difference and help you increase the level of profitability as they can help you monitor price development on a constant basis. However, please remember that market volatility also brings a high risk of losses.

The second advantage that these apps offer is represented by the notifications they could generate. Even though you do not have your app open, you can receive notifications and find out the latest highlights.

Mobile apps have also included risk management tools that can help you trade in a responsible manner. If you want to be a professional trader and trade like professionals do, it is imperative that you use all the tools that can help in your daily activity. Mobile apps for cryptocurrency can be helpful, especially when volatility spikes.

Risk Warning and Disclaimer

Trading cryptocurrencies carries high levels of risk due to high volatility. You should carefully consider before deciding to invest in cryptocurrencies with margin as high losses can intervene. No information contained in this material should be regarded as a trading advice or investment decision.

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Trading cryptocurrencies is extremely popular these days as people are drawn into the industry by the huge levels of volatility that have been seen during 2017. Bitcoin, Ethereum, Dash and many others reached levels that most investors believed to be impossible. Also, since mid-December 2017 until middle January 2018...