Advent of Forex Trading on Mobile Devices Pushes Boundaries of Freedom

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Even though worldwide economic conditions show no signs of abating, Forex trading is steadily growing as a viable means of generating cash in these dark times. Now, Forex traders have added another weapon to their arsenal: trading on mobile devices such as pocket PCs and mini notebooks. These unique wireless devices afford Forex traders freedom of mobility, as well as the opportunity to gain an advantage in this competitive marketplace.

I have access to all the currency pairs; can easily change from one timeframe to another; all the indicators I need are here; and it saves your chart setup so it's there the instant I open it up again.

Today, newly elected U.S. President Barack Obama denounced the actions of Wall Street financiers over the last year as "outrageous" and "shameful." Throughout 2008, the world economy cratered, due in no small part to these U.S. financial institutions. Yet, there remains a vibrant pocket of financial activity largely untouched by these dark economic events. This industry is called Forex trading.

According to Colorado-based (US) insider Trading Mastermind (, all indications suggest that Forex trading has not only weathered this global economic downturn but has even seen moderate increases in this last year. Forex insiders predict even greater gains during 2009 and beyond.

Forex trading's buoyancy is due partially to technological advances which now allow foreign currency exchange trading to be conducted on wireless mobile devices.

Technology Brings "…Freedom of Mobility"

Forex, short for "foreign currency exchange," is the purchase and sale of foreign currencies. Forex has emerged as one of the prime ways that ordinary citizens can leverage the power of world economic markets to make considerable sums of money for themselves.
But one myth of Forex trading--that of the daylight-deprived Forex trader glued to a computer screen all day long--has recently been destroyed.

Now, Forex traders can operate at nearly full capacity, with the assistance of wireless devices, such as pocket PCs and mini notebooks.
Reports Scott Shubert, CEO and President of Trading Mastermind: "One of the reasons I love Forex trading is the freedom it provides, not just the freedom from enslavement to the corporate rat race, which itself is a good enough reason, but also the freedom of mobility. I like to go places…"

As the saying goes, the proof is in the pudding: Mr. Shubert delivered this statement pool-side from a Pacific Island resort where he was vacationing while attending a conference.

The Competitive Edge

More important than increased mobility, these mobile devices give Forex traders the competitive advantage they need.

Forex trading is a highly volatile, fast-paced marketplace. With massive daily turnover of $3.2 trillion, Forex trading far outpaces most other financial markets--stocks, commodities, mortgage-backed securities, and even precious metals.

Any Forex trader serious about making money, particularly in these economic conditions, needs to grab every available competitive advantage.

"With QuoTrek (a service providing streaming quotes and charts to mobile devices)," says Shubert, "I have access to all the currency pairs; can easily change from one timeframe to another; all the indicators I need are here; and it saves your chart setup so it's there the instant I open it up again."

Recommended Mobile Devices for Forex Traders

Trading Mastermind recommends a number of mobile wireless devices as being appropriate for the Forex trader:

  •     The HP 2133, which runs Windows Vista, weighs in at 2.5 lbs. Its generous 8.9 inch screen and nearly full-size keyboard are perfect for displaying charts and other detailed graphics.
  •     The OQO, running on either Windows XP or Vista, has a robust 1.6 GHz CPU and a compact portable 120 GB hard-drive.
  •     The Sony Vaio UX, with a powerful Intel Core 2 processor: 1.2 GHz speed, 1GB RAM, Windows Vista Business platform. Retails for just around $2500, and can be carried in a belt pouch.

A fan of rigorous outdoor activities, CEO Shubert is partial to a class of computers known as "rugged laptops." These impact-resistant laptops are also impervious to sand, heat, and water. Shubert suggests the Panasonic Toughbook, the Irtonix Go Book, or similar rugged devices manufactured by Dell.

For information about how Forex trading can see you through these trying economic times, or about the intersection of mobile devices and Forex, contact Scott Shubert at

Trading Mastermind:
Trading Mastermind is the worldwide trading community's premier source for interaction and sharing of ideas and trading knowledge. Regardless of level of experience, all Forex traders are invited to participate in the community and improve trading skills through close interaction with other traders.

Scott Shubert, President
Trading Mastermind

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