I just completed my two-week trial of the new Tap & ; Trade futures trading app for the IPhone and IPad and am left wondering how we all got by before this marvelous invention. Yes, the IPhone in and of itself is the cool tool, but when it comes to doing real heavy lifting, the Tap & Trade app turns a toy into an E Mini (E Mini FAQ) and other futures trading machine. I won’t bore you with all the technology details. My job today is to share my experience through my non-techy eyes. If you want all the product specs I invite you to go to their web site: http://www.tapandtrade.com/.
First off, it is completely simple to set up and get going. Especially when compared to PC-based, software driven trading applications this literally took minutes. Not only was I up and going in just a couple of minutes, the entire experience was done with no manuals, lengthy instructions or coaching from a customer service representative. Just as the IPhone is intuitive, so is Tap & Trade. Once you input your user name and password (this must be done every time you begin) you are brought to a simple screen with market groups to spin through. Click on one of the futures market groups or a custom group to see last price, settle and up and down arrows.
To get a more in-depth view of a particular market or place a trade, simply tap it and a much more detailed screen appears. Last price, bid/offer information and simple buy and sell buttons are at the top of the screen. In addition, depth of market and last traded pricing is also displayed. The charts are nice and clear. While perhaps not the most detailed, the charts get the job done.
In short, this app allows you to monitor virtually every futures market and place a trade, fast. In addition, it comes with a desk-top version that automatically synchs with your IPhone so that you can go back and forth between the two seamlessly.
What does this kind of cool cost? To get a quote only version is $250 per month and adding trade connectivity brings it up to $500 per month. Perhaps not for everybody, but if you are away from your trading desk and want either quotes or trading delivered simply and elegantly, than you should give this a spin.
Please visit our E Mini futures day trading course at: http://www.easy-emini.com/
Futures trading involves substantial risk and is not suitable for all investors.
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