Mobile4X is a new services that provides custom real time SMS alerts on forex rates. The free service can be set send alerts on a time basis or upon a breach of a technical level. Here’s a review.
Mobile4X was developed by Peter Blaikie, who wanted to relieve forex traders of their habit to attach their nose to the screen, as most traders also have a day job and everyday life. Back in 2007, he began developing this system, which is not signal based.
The system can be used in various ways: You can set up to two price-based alerts per currency pair and three timely updates a day. The currencies that are supported are USD, EUR, JPY, CHF, GBP, NZD and AUD.
The service also works on demand – you can send an SMS or an email to the system, and receive a prompt answer, as many times as you want. A full manual is available here. Everything can be managed through the web interface as well.
The service is basically free, and the only costs are for the text messages, depending on your carrier. Mobile4X has local access numbers in the US, UK, Australia and New Zealand, which make it cheaper for sending text messages. As for receiving messages, the service is already supported in 180 countries. Very impressing.
I’ve tested the service in various ways and found it to be quick and accurate. My phone immediately notified me on a new message when price moved out of range, or when I asked for a quick market update.
What’s necessary is an expansion of local access numbers to other countries will also be useful for traders that want to get updates on demand.
This service can free traders not only of staring at their forex charts for hours, but also free them of signal providers, which send updates only for buy / sell signals, and don’t enable custom alerts for forex exchange rates.
Want to see what other traders are doing in real accounts? Check out Currensee. It’s free..
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