Is Online Trading Really Beneficial For The Investors/brokers?
The general meaning of Online Trading is trading of the stocks with the aid of internet
. Online Trading has successfully brought the stock exchange facilities within the easy reach of the people requiring them. There are a number of trading sites today that facilitate Online Trading. With the introduction of Online Trading, the investors, mainly the new ones, who were not actively involved in the market, are now rushing towards it. It is due to the upsurge of Online Trading that its feasible to trade in various securities like bonds, stocks, options, futures, mutual funds and Forex currencies. The act of placing buy/sell orders for financial securities and/or currencies with the use of a brokerage's internet-based proprietary trading platforms. The use of online trading increased dramatically in the mid- to late-'90s with the introduction of affordable high-speed computers and internet connections. Whats more, there are several advantages of online trading. Few of which have been mentioned below:It is fully automated trading process which is broker independent to trade from anywhere
It is informed decision making and access to advanced trading tools
Traders have direct control over their trading portfolio
Ability to trade multiple markets and products
Real-time market data
Faster trade execution which is crucial in day trading and swing trading
Discount commission rates
Choice of routing orders to different market makers or specialists
Low capital requirements, high leverage offered by brokers for trading on margin, easy to open account and easy to manage account, and no geographical limits. So online trading favors active traders
Apart from this, there are several other advantages of Online Trading like you can manage your own stock portfolios; you will have more control and flexibility over the types of transaction you choose to conduct, The commission costs for trading are significantly less money than using the services of a professional broker, You can get access to lower fee mutual fund investments, Online brokerage firms tend to offer their clients a slew of tools included real-time Level 2 stock quotes, news, financial tools and graphs to help you do research. Some online brokerages will provide their clients to free access to high quality research reports created by Standard and Poor and other predominate financial players. Online account investors have access to their accounts 24/7 although market hours (trading hours) are from 9:30am to 4pm. As long as you have access to a computer and the internet, you can take steps to manage your finances wherever you may be.
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