Online Trading has gained immense popularity
Online Trading has gained immense popularity
Introduction
Online Trading has gained immense popularity of late and with most stock traders switching to invest online.Being a member of an online share trading site allows log in and trading using any computer that is connected to the Internet. An online share trading site has an online trading platform provided by the online broker who runs the website. The broker, through their platform offers the trader information and access to market data, news, charts and alerts. All trading decisions are made by the trader himself with regard to the market information he has. In return of their services online stock brokers charge trading and software usage fees. The website also offers a ledger or personal record of the status of the trader's account and holdings. Research and money management tools are also made available.
Advantages of Online Trading:-
- Everyone is doing it. With the advancement of internet technology, more and more people around the world are gaining access to a high-speed internet connection via their computers. This makes online trading an increasingly popular activity among traders, and more people than ever are looking for online trading accounts to start trading with.
- Access to information. With the availability of market data, news, charts, alerts as well as research reports, making trading decisions has never been easier. A trader has access to his or her specific account details, such as the available margin and the account balance and hence the trader can constantly adopt and change the trade strategy according to the changing circumstances of the account.
- Regulations. Most of the online websites run by broking firms are tightly regulated and have well established compliance norms.
- Control. A trader rest assured, that any placed order will be precisely for the amount invested, without any deviation, giving the trader full control of his amount and transactions. Online trading offers minute by minute control while monitoring open investments, with the ability to trade instantly.
- Wide range of products. Share trading in both NSE and BSE, derivatives trading, overseas trading, mutual funds, IPOs, commodities, currencies and life insurance is possible online at the click of a button.
- Convenience. You can trade in shares without going through the hassle of tracking settlement cycles, writing cheques and transfer instructions.
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