The internet has revolutionized our lives and continues to do so every day. Why should stock trading be any different? Gone are the days when the only way you could trade stocks were through stockbrokers who would take your orders and execute them on your behalf. Quite naturally, online trading has become extremely popular and an increasing number of smart investors are now taking advantage of its benefits. With mobile phones getting smarter by the day, you now have the power to trade in stocks at your fingertips.
The Advantages of Online Trading
The biggest advantage is that the fully automated process allows you to trade from a place of your convenience. In a world where time is money, online trading ensures that you are now able to instantly exploit opportunities that the markets keep throwing up from time to time instantly. The time lag between decision making and executing the trade is virtually nil. You also have access to real-time information & updates on stock performance and your portfolio, take on-the-spot decisions and execute these at the click of a button.
Online trading is cost-effective. The brokerage fees charged to you have been steadily decreasing over the last few years. Newer technology and increasing competition means that you will continue to get better value for your money and an enhanced customer service experience. A sweet spot for you, as an investor!!
The third benefit of online stock trading is that it you can start with far fewer trades while you learn about stock markets. It is no surprise that online trading has enthused housewives, students and senior citizens to venture into stock markets. Before the advent of online trading, only serious investors would contact stock brokers and invest in stocks.
As you will agree, online stock trading has wrested the control of markets from brokers and put your financial future in your hands.