Stock Market In Your Pocket

By Author: SamJacob Thomas
Total Articles: 40
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From the days of fervent calling-out of trades to the dealer on the trading platform, we have evolved to every detail about stock market being electronic. Just like everything else, the internet sped up the markets as well. We moved on to sitting next to the sub-brokers pestering them to keep on refreshing market rates. Soon the cell phones arrived, which saved the brokers from the continuous and zealous presence of retail investors.

Now the phone kept ringing all the time, people were put on hold for long spells and it was high time for turn of events. So the entered the trading software which gave every man the freedom to manage his own trading at his own convenience. Home or office desktops, laptops and notebooks became assets. Alas despite the portable internet, these systems did not quite penetrate all situations and enable an active trader to do his bit. But the cell phones kept advancing and are still going the next level since now we have mobile trading!

Advanced phones mean advanced features and utilities. Everyone’s call for simplifying the processes was heard and now stock broking companies are customizing ...
... their trading software to fit in the investor’s hand. A generation with the primary mission of multi-tasking successfully, definitely stands to gain from this development. The sudden ease of access is bound to get more players in the stock market since a common man is less hesitant about operating a phone as compared to using software on a computer. It is still software on the phone but its better known as trading app and well, by popular notion apps are fun and easy.

Being on a palm size device doesn’t limit the trading apps. Placement and modification of orders, setting price and time alerts, tracking open positions and orders, viewing account details, charts and technical analysis indicators, everything is possible. But the best part is its reach. It means that anyone with a smart phone today can be an active player, whether a farmer or a NRI, although NRIs need slightly different arrangements. Having an NRI account is a must to participate in the Indian market which requires cent percent funds and stocks while buying and selling respectively. Even that process is taken care of by the broking companies.

So whether walking up the Wall Street lane or hanging out of a local train, every single moment of the short-lived market hours is right in your pocket especially when the situation is volatile. Mobile trading is an opportunity to be absolutely benefited from so that more time could be employed towards analysis and research-based investing plans.