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How Online Trading Simplifies Your Life
If there’s one technological revolution that has transformed the stock markets, it was the advent of online trading in the 1990s.
Investopedia defines online trading as “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.”
In simple words, online trading brings power into the fingertips of a user, who can be a trader or a long term investor in financial instruments, especially stocks.
The use of online trading increased dramatically in the mid- to late-'90s with the introduction of affordable high-speed computers and internet connections.
Trade from anywhere
The biggest benefit that online trading has for its users is the power to trade from anywhere, using just a few clicks of the mouse. This is a massive drift from the ring based trading that used to happen til about a few years back, and which required the trader/investor to have a physical presence at the stock exchange.
Now, whether you are still in Kolhapur or Trichy, Kashmir or Aligarh, you just need a PC and an Internet ...
... connection to trade in stocks, using your online trading account.
Benefit from intelligent research
Online trading platforms have become so dynamic these days that you can easily access the research and strategies on investments of your choice, again by click of a few buttons.
What is more, some platforms actually customize their investment strategies to suit your risk profile and provide you with simple to act recommendations.
So you don’t have to anymore depend on your neighbourhood broker for stock tips. Readily available research that is suited to your needs is now available to you in quick time.
Keep close watch on your net worth
Online trading platforms also allow you to maintain your investment portfolios and watch them 24x7. These portfolios are always up-to-date, and thus you can have a ready snapshot of your net worth and portfolio returns as and when you want. This also aids informed decision making. These portfolios are also linked to real-time market data, which enables quick action on your part.
Conclusion
Online trading is a great service for investors who want complete control over how to invest their money across asset classes. One reason few people were seriously interested in investing or trading till about a few years back was because it was a hassle to go to a stock exchange to trade and handle all those paper certificates. What is more, people did not have the time for all this.
Online trading eliminates both these hassles – place and time. As we mentioned above, you can now trade from any place on Earth, and do it any time. It can’t get simpler and better than this!
Author Bio
Ritish Kumar is a finance enthusiast and a keen observer of the Indian share market. In this series of articles, he talks about investing in stock market and staying profitable. online trading
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