What is online trading?
In the past, traders had to call and SMS brokers for investment and traders work in a smaller number. But in this digital era trading is very easy. Traders invest from home without much effort.
In online trading, you can directly trade your stock from websites and apps without any call or SMS to brokers.
Online trading system is also known as Trade Smart. Online trading is a hell of an easy Way, all you need is a good computer or mobile and internet.
You can trade online from your homes and buy and sell your stock online.
Online trading increases the ratio of trading because people are attracted towards it. You can check the history of any company online and then you can invest there.
“Process of online trading”
Process of online trading is so simple. First of all you have to place an order for registration on any trading platform. After this your order will be active from the database within minutes. Then you have to place an order to buy something and when your order is matched with the seller you will receive an order, and both parties will receive a confirmation.
Record of transactions will also be saved in both people accounts and you can check this in your transaction history and for tracking your record.
One contract will be sent to your broker, and he will sell shares and any other person will buy it.
After that, brokers have 3 days for exchanging cash. Either the broker transfers money through a bank account or gives cash, it depends on the broker. After three days money will be transferred to your account.
“Advantages of online trading”
There are many advantages of online trading. Some of them are listed below;
“Independence from stock brokers”
In the past traders had to call and SMS to brokers and ask for Records. In this there are many chances of mistakes and a single mistake causes a very big loss. Now traders don’t need to call. Traders should have a stable internet, they can easily see all the records on screens, prices of shares etc. This process decreases the chances of mistakes.
“Online trading is fast/quicker”
Old trading was time consuming but online trading is quicker. In old trading, traders have to call brokers for information and records and sometimes that call goes in a queue and traders have to wait. But now in online trading you can check all the records, information, trading history, stock prices etc in seconds just by clicking a button. In this Way online trading is very easy and fast.
“Location flexibility”
There are different apps and websites for trading platforms. Traders can easily manage their stock from anywhere. Dealing for trading and for checking history, open your app and monitor trading from where you want.
“Gets Alert”
In online trading, you don’t need to call a broker for your stock alertness. You can simply open your Mobile App and then go to settings and enable the email and SMS alert.
From this you will receive an email and SMS of transaction and you can use it to maintain your records. Moreover you will not need to check transaction history again and again.
“Keep track in real time”
One more advantage of online trading is that you can check the exact price of any share in real time. Open the app and check the exact prices of shares when you wish. Like this you will know the exact prices of shares, you will not need to ask brokers for stock prices.
“Cheaper from old trading”
Online trading is cheaper than phone reading. In phone trading, brokers take the fee from traders from investing to maintaining record. Due to this reason many stock brokers made their own trading platforms. This saves the cost of both trader and broker because brokers also have to pay a fee to keep shares in the stock market.
“Trade in multiple stock exchange”
The biggest benefit of online trading is that you can trade multiple stock exchanges on a single platform even from the same website and app.
You don’t need to manage each stock separately. Your all assets can be managed on a single laptop or phone.
In phone trading, if the broker allows you then you can trade multiple stock exchanges but in online trading it is not the same.
“Fast transactions”
Online banking is a fast and good way of transactions. Funds are sent in account in minutes. And because of this reason traders can buy and sell shares easily by single click. In online trading, online banking is used for the purpose of transactions.
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