E-Trading7th July 2021 0 By indiafreenotes
Online trading is the act of purchasing and selling financial products on the Internet. The trader buys and sells using an online trading platform. Online trading may include trading in bonds, stocks (shares), futures, international currencies, and other financial instruments.
Online trading is simply buying and selling assets through a brokerage’s internet-based proprietary trading platforms. The use of online trading increased dramatically in the mid- to late-’90s with the introduction of affordable high-speed computers and internet connections. Stocks, bonds, mutual funds, ETFs, options, futures, and currencies can all be traded online. Also known as e-trading or self-directed investing.
Most people trade online through an online broker. An online broker is a brokerage firm that offers its services on the Internet. Unlike traditional brokers, the investor does not meet the broker face-to-face or via the telephone. Everything happens on the web.
The online trader has much more control over trades than the traditional trader. They can execute trades considerably faster than they ever could face-to-face or over the telephone.
Apart from being able to manage multiple positions simultaneously, the online trader has access to extensive data. Online brokers and other websites provide comprehensive information on companies, exchanges, and markets.
The Advantages of Online Trading are:
- Chances of Error is less
- It’s Simple
- It is Less Expensive
- Quick & less time consuming.
- Complete Control
- Access Reports.
- Monitor Investment All time