There was a time when the only way to trade stocks was through stockbrokers. A stockbroker was in the position to take stock orders, make suggestions, and thereafter manages the entirety of actual selling and buying of stocks. In due course of time with the advent of internet, stock trading via brokers has become a redundant practice, only done by those who deal in large quantities of stocks-typically wealthy individuals or large businesses. An average trader no longer requires assistance of a trade broker because now they can trade online using stock trading software solution. They can now trade effectively with real time stock market updates.
Virtual Stock Trading Edge:
Active traders and day traders now have new platform to call their own without having to depend on a trade broker. There are huge benefits of online stock trading, especially for casual traders.
Cost
Broker with years of experience and advanced degree may promise better trade practices on trader’s behalf but they often charge high fees. They not only charge up-front fee for their services (brokerage fee), but often take a percentage of any earnings. There can be hell lot of other fees attached in the exchange of services, costing heavy on the trader’s pocket. On the contrary, online brokerage firms charge flat rates for each transaction, which are comparatively inexpensive.
Full control over what you do
Another biggest advantage of online stock trading is that the trader has full control over what he does. This was considered to be a biggest drawback while trading with stockbroker, for they would often refuse to perform a trade thinking that it may cause a poor investment and traders didn’t have any say in that. Although it saved potential clients from making a bad investment but at the same time it also prevented them from taking a risk that would pay off enormously. Online stock trading removes the middleman from between the trader and the stocks they want.
Immediacy
A long chain of investors>broker>trade>payoff is sometimes too time consuming to execute the trade in real time, which is an anathema to the world of stock where time is everything. This is when online trading software helps trader to execute immediate investment along with real time updates regarding stock performance. The time lag between the purchase and the actual time is also reduced to zilch.
Freedom
Trading through broker usually requires a minimum trade allotment, which prevent casual traders from being able to trade whatever volume of investment they want to.
Other benefits include:
- Easy-to-use solution
- Precise and accurate functionality without any human error
- Cost-effective
- Real-time trade workstation
- Stock hunting at its finest
- News filtering capabilities
- Retrieve real-time data needed instantly
- Get personal alert
Stock trading has come a long way from archaic day’s stockbrokers to effective trading software allowing traders to make deals even from the very comfort zone of their home. Trading software has revolutionized the way in which traders monitor the stock market in absolute real-time to find trade opportunities as they happen. It has become a boon for casual traders who are now able to trade stocks irrespective of the quantity of the investment.
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