In a growing economy such as India’s, investing in the financial market can be a very lucrative proposition. You can trade or invest in stocks, bonds, options, futures and currencies to secure your financial future or transform your fortunes overnight. For decades, it was assumed that if one wanted to invest in shares, he or she would have to find a trustworthy share broker who would facilitate his or her transactions and give them financial and investment related advice.
While sound investment advice from an experienced and established brokerage service is still very useful and highly in demand, the need for meeting share-brokers in person to carry out transactions is, in my opinion, no longer prevalent.
This change has been brought about by the advent of online brokers, who provide traders and investors with a platform to carry out their transactions without ever having to leave the comfort of their home. Through an online brokerage, you can educate yourself about your investment options, place orders to purchase and sell shares and give yourself the opportunity to make a considerable amount of money, all of it without ever having to leave your house.
Online share trading has a number of advantages. Some of them have been listed below for your perusal.
1. Convenience: In order to become a successful online trader or investor, all you need to do is to open a trading account on a reliable brokerage platform. So long as you have a reliable internet connection, you are not bound by time or place. You can transact successfully and make money from your home, office or your child’s annual theatre performance. Online share trading or investment does not force you to take time away from your other obligations. Hence, online trading offers greater convenience, accessibility and comfort. Additionally, it enables you to save time that would have been otherwise wasted in traveling to brick-and-mortar brokerage offices.
2. Affordability: In online share trading, the fee charged by the share-brokers is lower than the commission expected by traditional brokerages. Additionally, if you trade in a substantial volume of stocks, you can even negotiate the broker’s fees. Thus, the above reasons make online trading or investing more affordable than the traditional method.
3. Ease of monitoring: Online share trading offers investors advanced interfaces through which they can remotely monitor how their money is doing throughout the day. They can trade, invest, buy and sell shares at their leisure and can use their phone or computer to evaluate their profit or loss. Online trading ensures that investors never have to leave their money unsupervised on the market and it allows the trading process to be continuous and uninterrupted.
4. Faster: Online trading is faster and more efficient than traditional methods of trading. This is because online transactions are almost instantaneous and stocks can be bought and sold at a moment’s notice over the internet. Online traders can trade whenever they want to, instead of being hamstrung until they are able to contact their brokers and the broker is able to place their order. Additionally, when working online, investors can easily review all their options and make independent choices instead of being completely dependent on the broker to tell them where to invest their money. As a result, online investors have greater control over their own money and can transact at higher speeds than their traditional counterparts. Due to the nature of the stock-market, this speed can be of vital importance to a trader.
In conclusion, I would say that online trading offers traders and investors a number of important advantages that, in my opinion, can enable them to become more effective and knowledgeable about their money and investments. So if you want to invest in any of the shares listed on the bse or any other stock exchange in the country or abroad, be sure to identify an established and experienced online brokerage platform to facilitate your transactions.