The New World Of Online Stock Trading
Posted by Nick Niesen on November 8th, 2010
The world of stock trading in the United States happened almost simultaneously with the birth of the country. In late 1700s Philadelphia, the first stock exchange in American history was formed as a way to stimulate this new economy and fund business. This fledgling foray into stock exchange gave rise to a small group of merchants who formed the New York Stock Exchange (NYSE); their initial operations called for a daily meeting on Wall Street during which they would trade stocks and bonds.
Unbelievably, this outdoor trading market continued until the early 1900s when trading was happening at a frenzied pace ? with millions of dollars trading hands. This would not be the last time that the stock exchange would grow to accommodate public need. Today's stock exchange has figuratively moved back outdoors ? as stocks and bonds are traded on a daily basis over vast networks of worldwide computers. This new world of online stock trading has ushered in a new chapter in the stock exchange ? one of adaptation and a new level of convenience and independence for investors.
Online stock trading has grown in popularity as investors spend more and more time on the computer working, communicating, and entertaining themselves. The ability to access financial information from the comfort of their own homes gives investors a new level of independence and a greater hand in their own financial security.
The process of online stock trading begins with the identification of one of many brokerage companies that offer online trading services. It is initially important to ensure that you are working with a reputable company. As with anything else on the Internet, you must enter into relationships armed with knowledge about the company in which you are interested.
Some of the larger names in investment offer online services through which investors can work. Once an online brokerage company has been identified, it is up to the investor to create an online account through which they will trade. This online account gives the investor immediate access to their financial portfolio day or night. They can check their progress and set forth a plan of action to meet personal financial goals.
The benefits of online stock trading are numerous beginning with the level of convenience offered through online investment. Investors can buy and sell commodities from the comfort of their own home. Further, online stock trading includes much lower brokerage fees than charged by traditional brokerage houses. Online investors can expect to pay anywhere from $7 to $10 per trade. This helps to manage costs and achieve the highest level of profit.
But, most importantly, online stock trading means a whole new world of control for investors. The tools offered through online brokerage services include up-to-the-minute stock quotes, historical tracking and future predictions for stocks, and information about the companies offering the stocks. Investors can research those stocks in which they are interested to make the most informed decision they can.
The world of investment will always be in existence. But the manner in which it exists will continue to evolve to meet the ever-changing needs of investors. Online stock trading is today's answer to modern investment, providing consumers with the best of all worlds.
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About the AuthorNick Niesen
Joined: April 29th, 2015
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