Increased margin on trading due to best prices and lower cost of transactions
Retained profit share by avoiding cost erosion
Super convenient trading and universal access
Reduced error percentage through seamless process and
Self confidence and Rationality in trading
Is online trading a good idea?
There is no contesting if online trading is a good idea or not! But is it for everyone? This is a question best answered through introspection by each of you, before venturing into it. If a retail investor is able to take advantage of all the merits that online trading brings to the table such as, independence of thought and decision making, along with all the laborious processes it precludes… then, it does seem like a win-win situation.However, one must also take into account the downside that share trading software may sometime be challenged with, such as, security breaches, digital hacks or even time-outs in connectivity that may unfortunately leave the trader helpless in a crunch situation. Avoiding these pitfalls by choosing reputed share market brokers, carrying out due diligence before registering for this service and taking more than adequate care in guarding security information, will go a long way in using your trading acumen skillfully and profitably!
Can Online trading Make You Rich?
Given time, discipline and experience, every online trader has an even chance of making sustainable levels of money from the market. Additionally, clarity on :
Identification of tradeable markets/securities
Set of strategies, sufficiently back-tested
Defined timelines and entry/exit points
Resilience and capacity to learn a lesson
….all of these will enable an ideal mind-set to a successful trading track record!