What Makes Stock Trading So Fascinating

Category: Finance.

Trading stocks online can be very stimulating. In both cases you can earn much money.

It is both, either a great hobby or a full time job. The stock market has made millionaires since the very beginnings of share trading. The Internet and the computer revolution made it possible that even your grandmother can place an order to buy stocks online today. In the past you could trade stocks only for long term profits, today you can make profits within minutes. Online stock trading has become very easy. Not only in the US market but globally at almost any stock market in the world. Everybody with an Internet connection and a cheap PC can go online today and order shares.

What makes stock trading so fascinating? All the information you need is delivered in real time today at low costs. It is probably the possibility to get instant access to the markets. Stock quotes, news, fundamental data, charts. A private stock trader has almost the same level of information and execution possibilities as a professional trader at the trading desk of a bank. You can be your own investment adviser and make your own decisions.

The only difference is that the bank trader most likely has a much deeper pocket and probably direct access to the trading floor. There is a variety of online stock brokers today, more than we can count. Beside of that, access to information is equal. How to find the right one? There is nothing against doing everything yourself, with a discount broker you safe much fees and you are able to execute your trades yourself without human interaction. First you need to make the decision to trade either alone or together with the help of an experienced trader.

A full service broker gives you advice where you need it and does everything for you. You will trade more often and the cheaper commissions save you a lot of money provided that you make the right decisions and make profits. If you are joining the trading community because you want to make quick profits, you are better off with a discount broker. A broker will charge you around$ 5 to$ 10 per buy or sell and the fill through a discount broker shouldn t take longer than a few seconds or a minute. If you are a beginner in investing online then you are doing probably great by choosing one of the known brokers who offer entry level platforms which are easy to use. Many brokers offer many trading platforms what does not make the choice easier.

You have a buy and sell button and beside of defining the numbers of shares you want to order there is nothing more to decide. An investor has different goals than a speculator. Once you have made a couple of trades want more, you can take a direct access platform which costs some money but allows you to do dozens of trades per day with ease. Both want to make money but the strategies are different. You can choose between thousands of stocks every day. There is plenty of room for every trader. The markets are open for more than six hours a day, plus the extended trading hours.

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