During the times of rapid inflation, stock trading is a great way to earn some extra income. Although it involves a certain degree of risk, it can be a rewarding and exciting experience at the same time. Most Indians are daunted by the prospect of trading shares, due to the various hassles involved such as extensive paperwork and searching for stock brokers. However, with online trading, you need not worry about these problems. Online share trading enables an individual to plan their investment, right from the comfort of their homes. The online mode of investing eliminates all the major hassles of investing, all you need is an online demat and trading account such as Angel Eye and stable internet connectivity. Here are a few more reasons why you should consider online trading:-
Eliminates middlemen: With online trading, you can carry out transactions without any direct broker communication. While trading physical shares, you cannot make a trade without meeting or calling your broker. However, in online trading you need not depend on brokers to carry out the trading transactions.
Lower costs: Since no brokers are required to execute trading, the costs are cut down to a great extent. Although some websites do ask for an online brokerage fee, the costs will be considerably lower.
More control: As compared to conventional trading, online trading and online trading account offers greater freedom and flexibility to traders. Online traders can trade shares according to their convenience almost instantaneously. Moreover, investors also have the option to explore all the opportunities as opposed to depending on the broker for suggestions.
Real time monitoring: By choosing to trade shares online, you can access advanced online interface to keep track of your investments throughout the day in real time. You can easily log in through your phone or computer to check for the gain and losses at any time of the day. Online brokerages, offer several advanced tools for trader of all levels and provide useful financial news and research reports.