The
overwhelming advantage of online share trading is convenience. While normally, you deal with a broker and own paper shares,
with online
trading everything is very simple, fast, and efficient. You are also in complete
control of whatever actions you take.
Unmatched
convenience and efficiency:
One
reason many people are never seriously interested in share trading
apart from the risk is that
although they are curious, they know it is a hassle to go some place to
trade and handle all those paper certificates. Also, many don't have the
time for all this.
Online trading eliminates both these hassles. First by
making your transaction virtually paperless, and second by enabling you to
buy and sell shares anytime anywhere where there is Internet access. In fact
you can even place a sell or buy order by specifying your order value during
non-market hours. Which broker can you talk to place a buy order in the
middle of the night? With online trading, this is easily possible.
It can be your home, office or Internet café; you are
ready to go to your account to buy or sell shares or to just watch how your
portfolio is performing. There is absolutely no paper involved whatsoever
except for the initial application you sign and give for the purpose of
taking a web trade account.
Only thing you would need to do is send your money to the
bank account so that you have the money in the account to be able to buy
your favourite stocks. Your share trading
system will be linked to your bank account and once you have the money in
the account it can be made immediately available for purchase of shares.
Major advantages of online share trading:
