Stock Trading Online: Buying and Selling Shares
- Date: 2007-04-12 - Word Count: 679
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Trading stocks online is now pursued by many people. Stock trading in America began in the 1700s when an exchange was established in Philadelphia for trading currency. This exchange permitted business owners to support their enterprise and the economy to grow.
The Philadelphia exchange was superseded in the early 1800s by the New York Stock Exchange (NYSE). The initial NYSE was a group of business people who met daily on Wall St to trade their stocks or bonds. Until the Exchange moved indoors in the early 1900s, this initial trading was all done outside. Whilst the traditional formula of trading from a physical exchange has served its purpose admirably, there has been a substantial movement away from this approach to trading with the increased use of online services. Trading no longer requires you to be in Wall St.
How the New York Stock Exchange operates could be compared to an auction. If a company is listed on the stock exchange, they have a post in Wall St whereby trades are listed and a specialist is employed as an "auctioneer" to oversee the bidding on each trade. This type of trading keeps an accurate balance between supply and demand in the stock market so the price of the shares is kept in check.
These days, it is far easier to become involved in trading stocks. In traditional stock trading, you engage a stock broker to take and place your order for you. You phone your broker to take the order and then there can be a delay in the order being executed. Now you no longer need to worry about engaging a stock broker to act on your behalf. If using the internet to trade you can place your order with the click of a mouse. The convenience of trading stocks online is also a boon.
There are many reputable companies through which you can set up an account to participate in trading stocks online. These online companies provide you instantaneous access to a range of services that were previously only available through engaging a traditional stockbroker. Setting up an online account gives you access to a variety of services including: up to the minute stock quotes, detailed historic performances of individual stocks, as well as detailed information about the companies, directors, busines structure and so on.
One of the most common reasons investors like buying and selling stocks online compared with traditional brokerage is price. There are much lower brokerage fees for buying and selling stocks online than there are through buying and selling stocks at a traditional brokerage house.An important advantage of using an online brokerage service to trade stocks online is the significant price saving in brokerage fees. This is combined with the immediacy at which you can gather information required in making your stock purchasing decisions when trading online. Many investors also like the independence associated with trading shares online. Many traditional brokerage houses would try to influence your decisions when trading shares, but an online account means all the decisions you make are fully your own.
Online brokerage sites are not just about buying and selling shares online. By giving you access to a wealth of information, online trading sites provide an important resource in formulating trading decisions. Many online brokerage sites will also provide courses designed to help you learn the tips and tricks of trading online. Instead of having to find all your stock certificates or calling your brokerage house ou can also get immediate access to your portfolio.
Keeping pace with advances in technology has allowed the global economy to grow. The ability to buy and sell stocks online becomes a reflection of the economy adapting to meet the abilities of new technology head on. Investors logging in to their portfolio from anywhere in the world to buy and sell shares online gives them the opportunity to take a greater role in securing their own financial future.
Mark Crisp is the creator of the Stress Free Momentum Stock Trading System. Pick up your complimentary copy of "The 7 Habits of a Highly Successful Trader" at http://www.stressfreetrading.com
The Philadelphia exchange was superseded in the early 1800s by the New York Stock Exchange (NYSE). The initial NYSE was a group of business people who met daily on Wall St to trade their stocks or bonds. Until the Exchange moved indoors in the early 1900s, this initial trading was all done outside. Whilst the traditional formula of trading from a physical exchange has served its purpose admirably, there has been a substantial movement away from this approach to trading with the increased use of online services. Trading no longer requires you to be in Wall St.
How the New York Stock Exchange operates could be compared to an auction. If a company is listed on the stock exchange, they have a post in Wall St whereby trades are listed and a specialist is employed as an "auctioneer" to oversee the bidding on each trade. This type of trading keeps an accurate balance between supply and demand in the stock market so the price of the shares is kept in check.
These days, it is far easier to become involved in trading stocks. In traditional stock trading, you engage a stock broker to take and place your order for you. You phone your broker to take the order and then there can be a delay in the order being executed. Now you no longer need to worry about engaging a stock broker to act on your behalf. If using the internet to trade you can place your order with the click of a mouse. The convenience of trading stocks online is also a boon.
There are many reputable companies through which you can set up an account to participate in trading stocks online. These online companies provide you instantaneous access to a range of services that were previously only available through engaging a traditional stockbroker. Setting up an online account gives you access to a variety of services including: up to the minute stock quotes, detailed historic performances of individual stocks, as well as detailed information about the companies, directors, busines structure and so on.
One of the most common reasons investors like buying and selling stocks online compared with traditional brokerage is price. There are much lower brokerage fees for buying and selling stocks online than there are through buying and selling stocks at a traditional brokerage house.An important advantage of using an online brokerage service to trade stocks online is the significant price saving in brokerage fees. This is combined with the immediacy at which you can gather information required in making your stock purchasing decisions when trading online. Many investors also like the independence associated with trading shares online. Many traditional brokerage houses would try to influence your decisions when trading shares, but an online account means all the decisions you make are fully your own.
Online brokerage sites are not just about buying and selling shares online. By giving you access to a wealth of information, online trading sites provide an important resource in formulating trading decisions. Many online brokerage sites will also provide courses designed to help you learn the tips and tricks of trading online. Instead of having to find all your stock certificates or calling your brokerage house ou can also get immediate access to your portfolio.
Keeping pace with advances in technology has allowed the global economy to grow. The ability to buy and sell stocks online becomes a reflection of the economy adapting to meet the abilities of new technology head on. Investors logging in to their portfolio from anywhere in the world to buy and sell shares online gives them the opportunity to take a greater role in securing their own financial future.
Mark Crisp is the creator of the Stress Free Momentum Stock Trading System. Pick up your complimentary copy of "The 7 Habits of a Highly Successful Trader" at http://www.stressfreetrading.com
Related Tags: online stock trading, share trading, momemtum trading
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