The amazing world of internet has brought about many changes in the way we conduct our lives and our personal business. We can pay our bills online, shop online, bank online and some would even date online!
Since the internet is available 24/7, we can buy and sell stocks online. The ability to look at your account whenever you want to is wonderful. Another advantage of trading online is that fees and commissions are often lower.
If you are new to investing, having the ability to actually speak with a broker or the live help is very beneficial. You must make sure that you learn as much as you can and do paper trade online before you start trading online with real money. This is exactly why I would encourage you to attend previews on investing seminars first to get some understanding. Of course, during the previews, the presenters usually present the seminars in such a way that making money is super easy. If only it is really this easy, why bother working, right!
One of the reasons that I had delayed opening an online trading account is I needed to feel comfortable with my broker. I've recently opened an online trading account a couple of months ago through a colleague's introduction to her broker. As I have never done any online trading before, I was fearful that if I hit the wrong button I might lose money, etc, etc. My broker seems quite helpful and he replies to my smses quite promptly too.
I met him to sign up for an account and also to have a better understanding of how the online system works. I would prefer to have a better understanding in order that I would feel comfortable to start trading online. After going through a brief hands-on, I feel that I am ready to give it a shot online.
Again, online trading is a beautiful thing – but it isn’t for everyone. Practice, practice and more practice using paper trading before you decide to trade online with real money and make sure that you really know what you are doing!
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