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2. The invention of the Internet has brought about many
changes in the way that we conduct our lives and our
personal business. We can pay our bills online, shop
online, bank online, and even date online!
We can even buy and sell stocks online. Traders love
having the ability to look at their accounts whenever they
want to, and brokers like having the ability to take orders
over the Internet, as opposed to the telephone.
3. Most brokers and brokerage houses now offer
online trading to their clients.
Another great thing about trading online is that
fees and commissions are often lower.
While online trading is great, there are some
drawbacks.
4. If you are new to investing, having the ability to actually
speak with a broker can be quite beneficial.
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If you aren’t stock market savvy, online trading may be
a dangerous thing for you. If this is the case, make sure
that you learn as much as you can about trading stocks
before you start trading online.
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5. You should also be aware that you don’t have a computer
with Internet access attached to you.
You won’t always have the ability to get online to make a
trade. You need to be sure that you can call and speak with
a broker if this is the case, using the online broker.
This is true whether you are an advanced trader or a
beginner.
6. It is also a good idea to go with an online brokerage
company that has been around for a while.
You won’t find one that has been in business for fifty
years of course, but you can find a company that has
been in business that long and now offers online
trading.
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7. Again, online trading is a beautiful thing – but it isn’t
for everyone. Think carefully before you decide to
do your trading online, and make sure that you
really know what you are doing!
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