As the world of business increasingly moves onto the internet, the stock markets have followed along, making online share trading one of the best ways to enter the world of finance. It is now possible for a trader to place, execute, and monitor orders from their PC, laptop, or mobile device. The old days of waiting for your broker to return your calls are over, you can now make your trades in real-time any time you like!
The way this works is you open an account with an Australian share trading platform so you can execute your trades over the internet with the ability to buy and sell shares at your own convenience. There is more than just share trading that you can do using a trading platform, there are equity trades, futures, currency futures and options, and more, all at your fingertips. The system puts you in charge, at the centre of your personal investment strategy.
Online trading gives you, the user, a previously unheard-of amount of control over your trading account. Instead of relying on another person to take action on your behalf, a busy broker who has other clients to work with other than just you, the online platform gives you the power to place your orders and take accountability for their execution. Some of the major drawbacks of the old offline, brick-and-mortar brokerage were not being able to communicate with your broker in a timely fashion, or get what you felt was the best possible price because they were second-guessing you. Online share trading puts you squarely in the driver’s seat with total control over the process from placing your order to monitoring, modifying, and eventually selling it onwards if and when you choose to.
Not only are you in control, you will also pay less because the internet brokers will offer you lower brokerage on your internet trades because most of the tasks will be done by you! The online broker doesn’t need to maintain a costly brick-and-mortar front office infrastructure that traders end up contributing to, so the cost savings are passed on to you, the trader.
Another great benefit of online share trading is that you can do it from anywhere at any time, across borders and seas, day or night, it’s all the same to you! This gives you the opportunity to act immediately on a potentially game-changing event you happen to see on the news that night without having to wait for the brokerage to wake up the next morning! Your online trading account gives you the power to simply buy in, or sell off, with one click. This kind of flexibility was unheard of at one time, but now it’s available to you at all hours, at your convenience.
If all of this sounds exciting to you then we would encourage you to get involved! Once you have opened your account the world of share trading and a lot more will be available to you at your fingertips, making you the master of your financial destiny!
