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Want to try Online trading platform....READ it First.

Monday, August 24, 2009 | Labels: , | |

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If You want to open New demat account or you are existing trader do trade in broker room, then you can choose one of the good option Online trading. This is most covered facility from traders. Most of trader avoid this facility.

In India as revolution online trading start, stock market also comes on platform. Trade start to complete from home on trader. This facility reduced crowd of broker house. Now day most of trader do trade from home.

On-line trading platform give freedom to trader. Necessity of going in broker house is reduced.  Trader can enjoy trade from home now. This increase time of trader with their family. On-line trading platform have it's own advantageous  You can earn money using online platform in home. This will help you  to do trade with peace. This found helpful when you are away from market rumors.

Now days online trading platform is equipped with so many amenities. They provide you update message in real time. There is chart also available to ease of trade. It may differ from broker to broker.

There are two types of online trading platform

Installed software on Trader's computer


 Trading software is installed on Trader's computer. It require fast internet connection(Broadband connection is most suitable). It's cost is quite high. It is suitable for high Volume trader.

Advantages:

  • Orders directly send to stock exchanges rather then stock broker. This makes order execution very fast.
  • It provides almost each and every information which is required to a trader on a single screen including stock market charts, live data, alerts, stock market news etc.

Disadvantages:

  • Location constrain - You cannot trade if you are not on the computer where you have installed trading terminal software.
  • It requires high speed internet connection.
  • These trading terminals are not easily available for low volumn share traders.

Web based online platform


This type of platform is no hassle to installed any software on Trader's computer. When you open web of your broker and login to your account, then JAVA based information platform will come infront of you. This is good for low volume trader.

Advantages of Online Stock Trading (Website based):

  • Real time stock trading without calling or visiting broker's office.
  • Display real time market watch, historical datas, graphs etc.
  • Investment in IPOs, Mutual Funds and Bonds.
  • Check the trading history; demat account balance and bank account balance at any time.
  • Provide online tools like market watch, graphs and recommendations to do analysis of stocks.
  • Place offline orders for buying or selling stocks.
  • Set alert to inform you certain activity on the stock through email or sms.Customer service through Email or Chat.
  • Secure transactions.

Disadvantages of Online Stock Trading (Website based):

  • Website performance - sometime the website is too slow or not enough user friendly.Little long learning curve especially for people who doesn't know much about computer and internet.
  • Brokerages are little high.
  • Advantage of online trading

Following are online Trading account provider in India;
  1. ICICIDirect
  2. ShareKhan
  3. Indiabulls
  4. 5Paisa
  5. Motilal Oswal
  6. HDFC
  7. Angel Trade
  8. Usertrade
  9. Reliance Money
  10. IDBI Paisa Builder
  11. Religare
  12. Geojit
  13. Networth
  14. Kotak Sec.

This information is found useful to newbies as well as trader who want to free from crowd of broker house.

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