Last month I was reading about Internet technology: how it is becoming common in our lives. That article pointed out how cyber trading of stocks is getting so common because of the Internet, and how people bought stocks, mutual funds, etc. Before all these online brokerage web sites people bought stocks and mutual funds by calling their brokers. Both ways of trading stocks share many similarities and differences.
Both ways of trading share few similarities. The most common way of trading is by calling the brokerage firm. This way of trading is the most common way of buying and selling of stocks, before and it still is. Both ways of trading stocks have drawback. During heavy trading times, suc
Trading stocks is quite time consuming, and it takes more time if you do so by calling up the brokerage firms. However, it was the safest way of trading and it still is. Before all these, online brokerage stock trading was a rich person's game, simply the high cost of each transaction made the practice unprofitable unless you had a bundle of money to invest. If ordinary people owned stocks, they owned it mostly through mutual funds and pension plans, where professionals made all the decisions. On the other hand, today online brokerages have changed stock trading by offerings investor's low transaction costs. Many investors now prefer to manage their own money. Online brokerage is very time saving where individual investors can trade quickly, and they also could get sto
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