There are several advantages of online stock trading:
1.The cost is cheaper.
First, online broker fee is cheaper. Online brokerage firms charge flat rates for each transaction which sometimes lower than broker fee. This is different with common broker fee that sometimes charge additional fee because of his/her reputation, additional erning, etc.
2. Anytime and anywhere, need internet connection only
It is real time stock trading, we know exactly by ourself the stock price movement (historical prices and current price) on an online application. So we do not need to waste our time to call or visit a broker. Even we’re at home or on vacation, as long as there is an internet connection, we’re still can do a trading.
3. Do not depends on a certein broker
A broker sometimes needs to break for vacation or take a rest. When we need to do a transaction at the moment, we’re now not depending on the broker’s time schedule.
4. Free to choose. It is our money and our choice, not the broker choice.
Sometimes a broker drive us to do a transaction because he/she feels that it will give a big earning. But in our opinion, another transaction will earns more money. Regardless who is right later, we have our freedom to do what we want to do.
5. Responsibility for the sale and purchase of stock is full in our hands. It is to avoid mistakes that broker enter wrong order prices.
It can’t be denied that broker or us can make a wrong input on a purchase/sale of stock. With the same dollar of wrong input, we can excuse our mistake. mad for broker’s mistake. Contrarily, we tend to be mad for broker wrong input.
6. Save our time
Just sit in the front of computer, and the game will start immediately. We don’t need to waste our time to call, walk, and waiting for the response. E-trading makes everything easier.