One of the fastest growing trends in the trading and investment world is online stock trading. The ever increasing speeds of internet connections and personal computers make trading online a breeze. It is truly convenient to have all of your brokerage information at your fingertips. Stock traders can tell at a glance exactly where their account stands. Being able access all this information from virtually anywhere in the world is the ultimate in flexibility.
You can grab quotes, pull up charts of your favorite markets, and much more. One of my favorite features is to be able to see my account balance in real-time. If you have positions on at the time you can also see your position profit or loss in real-time. This allows you to know where you stand at a glance. Use this feature sparingly as it's easy to get addicted to watching these changes on your computer screen. One of my favorite features is the ability to "park" stock trading orders.
This is super convenient and allows you to be prepared for any situation during the trading day. With a parked order you have the option to place a specific trade anytime you want at the click of a mouse. If I had to name another of my favorite features of online trading it would have to be "simulated trading".
Simulated trading is a great way to become familiar with the process of online trading without risking any real money. In this way you can hone your skills in order placement so that you do not make any needless mistakes when you start trading with actual capital. Get to know your online trading platform well before you trade with real moneybecause in the world of trading most every mistake you make can cost you money.
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