If you want to get into the stock market, you probably think that you have to hire a broker and have the broker make suggestions and trades for you. That is so old-school now. Instead, you should be using online trading terminals. Here are some of the major benefits of doing the trading yourself via these online terminals.
1. No Broker Fees
Brokers can either charge up front for their services, or take a cut of your stock sales. Some brokers will even charge you a fee and take a percentage of your sales. When you are the broker and trader online, there are no broker fees.
2. Some Sites Give You Free Trades
There are a few high-quality online trading terminals out there that charge nothing for you to use them. You can make as many trades as you like without paying a dime. Other sites may charge you a penny a trade, or charge you a flat annual fee to open an account with unlimited trades. All things considered, it comes out better for you in the long run.
3. Trade Anytime--Day or Night
Stock markets around the globe are open at different times of the day and night. So, why not allow investors to trade when they have time to do so? Online trading companies recognize that many investors are extremely busy during the day, so having platforms where trades can be made overnight is ideal. That is exactly what the online trading terminal offers; stock trading 24/7.
4. Investment Suggestions
You may not be looking for investment advice, but some trading platforms/terminals often offer suggestions for stocks based on what you currently have in your portfolio and stocks that might be of interest to you. Some of these suggestions could yield some decent profits. Others might be duds. However, the free suggestions are akin to having a friend tell you what looks good on a menu and what may be nice to sample.
5. Make Trades from Mobile Devices Too
Most of the online trading terminals/platforms have apps you can use to check your stocks, purchase more stocks, and make trades from your mobile devices. This means that you do not have to be right in front of a desktop computer to make your trades. A phone, tablet, or even a laptop computer will suffice. You could even conduct your investment business on a train, bus, subway, or in an airport too.