GOOD
1. Buying and selling is easier because you don't have to call anyone or go to your broker's office for trading. Just sit at your home, log on to the website and trade with the click of a button.
2. You can place limit orders. If you do not have time to monitor markets then you can place a buy and sell order of any no. of shares at your desired price. Once the stock price reaches your desired price then automatically shares will be bought for you. Later on if the stock price reaches your desired price again the shares will be sold automatically. When you check your account after an hour you will see the profits or loss.
3. Dividends are directly deposited in your trading account.
4. All transaction statements ( present and past ) can be seen with the click of a button.
5. Various trading softwares / tools are available which help in taking better decisions.
BAD
1. Everything depends on one click. If you click at the wrong place then result may be completely opposite.
2. Internet security is a great concern. Your computer could be hacked. If somehow your login id and password reaches wrong hands then consequences can be fatal.
3. Due to technical reason you may have to bear losses without any mistake of yours. However, chances of such technical faults are rare.
4. Slow computer speed may cause trouble in buying stocks at desired prices.
5. Stock market is very volatile. The stock prices change every second. Due to this placing an order can sometimes be very difficult. You may place an order at a price and later on cancel it after watching a different price.
1. Buying and selling is easier because you don't have to call anyone or go to your broker's office for trading. Just sit at your home, log on to the website and trade with the click of a button.
2. You can place limit orders. If you do not have time to monitor markets then you can place a buy and sell order of any no. of shares at your desired price. Once the stock price reaches your desired price then automatically shares will be bought for you. Later on if the stock price reaches your desired price again the shares will be sold automatically. When you check your account after an hour you will see the profits or loss.
3. Dividends are directly deposited in your trading account.
4. All transaction statements ( present and past ) can be seen with the click of a button.
5. Various trading softwares / tools are available which help in taking better decisions.
BAD
1. Everything depends on one click. If you click at the wrong place then result may be completely opposite.
2. Internet security is a great concern. Your computer could be hacked. If somehow your login id and password reaches wrong hands then consequences can be fatal.
3. Due to technical reason you may have to bear losses without any mistake of yours. However, chances of such technical faults are rare.
4. Slow computer speed may cause trouble in buying stocks at desired prices.
5. Stock market is very volatile. The stock prices change every second. Due to this placing an order can sometimes be very difficult. You may place an order at a price and later on cancel it after watching a different price.
No comments:
Post a Comment