Showing posts with label trading. Show all posts
Showing posts with label trading. Show all posts

10 Precautions and Safety Measures Towards Online Trading

Online trading is a cool business practice that most investors are dependent on. Most times individuals complain of loses investing on the internet trading and other individuals are making millions of profit from online trading.
On our previous tutorial on the tag Trading, I made a brief review about the 10 Best Online Trading Platform for beginners, and I know that most of you that have read about it are already in some of those trading communities. Most of you might be at lost, others at big gain, but there are some precautions and safety tips you should ensure, to be a successful online trade. Today's stroll, I would brief you guys with the 10 major precautions and safety measures taken, to be a successful Online trader.

  1. Every brokers provides a password for an investor during online trading, so a wise investor should always change the default password provided by the broker before making any order.
  2. Always make sure that as investor, you maintain your privacy and make sure that the password being given to you by the broker isn't shared with others. Try changing your password at a periodic interval to be on the safer side.
  3. In every internet trading business, either a software or chart is required. So a successful online trader should have sufficient knowledge on the software is being used to start the trading.
  4. Every online investors in the trading community should ensure he check for confirmation immediately after placing an order.
  5. Every wise online investor in the trading business should also ensure that he or she have successfully log out after the trade, to avoid misuse of her account informations.

10 Best Online Trading Platform for Beginners

The term trading actually means exchanging one product or item for another. It's known that in the financial market, when an item is bought for a certain price and that same item is sold at another price, either for profit purpose, then such interaction is termed as trading.
Actually, you can say trading is a means of investing, because once you purchase an item for a lower price and trade it for profit purpose, then the term investment can be used.

In a trading platform, the two main parties that are considered is the brokers and the investors. The brokers are those who sells there item worth thousands for hundreds, that is, they are always at lost, but the investors gets the items from them at cheaper rate and sells at a better price. Imagine a broker selling an item worth $800 for just $350, and the lucky investor gets the item at that price and sells at $600. Its a huge gain.

Nowadays, trading is commonly done online, in other words, the Online trading business. Its a business, by which the individual investors and traders prefare to trade online. Hope you've been able to understand the term trading.

Without much say, I would quickly move into a brief review about the 10 Best Trading Platform for beginners.

Before joining any trading platform, there are some key factors to be considered, in other to know which of the trading platform that best serves you right.
Some of the factors are:
§  Knowing the cost per trade of that platform. This is a very important factor to be considered, because in a good trading platform, there should be a high priority for the investors.
§  You should also consider the service fee. And this fee is being charged, whether you are actively or in actively trading.
§  Another great factor you should consider in a good trading platform is fast execution, that is, all orders should be filled fast.
§  Another booming factor to be considered is promotion. Of course it's a very good way to engage traders. For instance, trade free for 30days and get up to $300.
§  Account minimums is another factor you should consider, because there are some certain amount your account falls at which such market won't be activated
§  Other factors you should consider is the type of investment made in such trading platform and also make sure that the trading platform is ease to use with a good user interface.

With the above factors and many other non-mentioned factors, we used them to review the 10 best trading platform for beginners.

  • TD Ameritrade: This is a very popular trading platform and its rated as the number one online broker overall in the 2014 review. This platform is said to provide a very wide range of researches and trading tools in which investors finds very useful. There account minimum is very appealing with even $0 and there promotional offers worth up to $600 + free trading for 90 days.