online trading?

[Suzy 10]

I am not sure if this is the right place for this or not, if not, I am sorry, please feel free to move to right section..

 

Anyway, is trading online safe? Does anyone use it and can they recommend the best sites for this? I have been reading alot of online trading to make life easier and such, but are their risks? More risks being online then doing it offline? Any help would be great, Thanks.

[Soultrader 12]

Hello Suzy,

 

With the edge you can gain in direct access trading, trading online should be considered standard. Unless you are looking to lease or buy a seat on the exchange and become a floor trader, online trading should be the only way to trade.

 

Of course, if you are looking for investing and not trading a traditional phone call to the broker would do just fine. The only risk involved in online trading is if you do not understand the mechanics of your platform and the different types of orders available. It is also important to have a backup internet connection or perhaps a stop in place.

 

The advantage floor traders had back in the days is now minimized as online traders are now filled instantly and you can easily obtain pit noise for a fee. If it wasnt for online trading, I would be jobless. If it wasnt for technology and the internet I would be penniless. Technology is my life.