There was once a point of time when the only way to trade in the stock market was to use a broker. This was something that only the more privileged members of society could do and each of them had a broker, in order to do their bidding.
These brokers made it a point to keep track of the market conditions they would then take orders for the stocks and suggest the best time to make trades. The entire process was very long and by the time the actual purchase was made, there were chances that there would be a change in the price of the stock.
However, this is no longer a problem. Today, brokers have harnessed the power of the internet to enable people to trade in a quick and convenient manner. There are a number of portals through which, you can monitor the stock market and keep track of the fluctuations.
These portals allow you to keep track of the share market live and to make quick purchases when the price is just right. The first thing you have to do to avail of these services is to set up a DMAT account. All trades can be made through this account, hence it is extremely important.
Next, you must find a portal through which, the share trading can be carried out. There are a number of portals for you to choose from and you must pick one according to the speed at which you would like to trade and the services you would like to avail off. After the selection process, you must create a profile and pay the certain basic amount.
You can thus go about your trading, without too many problems. There are a number of advantages that come with trading online. For one it is more cost effective in comparison to making purchases through a broker. Sure it is true that brokers have a good knowledge of the market and their advice can be very useful. However, this advice comes at a cost.
Brokers charge for their services and this could add up to a significant amount. On the other hand, while buying and selling stocks online you can use your own discretion, to make purchases. Thus, the only fees you have to pay are for the use of the portal.
Another benefit worth mentioning is that there is a very small delay, while purchasing shares online. Real time trading can be very beneficial, as it enables quick purchases, allowing traders to make the most of fluctuations in the market.
There is also a sense of flexibility, as the trader can make as many or as few trades as he likes, with no upper of lower limit. In this manner online trading can be extremely beneficial and can pave the way for high earnings through investments.