| Many people are now engaged in the online buying | | | | including: up to the minute stock quotes, detailed |
| and selling of stocks. Historically there have been | | | | historic performances of individual stocks, as well |
| American stock markets from the 1700s. In | | | | as detailed information about company |
| Philadelphia an exchange for trading currency was | | | | fundamentals. |
| established to enable business owners to support | | | | One of the most common reasons investors like |
| their business and to grow the economy. | | | | buying and selling stocks online compared with |
| The Philadelphia exchange was superseded in the | | | | traditional brokerage is price. There are much |
| early 1800s by the New York Stock Exchange | | | | lower brokerage fees for buying and selling stocks |
| (NYSE). Initially New York Stock Exchange was | | | | online than there are through buying and selling |
| businessmen who met daily on Wall St to trade | | | | stocks at a traditional brokerage house.An |
| their stocks or bonds. This initial trading was all | | | | important advantage of using an online brokerage |
| done outside until the Exchange moved indoors in | | | | service to trade stocks online is the significant |
| the early 1900s. Whilst this traditional formuala | | | | price saving in brokerage fees. This is combined |
| served its purpose admirably, trading is no longer | | | | with the immediacy at which you can gather |
| the bricks and mortar industry it once was. | | | | information required in making your stock |
| Trading no longer requires you to be in Wall St. | | | | purchasing decisions when trading online. Many |
| The way the New York Stock Exchange works | | | | investors also like the independence associated |
| could be compared to an auction. If a company is | | | | with buying and selling stocks online. Many |
| listed on the stock exchange, they have a post in | | | | traditional brokerage houses would try to influence |
| Wall St whereby trades are listed and a specialist | | | | your decisions when buying and selling stocks, but |
| is employed as an "auctioneer" to oversee the | | | | an online account means all the decisions you |
| bidding on each trade. The balance between | | | | make are fully your own. |
| supply and demand is maintained with this type of | | | | As mentioned earlier, online brokerage sites are |
| trading and serves to keep the price of shares in | | | | not just about buying and selling stocks online. By |
| check. | | | | giving you access to a wealth of information, |
| These days, it is far simpler to get involved in | | | | online trading sites provide an important resource |
| trading stocks. In traditional stock trading, you | | | | in formulating trading decisions. Many online |
| engage a stock broker to take and place your | | | | brokerage sites will also provide courses designed |
| order for you. You phone your broker to take | | | | to help you learn the tips and tricks of buying and |
| the order and then there can be a delay in the | | | | selling online. Instead of having to find all your |
| order being executed. Now you no longer need to | | | | stock certificates or calling your brokerage house |
| worry about engaging a stock broker to act on | | | | ou can also get immediate access to your |
| your behalf. When using the internet to trade you | | | | portfolio. |
| can place your order with the click of a mouse. | | | | In our globalised and interconnected society and |
| This is also an excellent time saver. | | | | economy, the reason that the economy has |
| There are many reputable brokerage companies | | | | continued to grow is its ability to keep pace with |
| through which you can set up an account to | | | | increases in technology. The ability to buy and sell |
| participate in buying and selling stocks online. | | | | stocks online becomes a reflection of the |
| These online companies provide you instantaneous | | | | economy adapting to meet the abilities of new |
| access to a range of services that were | | | | technology head on. Investors logging in to their |
| previously only available through engaging a | | | | portfolio from anywhere in the world to trade |
| traditional stockbroker. Setting up an online | | | | stocks online gives them the opportunity to take |
| account gives you access to a variety of services | | | | a greater role in securing their own financial future. |