There is no doubting that the internet changed humanity and its development for good. It has reshaped almost every kind of human interest, activity, and industry. It has also augmented and redefined how we trade.
Trading platforms that run online such as Weiss Finance were one of many newfound mediums for trading that arose with the advent of online trading. You can easily create an account with such an online trading platform, and begin trading, all in the same day.
One of the most beneficial boosts that online trading has brought the everyday trader is the unrestrained access to information and data.
Previously, before the internet reached a stage where anyone could perform such advanced levels of research, individual traders would have to go to public services such as libraries in order to find out the vital information they needed from financial literature.
The information that they needed on things like companies, bonds, mutual funds, and securities would have to be comparatively cumbersomely searched for by pouring through large books, documents, and files.
The alternative was calling up the appropriate company affiliated with your market sector and request the relevant financial reports you needed access too. Such a service and its provisions were often quite expensive to carry out, not to mention how long they could take delivering such files to you.
You would need to wait for the file to then be printed and mailed to you, something which could take far longer than you actually had time for regarding movements on the market and the related information you needed.
The Implementation of Speed and Convenience
Now that we have the internet running at a fantastic and highly accessible level, we can now simply visit the Securities and Exchange Commission or SEC website in order to gain an online company report.
You can now locate thorough financial documents that you need to clear up whatever discrepancy or issue you have regarding your trading efforts in minutes, and download the file in seconds.
You obviously always want to ensure that you have the right keywords or topics in mind when you search for a particular document, as there will be reams of PDFs and other documents. You can also locate annual reports and other comprehensive yearly statements which would have been primarily created for a company’s top investors, now made public for the rest of the interested investors and potential investors.
There are also countless websites out there that are completely dedicated to the publishing of guiding and helpful information for traders and investors, and you will generally be able to find help pages related to your issues in no time.
Then there are the public forums, within which leading online traders will happily respond to your publicly posted queries, and you may find that your topic becomes a hub for highly useful suggestions and advice.
A More Affordable Service
The internet did not just make trading far more convenient and accessible, it also made it far more affordable. Investors are now being presented with the lowest trading fees imaginable. You can find online brokers today that will offer charges relating to stock trades as low as ten dollars.
This fragmentation of the brokerage platform has resulted in the ending of the monopoly on trading by traditional full-service brokers who were able to charge very high fees to anyone that wanted to begin trading.
A Transparent Market
With all of the power that the average trader now holds through the internet, the market has now become a very transparent realm. People can now access so much information regarding any event or movement in the market, that it is hide to keep anything clandestine these days.
How people interpret such information, however, is often subjective – as are many aspects of the market. While people may now have unlimited informational capabilities, they still need to approach the data being accessed with the right level of rationality and calmness.
It can be very easy to find yourself being over-zealous when you feel that you know exactly what is going on in the market due to how much information is at your fingertips. Trading still needs to be performed with the appropriate level of maturity and cool-headedness.
Has the Internet changed trading for you? I bet it has!
This article is a repost of the article from http://www.thefrugalfarmer.net/how-the-internet-changed-investing-forever/
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.