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Trading on Online Platforms

The size of the global market and its complexity would be impossible to navigate without modern technology. With the internet, it has become quite easy to access the global marketplace and thousands of assets with a handheld device. Online trading platforms are what make this possible.

In finance, an electronic trading platform also known as an online trading platform is a computer software program that can be used to place orders for financial products over a network with a financial intermediary or broker. Products you can trade include:

·     Stocks

·     Bonds

·     Currencies

·     Commodities

·     Derivatives and more

Trading platforms allow electronic trading to be carried out by you from any location and are in contrast to traditional floor trading using open outcry and telephone-based trading. They stream live market prices on which you can trade and may provide additional trading tools, such as charting packages, news feeds and account management functions.

Some platforms have been specifically designed to allow you to gain access to financial markets that could formerly only be accessed by specialist trading firms. They may also be designed to automatically trade specific strategies based on technical analysis or scripts, but more on that in the following chapters.

In short, online trading platforms give you the possibility to speculate on the changes in price for a profit. And this is awesome.

So Let’s start...