What is online trading? Buying and selling shares in the stock market has changed tremendously over the years. Before, it was all about the chaotic offices of brokers and the traders making phone calls to know the status of the shares they had invested in. But after the advent of trading applications and systems the traditional practice is replaced which has made trading pretty much easy. Basically online trading is all about having a good internet connection and an installed trading system or a trading platform. In this practice one would still need a broker but he is not the main entity that is handling your buying and selling procedure, he actually provides you the best trading platform or software to make an account and then you can directly place orders to buy or sell your shares. Here too, there is a brokerage house between all this buying and selling procedure that connects the two parties and the deal is closed. But all this procedure is not as time consuming as it used to be and the traders have full control over their business.
Importance of online trading in Pakistan:
Ø With the rising economy of Pakistan there was an influx in the Pakistan stock Exchange online trading, since it is more convenient than before so more and more people are interested in investing and making money through online trading.
Ø Online trading got the limelight in Pakistan when people found out that it provides more control over the business to the trader and there is nearly zero third party influence which used to cause miscommunication or delays leading to loss for the traders.
Ø In the past, traders were hesitant to invest in the stock market in Pakistan due to the delays in the transactions and other payment related issues while in online trading, the best trading apps in Pakistan have made transactions much faster and securer than before.
Ø The middleman fees have not only reduced, in fact the brokerage houses in Pakistan are now getting more traders as their potential clients than ever before due to which they earn more; though, apparently, they do not charge much.Ø Online investment in Pakistan is one of most practiced means of earning among individuals with a great command over the Pakistan stock exchange’s ever fluctuating market and such individuals are given priority, when they apply for jobs, over the others with less experience in predicting market behavior.
