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Gone are the days of dealing with the stock trader on the floor during the Wall Street boom era . Today , trading is accessible to anyone with disposable income , young or old .
Putting this into context , it has recently been reported that millennials make up as much as 60 % of the 15 million online traders across the globe , a natural progression given that this is the first generation who grew up with digital technology at their fingertips .
Much has changed in the trading industry with the advent of technology . Technology has opened the market up to everyone and allowed them to reap the rewards that come with responsible and regulated trading , comprising what Mawji refers to as the 3 As : accessibility , accountability and affordability .
Technological advancements have allowed everyone the opportunity to trade from any location imaginable , provided that there is adequate Internet connection . As such , the digitisation of the industry was an important step forward to ensure that more people have access to trading tools – not just stock brokers on the trading floor .
Furthermore , in a digital world , clients can hold stock brokers accountable in terms of pricing , execution and services ; creating an environment where clients are confident to participate .
opportunity to understand clients so that we can provide them with the best solution possible .
When looking to partner with an online trading provider , traders should look for a company that not only embodies a client-centric ethos , but is also regulated and offers reasonable pricing and uses the most advanced trading technologies available . Additionally , traders should consider the providers ’ server reliability and execution speed .
Jay Mawji , Managing Director , INFINOX
Lastly , the digitisation of the industry has made trading more affordable , so instead of spending thousands of dollars to hire a stock broker , today all that is needed is a US $ 100 investment and access to the Internet .
By far some of the most significant technological innovations in online trading include tools associated with pricing , charting and order logs .
However , one which we have seen becoming evermore prevalent given the app generation that we live in is the concept of mobile trading , which allows one to purchase and trade shares anywhere and anytime from the convenience of their cellphone , laptop or tablet .
One which we have seen becoming ever-more prevalent given the app generation that we live in is the concept of mobile trading , which allows one to purchase and trade shares anywhere and anytime from the convenience of their cellphone , laptop or tablet .
This digital progression requires that regulators adjust policies to ensure that firms and their market solutions work to benefit the client and ensure consumer protection .
While this can at times slow down regulatory advancements , it allows trading partners the
In order to be a successful trader , you should educate yourself on trading best practises and pay attention to the trends and the associated risks .
While numerous resources such as tutorials , applications , guides and videos are readily available on the Internet , it is important to note that fast information
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