Stock market trading has seen dramatic technological changes over the years.
The latest trend in the stock market is app-based trading, which extends unmatched comfort and convenience while trading to people.
From the earlier tradition of visiting the stock exchanges and shouting out the buy and sell orders to using online trading platforms for trading in the market, the stock market has constantly been making the life of investors easier.
Now you can open Demat Account at a click of a button and for zero account opening charges with some leading brokers.
App-based trading has given a significant boost to retail and institutional investors in the stock market due to increased accessibility to the markets.
The extension of mobile applications into personal finance has encouraged people from different walks of life to try their hands in the stock market.
Trading applications have taken away the need to be in constant touch with a broker and have made individual investors more independent.
As more and more people are shifting to internet-enabled smartphones from the earlier models, almost everyone has become a potential stock market trader.
It is sometimes said that app-based trading in the stock market gives limited options to investors, but this is not true. Trading apps have eased the trading process for investors in multiple ways.
How App-Based Market Trading benefits Investors
Here is how trading applications make stock market trading a pleasant experience for investors.
- App-based trading is much more cost-effective than hiring the services of a stockbroker. The consultation charges and commission charged by stock brokers in the conventional trading model are much higher than the fee one has to pay to avail of the services of a Robo adviser.
- A significant advantage of mobile trading apps is availability. Before the use of mobile applications, an investor had to be at home in front of his computer to trade in the stock market. Due to this, investors would often lose crucial and profitable trading opportunities on several occasions.
- With app-based trading, an investor can download a reliable trading application on his smartphone and carry it along anywhere. It saves him from missing out on trading analysis and opportunities. Investors can also close a position at the right time from anywhere in the world and save themselves from probable losses.
- Mobile trading applications have relatively simple features than computer-based trading. It can be advantageous for new traders as the mobile trading platform is simplified and easier to get started.
- Some automatic mobile investment tools invest automatically for an investor in safe investing options. Even though these options do not make an investor quickly rich, they are a safe investing tool that also saves time and effort.
- Several mobile trading apps show all the investments of an individual on a single page. An investor can track the performance of each of his investments by having a look at a single page and even buying and selling shares at his convenience. The apps also allow an investor to evaluate his profit or loss, making it even more advantageous.
- The brokerage offering the mobile trading app offers several well-researched portfolio suggestions to investors. These suggestions limit the need for human interaction with the brokers and make trading convenient and quicker.
- App-based trading not only fastens the buy and sell processes but also cuts short the time required to make payments and do collections. There are multiple online payment methods on these apps that allow instant transfer of funds between accounts.
- Mobile trading applications give greater control to investors over their trading calls. They can conduct their market research and take instant buy and sell calls whenever they find suitable.
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Take Away
Stock market apps offered by leading brokerages offer a self-learning trajectory to investors.
These apps give a lot of confidence to the investors and take away the need for constant spoon-feeding from brokers.
The apps are a great platform for new investors and also give you the freedom to keep complete control over your trading activities from anywhere in the world.
Investors can get live updates from BSE and NSE on mobile apps from leading stock brokers.
These apps also give in-depth crucial market information like top gainers and losers in a day to help you make maximum profit from the market.
