Explain why online trading has become so big. Tell both why there are advantages and disadvantages...

Explain why online trading has become so big. Tell both why there are advantages and disadvantages to it.

Expert Solution

Online trading is a trading in a digital market, people are advanced to buy and sell in the online market that brings the idea of online trading, in this economy online market plays a vital role

The main advantages of online trade are as follows

Removal of unwanted brokerage fees

The normal trade may bring many brokerage charges compared to the online trade

More flexibility

Owners and customers have more flexible approach to the online market and save time

Low fees

Much fees are reduced compared to the old trading pattern

Online tool access

Wide access to so many platform at a time bring a favourable access to market

Disadvantages is as follows

Additive in nature

Online trading can bring people a mind of addiction in the market

No personal relationship

Personal relationships are very less in online trading

Error making

People can have a chance of making errors while dealing with the digital world

High investment

Investment amount is much more compared to the other market.

jeff jeffy answered 2 years ago

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Explain why online trading has become so big. Tell both why there are advantages and disadvantages...

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