Question
In: Finance
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.
Solutions
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.
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