The term “trading”
actually means exchanging one product or item for another. It's known that in
the financial market, when an item is bought for a certain price and that same
item is sold at another price, either for profit purpose, then such interaction
is termed as trading.
Actually, you can say trading
is a means of investing, because once you purchase an item for a lower price
and trade it for profit purpose, then the term investment can be used.
In a trading platform, the
two main parties that are considered is the “brokers” and the “investors”. The brokers are those who sells there item worth thousands for
hundreds, that is, they are always at lost, but the investors gets the items
from them at cheaper rate and sells at a better price. Imagine a broker selling
an item worth $800 for just $350, and the lucky investor gets the item at that
price and sells at $600. Its a huge gain.
Nowadays, trading is commonly
done online, in other words, the “Online trading business”.
Its a business, by which the individual investors and traders prefare to trade
online. Hope you've been able to understand the term “trading”.
Without much say, I would
quickly move into a brief review about the 10 Best Trading Platform for beginners.
Before joining any trading
platform, there are some key factors to be considered, in other to know which
of the trading platform that best serves you right.
Some of the factors are:
§ Knowing the cost per trade of that platform. This is a
very important factor to be considered, because in a good trading platform,
there should be a high priority for the investors.
§ You should also consider the service fee. And this fee
is being charged, whether you are actively or in actively trading.
§ Another great factor you should consider in a good
trading platform is fast execution, that is, all orders should be filled fast.
§ Another booming factor to be considered is promotion.
Of course it's a very good way to engage traders. For instance, trade free for
30days and get up to $300.
§ Account minimums is another factor you should
consider, because there are some certain amount your account falls at which
such market won't be activated
§ Other factors you should consider is the type of
investment made in such trading platform and also make sure that the trading
platform is ease to use with a good user interface.
With the above factors and
many other non-mentioned factors, we used them to review the 10 best trading
platform for beginners.
- TD Ameritrade: This is a very popular trading platform and its
rated as the number one online broker overall in the 2014 review. This
platform is said to provide a very wide range of researches and trading
tools in which investors finds very useful. There account minimum is very appealing
with even $0 and there promotional offers worth up to $600 + free trading
for 90 days.
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