Offline or Online Stock Market Trading?

offline-stock-market

In stock market investing, my friends have been asking me the same question: which is better, offline or online trading? There is no better answer. Since we have different preferences, it is better to assess the pros and cons of offline and online stock market trading.

Whether you are investing or trading in the stock market, brokers usually offer both online and offline. While banks on the other hand mostly are offline trading. However, here’s a snapshot of comparisons that might be useful in the decision process.

In terms of convenience and investment capital, online trading is more favorable. You can access your account anytime and anywhere. You can even trade (buy or sell) anytime you want for as long as the market is active. This is what I like with online trading. If you want to have a broker to do all the work, offline trading is perfect for you.

In offline trading, your broker calls you for recent updates and stock market news. They would even guide you on the best time to long or short your stocks. This is typical for high profile investors who are having a more crucial work so they don't have the time to manage their stock market portfolio. In a great sense, these brokers could help reduce risks on your stock market investments.

Personally, I strongly recommend COLFinancial. Here's how to open a COLFinancial account. I would like to reiterate that I am not an associate or affiliate of this company.

I strongly believe on their system and I never experienced any lags and site errors. Better yet, anyone can open an account. Yes, even foreigners can do so. I've been using their platform for 8 months now and I have a great experience.

There are many offline and online stock market brokers in the country today. You may choose them according to the criteria given above.

Most of all, make sure it's legitimate one. It's hard to invest your hard-earned money in an investment firm you know nothing about. Scams are rampant these days so always be safe.


Conclusion

Several years ago, stock market investing is only accessible to elite investors. Now, anyone can start investing for as low as Php 5,000. And you don't need to be Warren Buffett to get started in stock market. It is time for us to take advantage of this opportunity. In investing, as they say, the best time to invest was 10 years ago. The second best time is now.

So, offline or online stock market investing? You choose.

No comments:

Powered by Blogger.