3 Reasons To Trade Stocks Online Vs. With A Stockbroker

Posted on: 2 September 2017

When you think about buying and selling stocks, you might think about working with a local stockbroker. However, online trading terminals are becoming increasingly popular and might be a good option for you. These are a few reasons why trading online can be a better choice:

1. Avoid the Pressure

First of all, when you work with a broker, you have to worry about him or her pressuring you into trades that you don't really want to do. Even though some people feel more comfortable in this situation since they are getting professional advice, others prefer to do their own research and make their own trading decisions. If you'd like to avoid the pressure and focus on making your own stock trading decisions, trading online might be the better choice for you.

2. Save Money on Commissions

Even though you do often have to pay commissions of some sort to the online platform that you choose to use, you often do not have to pay nearly as much as you would pay if you were to work with a stockbroker. Since you might be interested in stock trading as a way to make money, you probably want to minimize your own costs as much as you possibly can. Doing your research and finding the most affordable online trading platform that you can find can help you save money on the commissions that you would otherwise have to pay.

3. Trade Stocks When You Want To

Having to meet with a broker during a time that is convenient for him or her can be a pain. The good thing about trading stocks online is the fact that you can do it at home at your own convenience. If you have a busy morning planned, you can just trade stocks later in the afternoon. If you find yourself up late and unable to sleep well, you can trade stocks then. It's a good way to make money on your own terms when it's most convenient for you. This allows you to do it without it getting in the way of your traditional job, or you could find that it's a good way to make money while you stay at home with your family.

Even though it's true that working with a stock broker can be a good thing in some situations, many people find that online trading is a much better option for them. Once you try it, you might find that you like it as well for these three reasons and more.