Available Stock Trading Platforms and Their Differences
Before the internet came into popular use (anyone remember those days?) investors placed their trade orders by calling their stock broker on the phone, and possibly leaving a message relating the desired buy and sell order. Those instructions may or may not have been completed the same day, and whether or not they were executed precisely as the investor intended could also be questionable. Buying and selling a stock in the same day was far from typical, and executing instructions in minutes would have been totally out of the question.
Enter the world of online stock brokers that opened the world of investments to day trading – buying and selling a stock in hours or even minutes as a regular activity. Performance is only limited today by:
- Capabilities offered by your online broker
- Regulatory jurisdictions/legislation in your particular region or country
- Platform available to the day trader
Platform is basically the technology utilized for monitoring markets, performing analytical review of trends, charting historical movement, and most importantly placing buy and sell orders. Today available platforms include:
- Laptop and desktop computers
- Mobile technology including Windows, iOS, and Android tablet and smartphone devices
- Combinations of computers and mobile devices
Most day traders have adopted a combination of devices to maximize use of sophisticated charting and analytical software on desktop/laptop computers while keeping a close eye on holdings and volatility when on the move with mobile devices.
What are the Advantages of Trading Platforms?
Day traders by definition require frequent updates on market trends, breaking news that may impact their existing or potential assets and quick access to place buy and sell orders. Desktop and laptop computers offer the most power for analysis with sophisticated charting and monitoring tools. Mobility certainly has its advantages by providing constant availability to buy and sell, and to track price alerts with their online broker software.
Platform options vary considerably from one online stock broker to another, with some brokers offering only the basic options of buying and selling, where others provide full sets of features to monitor market activity, place off-hours trades, and make charting or analytical software available.
Support is another consideration when evaluating the platform that is most effective for your trading activity. Online broker software may be significantly different among brokers making support that is available when needed important to traders. If you’re having technical issues or just need assistance in placing your order delays in getting support can mean a missed opportunity.
Trading Platforms for Day Traders
Day traders will benefit from full-featured online brokers who make effective tools available to clients such as stock tickers and real-time news feeds. A combination of platforms that combines desktop power with mobility is ideal for today’s successful day trader.
SureTrader is a leading online broker with the tools you need to stay up-to-date on news and trends that impact your buy and sell decisions. Understanding market charts and news feeds can help you develop and hone your own trading strategy. SureTrader provides friendly and courteous support available to our clients on a 24×7 basis to answer any questions and resolve problems.
SureTrader’s desktop and mobile applications ensure timely and flexible access to SureTrader services – iOS and Android platforms are each supported. Global access to services enables quick and easy trades even in after-hours trading.
Contact SureTrader right away to get started doing online trading with the best in online brokers.
Disclaimer: SureTrader Blog is not intended for U.S. persons. Stock information is not to be viewed as buy or sell recommendations.