Answers to 6 Common Questions About Online Trading
As online trading platforms grow and expand access to investing, many people are turning to online services for their investing needs. These platforms allow users to enter buy or sell orders on a mobile device or computer rather than speaking directly with a representative at a brokerage firm. While this might sound straightforward, common misconceptions persist.
If you're considering online trading, make sure you research the firm and understand the process before you invest. Here are answers to some common questions to get you started.
Even if you're not receiving advice or speaking directly with an investment professional, all trades made by individual investors need to go through a registered brokerage firm. At some firms, you can enter orders online through the firm's app or website. After an order is routed and executed by a brokerage firm, you'll receive a confirmation listing the details of the order, including the order type and the execution price and date. If applicable, a commission and other transaction fees will also be shown on the confirmation total.
Source Fool.com
