The one thing you need when you’re solo trading
Taking control of your own stocks and shares can be a stressful business and one that shouldn’t be taken lightly. This means you’ll need to source an online broker. Here a few things you should consider when finding one.
Speedy access to simple charting
Charts and graphs for trading stock are worth their weight in gold. They tell you the exact positions of the stock so you don’t have to trade minute to minute. Instead, you should use a software to view simple charts or graphs displaying the value of your stocks over a set period of time.
This allows you to compare with relative ease the current price to what your investment was worth a week, month, year, etc. ago.
A clean dashboard
When you’re trading, you need to find your order entry ticket, quickly.
This means you need an interface that isn’t overly cluttered. In just a glance you should be able to view your current balance, available cash, and positions in real-time.
You can hardly expect to build wealth when you have to waste your money on brokerage fees. This is why it’s imperative you seek an online broker that charges relatively low costs for account management and trades.