As a trader you may find several trading platforms in online and select your perfect trading platform is also very important. These tools in Online Trading Platform include charting capabilities, news services, market research as well as streaming prices. Basically, you need to know about two techniques before making your computer as a trading platform for trading tools as well as services. the first technique deals with the browser to order and to deliver information and the other technique include a stand-alone platform to interact with your account and your broker.
Browser-based Trading Platform:
If you are new to this platform then your beginning investment will be relatively small. The time frame for the beginning investor to hold the position will be weeks to months. Also probably you don’t make more intraday trades except for your exit because of stop price hitting.
Integrated Trading Platform:
The integrated trading platform will not depend upon the internet browser and so it is a great solution for active traders like swing traders and day traders. You just want to download the software and install on your computer. Then you can easily access your trading tools as well as broker account. To get more information, you can also read the HQBroker Online Trading Review.
Features Of Trading Tools:
The attractive features needed for trading tools are discussed in the following and you have look at these features while selecting trading platforms. The features are,
- Stock trading
- Support of option-trading strategies
- Access to NASDAQ level II
- It has to notify you via messages or email when any stock reaches your point price.
- Index futures and single stock
Analysis tools must include these following,
- News Feeds
- Third-party analysis as well as proprietary reports
- Reports of volume and time sales
- Capabilities in real-time charting
Always look for these features while selecting your trading platform.