Online trading – Traditionally, traders had to call the brokerage firm to make a trade on behalf of them. If they wanted to buy 50 shares, they need to call their broker and ask him to buy stocks of a particular company on their behalf. The broker would confirm the market price and place a buy order on behalf of the trader.
The order placed by the broker will receive by a system, which will deliver the order request to a particular stock exchange. If the order gets fulfilled, the investor will receive a trade confirmation via mail.
The development in technology has made trading more convenient; most of the traders are using the online trading platforms offered by their brokers to trade. The online trading platform serves as a place with multiple and useful tools for an investor or trader.