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Three Ways Tech Is Leveling The Playing Field Of Investing

– Contributed content –

15 January 2018. If your idea of people that invest in the stock market is all cigars, pinstripe shirts and suspenders, you need to think again. The reason is new tech in this field means it’s no longer the domain of the filthy rich or the traditionally blue-overalled bear pit occupant. In fact, this new tech means that we can all play the market if we so choose from the comfort of our own home. Read on to find out why.

Reducing fees

Probably the biggest change in the business of stock trading is the emergence of the trading app. This is an application that can be downloaded onto your smartphone that allows you to buy and sell stocks instantly from wherever you are as long as the relevant market is open.

This is so important for a number of reasons. The first is that these apps are available to anyone that has a smartphone. Something that allows people to make their own decisions about where to invest.It also removes the need for traditional portfolio advisers and their charges, making stock trading much less elitist. In addition, many of the firms that run the apps do so for free or with minimal fees.

This is a major development in the world of investing because by using the best online brokers you can save massive amounts of money when you buy, sell, and cash in your investments. Something that once again makes the whole market much easier for people of all different financial backgrounds to be involved in.

Economy graphic

(Gerd Altmann, Pixabay)

Teaching us how

Another vital way that tech is helping to level the playing field of the stock market is the sheer volume of advice and tutorials on how the system works that are out there. This is so useful because you don’t even have to purchase a book to tell you how to buy and sell shares and how the system works, as you can easily find this information all over the internet.

Of course, there is a significant difference between information that tells you how to perform the action of investing, and that that tells what to invest in. That means it’s vital that you educated yourself regarding the scams that are out there, and don’t work off ‘hot tip’ advice when buying and selling stock. The reason being that you would be leaving yourself open to pump and dumps and other scams and could lose significant amounts of money.

Bar chart graphic

(Deedster, Pixabay)

Providing better information

Last, of all, the new developments in tech are helping to make the investment market more egalitarian because of all the information about investments prospects that is now available. This, as mentioned above is not regarding ‘hot tips’, but instead about the background, you can get on the companies online.

There is also the amazing and affordable software out there that visualizes the market. This can and can be set to run certain algorithms that are inline with your investments approach. Something that can help you maximize your gains and avoid losing out when the market takes a downturn.

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