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The market is also heavily saturated with analysis software to help you make better trades and investments. These programs include price charts that you can customize to test variables and possible growth scenarios. Often, you can set up automation and purchase shares directly through the software. Technology has opened trading up to the average person and made it more accessible and easier than ever. Subscribe to Actionable Advice and Trade Like a Pro The internet has had a dramatic effect on the world. Subjects that were complicated and inaccessible to the average Joe are now littered across the web for anyone to read, digest and use. Trading and investments are made easy through access to tutorials, advice and instant data. You can even have financial advisors send out weekly trading advice emails right to your inbox. For example, this article on Tradingsim teaches the novice buyer to monitor trading only during the first and last hours. They lay out in plain terms why the first 5 minutes of the trading day set the stage for the remainder. It goes on to explain how trending works in stocks and why. The article gets very detailed, and anyone wanting to learn how to jump into day trading would benefit greatly from reading it. In the good old days, we all had these Encyclopedia Britannica in our homes for when we needed to learn about something new. Thanks to the humble beginnings of ARPANET, and the idea of shared information, we now have access to trillions of pieces of information at our fingertips. Complex topics like day trading and investment advice are only a click away. Access to actionable advice opens up the door to a new generation of investors. Leveling the Playing Field Through Competition Access to technology not only informs a beginner about trading, it also gives the veteran investor an advantage by shopping around for the best brokerage firm with the lowest transaction fees. In effect, technology has leveled the playing field and created more diversity in the offerings and forced brokers to be more competitive. Firms that have kept their finger on the pulse of technology offer clients a customized app to monitor their holdings and make trades on the fly. The world moves quickly, and technology gives both investors and firms the ammunition to react swiftly and efficiently to radical changes in the market. The technological push that created more competition and lowered fees is good for everyone. It has helped infuse the market with alternative players that would never before have been able to invest. Apps and Machine Learning Unlike the past when investing was only available to the wealthy, r |
