Choosing between these two types of trading practices is essentially like choosing between the traditional and the modern. Offline trading has been done in India and the world even before online trading was invented. In fact, it was the only type of trading back then. However, with the advent of the internet, things changed. Seeing that the internet can be put to great business uses, online practices came into vogue, presenting an alternative to offline trading.
Soon the trading system was divided into these two categories. So much so, that nowadays almost everyone is following the middle path and engaging in some or other form of online business along with the conventional offline trading. There are of course tech savvy enthusiastic traders who carry on the entire trading online. Also, of course, there are people who still religiously believe in engaging only in the traditional form of trading, i.e. offline trading. Whether you choose to stay in any of the extremes, or follow the middle path, presented here are the basic parameters of both types of trading. This info would be useful if you are considering trading as career.
What are the different aspects of online transactions?
The different aspects of online trading are,
Some trading are only carried out online like the latest in trading scenario, the algorithmic trading
Some trading like commodity trading is primarily carried out online, but there are offline aspects as well
The online business gives the traders the freedom of carrying out the business from anywhere, even on the move, thus saving a lot of time from the busy schedule
It can also be done through mobile devices with internet connectivity
The trader has to open a demat account with his/her broker. The trading is limited to only the amount in this trading account.
The real time business in the online format is highly exciting
The cost of brokerage is generally less than offline trading
Almost everyone who is new to trading as career is trained in online business rather than the offline version
What are the different aspects of an offline trading system?
The various aspects of an offline trading practice are mentioned below.
Trader cannot view the real time quotes
Personally visit or call the brokerage firm to carry the trade
Flexible trading limits
Higher brokerage expenditure
Fund transfer via cheque
The trade is confirmed via telephone
Apprehension among traders about the security of carrying out online transactions
India based Sahajmoney has a proven track record in assisting the Indian traders for Online Trading for Trading Commodity, Intraday Trading, Forex Trading in India etc.