Technology has impacted every aspect of human life, from health to entertainment.
Naturally, technology has also played a big part in making trading better—a craft that has been around for decades.
Trading used to only be popular with businesspeople around the world. In the age of technology, though, this has all changed. Now, almost everyone owns a smartphone or computer, which has enabled trading to reach new heights of popularity. With minimal fuss, normal people get to trade from the comfort of their own homes (and make money in the process). In fact, many make a full-time living from trading. It’s very exciting and a sign of what the future holds for millions of others.
With that said, it’s time to take a closer look at the different ways technology has made trading better and more worthwhile.
Access to online exchanges and brokers
Firstly, the internet. Nowadays, thanks to fiber-optic broadband and 5G, the average person has access to lightning-fast internet. What this means is that they can easily log into their preferred online crypto exchanges and brokers and be trading within a matter of seconds.
Also, at any time, they can receive pop-up updates on their smartphones that keep them in the know regarding new market activities. It’s convenient and great for efficiency.
Currently, most day traders like to use websites and apps that give them price updates on stocks and cryptocurrencies. If you like trading cryptos, it’s a good idea to visit okx.com for Bitcoin stock prices. This way, you’ll never miss out on the market activity of Bitcoin, such as when it goes up or down in price.
“On-the-move” trading
Since the COVID-19 pandemic struck back in 2020, “on-the-move” trading has become a huge phenomenon.
In simple terms, on-the-move trading is when you trade whilst working remotely. For instance, through the power of your smartphone, you can trade whilst:
- Relaxing at home
- Sitting on the train
- Walking in public
- Getting an Uber ride
- Taking a break at the gym
Essentially, you can trade anytime, anywhere—and it’s all thanks to technology.
As mentioned earlier, all you need to trade on-the-move is an account with a reliable exchange or broker. Once you have one, you’re good to go.
Trading bots
Modern technology has also allowed the creation of trading bots.
Trading bots (software) are great for making your easier when it comes to trading.
With a trading bot, you can get them to execute trades at particular times of the day based on market activity. With some trading bots (typically, the more expensive ones) they will analyze the market and purchase stocks and cryptocurrencies whilst they’re at low prices. Then, when the stocks increase in price, the bots will automatically sell them for you. Pretty good, right?
Learning and education
Finally, technology has made it easy for people to learn about trading and quickly become educated.
These days, there’s no need for formal education. Instead, people of all ages and backgrounds can learn online through trading courses and digital books that then enable them to become experts. This is invaluable, as it’s allowed millions of people to start full-time trading careers!
