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Why millenials enjoy online trading?

Equity | August 11

With changing times, there have been drastic changes in the lifestyle of Indians too. Millenials are taking interest in online trading because it gives them the earning opportunities to lead a better lifestyle. Globalisation, government policies, formalization of trading procedures and other factors have contributed towards the introduction of online trading in the Indian markets.

Here are 5 reasons why online trading has grabbed the attention of millenials:

1.     Brokerage charges

Millenials try to multiply their earnings to fulfil their aspirations and live the moment. Millenials are open to acceptance of new ideas and services. Online trading service providers offer low brokerage charges to open a demat account. With low costs of entering the investment markets, they can dabble their hands in trading by investing as much as or as little as they want.

2.     Convenience

Earlier, middlemen were involved in trading activities. Managing physical share certificates meant going through a lot of paperwork. Sometimes, investors lost time, effort and even opportunities due to the entire trading process.

Millenials love service structures that are faster, easier and more convenient. These days, investors can manage their trading accounts and perform trading actions with ease through online trading. The online account gives them complete control to manage their trading account, get real-time updates and review their performance. SMS, email and online notifications keep them posted about valuable news and updates.

Brokerage firms empower the millenials with detailed analytics, gain/loss tracking of their securities in real-time with tools that can be accessed 24/7. The simplified user interface makes it easier for new users to understand the tools quickly and adds to an enriching user experience.

3.     Tech Savvy

Millenials are tech-savvy and look for online/offline tools, websites and apps to manage their life. From buying groceries online to managing bank accounts on their smartphones, they love to explore ways that minimise the effort to do a task.

Online trading platforms and apps are offered by leading equity firms and financial institutions to cater to these millennial needs. With a quick online demo and training content, they quickly find their way around the online trading tools and enjoy using them on the move.

Take a look at this app for trading by Tradebulls - https://www.youtube.com/watch?v=aJVKBGx4e6o

 

4.     Digital Learning

Be it eBooks, research papers or other literature, millenials love to explore useful content that is available online. Online trading service providers publish eLearning materials, research reports, social media updates by experts and more. Whether they are travelling or juggling between meetings, millenials utilise their time by accessing online materials to consume important updates for gaining expertise in trading.

5.     Online Account Management

Most millenials utilise net banking facilities. Similar to net banking, they can create a demat account without the hassle of too much paperwork. With reputed online trading service companies, they get a single account linked to their banks for managing online trading and storing shares. Every trading transaction happens through secure servers that are closely monitored by the Central Depositories. These security features matter to the millenials.

Prompt online, email or phone support to manage their demat account is valuable for the busy millenials.

6.     Earning potential

Millenials are smart investors who will work around strategies or make their own strategies to earn money. If online trading interests them then they will be more willing to take the necessary risks to multiply the wealth. There are equity markets, commodity markets, derivatives, forex exchanges and more possibilities that can cater to the needs of the new age investors.

The successful young investors love the online platform and they love the thrill of using strategies to earn money in the stock market.

7.     Becoming an expert

With ample expert tips and strategies available online, gaining expertise is easier than ever. The expert advisors provided by the online trading service providers give them the timely guidance as per their investment appetite. If required a dedicated investment advisor can also help them to manage the investment portfolio on their behalf.

Nowadays, you get to hear about how young millionaires are being made in the share market or forex markets. Although there are risks, it won’t be a surprise if you find more millenials earning a decent additional income through online trading.

To learn more about online trading and how to get started, visit https://www.tradebulls.in/online-trading Share your thoughts related to online trading for millenials by posting your comments.

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ABOUT THE BLOGGERS

Aasif HiraniDirector Tradebulls

Aasif Hirani is the Director of Tradebulls Securities (P) Limited. Chartered Accountant (C.A.) by qualification, Mr. Aasif Hirani brings with him over 10 years of rich experience in the finance industry.

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