India is in eighth position in the top 10 largest stock exchanges in the world. And recently, it touched the milestone of $2 trillion mark. Today we are celebrating this achievement for a number of reasons. First, the Indian share market took only 4 years to achieve this milestone. Second is the increase of interest in retail investors, and one of the reasons is the increase in online trading.
According to some trading and market experts, the growth in the number of investors in India can be attributed to advanced technology. Online trading and investment have changed the way people invest in stocks. Earlier, people would physically hold shares and keep receipts for their investments. It was cumbersome and time-consuming, and along with that, there were security risks.
But with online trading, people can easily buy stocks or shares and sell with just a click. This easy method of trading attracted novice traders and made their trading learning process really easy. Online trading is a secure method of trading as there is no need to physically hold share certificates.
Technology has totally changed stock trading in India, especially with the introduction of trading apps. This is something cherry on top. They have features like a personal dashboard, and using that inverter can keep a close eye on their favorite stocks around the clock.
Trading and investing is not a piece of cake as it requires knowledge and strategies to understand that. But now it has become simpler, all thanks to these trading apps. By using these apps, users can easily search for stocks, enter a quote and execute transactions in a matter of milliseconds.
These apps are not just about investing and trading; they are also used for IPO subscriptions and mutual fund purchases too. Means all things in one place. And the great part of these apps is that they eliminate the need for individuals to physically compete for shares and have made trading a part of everyday life.
One of the biggest advantages of mobile trading apps is that they have eliminated the need for specialized trading infrastructure. Earlier traders and investors had to invest in desktop computers or laptops and have a dedicated internet connection trade. But now, with these mobile apps, all of that is no longer necessary.
You just use your smartphone or tablet to place any orders and start trading in the stock market. It has made trading easier for everyone. Now there is no need for expensive setups; you just need to have one mobile phone, and yes, you are good to go.
Another great benefit of mobile trading apps is that you can trade from anywhere, anytime. It means no longer needing to be tied to a computer or dependent on a specific internet connection. No matter whether one is at home or work or even traveling, they can simply open the trading app on their smartphone, connect to the internet and place their trade.
These apps are not just for an app for trading, but they are barrier breakers. They are empowering everyone by providing them greater control over their investments and breaking barriers to entry into the stock market.