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Understand the difference between types of trading platforms

Many brokers today are offering trading platform for either free or discountable rates to make it simple for traders to maintain a funded account and to maintain the good count of traders per month. Since Accuracy of platform and quality of data feed are directly related many best online brokerage are particular about having adequate data feed. However, it is trader’s responsibility to make right decision of choosing top trading platform form the big list of awful platforms to excellent platforms.

Spending minimum time in Online Trading News will surely help beginners to understand all changes and updates in trading market and trade accordingly. Today there are two different types of traders available in the market namely day traders and optional traders.

What is Day Trading?

Attempting to profit by capitalizing on within-the-day movements of market’s price action is the actual process of day trading. In this type of trading a trader does not hold any open positions overnight as name suggests (day trading) and closes out trades before market closes. Some of the special packages offered by top online stock trading in Day trading are:

  • Financial Analysis
  • Bid-ask spread
  • Trade Commissions
  • Expenses for real time news feeds

However, one needs to have good skills and knowledge to becoming successful day trader and there are many online courses available to get well-trained about the process and techniques of making good space in the market as a best Day Trader.

What is an Optional trading?

In optional trading potential transaction on the underlying security at strike price is done by an agreement between two parties. Here a trader holding shares of a company with particular current price will sell a call option to generate income in option premium form with a strike price that is quite more than company’s current price.

However for all the new traders who are planning to make their way towards best Trading Platform it is important to understand the techniques of maintain good consistency of returns and know how to put odds in their favor with the help of online stock trading courses.