Wednesday, June 13, 2012

Sharetrading From Home

Trading stocks and shares from home has become ever more popular with the advancements in technology over the last decade or two. Where once the home based trader would be reliant upon using the telephone to call a broker and have them relay a price before a transaction could be executed, nowadays a transaction can be completed swiftly and accurately within the comfort of your own home. So how do you set yourself up to trade stocks, shares or even a whole host of other financial markets?

Firstly, it is important to make sure that you can be as well-informed as you can be. Happily with cable television channels and broadband internet, keeping up to date with breaking financial news stories and breaking economic data doesn't need to break the bank. If you have a cable TV subscription, make sure that you have access to the two main specialist financial news channels. Both Bloomberg Television and CNBC run 24 hours per day and shift around the world, following the financial markets as they open and close around the world. With breaking news headlines and the latest economic data from the major financial centres around the world flashed up onto the screen as it breaks, you can keep up to date with news and reports that have the potential to move the markets. Obviously, you can't be expected to watch news feeds 24 hours per day waiting and wondering what economic news is coming next, so it's good to have access to a simple economic calendar which lists times, and perhaps more importantly, a rating of their possible impact on the markets.

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