Software that helps the investor place the trade in the stock market is called trading platform. Trading platforms provide an interface to investors for a convenient trading experience. It helps in maintaining and taking positions in the stock market as demanded by the investor. Trading platforms can provide various features to the investor. An investor can invest in derivatives, equity and even commodities. The buying and selling can be done with is software and it is very convenient to use. Trading platforms are meant to be made that way that even a layman can understand how to place a trade.
A good trading platform, rather the best trading platform is the one that provides investors with various tools to help invest wisely. There are some tools which can be provided via platform like charts. There are many types of charts that are used by analysts like bar charts, candlestick charts, trend lines, scatter plot, point and figure charts. The one that is majorly followed by analyst and is more informative is the candlestick chart. Charts helps in analyzing and interpreting the performance of a particular stock. It helps investors to invest based on the trends of particular stock and take positions accordingly. A trading platform can be used in a tablet, PC and even on a mobile phone. So investor can operate from any device of their preference. A good trading platform will always provide user friendly features and convenient and easy to understand interface. Trading platforms also allows to build a portfolio and the value of the portfolio can be checked anytime. It keeps on changing in value according to the market movements. Investor can get to know about the total gain/ loss, gain/ loss of a particular security. Value of a particular instrument bought by the investor can also be seen. The market outlook can also be seen by the user without television. All the information is shown just as it is shown on television. So one who is using a trading platform really don’t need to turn on the television and notice it side by side.
Today every online platform is prone to risk of hacking. Every platform should have that much security so that people can reliably share their personal information with them. Investors have to share their account details and even some other information. If the software gets hacked then it can turn out to be a great loss for the investors and even for the trading platform. Cyber security should be taken care of and all measures should be taken to prevent such events. So a trading platform has a big responsibility and is not an easy task. A trial session should be there and if any changes need to be made a successful trading platform takes all the measures to take care of the trading experience of the investor and protection of their data. But on the whole trading platform has changed the revolution of investing.