Trading in the old days was quite the process – you’d call up your broker, place an order for a particular set of shares, and after a quite an elaborate process you would actually receive physical documentation that would confirm your ownership of a particular set of shares. And this certainly was not the fastest process in terms of time; and looking back, certainly not one that set the gold standard for efficiency. I started trading when it was such an elaborate process, for lack of a better word. The thing that added to the time taken to complete this transaction was calling up my broker and actually asking him for advice on which stocks to buy. After all of this, there were still questions which remained unanswered such as – why did my broker actually recommend a particular stock, was there anything else I could have done to maximise the returns I got?
All the issues that I faced back in the day were solved with the advent of mobile trading. Trading on your mobile phone is instantaneous and everything you need is at your fingertips. The app I have been using is by Edelweiss and it’s called ‘Edelweiss Mobile Trader.’ The move to trading on Edelweiss Mobile Trader also answered something that had briefly crossed my mind back in the day – just why did I get the kind of results I did? My broker was a pretty smart guy but there must have been an underlying analysis he did, right? Well, with the incredibly detailed charts and analysis that covers a company’s performance from top to bottom, I finally did start to understand this using the app.
I will go ahead and say it – investing online is a much better option than calling and trading. And when I say ‘investing online’ I mean either through a mobile app or desktop software or over the web. The reasons for the same are numerous. Firstly, the entire process is very quick. The amount of time it takes to actually analyse a stock’s price, and place an order is a fraction of what it takes anyone to call someone and place an order. In addition to this, an online trading platform provides detailed analysis that covers a wide range of facets clearly showcasing important metrics.
The freedom to analyse the market, to my own research studies about different stocks, and the amount of different investment options I have got from this app has been staggering. You can now track trends, and do your research from virtually anywhere with live streaming data and a host of advanced charts and technical indicators on this stock trading app. The real deal, when it comes to trading, is that it happens in real time and hence, this is a great app since I get access to real-time streaming quotes from both, NSE and BSE. It also allows me to track my portfolio live, thus allowing me to take timely decisions. Also the live news that you get in the app is generally faster than the TV too.
What’s more – you can dive deep into analysing the markets with comprehensive information about Equities, Derivatives, Commodities, and Mutual funds with information such as Top Gainers & Losers, Most Active stocks, 52 Week High & Low stocks, Volume Buzzers, FII DII flow, Sector performance, Option chain, Open interest analysis etc. And if you add ‘Screeners’ to that list, what you get is an icing on the cake. Screeners, based on pre-defined metrics, help you spot market opportunities with ease.
And the best part? All of this is free – as in you don’t need to pay any fee for actually using the app. This lightning fast way of trading, with the ability to do all of the above and more is surely more than just a step up from the old days when we would have to call up our broker. The benefits are just way too many to list down! Download the Edelweiss mobile trader app today and experience the difference yourself!