Online Share Dealing - Your 2012 New Business Venture?

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by: bluespeckmedia
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Date: Fri, 27 Jan 2012 Time: 10:22 PM
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January is the time of year when people resolve to get their lives in order - to get that dream work-from-home job or to earn a little more money. We take a look at online share dealing and how it could tick off both these resolutions - and become a potentially profitable venture.

Stocks and shares have come on a long way from their origins 200 years ago when they were traded by candle light during the time it took for the wick to burn. Just as the Internet has altered the way we live our lives today, it has also altered the way we do business, meaning that trading can now be done via online trading accounts. Forget slick suited and booted city bankers, and think more PJs, laptops and comfy sofas at home.

Online share dealing has become increasingly popular over recent years with 65% of investors now conducting their own research and investing directly onto the stock market. Its rise is largely in part of convenience. After the initial set up where proof of ID may be required, an investor with an online dealing account can entertain international trading with UK,European and Worldwide markets from the comfort of their own home.

But what about the small-timer who has a basic knowledge of the marketplace but might be lacking in investor confidence? Online share dealing accounts also offer their uses a plethora of services which can aid both the big-time and small investor. Users can benefit from additional features such as the help of a share dealing account manager who can take complete control of your investment portfolio and offer advice on the best performing shares, although the service charge will be higher on one of these discretionary accounts. An experienced investor however may prefer an execution only service; an account with the use of share dealing platform but without the paid-for services of a manager.

Share dealing account providers also offer investors sophisticated yet easy to use online platforms in which they can trade instantly with the click of the mouse. These offer real time updates with information, charts and updates on the latest trades and share performances so yet get the most up-to-date transactions and therefore can make informed investment choices. These are frequently uploaded with reports and guides from professionals for that indispensable insider knowledge.

The costs of share dealing which previously excluded many from the market place have also been reduced and as a result online share dealing accounts have thrown open the doors of Wall Street to the everyman. Although trades can still take place via telephone and in person, trading online has proved a far cheaper option with some accounts offering a flat rate between £6.00 and £20.00 per trade.

As with any investment product or financial service, it's always best to shop around for the best rates, comparing commission fees and other possible charges. It can get complicated so it may be best made with the expert advice of an independent online share dealing account advisor on the best account and services for your level of investing experience. Who knows - 2012 could end up being a financially exciting and lucrative year.

About the Author

John T Hughes writes for Share Dealing Account, a leading online source of information on share dealing accounts in the UK.