The Internet has improved our lives in many ways, and how we conduct our investment becomes one of the most important improvements. Today, the World Wide Web gives us access to news affecting financial markets 24 hours a day, 7 days a week.
This type of information is what drives markets, and the forces of a particular investment to increase or decrease its value. Today, you can trade stocks, bonds, commodities and currencies online, as long as markets are opened up an account and just click the mouse.
Before its creation, would have to subscribe to all kinds of newspapers to make sure they were up to date on the latest developments in the markets. If something happened in the middle of the afternoon, very bad, which was out of luck until the evening watching TV or reading the newspaper the next day.
The people in the know at the brokerage firms and investment banking operations, used wire services back then. In other words, they had a huge advantage when compared to the average retail trader because of their ability to access this very valuable information as soon as it was released to the general public.
This is one of the reasons that they were so much more powerful back then, and controlled so much more of our lives than they do today. The availability of up to the minute news in many cases made these companies literally billions upon billions of dollars.
Before the internet was created, if you want to buy or sell a stock, he had to call your agent and put in order. At that time, fees for carrying out one of these transactions was much more than it is today. Now, if you read some news on the World Wide Web that you think it will hurt or help, all you have to do is hit the button to buy or sell, and the transaction is completed in seconds.
Essentially, the internet has placed at our disposal all the knowledge and tools that used to be controlled by a very select few on Wall Street. The savvy investor, who is able to intelligently put to use everything that they now have access to, can fully control their own economic future without the need of assistance from any outside entity.
This type of information is what drives markets, and the forces of a particular investment to increase or decrease its value. Today, you can trade stocks, bonds, commodities and currencies online, as long as markets are opened up an account and just click the mouse.
Before its creation, would have to subscribe to all kinds of newspapers to make sure they were up to date on the latest developments in the markets. If something happened in the middle of the afternoon, very bad, which was out of luck until the evening watching TV or reading the newspaper the next day.
The people in the know at the brokerage firms and investment banking operations, used wire services back then. In other words, they had a huge advantage when compared to the average retail trader because of their ability to access this very valuable information as soon as it was released to the general public.
This is one of the reasons that they were so much more powerful back then, and controlled so much more of our lives than they do today. The availability of up to the minute news in many cases made these companies literally billions upon billions of dollars.
Before the internet was created, if you want to buy or sell a stock, he had to call your agent and put in order. At that time, fees for carrying out one of these transactions was much more than it is today. Now, if you read some news on the World Wide Web that you think it will hurt or help, all you have to do is hit the button to buy or sell, and the transaction is completed in seconds.
Essentially, the internet has placed at our disposal all the knowledge and tools that used to be controlled by a very select few on Wall Street. The savvy investor, who is able to intelligently put to use everything that they now have access to, can fully control their own economic future without the need of assistance from any outside entity.
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