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Different Types Of Online Trading In Kenya

Online trading is the buying and selling of securities (stocks, bonds, etc.) through the use of electronic communication.

The benefits of online trading in Kenya include the speed and convenience of transactions. Additionally, online traders can access their accounts from anywhere in the world.

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There are a few things to keep in mind when engaging in online trading:

  • Always use caution when opening an account with a brokerage firm. Some firms are more reputable than others and may offer better rates and services. Make sure to research each firm before signing up.

  • Never invest more than you can afford to lose. Never invest money you cannot afford to lose because losing money in the stock market can be quite costly.

  • Always consult with a financial advisor before engaging in any type of investment activity. Financial advisors can provide guidance on how best to trade stocks, bonds, and other securities.

There are a variety of ways to trade online, so it's important to be aware of the different types before you start. Here's a breakdown of the most common types: 

Interactive Brokers is one of the oldest and most popular brokerages for online trading. You can access their trading platform from any computer with an internet connection. Their services include live stock quotes, real-time market data, order entry, charting and more. 

E*TRADE is another well-known brokerage that offers both web and mobile apps for traders to use. They offer a wide range of financial products, including stocks, options and futures. Their services include real-time streaming stock prices and order entry into their markets.