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6. Executing Trades > Hacks #54-58

Hacks #54-58

When it’s time to buy and sell investments, you can complete your transactions on the Web in most cases. Submitting your orders electronically offers a lot of advantages. You can place trades any time you want, day or night, regardless of whether the markets are open. If you want to check something before completing a transaction, you can stop in the middle without tying up a broker on the telephone. In most cases, orders are executed almost immediately. Even better, you usually pay a lower commission for taking the do-it-yourself route.

Submitting your orders electronically does have some disadvantages, though. Stock trades come in many shapes and forms [Hack #54] and not all brokerage firms offer every type of trade [Hack #89] as an online option. If you invest in bonds [Hack #58] , your choices are downright limited. However, all these limitations will continue to disappear as online trading becomes the method of choice and brokerages update their services to keep clients happy.


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