Placing a trade meant you had to do extensive research on the particular asset, call your broker and ask them to place your order.
The shape of online trading changed tremendously from 2010 when advanced graphical tools, automated software and advanced interfaces were introduced. And the retail business began to grow steadily.
However, a significant spike in online commerce occurred in 2020; according to a Bloomberg Intelligence report, retail market volume increased by almost 20%. This even exceeded hedge funds and banking transaction volumes.
Why the sudden increase in trading volumes?
As mentioned, people have been trading online for decades, but the sudden increase in trading volume means many more are signing up to trade.
The most important contributing factor is the consequences of the Covid-19 pandemic which led many people to adapt their work and personal lifestyle. Working from home is the order of the day, creating a flexible environment for people to start trading.
The surge in crypto traders has accompanied the surge in the stock market and forex trading. Blockchain reported over 68 million crypto wallet users in February 2021. In addition, there has been an increase in Bitcoin trading as more investors find cryptocurrencies as an alternative currencies and choose them as a safe haven to invest.
Is it worth trading online?
Here are a few reasons why e-commerce is so appealing:
- Trade on the go with a stable internet connection
- Low investment is required to start trading
- Time flexibility, forex markets are open 24/5 and crypto markets 24/7
- It can become a passive source of income
But trading has its downsides, and whether you intend to go into it part-time or full-time, you need to equip yourself with the right knowledge.
And even if you have all the right traits to start trading, you will need to register with a broker to facilitate the process.
This is a brand called Omplix, a cryptocurrency broker whose goal is to provide an excellent user experience.
Omplix enables crypto trading through its web-based platform, which is equipped with multiple tools and fast trade execution. Navigation on the platform is easy and accessible from many devices.
Omplix ensures the safety of user funds using the latest security solutions, which include next-generation technology. Additionally, their policies require strict compliance to prevent any threats to user information.
Omplix has provided an informative blog covering account security, crypto trading strategies, and tips for trading crypto effectively.
Their customer support is available 24 hours a day, five days a week and can be contacted via email or live chat.
The popularity of e-commerce is not about to die out; the world is still not out of the pandemic. And for many people, this current situation may become permanent regardless of the pandemic. Therefore, if you intend to start trading, make sure you acquire the proper knowledge and join a reliable broker. Omplix’s mission is to make the process easier for both new and experienced traders; they also have all the security protocols and advanced trading solutions needed by the active crypto trader.