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Online OTCBB Stock Trading Service – How it Helps?
The popularity of internet and net based services made almost all conventional traders who trade stocks, options, futures and forex markets to use online trading services. The direct access level 2 trading services offered by online brokerage firms, enabled web traders to execute their deals in real-time. But for OTCBB (Over-The-Counter Bulletin Board) and penny stock traders, they have to follow conventional methods like direct trading and call in trading methods. But recently a few online stock trading companies have introduced online OTCBB stock trading services.
Online or Electronic OTCBB trading is done just like online stock market trading. The online stock broker will provide you an electronic trading platform, popularly called online trading software, to access OTCBB markets. This online OTCBB stock trading software enables you to buy and OCTBB stocks in real-time. The whole process of stock dealings is so automated that the process will ends in seconds, with one or two mouse clicks. This service becomes much more important to day traders and swing traders trading OTCBB stocks and pink sheet securities as for them time means profit.
The OTCBB stock trading software platforms offered by online stock brokerage firms are usually their conventional stock trading software, or sometimes modified form of it, having unique encryption techniques for securing the dealings. There are both free web based systems or customizable direct access systems available for online OTCBB stock trading and often the trader is permitted to choose one suitable for him or her. Both types of online trading systems are generally incorporated with advanced charting and quoting packages for trading OTCBB stocks and Pink Sheet Securities.
The benefits of online OTCBB stock trading service over conventional OTCBB trading services includes simplicity in stock trading, fully automated process, less wastage of time and energy, the facility to trade stocks without any broker involvement, real-time news and order placing, time sales, faster order execution, intraday and historical stock charting, customized stock charting, built-in stock trading strategies to minimize losses, ability to access the market from virtually anyplace at market hours, direct access to major OTCBB markets such as NITE, DOMS, Knight, Finance 500, VERT, SBSH, Citigroup, FANC, ARCA etc., and the choice of selecting and customizing a software platform.
Some online OTCBB trading brokers offers you the ability to trade stock markets, options, futures, commodities and pink sheet securities from a single system and trading account. Some also offer flat fees for trading unrestricted number of stocks at one trade, live customer support, real-time in-depth account details, and the ability to interfere with major market makers. This is why online OTCBB trading service is most attractive for those investors trading highly active sub penny securities.
But currently there are only a few online brokerage firms who offer this service. As OTCBB stock trading is a riskier trading field compared to other trading forms, most online brokers are not ready to offer online OTCBB trading service on their trading platforms. But it is sure that with time more brokerage firms will be ready to offer this service.
About the Author: Praveen Ortec is an offshore employee for
NobleTrading.com , a leading online trading company offering Online Stock Market Trading and Online OTCBB Trading .