For better understanding why nowadays trading is considered to be fast and easy to be done by anyone, we should have a look back in history.
For an individual to invest in the stock or the commodities market it was needed a big sum of money. First of all because there were no leverage and second the commissions paid for each investment or trade was big. To place a trade in the market the investor had to have to call his stockbroker and give him the order. The broker then enters the order in their system which was linked to trading floors and exchanges. For every operation made the stockbroker had a commission, so if an investor wanted to open a trade, he had to pay, if he wanted to close its position he would again have to pay.
Besides the fact that a lot of money were paid to the stock brokers as commissions, there was another problem, the time for the trade to get into the market. The investor had to call his broker, from whom he got the quotation and approve it, after that the broker sends the order into the market. With all these steps it would have been very difficult for someone to trade on a short term basis and make profits.
In August 1994, almost 20 years ago, K. Aufhauser & Company (later known as TD Ameritrade) became the first online brokerage house. They offered their clients the possibility to trade online via WealthWEB. Since then the online investing has known an impressive growth. Now anyone can have a trading account with one or more online brokerage houses. The orders are placed almost instantaneous and the commissions are very low or sometimes inexistent.
Another advantage of the online trading, beside the fact that the order is placed immediately with low or no commissions, is considered to be the trading platforms. Every online brokerage house is offering their clients a trading platform through which they can place and close orders, set Stop Losses and Take Profits, but this is not all. The platforms also give the user analytical tools for him to do his own analysis and take his own decisions.
When I joined the Rally family, I had zero knowledge about forex. I attended their seminars and lectures and it was a thorough and quality experience. Talking about my success in forex , it’s a steady process , I’ve enjoyed lots of profits and a few losses. I’m grateful for the rally trade foundation I have, I look to grow from under the wings of Rally.
I was told I could make money in my comfort zone, then I thought; “this could actually happen in my dreams”. But guess what, I made money and I’m still making money in my comfort zone with RALLY TRADE. To my account manager OLUWASEUN: thank you for keeping to your words and for being nice at the same time, thank you for having my back, you’re the best.To RALLYTRADE: thank you for this opportunity and for letting me know I could do more and better with myself..
I am so much impressed not by anybody's action or motivation to pronounce my encounter with rally trade company. I would love to say this company has done so much in my life; personally. I listen to a radio station programme about a seminar/training on how to trade forex, I planned to attend though I don't believe it will work for me. After the training I got a call from one of Rally trade staff, in person of Tamuno who done so much to convince me to go in for the trade. This young girl have been so impacting since I stated the trade and she has never for once ignore my request for support and advice; I so much appreciate you...
Oluwatuyi Timileyin Samuel
THANK YOU, THANK YOU, THANK YOU Rally trade team for the excellent work you are doing. I recommend rally trade for anyone who want to profitably trade Forex on a consistent basis.
I have been with rally trade broker for one year now, they are reliable broker and they have excellent performance in term of training, customer service and prompt payment of profit withdrawal. Morealso, i am also beneficiary of one of their partner program (introducing broker) which I have been receiving payment for monthly commission on it. I recommend Rally trade to d prospective individual and company that intend to trade in forex . Thanks to Rally Trade