Technology and trading go hand in hand like never before. Stockbrokers are no longer the gatekeepers of investing thanks to the internet and user-friendly trading platforms. This has given the average person the tools and insight needed to put their money to better use and potentially profit from a little risk-taking. Here are the main ways technology continues to make trading more competitive across the board.

Trading platforms

A trader’s choice of platform plays a large role in their access to markets and ability to execute trades effectively, particularly for active investors. A seamless multi-asset trading platform even gives you unparalleled access to a broad spectrum of markets, including stocks, commodities, crypto and forex. This makes the task of managing your portfolio and transferring funds between investments that much easier.

The technology built into platforms can give you an advantage over other traders, whether it be faster execution times or more detailed indicators. With the most advanced software, you’re right at the forefront of any market you’re trading in.

Artificial intelligence

AI is advancing industries around the globe, and the financial markets are no different. The technology is giving active traders the tools and knowledge to make more informed decisions, potentially leading to greater success in the markets.

It can automate research and data-driven analysis, allowing traders to make a final decision based on all the evidence. Algorithmic trading is possible with AI, where pattern prediction and real-time monitoring give traders invaluable tools to profit from swings and fluctuating positions.

Cloud computing

Another major development in technology has been cloud computing. With cloud-based trading software, investors can take their trades and portfolios wherever they go, providing them with access from practically anywhere, anytime.

This flexibility is significant in short-term trading strategies, where precise moments are key and careful attention must be given for the duration of a position. There’s also a security element – traders can keep their personal information safe with inbuilt security protocols which are becoming ever more reliable.

Blockchain

The technology behind blockchain has revolutionised trading in the cryptocurrency spaces, but also in other areas. It’s a decentralised and automated ledger system that’s accessible to everyone, creating a more transparent and secure trading environment.

Crypto assets can be transferred from person to person and records of all transactions are recorded to reduce fraud and avoid the need for a controlling institution. It’s likely to play an ever greater role in investing and trading in the future.