Online stock trading jumps up to almost 30% in 2016

 

As stated by the PSE annual report on stock market accounts, online trading accounts grew by 27.8 percent to 302,516 in 2016 from 236,669 in 2015.

Total stock market accounts grew by 8.5 percent to 773,187 from 712,549 in the same comparable period.

Online trades made up 53.7 percent of total market transactions in 2016, the first time online transactions were responsible for bulk of trades.

“Technology has played a big role in the development of our investor base over the years. We’re pleased to see that more Filipinos have continued to adopt online trading to invest in the stock market,” PSE President and CEO Ramon S. Monzon said.

When it comes to geographic location, 96.1 percent of retail investors were based in the Philippines. The rest were based.

Of those based locally, 70.6 percent was in Metro Manila. The rest of Luzon accounted for 16.4 percent, Visayas for 6.2 percent and Mindanao for 2.9 percent.

Nearly 40 percent of investors were 30 to 44 years old, followed by 45 to 59 which accounted for 26.4 percent.

“We’re pleased with the continued growth of stock market investors in the market,” Monzon said.

 

 

 

 

 

What is FOREX and Online Trading?

 

What’s Online Trading?

Online trading is basically the act of buying and selling financial products through an online trading platform. Internet based brokers normally provide these platforms and are available to each and every person who wishes to try to create money from the market.
Most brokers, like iFOREX, provide a variety of financial products including Shares, Commodities, Indices and Forex. While buying and selling Commodities like Gold or Silver or trading Shares like Google might be familiar, Forex trading has gained extreme popularity over the last number of years due to some of its own major features.

What’s Forex?

To make this simple, imagine 500 Euros are exchanged by you into Dollars and you are getting ready for a trip to New York. A week later, your trip is cancelled and you decide to change back your Dollars into Euros.

This is referred to as a profitable foreign exchange trade. You purchased Dollars at a certain rate of exchange and the value of the Dollar went up against the value of the Euro.

Without even meaning to do so, you managed to make a small profit as you bought your Dollars at a rate that was low and sold them back at a higher rate – the aim of any successful trade.
Nowadays, there isn’t any need to really go to a bank or post office, or even depart from your house for that matter – you can trade online using your home computer or mobile phone.

As mentioned above, from the palm of your hand you’ll be able to trade Forex, which includes currencies like the Dollar or Euro, a number of Commodities like Oil or Gold and major market indices.

You don’€™t have to be a professional to trade online. It’s possible for you to open a trade by selecting a product, amount and direction, and close it if your trade is at any given time you choose in profit.