What We Need To Access the Market and Trade It - Part I

We Need an Internet Connection

Actually, transactions can be carried out by telephone. Some brokerages insist on carrying out transactions by telephone if the volume of transactions exceeds certain limits.

Also, as you know, neither software nor internet access can be guaranteed to operate 100% of the time. In these situations, transactions can be opened or cancelled by telephone.

Of course, it is to your advantage when you can work via the Internet as it allows continuous communication with the market and high speed execution of orders.

For our purposes, the best option is high-speed Internet. Either DSL or Cable is perfectly adequate and a dial-up connection for emergency use is a good idea. Remember that dial-up is for unforeseen situations - I would not recommend it for normal use.

For added safety, I strongly suggest purchasing a good Uninterruptible Power Supply (UPS) in case of a local power failure.

Ok! We have discussed what is required and or prudent for us to connect with the brokerage and we have protected ourselves against various unforeseen situations. Now we need to choose a brokerage or Dealing Center through which we can access the market and place our trades.