Online Investing: An In-Depth Look at Trading Over the Internet

Abstract

This paper will be separated into two sections. The first section will contain a brief summary of my internship experience including my duties and responsibilities, the history of Great Lakes Steel and what I learned from my internship experience. The second section will include research on many of the factors that play a role in online trading. For example, a brief history of the NYSE and NASDAQ, advantages and disadvantages of trading over the Internet, day trading, differences amongst online brokerages, and choosing a broker. The information I obtained for the research section of my SIP was found mostly over the Internet. Although, I did use a couple of books I found on online investing. The problem is many of the books that are published on this topic are already outdated, and most of the information would have been useless for this paper. In conclusion, a person already involved in online trading may not find much use for this paper. However, for someone curious about investing on the Internet or one who is thinking about online trading, this information can help you get off to a good start and avoid many of the mistakes beginners go through.