"Profitable Clicks:"OnlineTrading in the Digital Age:
The future of finance; Trends and impacts upon society.
In the past, the concept of trading was a bit different as compared to this digital era of trading. People exchange their goods with others to fulfill their basic needs. They use their goods and services for each other, this method was called the barter system. In the 7th century, Chinese introduced the paper currency to overcome the difficulties that they suffered from the barter system. After the pre-money era, money formed itself into different forms such as commodity money, banker notes, metal coins, paper money, banking and bills of exchange, electronic trading, and digital currency. These are the forms of the latest currency, which we use to sell and buy commodities. Every country has its currency and its value is also different from each other. With the advancement of time, people started to invest their money in many alternative modified ways.
Latest investment modes;
Firstly there was a time when people thought that their money was safe in banks. With the passage of time, people admire that other sources of investments or savings are also beneficial for them. Investing in stock means buying shares of ownership, in a company. Stock investors aim to benefit from capital appreciation as an increase in the value of stock, and in some cases, dividends are paid by the company. Bonds, mutual funds, exchange-traded funds, real estate, savings accounts, and cryptocurrency. Now people invest their money as they deem fit according to their preferences.
Electronic trading started in the 1970s,s but significant development occurred again in 1990. And it developed more in 2000 and spread worldwide rapidly. Now everyone who has the capacity to invest in it gets profit and loss as per their own risk. In January 2022 Online trading became a trend for the world and it built its trust. Forex trading involves buying and selling currencies in the foreign exchange markets. On the other hand, Ethereum, Bitcoin, and cryptocurrency are also the source of well-known digital trading.
Automatic algo trading;
Automatic trading involves using computers to execute trades on predefined criteria. This method is known as the easiest and most saved way to earn a profit, with less chance of getting in loss. Many of the newcomers use this method of trading where bots guide them to press profitable clicks. And most of the time it provides an automated service to get the profit in the easiest way. This method aims to automate the trading process and capitalize on the market influences. Robo-advisor trading uses automated algorithms to provide financial advice and manage financial portfolios. These platforms use algorithms to allocate and rebalance assets based on investors,s risk tolerance and financial goals. Every financial app has different features that it has to follow.
Sometimes it provides you bots, some sometimes it changes their form in the mode of trade predictions. Hence every form is more delicate and unique. But it also has a loss ratio which has to be borne by the investor at any cost alternate remedy is provided to cover up the loss of the investor. He has total knowledge about the signs, and graphs and has to follow the predictions and measures which are mostly accurate but have a chance of loss. Some people say it's a game of luck, and some of them think that it has logic with profit facts.
Religious impacts ;
Islam as a religious and ethical system, provides guidance on every aspect of life including economic activities. Islam completely prohibits usury or any form of interest. Islam prohibits gambling, or engaging in speculative transactions that resemble games of chance. Investments should be based on the fixed ratio of profit and loss not on the basis of luck or chance. In Islam considerations should be based on basic financial principles of Islam.
It is important to note that interpretations of Islamic finance principles may vary with the different schools and thoughts of Islam. Islamic finance encourages social and ethical responsible investing. Investments should not harm society, companies, or the environment engaging in unethical practices should be avoided for the betterment of society. This online trading has uncertainty in its nature that's why it is against Islamic rules and values. If they changed their parameters about consideration then it may also adopted by the Muslim community.
Conclusion;
Digital trading is adopted by many people. Because it provides a chance to achieve profit. When people make a loss the investors feel stressed and have health issues. Hence disappointed behaviour develops around the society. Dacoity, robbery, and other criminal activities also took place in society. People suffer a lot of difficulties and to invest next time in online trading they borrow loans from others. Hence distribution of currency was disturbed. These new trends in trading should be based on fixed decisions about their considerations doubt digital trading become a trendy trade but there is a need that it requires more reformation for the betterment of society.
Comments