There are few things in today’s society that is not affected by technological advances and research, and nowhere is this as prominent as within the trading community.
In fact, CFD and forex trading have been changed and updated due to new technological tools so many times that it would be impossible for us to list all of it.
However, we have decided to collect the most important changes from two categories that we think have experienced the most development, you can read more below.
1. The Tools We Use
When CFDs were first introduced in the early 1990s, the Internet was still in its cradle and online trading was not a thing. Trading was instead performed on the trading floors of exchanges all over the world.
This meant that it was harder for private traders to trade freely and everyone had to rely on actual brokers to open and close positions.
Since then, the trading industry has gone through numerous updates and changes.
As one of the earliest adopters of the Internet and online services, the trading world has been available online for longer than most other industries.
Today anyone who wants to trade CFD and forex or invest in stocks and other instruments uses an online brokerage. That means you can trade pretty much anything you want from the comfort of your own home.
Moreover, the available trading platforms are continuously being updated, and new technology is constantly driving the development of the industry. Meanwhile, currency trading platforms (forex) are getting better and faster, and mobile trading apps are becoming more and more accessible.
The development is happening so rapidly that it’s pretty much impossible to imagine where the industry will be only five years down the road from now.
2. The Instruments We Trade
Technology has also affected another part of our trading experience. In fact, it has affected what we trade.
As mentioned, CFDs were invented in the early 1990s, but it was not the result of technological advancement but rather as a solution that allowed traders to avoid paying taxes.
However, thanks to the introduction of the Internet, traders can now open and close positions on any exchange around the world in only a few minutes. It has become easier to invest in Chinese stocks and South American commodities.
Although the biggest change in the instruments we trade is the invention of cryptocurrencies.
When Bitcoin was first launched in 2009, no one knew just how big its impact would be. Today, 10 years later, cryptocurrencies are one of the biggest and most exciting markets available to us. There are literally thousands of digital instruments to trade with and invest in and hundreds of tools and platforms to help you do so.
Never before has technology had such a deep impact on the way we live our lives as it does today. And with every new invention, all the affected industries have to adapt.
The world of trading is no exception, and we have been able to witness some truly groundbreaking developments that were all driven by new technology.
There is no sign that this will ever slow down and it’s safe to assume that online trading could look completely different in only five years from now.