Finance

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The financial industry has always been at the forefront when it comes to technology. From ticker tape machines and phone banks to electronic spreadsheets and wireless devices, advancements in electronics seem to be innovated for Wall Streeters and Madison Avenuers.

What you call greed, I call progress

Sometime in the 2700s, a Sumerian merchant started making more money than he had fingers. Some unknown innovator solved the merchant’s problem by inventing the abacus. Ever since, the need for keeping track of economics has motivated financiers to design new ways to count their rocks, shillings, pennies, and dollars. If you want to make money, you have got to be at the forefront of invention.

Money goes electronic

The stock exchanged underwent an incredible change when the electronic boards hit. Now, in real time, brokers and investors could see what any single corporate entity was worth. Frantic trading on the floors brought the world’s economy to yet another level. To some, this is the benchmark for success in the economies of many nations. No longer did you have to wait for someone to bring you information of yesterday’s closings. An investor’s portfolio was already building armed with today’s latest trends. And the ocean was no longer an obstacle.

Welcome to the information age, Dollar

The twenty-first century has taken the financial game to the home. The internet has brought the casual investor to the field and he has flourished. Stock quotes do not wait for the morning paper, anymore. They are available with only a few mouse clicks. No longer do you have to pick up a phone and call a broker to check on your portfolio or order trades. Instead of idle chit-chat with a man who wants to sell you on stocks that earn him the most, you pay a broker on their website at a discount and do it yourself. According to the commercials, even a baby can do it.

Forget your advisors

For those whose investment strategies rely primarily on foreign exchanges, forex signals have become a must-have. For a small subscription fee (or none at all, in some cases) an investor can track the foreign currency markets as they happen, receiving electronic alerts for predetermined scenarios of attractive trading options. I would still recommend you consult an investor, but for experienced traders, it is an all-in game now.
The world is digital. Are you taking full advantage of the technological tools the world of finance has issued in?


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