A lot of people haven't heard about online bond trading before. If you go online and find out some information about trading, you will find that stocks keep coming up again and again. In a sense it is almost as if online bond trading is a closed entity - but if you search hard enough you will start to find some information about it.
But just as stocks are all about buying and selling, you will find that online bond trading is very similar. Only this time you are buying and selling bonds instead. And as with anything else it pays to find out as much as you can before you consider doing this yourself.
Online bond trading is identical to stocks in as much as you want to hold the bonds while they are providing you with a good interest rate. As soon as they become less worthwhile you would sell them on and buy something better instead.
There is a key advantage to trading bonds online though, in that the information you get access to is far more immediate. If a change happens you will know about it pretty much straightaway. But of course this means that you have to be prepared to stay on top of what is going on. It's no good being a casual trader or investor and hoping to buy and sell at all the right times, because it just won't happen.
You also need to think about the type of bonds you are interested in. For example there are government bonds, tax free bonds, corporate bonds and many more besides. Those people who trade in such bonds have the knowledge they need to be successful, and you should at least figure out the differences between them to see which ones are going to be more appealing to you.
One of the best things about bond trading is that they are generally not as volatile as stocks are. The long term nature of them makes them stand out, and as such this gives you more time to figure out what the best moves will be for you.