Computer Expertise & Online Security.

Computer Expertise & Online Security.

One obvious concern of aspirants of online trading would be about the level of PC expertise required. However, the fact is that you only need to have a very basic PC exposure to use the ICICI online trading system.

If you can operate MS Office, if you can use web based e-mail, If you are familiar with PC security fundamentals like login name and password, it won't be hard for you to handle online trading. However, since money is involved, it is prudent to first get confident about what you are doing and then proceed. Another caution as we mentioned in the previous chapter, start with a small amount, understand how the system works and then gradually add shares and their numbers.

Security of online trading systems:

On the web, sites use a communication protocol called HTTP or Hyper Text Markup Language. Technically, any transfer of data using HTTP protocol can be easily monitored with software tools. This is, assuming someone ventures specifically to monitor what is going on between your PC and the Internet. Chances of which is very low. However ICICI and most other online trading systems uses a secure protocol for communication between your PC and the trading server. This is called the HTTPS protocol. This is expanded as HTTP Over SSL (Secure Socket Layer). This is a protocol enabling the secured transmission of Web pages. Here you are using an encryption method to secure your conversation with the trading system.

Also, understand that your user name and password for the trading system must be kept secret. If someone get hold of that, they may be able cause harm much more easily than using more complex methods.