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In traditional trading, day traders have to be physically present at a trading floor. Trades are usually executed by brokers via phones or any other means of communication. Basically, brokers assist day traders throughout the process in traditional day trading. In online trading, all decisions befall on the day trader. He will be responsible in the direct execution of trades with the help of an online trading platform or a trading software. Online trading platforms are provided by online brokers. Day traders can access market data, charts, news, and alerts with the help of an online trading platform and they can base all their decisions on such information.