What are Basic Necessities to Trade in Stock Market Hassle Free?
- Asked By
- Updated On:01-May-2021
- Replies:2
Short Answer
Learn the basic necessities to trade in stock market in India. Easy stock trading tips for a hassle free experience as a trader or an investor. All you require is an internet connection, laptop or smartphone, active bank account, demat and trading account and there you do, trading in the stock market is simple as booking the movie tickets online.
Detailed Answer
Gone are those days where you were required to hire a stockbroker or complete lots of paperwork to buy the shares. Nowadays, purchasing a share has become a cakewalk with the massive development in the field of technology.
Nowadays, Stock investing and stock trading has become quite simple.
If you have made up your mind to invest in shares, then you are not required to physically appear in the stock market. You can buy the shares online at the comfort of sitting at your home through your laptop or phone.
These days, there are plenty of the best stock market apps that make the challenging task of buying the stocks easy by providing the quality financial advice to the potential investors.
Now, you know that through an effective usage of technology, investing in shares has become a simple task. Furthermore, it pays rich dividends to update your knowledge about the prominent requirements you have to fulfil to trade in the stock exchange efficiently.
Basic Necessities to Trade in Stock Market
So, let's start without wasting any further time:
1. Savings Account: It is extremely important that you must have an active savings account to the trade in the stock market hassle free.
2. Demat Account: Without the demat account, you cannot even think of buying or selling the shares. You can open this account through your bank by completing certain formalities. You have to pay the annual maintenance charges to the bank for maintaining the demat account.
3. Laptop and Working Internet Connection: If you do not have time to visit the share market, then you can purchase the stocks online. It is imperative to ensure that you have a laptop and an internet connection to trade efficiently.
4. Smartphone and Internet Connection: You may feel quite uncomfortable most of the time to carry or open a laptop to trade or get the latest stock market news. Now, this task has been made easy with the top stock market apps. These useful apps help you check out the share prices and also connect with the skilled financial advisors for getting any tips.
Therefore, you must not have any fear in your mind regarding making an investment in the stock market.
The process of buying or selling shares has now become quite easy. All you are required to do is a sound research work combined with the logical thinking. If you still want any help or guidance, then you can go for good stock market advisory services, to find the best stocks and grow your money.
Do you wish to share any stock trading basics or ideas? Feel free to comment below.
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Discussion (1)
Discount brokers have gained a lot of popularity in the past couple of years. Zerodha is currently India's largest and most trusted discount broker which is also the best option for beginners. It has all the necessary qualities required for a good broker like low commissions, low-maintenance charges, high-quality trading terminal, etc.
Arbitrage Funds are mutual funds with an objective to profit from inefficiency in the price of securities in two different markets. We look at their taxation, meaning and difference with liquid funds in this post. The fund invests in equity and debt instruments.
In this current day and age, options trading has become the new cool thing that everyone wants to try. There are many option trading platforms out there that provide various Option trading tools. Sensibull and Opstra Definege are 2 of the most prominent names in the industry.
Both of them provide all the necessary tools like OI (Open Interest) Charts, PCR (Put-call Ratio), IV (Implied Volatility) chart, etc. But the main question lies, which one of them is a better platform for Options trading. Let's find the answer to that question.
Options trading offers many options to traders, investors as well as hedgers. There are some common mistakes that option traders commit. Five of the most common mistakes are, taking too much leverage, not having a pre-defined stop loss and target, acting on tips on social media, adhering to buying options, and taking unhedged trades.
If you're looking for a straightforward and comprehensive take on options trading, then Sensibull should do the job perfectly. However, if you're and expert and want more complex trading tools, then Opstra is the one to choose.
Making money off the stock market is no easy feat. It would help if you had a calculated investment while reading the stock market and ensuring that you have all the metrics checked out for making a sensible investment.
Zerodha is an Indian discount stock broker which provides various services to its customers. Zerodha is a paid platform with Rs 200 as account opening charges and their brokerage rates are different for each segment which are discussed in detail.
You might have read about different stock brokers in India. Here I'll review two of the most popular discount brokers in India: 5Paisa v/s Zerodha Comparison.
For any beginner who is getting started in the stock market, you need to be aware of the broker you choose, the investment strategy, not letting emotions play in your investment and trading desires, and not trading with money that you can’t afford to lose.
The things to look out for are the patterns, candle stock patterns, the trend in the market, support, and resistance lines. Using this, you can include several other things based on your trading preference.
Harshil Patel
Mostly you just require a laptop with a good internet connection, Demat account and savings account. But the most crucial thing is the capital. Use the money that you have no intent or purpose. Never invest in the stock market through loaned money.