Getting accustomed with the Online Trade System
by Sanjay Rane AthorIn
the growing complexities of the stock world where things are so confusing and
exasperating the one good thing that has emerged in recent times is Online
Trading. It is the easiest and the safest option you have got. There are so
many reputed online stock trading websites that have implemented state-of-the-art
facilities for the retail investors. You can now buy and sell stocks online
through these websites without any hassles and there are so many other benefits
as well. Apart from the fact that online trading is hassle free, the biggest
advantage to do online trading is that they charge considerably lower brokerage
for stock trading in comparison with the traditional stock brokers.
The
article will inform you on how to do online trading and ways to track latest
stock updates.
To
do online trading you will need an online
account. For this you need to approach Depository Participants or DPs who could
be banks, brokers or financial institutions that are empowered to offer
services for trading. Download or collect the account opening forms from the respective
DP’s office or website. Fill up the requested details in the account opening
form and provide the necessary signatures. Affix photographs and submit a copy
of PAN Card, proof of address, bank statement or other documents as required by
the company. Once applied, you’ll be given a copy of the rules and regulation,
terms of the agreement and the charges incurred for regular account maintenance.
Get a computer with internet connection or enable internet on your cell phone
with sufficient speed to do trading. After successfully opening of the online
trading account you will receive a username and password with the help of which
you can login in online trading system and trade yourself. The trading system
executive will help you initially on using the system to do online trading.
Once you get familiar with the system you can trade hassle-free all by yourself
at your home, internet cafe or any of the desired locations. Placing buy/sell
requests are just a few clicks away at your mouse.
Through
Online trading you can do delivery based trading, margin trading as well as
derivative trading. Besides, most of the
online stock trading companies also let you invest in the IPO and mutual funds
as well. So, now there is no more filling up the lengthy forms and no more
signing cheques by you for buying the IPO or investing in the mutual funds. All
this can be done with a click of the mouse from your online account.
With
the help of various platform such as financial news channels, phone
applications, websites, magazines etc. keep a tab on the live stock prices,
latest news & reviews, joint ventures, take overs, future prospects of the
your stock companies etc. Besides, you can keep track of all the trading
details through your online
trading
account and get the details of the trading printed if you need to keep a copy.
Draw
a strategy, depending on the fund you have for investing in the stocks and your
objective for investing in the stock market. With the help of online trading
money making has become so thrilling and exciting business. It makes you feel as
if you’re doing a window shopping of equities, IPO, mutual funds, bonds, shares
etc.
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Created on Dec 31st 1969 18:00. Viewed 0 times.