How do I do Share Trading from home?
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You can easily do share trading from home. First, contact a broker to open your Demat and trading account. You can choose a discount broker or a full-service stock broker. Then you can opt for an online account opening in which you upload the documents and after a few days, you can start trading. I will still suggest you learn more about trading and practice paper trading before getting involved in this.
The share market is attracting the attention of a large section of people. If you too want to start trading in the share market from the comfort of your home, you can start online trading. The evolution of the internet has now made it easy to trade online. Here is a guide to help you start share trading easily.
You will need a Demat and a trading account. A Demat account is a repository of the securities whereas the trading account enables buying and selling of securities. Choose an appropriate stockbroker to open these accounts. Make sure it provides online trading facilities. Opt for the services of institutions like IIFL Securities which have quite a reasonable brokerage and maintenance charges. Take a good look at various charges levied by the institution before opening the Demat and trading accounts.
Having decided on a good stockbroker, start the process of opening the accounts. You can do this both online and offline. You will have to visit the branch office of the broker to open the account offline. For opening it online visit the brokers’ official web portal. Complete the procedure as instructed by the broker… Enter the basic details like name, phone number, email id, date of birth, pan, and bank account number, etc. Submit the required documents for verification/ The broker will send you the credentials of both the accounts in a short while.
Use the login credentials you received on your email or phone number to access your Demat and trading accounts. The stockbrokers offer various subscription plans. Choose a suitable one that fulfills your needs. Then add money into your trading account for purchasing shares of different securities.
Once you add money to the trading account you can start trading. On the online trading platform, a complete view of all the assets is available. Live market prices, the last day’s close price, highs and lows in the different time frames and other important details along with chart representations are present. Consider all the information and make a proper assessment of the data and invest accordingly.