What are The Ideas And Planning To Start Trading


Online trading gives a chance to the investor to use a permutation and combination of varied securities and complex trading strategies which would have not been possible otherwise. In online trading, these complex strategies can be built in a fraction of time for profit-making. So once it has been decided that a person wants to take a plunge in trading, it is very important to know how to trade online.

Also read:- Demat account

Step to do online trading

  • Link bank account to trading account: The actual buying and selling of shares and securities takes place in a trading account, therefore it is important to have the required money in it. Linking the bank account and the trading account allows money in the bank account to be used for trading purposes. It is very similar to “fund the wallet” in the case of online shopping. 
  • Start trading: One has to monitor stock prices and their movement on the stock exchange to start training. Knowing market basics is an important part of how to trade online.  A trader can keep a track of the live prices of a particular stock and make decisions. For trading in India following steps can be followed:

  1. Decide the stock/security to trade
  2. Select buy or sell option
  3. Enter the trade quantity and the amount in the relevant currency.
  4. Choose the order type- Market or Limit. Market order gets executed at the next available price when the market opens and for Limit orders, a price limit is set by the investor for execution.
  5. Confirm 

Trading is done for the generation of profits, though it may look simple but needs good planning and knowledge of the market. Trading in India is gaining a lot of popularity but it is also important to know how to trade online. 

Also read:- There Are No Shortcuts To Making Money, Especially In The Stock Market


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