Online stock trading
By noobie
@noobie (103)
India
December 23, 2006 11:49am CST
any one knows how to do online stock trading?Is it worth of any thing?
2 responses
@ranjeetkolarkar (1595)
• India
5 May 07
To start with, you need to have an online dmat account with any of the provider of the same viz. sharekhan, icicidirect, indiabulls, reliance money, and others.
Online share trading is indeed a rewarding exercise in terms of money. The catch here is that you need to have information and ability to process it, with a bit f luck.
2 people like this
@anonvenu (401)
• India
16 Feb 07
I trade in stocks only in India so I am giving only info pertaining to trading in India.
To trade stocks, you have to open a Demat account. Many banks offer you a Demat account like, kotak mahindra, ICICI, HDFC etc. some websites like 5paisa.com, sharekhan.com also offer a demat account. To open a demat account you have to posses a PAN card.
Once you open a demat account, you can buy Initial Public Offers, do online trading, trading over the phone etc.
But trading in stocks is serious and risky business, you need to study the stock you want to buy well, should know the parameters in the economy that can affect the stock you want to buy etc. All in all if you don't know about shares and bonds, and how they work its better not to put money on them or you may risk loosing a lot of money.