How to start Investing in the Share Market?
How to start Investing in the Share Market?
Starting trading in the Share Market or becoming a Share trader is fairly simple nowadays. There are many online share broking platforms available that can make your trading debut smooth.
What does it require to become a Stock Trader?
To start trading in the share market you need One bank account saving or current, One demat account and one Trading account. Your savings/ current bank account will be used to put or get money in or from share. Demat account is a digital asset holder account. It holds all the your previously bought shares.it is used to hold shares and securities in electronic format. Trading account acts between your saving account and demat account. When an investor wants to buy shares, he places an order through his trading account.
So these three accounts are very important to start trading with shares. You pay the amount for your shares from your saving account via trading account and hold the bought shares in your demat account in digital form. On the selling side, You sell your shares from a demat account via trading account your money get deposited in your savings account.
Some terms related to share marketing:
Trading Day: The buying and selling of shares start from 9:15 am closes at 3:30 pm every day. In marketing terms we call it day opens at 9:15 am and ends at 3:30 pm IST.
IntraDay Trading: Intraday trades means buying and selling a stock within a trading session, i.e. on the same day. If you do not square your position by the end of the day, your stock can be sold automatically at the day’s closing.
DELIVERY TRADES. Intraday trades means your bought stocks are holded by your demat account and you can sell it whenever you want. You can hold your shares for more than a day
Now your are ready with share market terms. There are many terms that we have not covered yet but will over way ahead. Now lets discuss how we can start trading using some online brokers.
Some good online share broking platforms:
- https://www.angelbroking.com: Angel broking is an online share broking platform that makes share trading easy. It is very easy to start share trading with Angel broking. All you have to do is register with you name, phone number and city. Angel broking sends otp to verify your phone number. After verification it asks for bank details and id proof to open a free demat account. Just 3 steps for getting started with online Stock trading.
Now you are ready to start trading in the share market. Unlike other share broker services Angel broking provides flat broking charges. It charges a flat 20INR as an intraday equity fee. That means if you are buying a share and selling it on same trading session, Angelbroking will charge you only 20INR regardless of the amount of trading. Angelbroking charges zero Delivery equity free so if you buy a share and store it for longer than a day and sell it you have not to give any trading charges to Angelbroking. Angel broking maintains your demat and trading account for you. The first year charges for maintaining the account is free. After next year users have to pay Rs 450 + service tax per year that roughly estimates to Rs-531 per year.
Not only this, Angelbroking provides many other facilities to use. It offers 48times intraday leverage so if you have 1000INR in your account you can buy shares of 48000INR. The delivery leverage is 8 times that means if you have 1000INR then you can buy a share of value upto 8000INR. For this marginal trade facility you have to pay 18% per annum. The whole concept behind Marginal Trade facility is you can buy shares that you cannot afford the amount will be given by angelbroker as loan for that it charges an interest at a rate of 18 percent per annum.
Angelbroking has handsful of features that makes share marketing experience seamless. The desktop site is good responsive and UX is very friendly. For the new comers the home page of website is enough to get basic idea of it’s services and terms. For the regulator traders, Angelbroking has presented mobile application for android and ios.
Angelbroking provides free AI enabled robotic advice for trading. It asks you for your age and monthly income and analyzes the current market and gives you right advice about trading. This AI enabled robotics advice is based not years of years market data analysis.
Transferring money to your savings account is fairly simple. It normally takes 24 hours in business hours and 2–3 days for non business hours. Nominal charges like IMPS are applied for money transfers.
Terms and Conditions of Angel Boking are fairly simple:
- Statutory Levies and Taxes will be levied to the clients as prescribed by the regulators.
- Investment in the securities market is subject to market risk, read all the related documents carefully before investing.
- Angel Broking reserves the right, in its absolute discretion, to change, alter or discontinue the offer and alter the terms and conditions from time to time & will prior communicate to client via Email.
- Zero Brokerage on Equity Delivery for Lifetime. Rs 20 Flat Brokerage per order for Intraday, F&O, Currencies and Commodities.
- Brokerage charge will not exceed the SEBI prescribed limit.
Hurrah, Now you have enough knowledge to get started with share marketing. You can register with Angel broking and start investing in it. Remember there always lies a risk of loss in trading so my advice is to play safe and always do your own research before investment. Never put money on market rumours. In my upcoming blog post i will be covering do’s and don’t in Stock Trading. For the time Adios….
