Investments are the coming out to be the preferred way to make your money grow. If you're someone with sharp financial senses, venturing into trading on your own is a good choice. But you may not know how to trade in the equity market in India. This is why we have composed a list of essentials that will help you learn. Read on to know about how to trade in the equity market in India.
Cover the basics of share trading
You need to know the basics first before moving on from here. Things like how shares work and how to read charts are important.Going in without prior knowledge is never advised. It may lead to risky investments that make you lose a lot of money. After you've gained sufficient knowledge, open up a DEMAT account. If you ask your banker how to trade in the equity market in India, they’ll direct you to a form that helps you open this account with ease. You also need to get yourself a trading account alongside this. The details necessary for this are your PAN card, bank account details, and proof of address and identity.
Adding money to your trading account
Once you‘ve gotten a DEMAT and trading account, you need to add money to these accounts. When learning how to trade in the equity market in India, an essential element is to understand how to transfer funds. Log into your account and then transfer funds into your trading account from the account that you signed up with. After this, you can create a watch list of companies that you prefer to invest in. You can keep track of the prices and place a buy order. We recommend going for online trading platforms instead of traditional brokers as they give you better investment control.
Share trading brokerage charge
If you’re wondering how to trade in the equity market in India you need to know all about brokerage charges. When you make a trade a charge is levied on your transaction. A stockbroker charges a certain percentage of your transaction value as a charge. However, alternatively online trading platforms allow you to trade on your own. This is why they take a lower fee. One such platform to trust upon is Ski,they allow you to trade on your own and charge much lower fees compared to traditional brokers. Learn how to trade in the equity market in India by trading on your own with the help of Ski!
When it comes to knowing how to trade in the equity market in India, fund sizes are essential. These are the large-cap (blue-chip stocks from large companies), Mid-cap (equities from medium-sized firms), and small-cap (small companies). If just learning how to trade in the equity market in India, it's recommended you go for large-cap funds. These companies are huge and very stable. You get regular dividends even if the profit margin is lower. The risk is low too in these stocks. Check out the platform provided by Ski to know more about blue-chip funds and invest your money today!