Steps to Becoming an Online Stock Trader
Becoming an online stock trader Online trading has given anyone who has a computer, enough money to open an account and a reasonably good financial history the ability to invest in the market. Stock trading in India occurs on its two stock exchanges: the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Just like the process to open a demat account, you need to submit proofs of identity and address along with a passport size photograph and the account opening form for opening a trading account. Following is a detailed guide on how to open a demat account . Follow the steps given below and you’ll be a pro online stock trader in no time. 1. Select the stock broker or firm. Make sure that the broker is reputed and will take your orders in a timely manner because time is of utmost essence in the stock market. 2. Compare brokerage rates that are the fees charged by the broker for processing your orders. Discounts are given on the basis of the amount of tra...