People who trade know that brokerage kill a lot of profit and even have the potential to convert a profit call in to a loss. There are many brokers in India, not every broker is a discount broker. Brokers levy huge commissions for providing the platform for trading in the stock market.
As technology has advanced people have now started using apps and website accounts for setting p their trades themselves; however, this was not the case a few years ago. When the internet of everything was not so popular, everybody used to call their brokers and setup their trades. Brokers were solely responsible for setting up trades of every customer’s account they hold. In lieu of this service they charge a fee known as commission.
Brokerage is applicable today as well, but it has considerable reduced compared to the earlier times. People who set up frequent trades or who trade every trade should try and place their orders themselves using the web interface of their brokers. Brokers provide a log in Id and password to all of his customers with which they can access their account and place orders themselves.
People who are frequent should manage their orders on their own as it gives an individual freedom from the mistakes of the broker and also lets you monitor the real-time status of your trades.
Trading in the stock market is very easy. Let’s us see a detailed process of trading in the stock market:
- First of all, you need to open a demat account
- Once your demat account is opened study the platform on which you will be trading
- Initially you must try to place simple buy and sell orders
- Soon, you will understand all order types and how to apply them on your trade
To open the demat account you should choose the best broker in India. It will not be that difficult to find a good broker. You can aloe opt for zero discount brokerage. The brokerage rates are cheaper compared to other brokerage firms.
Investing in the share market is highly lucrative and promising. But it can only be achieved if you are investing correctly. If you make a mistake you have to bear the consequences. There are a lot of things you should see in your broker before finalising him.
One of the main things you need a check is the brokerage charge. You can compare the market image of the brokers depending upon the rates they charge and decide accordingly. Another thing that you must know about before opening an account is the tips. Most brokers generally give tips every day so that their customers take home some profits.
Once you have the broker finalised, it almost done. You don’t need to do anything else. Just complete the formalities involved in opening the account and soon in a couple of days you will have access to trade in the stock market. You can then buy and sell whatever shares you wish. Finding the right broker is essential for a successful trading Index