CA Final Student & Audit Assitant
2051 Points
Joined February 2010
Well, its required a lot of care and knowledge to start investing or trading in stock market. For learning purpose, you create your id on www.moneycontrol.com where you can create your portfolio with virtual money and can trade in market time.
In reality
Very first you must have a dmat account. Which can get as per your convienint, means if you want to handle your dealings by yourself then better have a saving account like Kotak Bank, Axis or ICICI Bank and with that you can also ask for dmat account linked with your saving account. ( I have dmat with ICICI Bank).
Or simply you can also ask to brokers like ANGEL, SHAREKHAN etc. Where they will manage your account on behalf of you.
(1) Trading -i.e. Future options, intraday under which you trade without taking deliveries but for that you need lots of study and enough cash to give as security deposit.
(2) Investing- you can buy shares when they downfall and for knowing that you have to keep watching on share market constantly. Few of my favr8 shares are, L&T, SBI and few other banking shares.
There are lots of things needed to know which is not possible to write here. First take some experience with that website which I given above then go for real.
Please ask if you have any more questions.
Regards,
Abhi