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How can good trading apps improve your profits?

gena (marketing) (21 Points)

14 June 2022

To know more about trading apps improve your profits

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9 Replies

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 14 June 2022

Technical indicators may help to some extent. But no trading apps guarantee you make profits.

CA Rashmi Gandhi (Chartered Accountant) (86500 Points)
Replied 14 June 2022

No trading app guaranteed profits.

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 14 June 2022

Keep learning to keep earning.

Do paper trading and which can improve your profits

MPR Sanjay Kumar (3145 Points)
Replied 14 June 2022

What is the cash withdrawal and cash deposit limit as per Income Tax act? what happened if I exceeding that limit it is any taxable charge

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 14 June 2022

Refer Section 269

CA Rashmi Gandhi (Chartered Accountant) (86500 Points)
Replied 15 June 2022

There is no such limit in income tax

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 15 June 2022

Might be cash payments

raj (marketing) (24 Points)
Replied 15 June 2022

Everyone has become a potential trader as more and more cellphones land in the pockets of a large number of individuals, and the internet's reach stretches far and wide. In fact, as stock trading becomes more digitised, it has become more accessible and simple. Here is how trading with an online trading app enhances try your profits:

1. They are pocket-friendly

Trading with an app is more cost-effective than using a stockbroker. In a traditional trading method, the stockbroker's advisory fee or commission is substantially more than the amount charged by robo advisers. For instance, trading IIFL Market App can save you a lot of bucks as their brokerage charges are probably the least in the entire segment.

2. Keep track of your investments at any time

Online trading allows you to buy and sell stocks whenever it is convenient for you. It has modern interfaces and will enable investors to track the performance of their money throughout the day. You can calculate your profit or loss using your phone or PC.

3. There will be no intermediary

With a trading app, you can save money on broker fees while limiting your interaction with brokers. Investors can select from a host of portfolio recommendations offered in the app based on intense research and rigorous analysis.

4. Transactions are faster

Online banking is convenient and quick. Investors can transfer funds from accounts in a matter of seconds. Adding and redeeming money from the trading account occurs within a blink of an eye. A simple click of the mouse is all it takes to purchase or sell stocks. This allows for a faster exchange, potentially resulting in more immediate earnings.