LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Stock market trading

CA Bijay Shrestha (Never Give up....No matter what....) (858 Points)

09 July 2016

Dear Friends,

Please suggest:

How can one start trading in Shares/Stock? - Any procedures (following legal way)

Generally if one starts trading through brokers, they only do all buy/sell transactions (like which shares to buy/sell etc.) and also charges fees, brokerage etc.

If one wants start trading on his/her own, how can he/she proceed?

What are the documents required?

Please advise.

Reply
Follow
Share

5 Replies

Rahul Solanki (Sr. ) (222 Points)
Replied 27 September 2016

If you’re interested in earning money from the share market. So I suggested you firstly, you need to open a Demat account or trading account. You can open this trading account via brokers or banks or agents etc.. To open Demat account, you required some important document such as Photo ID proof: 3 copies of either a Voters ID / PAN Card, Passport / Driving License / UID (Aadhaar) are required as the your photo identity proof. If you don’t have a PAN Card, so, you are not eligible for open the trading account. In Deamt account you can hold your all buying shares and In trading account, you can buy & sell every share from this account. But nowadays many banks or broking companies has provided single trading account. In which you can hold your share’s or trade them at any time. After opening the trading account, broker provides you a trading software with your user id and password. So now, it’s depend on you, you can trade yourself or by using a broker.

There are many brokers and advisers are available in the marketplace. They can provide you Free Stock Tips , Live Commodity Tips, nifty tips etc. If you are new trades and want to trade in share market, so I suggest, you can join this and take a free trial and understand them.

1 Like

Akash (CA Final (2nd Group Pending)) (876 Points)
Replied 28 September 2016

Its All Automated Now. Broker's Role is just limited to opening of Account. You can trade yourself via Web, Mobile. Open Trading DEMAT Account who charges less brokerage and there are no hidden charge.

1 Like

TESORO CONSULTANCY (148 Points)
Replied 29 November 2016

The following you tube videos will be useful...

https://www.youtube.com/watch?v=jj-KbcQF94E

https://www.youtube.com/watch?v=OAh3wsCBLzc

1 Like

manasi (Student) (22 Points)
Replied 02 July 2018

Most beginners in stock trading are confused or curious how to go about it. First you need to open a demat and trading account. After this, visit Trade Smart to get a hang of the different transactions. Find a good online broker and start trading with small amounts.

yasaswi gomes (My grammar is 💯 good I) (7290 Points)
Replied 30 May 2021

I have this trading iPad app which shows infra day, monthly or long term trend analysis. Can someone tell me, the indicators and how to use them to analyse data? Eg NIFTY, NSEI, BSE ETC.