If you are looking for a guide or best post to learn to start Trading and Investing in the Indian Stock Market, then you have arrived at your destination.
In this post, I will show you how you can start your journey from 0 to infinity in the stock market.
I will also tell you how I started this stock market and what are the issues that I have faced at the beginning of my journey.
So let’s start–>>
First of all, you have to have a proper mindset about your goals before starting this journey.
You should fix your mind whether you want to stay on this journey for a long time and gain consistent income or you just want to earn quick money in a fast way and get out of the market.
If you have made up your mind then let’s get started.
Starting and opening a Stock Market account.
To start investing and trading in the Stock market you should have an account in which you can buy and sell shares or stocks.
That account is called a Demat account.
A Demat account is nothing but an online broker that allows you to buy and sell shares of different companies through their online portal.
These brokers are called discount brokers.
There are other brokers as well, called full-time brokers.
You can hire a full-time broker, and whenever you want to buy or sell shares you can contact that broker and that broker will buy or sell those shares on your behalf.
That broker can guide you about which stock to buy and which stock to sell.
Pretty amazing right.
Well yeah, it is good, but their fees and charges are very high.
They take some percentage of your total trades which can be very high sometimes.
On the other hand, there are these discount brokers you charge very little as compared to these full-time brokers.
So I will be talking about these discount brokers in this post.
A Discount broker.
So if you want to start your journey with a discount broker then please keep reading.
A discount broker is nothing but an app in your smartphone or pc that will be used to buy or sell shares in the Indian Stock market.
You just have to open an account with any broker that you like and start trading and investing.
That account is called a Demat account.
We will read about the Demat account further in this post.
The Demat Account.
A Demat account is like a bank account you can deposit and withdraw funds or money in this account.
In a Demat account with your deposited money, you can buy stocks of different companies listed in the Stock market.
To open a Demat account, you need some documents with you.
- Adhar card
- Pan card
- Bank account(Passbook/cheque book)
- Mobile number linked with adhar card.
These are some essential documents that you need while opening a Demat account.
Now you just have to choose a discount broker for you.
After you have chosen a Demat account you just have to sign up using your phone number and then just follow the instruction given there.
All those instructions are very easy to follow still if you face any problem do let me know and I will guide you with the whole process in a very easy manner.
If you want a dedicated post regarding which stockbroker to choose, do let me know in the comments, I will surely help you all.
So I hope you have opened a Demat account successfully.
Now it’s time to add some funds to that account.
After adding some funds just head to the watchlist section and search for your preferred stock to buy.
That stock can be of your choice or idea from someone else.
You can select the amount that you want to invest in that stock or you can go full.
After buying that stock you can check the progress of that stock in the portfolio tab of your app.
You can monitor that progress daily and exit any time you want within trading hours (9:15 AM- 3:30 PM) from Monday to Friday.
I think that will be enough for today.
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Still if you have any problem, complaint or suggestions mention down in the comments. I will try to solve them.
See you next time, till then Keep calm and Keep learning.