Trading in share markets has largely become online today. If you are deeply interested in making investments in trading online, then you will need to have a clear perception of the way the business works. For newbies, making a distinction between online and offline trading is always a difficult one. Here are some tips which can help you considerably once you start off trading online in India :-
To start making investments in online trading, you will first need to register for membership for an integrated online trading account which is 3-in-1 with a reliable service provider. These three types of accounts are trading account which enables you to make online transactions, a bank account which is internet enabled to make money transfers online and a demat account in which your shares will get deposited.
Important things to check while selecting an online investing account
Here are some important things you will need to focus upon while selecting an account for making online investments :-
Credibility and credentials – The support of a famous bank or financial institution which offers extra safety.
What type of investments can you make online-Are you enabled to make investments in mutual funds, equity shares and IPOs completely online or in just one of them?
Quality of details and contents-Make sure that you get the best details, research support and the tools which are offered to you in a simple, reader friendly manner.
Speed with which order is executed – Are you able to position your equity orders and get quick confirmation of orders during the peak hours?
Are you getting a selection of online products to select from – There are a number of service providers of online trading in India who offer a wide selection of products-starting from basic(classic) account to the ones which are more advanced. The latter includes trading platforms which offer live streaming market details on equity markets.
Safety-Select from security features that are inbuilt within the system.
Customer Care – Does the service provider offer a dedicated customer care cell for taking care of all queries and issues.
Apart from these, there are many other features which you will have to take into consideration such as ability to sell shares a day after following receiving delivery, intra- day trading in equities, SMS alerts etc. based on the needs of your investment. You will also need to take into consideration these features.