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Guide me to market...

Sonia Modi (Articleship Trainee) (70 Points)

17 November 2012

Please guide with some tips to enter Stock Market.

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Abhimanyu Bind (CA Final Student & Audit Assitant) (2051 Points)
Replied 17 November 2012

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

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Sonia Modi (Articleship Trainee) (70 Points)
Replied 20 November 2012

was a very brief n clear idea...

thanks a lot...

Abhimanyu Bind (CA Final Student & Audit Assitant) (2051 Points)
Replied 21 November 2012

You are most welcome. Actually that was the way through that I started one year ago. Was thinking to enter since last four years. Still only investing, couldn't go for trading like future and option segament. But will soon enter after preparation.

Anyways, please share your experience and doubts if any after doing above process.

Regards,

Abhi