Those who trade in the stock market know the ins and outs of it. But what if one wants to go for it and does not have any information about the same? Well, he can get the information from different sources. The share trading is not a cup of tea of every individual. However, the requirements for trading in this market are not that high, and hence, it is much important for an individual to know it. In such situation, one can go for some of the courses available in the market and start small scale trading in the initial phase.
How to start trading?
Once the trader has got the knowledge he needs to get an account opened. At this stage, one needs to know that he must trade on his own and not to fall into the traps of tips provider. In the market there are many people who circulate false information in the market and one who follows these tips may fall in the trap of such people. That is why it is much required to have the knowledge of the trading as well as analysis and chart reading for an individual. The brokerage is also a serious concern, and hence it is better to get an account with zero brokerage. However, it is a little difficult to find such a service provider as the brokerage is the main source of earning for the brokers as well as the broking companies. However, there are some brokers as well as companies that offer such a plan, but for that, the client needs to search and get an account opened with them. If they offer online account and one has the facilities for the same, there is no problem, but if one wants to get an offline account and the service provider does not have a branch in the concerned area, there can be problems.
The share market has various segments in which one can trade as per own preference and knowledge. However, there are also some important aspects one needs to consider while choosing any of the segments. One needs to look at the profit expectation, capacity to take a risk and employ capital as well as the time in which he wants to book the profit. In case of quick but limited profit one can go for intraday in cash segment, but if he needs to create a wealthy portfolio, he needs to have trading in the delivery segment. He can also go for the derivatives where the opportunity to have a high profit is more with more risk and more capital. Here the trader can have more period also as there is expiry date of every contract. Hence overall it depends on the profile of the client what sort of trading account and segment he needs to go for.
There are also some areas where the brokers offer low brokerage rates such as in the case of a new branch, and the client can take benefits of such schemes from brokers as well.