What do you think should be your first step in Equity Stock Investments? Obviously it’s opening an online demat account or trading account. In India, shares and securities are particularly purchased and sold via electronic mean in a dematerialized (or more popularly known as “Demat”) account, instead of the investor captivating physical control of documentations. Online Trading account is an account apprehended at a financial institution and oversaw by an investment trader that you will use to service a trading tactic marginally than a buy-and-hold investment strategy.
Online trading is a unique model, made to facilitate investing and trading. There was a time when the investors had to go to the broker at the stock market, which is also known as floor trading. Evolution of online trading became evident due to the presence of several hindrances such as busy phone lines, locality restrictions, miscommunication between the parties. Today meeting the broker in person is not mandatory at all, all you need to do is having an online account and the intelligence to make worthwhile judgements while selecting the stocks. The online trading company you are allied to and are having account at; inevitably functions as your broker. Furthermore whenever an online trading is practiced, every bit of data becomes an utmost important factor to make the right judgement which is demonstrated on the display via alerts, charts, real time data and stock market bulletin.
Well said Vikas,
In today’s date, it is a must to have a Demat account, it’s as important to have one as much as a bank account.