Stop Wasting Time, Start Trading – Everything You Need To Know About Trading- India

Stock Market in India seeing a new up rise in terms of clients and subscribers. In past few years steps taken by SEBI – Regulatory Authority in India are very discouraging like removing the changing the margin rules.

Nonetheless, the discounts brokers in India are seeing a rise in client base every month. There are many possible reasons for that like lockdown trading, aggressive marketing strategies, sub broker partnership and many more…

If you are someone who is interested in making money in stock trading and investing and you think that you have the psychology of a trader then this article is for you.

You can open your trading account here –Upstox, Zerodha

In this article we will cover all the requirement for starting a trading career, we will also try understand the dos and don’ts will trading – India specific!
Account Opening
  1. Bank Account
  2. Trading Account
  3. Demate Account

Trading account is the where your broker provides the trading terminal where you can initiate trades and buys stocks and commodities.

In order to open a Trading account and a Demate account in India you should have…

  1. Aadhaar card (linked with mobile for fast account opening).
  2. PAN card
  3. Bank details
  4. Mobile number
  5. Email Address

Right now account can be opened for INR200 to INR750, thanks to different discount brokers.

Popular Brokers in India – Upstox, Zerodha, AngleBroking

Account opening is fairly simple over these broker panel specially in Upstox, you just need to keep following the steps and if stuck you can always look for the FAQ section or call the support center.

What next?

Once you open an account you can start trading or investing.

Types of Trading you can do, depending on your style and psychology.

  1. Intraday Trading

Intraday is the style of trading in which an assent can be bought and sold within one market session which is from opening of the day till closing. This type of trading mainly required technical analysis and entirely based on chart patterns, Indicators and market trends. For charting you can use tradingview.com.

In intraday trading trader enjoys the margin and leverage, which mean trader can buy more assets in intraday for same amount of money than a swing trader or an investor.

2. Swing Trading

Swing trading is the type of trading style in which trader buys an asset for some days to few weeks or few months duration. There is no leverage in swing trading and both fundamental and technical analysis are used to predict the behavior of the asset.

3. Investor

Investors are those people who buy assets and keep them in their portfolio for long time as their “investment”. They are less interested in making quick money but to get steady returns.

Rakesh Jhujunwala, Radhakishan Damani, Vijay Kedia are some of the India’s biggest Investors.

What is being sold in the market – NSE,BSE,MCX

NSE – National Stock Exchange, BSE – Bombay Stock Exchange, MCX – Multi Commodity Exchange are the major exchanges in India and majority of brokers in India trade with all three.

What Are The Assets To Buy And Sell

  1. Stocks
  2. Future and Options
  3. Commodities – Gold, Silver etc.

Before Investing and Trading What Should A Trader Know? The Basics

  1. What is the nature of trader inside you. Intraday, Swing or Investor.
  2. What is the risk you can take with your money.
  3. How prepare you are to step a foot in trading.
  4. You can make money but you can also lose.
  5. How much analysis have you done before taking a trade.
  6. When someone makes money, the other person loses.
  7. How good is your money management.
  8. What next if you lose your money the first you try trading – How can it impact your life.

These are the questions new traders with having an experience of zero to few months should ask themselves.

Trading is something in which a lots of people make a living but not everyone is successful, Either you can ignore it or explore it but if you truly think you can be a successful trader then your journey should always start with a trading account – Open Your UPSTOX Trading Account

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