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Questions (FAQs) on
What is the Share Market?
Share Market or even called Stock Market refers to a market where the buying & selling of shares take place. The stock market have many exchanges but the 2 topmost stock exchanges are :
National Stock Exchange (NSE)
Bombay Stock Exchange (BSE)
There are 8000+ companies which are listed on these 2 exchanges and you can buy or sell the shares of those companies at NSE or BSE.
What do I need to do if I want to do share trading ?
For trading in share market, you need to have a Demat & Share Trading account. You can open a demat & share trading account with bank or brokers. All the buying & selling of stocks gets routed only thru your demat & trading account. In order to open this account, you first of all need to find a good broker. The most ideal way is to find a qualified & certified Share market advisor and work only thru him. You must check that your share broker is licensed by the exchanges and is authorized for the business.
How do I find the right stocks to buy & sell ?
While doing stock trading, you need to spot 2 things : One, the right stocks to buy or sell and Two, the right price level to buy or sell. Well, these 2 are the most difficult things to do as well. It takes good of amount research, historical data analysis, decoding the technical charts and understanding the market sentiments to be able to be good at stock trading. You can’t be doing all and that’s why it is imperative that you hire a Share Trading advisor or Investment Advisor you guides you through the most complicated phases of share trading. Remember share trading is not difficult but being on the winning side is and that requires an expert share trading advisor to assist you.
What are discount brokers & full service brokers ?
A full service broker is the traditional brokerage service where your broker offers you services like trading software, extra margins, flexible limits, trade on phone, door step services etc and in return takes brokerage from you at a pre-defined %age rate of your trading volume.
A discount broker is the flat fee brokerage service where you broker offers you trading platform or mobile app and no additional frills or fancies are provided. But you get a discount on the brokerage rates that you pay and rather you are charged a flat fee of some X rupee irrespective of your trade size or volume.
What are some of the most popular Discount Brokers?
There are a no of discount brokers in India and their offerings differ on many parameters. In terms of seamless online trading app & good user interface Zerodha may be ahead but it has a plethora of hidden charges such as call n trade fee, contract note fee, fund transfer charges etc, so you don’t get transparency in pricing. Some other discount brokers like Upstox, Tradesmart, Tradejini, SAAS etc all follow the same model, though the pricing may differ by 5-10% margins. A very different product line is being offered by a broker RMoney (Raghunandan Money) which claims to offer a serviced trading account at the price of discount brokerage plans. So they claim to save your money yet not compromise on facilities.
Buy it would be wiser for you to make a detailed comparison before opting to trading with any broker be it discount or a serviced broker.