By now you might have gained some knowledge required to start up with stock market. Now what?? There are a few basic requirements that need to be in place before you could start the process of buying, holding and selling shares. The basic things you need for getting started are: Demat Account, Trading Account and a Bank Account.
Needless to say, a Bank account is required for carrying out various financial transactions associated with trading of shares. A normal Savings Account is enough and nothing additional needs to be done with the Bank account. Nowadays trading is done electronically. Its more like an bank account, with the difference being that instead of cash it holds shares.
Initially open a demat account with a stock broking company and you can right away start buying shares after your account gets activated. The brokers might help you with the process. When shares are bought they are deposited in your Demat account and if shares are sold, they are reduced accordingly from your Demat account. A Trading account is required for you if you wish to trade i.e. buy and sell shares in the stock exchange in a single day.
Now you are all set to buying and selling of shares! Go ahead and start up. I advice you not to invest lot of money initially. It will take practice through trail and error, but eventually you’ll begin to get the feel and gradual flow of a investing momentum all of your own.
I wish you happy trading!
