How can I invest into share trading????

Question

I am not aware about this at all & I want invest little money as i am fresher in industry .I have pan card . Please advice me for the same

Answer 1

First thing is to gain enough kowledge about how share markets work in general. Second learn about the indian markets in particular - u can do that by watching CNBC, ndtv profit, www.moneycontrol.com, multitude of magazines (outlookmoney, dalal street etc etc).Having a good understanding is a must before you start investing your hard earned money.
And to actually start buying/selling shares, there are many online trading sites. You can open account with any of them. www.motilaloswal.com, indiabulls, sharekhan, icicidirect,kotaksecurities,hdfcsecurities etc. Getting an account with any of these will give you an internet access to buying and selling shares (along with a demat account at the back end where the shares u buy are stored). You also need to hav a bank account from where the money for transactions would come.
You may/maynot be charged for opening an account (ask around, they mostly waive that off) plus they charge you a percntage of each transaction you do. So you should compare the transaction charges to decide which online account to select. IMO, icicdirect happens to charge the most - so avoid. The rest you can talk to thier representatives and find thier rates.

Answer 2

Start by considering that share investing is a way
to understand economics and business, and also
social psychology. To make (or lose) money is, at
least at the start, a side effect. Therefore:

* Go see your bank as suggested by other contributors
* But don' commit too much, the goal of many banks is
more to sell than to help.
* Invest little at the start, just to get practical experience,
consider yourself as an apprentice
* But read books and mags on the topics to understand
better what happens,
* See truly educational websites, not those that give you
tips. You will easily make the difference. Start obviously
with Yahoo finance

At least you will get, as a first reward, a knowledge about
* how the surrounding world works and evolves (economics
and finance play a key part in that),
* what makes people tick, in money related matters and
beyond.
.

Answer 3

Prabha,

All the answers given above are in fact very very helpful, and it would be good to follow up.

However, most people are always in a confused state when they want to begin share trading cos there are so many options out there.

So what did I do as a beginner? I made a decision not to trust anyone with my money (not even the bank or any mutual fund group), until I actually understood how the whole system worked.

So, in my humble opinion, I'd recommend you begin a personal quest to how the stock market works (globally).

Try www.investopedia.com or search Google. Then come back here and help us with some of our stock trading questions.

A-L-L T-H-E B-E-S-T !!!

Answer 4

You have to open a demat account with a Share Broker and they would give you reliable guidelines as per the Rules as it is obligatory on the part of the broker to explain the risk factors and guidelines. Demat account is somewhat like a Savings Bank Account in the nationalised banks, but deal not with money, but shares.

Answer 5

Neither of those have been penny shares. and maximum individuals ninety 9% of those that did placed money into Walmart and Microsoft offered an prolonged time in the past long in the previous it ever reached 1000000000. people who made the fairly super dollars on Microsoft have been people who have been giving inventory techniques. in all risk the comparable with Walmart. Penny shares do no longer even report monetary statements. how are you going to appreciate if one has even a distant risk of ever being something yet a penny inventory? this is one that would have a distant risk. NVEC on the NASDAQ. It makes products that shop archives utilising electron spin.

Answer 6

You can open an Online trading account with any broker like Sharekhan, RelianceMoney etc but before investing pls watch market for min. 6 month and then try.

Source
http://finance.tipz.in

Answer 7

it is very risky to invest money in shares if you are a new-comer to share market. you must first understand the share-market / stock market basics. With the help and guidance of a good and reliable stock broker you can invest some money into good stocks. It is always advisable to invest into mutual funds where the risk can be balanced and you dont loose much.

Answer 8

Hi .. the simplest way is let the brokers know you are interested in trading.. may be you can register online with sharekhan , they will instantly call you and assit in all possible ways .

Answer 9

Go to any share broker or agent he will guide you better that which share is good and having futue benifits etc. OR

You can log on to http://www.google.com and search there online share trading or share trading with your state name.

Answer 10

Approach any nearest bank which provides
3-in-1 account. (icici, hdfc, sbi, bob, ....)

This is 3accounts---- Dmat, Trading, and bank
Requirement is you have to have some minimum bank balance i.e. 2.5k to 5k.

Sites have all information about trading and how to place orders,and transact.

www.icicidirect.com
www.hdfcsec.com
www.reliancemoney.com
www.sbi.com