I don't know how and where to start with. Cud anyone please give me the prerequisities and steps in investing in stocks.
Can i be able to work on stocks all by sitting just in front of my computer with a internet conenction.??
2007-12-27 18:44:08 · 5 answers · asked by aravind_mib 2 in Business & Finance ➔ Investing
First of all open a Demat account either with a Bank or a Broker (eg ICICI Bank ; http://www.icicidirect.com , Sharekhan; http://www.sharekhan.com , India bulls etc).
Then slowly start investing in IPOs which are relatively safe and give good return on listing. As you go on you will get a feel of market and then you can start investing in secondary market.
Regarding tips, so start watching CNBC TV18, NDTV Profit, CNBC Awaaz and Zee Business. They have very good coverage of stock market, and some of the program discuss stocks in detail where you can even ask questions related to stocks. It helps a lot in deciding where to invest.
Furthermore you can also invest in mutual funds, which donot give as good returns as the market, but the risk component is very less and the returns are quite decent.
You can also go through the following websites to get more info on share market
http://www.rupya.com
http://www.chittorgarh.com
http://www.valueresearchonline.com
http://www.moneycontrol.com
2007-12-27 19:21:05 · answer #1 · answered by Anonymous · 0⤊ 0⤋
First you need a bank account with money in it. Then you need a broker preferrably a cheap one like scottrade.com. But first you will need practice so go to to investopedia.com and set up a fake account with them and they give you $250,000 to start with. But even before you do that you should sign with teach me to trade at tmtt.com which is a stock market trading introduction class to see if they are coming to a city near you and they give you free guides and computer softwares. You can work on stocks by sitting in front of the computer with internet it is very desirable. You will also need technical analysis tools to help you the stocks you'd like to buy.
2007-12-28 02:51:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You need a stock broker .
unless you have enough money to loose and make money on the lose your best is to stay away from the stockmarket trap
2007-12-28 02:48:36 · answer #3 · answered by Robert F 7 · 0⤊ 0⤋
the best place to start is in hell, satan knows a lot about that you should ask him
2007-12-28 02:47:17 · answer #4 · answered by Anonymous · 0⤊ 0⤋
http://www.sharebuilder.com
2007-12-28 02:47:22 · answer #5 · answered by mohammadwasafalseprophet 1 · 0⤊ 0⤋