In this article we will talk about your trading journey like how you can start trading in stock market, what are all the possible ways and we will also talk about the top trading strategies in our other article to make your journey more profitable.
Now every wanna make money thorugh stock market but they dont wanna learn by giving their time but most people don’t understand this world and are afraid of doing trading. The truth is that if you have the right information and adopt the right method or skill, then it is absolutely possible to make money through the trading in the Indian stock market.
In this article, we will explain in a very simple and straight forward way how to start trading in the stock market, what steps to take, and what things to keep in mind. Even if you are a complete beginner, this guide is for you.
What is the Stock Market?
Where all the share of all the Indian companies are listed and you can buy and sell them when you need, called Indian Stock Market. There are 2 major exchanges in India and SEBI regulates all these major Indian stock market exchanges and it means when buy shares in a company, you acquire a small ownership stake in that company.
The stock market operates in two main parts:
- IPO Primary market: where new companies sell their shares for the first time (IPO)
- Secondary market (STOCK MARKET): where old shares are bought and sold every day
What is trading?
Trading means buying shares for a short period of time and selling them after a while to make a profit in between. There is 2 types of trading as mentioned below:
- Short term (Intraday): Short term or day trading called intraday when you just buy or sell for a day or within a day.
- Positional (Long Term): when you hold a stock/ share for a longer period or for a long time called positional.
For example:
If you bought TCS shares at ₹3,500 and sold them at ₹3,600, you made a profit of ₹100: that’s trading.
1. Get a PAN Card and Aadhar Card
The most important things to invest in the stock market are:
- PAN Card
- Aadhar Card
2. You Need a Bank Account
- You need a savings bank account from which you can deposit and withdraw money in the stock market.
- 6 month bank statement
- signed and sealed copy
3. Open a Demat and Trading Account
To work in the stock market, you need two accounts:
- Demat Account: In this, your purchased shares are stored in digital format.
- Trading Account: Through this, you buy and sell shares.
You can open this account with any brokerage firm such as:
- Zerodha
- Upstox
- Angel One
- Grow
- Dhan
- 5Paisa
- Kotak Securities
4. Complete KYC
- After opening the brokerage app, you will be asked for KYC documents, such as Aadhaar, PAN, photo, and signature. All of this must be submitted online.
- For most firms, the entire process takes 10 to 30 minutes to complete.
5. Log in from the mobile app or web platform
- You can now start trading by logging in from the mobile app or website.
How to Use Time for your benefit in the Stock Market
If you want to be successful in the stock market, it’s very important to learn the new skills to gain more skills. You should review your portfolio every day before 9:00 a.m. and you should review what needs to be done, what kind of market it is and what can be done to get a success trade. If you pay attention to this time, you can make good profits.
Define Your Trading Goals in Advance
Start trading in Indian stock market without learning the right skills and basic knowledge of stock market so, every time you start trading, decide in advance how much profit you want to make and how much loss you can tolerate. This is called Target and Stop Loss. This will help you control your emotions and avoid making bad decisions.
