Trading is becoming an extremely popular skill amongst Indians. To start trading online, you need a demat and trading account. To open a demat and trading account you just need to register with any online stockbroker in India, complete your KYC and fill in basic details, deposit funds, and you will be ready to trade in the share market.
It all starts with finding the right stockbroker for yourself. Stockbrokers provide you an option to open a demat and trading account. With brokers like Bajaj Broking, it can be done in a matter of minutes.
The role of a demat account is to store shares electronically, and a trading account is to enable buying and selling of shares in the stock market. While choosing a stockbroker, check the Demat and trading account opening charges and the demat annual maintenance charges (AMC). Bajaj Broking provides you with an option to open a free* Demat and trading account with zero account opening charges and zero AMC for 1st year through its Freedom Pack (AMC of Rs. 365+GST is applicable from the second year onwards).
Brokerage charges are a key aspect of choosing a broker to open a demat and trading account. Brokerage fee is charged on every buy and sell transactions. Traditional brokers levy percentage-based brokerage, proportional to the trade volume, which increases the brokerage costs if you trade more often. Discount stockbrokers like Bajaj Broking offer a flat fee per trade which can help you save the cost considerably.
The ease of opening a demat and trading account in the age of internet is unbelievably simple. You can open an account in a matter of minutes. With Bajaj Broking, you can open an account by following the below steps:
Simply follow the above mentioned steps and you will have a demat and trading account in no time, and you will be ready to start trading online.
Once you receive your login credentials, you will be able to login to your demat and trading account. The next step that lies ahead is adding funds to your demat and trading a/c. If you are a Bajaj Broking customer, adding funds is simple with all available fund addition modes. Fund addition will happen through the bank account you have linked with your stockbroker, while opening the account. You can always add more bank accounts with your trading account to make it easier for yourself.
To add funds on the Bajaj Broking platform, follow the simple steps mentioned below:
Once you are logged in to your demat and trading account, you can now explore the share market. Check out various stocks, analyse their prices, check their patterns, and price movements with the help of charts and various other trading tools, select the stock that you want to trade on and place the order.
If you are not sure which stock to buy, Bajaj Broking is an ideal platform for you. You can invest in expert-picked stocks offered in partnership with PickRight. So, as you relax at home, your portfolio can grow in the meanwhile.
You can not only buy and sell stocks, but you can also trade in other ways as well. There are options such as intraday and derivatives that traders use to make more money through the stock market.
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