Online trading is the act of buying/selling different financial instruments using Internet and to do so it is required to have an online trading platform which is offered by brokers. Stock trading can help in earning profitable returns if it is done in the right way. As we know that stock Market is of highly volatile nature while trading in market Traders and investors needs to face various ups and downs. With the introduction of online trading, trading in stock market has become more convenient.
Pehla tradeoffers TradIn Blaze – an online trading platformusing which traders can trade in most innovative way.
Following are some important steps which you need to follow to trade online and build an online trading portfolio :
1) Select your broker
Selecting broker is the first step to begin online trading. Prefer to go for broker who has a good reputation and with whom you can easily communicate in case of any difficult. Also ensure that your broker facilitates you to have simple and secure trading experience.
2) Open Demat account and trading account
You can open your Demat account and trading accountwith an online brokerage firm. After completing the process of opening account brokerage firms provides with a log in and password. It is recommended to change your default password to ensure secure trading.
3) Learn about trading platform
Brokerage firm with which you open your account will offer you a demo to understand the entire procedure like how to use its trading platform, what are different trading tools available, what extra features are offered and more. Traders should go through this demo before beginning to trade online.
4) Practice online trading
You can use online stock simulators to learn online trading. Since they are simulators losses you make are not real. It is great way to practice trading and also helps in identifying mistakes which you tend to commit.
5) Draft a trading plan
Once you learn about market concepts and trading platform, next you need to do is identify trading strategies which can be helpful in achieving trading goals. Also learn about your risk bearing capability and accordingly set limits on the amount of loss.
Traders can consider above mentioned points to make online share trading more convenient and simple. Pehla trade is among growing discount brokersoffers online trading platform Tradin Blaze which is most convenient to use. We offer all technical charts and live trading calls on our trading platform itself using which traders can test their trading strategies. Along with this we facilitate traders with advanced feature of trading on charts itself i.e they can trade directly by clicking on charts. Join us to improve your trading experience and save your huge brokerage cost as we charge flat Rs1 per executed order for beginning one month.