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What is online Trading and advantages of online Trading

Investing is absolutely necessary these days because savings alone are not enough to achieve all of our financial goals and also to beat inflation.

There are many investment options available and you can choose them according to your needs and comfort. Your investments must start at a young age to get good returns. An investment habit brings a feeling of financial discipline in a person's life because it causes him to allocate a certain amount of money periodically for investment purposes. Depending on your appetite for risk and time horizon to achieve your financial goals, you can choose the right investment option.

There are some financial assets that help you achieve your short-term goals and other assets that help you achieve your long-term goals. In today's busy world, technological developments have made the whole investment process and investment management effortless. Anyone can take full control of investments even through smartphones. You can always stay in touch with the market since investing in stocks requires constant monitoring of the stock market.

Stock market trading has become less slow these days, as it can work on its own without broker assistance through online trading. Like buying groceries online, you can buy and sell stocks online. You don't need to be an expert to start working online, as these trading platforms are easy to use and do not require any special learning. Mobile trading applications have made things easier for the investor or trader, as he can make any transaction on the stock market through their smartphones. You can work from anywhere at any time through the mobile commerce application.

Trading platforms provide all the necessary support and assistance by providing secure real-time access to trading, research reports, stock price analysis, market news, etc. You can buy or sell stocks if you have a trading account and an internet connection. Not only that, you can trade currencies, commodities, etc. Through one trading platform. Online trading platforms help you to operate without any difficulty, as these platforms allow high-speed trading. These platforms have revolutionized the way trade is done. You can simply download it to your system or mobile device and you can startup.

What is Online Trading?

You can place commercial orders or cancel orders as you wish in the comfort of your home. It allows you to make your own decision regarding negotiation without any mediator interference. You can buy stocks, invest in a public offering, or buy mutual funds as well.

Online trading can be done by simply opening a trading account and Demat with any registered SEBI broker. The account can be opened within 15 minutes. The documents required to open an account are a PAN card, proof of address, AADHAAR card, mobile phone number associated with AADHAAR, bank statement, canceled check sheet and passport photo.

The documents issued by the member/broker:

Contract note:

The commercial member or broker must issue the contract note within 24 hours after the transaction is executed. Digital notes are issued for the contract these days. You should review the contract notes regularly and any discrepancies with the broker should be addressed immediately. The broker also issues a quarterly statement of the fund in digital format.

The advantages of online Trading are:
  • It is simple
  • It is less expensive
  • Fast.
  • Full control
  • Chances of error are less
  • Monitor investment all the time
  • Access reports.

Picture Source: Stock Investors

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