How to start trading online

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.

Four steps to start online trading in India

Step 1. Find a stockbroker

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 Securities, 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 Financial Securities Limited 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 Financial Securities offer a flat fee per trade which can help you save the cost considerably.

Step 2. Open demat and trading account

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 Financial Securities, you can open an account by following the below steps:

  • Visit the account opening form link.
  • Enter KYC details, such as name, email id, PAN No., DOB, etc.
  • Enter address and bank a/c number, IFSC and account holder’s name.
  • Upload POI (proof of identity) and POA (proof of address) documents.
  • Choose a “subscription plan” that suits your needs. Choose “Freedom Plan”, to open an account free of cost.
  • Upload a “selfie video”
  • Complete “e-sign” by submitting the OTP sent to your Aadhar registered number.
  • Once you submit, you will shortly receive login credentials for your demat and trading account.

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.

Step 3. Login to your demat and trading account and add money

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 Securities 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 Securities platform, follow the simple steps mentioned below:

  • Login to Bajaj Securities app
  • Click on Menu
  • Click on Limit/Fund Transfer
  • Click on add funds
  • Choose your mode of transfer (UPI is fast)
  • Choose your linked bank account
  • Enter amount, select mode, and add funds
  • Complete the process of fund addition on your chosen mode

Step 4. View stock details and start trading

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 Securities 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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Frequently Asked Questions (FAQs)

Trading online has never been safer. With secure measures in place for online trading platforms, you can trade and invest without worrying at all. To make the process more secure, stockbrokers now use T-PIN based authentication generated through the CDSL platform. This is a one-time-user generated PIN, that is used to place a sell order. Once the authentication is done, you can seamlessly place sell orders. This is an option available only with brokers who have their accounts with CDSL.

Stock investing is completely safe for beginners if they keep a check on their emotions and manage risk appropriately. Beginners should not get carried away with the opportunities that share market presents, during its volatile rallies. If you invest after researching and take help of various expert-based research tools like PickRight on Bajaj Securities, your journey gets even more simplified.

Stock trading is accessible to everyone and with a little bit of effort in learning the terminologies along with other analytical methods, you can trade quite easily. With brokers like Bajaj Securities, who provide detailed insight on every stock with tools like “scanners”, you can filter out stocks that are in the trading zone and take your positions comfortably.

Stock market has emerged as the most prominent way of growing your wealth. With rising inflation, rate hikes, and depreciating return on investment (ROI) in traditional instruments like FDs, beginners have found solace in the stock market. Especially when complete beginners have access to expert-researched stocks, it is an ideal start in the market for beginners.

  • Choose the right broker and reduce your costs. A SEBI registered broker that offers you a simple user-interface, and diverse options to invest is an ideal choice.
  • Once the stockbroker is finalised, the next step is opening a demat and trading account. It takes hardly 15 minutes to open a demat and trading account. You can then link it to your bank account and deposit funds for trading.
  • Pick stocks that you want to trade in. You can choose stocks by analysing their trends, past performances, liquidity etc. Once the stock is finalised you can now place your buy and sell order accordingly.

The reason every investor is turning towards the stock market is because it allows investors to invest the way they want and with their desired amount. There is no cap on investing in the stock market. You can invest basis your capacity and start as small as Rs. 100. With Bajaj Securities, you can get features to help direct your investments in the right direction. Start Investing Now!

The benefits of online trading and investing are aplenty. Trading online gives you the ease of trading on your own from anywhere. It saves time and gives a far better experience. In the earlier days, you had to call your broker to place an order, resulting in delays and missed market opportunities. Now, you are just a click away from placing an order.

No, you don’t have to be experienced to start trading online. It is a skill that anyone can acquire with time if they have the right pedigree. There are several platforms where you can learn trading online. Take your time in understanding ways to analyse the market, read charts and patterns and use other technical tools that can help you as a trader.

There is no minimum threshold to start trading in India. You can start with any amount you wish and trade as per your convenience. You can decide the amount as per your risk-taking ability. You should not risk more than you can afford as it can impact your overall finances.

© Bajaj Financial Securities Ltd