Are you thinking of stock market investment? The prerequisite is the opening of trading and Demat Account. For that, you need to choose an appropriate online stockbroker who matches your trading requirements.

Before telling you what to consider while selecting the best online stockbroker, avoid making the following mistakes –

Do not opt for brokers that your closed ones have been using.

Do not get influenced by advertisement campaigns.

Do not entirely trust the broker executive over a phone call. Verify the facts.

Now for selecting the best broker, consider these aspects –

Select the type of broker you wish to invest in – discount or full-service brokers.

Full-service brokers charge a percentage of your trade value while discount brokers charge a fixed rate.

The trading platforms play an essential role, i.e. the interface should be user-friendly.

Full-service brokers offer daily tips and recommendations, but a few provide accurate advice.

Very few brokers offer a range of trading and investment segments such as mutual funds, IPOs, and ETFs apart from equities, commodities, and so forth.

Ensure to do a background check and research the broker.

The best online trading platforms in the market are Angel Broking, Karvy, 5Paisa, Sharekhan, and so forth.

If you wish to start investing in the stock market, it is instrumental in gaining an understanding of stocks and shares. Regular investment, along with the eliminating financial risk, can help you save significant money over time.

The following stock market guide and advice should assist the beginners to save funds for the future –

Set long-term goals as you benefit the most while investing in stocks and shares.

The risk levels associated with the chosen investment option must be analysed before putting your money in it.

One of the primary and essential requisites of investing in the stock market is keeping your emotions at bay.

Before investing, study the basics of the stock market guide, including the different securities that form the market.

Maintain diversification of stocks that are primarily done by expert investors after all the research gets done.

The Indian share market includes two primary stock exchanges – Bombay Stock Exchange and National Stock Exchange. All the depository participants are registered with NSDL and CDSL. The stock market guide does not offer any magical formula to make a huge profit in the exchange.

However, the following techniques and tips should help you out. They are –

No share market investment can take place if you do not have a trading account in place.
Some brokers also offer a Demat Account along with the trading account where the securities can get stored electronically.
Make sure both these accounts are linked to your bank account for the debit and credit to take place.
Select the right investment broker, especially someone registered under SEBI.
Set your risk tolerance level and begin an investment.
Always go for low-risk products initially.

Gradually, diversify the portfolio, and once you get stable, you can invest in high-risk products.

Apart from mastering the trading skills, stock trading is also about knowledge. You need to be thoroughly aware of the company you are investing in. You should be mindful of the trade you are putting in and learn how to trade them.

The stock market guide suggests some ways for you to become a better and informed investor. The methods include –

The stockbroker website often contains the FAQs and essential glossary terms. You can go through the same.

Brokers want their clients to engage more actively, and varsity is the place where you can use the interactive tools for understanding the concept better.

You could also try out online trading games on the stockbroker portal.

Then you have India’s stock exchanges like NSE and BSE offering stock trading courses online.

Make sure to read through the research trading reports offered by the brokers on their website.

Newbies can find investing in stock market exciting and rewarding when they follow the guidelines of share market basics for beginners. Following are some basics –

1.There is a whole lot of information available on the internet, which states the basics of the stock market. You can also find useful information from service providers offering trading and Demat Account.
2.While investing, it is essential to enter the market at the right time, especially when the shares are trading at the lowest level.
3.Investors should be prudent about how much they wish to invest in each financial product.
4.Investors must track the performance of various products in your portfolio regularly.
5.Do get disheartened for making an erroneous decision. It is a learning experience.