Web trading platforms have revolutionised the Indian stock market by democratising access to trading and investing. They provide real-time market data, seamless transaction capabilities, and comprehensive tools for analysis, enabling even novice investors to participate actively. Moreover, these platforms facilitate instant trade execution and offer advanced features like algorithmic trading and portfolio management.
A platform that offers robust features at affordable prices and fosters a community of prudent investors is Share India. Using this platform, individuals can trade or invest in IPOs, derivatives, mutual funds, and stocks from diverse sectors. The online web trading platform offers advanced charting tools and provides market updates and alerts to keep investors informed.
In this blog, let’s learn how to get started with Share India’s web trading platform and keep the trading process smooth and seamless.
Table of Contents
Create Your Account
Creating your demat account with Share India’s trading platform is the first step to getting access to the platform. With these four easy steps, you can create your free demat account with Share India:
- Register: Visit Share India’s website and click on ‘Open Demat Account.’ Enter your email address and phone number.
- Verify: After entering your details, complete the KYC verification process. KYC verification is necessary to comply with regulatory standards and ensure secure and transparent financial transactions.
- Upload: Scan and upload your Aadhar Card and PAN card for identity verification purposes.
- E-verification and confirmation: E-sign your Aadhaar through OTP and add nominee details.
Fund Your Account
After you successfully create your demat account, initiating the transfer of funds from your bank to your trading account is a fundamental step. Select a preferred method to deposit funds into your trading account (e.g., net banking, UPI, cheque, or payment gateway). However, funds cannot be transferred to a ShareIndia account using a credit card.
Navigate the Trading Dashboard
After you successfully create your trading account and transfer funds to it, log in to the platform using your username and password. Familiarise yourself with the simple yet interactive dashboard and layout. You can then start researching multiple investment and trading opportunities.
From a diverse range of stocks, derivatives, and IPOs to advanced technical tools, Share India offers diverse tools on the web-based trading platform to empower traders to make informed trading decisions.
Place Your First Trade
Placing your first trade might be overwhelming, however going slow and steady is the key to avoiding mistakes in the beginning. Follow the following steps to place your first trade:
- Select a Stock: Use the search function to find the stock you want to trade.
- Analyse: Utilise our advanced charting tools and market data to analyse the stock.
- Execute the Trade: Choose the type of trade (e.g., buy or sell), enter the quantity, set limits or stop-loss orders if needed, and confirm the trade.
Monitor and Manage Trades
Placing a trade is not the hard part. It’s important to monitor and manage it. Keep an eye on your portfolio to see how your investments are performing. You can make adjustments to your trades and set new limits based on market movements and your investment strategy.
Use tools like options calculator, technical charts, and VWAP indicator, to identify patterns. Identify opportunities and execute trades with precision with our comprehensive suite of advanced online web trading tools.
Utilise Tools and Resources
Gain access to a plethora of educational content, including blogs, tutorials, webinars, and articles from Share India, to help bolster your understanding of trading. Additionally, leverage comprehensive research reports and market insights to empower yourself to make well-informed trading decisions.
Conclusion
By following the steps we discussed, you’ll be well on your way to effectively using Share India’s web trading platform. However, novice investors must begin with small investments to get comfortable with the platform and trading process. Determine your budget and risk tolerance to plan your financial journey. Regularly check market news and updates to stay informed about market trends. Following these simple habits and using Share India’s hassle-free platform will make web-based trading more efficient and accurate.
