The share market is the only place where everyone gets a fair chance of earning. There are many companies which are listed on different stock exchanges, and one can either invest in their shares for a short or long term or trade in the shares on the exchange. For effective trading or investing, one needs to have proper knowledge of the market as well as trading so that the right type of trade can happen and one can earn as he expects. In the share market, one can find lots of companies that offer different shares and the movement in their shares is enough good to earn well.
How to trade?
To trade well in this market, one needs to open a demat account first. One can go for a free demat account as many of the companies offer the same to the new clients. In case of absence of such a scheme one needs to go for the account where he may need to pay some amount annually as maintenance of the account fee. Different companies have different norms for the same. Hence one needs to have a thorough research in this field before going for any of the companies. There are only two authorities which are allowed to open the demat account. These are CDSL and NSDL which are allowed to have the process for account opening of Demat. One can find free Demat account as per the schemes offered by these authorities.
There are many companies where one can apply and open a demat account. Either one can go for a free demat account or have to pay for the same which depends on the scheme offered by the company. There are some companies that offer free account also where the account holder need not pay a single penny for the maintenance of the account.
The trading and demat account are much required to trade in this field. Hence one needs to open both of these accounts before starting the trades. One can open these accounts either by the online system or an offline one. In the online system, one needs to visit the website where he can see the application form for demat account with all the required documents’ list. One needs to fill the application form and upload all the relevant document in soft copy.
In the offline system, one needs to meet a broker or visit a company that deals in the market. He can get the application form with a list of required documents and submit the form ready in all respects. Within a few days of the application, the account gets opened. Here one needs to provide the documents such as PAN card, Driving license, Adhar card and cancelled cheque from his bank account. One also needs to provide resident proof where he presently lives. These documents must be self-attested and provided with the application form. If the authorities find the form in order within a few days, the account can be opened which he may know via SMS or email as well as a phone call also.