What are the initial steps to enter Indian stock market business?
Well, you want to invest in Indian stock market. Yes this is a very good idea if you are an young mind.
- what is the best and safest way to make money at least two percent profit per month on my initial investments how can i do that suggest me ?
- Which is the best broker company for intraday as well as delivery trading ?
So let us discuss all the steps one by one:
First of all you need to open your Trading and Demat account.
A lots of companies are there in India who provide trading and demat account. As a new comer you can choose Zerodha because it is best to use for the beginner.
Documents needed : pan card, adhar card, two copies passport size photos and a cancel cheque along with filled up form.
After getting your account just try to be familiar with their trading platforms using which you will do your technical and fundamental analysis about any company.
Try to study thoroughly everyday using your leisure time and learn this stock market, how it works.
Various types of trading method available (intraday trading, very short term investing, short term investing, long term investing) , you follow your one in which you feel comfortable and match to your personality.
My suggestion is don’t try intraday in your 1st year. Go for very short term (1 week to 3 months) or short term investment (3 months to 6 months).
Start with a very small amount of cash in your trading account, even you can start with Rs 5000 or Rs 10,000.
As you grow you can increase your capital with experience.
You can see my previous answers about investment method for more clarification.
So wish you all the best.
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