If you want to buy or sell shares
in the stock market, you need to have a trading account. An online trading account helps you to place buy and sell orders for shares online. You will probably want to open an account with any of the online discount broker that will let you trade shares easily using its website or online trading platform.
An online trading account has 3 components – a bank
account, a trading account as also a demat account. The demat account will be
used to store dematerialized shares in just the same way as a bank account is
used to store your funds. The trading account will help to connect with the
stock exchange for trading securities online.
You have to transfer funds from
the bank account so that you can trade online using your trading account. Post
transfer you can utilize these funds for purchasing and selling securities
online.
Most banks nowadays provide online
trading facilities to any customer who wants it. A trader can access his online
trading account from anywhere he wants. All he needs is a computer and a net
connection. Mobile apps also provide access to online trading account.
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