This article explains about the basic requirements on how to trade in Indian stock market
. Before starting trading the investor should have basic knowledge about stock market and have invested in the mutual funds.
If you are an Indian citizen and residing in India or Non Resident Indian then you must have PAN Card. PAN Card is compulsory, then only you can proceed for next step. To get PAN Card in all over India many bank branches accept application forms. After applying for PAN Card within a month you will get your PAN Card.
There are many online broking houses, subscribe your trading account with one of the major online broking houses like India Infoline, Share Khan, India Bull and Reliance money.
Some of the brokerage houses have their own charting having limited features. But better option is to get good charting software such as Easy Chart, Metastock or Amibroker. You have to subscribe to an End-of-Day facility which will update data feed from signal.
Now start with most challenging step i.e. learns trading. To get knowledge about trading, you can refer books, join online charting communities, blogs, and membership site or apply for mentorship program. You can take help from any known investors. Start paper trading with full efforts as if you are trading real money.
Update and remain active for economic news, fluctuations and equations of demand and supply of every sector of economy. Also keep in touch and update yourself regarding decisions of Government monitory policy and Reserve Bank of India upcoming announcements and also keep track of global events which mainly affect the market and economic conditions.
After you clear above steps without any confusion can start actual trading with real money. With best efforts ready to face challenge and don’t reach the starting point of loss. As per your style and personality develop and apply method which is tested for minimum loss ratio.