The best trading platform is essential for investing. Trading platforms offer three essential benefits for beginners. The first should be easy to use and beginner-friendly. Second, new investors need various educational materials to get off to a strong start. And third, the best platform offers access to quality stock market research.
Fidelity, TD Ameliorate, E*TRADE, Merrill Edge, Webull is the best online stock trading sites for beginners
Know Your Requirements:
An investor needs to have a demat account with a depository participant as well as a trading account with a stockbroker or sub-broker. He can select to open a 3 in 1 account that consists of a bank account, a demat account and a trading account that allows for efficient investment management at one place.
Don’t Try To Copy Others:
There are limits to how much you can replicate a professionally run portfolio. Here, apart from past performance, one needs to give due consideration to the fund mandate or investment style of the fund manager.
User-Friendly Interface:
A user-friendly interface is a software interface where the user can easily understand trading and navigate through the application efficiently.
Additional Features of investment:
Investment is something that most people do not understand, many people have a vague understanding about it and consider saving as equivalent to investing.
But it is not because if a person only saves money it will not generate any return. Some features of the investment are given below to help you understand
-It is not done for the short term. It is a single term process where you have to invest for years before expecting good returns.
-It requires patience and discipline from the investor. People who dream of becoming rich overnight cannot invest.
-It doesn’t necessarily require millions of dollars to invest as one can start with a small amount which suggests that this path is for everyone.
-No PhD degree is required in finance, and if one thinks that only knowledgeable people can invest, and then it is wrong. History is full of instances where intelligent people have made more mistakes while investing than ordinary people.
–Investments are always made for the future and not for the present, and to do so one has to minimize one’s current unnecessary expenses.
-Investing is a habit and the sooner you develop this habit the better it will be for you and your family’s future.
Why Choose Share Khan:
1. Beginners
if you are new to the stock market, Share Khan might be the best option for you as they offer training, hand-holding, tips and local support through a Personal Relationship Manager (RM). They also have an online trading platform that makes investing extremely easy
2. Active Traders
If you are an active trader trading in high volume or multiple times a day, Share Khan prepaid brokerage plans work well for him. They reduce brokerage significantly and offer you an excellent trading platform, RM, research, tips, local support and a range of add-ons like PMS.
3. Aged traders
if you are not tech-savvy and not comfortable with online trading then Share Khan is the right choice for you. It supports neighborhood branch offices, RM for personal services and free calls as well as business services. A simple example is, you can call your RM and ask him to cash your check to add funds to your trading account.
