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Friday 5 June 2020
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How to invest in the share market using a mobile app?

How to invest in the share market using a mobile app?

Purchasing and selling stock ventures used to require a telephone call to a stockbroker who might charge you an excessively high price to execute your stock exchange. Times have changed drastically though. Nowadays you can enter your own stock exchanges through your preferred stock representative’s site or stock investing apps. Everything has become very easy to operate and manage. To start investing online, one must first set up and account on one of these applications. Here is a basic guide about how to invest in the share market using a mobile app.

Getting set up for mobile trading is truly simple. You simply need to download an application, enter your data, and get trading. Obviously, the setup will vary marginally relying upon the application, yet it’s generally pretty straightforward. But the basic steps involved when it comes to setting up an account on mobile trading apps are pretty much the same. The steps are as follows:

  • Step 1: Find an experienced broker. A trusted and experienced broker is imperative when it comes to handling your funds.
  • Step 2: Set up a Demat Account. Demat Account stands for Dematerialisation Account. It is essential to open a Demat account to manage the funds online. The procedure to open a Demat Account is fairly simple and some brokering firms also let you open one for free.
  • Step 3: Get access to an online trading platform. Online trading platform essentially means a mobile trading app. There are many options both online and offline to choose from. You can ask your broker for a trading platform for research reports and tips.
  • Step 4: After downloading the app, set-up an account on it. Sign up on the app to create your account with a username and a strong password. Attach necessary documents if asked and required.
  • Step 5: Start trading. Now that you have signed up on the app and the set-up is done, you can now start trading. A little help and advice from your broker will help you go a long way with your trades.

These stock investing apps along with a trusted and experienced broker are definitely an advantage when it comes to easy management of funds, but a little self-education never hurts anyone. Learn as much as you can about the share market and the trade. Investing can be intimidating at times, and losing money isn’t a very nice feeling. To avoid that, take proper advice from your broker, make a plan and stick to it. So, now if you feel like you have the itch to dabble in the share market, you know the basic know-how of how to invest in the share market via a mobile application.