In today’s era, the scope of making money online is increasing day by day. Every person wants to earn extra income online only. People just want to sit at their homes and earn some money online. They always look for ways to make money online at the easiest. I have many friends who are earning their living by working online. Some of them are bloggers, content writers, freelancers, and online traders. I think that this blog covers almost all the topics about blogging and freelancing so today I am writing a post on online trading. And will help you to know how you can earn more money by doing online trading. You can say that trading online is the biggest way to make a good amount of money for you online and also a short time to make a huge amount of money.
What is online?
Online trading is also known as e-trading or Electronic trading, which is a method of trading securities (such as bonds and stocks) foreign exchange, or financial derivatives electronically. Investing in the stock market online can be a great way to make money online. Many stock exchange marketers, like foreign exchange, and Indian exchange markets like the Bombay Stock Exchange and National Stock Exchange are trading around the clock. But stock trading is not an offensive activity and in this some losses are inescapable. However, investing in the right companies, makes you a tycoon money-spinner.
How to start online trading?
These days there are so many reputed banking and individual stock brokerage websites that are offering online services for opening a trading account with which you can register yourself as a stockbroker. You can follow top websites like Tradesmartonline. in, Angel Broking, ICICI direct, indiabulls.com, and iforex.com
Choosing a website
You can choose one of the trading websites as shown above screenshot but make sure you are aware of their transaction fees, account opening fees, etc. You can call their helpline no. for queries about their all types of fees.
- Before opening a brokerage account on their website you must check if the company is registered with (The Security and Exchange Board of India or if you are a foreigner then check the board of your country) by putting a registered no on their website.
- Make sure the company you choose is reputable. You can also check the customer’s reviews about their website.
- check all amenities they will provide you in the future like access to brokerage accounts through mobile app market analysis and research tools and customer online tools.
Opening an account
You can register yourself by opening an account on any website. You can choose one or more websites in the beginning to understand the website policies and how they work and after that, you can choose a website that best fits you.
- make sure to check the minimum balance of every website to start an account. this will help you to analyze how many websites you can open an account with within your budget.
- If you are a beginner, start to invest a particular amount like $100-$200 USD. Don’t invest a big amount in the beginning because the share market is just like a gambling game in which there is always a possibility of profit and loss of money.
Practice brokering before you put money big amount of trading
Some websites like tradesmartonline.com, sure trade provide a platform for trading without putting a big amount of trading in it. In this way, the chances of losing a large amount of money can be minimized. In this way, you can imagine what type of decision and where it takes in the worst and most favorable conditions.
Take market dexterous person suggestions
You can take expert suggestions. You can take expert suggestions. Which share is best, which is more profitable, when it comes to buying or selling etc. By this, you can choose a website like moneycontrol.com, economicstime.com, businesstoday.in. And with the help of these websites, you can properly analyze which time you have to sell and hold a specific company share.
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Buy a stock
when you are ready to buy the first share take the plunge to buy a smaller number of stocks of the reputed company. This depends on your budget but buy at least the shares of 3 companies that have a good reputation in the market and the best trading histories. It will benefit beginners to invest not more than 100-200 USD in the beginning.
Monitor the market daily
Monitor your company’s stock daily which you have to buy and then take the expert advice on what they are saying to sell it or to hold it.
Buy Low and sell high stock price
Buy low stock price, which means if you buy stock low price according to the previous history your chance will be more to earn a profit in the future. Selling stock is to sell a stock when it will be more from previous days or sell according to expert advice it’s a chance to get high remain very less. In this way to buy a stock with less price and sell to high, you can become a great money-spinner.
Do not sell your stock in a hurry
Don’t sell stock in a panic if its price goes drop continuously that you bought. There can be a chance that its price is falling continuously and after some days its price may rise very high. So keep in touch with experts about what they predict about its price.
The advice of an accountant
once you start to make good money in stock brokering take the advice of a charted Accountant about your profile, stock brokering company, and tax-related information this will ensure that your earnings are legal and the work you are doing is all under government guidelines.
Need to quit stock brokering
The stock market is legal gambling which is full of risks. It can make you a tycoon businessman or could even make you a beggar. Some people with unhealthy decisions in online trading take to losses and lose the whole money that they have previously earned. So if you feel you are not performing well or Not earning a good profit then quit yourself trading or if you are performing well and earning well you can make a good financial expert.
Conclusion:
Online trading is like blogging only, What I mean to say is that it is a long-term game. However, I would recommend you take expert advice before doing online trading.
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Thanks Sushant, For sharing this amazing post. Trading in online stock market and making money from it is less difficult. Very well explained about how to trade online and make some extra income from sitting at home.
Online marketing where we can easily make money in trading from home and this post is very helpful for me, I got some ideas from the post thanks for amazing info.
Good article, Well explained the benefits of online trading and the best way to do it.
Thanks for sharing valuable information.
I didn’t know if I can buy stocks online. I used to think that we gotta go to stock exchange to get share and stocks.
Thanks Robin. I had not heard of this. My readers are always interested in new ways to make money online.
Janice
Hi janice,
You are welcome.
Hi Robin,
We all wants to make money, but when it comes to trading, people have lots of worries. Even I am no exception to that. I was thinking long ago to do trading but afraid to invest money as who knows what happens to shares and there was no guidance for me.
You have explained the process in real good way. Now I see how trading happens. Maybe someday soon I will give it a try and surely keep in mind these tips.
Thanks!
Hi Gaurav,
Trying is never a waste of time. So, give it a try for sure.
And thanks for sharing your thought with us.
Hi Robin,
First of All Thanks, You have shared new knowledge. Basically, I have seen displayed advertisement on Online Trading and How Does Work It, So, I don’t have any ideas about Trading Work and Earn Money with the help of Trading. So, You have shared completely knowledge about Trading Thanks Again. I have learned new on this post.
Thanks sharing feedback.
Hi Sushant and Robin,
I did some trading years back and had modest success with it. Great tutorial here. Honest, if you dive into learning how the stock market operates – by analyzing human behavior – you will learn all you need to know in regards to trading. Could be day trading, or stock trading for long term, or even Forex or bonds. Whatever vehicle, if you study the human psyche and delve into how fear, greed and hope influence trading decisions you will do A-OK in this trading niche.
Thanks for sharing guys 🙂
Ryan
Hi Ryan,
It’s really nice to know that you earned a lot by trading online. And also thanks for sharing your feedback with us.
Hi Robin and Sushant,
First of all, thanks for introducing Sushant for posting yet another good and informative post. Even though I was aware of the online trading ideas before, I never took more interest in getting involved with it. Sushant’s post is a reminder for me to have a try on it soon.
Thanks and regards
Reji Stephenson
Hi Reji,
I am glad that you got a reminder through Sushant’s post.
Hi Philip,
It’s really great know your opinion about the post. Have a good day.
Hi Robin,
Its really good to read Sushant’s post on your page,
Well, he brought out a hot subject.
Yes, everyone wants to make money, though money is the root of all evil, its not really evil if it procure in a right manner. Though this is totally a new subject to me, but I could pick up few lessons or tips from this informative post.
Thanks Sushant for sharing this valuable tips on Robin;s page.
Keep sharing
May you both have a great time of sharing and caring ahead.
Best
~ Philip
Thanks for sharing your Feedback Philip sir.