For every one income is the main concern of life. There are various sources of income with people and those who cannot earn well from their current source of earning; the share trading can be a viable option. However, to try luck in this field, one needs to have sufficient knowledge of the market. This market is known as its price fluctuation and sensitivity to the news across the globe. Hence anything can change the direction of the market, and it does not take much time to turn the bullish trend into a bearish one.
For the people who are keen to have some extra income from this market, there are various options available. One can go for the cash segment or derivatives as per his profile, willingness to earn profit and also risk-bearing capacity. In the derivatives segment, one can earn more profit, but there is also high risk. In the cash segment, one can earn a moderate profit at moderate risk. The trader who wants to make instant profit loves to go for the intraday trading where the price change benefit is easily available, and one can earn a regular profit from the same. There are some prerequisites for trading or investing in this market. One needs to have a demat and trading account for this.
Get the accounts first:
The trader needs to have a look at the other expenses also while going for the trading as in many cases he has to square off the position at narrow margin also. In such cases, one needs to find the best discount broker who can help him get trading done at a low rate of brokerage. Hence he can save a good sum of money which he might have to pay as brokerage.
How does the broker help the trader?
The broker is the person who holds a valid license of trading from the brokerage firm or company. Hence the trading is authenticated. In case of low margin money, if one still wants to deal in shares with the higher amount, he can ask the broker to have more limit opened by the system, and once the limit is opened, he can go for more volume. In case of settlement of account also one needs to ask the broker to arrange for the fund transfer to his account.
The broker also proves helpful in case of trades to be carried out offline where the client can contact the terminal operator and trade in different shares. He can also know his account situation as well as the status of the order he has placed. The operator also lets him know the market condition and update if the shares he has asked for are bought or sold as per his rate and will. There are also other services such as technical issues and more limits where the role of the broker can be much useful to the traders. Hence every trader needs to find the broker who can offer the services in all these aspects and support the trader in trading.