Intraday Trading Account

Open Intraday Trading Account

The main goal of investors and traders is to reach a point of financial success to meet their requirements, both at a professional and personal level. To do this, several investors look to the Indian stock markets to earn profits. However, comprehending the basics of trading is important before you gain knowledge of the finer aspects of stock trading. Trading in stocks may require fundamental knowledge, technical analysis and acumen to make profits. Before you start using methods of stock trading, like Intraday Trading, you may wish to have clarity in some concepts related to trading in general. The first thing to do if you wish to start trading is to open a Demat account. You can do this with a brokerage such as Motilal Oswal or a bank that has facilities for this. Brokerages and banks that offer you facilities of a Demat account are called DPs or depository participants. Demat accounts hold your stocks once you have bought them. A Demat account holds your shares and stocks in electronic format. You may also consider a linked trading account which essentially gives you a platform to trade (purchase/sell stocks).

Intraday Trading Account Goals

Intraday Trading Account Goals

After you have learned about the basic accounts that are linked with trading and investing in the stock market, you will probably get a grip of what traders actually do to trade. The main thing to know is that there are two main ways that stocks can create wealth for investors. The first way is by long-term wealth appreciation, and the second, by day trading. Long-term wealth appreciation means that traders/investors buy stocks and hold them for a period, maybe several years, profiting via the growth of the company whose stocks they hold. Day trading, or intraday trading, on the other hand, is done with the aim of short-term appreciation. Here, shares may be purchased and sold within the same 24-hour time frame. Intraday trading is a method of trading, and the holding of shares through this means of trading is done in an intraday trading account, which is technically a trading account for this purpose. When you open a Demat account with a reputed broker such as Motilal Oswal, you get the benefit of opening a free Demat account online. This can get automatically connected to a trading account, and you are all set to try out intraday trading. Furthermore, when you open your free Demat account, you can select the depository of your choice. There are two main ones, the National Securities Depository Limited (NSDL), and the Central Depository Services Limited (CDSL). DPs are registered with either, or both, of these two main depositories to hold shares in Demat accounts.