online trading market
Online trading has changed the way that people engage in trading and invest their money. It has helped investors save a tremendous amount of time, energy as well as minimize the amounts of risks while trading online. Investors can visit online trading portals and view online share prices as well as stock prices which are constantly changing in the Indian Stock Market.
Can you imagine your life without the internet? Probably not! The internet has played a crucial role not only in our personal lives but has also transformed the way companies communicate with their customers and how people trade in the stock market. It has enabled a person to get instant access to a portfolio within a few moments and share information from across the world. Online trading has given a chance to anyone who has access to a computer and enough money to open an account (keeping in mind he has a reasonably good financial history) and invest in the Indian Stock Market.
Online trading has completely eliminated the need for a personal broker and has made the market an accessible place to investors across the world. Approximately 8 million transactions are performed online with stock markets such as BSE as well as NSE on a daily basis. The internet has thus saved allot of effort, time as well as energy of an investor. A trader is thus given the freedom as well flexibility to work from any place in the world. For the BSE, there is the BSE Online Trading system, also known as BOLT for the Bombay Exchange and NEAT for the National Stock Exchange. For the NSE, there is NIBIS or NSE's Internet Based Information System.
Besides this, there are also other popular online trading platforms such as Indiabulls Securities which offers online stock trading. Other companies include HDFC Securities, which is one of the lead stock broking companies, Reliance Securities (offering online services) as well as Religare Online.
There are also a number of private stock houses which have their presence online and are involved in online trading in the country. This type of trading is extremely easy with a number of online trading platforms available. One of the first things that an investor has to do is to first register with an online trading portal and get in an agreement with the firm so as to trade in the various securities online. Any order processing occurs during the correct timings of the stock exchange market and through these portals they are immediately connected to the banks as well as the stock market all around the clock. It is easy and quick to find out the share prices of a number of stocks of a company online. The stock prices of different securities are mentioned on online trading platforms and this information is constantly updated keeping in sync with the current market which is constantly fluctuating.
An investor can invest through various channels such as mutual funds, equities, general insurance, life insurance, commodities trading, share trading. Besides this, there are a number of online services such as financial planning and portfolio management which the investor can make use of. An investor can also get regular updates regarding the Indian stock market, get trading tips as well as check the status of his orders through the interface or through email.
One of the most beneficial aspects of online trading is the accessibility to information. A person can search for information regarding any of his queries regarding the functionality of the stock market from a number of website which provide ample literature regarding the same. You can research about each and every concept related to the stock market as well as learn the functionality of various foreign markets as well. Online trading is hassle free and you can even minimize the amount of risks involved in trading.
As there is no need for a broker, a person can save money on brokerage fees, which in turn cuts down their profit margins. This is because many of the online brokers which are available online often charge a lower brokerage fee. An investor can further read all the terms and conditions online and see whether there are any hidden costs which are attached to any transaction.
You can easily find information related to charts, their prevailing prices and the future of the market. One of the most beneficial aspects is that if required you can approach an online customer service representative and chat with them in case you have any queries. Any notification is intimidated to you via instant SMS and email services. An online investor thus has his trading experience enhanced.
source :- go articles
Apart from ICICI
online trading service which can be visited at
Motilal
Oswal - They have a very impressive portal. Their site claims "
Motilal Oswal Securities is a leading research and advisory based stock
broking house of India, with a dominant position in both institutional and
retail broking. Asiamoney Brokers Poll 2005 has ranked us the best Indian
brokerage firm." Rediff.com, in one of their evaluation available on the
web, rates Motilal highly for their response and customer care.