If you are a Novice to Shares!!!!!

In this post we will check how to play if you are FRESH to shares. Since you are a fresher please read the earlier posts of BSE and NSE I have written in my blog...

Now let's start it.....

Do you have a Demat account????

If its NO.. then the first thing you must have is an Account just because we can only Buy or Sell shares electronically.

So lets take an account.....

For getting a Demat account there are some things we need..

1. A PAN card--------This is Permanent Account Number used as an Identity whole over INDIA
2. A bank account-----Because we can only make account-through transactions in Shares.
3. A cheque leaf.------Just to confirm the Bank account and put money to our account
4. And the most important MONEY....
5. Copy of your Identity card issued by the goverment

If you have the above five things now the next thing you must do is check for the nearest share brokers(we say it as Securities).

Confusing?????
What is a Security??
These are the brokers through which we can BUY or SELL shares.
We can BUY or SELL shares only through Securities now.

We have so many share security consultants like Religare, Geogit, India Infoline, Vertex securities, JRG etc......

Now we have a lot more also like the ICICI Direct, UTI securities, Share Khan etc....

You can make an account in any one of the above companies and start trading the moment you get a Demat account.

But another thing you must look for is when start trading there should be a minimum of Rs.5000/-(Recommended) in you account so that you can take good shares.

Now when you take an account in any of the securities you must search for the broker charge for the Intraday(Means Buy today Sell today) and the BTST(buy today sell TOmorrow).
A standard brokerage for intraday is 0.05% of the amount and for BTST id 0.5% of the total amount.

If you are taking account in Vertex Securities, Geogit etc then you will be having a great adavantage of fulltime support from the people. So your money will be safe always.....