"Stock Market Trading" is a Risky Business which can reward you in such a that no one can pay you and the same can even eat you. If you Buy and Sell shares at Right time, there is no such good Profit yielding Business here. If you want to Trade in Indian Stock Market then you have to select a Good Stock Broker.
WHO IS STOCK BROKER?
A Stock Broker is a person, who registered with SEBI (Securities and Exchange Board of India) and helps the public to Buy and Sell Shares between them. If you want to BUY or SELL Shares then you have to Open an Account with them. Through that Account you can BUY and SELL Shares.
A Good Stock broker's work is not only BUY and SELL shares but also Analysing the market and Advising the Clients also. Keep in mind the following points when you select a Good Stock Broker.
1. Assess the amount of experience a stockbroker has in your particular market of interest. Experienced brokers will elaborate on the success of former clients upon request. This criterion is particularly important if you are investing in a high-risk area.
2. Check commission and fee levels for a stockbroker to determine the value of his services. Steer clear of brokers who use a multitiered fee process or commissions that will harm your profit margin. Normally they charge different Commision for Intraday Trading and Delivery Trading.
3. Scan through the prospectus and promotional materials of an individual stockbroker to determine limitations on daily trading.
4. Understand their Personal service. If they are keen in motivating you to do "Intraday Trading", then be cautious.
Please mind onething always while selecting a Stock Broker, A Good Stock Broker provides in-depth analysis and advice with each trade but require higher commissions and fees.
Wish you all the best in your Trading.
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