The MO Trader app or Motilal Oswal Investor application is an advanced online trading application where you can invest or trade in stocks, securities, and shares. As it is an advanced trading platform, this application is not only suitable for experienced investors but also efficient for traders just beginning to invest in the marketplace. You can easily avail of this application through Google Playstore or Apple Store depending on your operating system. The MO Trader app is mostly used for margin trading for intraday purposes.
Let us focus on what margin trading is and how to margin trade on the MO Trader app.
What is Margin Trading?
Let's say for instance that you want to buy 1000 shares of a company which would cost you around Rs. 8 Lakhs. But if you apply for 1000 shares and specify it only for intraday trading, then you will not need to pay the full price of 1000 shares. The broker will give you a margin of up to 4-5 times with certain risks involved. So, in short, you can simply buy 1000 shares of a company in just Rs. 2 Lakhs instead of Rs. 8 Lakhs. But with that margin given by the broker, you will be strictly allowed for intraday trading purposes with those 1000 shares of the company. To avail of this, you just have to simply specify the reason that you are going for intraday trading with those shares.
How to Margin Trade on the MO Trader App?
To margin trade on the MO Trader app, you simply have to follow the instructions mentioned below:
- Download the MO Trader app from Google Playstore or Apple Store depending on your device's OS.
- Then create a Demat account if you are new to the app. But if you are not new to the application then simply log in with your existing account.
- After logging in you will find an 'Add' symbol on the top right-hand side of the screen.
- Select 'Add new watchlist' and name your watchlist. Then simply select shares of those companies you are interested in and you want to keep an eye on.
- Then select the particular company in which you want to invest in. Then tap on the company and in the next screening you will find 'Buy' and 'Sell' options on the top of the screen.
- Whenever you will select one of those two options, the system will ask you for your identity proof. Provide the necessary information asked for.
- After providing identity proof you will be directed to a new screen where you will see four types of products that you have to choose from.
- For margin trading, simply select the product type of 'Margin Plus' and select the number of shares or stocks you want to buy from that company depending on your margin.
- Then select 'Place Order' and then select 'Confirm' for the confirmation of your order.
- And then your order will be placed successfully.
The Bottom Line:
You can margin trade with the MO Trader app without much hassle. Trading with the MO Investor app can be a game-changer as it comes with several benefits and in-built unique features.
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