When you’ve reached a decision to invest in the share market, you’re probably excited but don’t know how to go about it. If you open an online Demat account, the process of trading is a very easy one. Additionally, as all financial procedures are online these days, opening an NSDL Demat account and trading account attached, you can store your shares and buy and sell with the mere click of a button.
While you may want to start your journey of buying and selling shares, the first thing you must do is to open a Demat account. You have to do this so that the shares you buy are stored in a dematerialized (not physical) form in a Demat account. Banks and finance companies act as brokers to open an online Demat account. If you have a bank account, it's likely that your bank will have a Demat section and you can easily open a Demat account there. This will be tied to your bank account so that the buying of shares is facilitated efficiently. With an online Demat account, such as that offered by Motilal Oswal, you can easily start trading on the share market. Here are steps to open it:
Once you have a Demat account, you have access to your trading platform from where you can buy and sell shares. Here are steps to go through when you want to trade:
You can open a Demat account and a trading account to buy and sell shares on a portal like Motilal Oswal. It's very important that you get to know how the trading platform works. After that, you just have to click on the buy or sell button to start trading.
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