For those who want to know the stock market, it is just a humble try to explain a few of basic things that may be haunting the beginners of trading. Who does not like to have more income? Everyone loves to have some option of income that may offer good and reliable income. The stock market has various options that can be used for this purpose but before going for the trading one need to know the market well and learn how to trade in various situations. The volatility and sensitivity are some of the issues the market is famous for. One may hardly come to know about the changing trend and before that the market may have nosedived also. In such situations, one may lose the capital and may also have to pay an additional amount if the trades go wrong.
How to trade:
Well, it is a basic question; every trader must understand and know. The trading can be done with the help of a terminal operator who is a skilled employee of the stockbroker or service provider company. He is all the time online during the market sessions and keeps on monitoring the movement of the market. He helps the clients with offline accounts who want to trade. They need to instruct him for buying or selling a few shares of a few companies, and the operator will place the order accordingly. One can also go for online stock trading where he can only carry out the trading from his home or office. For this, he must learn how to place the orders and set limits for profit booking and stop loss. He can also know which all orders are executed and which are pending. And the best part is he is the only person who handles his account, so he does not need to depend on any other person.
The type of trading:
There are online and offline trading systems. The offline trading is where the trader is provided with the support of operator while the online is one where the trader himself carries out the trading. Those traders who are busy during the trading time, due to their job, education, training, business, and other routine activities, need to go for the offline trading as the terminal operator can help him to get the transactions done. Here the trader does not need to have a computer and keep on monitoring the market. He just needs to ask the operator, and he will provide all the information required by the trader as well as carry out trading as per the instructions of the client.
In the online account, all these responsibilities of carrying out trades lie with the trader only. Hence he needs to have either a computer with an internet connection or a smartphone with the trading application. He can view his account and trade in it on his own. He can also check the fund status and see if the limit is available or not. Hence he needs to know about carrying out the transaction and setting limits also.