Introduction
Over the last few years since 2003 the stock markets have boomed like never before. The Sensex rallied from a low of 3000 in 2003 to 21000 in 2008 only to fall back to 8000 in 2008 and bounce back to 20,000 in 2010. During these 6 years with the boom in stock markets, saw the growth of broking firms and there was exponential growth in the number of retail share trading accounts also.
Apart from the traditional ways of placing orders from a broker's office or calling up the broker on phone and placing orders, new ways of trade execution have emerged in the form of internet trading and mobile trading. Lot of people still follow the old process of calling the broker and placing their buy and sell orders.
Naresh is a retail investor who has recently opened a share trading account. The broker has given him an online trading platform along with the facility of placing orders through the phone. Naresh does not know how to place buy and sell orders through the internet. At the same time whenever he call's his broker's office most of the time the phone lines are busy (engaged). Also when he calls up the Toll Free Call Center, he has to go through the lengthy automated (IVR) process which is time consuming and at times irritating. Many a time due to the time taken to place the order Naresh ends up buying shares at a higher price than he wanted to and some times he ends up selling shares at a lower price than he wanted to. Do you also find frequently yourself in such a situation? Then don't worry in this article we will teach you how to place share buy and sell orders through the internet trading screen or the mobile trading screen so that from next time onwards you can manage your trading on your own and you will no longer be dependent on the broker.
Internet Trading Screen
Everybody who has been trading in stocks does know for a fact that the timing an order gets executed is very important. Naresh is a new investor in the markets who is concerned about his Trade Execution skills on the internet. In order to avoid keep continuing in a similar fashion Naresh has decided to look into better Trade Execution through the internet. So let us look at the step-by-step process of share trading on the internet.
- Account Login: As a first step you need to login into your internet share trading account. For that you need to go to your broker's website. You need to enter your login id (also known as Client ID) and your password.
