Four steps to start online trading in India

1. Choose an online broker. The first step will be to find an online stockbroker.

2. Open demat and trading account.

3. Login to your Demat/ trading account and add money.

4. View stock details and start trading.

Day trading, position trading, swing trading, and scalping are the four basic styles of stock trading.

Becoming a trader requires a background in math, engineering, or hard science, rather than just finance or business. Traders need research and analytical skills to monitor broad economic factors and day-to-day chart patterns that impact financial markets.

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Unlike many misconceptions, there is no strict minimum limit to commence trading or investing in Indian stocks. Your starting point depends on having sufficient funds to purchase stocks based on their current share prices, which can range from Rs. 1 to Rs. 10,000 or more on Indian stock exchanges.

Of the different types of trading, long-term trading is the safest. This trading type suits conservative investors more than aggressive ones. A long-term trader analyses the growth potential of stock by reading news, evaluating the balance sheet, studying the industry, and acquiring knowledge about the economy.

Among the different types of trade, long-term trading is the safest strategy.