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What are the ways to learn online stock trading?

Trading is all about buying and selling stocks of publicly traded companies. You can buy any number of shares of the company in the secondary market and sell them anytime in future. The basic idea is to book profit on the investment. In these markets, there is a seller for every buyer. If the number of buyers is higher than the sellers, the price of the stocks automatically rises as the demand increases. Conversely, if the number of sellers is more than buyers, the stock price falls.

If you want to learn about stock trading, there are some ways to go about with it. They are as follows –

Open Demat and trading accounts

The best way to learn stock market is to get hands-on experience. You can open a Demat Account offered by the depository participants. Familiarise yourself with the trading platforms and use the freely available trading tools to your benefit about the nuances of the stock market. Select a good DP offering virtual trading platforms or stimulators on which you can practice online trading in India with fake or real money.

Read the available literature

The other way to learn stock trading is reading up about the market and how it works. You will find all sorts of books about how the market works, the investment strategies, and the mistakes to avoid while investing. Books, especially, are cost-effective as opposed to seminars or classes. We recommend you books The Intelligent Investor by Benjamin Graham, Stocks to Riches by Parag Parikh, The Warren Buffet Way by Robert G. Hagstrom.

Read articles

News, articles, and columns written by financial experts are a great source for learning about the share market. Lookup for simple pieces which focuses on share trading for beginners, stock market tips, jargons, how to invest, and so forth. You will find millions of articles in a single search. Every piece leads you to another, thus helping you understand the market thoroughly, one article at a time.

Help from mentors

Asking questions and being curious about the share market is another efficient way of learning stock trading. Your mentor could be your family member, friends, acquaintance, colleague, or someone who understands the fundamentals of share trading. They will solve your queries, provide practical examples, and understand the market jargons. You could ask your queries on online forums or quora platforms where you get answers from the related field.

Attend seminars or online courses

If you have the funds and interest in share trading, you should consider attending seminars or take up a quick course. Seminars provide insight into the share market at a general level or focus on specific aspects. Nowadays, brokerage firms and DPs are offering online courses through apps that enable you to learn about the stock market and different investment strategies.

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