In order to trade in stocks online one needs to open a stock trading account. This is done through an online stock broker who is a member of stock markets such as BSE and NSE.The prerequisite of having the best online broker with good reviews is paramount due to the fact that accessing any one of the available stock exchanges requires one to be a member of that stock exchange. Online and discount stock brokers are members and are readily available online and a potential investor with an internet connected computer can easily get a good broker online. In India, each and every broker must be registered under the Securities and Exchange Board of India. They are then equipped with a computer terminal in their respective offices from which they trade in stocks.
Zeroing in on an online shares broker who is genuine, reliable, responsive and fast for online trading for beginners requires ardent research. It sometimes calls for actual calling to gather the broker’s experience like client responsiveness, availability of information and effectiveness of trading.
In order to open an online share trading account in India you require proof of identity and residence as supported by a passport, driving license, photo credit card, voter’s ID or a photo ration card. Two photographs are also necessary as is a PAN.