How to Open Trading Account – Step by Step Guide
In the last few years, a significant change can be noticed in the way of transactions for anything – from purchasing to selling. In simple words, the nation is moving towards cashless economy – as government is focusing on pushing digital forms of transaction in the country Digital modes of transaction are faster, secure and more cost-effective. Stock market has already migrated from physical to electronic mode of trading (from 1996). Now, trading account has become the basic need to start trading. Here, the most important question is, “ how to open trading account ”. Before you start click on a link anywhere, it will be better to know about trading account. You have different accounts and that is linked and works in combination with each other. The demat account is hosted by depositories and used to store different kinds of securities bought by the investors. When you have to sell your holdings or buy new securities, you will have to use a trading account – essentially in interf...