The share market can be the best way for additional income for those who are already occupied in one business, but they are not happy with the profit they make. It is also a viable option for the professional and salaried people who also want some extra earning with the help of their skills and knowledge of the share market. Here one can find various options which can lead to profit-making trades, but while dealing one has to be extremely careful as a wrong decision may lead to devastation also. There are ample companies in the market which are listed on some of the exchanges and hence dealing in the shares of such a company is easy.
How to trade?
Trading in the share market is not only a skill but also an art that everyone does not possess. Hence one who is keen to make some profit in this market needs to know the market and its trend well. One also needs to learn how to identify the opportunity and act quickly when it is time to get the best trades. There are some primary requirements that one has to fulfil while going for trading in this market. The foremost requirement here is availing service of a broker who can help one trade on his platform. Therefore a bulk trader needs to get the best share broker in India who can offer services of trading at a low rate. The trading and demat account are other requirements that one must fulfil before initiating the trading.
Check the brokerage rate first:
One who wants to start trading in the market must check the brokerage rate first as the market has no such restriction that the broker can charge a limited amount only. Usually, it is a certain percentage on the turnover of the trading, and hence it can be a large amount if the trader deals in large volume.
Discount in brokerage means one has to give less amount to the broker and hence it can help him save a good amount from his profit. Overall it can help the trader to have a good investment in future, which can lead to higher turnover. In case one goes for the higher brokerage rate, he has to spend a huge amount for the same which can be otherwise used in the market to have some more trades. Hence for a trader discount in brokerage can be much beneficial.
The broker may also prefer to offer such discount to the trader, but the trader has to show his volume and offer good amount as margin money which can help him have more volume with more limit on regular trades. The increased trading can help the broker also to have some more revenue as his income is linked with the turnover of the trader. Hence if the trader goes for more trades, he can have more revenue in the form of brokerage. In the case of a trader who does not have volume-based trading, the broker cannot offer a discount.