Investing is quite lucrative way of making money out of your
money and some of the bright minds like warren buffet have become billionaire
with investing if you are too willing to
get your hands on investing but you are unable to find a way how to get started
this guide will help you out.
Before you start investing first I want to tell you about
some basic sector of investing which are of three types
Commodity Investing: This sector deals with investing in
some physical metals like gold, silver, crude etc. Investing on these doesn’t
mean that you have to store these physically like if you invest 5000$ on gold
you will sign a trading slip which will be the proof that you are the owner of
5000$ worth gold and when you want to sell it you will be given the amount of
the current market price. It may be more or less depending upon current market
price.
Forex Market: It deals with investing in currency,
generally the exchange rate of currency changes with the economy growth. Forex
market trades with the flxuation in the currency rates.
Stock Markets: It deals with investing in the
shares of a company or corporation.
How to Get Started
Open a bank account: You need to have a bank account as
all you amount of money will be credited to this account.
Open a Demat Account (Trading
Account): trading
account can be opened in any trading company. This company will provide
personal trading number through which you can trade on any company stocks by
phone.
Documents required opening
a trading account
Pan Card: it must be provided for
identification verification purpose.
Address Proof: For address proof you can provide either
you voter card, driving license, electricity bill or any other govt issued
document which has you name and your address
Cancelled check
A trading account
opening charge (varies from company to company)
Today online trading can also be another option to trade
stocks
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