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Personal or Direct trading

This is a discussion on Personal or Direct trading within the Investment and Finance forums, part of the General offtopic discussions category; I came across this term in some post, which site or company offers this. I want that I don't have ...

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Old 08-28-09, 11:44 PM   #1
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Default Personal or Direct trading

I came across this term in some post, which site or company offers this. I want that I don't have to call someone and rely on his mercy to buy or sell stocks, I just want to do it myself. How can I do it? Is it more risky or costly compared to Telephone Trading? Advise
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Old 08-29-09, 11:42 AM   #2
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You can do it using websites such as ICICI Direct, Sharekhan, ILFS, etc.
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Old 08-29-09, 04:23 PM   #3
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yes, brokerage firms likes share khan,icici direct provide platform for online trading. using it you can buy share independently and even in small quantity like 1 share...

basic requirements for online trading are
1. pc
2.internet connection(preferably broadband)
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Old 11-09-09, 08:35 AM   #4
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Quote:
Originally Posted by sharadkumar View Post
I came across this term in some post, which site or company offers this. I want that I don't have to call someone and rely on his mercy to buy or sell stocks, I just want to do it myself. How can I do it? Is it more risky or costly compared to Telephone Trading? Advise
well first you must be familiar with stock market and the likes before you can really do that..its easy I think its just a click of a mouse and the result is instant too..you can buy stock online if you wish too...
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Old 11-21-09, 11:41 PM   #5
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What does direct trading mean actually? Does it mean that you deal directly with another trader? I wonder if it is too risky for us to deal with people we never know exactly who he is. I would prefer the conventional system.
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Old 12-08-09, 02:29 PM   #6
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There are many sites for online trading but I am unaware of the security level in trading on these sites. Does anyone use online trading?
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Old 12-08-09, 04:42 PM   #7
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I can speak for ICICI Direct. It is extremely safe. The site forces you to change the trading account (demat) password every 15 days (as per SEBI guidelines). Account is locked after 3 unsuccessful tries. And one has to go through a thorough verification process to unlock it and get the new password. The new password is sent by courier to your home address. The site itself provides an option of virtual keyboard to enter password.
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Old 12-16-09, 02:24 PM   #8
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Quote:
Originally Posted by just4kix View Post
I can speak for ICICI Direct. It is extremely safe. The site forces you to change the trading account (demat) password every 15 days (as per SEBI guidelines). Account is locked after 3 unsuccessful tries. And one has to go through a thorough verification process to unlock it and get the new password. The new password is sent by courier to your home address. The site itself provides an option of virtual keyboard to enter password.
Yes I have recently received a mailer where there was a fake page of icicidirec. The mail provided how to stay alert and watch for https before logging in. Although icicidirect is extremely safe people should take precationary measure before logging in and check whether it is a official site.
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Old 12-23-09, 10:01 PM   #9
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i want to know if i open demat a/c with some provider like icicidirect. other then annual charge is i have to pay any minimum charge per month if i didn't purchase anything in 1 month. Actually i am planning to open demat to purchase share occasionally not regularly .
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Old 12-23-09, 10:04 PM   #10
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Quote:
Originally Posted by uncleji View Post
i want to know if i open demat a/c with some provider like icicidirect. other then annual charge is i have to pay any minimum charge per month if i didn't purchase anything in 1 month. Actually i am planning to open demat to purchase share occasionally not regularly .
Its just the annual fee and whatever the brokerage is when you buy or sell stocks.

There is no other monthly charge with icici direct. But its always better to check with the bank itself instead of believing me as things might have changed yesterday or day before which I might know about.

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