Trading is the activity of buying and selling financial assets such as stocks, bonds, commodities, and currencies, to earn money. Trading was developed out of the barter system, where people exchanged one commodity for the other, until eventually stock markets were developed, where stocks or shares of companies were traded.
A trading platform is a digital tool (either a website or an app) that provides the ability for users to buy or sell financial instruments such as stocks, cryptocurrencies, and mutual funds. Some popular trading platforms in India are Zerodha, Upstox, Groww, Paytm Money and other companies.
The likelihood of you getting started to trade online is to find a trading platform that you trust. After you find that trusted trading platform, and create an account, and go through their required KYC verification process, and fund that account, you can start to buy and sell stocks or assets based on your own research or based on recommendations from an expert.
Trading is always risky as there is always some volatility to the market and unexpected economic conditions can come up at any moment. Losses can occur at any point in time. Thus the objective is to have some money potentially to invest and lose.
In order to reduce your trading risk, research properly, use a reputable platform for trading, stick to your plan, only trade what you can afford to lose, and finally learn when to stop while trading if you begin to incur losses.
To choose a platform to trade on, you may look for stipulations ranging from ease of use, fees, options to trade, customer service, and reviews from other traders would help, additionally assessing whether the platform allows the trading style you are specifically looking to pursue would be beneficial.
Trading is generally according to the specific asset that you are working with, such as stock trading, cryptocurrency, commodities trading, and trading currencies in foreign exchange, also known as forex.
Mutual funds allow several investors to pool their money together to invest in several stocks, bonds, or other assets at once. The foundation of mutual funds, unlike trading stocks directly, allows a portfolio through a broker or several portfolio managers.
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