Investment Platforms

Which Is The Best Investment Platforms For Beginners?

 The stock market is increasingly fascinating to new and experienced investors who turn to it to grow their money. An individual new to investing has to begin his stock market journey by opening a Demat account with a registered stock broker. In this process, selecting a good trading platform is a crucial decision. Here’s how you can choose the best trading platform to make your trading experience smooth and hassle-free.

What is an Investment Platform

An investment platform is an online service that allows an investor to buy and hold shares and securities in one place. The online service makes investing easy for an investor and may offer him ready-made portfolios that match his investing needs. The best feature of an investment platform for a stock market beginner is that it provides low-cost and straightforward stock market access to people who are new to investing.

Steps to Selecting the Best Investment Platform

  1. Identify your requirements:

    Before selecting an investment platform, decide what you essentially need in an investment platform. An investor’s knowledge of the stock market and his investment horizon will have a significant influence on his choice of an investment platform. For a beginner, services like a detailed glossary, easy access to advisors and support teams, and the option to carry out practice trades can be useful.

  2. Do your own research:

    Every investor has different investing needs. Therefore, never choose an investment platform solely because someone else is using it. A beginner should analyse the data, and look at the broker’s experience before selecting the platform.

  3. Opt for a user-friendly interface:

    To use a trading platform effectively, an investor should be comfortable with its user interface. If the fundamental layout of the trading platform is too complicated and a beginner does not feel comfortable handling it, the platform is not ideal for him.

  4. Additional features and offerings:

    An ideal trading platform should match the current trading needs of a new investor. It should be easy to-use and equipped with all basic features if the investor is new. As the investor gains experience and learns market tactics, the platform should support his advancing trading needs. The Demat account charges for such a platform should be reasonable enough for an investor.

  5. Stable investment platform:

    Smooth trading requires the investment platform to be stable and efficient. It should not hamper the trading activities of the investor and should show consistent performance to support trading activities.

  6. Transparent charges:

    A new investor should find out the fee and charges applicable on trading before selecting an investment platform. It is reasonable to pay a minor additional fee for a trading platform that gives features and offerings that competitors fail to provide for lower fees. A little research can help an investor identify the most customer-friendly and economical investment platform that aims at increasing the investor’s gains.

  7. Mobile applications:

    These days, several advanced investment platforms offer mobile applications to investors: These mobile applications allow the investor to access Demat and trading account through mobile from anywhere in the world. You do not have to wait to access a secure computer and internet connection to trade in the market and instantly trade in the market through your mobile from wherever you are. Therefore, look for an investment platform that offers such a mobile application.

How to Invest Sensibly?

  • It is advisable to have patience and invest with a long-term view. An investment horizon of five to ten years is considered good enough to boost the potential growth of an investment.
  • Be realistic about how much risk you can afford to take on your money. Avoid investing in an aggressive portfolio if you do not want to put your money at risk.

Invest in US Stocks from India

Until recently, investors in India could only invest in the Indian stock market via major stock exchanges like NSE (National Stock Exchange) or BSE (Bombay Stock Exchange). However, it is now possible to invest in US stocks from India i.e. the stocks listed in the US indices like NASDAQ, Dow Jones, and S&P 500.

Investing in US stocks gives you exposure to the international stock market and also helps to diversify your investment portfolio.

Choosing the right investment platform can make your investment experience pleasant and profitable.

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