Introduction & Overview.
In
July 2006, as I type this, I am just six months into the stock markets
and online trading. In much the same way, this article / tutorial is
meant for those who are new to share markets and online trading.
Old hands vs.
beginners:
Friends, as I said in the opening
remark, I am a beginner in the market and not an expert by any measure.
Hence if you are a veteran, you are unlikely to gain here.
Expect naivety rather than maturity. However I have earned some wisdom from the
market in a short time and tried to be as accurate and factually correct
as i could possibly.
Also, an advice to global visitors -
the context of this article is Indian.
The swearing in:
After taking an ICICI bank account
in 2003, I was eager to enter the financial market. However due to
ignorance of the share market and lack of money, I continued to wait.
Although I heard of DMAT (Dematerialisation of Shares - understand
electronic format) and about the ease of online trading, I had to stay away from
entering the stock markets.
Finally after more than two years, a
friend started with HDFC bank and he introduced me to his
online trading systems. Familiar with PCs and leading an online life, I found
it very exciting.
In the back of my mind I had the
hope of making enough money so that I can stop being an NRI. Also,
being an IT professional I had the responsibility to at least know this
important avenue available online for share trading.
ICICI online trading system is
the scenario:
This article is in a form of a web
optimized tutorial and it is rooted mostly on my experience and budding
knowledge. ICICI online
trading system has been used as an example. I only have a layman’s
knowledge of economy and finance in general and hence don’t expect any
great lecture.
What I can impart is
an idea about
online share trading in general and remind you about some lessons I learned through my reading
and online share trading.
Next :
Business Performance & Prospects