I am a Graduate student. I've Keen interest to trading in Stocks/Commodities/Securities. Recently, I've opened an Online Trading account in Sharekhan. Before investing, I want to get clarified some of my queries.
1. What are the timings of Trading?
2. What are the working days for Trading?
3. Can I buy and sell the Shares on the same day?
4. Can I claim exemption under Income Tax Act if I incur loss?
5. Is there any restrictions in the number of Transactions per day?
6. Besides Brokerage charges, is there any other charges that needs to be paid?
7. Do I've to enclose a KYC Compliance or MAPIN ID , if my investment exceeds above 50,000/- INR.
8. Can I buy and sell the shares on Hourly basis, if the share value depreciates or appreciates?
9. As I already mentioned that I'm a Graduate student, will I be liable to pay tax irrespective of Gain/Loss?
10. Is there any Study material available in maket to brush up the trading knowledge?
You dont actually buy shares as such but buy a contract on the assets.
You then earn or lose money on the opening and closing price of the asset.
Many people have got rich very quick from cfd's but there is also the risk of losing money quickly.
Finding a broker will help as they can advice you on stops that sell when the
asset falls below a certain amount you can afford to lose.
you can find more information at
http://www.cfd-to-cfd-trading.co.uk
Ask a question or leave a reply