Q&A for How to Open a Trading Account

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How much does it cost to start an account?

Donagan

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Whatever your broker specifies as a minimum deposit, which you can then apply toward your first purchase. Your broker may insist that you keep that minimum amount of cash available in your account.

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Question

What do you mean about 'diversification is key to building a successful portfolio'?

Donagan

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It means that the more securities you hold in your portfolio, the less likely it is that any one of them will hurt you badly by dropping in value, because each security represents only a very small portion of your portfolio.

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Question

What is required to open an MMT account?

Donagan

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If you're asking about a money-market account, choose a bank, mutual fund or other investment company, fill out an account registration form with them, and deposit at least the minimum amount required.

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Question

Is a credit card required to open a trading account?

Donagan

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No. A broker will want cash to open an account for you. He won't care about any credit cards you may have.

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Question

What is the procedure for buying and selling shares through a demat account?

Donagan

Top Answerer

See Buy Indian Stocks .

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Question

Do I need a license to trade online?

Donagan

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No, not if you're trading with your own money.

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Question

How do I make the connection between my trading account and the company I'm interested in?

Donagan

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Typically, your broker will make the connection for you. It is also possible to buy/sell directly with the company by phone, mail or their website.

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