Angel Broking
Angel Broking
Angel Broking
REPORT
(2006-08)
Investor’s awareness about stock
market
&
Their level of satisfaction
At Angel
Broking.
Jodhpur institute of
management
Supervised by:
Submitted by: MR.Amit
kumbhat NaveenaBurad
BM.Angel Broking
MBA 2nd year
JODHPUR
ACKNOWLEDGEMENT
OUR VISION
To Provide Best Value for Money To
Investors Through Innovative Products.
Trading/Investment strategies state of the
Art technology and personalized service
CONTENTS
About Capital Market
Stock Market
About all exchanges
* Foreign exchanges
* Indian exchanges
Equity
Derivative
Commodity
Trading account & Share
Trading
Bibliography
About Capital
Market
Capital market is a source of long-term capital raised for the development of
companies. The stock exchange is a part of the capital market and helps
investors to trade in their shares and thus maintain the liquidity of their
investments. The capital market is distinct from money market-banks and
lending institutions provide short-term finance.
In short The Capital Market is that market in which corporate equity and
longer-term debt securities (those maturing in more than one year) are issued
and traded.
The capital market (securities markets) is the market for securities. Where
companies and the government can raise long-term funds. The capital market
includes the stock market and the bond market. Financial regulators, such as
the U.S. Securities and Exchange Commission and the Financial Services
Authority in the UK. Oversee the markets. To ensure that investors are
protected against misselling. The capital markets consist of the primary
market. Where new issues are distributed to investors. And the secondary
market, where existing securities are traded.
The capital market can be contrasted with other financial markets such as the
money market which deals in short term liquid assets. and derivatives
markets which deals in derivative contracts.
Stock market
Both the private and the public sectors provide markets
makers in the capital markets. In Capital there is the Stock Market
is very important content. Further we discuss about the stock
market and its exchanges like BSE, NSE, MCX and NCDEX. A stock
market is a market for the trading of company stock, and
derivatives of same; both of these are securities listed on a stock
exchange as well as those only traded privately.
The term 'the stock market' is a concept for the mechanism that
enables the trading of company stocks (collective shares), other
securities, and derivatives. Bonds are still traditionally traded in an
informal, over-the-counter market known as the bond market.
Commodities are traded in commodities markets, and derivatives
are traded in a variety of markets (but, like bonds, mostly 'over-
the-counter').
The size of the worldwide 'bond market' is estimated at $45 trillion.
The size of the 'stock market' is estimated at about $51 trillion.
The most prestigious exchange in the world is the New York Stock
Exchange (NYSE). The NYSE is the first type of exchange, where muctrading
is done face-to-face on a trading floor.
The NASDAQ –
The second type of exchange is the virtual sort called an over-the-
counter (OTC) market, of which the NASDAQ is the most popular. These
markets have no central location or floor brokers whatsoever. Trading is
done through a computer and telecommunications network of dealers.
The oldest exchange in Asia and the first exchange in the country to be granted
permanent recognition under the Securities Contract Regulation Act,1956. Bombay
Stock Exchange Limited (BSE) has had an interesting rise to prominence over the
past 130 years.
While the BSE is now synonymous With Dalal Street, it wasn't always so. In tact
the first venues of the earliest stock broker meetings in the 1850 were amidst
rather natural environs - under banyan trees - in front of the town hall, where
Harriman circle is now situated. A decade later, the brokers moved their venue to
another set of foiiage, this time under banyan trees at the Junction of Meadows
Street and Mahatma Gandhi Road. As the number of brokers increased. They had
to shift From place to place, and wherever they went. Through sheer habit. they
overflowed in to the streets. At last in 1874, found a permanent place. and one that
they could quite literally, call their own. The new place was, aptly. Called Dalal
Street.
The Journey of BSE: is as eventful and interesting as the history of India's
securities markets. India's biggest bourse, in terms of listed companies and market
capitalization’s had formulated comprehensive set of Rules and Regulations for the
Indian Capital Markets.
Moved from Open Outcry to Electronic Trading , within just -50 days.
INDICES OF BSE
For the premier Stock Exchange that pioneered the stock broking activity in India.
125 years of experience seem to be a proud milestone. A lot has changed since
1875 when 318 persons became members of what today is called "Bombay Stock
Exchange Limited" by paying a princely amount of Re 1.
Since then, the stock market in the country has passed through both good and
bad periods. The journey in the 20th century has not been an easy one. Tin the
decade eighties, there was no measure or scale that could precisely measure the
various ups and downs in the Indian stock market. Bombay Stock Exchange
Limited (BSE) in 1986 came out with a Stork Index that subsequently became the
barometer of the Indian Stock Market.
All about Sensex
Market capitalization of any company reflects the total value of a firm's equity
currently available in the market. Market capitalization is calculated by multiplying
the number of outstanding common shares of the firm and the current trading
price of those shares. Market capital of 'a firm normally exceeds the book value
because market prices tend to increase at a quicker than earnings accumulate due
to value placed on expected future growth.
Free float market capitalization is defined as that proportion of total shares issued
by the company which are readily available: for trading in the market. It generally
excludes promoters' holding. Government holding strategic holding and other
locked in shares that win not come to the market for trading in the normal course.
A free float factor s agreed upon for each of the component stock which is then
multiplied to the market capitalization figure to determine the free float market
capitalization.
Sensex Calculation
The Index Cell of the exchange does the day-to-day maintenance of the
index within the broad index policy framework set by the Index Committee. The
Index Cell ensures that SENSEX and all the other BSE indices maintain their
benchmark properties by striking a delicate balance between frequent
replacements in index and maintaining its historical continuity. The Index
Committee of the Exchange comprises of experts on capital markets from all
major market segments. They include Academicians, Fund-managers from leading
Mutual Funds, Finance-Journalists. Market Participants, Independent Governing
Board members and Exchange administration.
Sensex Value
The index Cell of, the exchange keeps a close watch oil the events that might affect
the index on a regular basis and carries out daily maintenance of all the 14 indices
Adjustments for Rights Issues
When a company included in the compilation of the index, issues right shares the
Free-float market capitalization of that company is increased by the number of
additional shares issued based cm the theoretical (ex-right) price. An offsetting or
proportionate adjustment is then made to the Base Market Capitalization (see 'Base
Market Capitalization Adjustment' below).
When a company included in the compilation the Index issues bonus Shares . The
market capitalization of that company does not undergo any change. Therefore,
there is no change in the Base Market Capitalization, only the 'number of-shares' in
the formula is updated.
Other Issues
Base Market Capitalization Adjustment is required when new shares are issued by
way of conversion of, debentures, mergers, spin-offs etc. or when equity is reduced
by way of buyback of share, corporate restructuring etc. There is many other BSE
index besides Sensex. Sensex is based on only 30 scripts. So there was a need felt
of a broad-based index. So there is BSE-100 Index.BSE-200 Index.BSE-500 Index
and Sectrol Index and Dollex Series of BSE Indices. They are working in its own
basis!
2.NATIONAL STOCK
EXCHANGE
(NSE)
The National Stork exchange of India limited has genesis in the report
of the I High Powered Study Group on Establishment of New Stock Exchanges,
which recommended promotion of a National Stock Exchanges by financial
institutions (FIs) to provide access to investors from all across the country on an
equal footing. Based on the recommendations, NSE was promoted by leading
Financial Institutions at the behest of the Government of India and was
incorporated in November 1992 as a tax-paving company unlike other stock
exchanges in the country.
NSE is one of the largest interactive VSAT based stock exchange in the world.
Today it supports more than 3000 VSATs. The NSE-network is the largest private
wide area network in the country and the first extended C- Band VSAT network in the
World. Currently more than 9000 users are trading on the real time-online NSE
application. There are over 15 large Computer system which include non-stop fault-
tolerant computers and high end UNIX server operational under one roof to support
the NSE applications. This Coupled with the nation wide VSAT network makes NSE
the country’s largest Information user.
NSCCL commenced clearing operations in April 1996. It has since completed more
than 1600 settlements (equities segment) without delays or disruptions. These all
above information is about BSE and NSE. Now details of Depository Server are going
to be mentioned here.
INDICES
S&P CNX NIFTY
S&P CNX Nifty is a well diversified 50 stock index accounting for 23 sectors
of the economy. It is used for a variety of Purposes such as bench marketing fund
portfolios, index based derivatives and index funds.
S&P CNX Nifty is owned and managed by India Index Services and Products Ltd.
(IISL), which is a joint venture between NSE and CRISIL IISL is India's first
specialized company focused upon the index as a core product. IISL have a
consulting and licensing agreement with Standard Poor's (S&P), who are world
leaders in index services.
The average total traded value for the last six months of all Nifty stocks is
approximately 54.64% of the traded value of all stocks on the NSE
Nifty stocks represent about 59.23% of the total market capitalization as oil
June 30, 2006.
Impact Cost of the S&P CNX Nifty for a portfolio size of Rs.5 million is 0.07%
S&P CNX Nifty is professionally maintained and is ideal for derivatives trading.
CNX Nifty Junior represents about 8.68% of the total market capitalization as
on June 30, 2006.
The average traded value for the last six months of all Junior Nifty stocks is
approximately 9.17% of the traded value of all stocks on the NSE
Impact cost for CNX Nifty Junior for a portfolio size of Rs.2.50 million is 0.15%
4. National Stock Exchange
Future and Options (NSE-
FNO)
'This section provides you with an Insight into the derivatives segment of NSE.
Real-time quotes and information regarding derivative products, trading systems
& processes, clearing and settlement, Risk management, statistics etc. are
available here.
FUTURES
OPTIONS
An option gives a person the right but not the obligation to buy or sell
something. An option is a contract between two parties wherein the buyer
receives a privilege for which he pays a fee (premium) and the seller accepts an
obligation for which he receives a fee. The premium is the price negotiated and
set when the option is bought or sold. A person who buys an option is said to be
long in the option. A person who sells (or writes) an option is said to be short in
the option.
Key shareholders
Financial Technologies (I) Ltd. State Bank of India and its associates. National
Bank to Agriculture and Rural Development (NABARD). National Stock Exchange
of India Ltd. (NSE), Fid Fund (Mauritius) Lid. - an affiliate of Fidelity International,
Corporation Bank, Union Bank of India, Canara Bank, Bank of India, Bank of
Baroda, HDFC Bank and SBI Life Insurance Co. Ltd.
Commodity Exchange
Futures Contract
The term 'Futures contract' is nowhere defined in the FCRA. But the Act
implies that it is a forward contract, which is not a specific delivery contract.
However, being a forward contract, it is necessarily "a contract for the delivery of
goods". A futures contract in which delivery is not intended is void (i.e. not
enforceable by law), and is, therefore, not permitted for trading at any commodity
exchange.
The quality parameters of the "basis" and the permissible tender able
varieties; the delivery months and schedules. the places of delivery, the "on" and
"off" allowances for the quality differences and the transport costs; the tradable
lots; the modes of price quotes; the procedures for regular periodical (mostly
daily) clearings: the payment of prescribed clearing and margin monies: the
transaction, Clearing and other fees: the arbitration, survey and other dispute
redressing methods; the manner Of settlement of outstanding transactions after
the last trading day. the penalties for no issuance Or non-acceptance of deliveries.
etc., are all predetermined by the rules and regulations of the commodity
exchange.
Consequently, the parties to the contract are required to negotiate only the
quantity to be bought and sold- and the price. Everything else is prescribed by
the Exchange. Because of the standardized nature of the futures contract, it can
be traded with ease at a moment’s notice.
The physical markets for, commodities deal in either cash or spot contract
for ready delivery and payment within 11 days- or forward (not futures) contracts
for delivery of goods and/or payment on price after 11 days. These contracts are
essentially party to party contracts. and are fulfilled by the seller giving delivery
of goods of a specified variety of a commodity as agreed to between the parties.
Rarely are these contracts for the actual or physical delivery allowed to be settled
otherwise than by Issuing or giving deliveries. Such situations may arise when
unforeseen and uncontrolled circumstances prevent the buyers and sellers from
receiving or taking deliveries. The contracts may then be settled mutually.
The two major economic functions of a commodity futures market are price
risk management and price discovery. Among these, the price risk management is
by far the most important, and is the of a commodity futures market.
The need for price risk management, through what is commonly called
"hedging", arises from price risks in most commodities. The larger, the more
frequent and the more unforeseen is the price variability in a commodity, the
greater is the price risk in it. Whereas insurance companies offer suitable policies
to cover the risks of physical commodity losses due to fire, pilferage, transport
mishaps. They do not cover similarly the risks of value losses resulting from
adverse price variations. The reason for this is obvious. The value losses emerging
From price risks are much larger and the probability of the recurrence is far more
frequent than the physical losses in both the quantity and quantity of good caused
by accidental fires and mishaps or occasional thefts.
NCDEX is a public limited company incorporated on April 23. 2003 under the
Companies Act. 1956. It obtained its Certificate for Commencement of Business
on May 9. 2001. It has commenced its operations on December 15, 2003. NCDEX
is a nation-level technology driven de-mutulized on-line commodity exchange with
an independent Board of Directors and professionals not having any vested
interest in commodity markets. It is committed to provide a world-class
commodity exchange platform for market participants to trade in a wide spectrum
of commodity derivatives driven by best global practices, professionalism and
transparency.
Although India had a vibrant capital market which is more than a century
old, the paper-based settlement of trades caused substantial problems like bad
delivery and delayed transfer of title till recently. The enactment of' Depositories
Act in August 1996 paved the way for establishment of NSDL, the first depository
in India. This depository promoted by institutions of national stature responsible for
economic development of the Country has since established a national
infrastructure of international standard that handles most of the settlement of
securities in dematerialized form in Indian capital market.
Using innovative and flexible technology systems. NSDL works to support the
investors and brokers in the capital market of the country. NSDL aims at ensuring
the safety and soundness of Indian marketplaces by developing settlement
solutions that increase efficiency, minimize risk and reduce costs. At NSDL we play
a quiet but central role in developing products and services that will continue to
nurture the growing needs of the financial services industry.
2. Honorable Union Finance Minister, Shri Yashwant Sinha flagged off the
operations of CDSL on July 15. 1999.
All leading stock exchanges like the National Stock Exchange. Calcutta Stock
Exchange, Delhi Stock Exchange. The Stock Exchange, Ahmedabad, etc have
established connectivity with CDSL. As at the end of Dec 2005, over 5000 issuers
have admitted their securities (equities. bonds, debentures, and commercial
papers), units of mutual funds, certificate of deposits etc. into the CDSL system.
EQUITIES
Funds brought into a business by its shareholders arc called equity.
It is a measure of a stake of a person or group of persons starting a
business.
Investing in equity
When you buy a company's equity, you are in effect financing it, and
being compensated with a stake in the business. You become part-owner
of the company, entitled to dividends and other benefits that the company
may announce, but without any guarantee of a return on your
investments.
Fundamental analysis
Financial ratios
A ratio is a comparison of two figures. They are called from the financial
statements of a company. These help in assessing the financial health of a
company. It could be a ratio between items from a balance sheet versus
another item on the balance sheet. Or it could be a ratio between one
figures of the balance sheet with a figure from profit and Loss account or
it could be comparison of one year's figure with a figure from the previous
year. For example Return on Equity=Net profit (A profit and a Loss figure)
divided by Net Worth (a balance sheet figure) in percentage terms.
Various kinds of financial ratios
There are many financial ratios. Some of the better known include:
Liquidity Ratios: Liquidity ratio measures the ability of a firm to meet its
current obligations. Liquidity ratios by establishing a relationship between
cash and other current assets to current obligations give measure of
liquidity .e.g. Current ratio [CR] = Current Assets/Current liabilities. A
high CR ratio (>2.5) indicates that a company can meets its short term
liabilities.
Leverage Ratios: Leverage ratio Indicates the proportion of debt and equity in
financing the firm’s assets. They indicate the funds provided by owners and
lenders.e.g .-------- Indicates that the company’s credit profile is bad.
Activity Ratios: Activity ratios are employed to evaluate the efficiency with which
firms manage and run their assets. They are also called turnover ratio. e.g.-- Sales
Turnover ratio = sales/total assets. A Sales Turnover ratio indicates how much
business a company generates for every additional rupee invested.
Profitability Ratios: These ratios indicate the level of profitability of the business
with relation to the inputs or capital employed. Some better-known profit ratios
include operating profit margin (OPM). Operating profit margin is a measure of the
company’s efficiency, either in isolation or in comparison to its peers.
Earning Per Share (EPS): EPS represents the portion of a company's profit
allocated to each outstanding share of common stock. Net income (reported or
estimated) for a period of time is divided by the total number of shares outstanding
during that period. It is one of the measures of the profitability of common
shareholder's investments. It is given by profit after tax (PAT) divided by number of
common shares outstanding.
Price earning multiple is ratio between market value per share and earning per
share.
(of a common share) The Company's Net worth (which is paid-up capital + reserves
& surplus) divided by number of shares outstanding.
Market value to book value ratio (MV/BV ratio):
It is the ratio between the market price of a security and Book Value of the security
Technical Analysis
Technical analysis is the study of historic price movements of securities and trading
volumes. Technical analysts believe that prices of the securities are determined
largely by forces of demand and supply. Share prices move in patterns which are
easily identifiable. Crucial insights into these patterns can be obtained by keeping
track of price charts, leading to predictions that a stock price may move up or down.
The belief is that by knowing the past, future prices can predict.
DERIVATIVES
The term "Derivative" indicates that it has no independent value, i.e. its
value is entirely "derived" from the value of the underlying asset. The underlying
asset can be securities, commodities, bullion, currency, live stock or anything
else. In other, derivative means a forward, future, option or any other hybrid
contract of pre determined fixed duration, linked for the purpose of contract
fulfillment to the value of a specified real or financial asset or to an index of
securities.
With Securities Laws (Second Amendment) Act, 1999. Derivatives has been
included in the definition of Securities. The term Derivative has been defined in
Securities Contracts (Regulations) Act, as:-
A- Derivative includes: -
(a) A security derived from a debt instrument, share, loan, whether secured or
unsecured risk instrument or contract for differences or any other form of
security.
(h) A contract which derives its value from the prices, or index of prices of
underlying securities;
Futures Contract
Option contract
An Option to buy is called Call option and option to sell is called put option.
Further, if an option that is exercisable on or before the expiry date is called
American option and one that is exercisable only on expiry date, is called European
option. The price at which the option is to he exercised is called Strike price or
Exercise price.
Therefore, in the case of American options the buyer has the right to exercise
the option at anytime on or before the expiry date. This request for exercise is
submitted to the Exchange, which randomly assigns the exercise request to the
sellers of the options, who are obligated to settle the terms of the contract within a
specified time frame.
Derivative trading in India takes can place either on a separate and independent
Derivative Exchange or on a separate segment of an existing Stock Exchange.
Derivative Exchange/Segment function as a Self-Regulatory Organization (SRO)
and SEBI acts as the oversight regulator. The clearing & settlement of all trades on
the Derivative Exchange/Segment would have to he through a Clearing
Corporation/House, which is independent in governance and membership from the
Derivative Exchange/Segment.
COMMODITIES
Commodity includes all kinds of goods. FCRA defines "goods" as "every
kind of movable property other than actionable claims, money and securities".
Futures' trading is organized in such goods or commodities as are permitted by
the Central government. At present, all goods and products of agricultural
(including plantation), mineral and fossil origin are allowed for futures trading
under the auspices of the commodity exchanges recognized under the FCRA. The
national commodity exchanges have been recognized by the Central Government
for organizing trading in all permissible commodities which include precious (gold
& silver) and nonferrous metals, cereals and pulses, ginned and unlined cotton,
oilseeds, oils and oilcakes, raw .lute and jute goods, sugar and gaur, potatoes and
onions coffee and tea: rubber and spices, etc.
Commodity Markets
This article focuses on the history and current debates regarding global
commodity markets. It covers physical product (food, metals, and electricity)
markets but not the ways that services, including those of governments. nor
investment. nor debt, can be seen as a commodity. Articles on reinsurance
markets, stock markets, bond markets and currency markets cover those
concerns separately and in more depth. One focus of this article is the
relationship between simple commodity money and the more complex instruments
offered in the commodity markets.
Forward contracts
Commodity futures trading have recently been under the scanner as it being
touted as one of the causes for the spiraling agricultural commodity prices. The
concerns may well he misplaced: hardening prices may have more to do with a
genuine shortfall in production and the government inability to frequently
intervene in the market duty to a sharp decline in food grains stock.
Hedgers: They face risk associated with the price of an asset. They use the
futures market to eliminate this price risk. For example - farmers, producers and
consumers.
Speculators: They are participants who wish to bet on future movements in the
price of an asset. Futures allow them leverage for taking bigger risks and
increasing their potential for bigger gains or losses.
Investors: They work with a long-term horizon in mind. Such people can enter a
particular contract and roll over to the next month contract allowing hem good
leverage on payments of exchange stipulated margins.
First, find a broker that has the membership of exchanges that trade in the
commodity of your interest and verify the credentials of the broker. Client
membership fees range any where between 50,000 to Rs. 1 lakh. Obtaining a
Demat account is optional in case of MCX, and compulsory in NCDEX. The investor
has to pay the broker a margin ranging between 5% to 10% of the price of the
commodity, depending on the volatility. Consider gold, To invest in 1 kg of gold,
the investor has to pay an initial margin Rs. 47,500 (5%) of the price. Rs. 9,
50,000 (taking the price as 9.500/10g). On a daily basis, the investor has to pay
the broker the difference between the daily price and the price at which the
purchase was Ade. If there has been a loss, it has to be paid up as a margin
called mark to market margin. If the price of a commodity is very volatile, the
exchange could introduce a special margin to control the market. As per the
contracts, the exchange can levy a special margin if prices rise over 2% above the
previous close.
Trading account
&
Share Trading
1. An account similar to a traditional bank account, holding cash
and securities, and is administered by an investment dealer.
2. An account held at a financial institution and administered by
an investment dealer that the account holder uses to employ
a trading strategy rather than a buy-and-hold investment
strategy
The biggest enemies of any trader are fear and greed. Gamblers
call fear "playing with scared money" and that's a good phrase for
the investor to keep in mind as well. If you are playing with scared
money, that means that you cannot afford to lose that money and
you are going to make knee-jerk decisions based upon that fear.
That's a surefire recipe for failure.
Day Trading
Day traders buy and sell stocks throughout the day in the hope that
the price of the stocks will fluctuate in value during the day,
allowing them to earn quick profits.
Swing Traders
The principal difference between day trading and swing trading is
that swing traders will normally have a slightly longer time horizon
than day traders for holding a position in a stock.
Position Trading
Position trading is similar to swing trading, but with a longer time
horizon. Position traders hold stocks for a time period anywhere
from one day to several weeks or months.
Online Trading
Online trading is not really properly described as a trading style.
Rather, online trading is simply a term that refers to the medium
used to enter and execute trades.
Trading Strategies
Stock trading strategies are a particular "game plan" that outlines
how you are going to participate in the stock market
Four main investment objectives cover how you accomplish most
financial goals.
Learn the basic - trading is not a get rich quick scheme.
Electronically -:
While this system lacks the romantic and exciting images of the
NYSE floor, it is efficient and fast.
Many large institutional traders, such as pension funds, mutual
funds, and so forth, prefer this method of trading.
How Stocks Trade-:
Most stocks are traded on exchanges, which are places where
buyers and sellers meet and decide on a price.
Some exchanges are physical locations where transactions are
carried out on a trading floor.
The other type of exchange is virtual, composed of a network of
computers where trades are made electronically.
And while it is not flawless, it's a lot smarter than most of us are.
Before selecting a software package, download and try it out first. If
the program that you are considering doesn't have a free trial, or a
100% money-back guarantee, then pass and look for another.
Although there are software packages that specialize in one
particular function, such as providing real-time stock quotes, for
example, you would be better off to select an all-in-one package
that provides everything you need to make informed decisions.
1. Low commissions
2.Quick Information
3. No interference – free to invest
4. 24/7/365
5. Right here, right now!
6. No investment threshold
Low commissions
Before the days when it was possible to trade online, anyone who
wanted to invest in the stock market needed to retain the services
of a broker – something that still exists today, regardless of the fact
of whether or not you are trading online.
Information
Knowing just the right moment when to buy stock or when to sell
stock is what will set you apart as a successful trader from the
millions of ordinary traders or, even, those traders who manage to
lose money.
Having said that, in order to get your hands on this information you
either need to (a) find it yourself, or (b) have it provided to you, or
(c) experience some pure luck – if not a combination of all three.
One major advantage that trading via the Internet has is the fact
that you cannot be stopped or dissuaded from investing in a
particular stock.
In other words, if you like the look of a stock, you simply log-on to
your online brokerage account and instruct your broker to purchase
the stock in question. However, if you trade in the real world, using
a live broker, trading may not be that easy.
24/7/365
If you didn’t already know it, the Internet never closes, nor does it
shut down to sleep, rest or take a day off.
By trading online you can move your investments around the world
24/7/365, thereby making sure you take full advantage of what is
going on in the world as it happens!
Top Online Stock
Trading Sites
Online stock trading sites offer investors access to a variety of tools
and research that just a few years ago were only available through
full service brokerage accounts.
There are many online stock trading sites to choose from, but
narrowing down the field may seem time consuming and
overwhelming.
Charles Schwab
E*Trade
Fidelity
Firstrade
Muriel Siebert
OptionsXpress
Scottrade
TD Ameritrade
Online Share trading
process
Investor who wishing to invest in share gets all the stock details in
which he is interested .after analyzing all data he place buy order
via share broker or online. When his order confirms cash is transfer.
Investor who wishing to sale his shares place the sale order, when
sale order is confirms cash is transfer.
Bibliography -:
Website
www.bseindia.com
www.nseindia.com
www.wikipedia.com
www.nedexindia.com
www.equitymaster.com
www.myiris.com
www.tradeindia.com
www.gogle.com
Value line
Business today
Books
Security analysis