CompareShareBrokers Latest Blogs  (95)

HDFC Securities is highly recommended, convenient and popular among the NRI investors who want to invest in the Indian stock market and mutual funds but the downside is HDFC Securities does not provide the online 3-in-1 account facility to US & Canada customers and charges very high brokerage vs its peers.

CDSL — Central Depository Services Limited introduced TPIN (Transaction Personal Identification Number) in June 2020 and made it compulsory for all stockbrokers to use TPIN while selling the trader's stocks online. CDSL TPIN acts as an added safeguard to the trader's Demat account.

One needs a savings account to keep their money secure and carry on financial transactions safely like money transfer, paying bills, shopping, and many more. A Demat account acts as a savings account used to keep financial securities like shares, mutual funds, bonds, IPOs, and other financial securities safe.

Algorithmic Trading, better known as Algo Trading, is a trading method in the stock market carried out by algorithm-based software, which is inbuilt AI technology with pre-defined processes to calculate the trading and predict the future prices. In addition, Algo Trading software eliminates the chances of human error as it is built by machine learning to have a 99% error-free formula. 

Zerodha Streak is an Algo Trading method developed by Zerodha, Zerodha Streak, a semi-automated algorithm cloud-based platform, is great for those who wish to trade using the automated features, helping them trade in large volumes and scale their portfolio.

GTT order allows the trader to buy the stock and keep it in the account until the trigger amount hits or one year after the order is placed — whichever comes first. Thus, the GTT order helps the investor to maintain their portfolio safely and efficiently.

LTP is a stock's Last Traded Price, the final rate the order gets executed on the exchange. LTP helps the traders study the stock price of previous days and weeks and predict the stock price in the future. The last traded price helps the trader to determine whether to purchase or sell the stocks.

BTST — Buy Today, Sell Tomorrow is a strategy in the stock market that allows the trader to buy the stocks and sell them before the stocks are credited in the Demat account. BTST is only available when the trader buys stocks through CNC (Cash and Carry) products — equity trading.

A Demat and trading account in the name of minors will encourage them to learn the significance of investment from an early age. As the child reaches a certain age where they begin to understand investment fundamentals, the parents or legal guardians need to explain how the capital grows and the values of wealth in the future. Thus, learning at a young age promotes a good sense of investment in the child's future.

Contact notes serve as legal investment records of the executed trades that mention all details of the transactions — Broker details, order number and time of the order executed, trade number and time, security traded points, buy and sell quantity, trade details, and the total brokerage amount.