How to start investing in stock market?
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The formula for investing in stocks for beginners is simple. Just follow these below-mentioned steps.
Select a SEBI-approved and recognised stock brokerage platform to open your DEMAT and trading account – Mirae Asset, for instance.
Provide the necessary documents (ID, address, and income proof) and complete the Know Your Customer (KYC) process.
Login to your DEMAT account with the username and default password and change it to something strong. Memorise the password.
Research about the stocks you wish to buy by considering your risk appetite, investment goals, and preferred investment duration. Also, assess the past performance of the stocks you choose across various market cycles to check how stably it has generated returns.
Decide on the order quantity and optimise your investment portfolio with diversification to mitigate your investment risks.