The share market in India, also known as the stock market or the equity market, is a forum where shares of publicly listed companies are purchased and traded. The two main stock exchanges functioning in India are the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The Indian share market has seen a substantial change in recent years and is viewed as one of the fastest-growing markets in the world. It presents a broad range of investment options to investors, including shares of large-cap, mid-cap, and small-cap companies, as well as mutual funds, exchange-traded funds (ETFs), and other financial instruments.
Investors can get involved in the share market through various modes, such as mutual funds, direct investment in shares, or through a broker. The share market is controlled and managed by the Securities and Exchange Board of India (SEBI) to assure transparency and justice in trading.
The trading industry has seen a notable shift from trading shares physically to online apps in recent years, and this trend is expected to continue. The main grounds for this shift are comfort, accessibility, and cost-effectiveness.
There was a time when investors had to contact the stock exchange which would then put them on hold as they were associated with a stockbroker who, in return, demanded funds to purchase stocks for the investors.
Online trading apps allow investors the comfort of trading from anywhere and anytime, with just a few clicks on their smartphones. They also allow access to a vast degree of investment options, such as mutual funds, stocks, and ETFs. Moreover, online trading apps are cost-effective, as they provide lower brokerage fees and no account opening fees compared to traditional brokers.
Also, online trading apps offer investors real-time market data, research, and analysis, helping them to make informed investment decisions. They also offer various features, such as margin trading, stop-loss orders, and portfolio management tools, which enable investors to handle their investments efficiently.
As more and more investors in India become tech-savvy and relaxed with online transactions, the trend of trading shifting from offline to online apps is likely to continue in the future.
Benefits Of Online Share Market App
With the surfacing of technology, we are nowadays witnessing online platforms gaining traction in the world of finance. Website portals and online trading apps have sizably improved accessibility to the stock market. A new mobile trading app is launched almost every month.
Some features that the best share trading app should have are –
Orders can be placed fast and effortlessly on mobile trading apps. The ease of use is much more significant in comparison to desktop terminals.
Analysis and charts
One of the best share trading app features is the historical charts and analysis facility that permits you to look at prior indices data, and stock prices and provides analytical tools for the same.
Trading apps also present insight from specialists or brokerage firms in the form of up-to-date research news.
One of the winsome qualities of share market apps is the notification feature. The app will send you alerts to inform you about the newest occasions in your portfolio as well as broker recommendations, regardless of your location.
Features Of The Best Trading App For Beginners
The best trading app for beginners gives access to business news that is suitable for current events. This contains the latest industry-related announcements, such as introducing new products or company earnings reports.
You will require easy access to this information to be aware of the current happenings with your investments at all times. However, not every app offers these facts, so be sure to research what is available and which will best fit your needs.
There are many apps available in the market today, so it is best if you choose apps with the best features. The features should match your needs. Some of the features are –
Volume Of Trades
Investors attempting to make some quick cash on their investments require an app that allows them to set multiple trades at once. It should allow the investor to invest even the smallest amount.
Users should consistently have a pass to their trading account, irrespective of their device and location.
Timing is a huge factor in trading. Share prices can modify in a matter of minutes, and that can result in a huge profit or loss to investors.
Trading apps are assumed to function as tools that aid you in trading. Regardless of whether you do intraday trades or some other type of trading, the speed of the app should be good. Trading apps that have slow speed and would hinder your pace are of no good. Therefore, the best trading app should have a speed that does not hinder its performance.
It is necessary for trading apps or software to help you perform very complex trades but to also do it with an interface that is easy and straightforward. You must have access to a user-friendly trading app to be able to steer through it in a hassle-free way. If the interface of the app you are utilizing is not uncomplicated, you may skip some excellent trading options.
Notifications And Alerts
Investors who want to stay updated on their investments require access to investment signals and notices about changes in their account balance or portfolio values. Some apps offer more investment alerts than others, so you will want to choose your trading app carefully.
To get the most out of any stock market app, you will want to take benefit of the customer service features offered. Some investors favor calling over chatting online with a company representative. Analyze all the trading apps before deciding on an app.
These were some of the features which must be kept in mind by an investor before deciding on a stock market app. To make money in the stock market, it is necessary that you have real-time access to information about happenings in financial markets.