How can I buy my first stock?

To buy your first stock in India, you need a Demat and trading account with a registered broker like Angel One. Choose a stock, analyze its performance, and place an order through your trading platform. Investing in stocks helps grow your wealth over time.

1. Open a Demat and Trading Account

A Demat account holds your shares in electronic form, while a trading account allows you to buy and sell stocks. You can open these accounts with brokers like Angel One.

• Choose a SEBI-registered broker.
• Complete the KYC process with PAN, Aadhaar, and bank details.
• Link your bank account for seamless transactions.

2. Research and Select a Stock

Before buying a stock, research its financials, performance, and industry trends.

• Check the company’s fundamentals – revenue, profit, and debt levels.
• Analyze historical stock performance to understand market trends.
• Read expert recommendations and stay updated with market news.

3. Place Your First Order

Once you have chosen a stock, you can place an order through your broker’s trading platform.

• Market Order: Buy at the current market price.
• Limit Order: Set a price and buy when the stock reaches it.
• Stop-Loss Order: Protect against losses by setting an automatic sell price.

4. Monitor Your Investment

After buying your first stock, track its performance regularly. Follow market trends, read financial news, and adjust your investment strategy as needed.