Who does not love to have some extra income? Particularly when one can continue with the regular business or job and at a limited risk and capital if one can get some extra income; it can be an opportunity no one would like to miss. Well, one may think that how is it possible but if one looks at the stock market and opportunity of earning, one may have to change his views and thinking. Yes, the stock market has such segments and options that can help one earn a handsome profit with a small capital and a little risk. The only condition is one need to have the insight of the trading and knowledge of the market.
In the stock market, the trading is a regular practice. The transactions done here are on the computer, and the whole system is completely automatic. One needs to get a trading and demat account before starting the trading. There are primarily two segments which are known as cash and derivatives. In the cash segment, there are intraday and delivery based trading, and one can go for any of them as per own strategy. However, to make the profit in the short term, the intraday trading is preferred by the traders. For effective trading and profit making one needs to get the best trading account which can be an offline or an online account. It all depends on the client what he prefers as both of these accounts have pros and cons which one needs to analyze before going for any of these accounts. In this age, a majority of the client prefer to have an online account only.
- Advantages of online account:
- Here one can have complete command on his account. He can know the credit limit and trade accordingly only.
- One can easily view the account
- One can place order himself and does not need to depend for the same as well as to change the limits.
- One can know the execution of the order immediately
- One does not depend on any external support system
- Limitations of online account:
- One needs to know how to place the order
- One needs to have time to monitor the market regularly
- One needs to have an internet connection with high speed and a computer or a Smartphone
- If one is busy in job or business, this type of account cannot be of much help
One can consider own profile and see if the online account will be helpful to him in attaining the desired profit or not. If the answer is negative, it is better to go for an offline account where one can have the support of the bolt operator. Here one can just call the operator and know the market situation as well as instruct to place the order if he wishes to. The operator keeps him updated about the transaction and if the order is executed or not. One does not need to get his job or business disturbed due to trading in this type of account.