TRADING ACCOUNT
A trading account is an investment account that allows individuals or entities to trade securities and serves as a gateway for conducting transactions in the stock market ¹. Here are some key points to consider ¹ ² ³:
- A trading account is typically opened with a broking firm.
- The account holder deposits funds into the trading account, which can be used to acquire securities or other financial instruments.
- The trading account summarizes the transactions carried out by the investor, including details such as the stock purchased, the quantity and the price paid for it.
- The account also includes details of the investor's holdings, transactions and cash balances.
- To start trading, you would need to open a trading account and a Demat account with a registered broker, complete the KYC process, deposit funds into your account, and begin trading by placing buy or sell orders through the broker’s platform.
