Upstox : Working and Strategy

 Upstox : Working and Strategy

Upstox is a platform which offers individuals to open a demat and trading account without spending a single penny!

It offers an access to 100+ indicators and various charting tools. One can get into brokerage free equity delivery trades. It is considered to be India’s leading discount broker sharing trading online at low brokerage. They have much to offer like equity trading, derivatives trading, futures and options trading, etc. it provides a simple yet the smartest way to get into IPO, mutual funds, digital gold, futures and options, commodities, NFO, stocks, etc.

There are multiple investment opportunities available at a single platform. Various assets can be chosen and a customised profile can also be created. Long term investors, pro traders and part time traders have utilised the facilities which upstox offers. The stocks have quite a simple and user friendly interface. It is fast and easy with zero brokerage on stock investments. Rs 20 has to be paid for per order intraday trading.

There are more than 2000 mutual funds schemes to pick from. Higher returns can be earned on direct mutual funds. Upstox is not biased towards anyone. One can invest as low as Rs 500 here. The Digital Gold is yet another option of investment. One can invest as low as Re 1 and buy and sell anytime anywhere. Individuals can also invest in stocks before they are listed through IPOs. Application of IPOs can be done through UPI and can be tracked easily.

In the Futures and Options plan, one just has to pay upto Rs 20 per order. It includes an option chain along with a strategy mode. It also includes amazing stuffs like TradingView and ChartsIQ chart libraries. Their commitment is towards making investments easy and accessible to everyone. They have enabled many individuals to achieve their dreams of finance since 2016. The platform provided is powerful and easy for all investment related processes. The account opening process is completely digital. It involves no hassle and is completely paperless.

The investment involved is informed and intuitive. Better decision making gets possible because of news, charts and financial data. It is extremely fast and secure along with a comprehensive 2FA authentication. It has been driven by technology and trusted by many. It has been backed up by marquee investors like Tiger Global Management and Mr Ratan Tata.

Rs 0 brokerage is required for investing in stocks more than a day. Intraday trading and futures and options require Rs 20 only. There is Rs 0 commission on investing in mutual funds and digital gold. Also, there are no charges for opening a demat and trading account with Upstox.

Stock markets have been giving competitive returns when compared with other options. It is considered to be one of the most important factor in any country’s economy. It basically provides a market where one can buy stocks, bonds and commodities. The stockbroker’s job is to pass on the order to the stock market. Rest of the proceedings are carried out the seller and buyer is fixed.

The main purpose of stock market is growth, maintenance, R&D or debt settlement. One can buy shares of a company in which the capital invested is used by the owners for the reasons mentioned. It works in primary and secondary market. The prices of the shares changes with time. They are never constant. It is impacted by demands and supplies.

 

  • STRATEGIES FOR UPSTOX

One can trade in liquid stocks. Liquidity is considered to be quite essential before opting for stocks. One should go for stocks which are liquid because they have buyers which will help in booking your profits. The stocks with lesser liquid do not provide this opportunity to the investor.

Trend is very imperative when it comes to investment. Always try to follow the present trend. One should have the potential to recognise stocks having worth.

Researching is always advised when it comes to finances. Carry out proper research before getting in any type of investment. Analysis should be done on technical and fundamental aspects. Try to identify the index that are bound to rise. Proceed with the sector of your interest and invest in it.

Volatile stocks tend to move in an unpredictable manner. Immense loss of money can be seen if not chosen wisely. They have low daily trading volumes and belong to the low-cap or mid-cap category.

Correlation stocks are quite good for trading purposes. Higher correlation with major sectors and indices should be preferred. The stock’s price will rise with the upward movement of the index.

Chetna Singh

Related post