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Finding a Perfect Financial Website for Trading in Stocks

posted February 17, 2008 - 11:27am
Finding a Perfect Financial Website for Trading in Stocks

A Financial Website helps to track your finances. People feel good when their shares rise, cautious when they fall, and generally like to be in the loop as far as information goes. A perfect financial website helps you to get a perfect information at all the time. Such a site is helpful to make some money with information on time.
Why, to look at stock market-oriented websites at a time when the markets seem to be going south? Because, as the gurus say, down can be good. That’s when you must consider getting in. But regardless of timing, there are various websites out there that can help you sort out your personal finances. And it’s never too late!
Some sites offer the facility to trade, others do not. Of course, online trading needs some formalities to do before starting. Opening a demat and a securities account isn’t difficult.

ICICI bank site www.icicidirect.com and HDFC bank’s www.hdfcsec.com provide broking operations.

www.timesofmoney.com allows you to research and invest in mutual funds as well as buy insurance;

www.indiainfoline.com combines stock market research and stockbroking.

Sites such as Angel Broking and Motilal Oswal work cheaper in terms of the brokerage.

Bankers as brokers work out simple for many people—both HDFCsec and ICICIdirect have reasonably comprehensive securities sites with options for trading online or through calls to a dedicated trading number. Settlement is smooth, and your securities and savings accounts are all nicely linked and easily reconciled.

www.moneycontrol.com doesnot allow buy or sell through, but it offers good immediate coverage and commentary. Pick a stock, check its history, its results, work out industry comparisons, and scan your company’s corporate announcements—moneycontrol lets you do all of that.

One can also get comprehensive information on the BSE (www.bseindia.com) and NSE (www.nseindia.com) sites . These are important sites, as they have access to accurate financial results and all the mandatory information that any public company is required by law to file.
Advisory sites are : commentary-based sites like www.capitalideas.com and www.myriris.com and www.valuenotes.com provide access to detailed company research reports and analysis. Online editions of business publications as well as investing blogs like www.Deadpresident.blogspot.com are good sources of information too.

Choose a Good Broker :
following tips help in choosing a good broker to have a safe and informed trading

Brand of the broking agency: Known names like ICICI, Kotak etc. suggest more dependability

Infrastructure of the broking firm: Offices, employees; big is generally good

Capital base and number of investors: More is good; less susceptible to volatility

Research quality: Check the last recommendations of the firm

Facilities: Do they offer account holding, demat, securities, access to research?

Charges: Check brokerage rates and cost of maintaining accounts



Comments

very very good

post...my personal fav is moneycontrol for research and P/f maintenance and icicdirect for trading... also capitalmarkets.com and valueresearchonline.com are great sites for stocks and mfs respectively Make Money. Join XOMBA! let's preserve the world for our children, thats the least they deserve...

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