How to buy shares from a mobile phone in 2023?
Hello, friends! How are you doing today? You are very welcome to this post. As you all know, nowadays, every person wants to earn money in the share market. However, due to a lack of information, many people feel helpless. That’s why today, I will provide you with detailed information on how to invest in the share market and earn money. Only a few people know about it, so people keep searching for it.
One very important topic related to the stock market, especially for new investors, is how to buy shares from a mobile phone. Today, we are going to discuss this topic in detail and provide you with information about the best platform to buy shares.
If you have recently started learning about the share market, then you must read this article until the end. You will find this information useful. Let’s start this post today without further delay.
How to buy shares from a mobile phone?
In the past, the process of buying shares used to be very long, which deterred many people from investing in the market. However, buying shares has become much easier now due to the increasing use of the internet, and this is the main reason. Almost all stockbrokers have launched their mobile applications.
Rules for buying shares from a mobile phone
You can download a stockbroker’s mobile application and open your demat account from the comfort of your home. You can then invest in your favorite stocks.
The simple process of buying shares online through a stockbroker’s mobile application is as follows:
- First, open your demat account with a trusted stockbroker. There are many types of discount stockbrokers available in the market where you can open your demat account for free, such as Groww, Upstox, Zerodha, etc.
- After opening the demat account, log in to the stockbroker’s application, where you have to click on the buy option. Then select the company whose shares you want to buy.
- Enter the number of shares you want to buy and fill in the share price. Click on the OK option. After that, the stockbroker will place your order in the share market.
- The shares you have bought will be credited to your demat account within two business days, and the money will be deducted from your bank account.
- Similarly, you can sell shares through the stockbroker’s application. However, before buying shares in the stock market, you should research the company thoroughly to understand the stock market well.
Which is the best mobile application to buy shares?
If you have some knowledge of the stock market, you know that you cannot trade directly in the stock market without an intermediary, i.e., a stockbroker. A stockbroker can be an individual, organization, or company with knowledge of the stock market. Many companies in the stock market provide the service of a broker. You can easily buy shares by downloading their mobile application on your mobile phone.
How to Buy Shares on Groww App?
- Download the Groww application from Google Play Store and install it on your mobile phone. Open your demat account on the Groww application. It takes 24 to 48 hours to verify the demat account.
- After verifying the account, you can buy shares from the Groww application. Log in to the Groww application by entering your username and password.
- On the home screen, you will find the option of Stock, click on it. You will see the names of many companies and their share prices. Click on the company whose shares you want to buy.
- Then you have to click on the buy option. Now, you have to fill in some basic information related to buying shares. For example, in the Share Type, you can select either Intraday or Delivery. Select the type of share you want to buy.
- In Qty, you can select BSE or NSE, which is a type of quality, and the number of shares you want to buy. Enter that number. In the price option, you can select Market or Limit.
- There is a difference between these two. If you select the market, you can buy that share immediately at the market price. If limit is selected, you will be able to buy that share only when it reaches the limit set by you.
- After completing these processes, you will be told the total price of the share. Finally, click on Buy Now and buy shares by paying.
So, friends, in this way, you can easily buy any share with the help of the Grow application. If you want to sell the share, then select Sell and sell the one you want by clicking on the sale option.
So, friends, through this post, I have given you detailed information about how to buy shares. I have also told you about the rules for buying shares. This blog post has provided you with basic information on how to buy shares if you are still new to the share market. By following all the things mentioned in this post, it will help you to buy a good share.
If you have any questions related to this post, then you must tell us by commenting below. Also, if you like this post, then do share it with your friends on social media.