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It is obvious that having credit card present when the transaction is being processed will reduce chances of fraud.
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Meaning of Online Stock Trading
Stock trading which is conducted through computers having internet connections is called online stock trading. You can use your home PC or an internet café and now days even your mobile phone to place orders.
You would need 3 separate accounts to get started for online trading. These include a demat account Cheap Nike Air Max DLX , a savings account and a trading account.
A demat account holds all securities in electronic form in contrast to the earlier practice of holding physical certificates. When an investor buys securities, the amount is debited from his account and when he sells securities, the amount is credited to his account. This has made the process of stock trading hassle free and reduced brokerage charges significantly.
To open an account, the investor has to approach a Depository Participant and enter into a contract with them. A savings bank account is required to start online stock trading as all cash outflows and inflows take place through this savings account.
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