Since the founding of Asia’s oldest stock exchange, the BSE or Bombay Stock Exchange, in 1875, Indian investors have been able to buy and sell stocks, shares and other securities as a method of growing their wealth. The founding of the NSE in 1992 and the advent of modern technology have made stock trading more accessible to the masses than ever before.

A suite of apps now enables investors, both big and small, to buy, sell and even manage their portfolios entirely from their mobile phones. So, let’s talk more about these apps, shall we?

Introduction to Trading Apps

To begin one’s investment journey, one needs to first open a trading account. Also called a demat or dematerialised account, it allows users to participate in buying, selling and holding stocks, shares, and indices and future options. Once, this involved making phone calls to the BSE or NSE to buy stocks and shares through bank transfers and being given physical certificates of stock ownership in return.

With the advent and growing popularity of the internet, many banks and stock purchasing institutions moved their services online, enabling investors and bankers to buy shares online.

Nor is this convenience solely limited to websites and desktops, as there is also now a slew of apps that enable their users to perform all the many functions of a share market from their mobile phones. To find these apps, one needs only open up an app store or mobile search engine and type in something like ‘online investment app.’

Some of these apps also allow users to trade in options and futures, which allows users to buy or sell securities at a pre-agreed-upon price within a specific timeline. To find such an app, one can simply look up ‘option trading app india.’ And, will find dozens of options which they can browse through and find an app that best suits their needs.

These apps come with many additional features that allow their users to better manage their portfolios and place orders.

Conclusion

Though stock market trading has a long history, originating in 1602 and coming to India in 1875. It was once quite a complicated process involving tracking price movements and fluctuations through papers and cable news, and then placing orders through phone calls or wire orders. The rise of the internet and mobile phones has made investing far more accessible for even the common man, by passing the otherwise lengthy process.

Much of that aforementioned complicated process can now be done through the use of an ‘online trading app.’ These apps allow their users to buy and sell stocks and shares, manage their portfolios, all entirely from their mobile devices.

However, as tempting as convenience can be, it is still important not to rush into things; investment is a trial of patience. It must be approached with understanding and calm, to ensure profits and avoid losses. One should understand how the market might be influenced by political or economic changes to allow them to predict how prices might move.