Posted on 0 comments

How To Buy Stocks? A Comprehensive Guide For Beginners

Investing in stocks is no longer limited to those with the proper knowledge and resources. With the introduction of online trading platforms like mstock, anyone with a smartphone and a stable internet connection can buy stocks. However, to be successful at trading stocks, you must know a few things that will help you perform better, especially during the initial stages of your career. 

This article will list a few tips that beginners must follow to buy stocks that perform well:

Choose a Reputable Broker

Selecting the right brokerage firm is the foundation of your stock market journey. Research and compare mobile trading apps and brokerage firms based on factors such as account opening charges, annual maintenance fees, trading platforms, and customer reviews. Choose a broker that aligns with your financial goals and preferences.

Open a Demat Account

Once you’ve chosen a broker, the next step is to open a Demat account on an app like mStock. This is a straightforward process that involves providing necessary documents like identity proof, address proof, and a passport-sized photograph. Make sure to follow the online application process provided by your chosen broker.

Fund Your Trading Account

Before making your first stock purchase, you need to fund your trading account. The best trading app will offer multiple options for funding, including online bank transfers. Ensure your trading account has enough funds to cover the cost of your intended stock purchase.

Research and Select a Stock

Conduct thorough research to identify and buy stocks that align with your investment goals. Analyze the company’s financial health, growth prospects, and industry trends. Utilize online resources, financial news, and expert analysis to make an informed decision.

Place an Order

Log in to your trading account and access the trading platform provided by your broker. Select the stock you want to purchase and choose the type of order—market order or limit order. A market order buys or sells a stock immediately at whatever the current market price is. A limit order allows you to set the exact price you are willing to pay to buy or the price you want to sell the stock at. While mStock would display such options, other apps may not.

Review and Confirm

Before finalizing your order:

  1. Review the details carefully.
  2. Confirm that you have selected the correct stock, specified the order type accurately, and verified the quantity.
  3. Ensure your account has the necessary funds to cover the purchase.

Execute the Order

Once you are satisfied with the order details, execute the purchase. Your broker will process the order, and you will receive a confirmation of the transaction. In most cases, it includes details such as the stock purchased, quantity, price  and transaction fees.

Monitor Your Investment

After making your first stock purchase, actively monitor your investment and Bank Nifty charts. Track market trends, company performance, and relevant news that may impact the stock. Utilize the tools provided by mStock or similar apps to stay informed about your portfolio.

Understand Settlement

The settlement cycle, often T+2 (transaction date plus two days), is the time it takes for the stock purchase to be settled. During this period, funds are debited from your account, and you officially become the owner of the purchased stock.


To get the best stock and share trading experience make sure you hop onboard with the best share market app. Also make sure to follow the tips on this article to get the best results.