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  • Category: Stock Market

    Online trading through mobile phones

    sir, i want to details about online trading through mobile phones(smartphone).how it possible to do share market online trading through the smartphone.somebady told online trading is possible in the smartphones.which one share broking company do share marketing online trading through mobile.i have found smartphone,so i want to trading through my smartphone.i want to know about full details of online share market trading through mobile phones.
  • #82379
    In India, BSE & NSE have designed the software to trade in equity markets using a mobile phone (smart phone). Now-a-days, almost all the brokerage firms like Motilal, Reliance, Sharekhan, Angel, Kotak, ZEN Money, Religare, fullerton, IndiaInfoline, Kelton etc offers mobile trading facility. If you opt to go for a stock trading thru mobile phone, Buy a high end smart phone.

    Advantages of mobile trading

    1. You can easily track your share transactions from anywhere using your mobile phone.
    2. You can be updated with the market news all the time.
    3. You don't need to make a call to broker / customer care to place the order.
    4. Buying / Selling decision will be in your hands.

    Disadvantages of mobile trading

    1. Since the you are new to trade online using mobile phone, initially it takes time to habituated to it, don't depend on it fully for few days.
    2. Network signal really matters when you are browsing using GPRS.
    3. Technical isues in the online portals damage you and sometimes lose the chance to place the orders in time.
    4. If you can buy and sell on your own decision, you can always prefer mobile trading.
    5. You can't browse multiple pages like laptop / deskop, It cause hanging

    Here is the Handset Configuaration for Trading thru Mobile :

    Mobiles with Symbian, Android or Blackberry OS
    MIDP 2.0 and CLDC 1.1 with Java enabled handset
    Advanced GPRS Service (for streaming) mode

    Yours,
    K K

  • #84282
    online trading on mobile is available on both BSE and NSE
    BSE have software for online streaming quote of sensex
    NSE has NSE NOW mobile platform
    here one one can see any stock quote and it is real time
    trading also possible with NOW account currency derivative
    trade possible on this account
    Recently NSE had allowed to trade on BSE with this one
    Broking houses also provide their own facility software
    all broker had given mobile trading facility

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