What is Online Trading?
Online trading is a new form of trading that has become possible due to the developments intelecommunication. Earlier, investors had to call up their brokers and place an order on the phone. The broker would then enter the order on their system and execute the trade. But now, with internet usage becoming widespread, investors can enter orders directly online. They just have to have an online trading account with a broker and they can execute their trades themselves. It is like the investor is himself sitting on a trading terminal.
Square off: When you buy/sell shares by selecting the intraday option you will have to reverse the transaction (this is referred to as square-off) before 2:45 pm. If you do not square-off the open position by 2:45 pm, we will square off the position at our end.
M2M (Mark to Market Profit or Loss): The value of the portfolio is shown according to the market price of the portfolio on that day. So if the market price goes up then the mark to market is positive and vice versa. This is the notional profit/loss as long as you hold the position and is referred to as M2M.
BPL (Booked Profit and Loss): This means the profit/loss that has been realized.
What is Equity SIP??
Equity SIP is a facility using which, one can
- Place buy orders for a pre-specified quantity of scrips/investment amount.
- At regular intervals over a period of time.
For instance, the customer can select an Equity SIP for a period of 6 months to buy 5 shares
of SBI every month or Rs. 5000/- per month.
What is the Trade book?
Trade Book shows the executed orders. Trade book report shows M2M, booked P/L of the trades done during the day. Intraday trades can be converted to delivery trade and vice versa. To convert the trades, click on the exchange trade number, a trade modification window will pop up at the bottom of the screen, in which you can change the trade product type.
What is a Market Watch means
Market Watch is the screen on which you can track your selected stocks. Here you can add stocks and F&O contracts and select the details (open, high, low, close, last traded price, total traded quantity, percentage and absolute change, trend etc.) that you want to see. And all this will be live i.e. at current market prices during the market hours.