5 THINGS TO CHECK BEFORE YOU PLACE YOUR FIRST TRADE ON ANY APP

5 Things to Check Before You Place Your First Trade on Any App

5 Things to Check Before You Place Your First Trade on Any App

Blog Article

Getting into the stock market is exciting, especially with so many zero brokerage trading apps out there. But before you tap that Buy button for the first time, here are 5 quick things to check so you don’t end up making rookie mistakes:

1. Understand What You’re Buying

Don’t just buy a stock because someone on Instagram said it’s the next big thing. Take a few minutes to check what the company does, how it's performing, and if it's stable. A little research goes a long way.

2. Look at Market Conditions

Is the market overall going up or down today? Big news or events can cause wild price swings. Use your trading app to check how Nifty or Sensex is moving before jumping in.

3. Know the Real Costs

Even with zero brokerage, there are other small charges like taxes and exchange fees. These aren’t huge, but they matter if you're trading often. Always check the fee details in your app.

4. Use a Limit Price

Avoid buying at “market price” during volatile times — you could end up paying more. Use a limit order to control exactly how much you’re willing to pay for the stock.

5. Have a Simple Plan

Before you buy, ask:

  • Why am I buying this?

  • When will I sell?
    Even a basic plan like “Sell if it goes up 10% or drops 5%” is better than going in blindly.

Final Tip:

Your first trade doesn’t have to be perfect — it just needs to be smart. Start small, use your app wisely, and keep learning as you go.

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