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Trading Terminal क्या है और उसका प्रयोग कैसे करे ?

Join our A2Z of Stock Market for Beginners: Stock Market Course For Beginners & Start your Stock Market Journey today

In this third episode, Mr. Vivek Bajaj will explain the trader terminal terminology and the guidelines to follow on a beginner's dashboard. It is vital not to confuse yourself with complex templates and different parameters. The more straightforward the format, the easier it will be to start trading.

He will explain all the trading terminal terms like bid price and ask price and why it's vital to track specific boundaries like last traded price, average traded price, open and closed, and high and low. He will ultimately show his trader terminal layout and guide on an optimal format to be trailed by novices in the stock market. Watch the entire video for a free beginner's guide to trading terminals.

What You Will Learn

For every trader, selecting a trading terminal is an essential choice. He offers practical insights into the account-opening procedure, focusing on the simplicity of the use of electronic Know Your Customer (e-KYC) processes. He also recommends being cautious when selecting discount brokers solely based on cost.

A unique point of view emerges when he challenges the general trend of discount brokers. He encourages new participants to consider the importance of neighbourhood brokers, highlighting accessibility and individualized support.

Next, he moves on to the trading terminal and goes over the important interface columns: trading symbols, market price, bid-ask dynamics, bid quantity, ask quantity, and last traded price (LTP).

He defines tick size as the minimal fluctuation in stock prices. He then highlights the significance of liquidity, with an emphasis on comprehending the impact cost and how it may affect trading choices.

Going forward, Annapurna brings up an important point regarding the preference for NSE over BSE. To which, Mr. Vivek Bajaj answered with a more nuanced perspective. He acknowledges that although NSE often offers more liquidity, the decision is dependent on individual preferences for market depth.

He then delves into the intricacies of percentage change, a crucial metric for gauging stock performance. You will grasp its significance in assessing relative movement and its potential impact on trading decisions. Further, he introduces the Average Traded Price (ATP), a weighted average based on volume, as a valuable metric. You will learn how ATP offers insights into significant transactions and provides a detailed understanding of market dynamics.

Moving on, he clarifies the idea of accumulation by major traders, showing how these participants deliberately space out their purchases to avoid attracting attention from the market.

In conclusion, the third episode in the Learn2Trade series comprehensively explores critical aspects, from choosing a trader terminal and brokerage to understanding key columns in the trading interface.

Join our A2Z of Stock Market for Beginners: Stock Market Course For Beginners & Start your Stock Market Journey today

Frequently Asked Questions (FAQs)

Q1. What is trading terminal in stock market?

A trading terminal in the stock market is a software interface that allows traders to purchase and sell financial instruments. It offers order placing and execution capabilities, advanced charting tools for technical analysis, real-time market data, and portfolio management features. Traders use the terminal to manage their investment portfolios, execute trades, and remain up to date on market moves.

Q2. What is the difference between neighbourhood brokers and online brokers?

Neighbourhood brokers, often referred to as traditional or full-service brokers, operate their businesses out of physical locations and provide individualised, in-person communications. They are appropriate for people who appreciate mentorship since they offer full support, including research and investing guidance. Conversely, discount or online brokers mostly use digital platforms to do business; they provide less personalized services but charge less to execute deals. Neighbourhood brokers prioritize a helpful, hands-on approach to trading, whereas online brokers provide cost-effectiveness and ease. The choice between them comes down to whether someone would rather have more personalized guidance or a more economical, self-directed approach.

About Mr. Vivek Bajaj

Vivek bajaj image

The passion for data, analytics and technology is what makes Vivek Bajaj a financial market survivor. The journey as a market participant started in 2002 when the first trade was executed in the options contract of ITC. Life was simpler and easier during that time. Since then technology and Big data have taken over totally. As an early adapter to the complex tools, Kredent was formed to capitalise on the opportunities. He is co-founder of StockEdge and is committed to bring simplicity in the complex world of market data. He is a Chartered Accountant, Company Secretary and an MBA from IIM Indore. He is a part of various committees of exchanges and regulator and he has been an active contributor in the evolution of Indian Derivatives Market.

Learn2Trade Series: Episode 3

Join our A2Z of Stock Market for Beginners: Stock Market Course For Beginners & Start your Stock Market Journey today

In this third episode, Mr. Vivek Bajaj will explain the trader terminal terminology and the guidelines to follow on a beginner's dashboard. It is vital not to confuse yourself with complex templates and different parameters. The more straightforward the format, the easier it will be to start trading.

He will explain all the trading terminal terms like bid price and ask price and why it's vital to track specific boundaries like last traded price, average traded price, open and closed, and high and low. He will ultimately show his trader terminal layout and guide on an optimal format to be trailed by novices in the stock market. Watch the entire video for a free beginner's guide to trading terminals.

What You Will Learn

For every trader, selecting a trading terminal is an essential choice. He offers practical insights into the account-opening procedure, focusing on the simplicity of the use of electronic Know Your Customer (e-KYC) processes. He also recommends being cautious when selecting discount brokers solely based on cost.

A unique point of view emerges when he challenges the general trend of discount brokers. He encourages new participants to consider the importance of neighbourhood brokers, highlighting accessibility and individualized support.

Next, he moves on to the trading terminal and goes over the important interface columns: trading symbols, market price, bid-ask dynamics, bid quantity, ask quantity, and last traded price (LTP).

He defines tick size as the minimal fluctuation in stock prices. He then highlights the significance of liquidity, with an emphasis on comprehending the impact cost and how it may affect trading choices.

Going forward, Annapurna brings up an important point regarding the preference for NSE over BSE. To which, Mr. Vivek Bajaj answered with a more nuanced perspective. He acknowledges that although NSE often offers more liquidity, the decision is dependent on individual preferences for market depth.

He then delves into the intricacies of percentage change, a crucial metric for gauging stock performance. You will grasp its significance in assessing relative movement and its potential impact on trading decisions. Further, he introduces the Average Traded Price (ATP), a weighted average based on volume, as a valuable metric. You will learn how ATP offers insights into significant transactions and provides a detailed understanding of market dynamics.

Moving on, he clarifies the idea of accumulation by major traders, showing how these participants deliberately space out their purchases to avoid attracting attention from the market.

In conclusion, the third episode in the Learn2Trade series comprehensively explores critical aspects, from choosing a trader terminal and brokerage to understanding key columns in the trading interface.

Join our A2Z of Stock Market for Beginners: Stock Market Course For Beginners & Start your Stock Market Journey today

Frequently Asked Questions (FAQs)

Q1. What is trading terminal in stock market?

A trading terminal in the stock market is a software interface that allows traders to purchase and sell financial instruments. It offers order placing and execution capabilities, advanced charting tools for technical analysis, real-time market data, and portfolio management features. Traders use the terminal to manage their investment portfolios, execute trades, and remain up to date on market moves.

Q2. What is the difference between neighbourhood brokers and online brokers?

Neighbourhood brokers, often referred to as traditional or full-service brokers, operate their businesses out of physical locations and provide individualised, in-person communications. They are appropriate for people who appreciate mentorship since they offer full support, including research and investing guidance. Conversely, discount or online brokers mostly use digital platforms to do business; they provide less personalized services but charge less to execute deals. Neighbourhood brokers prioritize a helpful, hands-on approach to trading, whereas online brokers provide cost-effectiveness and ease. The choice between them comes down to whether someone would rather have more personalized guidance or a more economical, self-directed approach.

About Mr. Vivek Bajaj

Vivek bajaj image

The passion for data, analytics and technology is what makes Vivek Bajaj a financial market survivor. The journey as a market participant started in 2002 when the first trade was executed in the options contract of ITC. Life was simpler and easier during that time. Since then technology and Big data have taken over totally. As an early adapter to the complex tools, Kredent was formed to capitalise on the opportunities. He is co-founder of StockEdge and is committed to bring simplicity in the complex world of market data. He is a Chartered Accountant, Company Secretary and an MBA from IIM Indore. He is a part of various committees of exchanges and regulator and he has been an active contributor in the evolution of Indian Derivatives Market.

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All Episodes

Other series by Elearnmarkets

Watch Mr. Vivek Bajaj introduce the basic concepts of trading and discuss the various stock market indicators.

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