Help me Out by clearing my queries on trading companies

hi,
I am beginner in trading, i came to know some imp aspects of trading in INDIA

I want to know few more,

i follow moneycontrol.com

1. There are many brokarages trading companies. Will my selection of particular company add some sense for my trading(not considering brokerage fee)???

I mean,
other than Brokerage fee, how can ICICI securities or any other company be helpful to me???

2. whether brokerage fee depends on particular person's share loss or gain??

Originally Posted by jagadeesh

hi,
I am beginner in trading, i came to know some imp aspects of trading in INDIA

I want to know few more,

i follow moneycontrol.com

1. There are many brokarages trading companies. Will my selection of particular company add some sense for my trading(not considering brokerage fee)???

I mean,
other than Brokerage fee, how can ICICI securities or any other company be helpful to me???

2. whether brokerage fee depends on particular person's share loss or gain??

If you are a beginner, i would strongly suggest you to read my Book on "Art of Stock Investing". If you don't get the basics right, you would be investing blind.

When coming to brokerages, apart from brokerage, you need to think about the services they offer and how helpful that would be to you like,

• Sharekhan , RK Global offer "Trader Software" client as free ... Its very helpful for traders to place orders instantly ... In ICICI web portal, before u place orders, the price would have moved.
• The next big service i look for is, Direct "Dealer Support" who would help you with placing buy and sell orders and most importantly track your order. When i say Direct, i mean a direct landline no and not IVR Customer care support. For example, i ask my dealer to call me if intra-day positions rise on spike by 5%. ICICI has IVR customer care which will take 10 minutes before u can get an agent to place your orders. This service is also free in RK Global & Kotak and a few others i think.

Well, no matter what it is, ICICI charges twice or thrice as much as others in-terms of brokerage. It will pain you if you are gonna trade frequently.

Thank u so much for ur valuable suggestion. I will definitely go through the Book u have suggested me.

Can u say What background do a person should have to work in such trading companies? My background is B.tech Computer Science.

Originally Posted by jagadeesh

Thank u so much for ur valuable suggestion. I will definitely go through the Book u have suggested me.

Can u say What background do a person should have to work in such trading companies? My background is B.tech Computer Science.

I once had a chat with "RK Global" Chennai Manager and he said there was openings for Dealers. I think u need NCFM Certification to become a dealer. Search in this forum for NCFM and you will find details on it.

I don't know how much salary they pay, but it should be over 15K per month i guess.

before investing one needs to have a good understanding of the markets and the dynamics ruling the movement. Apart from brokerage fees one should look at the technical levels provided by the company and their accuracy.

Hi mani ji,
I would like to open a demat account for long term investments ( not for trading).
As per brokerage,consultancy and other benefits... which one would better to open a demat account: sharekahan, sbi, icici, or any other service provider.