Want an Online Trading Account For Yourself? Follow These Simple Steps!

Hello Friends here we come up with our another write up on “SMC Gyan Series”.

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Topic is Simple Steps to Open an Online Trading Account.

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Steps to Open Online Trading Account

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Here we would discuss about the definite advantages of opening an online stock trading account.

Know what all you need to do for opening an online trading account.

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Unlike traditional brokers, online firms don’t require confusing brokerage fees and sky-high commissions.

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And as for convenience, it’s hard to beat the ease of researching companies, viewing your portfolio and placing orders at the click of a mouse.

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With all the ease the Internet brings to the Information Age, opening an online trading account could not be made any easier than it already is.

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All you need to do is :

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1. Pick an online stock broker.

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Essentially, online stock brokers come in two forms

– discount stock brokers, and

– discounted discount stock brokers.

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The primary difference between these two different types of online stock brokers is the commission they charge.

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Nonetheless, most online stock brokers do not provide their clients with research information about which stock to buy and sell (which is one reason why their commissions can be so low..

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But, one of the most important aspects you have to consider before opening an online trading account is to find out whether or not they have instant ‘real time’ access to stock trading prices.

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If not, and there is a time-lag between the quoted price and your buy/sell price, you could find that this ends up costing you far more than the commission would otherwise have cost.

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Therefore, be prepared to pay a higher commission for a more instantaneous stock quote price.

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2. Completing the online application

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Having decided on which online stock broker to open your trading account with, you then need to complete the online application form.

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3. Joining Fees

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In addition to a per trade commission fee, some online stock brokers will charge you an introductory new member fee when opening your online trading account.

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However, competition among online stock brokers being intense these days, they offer very attractive joining promotions.

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It is advisable that you do not base your whole decision of opening an online trading account on just the aspect of the value of joining fees.

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4. Deposit your money

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When opening the online trading account, you’ll be instructed as to how to deposit your money with the broker.

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In some cases you can make your deposit via credit card, in others you’ll need to make a physical payment into a bank account.

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Once you have completed the online application form and deposited your money, you’ll be free to start trading.

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To know more about the state-of-the-art Online Trading facility, click here.

RUBBER – STRETCHING & MOVING ON THE WAY AHEAD Final Part

Hello Friends here we come up with an extension of our previous blog, RUBBER – “STRETCHING & MOVING ON THE WAY AHEAD” Part 1

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RUBBER - STRETCHING & MOVING ON THE WAY AHEAD

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In previous Blog, we had touched upon the aspects like that of the investment scenario of rubber in India, price movement of the rubber in Indian market and gap in the demand and supply of the rubber in the market.

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Now in this part, we would look into the impact of the shortage of rubber industry on major industries and the scenario of the rubber production in other countries.

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IMPACT ON MAJOR INDUSTRIES:

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The acute shortages of rubber in the market & rising input cost have affected the tyre industry.

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The ticking demand from automobile industry is growing with days passing by, & the steep rise in raw material cost is exerting pressure on the companies to hike their product prices.

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Apollo has proposed a 5-10 per cent hike while JK Tyres may raise prices by 3-5 per cent.

The automobile firms are presently negotiating the price hike with the tyre companies.

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To curb this negative inflationary impact, the industry has asked permission for duty free import of one lakh tonnes.

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THE ELEVATION “Estimating the future”:

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Thailand & Indonesia accounting for over 60% of the global rubber production, have reported for a            9% & 6% fall in production this year.

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Also Malaysia output hit at 77,620 tonnes in November may pull other nations like China to make a aggressive buying from India.

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The country not confronting any shortage in the domestic market with higher relatively higher opening stock at 2.47 lakh tonnes by November-end is in a safer position as compared to other countries.

This is due to the higher import by the industry which was pegged at 1.32 lakh tonnes during the period.

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Estimating the future, in the lines of rise in domestic consumption by 3.5% as in this year  & export demand coming to the country with shortage in the major producing countries, the prices may ignite further.

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PLANNED LAYOUT “Paving the Way”:

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The government had decided to double the NR production in the country within a period of 10 years, with identifying & bringing around 4.5 lakh hectares of land under cultivation.

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The planned layout:

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1. To increase the acreage in the north-east by 26,200 hectares by 2011-12.

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2. Financial assistance to the tune of Rs 30,000 per hectare for fresh planting and re-planting activities in      these areas.

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3. Expenditure of Rs 23.47 crore for human resource development.

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4. Allocation of Rs 8.8 crore for research and development operations.

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5. An earmark of Rs 19.55 crore for assisting nursing of plantations, processing and marketing of rubber.

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6. Providing fencing to 25,000 hectares for rubber plantation and an additional 500 hectares with irrigation facilities during the eleventh five-year plan.

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7. In order to co-ordinate the development operations in the north-eastern states, an additional Rubber Production Commissioner exclusively for these area will be appointed.

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This was the final part of the topic RUBBER ………… “STRETCHING & MOVING ON THE WAY AHEAD”.

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Stay Tuned for more write ups in “Commodity Corner Series” on SMC Global Blog.

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Note : For More Latest Industry, Stock Market and Economy News and Updates, please Click Here

Centre released Rs.361 crore to the States

Hello Friends here we come up with the Latest Agri Commodities updates from various parts of the country.

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Centre released Rs.361 crore to the States

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Centre releases Rs. 361 crore to States :

The Centre on Tuesday released to the State Rs.361 crore as its share of the 2008 kharif crop insurance.

Minister N. Raghuveera Reddy said the State and Central governments had sanctioned Rs.800 cr. under the crop insurance scheme claimed by 7.5 lakh farmers.

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Out of which, the State already released its share of Rs.356 crore a month back.

The distribution process of the released funds would be completed in two-three days.

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In Other major Commodities Updates, we can read about the stories of flour mills across the country buying of wheat from government under OMSS via electronic auction process on NCDEX Spot Exchange and on NSEL.

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Also we will read of the story related to NCDEX, which is set to launch online spot trading in Rajasthan soon.

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Flour mills to buy wheat from govt through e-auction:

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Come January and flour mills across the country will start buying wheat from government under open market sales scheme (OMSS) via electronic auction process on NCDEX Spot Exchange and National Spot Exchange (NSEL).

State-owned Food Corporation of India (FCI) has decided to use electronic trading platform of both the bourses to offer wheat under OMSS.

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Under OMSS, FCI has offered 1.5 million tonnes wheat in the first tranche in four states — Delhi, Haryana, Karnataka, and Andhra Pradesh.

The minimum quantity has been fixed at 100 tonnes and then in multiples of 10 tonnes.

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NCDEX to start online spot trading in Rajasthan:

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NCDEX Spot Exchange (NSPOT), a spot trading arm of the country’s largest agri commodities futures trading platform, National Commodity and Derivatives Exchange (NCDEX), is all set to launch online spot  trading in Rajasthan soon.

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The exchange has already got permission from the state government to launch spot trading in rapeseed/mustardseed, chana and guarseed in the state.

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With this, the exchange has secured permission to set up Spot exchanges in the states of Gujarat, Karnataka, Maharashtra, Haryana, Bihar, Rajasthan and Kerala.

It also has APMC cess paid contracts in Madhya Pradesh.

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Note : For More Latest Industry, Stock Market and Economy News and Updates, please Click Here