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How To Buy Shares From Zerodha?
You must have heard before that only 2% of Indians are there who are investing and trading enthusiasts and actually invest in the stock market. But, this percentage seems to be increasing day by day as the whole system of trading is shifting to the online platforms. The ease and comfort of online trading has led a huge number of Indians to somewhere rely on their earnings from such investment activities.
One of the trading platforms of India that first strikes our mind when thought of such a reliable and trustworthy trading platform is none other than Zerodha.
Zerodha is the oldest trading platform in India. A very high proportion of traders rely on this discount broker for their trading activities. Inaugurated in 2010, it has come a long way. But still, there are many beginners who hesitate and do not understand how to use the zerodha platform. The most frequent and common problem that users face while using zerodha is, How to buy shares from zerodha?
Well, lets just check out what we should know about zerodha and it’s usage. Let’s begin!!
How the F&O segment is activated in Zerodha?
If you wish to trade in F&O in Zerodha, you are required to stimulate the F&O segment in your trading account, if you have not opted for F&O trading during the time of account opening. You are just required to submit an online application and also upload a few documents as well.
Steps required to activate the F&O segment in Zerodha app:-
Firstly, Login to Zerodha Console with your kite login.
Then, Click on the ID of your client in the top right and then click the 'My Profile' link.
In the menu at the left, you have to click on the 'Segment activation' link.
Then, Click 'Activate segments' button.
Now, you are required to fill the form.
Finally, Click the 'Submit' button.
In the 48 hrs the F&O segment will be enabled.
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How one can Trade Options in the Zerodha Kite app?
After the successful opening of an account with Zerodha, you will be sent a welcome email from the company with login ID details for Zerodha Kite and a link to reset your password for the security concerns.
Steps required to buy/sell Equity or Nifty Options in Zerodha:
Log in to either Zerodha Kite website or it’s mobile app.
Then you will be required to add funds to your Zerodha account
Then, Add needed Options to your market watch
Now you will be required to Place a Buy order for the Option
Next step includes understanding the Options contract
Now check for the execution of the order.
Let’s clear our doubts by discussing these steps in more detail.
Log in to either Zerodha kite website or it’s mobile app
Open https://kite.zerodha.com/ website a web browser on your PC or Kite mobile app on your mobile phone and simply login.
Add Funds to your Zerodha kite account
The next step includes adding funds to your account. Once you log in, you will be taken to the dashboard of Zerodha Kite. This page will give you an overview of your trading with data on Funds vacant, your existing holdings and positions as well.
For adding the funds to your account, click on 'Funds' from the menu available on the top. You will get on to the 'Funds Page'. Now you will need to click on the green colored 'ADD FUNDS' button. This will open an online payment gateway for you. Here, you will just need to select your bank and complete the process just as you do while transferring money online.
Add needed Options to your market watch
To buy a Call/Put Options contract while using Zerodha, you are required to add the script to your marketwatch. Here, You can build up to 5 MarketWatch's, with a maximum limit of 40 scrips per marketwatch. For adding a script to market watch, you require to use the 'Universal Search'.
Note: Get the unbiased review of Upstox and check its trading app, Demat account opening charges, Upstox brokerage, margin, plans, features, investment option, ratings & review.
On the left of the page, you will get at the search box which is marked in red. Zerodha names it as 'Universal Search'. This search box gives you a permit to all Option contracts across all the exchanges in the country.
Now you are just required to enter a few characters of the name of the Option contract you wish to add and click on '+'.
Placing an Option for Buy order
Once the desired options are added to your market watch successfully, you are ready to buy it. However, there are two ways to place a buy order:
Just, Hover your mouse on any of the Option contracts available on your market watch and a buy (B) and sell (S) button will be activated. Click on 'B' to activate the order form as you are buying here.
Alternatively, you can scroll up or down on the market watch and click on 'B' at your keyboard to open the order form of purchase.
Check for the execution of order
Most of the beginners to Options trading perpetrate a mistake that successful placing of an order means that a order has been executed. But it does not always happen. Many times, there are no sellers available for the price that you have quoted and hence the order remains open even at that time. You could check whether your order is executed or not by simply clicking the 'Orders' button in the top menu.
You will be informed by the order page of Open and Executed orders. Now, You can either wait for the Open orders to be performed when the price falls down and the sellers are ready or can cancel or modify the order as well.
How can one buy delivery shares in Zerodha Kite app?
Cash And Carry (CNC) are the things that are used in delivery trades in which an investor does not wish to or intend to sell the share on the same day. To purchase the shares in delivery, you are required to enter the quantity of the stock you want to buy and then click on “CNC in Zerodha '' under the “product” section. As CNC stocks are formulated for the long-term investments, it is considered better to select “market” as the order type because nothing can be foreseen exactly for a longer period of time.
Trading via zerodha is not at all a rocket science and could be done by anyone who possesses the drive to start his/her career in the field of trading and investing.
As mentioned above, zerodha just comes up with the motive to provide a more user friendly platform of trading to its users. Therefore, it is one of the easiest platforms of discount brokers that you will find online.
If you were the one who didn’t know how to buy shares on zerodha, hope you have learned it now. Just keep focus on the company whose shares you are planning to buy.
Happy (and smart) trading!!
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