Best stock trading tools

Hi, In this post I want to cover the best stock trading tools (that also supports Indian stock markets BSE/ NSE) These could be online tools as well as desktop tools that are free and easy to use.

Stock tracking and analyzing sites (online)
  1. Rediff Money
  2. Buzzing stocks
  3. Money Control
  4. Yahoo Finance India
  5. ICICI Direct
  6. India Infoline

Best Portfolio and stock Management tools (desktop and free to use)
  1. JStock
I am researching on free charting software using the data sets from a free provider (eg: Yahoo finance) Currently look at Wintrend, iTrade, jCharts etc

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The stock traders slang

I am basically an IT guy, and it took a while for me to get my head around various terms used in the stock and trading industry. Some of the concepts had my thought process going back and forth but it was definitely worth investing in terms of time/ money. And as I learn more about this industry, I must say that I am really impressed by the depth and breadth of this great field.

Trade specific terms
  1. Intraday vs Delivery trading
  2. Order Types
  3. Margin Trading
  4. Short Selling

Research Ideas
  1. Murrey Math in detail
  2. Fibonacci Retracements

(more to be added later)

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Stock trading through SBIcap

(NOTE: This post is very India specific)

After researching on various brokerage firms( companies that help you buy/sell shares), I decided to zero in on ICICI Direct, Reliance Money and SBICap Securities Due to relatively low 'Account opening charges' and 'Minimum balance' and brokerage charges, I decided to go for Reliance Money or SBI. Since SBI people reached back to me first and I already had an account with this bank, I had my account created in less than week and I placed my first order yesterday.

Links about using the SBI platform
  1. Detailed help on using the trading platform
  2. SBI Faq
  3. SBI trading demo
  4. Buying Mutual Funds through SBICAP Securities
  5. Reivew of SBICAP securities

Other related resources
  1. Realtime Details on stocks from Rediff
  2. Comparison of various brokerage companies (The details presented might be a little outdated, by the time you read this, so check the respective brokerage firms to get
  3. Top 100 bullish shares

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