5paisa is a application where you can buy or sell any shares of Indian market. First you have to create a demat account and sign in to 5paisa application. It is very easy process you can take help from customer care of the 5paisa application. Now you are ready to invest in any company you want. It is just a few steps process to buy any stock from this application. I have explained it in detail how to buy shares in this application in the following paragraphs.
How to buy stock in 5paisa ?
First you must have added money in your demat account to add money go to the option add money given in the down side of this page and add money as much you want to trade. After adding money come back to live stock option. You will see on the top side of this page they have given the options Nifty 50 and Sensex you can open them and buy any stock from India’s top 50 and top 30 company.
In the home page you can see the option of search bar where you can search any company you want to invest in and buy the shares of that company. Just tap on the company when you find the right one and you will be taken to the page where you can see the detailed information about the company and the history of this stock. You can research about this company and easily decide that you want to buy this shares or not.
To buy this stock click on the buy button given in the bottom side of this page. Just click on the buy button and you will be taken to the procedure of buying this stock. Where you have to fill the details of your order. The first field is to fill product, where you have to choose one option out of two (1) delivery or (2) intraday.
(1) Delivery: If you want to invest for long term or more than one day you can choose this option. Mostly people prefer this option to buy reputed companies shares so they can reduce the risk and will get enough returns from the company. If you buy this share today than you can hold it for lifetime and if company growth is going up than your share price will also go up and you will also get annual bonus from the company.
(2) Intraday: If you want to invest in a company for only on day than you should select this option. In intraday you have to buy and sell your stocks in the market time only. If you buy shares and do not sell them before market closes than your shares will be sold automatically with the value of current market. Most of the people select this option to buy the shares of those companies who have more fluctuations in their stocks. So you can buy and sell in between those fluctuations and get more profit from this.
The next field is for quantity. In this field you have to type the number of stocks you want to buy of this company. Just type the number and you will see the total amount you have to pay. For example you are buying shares of company ‘abc’ and the price of this company’s stock is 100rs. If you type 1 in the quantity box you will see 100rs of total and if you type 2 in that box you will see 200rs of your total amount. Type the number and let’s move forward to next field.
The next field is order type in which you will find two type of options. The first one is market. If you want to buy the shares in the market price than you can choose this option to buy your shares. For example the current trading price of a company is 100.10rs and you have choosen the market type than your order will be placed at 100.10rs.
The second option is Limit order. If you want to buy stocks on your desire price or you think that the price will change than you can choose this option. When the stock will hit the price you have set the application will automatically place the order and you will get your shares. But this limit order will only stay for a day. If the stock does not hit the price you have set than your order will be cancelled and you have to place the order again on the next day.
After filling all this information you have to click on the button buy. Here you will see the details you have filled to buy this stock. If your order is right as you wish than tap on the place buy order button and your order will be placed successfully. You can check this in the book section and if you have choosen any other option than market than you can also modify your order before it is exicuted.