Guide to Trading on Zerodha App: A Comprehensive Tutorial for Beginners

Trading in capital markets can be a rewarding venture for those looking to diversify their financial portfolios. To get started, choosing the right broker is essential. Zerodha is one of the largest discount brokers in India, offering traders a wide range of trading options and low-cost transactions. In this guide, we will walk you through the process of trading on the Zerodha app.

Setting Up Your Account

If you are new to the capital markets, you may want to consider choosing a discount broker like Fyers. However, this guide focuses on Zerodha. To begin, you need to open an account with Zerodha. This process involves providing your PAN card, Aadhar Card, and bank details.

Note: You can also start trading with Fyers without any initial investment, but if you want to proceed with Zerodha, you will need to set up a zero-cost account by paying the required fees, including account fees and AMC fees.

Trading on Zerodha App

To start trading on the Zerodha app, download the app from the App Store and log in with your credentials. If you are a beginner, we recommend you to use the demo account to practice trading. Once you are familiar with the platform, you can proceed to place your orders.

Selecting the Scrip to Trade

The first step in trading is selecting the scrip, which refers to a specific security or stock in the market. You can search for the scrip you want to trade using the search function within the app.

Choosing the Type of Order

You can trade either through MIS (Market Instantaneous Stop-loss) or CNC (Cash and Carry). MIS orders are used for active trading, while CNC orders are used for delivery purposes. Additionally, you can choose between a market order or a limit order based on your trading strategy.

Placing Your Order

To place a buy order, simply select the market or limit option, and then hit F1 or the 'buy' button. For a sell order, select the 'short order' button. If you want to add the scrip to your watchlist, you can load it there for easy reference in the future.

Further Assistance

If you need any help in opening a free demat account or any guidance on trading, feel free to message us on Quora. We offer free demat accounts without account opening fees and AMC (Asset Management Company) fees, making it an accessible option for new traders.

Conclusion

Trading on the Zerodha app can be a convenient and cost-effective way to start your journey in the capital markets. By following this guide, you can efficiently set up your account, select the right scrip, and place orders using the Zerodha app. Happy trading!