How Does Online Trading Work In India? [100% ANSWERED] (2024)

Do you wonder, how does online trading work in India?

Well, you are not alone.

A lot of people looking to make money online in India ask the same question.

Online trading in India involves buying and selling financial instruments through a platform. For this to happen, you need to have an account on the platform (broker) and have deposited some funds to facilitate the trades.

In this article, I will discuss everything you need to get started trading online in India.

And by the way, I will be using examples from Olymp Trade.

Table of Contents

How does online trading work in India

#1. Pick a platform

As mentioned, online trading in India requires you to have a trading account on a platform.

It is here you will be able to place your trades, read charts, and monitor your funds.

Now, what is the best trading platform in India?

I have written a guide on the same, go and read to find the best online trading platforms in India.

In a nutshell, these are two sites I believe are the best;

Olymp Trade in India

To use Olymp Trade, you need to first open an account.

Inside, you will find everything you need to start a successful trading career and make money online in India.

Here is a guide on how to open an Olymp Trade account.

and also a review about the platform.

IQ Option in India

IQ Option is one of the best brokers you can trust in India.

Their business is legal, although not regulated by the authorities, you can still trade and make withdrawals successfully on IQ Option.

One of the things I love about them is the fact that you can start trading with just $10!

See a guide on how to open an IQ Option account.

#2. Use the Demo Account

Both Olymp Trade and IQ Option come with a demo account, which is free to use by the way.

Why a demo account?

Well, if you have been reading my site, I always emphasize that you first learn the ropes of online trading before actually committing real money to it.

See, online trading is not easy.

A demo account comes with free virtual funds ($10K on Olymp Trade and IQ Option).

how does online trading work in India OLYMP TRADE dashboard

With these funds, you can practice on the real market without actually risking your capital.

And no, you cannot withdraw funds from your demo account. They are just there for practicing purposes.

#3. Deposit funds

If you want to make real money, you need to deposit funds into your trading account.

In fact, Olymp Trade and IQ Option have made it so easy for you to start trading in India.

making deposit before trading on Olymp Trade online

All you need to do is deposit a minimum of $10 (₹730.19)

#4. Placing trades

After opening a trading account in India, practicing on the demo account, and then making a deposit, the next step is to make real money.

To do that, all you have to do is follow the strategies and trading techniques you learned during your practice period.

See, it is easier to lose money while trading, that is why every trading platform in India is advising you to be careful.

It is addictive and without discipline, you aren’t going anywhere.

Now, to place trades on Olymp Trade, you first have to understand the kinds of trades available on the platform.

For example;

There is the FTT trading.

Fixed Time Trade on Olymp Trade is a form of Fixed Time Trading. This type of deal is simple and profitable. To earn, you must correctly choose which direction the price of an asset will go.