Hi guys,
I am new in this game of equities. I used to have trade through phone. I have an account with Religare. Recently I switched my account type to Race so that I can trade through the browser based trading tool provided by religare.
My question is, when I looked at the asset report, I could see that the shares I bought before switching to Race is of the source type Pledged stock while the ones I bought by myself using the browser tool is of the Source type Beneficiary. What is the difference between these two.
One more thing I want to know is yesterday I tried to buy some shares of a company using Limit order. I couldn't set any dates or anything. So does the trade becomes invalid after one day if the target price is not reached?
Regards
I am new in this game of equities. I used to have trade through phone. I have an account with Religare. Recently I switched my account type to Race so that I can trade through the browser based trading tool provided by religare.
My question is, when I looked at the asset report, I could see that the shares I bought before switching to Race is of the source type Pledged stock while the ones I bought by myself using the browser tool is of the Source type Beneficiary. What is the difference between these two.
One more thing I want to know is yesterday I tried to buy some shares of a company using Limit order. I couldn't set any dates or anything. So does the trade becomes invalid after one day if the target price is not reached?
Regards
