Dear All,
1. I am new without any experience in trading.
Make hypothetical/imaginary trades. To give you a feel of it, NSE has deployed a Trade Simulator. You can resgiter free and use it at
https://plus.omnesysindia.com/NestPlus/NSE/login.jsp
2. To start trading i need to have demat and SB account .
Assuming that you already have savings banks account, simply call your broker. He will open the demat account for you.
3. Brokers if any good people with decent charges.
Difficult to suggest one because you are novice. But basically, there are two types of brokers: Full-service brokers and Discount brokers.
The full-service brokers charge considerably higher brokerage but also provide services like trading ideas(trading calls/tips), technical analysis recommendations, fundamental analysis reports, macro-economic analysis, etc. This is recommended until you have a small capital and not independent in your trading decisions. When you are in the learning phase, and that too with a full-service broker, keep your trading capital low because you are likely to lose lot of money by way of brokerage, service tax, and other levies.
Once you become experienced and independent, you can increase your trading capital and shift to discount brokers. The only service a discount broker offers is to provide a platform to execute and clear your trades. It a no or minimal frills concept and even the minutest of "extra" services such as physical contract note(printed paper), call and trade, etc. are chargeable.
If you are do-it-yourself(DIY) kind of person, you can directly get an account with a discount broker.
I would like to know where can i open an demat account as my trading is small and charges if known.
Get in touch with any brokers. They will open the demat account for you.