stock picking simplicity, what am I missing ?

[Newbie Day-Trader]

Thanks... Will go through this...

Now another thought... SORRY OP FOR A POSSIBLE OFF TOPIC ...

now if i open a NRE (or NRO) demat account through lets say FINVASIA so i can trade in Indian equities or indices derivatives etc even in intraday.... But then I'm supposed to have only 1demat account right?.. i think I've heard all brokers say you can't have more than one...

Therefore if i open another trading account with IB ..... Is that even possible? And if possible then it means i can buy and sell international stocks etc?

::: Confusion:::



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As I've already said in the other thread, as far as I know, NRI's aren't allowed to trade equities/cash intraday in Indian markets, only F&O can be traded intraday. I've no idea since I only intend to trade futures intraday, so I think I'd able to skip this PIS, demat & all of the other regulatory nonsense but here's what ICICI says - https://www.icicidirect.com/nrifaq.asp#a12

I think IB only offers derivative (F&O) trading to NRIs to avoid all of this mess that the Indian governments have created - https://www.interactivebrokers.co.in/en/index.php?f=3405&p=nris Moreover, I don't think shares are kept in demat accounts in the US, plus, your US account might be opened with IB's US subsidiary while the Indian account with IB's Indian subsidiary, so the US account might be outside the purview of the Indian regulations.

 

[gregferns]

As I've already said in the other thread, as far as I know, NRI's aren't allowed to trade equities/cash intraday in Indian markets, only F&O can be traded intraday. I've no idea since I only intend to trade futures intraday, so I think I'd able to skip this PIS, demat & all of the other regulatory nonsense but here's what ICICI says - https://www.icicidirect.com/nrifaq.asp#a12

I think IB only offers derivative (F&O) trading to NRIs to avoid all of this mess that the Indian governments have created - https://www.interactivebrokers.co.in/en/index.php?f=3405&p=nris Moreover, I don't think shares are kept in demat accounts in the US, plus, your US account might be opened with IB's US subsidiary while the Indian account with IB's Indian subsidiary, so the US account might be outside the purview of the Indian regulations.

ok... Now will wait to see what the brokers inform.. Have asked them my questions.

Will inform here once i have anything

 

[Tamurosan]

There is a certain logic in it, and I like that you have made such a detailed analysis of the situation, it will allow you to find advantageous moments faster or to deal with unforeseen circumstances faster, I wish you good luck, I think you should succeed.