When a trader opens a demat account with a particular stockbroker, they have to make sure that their trading platforms support their trading requirements. Thus, in this dedicated article, we will talk about the 5paisa desktop app.
Without further ado, let’s get going.
But before that, we need to know about the stockbroker a bit.
First, let’s list the features of this 5paisa PC app. They are:
1. Fast Execution
You can execute your order at lightning-fast speed. It enables you to trade in seconds and avail of the opportunity to earn profits in a jiffy.
2. Advanced Charts
Advanced charting tools and technical and fundamental indicators help the trader or investor make the best decisions regarding the trades.
A well-secured application is the priority of any trader or investor. Thus, 5paisa provides you with a guarded platform.
Easy and quick monitoring of the markets is necessary to enter and exit the market at the most appropriate time. Thus, the broker provides you the facility to create multiple watchlists.
5. User Friendly
If the platform is challenging to navigate through, the trader or investor would not like to continue trading in it. Therefore, 5paisa provides you an easy-to-use application with handy shortcuts.
6. Fund Transfer
Waiting for your funds to get transferred to the trading account, or vice versa is nothing more than wasting your time. With Trade Station, your funds are transferred instantly and with ease.
They have multiple order types in the platform to facilitate the trader or investor. Further, they have a feature called – Order Slicing Feature. This feature helps them in better price discovery.
Now, we should move ahead and learn the process of the 5paisa desktop app download.
5paisa Desktop App Download
If you choose to trade using the web terminal, you just need to log on to the website and log in with your credentials. But, if you want to trade using the 5paisa app for desktop, you need to download it.
The process for the same is as follows:
Log on to the official website of 5paisa.
On the top of the screen, you’ll find a tab named – Stocks.
Hover the arrow over it.
A dropdown box is open.
Click on Trading Platforms.
You’ll get redirected to a page.
Here, there is a list of all the trading platforms by 5paisa.
Click on Trade Station EXE.
The screen will slide to the designated section.
Click on the Get EXE button.
Install the EXE, and you’re good to go!
Now, let’s talk about the 5paisa desktop app demo to learn the basics of trading with the help of this trading platform.
5paisa Desktop App Demo
When you log into the desktop app, you reach the dashboard of the platform. This contains all the important information about the trading process like watchlists, various trading segments, and all updates of the financial markets.
Keeping an eye on various stocks and financial segments is a little challenging but with the help of watchlists, it has been simplified. You can add multiple assets to a watchlist or create a personalized one.
Want to know how to use the 5paisa desktop app?
a) To add an asset to the watchlist, you have to click on it and select add to watchlist.
b) You can also add by opening the watchlist and selecting the relevant assets.
c) If you wish to create a new one, go to the watchlist menu and click on create a new watchlist.
2. Fundamental and Technical Analysis – Before you buy or sell any financial asset, you must be sure of various aspects like these two. An in-depth analysis is necessary to make the best out of every trade.
Below are the steps you must follow:
a) Click on the stock you wish to trade.
b) A window will open with all the analysis tools.
c) Here you can check the various indicator values for the said asset.
d) You will also be able to look at detailed charts for a closer look at the performance and price movement.
3. How To Place An Order – When you place an order, you have to very cautious to make sure the order is correct.
4. Derivatives Segment – Derivatives Trading is required to be activated. It is not extended by default. Once the activation process concludes, you can see an addition to the platform.
Now, you can trade in 5paisa options trading and Futures with the help of the Options Chain Ladder and other multiple features. You can analyze these by using technical indicators, charts, and other tools.
5paisa is an uprising stockbroker in the industry. It provides its clients with a range of trading platforms. In this blog, we talked about one of them – the 5paisa desktop app.
This trading platform is to be downloaded on your desktop and then installed. You have to log in with your demat account credentials provided to you when you opened one with 5paisa.
It provides you with advanced charts, indicators, quick fund transfers, and many more features to facilitate smooth trading. You can activate the trading segment you want and trade with ease.
Thinking to open a Demat Account? Refer to the form below