Nest Trader is a desktop software that allows stock trading and investments. Using this advanced software you can trade in real-time, buy and sell seamlessly and well as keep an eye on the market. Upstox Nest in simple words is trading on the Upstox platform using the Nest Software.
Upstox Nest Software and it’s trading terminal is available as a desktop application that allows the clients/users a hassle-free stock trading experience. Here’s all you need to know about Nest on the Upstox Trading platform.
Almost everything in today’s time comes at a cost. That’s why it’s obvious for you to wonder – Is Upstox Nest free? Or has some Upstox DP charges.
Good news, Nest Trader is absolutely free and can be easily downloaded into your desktops. However, Nest Plus (an upgraded version of Nest) includes paid packages.
How To Place Orders Using Upstox Nest?
You can both place and view orders on Upstox Nest. Here you can add futures, stocks as well as commodities as per your needs. Their respective details such as price, LTP, ATP, and quantity are updated on the software in real-time.
The following are the steps for placing an order via Nest:
Log in to Nest
Then, right-click on the scrip and click on “buy and sell order” from the drop-down menu
Alternatively, you can use F1 to bring up the “buy order entry” and F2 for the sell order entry
You may also use the toolbar on the top to do the same (the buy orders are colored blue and the sell orders are colored red)
If you intend to buy, select the “product type” from the buy window
You need to fill in your transaction password if it’s your first order
The status bar on the bottom will notify that a new order has been sent to the exchange
Viewing an order:
You can open the order book by right-clicking on the “market order” window and selecting “order book” from the drop-down menu
Alternatively, you can also do so by pressing F3
Once the order book window appears, you can see all your orders. Open orders appear on the top while the completed or canceled ones appear on the bottom
Modifying/Canceling an order:
Double click on the order you wish to modify
If it is a “buy order” a “modify buy order will appear”
Here you can change the price, quantity, and validity of your order
Any changes/modifications made by you will reflect on the order book
If you wish to cancel an open order, just select it from the “order book” and click on “cancel” on the bottom of the screen
This will move the order to the completed/canceled order table
Nest by Upstox offers a perfect blend of trading tools and advanced platform to its clients. It is best suited for retail trading and is known for providing an ultimate trading experience (due to its packed features).
Hope this article helped you out and cleared things about Upstox Nest. Happy investing.