Knowledge Base

Are you excited to make your first trade on the Samco app? Whether you are a beginner or an experienced trader, placing your first trade can be an exhilarating experience. The Samco app provides a user-friendly interface that simplifies the trading process and makes it accessible to all. This guide will walk you through the steps to place your first trade on the Samco app. Let’s get started!

Step 1: Go to your Watchlist

Once you have logged into the Samco app, navigate to your Watchlist. This is where you can keep track of the scrips or stocks you are interested in trading.

Step 2: Select the scrip you want to trade

Within your Watchlist, find the specific scrip that you wish to trade. Tap on the script to proceed to the next screen.

Step 3: Choose to Buy or Sell and go to the Order screen

On the next screen, you will see options to either Buy or Sell the selected scrip. Choose the appropriate option based on your trading strategy. This will take you to the Order screen.

Step 4: Enter the order details

On the Order screen, you can enter the necessary details for your trade. The app will pre-fill information based on your trader/investor profile, making it convenient for you. Provide details such as Product type (CNC, MIS, NRML, BO, CO), Order type (Limit, Market, SL, SL-M), Validity, Quantity, and Price.

Step 5: Preview your order

Before sending the order to the exchange, take a moment to review the details entered. The Preview Order section allows you to double-check the information and ensure its accuracy. This step is crucial in avoiding any potential losses due to typographical errors.

Step 6: Place your order

If everything looks good, click on the “Place Order” button. Your order will be sent to the exchange for execution.

Congratulations! You have successfully placed your first trade on the Samco app. Now you can track the progress of your trade and monitor your investment. Remember to keep an eye on the market and stay informed about any updates or news that may impact your trading decisions.

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Happy trading!

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