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Steps needed to start in the stock market.
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Niglary
#1 Posted : Friday, August 03, 2012 8:28:04 PM
Rank: Hello


Joined: 8/3/2012
Posts: 8
Halo wazuans, I must say it's a blessing to land on this great site. For the past few days i have been a keen follower on the ongoing trends in the site, as smart minds here engage in enlightening others on matters to do with financial wisdom. Am interested in opening an account at the NSE market, I don't stay in the country but will be visiting there before the end of the year for roughly a week. Is it possible within that time frame to open up a CDS account with a broker and be able to manage it through online? and how effective is the internet transactions from the already available brokerage firms back home. I kindly ask for guidelines from the experts and any other wazuan with inside knowledge on the matter.Am kenyan by Citezenship, just incase.

Cheers all....
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murchr
#2 Posted : Friday, August 03, 2012 11:13:40 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
1. Open a CDS Account with one or 2 brokerage firms, a few have an online portal /trading system eg Dyer and Blair and CFC then trade. What you will need is proof that your Kenyan so have your ID/passport with u
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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youcan'tstopusnow
#3 Posted : Saturday, August 04, 2012 12:50:11 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
murchr wrote:
1. Open a CDS Account with one or 2 brokerage firms, a few have an online portal /trading system eg Dyer and Blair and CFC then trade. What you will need is proof that your Kenyan so have your ID/passport with u

Bring copies of the same too. Na passport photos.
CFC also required a utility bill last time I checked...
GOD BLESS YOUR LIFE
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Niglary
#4 Posted : Saturday, August 04, 2012 1:16:22 AM
Rank: Hello


Joined: 8/3/2012
Posts: 8
@murchr, @ youcan'tstopusnow, thanks for your kind response. Actually all my documents are up to date coz mimi ni mkenya halisi from mashinani, my main worry is that, can i be able to open the CDS account within a week and start trading online? Sometimes the system back home takes along time to process a simple deal. If any one of us here at wazua has opened an account of late pliz enlighten on how fast the brokerage firm did it. Welcome all.
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Ali Baba
#5 Posted : Saturday, August 04, 2012 1:43:34 AM
Rank: Member


Joined: 8/29/2008
Posts: 571
NIGLARY:>>It takes less than 15 minutes to open a CDS account.....
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Niglary
#6 Posted : Saturday, August 04, 2012 2:31:28 AM
Rank: Hello


Joined: 8/3/2012
Posts: 8
@AliBaba, at last u gave me the right information i have been craving to know, this boosts my confidence in going ahead with my plan on how to use the few days when back home. Long live wazuans as we seek a better life in a better Kenya. Thanks all for your contribution....
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sparkly
#7 Posted : Saturday, August 04, 2012 12:30:22 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Niglary wrote:
@AliBaba, at last u gave me the right information i have been craving to know, this boosts my confidence in going ahead with my plan on how to use the few days when back home. Long live wazuans as we seek a better life in a better Kenya. Thanks all for your contribution....


You don't need days. Its like opening a bank account. You can then do EFT to the broker and trade online.
Life is short. Live passionately.
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Niglary
#8 Posted : Sunday, August 05, 2012 12:59:10 AM
Rank: Hello


Joined: 8/3/2012
Posts: 8
@sparkly, nice advice. Spread more info for beginners like us and for sure we shall benefit from you guys.
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