Agnik App Walkthrough: Explore How to Place Your First Trade

Key Takeaways

• There is no need for complicated charts or indicators while making your first transaction; all you need is a simple order placement to do the job.
• Market orders are those that get executed at the current market price, while limit orders allow you to set your own price and wait for the orders to be executed.
• The charges at mastertrust for any order in Stocks, F&O and Commodity are Rs. 20/-.
• Checking your order status and holdings after the trade is equally important to making the trade itself.

You've opened your demat account, funded it, and now you're staring at the Agnik trading app wondering where to click. That hesitation is common. Most first-time investors spend more time worrying about placing a wrong order than the order itself takes to execute.

This guide will explain, in detail, how the Agnik trading app operates, allowing you to place your very first trade quickly.

What Is the Agnik Trading App?

New to investing? This Agnik trading app walkthrough shows you how to place your first trade on the Agnik app, once you’ve completed the eKYC and onboarding process. This application is designed as an easy-to-use online trading application wherein you simply have to log-in, look for the stock, place your order and then monitor it.

Ease of use becomes very pertinent in the case of an individual who sets up his first demat account. A mobile trading app with too many steps to place an order can frustrate users and may discourage them from completing the transaction.  Agnik makes these four functions easily accessible.

Setting Up Before Your First Trade

Prior to initiating a trade through the Agnik Trading platform, several requirements must be met:

1. Your Demat and Trading Account Is Active

You need an active demat and trading account linked to the Agnik trading app. If you haven't opened one yet, you can open account with mastertrust directly and get your login credentials by email once it's verified.

2. Funds Are Added to Your Trading Account

Sign in to the Agnik trading application and go to the Profile > Add Fund page. You can then add money via the Net Banking facility or the Unified Payments Interface (UPI) system directly from your registered bank account" .

3. You Know What You Want to Buy

Have a stock or instrument in mind. If you're unsure, spend a few minutes on the app's screener watchlist feature before jumping into an order  it costs nothing to browse.

Step-by-Step: Placing Your First Trade

Here's the actual sequence on the Agnik trading app.

Step 1: Search for the Stock

If you are to click on the search box available on the top of the home screen and type in the name of the company or the ticker symbol, then you will be able to see the price of the stock as well as its percentage change.

Step 2: Open the Stock's Detail Page

Click on the desired stock. You will notice a price chart, bid-ask spread, Scrip Details and buy-sell buttons. This screen will also have price history data that will assist in determining the reasonableness of the current price.

Step 3: Choose Buy or Sell

Press the “Buy” button when buying the stock for the first time. It will open the Order Window.

Step 4: Select Order Type: Market or Limit

This is the one decision that trips up most beginners on any online trading app:

• Market order — executes immediately at the best available price. Use this when you want the trade done now and aren't fussy about a few paise of difference.
• Limit order — the price at which you want to buy is determined by you. The order is executed only if the price of the security is met. This is for people who have control over the buying price.

Step 5: Enter Quantity

Input the number of shares that you want to buy. The Aknik trading software shows your current balance and computes the amount of the order in real time as you input the number.

Step 6: Review and Confirm

See the information in the summary, such as the stock symbol, the number of shares to purchase or sell, order type, and price. Tap "Confirm"

Step 7: Check Order Status

Go to the “Orders” tab to check if the trade order is “Executed,” “Pending,” or “Rejected.” A market order takes seconds to execute once placed. On the other hand, a limit order remains pending until the specified condition is satisfied.

That's how the entire process goes. After completing this process for the first time, all subsequent trades that you make using the Agnik trading application will take even less time than this.

Common Mistakes First-Time Users Make

A few habits slow people down when they're new to any online trading app, Agnik included:

• Confusing market and limit orders. Limit orders that are created far from the current price may not get executed, and beginners get confused and feel that the application is “stuck.”
• Ignoring order validity. Such orders that have been placed either during off-market times or with incorrect validity indications (Day versus IOC) may behave differently than expected.
• Not checking margin requirements for F&O. Equity delivery and F&O have different margin rules on the Agnik trading app. Check the required margin before placing an F&O order.
• Skipping the order confirmation screen. It would be easy to skip through the process quickly, but it is on the final review screen that one notices the error in quantity or price.
• Forgetting to track holdings after the trade. The "Portfolio" or "Your Holdings" tab tells you what you really have on hand; it will not include any orders that are yet to be fulfilled.

All of them are very simple once you learn how to look for them, and they each only represent a single learning curve and not an ongoing issue.

How mastertrust Helps You Trade With Confidence

One thing that mastertrust focused on while designing the Agnik trading platform was the concept that a first-time trader should not have to be trained before placing a simple trade. All order entry, search, and portfolio management screens are only a couple of clicks away from the home screen.

On charges, mastertrust keeps things transparent. mastertrust charges Rs. 20/- per order for Stocks, F&O and Commodity a flat fee regardless of trade size, so you can calculate your cost before you place the order rather than after.

Another feature of mastertrust is no account opening with the first year free demat AMC, and with the opportunity of getting a lifetime free demat AMC by paying a nominal one time fee. This means that your initial cost of getting an account will be consistent.

If you want to understand how account charges and AMC options work before you commit, you can review the demat account charges and AMC structure on the mastertrust website before opening an account.

Beyond the app itself, mastertrust's support team is available if an order doesn't behave as expected, and the platform's research section gives context on a stock before you buy, useful when you're still building the habit of checking fundamentals, not just the price chart.

Final Thoughts

Your first transaction through the Agnik trading app is not very difficult as long as you understand the process, which involves searching, choosing whether to buy or sell, selecting an order type, entering quantity, confirming and then checking status.

Agnik trading app is constructed such that the process will take very little time, and mastertrust simplifies the cost process such that you don’t have to make any guesses about the costs involved. After placing one trade, the app loses its unfamiliarity to become just another screen you check on a daily basis.

Frequently Asked Questions (FAQs)

1. Do I need trading experience to use the Agnik trading app?

Not necessarily. The Agnik trading app is built such that anyone doing their first trade doesn't need previous trading experience provided they know the difference between market and limit orders.

2. How long does it take for funds to reflect after I add money?

UPI Credit or Net Banking Credit is usually credited instantly to your trading account through the Agnik Trading app.

3. What happens if my limit order isn't executed the same day?

It depends upon the validity of your chosen order type. A Day order will expire if it is not executed till the market close of the day.

4. Can I place F&O trades on the same online trading app?

Agnik allows you to trade stocks, Futures & Options, and Commodities from the same account through its Agnik trading app, provided that Futures & Options have margin.

5. What does mastertrust charge per trade?

The fees for stocks, F&O, and commodity orders by mastertrust is fixed at Rs. 20/- per order.

6. Is there a cost to open a demat account with mastertrust?

mastertrust provides zero account opening with first year free demat AMC, and you can opt for lifetime free demat AMC by paying a nominal one-time fee.