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The Minimum investment in pakistan stock exchange that you need to invest in the pakistan stock market is RS 5000. But for this, you need to find brokers that allow you to invest a small amount of money.
If you want to invest in the stock market. Then you need to collect some information, Because if you invest your money without proper knowledge. Then the chances are high you will lose it. Because investment is not a blind thing.
So For that iam providing you with some useful tips and guidelines that you need to follow. Before investing your wealth.
Why you need to invest
First of all, you need to decide why you need to invest. Because if you don’t have a proper mindset and goal. Then you didn’t get any good results. So my first tip is for you to set your goal and mindset.
Like how much money you need to earn and how much time you need to spend. Because these two things are the most important parts of investing. After setting your goals the second thing that you need to decide is what you need to do trading or investing.
Trading vs Investing
Trading is a short-term game you buy any share for short-term profit. But investing is a long-term game, So make sure which one you need to play. Both ways have the potential to earn.
For the last 3 years, I have been doing both things consistently in the stock market. But my main focus investing. Whatever you choose, you need to read books. Because those will provide you with the right knowledge to earn money from the stock market.
Because in the end money is the last goal for everyone. After selecting now it’s your time to make your trading account with a broker. There are a lot of brokers in the market and some of them provide you facility to start investing or trading with RS 5000.
But don’t worry you don’t need to do research here iam providing your best broker of PSX. For the last 3 years iam working with this broker. Also, iam providing you some documents that you need to complete to open an account is PSX ( Pakistan Stock Exchange )
Best Broker for investment in PSX
When you start researching brokers, you will find a lot. But for the last 3 years iam working with Kasab Trader. Which is one of the best traders in terms of prices and services. Also with Kasab, you can start investing from RS 5000.
How to Open an Account in PSX
The process is very easy to open an account in PSX. You need some documents like proof of income, CNIC, Bank details, etc. To open an account in PSX, you need to follow some steps:
- Contact the broker representative that you select
- After contact when you get an answer ask them if you need to open an account
- Then they will ask you to submit some documents
- Now it’s time to collect those documents and submit them.
- Finally, they will process your account and after processing if your all documents are accepted your account will be open.
If you have a plan to invest in psx then my recommendation without proper knowledge don’t do that. First, learn and then start, also if you want to open an account with another trader It’s up to you but the process is the same.
Now it’s time to wrap up the content, I hope you will get your answer.
Thanks for reading,
DH founder of moneysiren
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My name is DH and I am from Pakistan. I have 5 years of experience in digital marketing and SEO. I have done similar types of work on my blog and also for other clients. Now I make Money siren. A blog Where you learn how to make money online.