What is the Upstox Investors Mode?
The Upstox Investors Mode is designed specifically for users who are new to stock investing. It simplifies the process of investing, making it accessible and easy to use for beginners.
Frequently Asked Questions about Upstox Investors Mode
1. What kind of orders can I place in Investors Mode?
In Investors Mode, users can place CNC (Cash and Carry) delivery orders. These can be executed at:
- Market Price: The current trading price of the stock.
- Custom (Limit) Price: A price chosen by the user.
Future Features: Users will soon be able to schedule orders and set up recurring orders.
2. Can I place an Intraday order in Investors Mode?
No, intraday orders cannot be placed in Investors Mode. However:
- Intraday orders can be placed using the Pro Mode.
- Users can still place a Buy Order in Investors Mode and sell the stock on the same day if desired.
3. What is Market Price and Custom Price?
- Market Price: The price at which the security is currently trading.
- Custom Price: A specific price selected by the user for investment.
4. Can I sell a share before buying it?
No, users in Investors Mode cannot sell shares unless they already hold those shares in their portfolio.
5. On which exchange are the orders executed?
Orders are executed on either the NSE (National Stock Exchange) or the BSE (Bombay Stock Exchange), based on the user’s selection on the stock chart.
6. How can I switch between NSE and BSE to invest in stocks?
Users can switch between NSE and BSE directly while buying by using the exchange switcher feature.
The Upstox Investors Mode provides an intuitive and beginner-friendly environment for users to start their investment journey with confidence.