How to Trade Stocks in Dubai: Getting NIN & more

Dubai is a global mecca where people from all over the world come, thanks to the instigative employment openings, safety and ideal living conditions. The megacity offers a favorable terrain for investors with excellent structure, quality hospitality and lots of lodestones. Along with real estate and goods investment openings, there's also a promising stock request in Dubai.

Then, you'll find an overview of the securities request and how to trade stocks in Dubai.

ALL YOU NEED TO KNOW ABOUT STOCK TRADING IN DUBAI Stock trading is managed and moderated by the Dubai Financial Market, a Shariah-biddable exchange that's governed and regulated by the UAE Securities and Commodities Authority (SCA). It provides an effective trading platform that offers investors with the information and coffers necessary to make sound investment opinions.

The Dubai Financial Market first integrated its operations with Nasdaq Dubai in 2010, giving investors access to a wider range of securities and investment options. It also enabled them to pierce both DFM and Nasdaq Dubai listed securities with a single Investor Number, or NIN. Now, DFM gives you the option and freedom to carry out security, bonds and Sukuk trading in Dubai. (A sukuk is an Islamic fiscal instrument, which works on an analogous conception to stocks but is biddable with Sharia Law.) There are some simple ways that you must complete in order to be suitable to perform trading in the Dubai Stock Exchange. You can learn all about these ways in the coming section.

GUIDE TO STOCK TRADING IN DUBAI Whether you're an occupant of Dubai or not, you can fluently start stock trading in Dubai and pave your way towards fiscal independence and stability.

APPLYING FOR AN INVESTOR NUMBER An Investor number, or NIN, is your identification number for the account that allows you to trade DFM and Nasdaq listed stocks. To apply for an Investor number, you're needed to fill out the Investor Number Request Form and submit it with your hand, stamp and the needed attestation. This is open to people of all ethnicities, located anywhere in the world.

You can register yourself and fill out the online form via eServices on the Dubai Financial Market website. Alternatively, you can visit the Customer Services Affairs office at the DFM trading floor, which is open from 0800 am to 0200 pm, Sunday to Thursday. This is the quickest way to get your Investor number, as it's reused on the same day. A third option is to hire a broker and submit your form and needed documents to them. They will gain your Investor number from DFM. APPOINTING A BROKER

Once you have attained your Investor number from Dubai Financial Market, the next step is to appoint a broker who can open a trading account on your behalf. There are a lot of certified brokers and you can fluently choose among the stylish stock trading brokers in Dubai by examining their portfolio and ranking.

Once you appoint a certified broker, they will take care of all the necessary paperwork for opening an account for security trading in Dubai. After creating an account, you can instruct your broker to carry out the buying and selling of stocks on your behalf. It's wise to choose a broker who's registered with the Dubai Financial Market and Nasdaq Dubai as well so that you can aim for a more diversified portfolio.

TRADING SECURITIES Now that you have your Investor number and a broker to oversee all your deals, you can start covering the trading performances through the trading defenses on the DFM trading bottom or on the DFM website.

Together, DFM and Nasdaq Dubai bring you a wide range of investment instruments that you can choose from. These include securities, equities, bonds and Sukuk. There's a certain trading period during which you or your broker can conduct trading deals. The trading period is classified into three places Pre-opening session (0930 am – 1000 am) Nonstop trading session (1000 am – 0150 pm) Pre-closing session (0150 pm – 0200 pm) Still, Dubai Financial Market and Nasdaq Dubai also have an online trading platform through the stock trading companies in Dubai, If you prefer to carry out online stock trading. These companies bring all the real- time data and precious information to your defenses, so you can fluently carry out stock trading and also cover your trading performance.

TRACKING YOUR PORTFOLIO By following the forenamed way, you're well on your way to getting a licensed investor. Still, buying and dealing stocks isn't what stock trading is about. It has further to do with which stocks to buy and when to buy or vend them, which is why it's pivotal for you to track your portfolio periodically.

Dubai Financial Market and Nasdaq Dubai have a wide range of eServices that are acclimatized to give you with all the real- time data and applicable information you need regarding your portfolio and trading performance. By applying on the DFM website, you can get 24-hour

unrestricted access to your portfolio, as well as real- time data on the DFM and Nasdaq Dubai listed securities.

And this is all we've on how to trade stocks in Dubai. With this information, you can get your trading account over and running and become a full-fledged investor in no time.