how we can earn from day trading from indian share market?
intraday or day trading in share market , from it how we can earn daily from our intelligence or luck. if anyone know about the requirements and procedures please tell us.
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1. For online share trading you require atleast 20,000 Rupees to start with, there is no compulsion to this amount but the more you invest the more is margin of profit earned, you have to be 18 years of age and
you should have a PAN card (Permanent Account No.) card issued by the Govt. of India.
You can do share trading on your own but it is too difficult and is recommended for experts in shares. But if you are a beginner you can consult a Share Trading Broker in your city. He will manage your shares and your money...
How we earn from the share market daily ?
By buying shares of a company at a low price and selling it at a higher price.
Example: If you buy shares of a company say Kingfisher at Rs 20.00 per share in the morning and you sell it in the afternoon at Rs 40.00 per share, you get a profit of Rs 20 per share so if you have 100 shares then the total profit is Rs 20 x 100 = 2000/- in one day.
But not always the price of the shares rise they may even fall causing a loss so investing in the share market requires understanding the risk and depends on intelligence and also on luck......
2. After completing the requirements for share trading such as PAN CARD, bank account, De-mat account, you should open a share trading account with a authorised share broker. You can buy shares in the morning time at low price and sale them on high price during market hours up to 3.30 pm. But you should watch the price of a particular share, if share price of any share falls continuously for 4-5 days, then there is very possibility that the price will increase after the decrease. You should closer upon some these type of happenings. If you buy after the watching of any share closely, then you earn absolutely in day trading.
3. The price and value of investments and their income fluctuates: you may get back less than the amount you invested. Remember that how an investment performed in the past is not a guide to how it will perform in the future. If you are in any doubt about investing in these types of investments, you should consult a financial adviser.
4. Please don't try to earn from day trading because it is a game of big fish. You should invest on good stocks and wait for few weeks. Even by this way you can make good profit. For good quality research please type infostockindia on google and visit the blog. To check past performance, visit Yahoo's Message board and read 2nd August 2009 Hot Stocks and the status of those stocks today.
If you are happy with the research, must give your rating so that others can also have benefit of it.
Infostock India
5. Intraday trading or Day Trading is generally considered risky.
The first requirement is a good Online Trading account with a reputable stock broker who can provide the service.
Once you're set with an Online trading account, all you need to do is formulate a strategy for entry and exit. Some people use technical analysis for entry and exit strategies, others use their own judgement.
For a new-comer, intraday trading can be difficult at first because of the complicated methods involved. A seasoned day trader can anticipate the movements in his selected stocks, and yet he can make a loss. Such is the nature of the markets.
6. either you have to spend your whole day in system or you can do trading like you are holing ABC shares in ur account...day 1 it increases by 5% you sell it and later on you buy when it falls .......like this...but main thing is booking the profit...
7. there is no particular procedure to day trading. Its based on the economic situation of India and the other countries of the world. If you could profit every day, then you can see in to the future. But if you're feeling lucky...
Basically Day Trading is all about timing and knowing the entity you plan to trade. Go in with the mentality that you will buy the stock at a low price, and sell it to someone at a higher price. the stock is your inventory, and you just entered a huge market where everyone else is doing the same thing. Remember, someone has to lose money for you to make it. and vice versa
Be brave when others are scared.
Be scared when others are brave
buy the rumor, sell the news
and don't become emotionally involved. remember just because your favorite company is losing value, doesn't mean you should too!!!