Intraday trading also called day trading is a system where you can position on a share and release it before the end of that day’s trading session; thus making a profit for yourself in that sell-buy or buy-sell exercise. You aren’t concerned about whether the market is up or down, not concerned with market sentiments and not concerned with fundamental strengths of any organization. All you have to foresee is that the share price will either fall or rise very sharply during the day. The rapid changes that avant-garde epochs and technical advancements have bestowed upon us in all facades to online trading are definitely making our lives little unproblematic.
People are leaving no-stone unturned to profit from volatile and impulsive stock market National Stock Exchange or Bombay Stock Exchange. One boon that technology has offered us is World Wide Web that can be used in several ways unlike one in grossing immense profits. You should also look at these share market or stock market trends that are now available online for remaining abreast with latest developments taking place in stock market arena with just couple of mouse clicks. Beginners should aptly comprehend that without good guidance from expert or experienced resource, it’s practically infeasible to continue winning streak at stock market NSE or BSE. In such situation, you should chip in for services provided by several online stock tips providers specialized in providing pertinent and accurate tips including intraday calls, Nifty Tips, Nifty Options, nifty intraday calls, share market intraday tips, options tips, nifty calls, option tips more to ensure you profit from impetuous nature of share market.
When you do intraday trading, the rules which might have helped you find great money makers or pick good stocks over the years trading normally will no longer work. It’s a different game with different rules. Methods used for identifying shares, which are appropriate for normal delivery based trading are based on either fundamentals, insider information or technological analysis. Fundamentals deal with company’s market strength, including detailed study of branding, balance sheets, positioning and more, whereas technological analysis with charts is a way of using historical volume/price patterns for predicting future behavior.
Trading is a serious business. You will require good money management policies, 4 important weapons: Discipline, Confidence, Patience and Focus and good trading method.
How much to invest?
Start with a fixed investment. The amount you are ready to lose in stock market. If you suddenly lose the whole of this amount, your normal lifestyle shouldn’t be disturbed.
Rs. 5000 to 15,000 is a fair amount to begin with. Anything below 5000 isn’t worth it.
This means, with four-times margins that online brokers enable, you can purchase stocks worth Rs. 60,000 for intraday trading.
Nonetheless, before choosing a specific share market consultancy, you need to look into some imperative factors including their commissions or charge, accuracy, services, list of satisfied clients, testimonials, consistency and other pertaining facades. With well versed decision and good accessible services, you will definitely reinforce your financial portfolio.