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Friday 17 May 2013

HOW TO TRADE TOMORROW IN INDIAN MARKET

Important golden rules for day trader to be successful


1. We strongly advice to do paper trading before start trading with your actual money.If you don’t get success in paper trading then do not start day trading otherwise there is high probability that you will lose all your money.

2. Due to market uncertainty and volatility and also as markets are highly influenced by lots of external factors it is strongly advised to book profits wherever applicable or take stop loss and come out of trade if it is looking that the stock price is not moving in required direction.

3. Initially don’t use margin amount provided by broker for day trading. Once you get lots of experience then you can use margin amount. Trade only with the money available with you so that if the trade goes wrong you can take delivery of those stocks and sell later when the price goes up instead of bearing loss. 

4. Trading without losses is not possible so try to reduce losses and increase profit so that at the end of the month you should be in profit.

5. Day trading price movement is totally based on news and events, so be in touch with them. So  instead of trading blindly on any techniques it is highly recommended and advised to keep yourself in touch with the market 's news and updates.

6. Please follow strategy called  “Take small profits and do multiple trades”.

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