Suggest the tips to start with day trading as a beginner
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Suggest the tips to start with day trading as a beginner
How to Start Day Trading in India
As a beginner you must start your trading journey with paper trading (trading with virtual money).
After a practice of 3-4 months, you can start trading with real money.
You must understand what day trading is and how the stock market works. Learn about stocks, how stock values fluctuate, how they are bought and sold, and the market trends.
Learning:
You must learn everything about stock market before entering day trading. Read day trading books, join online courses, or watch educational videos on YouTube. Learn intraday strategies, practice it on paper trading websites and implement it on the trading account.
Paper Trading:
Many websites like Opstra, Trading View are offering paper trading facility. Use these websites to practice trading with virtual money. It helps you get familiar with the strategies and trading without risking real money.
After getting perfect in paper trading, decide how much money you’re willing to invest. It’s important to only use money you can afford to lose. Start small, and as you gain confidence and experience, you can invest more.