Day trading has become a part of many lives. For people who do not know what day trading is, It is the buying and selling of shares on daily basis. Day trading is also called as Intra Day Trading.
There are many advantages of joining the day trading world as you can get more margin on your balance amount than the current amount. This concept is usually known as margin trading. It is only possible in day trading and not in the delivery trading section. However the amount of extra money is not fixed. It totally depends on the broker that you have. In some cases, brokers provide upto six times extra margins.
Another advantage of day trading is that you have to pay less brokerage than that of compared to delivery trading. But then again, this brokerage depends on broker to broker or even on your online trading system.
In addition, you can also sell and then buy stocks. This is called short sell and is not available in the delivery trading. This means that you can sell shares when the prices are falling and then buy them again when the prices fall further. This will leave you a decent amount of profit (depends on person to person).
However, the best part about day trading is its requirements. Even a successful day trader or normal share market trading requires only a couple of disciplines.
- A PC with good internet connection speed. Make sure that your internet connection is not slow or even should not fact any other problems especially in day trading as it can sometimes create a huge problem. An internet café works as well if you do not have a PC.
- For you to start trading, an online share trading account (also known as demat account) with any available bank or online broker is required.
While opening online accounts, be sure that you make multiple enquiries and try to get as low as possible brokerage trading. Also discuss about the margin that they will provide for trading. Next step should always be to discuss about fund transfer. This should be reliable and easy.
Another important thing that should be enquired about is the services that they provide, the research calls or daily tips. Service charges and any other hidden charges should also be discussed
The most important point is to see how reliable and easy is to contact them in case of any emergencies.
In case you do want to jump into the day trading field, one can start by using the arya app to invest as it has trading for all, both newcomers and veterans. The Arya Trading software also comes with many advanced technologies like an assistant that will help you avoid losses and capital security.
The software optimizes your risk and time ratio on its own for your safety and profits making it simple and easy for you to access. It also limits your risks according to your wish so make sure you do check out this software.