Absolute Beginner Guide.
- Thread starter TFL
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Re: .:|Absolute Beginner Guide for Day Trading|:.
Can u please tell me how to go about with the xls file...else is that k if i do on moneycontrol as i have bit knowledge of ths site..but let me also know about xls file
You will have to do the manual entries in xls file.
When you are doing paper trade. Do the entry when you have baught & when you have sell the perticular script. Calculate if you have got profit or loss from it..
follow this for 3-4weeks so that you have sufficient data for any system to evelaute its performance.
Can u please tell me how to go about with the xls file...else is that k if i do on moneycontrol as i have bit knowledge of ths site..but let me also know about xls file
When you are doing paper trade. Do the entry when you have baught & when you have sell the perticular script. Calculate if you have got profit or loss from it..
follow this for 3-4weeks so that you have sufficient data for any system to evelaute its performance.
Re: .:|Absolute Beginner Guide for Day Trading|:.
As I said, I am not using any site now a days. Hence won't be able to advice. I find xls method much better as explained in earlier post.
Hello buddy good afternoon
As said i tried opening an account in maneycontrol but once i login with my newly created user id and pwd its displaying the login doesn't exist what do i do
As said i tried opening an account in maneycontrol but once i login with my newly created user id and pwd its displaying the login doesn't exist what do i do
Re: .:|Absolute Beginner Guide for Day Trading|:.
Dear spacenoxx,
Better take lottery tickets instead of trading with tips and recommendation.
You can only generate money consistently from market, if you are an informed trader.
As a first step remove the below from your thoughts if you like to be a trader.
1. Its easy to make money from market.
2. Its more easy to make money than my current job.
3. A reputed broker's tip is my way to success.
4. etc, etc.
First you should learn then invest your learning to this business or be ready to become ruin. I know many people who are now under psychiatric treatments following reputed brokers tips.
Its will take time to become a good traders...it depends on the individual...
Normally may take 1 to 3 years. Also be ready to take some losses initially as a learning or business expenses. Also, I don't support part-time trading, trading should be your primary business. That's my personal thoughts, though considers it like that.
Also, if you are an intraday trader, ICICIDirect is a big NO NO. open an account with any other firms like, indiabulls, sharekhan, interactivebrokers, etc. ICICIDirect will make you worse, their both platforms are extremely worst.
All the above are from my personal and my friends experiences.
Regards,
TFL.
Dear spacenoxx,
Better take lottery tickets instead of trading with tips and recommendation.
You can only generate money consistently from market, if you are an informed trader.
As a first step remove the below from your thoughts if you like to be a trader.
1. Its easy to make money from market.
2. Its more easy to make money than my current job.
3. A reputed broker's tip is my way to success.
4. etc, etc.
First you should learn then invest your learning to this business or be ready to become ruin. I know many people who are now under psychiatric treatments following reputed brokers tips.
Its will take time to become a good traders...it depends on the individual...
Normally may take 1 to 3 years. Also be ready to take some losses initially as a learning or business expenses. Also, I don't support part-time trading, trading should be your primary business. That's my personal thoughts, though considers it like that.
Also, if you are an intraday trader, ICICIDirect is a big NO NO. open an account with any other firms like, indiabulls, sharekhan, interactivebrokers, etc. ICICIDirect
will make you worse, their both platforms are extremely worst.All the above are from my personal and my friends experiences.
Regards,
TFL.
Firstly, let me thank you a million times for the effort you taking to guide us newbies like me and a quite a few lurkers here
Coming to one of your posts :
Does it also include tips from known brokering sites such as ICICIDirect for intraday trades. I am an absolute newbie and would like to understand and do intraday trading. However, I am a bit confused with all the moving day averages and charting.
My question is even if I cannot understand charting and other intraday terminologies, shouldn't I take help from sites likes ICICIDirect? In case its still a no -no how does one go about understanding charts to start day trading?
Coming to one of your posts :
Does it also include tips from known brokering sites such as ICICIDirect for intraday trades. I am an absolute newbie and would like to understand and do intraday trading. However, I am a bit confused with all the moving day averages and charting.
My question is even if I cannot understand charting and other intraday terminologies, shouldn't I take help from sites likes ICICIDirect? In case its still a no -no how does one go about understanding charts to start day trading?
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