Zerodha....

[sumosanammain]

Re: Thre is NO 'PROFITABLE TRADING STRATEGIES'..

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Dear friend,
I m not a beginner, I am a seasoned trader.
Intraday charts with 30day data is enough for back testing for a beginner, if tested for 2 years in live market [My real life experience].
I trade successfully with free google Intraday charts only; which has only 7 day of 2 min chart & 10 day of 5 min chart.
Unfortunately google don't have future chart.
A similar kind of charting system (low bandwidth system like google) for Futures with 30 intraday chart is enough for trading successfully.
Above type charting facility would be enough for beginner to find a suitable system after back testing in life market for a prolong period. Cheers.

You mean to say, a beginner would back test on a 30 day intraday chart, and then paper trade the system for 2 years???

Or would he live trade the system for 2 years based on that 30 day test window? Could you please clarify?

Every seasoned trader worth his salt would swear on backtesting over a minimum period of 2 to 3 years, but maybe you are more seasoned than most professionals.

 

[meena07]

What do you mean NOW is going paid?
r u going to stop providing NOW after moving to the new platform ?

Dear ZERODHA.
First lemme admit that my question is pre-mature and i understand it's difficult to answer as day to day market dynamics changes and some things (like NOW getting paid etc are beyond your control)
So....
Currently many big brokers charge some amount for providing ODIN terminal which is reverted back when u generate that much brokerage.

If NOW goes paid, will u also start something like that to ensure minimum turnover. ( Plz don't mis-understand. i know it will be because of NOW getting paid)

Since u are TOP VOLUME broker with NSE, U must have thought over it. AS well u are also transiting to NEST.
So pls share if u have decided (or thinking) of some thing ,like minimum turnover etc.

( Pls Note- I am definitely going to open an account with Zerodha )

 

[healthraj]

I am very comfortable with the NSE NOW and also the Iphone version. Hope moving to NEST does not disturb any of these. Otherwise the customers are going to leave... Mobile version is one plus point with NSE NOW. What is the main reason to move to NEST. Because NSE NOW is quite simple and fast. Previously I was using the ICICIDirect. It was providing a lot of features. But what is the use I have to do some 10 clicks to place an order... that way NSE NOW is quite simple... So please make sure that the NEST is also simple to use. Not expecting any jazzy interface. Plus the Iphone application is mandatory. One of the reason I went for Zerodah

 

[hc9001]

Re: Thre is NO 'PROFITABLE TRADING STRATEGIES'..

You mean to say, a beginner would back test on a 30 day intraday chart, and then paper trade the system for 2 years???

Or would he live trade the system for 2 years based on that 30 day test window? Could you please clarify?

Every seasoned trader worth his salt would swear on backtesting over a minimum period of 2 to 3 years, but maybe you are more seasoned than most professionals.

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I mean to say, a beginner can back test different technical strategies (paper trade with live market with fixed capital just like real trade) on a 30 day intraday chart for about 2 years (that time varies person to person) to find suitable strategy.
I have found my suitable strategy without using Amibroker, Metastock, using only intraday charts provided by websites. I have used Free yahoo (for 1min/5 min charts) & quote.com (now not free) for 5min, 30min & hourly chart during 2007 October 2008 December. Replaced quote.com with Google finance charts from 2009 Jan. Finally found ultimate strategy suitable for me within April 2009, since then trading with this strategy successfully. I trade with Nifty Futures only. I have applied same strategies (paper trade with live market) on FTSE & DOW JONES too during back testing (Full time paper trading till 1:30 am) , so that I can gain more experience quickly.
From my personal experience it is more important back testing (like real trade) in live market with intraday charts rather than on Amibroker/Metastock software with historical intraday data. If any beginner can found a suitable strategy similarly, I would be more than happy. Cheers.

 

[murthyavr]

If brokerage charged on a particular trade transaction is Zero, all other charges
like STT and the host of other charges also should be zero..?

At least - mathematically?

So at the end of the cycle of 60 days, will Zerodha refund all the taxes paid
by us?

(I am sure that Sumo will get excited after reading the question, and he will
list out what all charges are going to be refunded by Zerodha..

 

[santoshdts]

Y pay huge charges for brokerage...?

Brokerage : RS 20 per trasaction ...as u know... service is all excellent .. no doubt abt it.. would arrange you a call back from zerodha support if ur intrested .. i just need your full name contact number , email id and your place of location thats all.

This offer is only valid if you go through me : spl offers are if u open an account from my side and trade for first 60days.... and at the end of 60th day if u are in positive profits... any amt of positive profits .. .. then ur complete brokerage will be reversed back..... only first 60 dayz only after joining ...

IM ZERODHA MARKETING PARTNER FOR ANDHRA PRADESH

kindly let me know if ur intrested would update you with all other a/c opening charges and some extra trail software which u get...

Did Zerodha Started Franchise??

 

[coolcorner78]

Did Zerodha Started Franchise??

LOL. you should check out that fellows previous posts, then you will come to know.

 

[coolcorner78]

@Zerodha,

1. My account for NFO trading got activated today. I had applied for DP and MCX also (For BSE also I had signed hehe), with form and cheque. I can understand DP will take time, but for MCX I didnt see its opened yet. So, by Feb 15th it will be opened/active?

2. I checked NOW, couple of observations. NOW works on port 56000, which is not well known port like < 1024, if someone is sitting behind FW it will be blocked. Will it be same with NEST also in the future? Please try to host on well known ports (which are used by other Trading softwares too) like 80 or 443.

3. Will you be having web interface, just like nowonline.in, when all the segments are moved from NOW to NEST. This will help if someone is sitting behind FW and the NEST works on port >1024.

 

[shekharz]

Hi Zerodha

I have sent my application for Commodities account already on Friday. How shall I know about the status of that application.

shekharz

 

[shekharinvest]

If brokerage charged on a particular trade transaction is Zero, all other charges
like STT and the host of other charges also should be zero..?

At least - mathematically?

So at the end of the cycle of 60 days, will Zerodha refund all the taxes paid
by us?

(I am sure that Sumo will get excited after reading the question, and he will
list out what all charges are going to be refunded by Zerodha..

How can STT be Zero ?

It is based on the total transaction done on an exchange and paid to the Govt., similarly NSE charges will also be applicable.

Of course, the Service tax could be zero and surcharge thereon too which is levied on the brokerage.

But to avoid disputes with govt. at a later date, I believe, zerodha will be refunding you only Rs. 20 per trade.

SHEKHAR