InvestorQ : what are all steps should i have to follow to enter the day trading?
Arpitha Cr made post

what are all steps should i have to follow to enter the day trading?

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Khushi Patel answered.
9 months ago
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Day trading is as good as a full time job and should be treated in a similar manner. It's not the same as other forms of investment where you put a certain amount of money and it'll grow with time. You need to be well versed with the markets and be assured that you may face loss in the beginning. To start off, you can follow these steps:

Open a demat account to conduct trading on. Few companies have a yearly fee to be paid for maintaining the account.

Find a good broker. Few brokers charge for every trade you make while others may have fixed monthly fees.

Start with researching. A good strategy needs sufficient background information. Stay on top of all stock related updates that will help you strategize better.

Keep a good sum of money to trade with. You need money to make more money. Initially, you might lose more than gain but have patience. With time, you'll start witnessing the fruits of your labour.

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