10 Trading Strategies for Beginners in India : Must Have before you earn from Stock Market

10 Trading Strategies for Beginners in India 

Trading is an act of buying and selling a financial instrument within the same day or even multiple days or even over the course of time. advantages are that you control all your trading activities and build wealth. It is one lucrative game when it is played correctly. but it can be seriously dangerous for newcomers or anyone unaware of trading strategies.
 
To start with we must identify which are the best brokers available to do high volume tradings for us. not all brokers are suitable for high volume trades, however. some top traders in our list are Upstox, Zerodha who designed their apps to help us make the right decision in trading. 

Online brokers like Upstox and Zerodha, have professional or advanced versions of their platforms that are available on smartphones and web, with the feature of real-time streaming quotes, advanced charting tools, and the option of entering and modify complex order in a fraction of second.

Below, we will be learning 10 trading strategies for beginners to start building wealth.

KEY TAKEAWAYS

  • Trading is only profitable when traders take it seriously and do their research.
  • Trading is a job, not a hobby; treat it as such—be diligent, focused, objective, and keep emotions out of it.
  • Here we provide basic tips and know-how to become a successful Trader.






10 trading strategies are:


1. Knowledge is Power

In addition to knowledge of companies once must keep up on the latest stock market news and events that affect stocks. - Moneycontrol Pro 1 year subscription for free when you signup with Upstox (limited offer)

so do your homework. make a wish list of stocks you'd like to trade and keep yourself informed about selected companies and the current market. scan business news and visit financial websites. 

2. Set Funds Limit

Use how much capital you're willing to risk on each trade, use your funds by projecting risk, expected growth, and period involved. set a surplus amount of funds you can trade with and you're prepared to win or lose, it may or may not happen. 

3. Set Time, Too

Trading requires your time, but with Upstox you can set your trading on daily automation. You'll need to give instructions to buy or sell stocks, in a day at a particular price. This process requires a trader to track the markets and spot opportunities, which can arise at any time during trading hours. Moving quickly is key.

4. Start Small

As a beginner, focus on a maximum of one to two stocks during a session. Tracking and finding opportunities is easier with just a few stocks. so you can be specific on which you wish to invest. 

5. Avoid low-value stocks

You're looking for deals and found low prices but stay away from those companies' stocks. hitting jackpot will be a dream only. Unless you see a real opportunity and have done your research, stay clear on these.

6. Time Matters

Many orders placed by investors and traders begin to execute as soon as markets open in the morning, which contributes to price changes. you will recognize patterns and pick appropriately to make profits. but for newbies, it is better just to read the market without making any moves for first & last 15 to 20 minutes. avoid them first, rest assure that in the middle hours the market will be less volatile. 

7. Cut losses with LIMIT Orders.

Decide what type of orders you'll use to enter and exit trades. will you use MARKET orders or LIMIT orders? When you place a MARKET order, it's executed at the best price available at the time, no price guarantee. 
Meanwhile, in a LIMIT order guarantees the price but not the execution. limit orders help you trade with more precision, wherein YOU SET PRICE (Not unrealistic but executable) for buying as well as for selling. 

8. Be Realistic about profits

A strategy doesn't need to win all the time to be profitable. Many traders only win 50% to 60% of their trades. However, they make more on their winners than they lose on their losers. Make sure the risk on each trade is limited to a specific percentage of the account, and that entry and exit methods are clearly defined and written down. The Upstox Trading platform provides you accurate details of your P&L.  

9. Stay Cool

There are times when the stock markets test your nerves. As a day trader, you need to learn to keep greed, hope and fear away. Decisions should be governed by logic and not emotion.

10. Stick to the plan

Successful traders have to move fast, but they don't have to think fast. Why? Because they've developed a trading strategy in advance, along with the discipline to stick to that strategy. It is important to follow your formula closely rather than try to chase profits. Don't let your emotions get the best of you and abandon your strategy. 

There's a mantra among traders 
Plan your trade and trade your plan

Give Away 

Upstox is celebrating 1 Million Traders onboard giving below benefits for signup before 22nd July 2020* 

  • FREE Demat + Trading account
  • FREE 1 year’s subscription of Moneycontrol Pro worth Rs. 1,999
  • Zero brokerage* on trading for 30 days


Signup here bit.ly/7DEARN for Upstox & get Access to our Private Trading Facebook Group to learn more about trading. 



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