How and where to start as a trader in Indian stock market?

How and where to start as a trader in Indian stock market?

I really appreciate your quest for learning the stock markets.Let me addon some views which might help you to become a better trader

1.Risk Reward Ratio

Most of the people concentrate only on the profit generated on every trade,but it is important to understand the concept of risk involved. Risk is the amount of money which you are going to lose if the trade goes wrong. So a good trade should have risk reward ratio of atleast 1:2

For eg.You enter nifty buy at 8600 with stoploss of 8580(risk taken 20 points).Then your profit target should be atleast 8640(reward of atleast 40 points)

We at returnwealth provide algorithmic trading services to clients such as working professionals, HNI’s, retail investors who donot have much time to spend before the live markets.The risk reward ratio of our algorithm is 1:4 with an average returns of 70% on yearly basis.

2.Real time market analysis:Even Though you read lots of books the best thing which will help you to learn is the time you spent infront of the Trading terminal.

3. Learning from your mistakes is another great way to learn.
4. Get started with various forums like Traderji where you can interact with various experienced Traders which will help you understand their thought process

5. Find a mentor
A mentor could be a family member, a friend, a past or current professor, co-worker, or any individual that has a fundamental understanding of the stock market. A good mentor is willing to answer questions, provide help, recommend useful resources, and keep spirits up when the market gets tough. All successful investors of the past and present have had mentors during their early days.

6. Study the greats
Learning about the greatest investors of years past will provide perspective, inspiration, and appreciation for the game which is the stock market.

7. Start with virtual Trading and then start trading with just 20% of your capital

Most common mistakes people do is that they invest all their money upfront while in the process of learning from the markets. Ask any great trader he/she should have come across blowing up their account once or twice which will eventually happen. So Dont be greedy to become rich soon

 

If you are new to market and looking for a strategy which is completely automated, where all trades will be automatically executed in your own trading account by eliminating human emotions , then you can visit www.returnwealth.com

For More Details Call:+917708838702

Mail To:support@returnwealth.com