How to Trade

Hello Friends,

I am new to Share Market, I have some basic questions regarding brokers, shares and trading.

Which online broker is good with low fees and margin money?

Can I start with min of 10K for weekly trading?

Dear Raje,

In regard to your question of which broker is a good one I'm afraid there is no straight forward answer, it depends on what your priorities are.

As you have asked in regard to low fees and margin money I would say Reliancemoney and RKglobal but remember these brokers may have other drawbacks.

You can start with 10K in the cash market but it will take a great effort on your part to adhere to good position sizing and money management techniques. The problem with undersized accounts is you will tend to take larger risks to gratify yourself with large value winnings and it becomes harder to recover from draw-downs.

This is why under capitalized accounts are considered a major reason for new traders blowing there accounts. However if you have the discipline you will succeed but the chances are slim.

Happy trading

what
10k means

You need @ least 1 lakhs. Try IPO with 10000

when i started i had 22k with me...gettin' carried away tring to make 6-10k a month and then a couple of months later had only 8k left in my account...
so be careful 10k ain't small treat the money with respect and it'll come to ya...

all the best mate!