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#1
9th July 2008, 04:35 PM
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Getting Started in Trading - Help Me
Hi
I am living in Chandigarh and have just passed out my Engineering, so, I don't have any knowledge right now on How To Trade. I have always been looking to get started in Trading but I don't know how to do it or what.. Basically I am looking for both Intraday Trading and Long Term Investments but I don't know how to do it I wanted to invest both in Mutual Funds and Individual Stocks but don't know how to do it I have around 20,000 bucks for investment right now, and plans to add up 5000 every month to my initial start I have an SBI account and applied for an HDFC zero balance account with Demat today which will get activate by the next week I don't have a credit card Would like to go for Online Trading, Will HDFC Securities will be good Trading Platform for me?????? I will love if you can suggest me 
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#2
9th July 2008, 06:46 PM
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Re: Getting Started in Trading - Help Me
Welcome to Traderji. Saint's thread "Teach A Man to Fish..." is a good start to learn short term trading. For long term investment you need a good luck to identify a scrip because long term could mean 10, 20 or even 30 years for many stocks. Even then it may not perform upto one's expectations.
Good Luck.
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#3
22nd July 2008, 12:07 AM
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Re: Getting Started in Trading - Help Me
Quote:
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#4
22nd August 2008, 12:15 PM
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Re: Getting Started in Trading - Help Me
I'll suggest to stay out of day trading till you become proficient. Day trading is too risky for biegners and you can loose all 20k within couple of days(I know since I have been there).
Do lots of study and start with MFs with systematic plan... move to stock after 6 months Zont Investing to wealth
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#5
25th August 2008, 01:56 PM
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Re: Getting Started in Trading - Help Me
Dear saurabh27,
First move on to Paper Trading, and understand the mistakes. Then learn some Technical Analysis, from these sites and buy some book(must have) and learn about technical analysis and "Money Management". The again start you paper trading try to find the differences. Do it for a week. After you are full confident that you are doing something good. then move on to real trading. Start with small quantity of shares. Donot trade in low volume shares. You amount 20000 is much low, even though by careful trading you can make money. Donot trade with the leverage given by the broker firm that may empty your capital soon. Always "apply"(order with stoploss not keep it in mind) stoploss on each trade. Also never show shyness to cut your losses. Keep with trailing stops always. Donot loose more than 1% of your capital in any trade. Also trade with equal money in all. Donot do many trades at a time. Concentrate to 1 or 2. Divide money equally in all trades. Thanks, Hari.
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#7
25th August 2008, 08:32 PM
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Re: Getting Started in Trading - Help Me
Saurabh27,
Paper trading for a week is as good not doing it all. You should do it for 3 or 6 months atleast to gain experience in handling/facing all kinds of up and down situations. People o it for 1 year too. It is good that you have only Rs 20,000. You will have no temptation to play high stakes. Start with 30% of your capital and develop slowly. Who knows if your lucky Rs6000/- may become Rs 6 lacs in a year. DONOT EVER BE GREEDY. Read Saints work on "Teach a man to fish....." Download from http://www.************/file/6026357...521/Saint.html Post your questions in the thread http://www.traderji.com/technical-an...an-thread.html Wish you the very best vps
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#9
25th August 2008, 09:44 PM
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Re: Getting Started in Trading - Help Me
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