Dear friends,
This is my first post on traderji, although I have been reading quite a lot. I want to get in trading for quite some time now and am doing the background reading bit but the application side of it is really nerve racking. So if some one would, please some tips and pointers would be very welcome.
One humble request - Please explain in total beginner language.
So I have started understanding Candles, OHLC, trending lines, channels and am now on indicators. I have also got an understanding of Scalping, intraday, stop loss etc. but my main problems are
I use Google finance to study the market, but I can not do any trendline drawing on that so I downloaded Amibroker but it is only giving NASDAQ and NYSE data and not BOM or NSE. Plus it is so expensive to buy and the feeds are even more. It is a good software but very difficult for beginners.
So for a beginner trader what software and feed to use?
How to do intraday, I have a HDFC demat account but I read on the forum that I need an online trading account, so I called up HDFC who said to buy BLINK and start trading. BLINK looks useless and also HDFC rates are expensive.
As I understand it goes Bank Account -- Demat Account -- Online Trading Account. Please help in choosing good online trading Account.
Can any profits made be taken out of trading account on the same day itself.
Thanks guys, I will be posting any more doubts if I have.
This is my first post on traderji, although I have been reading quite a lot. I want to get in trading for quite some time now and am doing the background reading bit but the application side of it is really nerve racking. So if some one would, please some tips and pointers would be very welcome.
One humble request - Please explain in total beginner language.
So I have started understanding Candles, OHLC, trending lines, channels and am now on indicators. I have also got an understanding of Scalping, intraday, stop loss etc. but my main problems are
I use Google finance to study the market, but I can not do any trendline drawing on that so I downloaded Amibroker but it is only giving NASDAQ and NYSE data and not BOM or NSE. Plus it is so expensive to buy and the feeds are even more. It is a good software but very difficult for beginners.
So for a beginner trader what software and feed to use?
How to do intraday, I have a HDFC demat account but I read on the forum that I need an online trading account, so I called up HDFC who said to buy BLINK and start trading. BLINK looks useless and also HDFC rates are expensive.
As I understand it goes Bank Account -- Demat Account -- Online Trading Account. Please help in choosing good online trading Account.
Can any profits made be taken out of trading account on the same day itself.
Thanks guys, I will be posting any more doubts if I have.