how can i start with 40000 rs?

well i have 40,000 rupees and i'm a computer student. but i want to earn money fast. i don't have much knowledge of share market. i'm from gujarat.
so if i start with my 40k, i might lose all 40k. but is there any chance that i have to pay more than 40k anyway?
i don't know rules.
and can i make much money with the money i have?

well i have 40,000 rupees and i'm a computer student. but i want to earn money fast.

Trading is not the right place to earn fast money. There is a lot of concepts in the trading. your first try to learn.

As per my suggestion, dont invest now. learn some strategies and read various threads in the traderji. do paper trading for six months. if you get the profit in paper trading, then, do the trading with real money.

otherwise, you have the chance to lose your 100 percent capital within six months

1. Open an account where brokerage is the lowest for equities/Deliveries.

2. Mobile access of terminal is a must.

3. Avoid Derivatives/Commodities for one year. Its a big NOOO for beginners.

4. Divide 40000 into four parts. This amount you must consider as a tution fees to Market. Eventually you will be loosing all your initial amount for sure.
For each quarter maximum loss bearing mindset should be maximum upto 10000.

After one year let us know if you have learned something

well i have 40,000 rupees and i'm a computer student. but i want to earn money fast. i don't have much knowledge of share market. i'm from gujarat.
so if i start with my 40k, i might lose all 40k. but is there any chance that i have to pay more than 40k anyway?
i don't know rules.
and can i make much money with the money i have?

Hi..

As stated above by PT trading is not the way to make fast money.. even if u do with some luck, u will loose it even faster.

I would advise you to give sometime to yourself to learn the basics of trading. It may take a year or two. Do not trade in this period but keep a sharp watch on price movement. I would not advise you to do intraday trading initially too. Concentrate on swing trading and positional trading.. its slow but will give you time to have a better look at price movement.

Read as many books on price action and trading psychology as you can. Avoid indicators if possible.

Lastly... I would not like to trade with 40000 account its too small to have a business specially in earlier phase of carrier because when you do not have enough capital you will not be able to cope with psychological issues that will occur due to losses you would make. This i can say from my own experience as years back i started with only 50000 and blew up twice.

my two cents.. hope it helps..

thanks. i gotta learn these terms like swing and positional trading and all terms related to this business.
here all say people never got rich in trading, they all lose money. my dad lost 15 lakhs. so i'm thinking to cover them even it will take time. and pursuing MCA and job will not satisfy me with money.
so do people really get rich in this business or ultimately they lose all?

I could not find this in any of the above posts!!