Interday Trading

Hi Everybody,
I am new to trading like to know the secret of making wealth.
Regards,
Krishnakumar

What do u suggest is a better investment in terms of long term returns:
a) Investing in NFOs of good fund houses when NAV is still Rs 10.
OR
B) Investing in best performing funds while their NAV has already reached 100 or more.

Few things everyone must do before entering intraday trading.

1. Give at least 400 hours of screen time, reading charts.. Paper trading and working with different strategies. You can find many on this forum.
2. Learn to control fear.
3. Learn to control greed. (two very different things. Both will destroy your capital)

All other perquisites like money and risk management, you will learn when you give enough screen time learning charts and this forum.

Dont even think about trading with real money unless you can successfully predict trends atleast 60% of time.

please gain knowledge before venturing into trading .
discussion with peers, financial analysts is one of the many ways