Students involvement in trading. Harmful?

Hi Friends,
I'm new in trading & completing my b tech degree.I just Open a demat account in state bank of India.but i'm worried about losing my money.may i trade or not?


Lien Amount : ₹5000

Losses and profits are a part of trading. For freshers only way is to make losses and forget about profits. There are two phases in trading. One is learning phase which lasts about 5 years during which donot think to make any money....its a learning period. Learning involves about 10,000 hours of screen experience whether actual or mock trading. Your capital should last for 5 years before you attempt to make any money. Earning phase which begins after 5 years of learning phase.

Now, decide yourself whether you want to continue or not.

learn then Earn..........follow Business channel daily 1 hour.....no intra-day......no big money.......use 10% of your Total Capital.....:thumb:

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truth is its minimum. i can tell u, hell a lot of practical knowledge reqd here.
it takes time, av failure rate 98%, but once u completed the knowledge /practice/impletion -sweet & money r worth.
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some thing u have to learn
1] trading as business
2] why all other lose against u
3] discipline
4[ money management
5] keeping cool head
6] maintain trade journal
7] deciphering price
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one thing i can assure , u have to x by knowledge/attitude the financial channel comedian.

Some alternate view :

Good to know somebody at your age is thinking in terms of making money trading/investing.... Would say, go ahead. If you make money then there is no problem.... but if you lose, you will have the best experience 5,000 bucks can buy!

Students are always welcomed. but, as it is a best business in the world, do proper paper trading by using any strategy. dont do blind trading like a gambling.

see this as a business.

you can make good profit in future. for students, 5000 is also a big money for them. don't loose such money.

if you are a commodity trader, start your trading with gold guinea

if you are a equity trader, start your trading with nifty bees.

if you trade in the above products, 5000 can be lost very slowly within one year. but you can learn the market very slowly in such products.

arjunhk007

I encourage you to invest/trade and get over your fear.
If you win and make good money , don't' be overconfident.
If you loose,don't take that to heart.
Since you are an engineer , there will be lot of challenges awaiting you in life.
Just remember that trading is not gambling and requires discipline and hardwork.
Do not invest on tips.
Do not indulge in day trading
:thumb: