But do keep in mind, charges with banks are more on the higher side. For Checking on the reliability of a broker, you must check the broker's membership with exchanges and obviously it must be SEBI registered.
As you are new to the stock market, I believe Finvasia would be good for you. You can actually benefit from their brokerage which is zero in all the segments without any hidden costs. Otherwise Tradeplus,zerodha are also good options.Research well before you choose any.
Yes dealing with psychology is like a challenge.
Meditation somehow helps you control your thoughts. We have to be really calm and patient for good results in trading.
Correct.
Also people need to understand that trading isnt as easy as it seems. Targets must be realistic. Else there would be disappointment and obviously losses.
Stamp duty and STT are standard charges which cannot be denied, so ideally we can't really do anything about it. But yes brokerage is different with every broker. You can look for economical brokers such as Finvasia, Tradeplus. They have zero brokerage for all segments including Futures and...
Agreed, For a beginner who doesn't have much idea about the stock markets, its better to dwell on people's recommendations than just making a random decision and regretting later.
Well said. Trading isn't everyone's cup of tea. One needs to put in a lot of hard work and devotion to time to have a consistent favourable experience.
Well said. when you have laid down rules, you will tend to follow them and that ill bring some discipline to your trades, else your trades will be all over the places only.