diary of a day trader

[TraderRavi]

Maybe I didn't define it well. One lot buy + sell is between 25-30 Rs. One paisa move is Rs. 10. I guess one paisa can be defined as 4 ticks, but I look at it in terms of paisa . No auto square off. It is much cheaper than 1 lot mini and you can trade 9-5 (longer trading hours). There is almost always some sharp move between 4-5pm.

ok I got it from zerodha website...1 lot USD/INR buy sell..total cost is only 17-18 Rs....that is less than 2 paisa move.....

 

[TraderRavi]

Chataara dear,

this information is really valuable, but I need some more Will u explain please :

What currencies can be traded in India ?

How much margian is required for trading 1 lot ?

Is currency trading available 24*7 ?

Can you trade currency with same a/c or u need to open a seprate a/c ?

Thanks in advance.

jo mujhe malum hai batata hun...suno ...

In NSE ...USD/INR, GBP/INR..YEN/INR...EURO/INR.....4 pairs allowed....

USD/INR most liquid pair ..margin 1900 per lot...others around 2k...

timing 9 am - 5pm...

same account as FNO..

 

[TraderRavi]

 

[TraderRavi]

EW Theory...

next target is around 4375..........this target is based on the assumption ...nifty is in wave 3 currently....so 100% fib comes around 4375...if it really goes to this target in coming days then 127% comes @ 4175 and 161% @ 3900......but thats far away ...lets see how it pans out........, wave 3 are very fast and furious generally....

 

[timepass]

ok I got it from zerodha website...1 lot USD/INR buy sell..total cost is only 17-18 Rs....that is less than 2 paisa move.....

Ravi, I think that you have not calculated the stamp charges. See my first test trades in this scrip and you will get an idea. The cost for trading 1 lot is 25-30 rs. But I think with sufficient quantity and turnover it can be brought down to Rs. 15 or so since max stamp duty is 50rs. per day (per segment) and max brokerage is 20rs. (i.e. above 4 lots the dalali is ZERO).

Now with the dollar being above 53rs., the tran charges etc. are a bit higher.

 

[jain.er]

RK G is bttr for currency @ 1 per lot then zerodha ....@20 per lot

 

[timepass]

RK G is bttr for currency @ 1 per lot then zerodha ....@20 per lot

What other charges are there ? Can you please give a breakdown of the costs.

 

[jain.er]

dude 20 rupees itself wud kill ny of yr profits

 

[timepass]

dude 20 rupees itself wud kill ny of yr profits

The contract note shows 20rs. for four trades. Anyway, these were test trades with 1 lot only. If one goes with a larger number of lots, the costs come down. For more than 20 lots, the brokerage hits a ceiling of 20rs.

 

[jain.er]

min of 20 lots to match RKG thats too bad as per zerodha's reputation goes