Hi Pranay
I hope reading this post will be worth your time.
Do not waist your money on ANY paid courses. Mostly ALL are CRAP.
Information given by them will be appropriate BUT it will not help you much as a trader but surely help them make money
Here is what you can do instead ;
1) Read books which lay more importance to Price, Risk & Money Management, Trading Psychology, Support & Resistance, Volume (accumulation & distribution)
While having said this, do not get lost in the fancy world of Strategies, Indicators & trading on news.
2) While your chosen course by Himanshu lists Rs. 50,000 as minimum balance required in demat to trade stocks & I do understand out of this maybe 2% will be risked on one trade ....
I SAY DO NOT START WITH MORE THAN Rs. 10,000 out of which you will not trade more than 1 SHARE on one trade, initially, because ;
a) Once you have Rs. 50,000 in demat, YOU WILL OVER TRADE due to not being a disciplined trader as yet & loose most of it & try to get it back after few losing trades.
b) YOU NEED TO DEVELOP THE GUTS TO TRADE 1 SHARE ON ONE TRADE FOR THE FIRST 2-3 MONTHS.
If you cannot be consistently profitable trading just 1 share, what makes you think you can be successful trading 10 shares or more ???
c) Once you demonstrate to NOONE but YOURSELF that Yes, I can trade 1 SHARE profitably for 2 months straight, You can start trading 5 shares for another 2 months & 10 for another 2 months & so on.
If in between, your net profit PERCENTAGE for a month is not as per your pre decided number say 5 % or its a net loss by even .1 %, you will simply go back to previous trading size used & YOU WILL CONTINUE TO TRADE SAME SIZE FOR ANOTHER 2 MONTHS.
Most traders will give up in between when they have to go back to previous trading size & start trading higher number of shares & leverage until they go broke.
Nobody is willing to practically train in the markets for 2-3 years by trading very small, LIVE in the markets which are your actual teachers.
This experience taught me that a true mentor who actually trades himself & makes real money in the market would rather tell you to pay fees to the market instead of him as he is very much capable of making money on his own.
Think for a minute that if these people who offer courses & have been ACTIVE TRADERS SINCE 19XX :rofl: really knew how to trade - Profitably, Consistently .... Would they really have the time & appetite to teach others how to trade ???
Only a struggling active trader, fraudster or Money oriented person will offer you a course in real life.
REAL DEAL IS JUST NOT INTERESTED IN YOUR MONEY.
Atleast that is something I experienced.
---> Forget paid courses
---> Read & Read Smart (More Books by real & consistently profitable traders & few posts in trading forums)
---> Choose a broker carefully
---> Paper trading will be no good so pay the due tution fees to the market trading LIVE over next 2 years
---> If possible make a group of few traders, trade LIVE together & experience the joy of trading 1 share, day in day out or week in week out
Share month end reports & motivate each other to stick to the approach.
-------> If your trading account survives & is in plus month after month, two years from now, come back here on this very thread & just thank me once. That simple thanks will mean everything to me
God bless you.
Happy Trading.
I hope reading this post will be worth your time.
Do not waist your money on ANY paid courses. Mostly ALL are CRAP.
Information given by them will be appropriate BUT it will not help you much as a trader but surely help them make money
Here is what you can do instead ;
1) Read books which lay more importance to Price, Risk & Money Management, Trading Psychology, Support & Resistance, Volume (accumulation & distribution)
While having said this, do not get lost in the fancy world of Strategies, Indicators & trading on news.
2) While your chosen course by Himanshu lists Rs. 50,000 as minimum balance required in demat to trade stocks & I do understand out of this maybe 2% will be risked on one trade ....
I SAY DO NOT START WITH MORE THAN Rs. 10,000 out of which you will not trade more than 1 SHARE on one trade, initially, because ;
a) Once you have Rs. 50,000 in demat, YOU WILL OVER TRADE due to not being a disciplined trader as yet & loose most of it & try to get it back after few losing trades.
b) YOU NEED TO DEVELOP THE GUTS TO TRADE 1 SHARE ON ONE TRADE FOR THE FIRST 2-3 MONTHS.
If you cannot be consistently profitable trading just 1 share, what makes you think you can be successful trading 10 shares or more ???
c) Once you demonstrate to NOONE but YOURSELF that Yes, I can trade 1 SHARE profitably for 2 months straight, You can start trading 5 shares for another 2 months & 10 for another 2 months & so on.
If in between, your net profit PERCENTAGE for a month is not as per your pre decided number say 5 % or its a net loss by even .1 %, you will simply go back to previous trading size used & YOU WILL CONTINUE TO TRADE SAME SIZE FOR ANOTHER 2 MONTHS.
Most traders will give up in between when they have to go back to previous trading size & start trading higher number of shares & leverage until they go broke.
Nobody is willing to practically train in the markets for 2-3 years by trading very small, LIVE in the markets which are your actual teachers.
This experience taught me that a true mentor who actually trades himself & makes real money in the market would rather tell you to pay fees to the market instead of him as he is very much capable of making money on his own.
Think for a minute that if these people who offer courses & have been ACTIVE TRADERS SINCE 19XX :rofl: really knew how to trade - Profitably, Consistently .... Would they really have the time & appetite to teach others how to trade ???
Only a struggling active trader, fraudster or Money oriented person will offer you a course in real life.
REAL DEAL IS JUST NOT INTERESTED IN YOUR MONEY.
Atleast that is something I experienced.
---> Forget paid courses
---> Read & Read Smart (More Books by real & consistently profitable traders & few posts in trading forums)
---> Choose a broker carefully
---> Paper trading will be no good so pay the due tution fees to the market trading LIVE over next 2 years
---> If possible make a group of few traders, trade LIVE together & experience the joy of trading 1 share, day in day out or week in week out
Share month end reports & motivate each other to stick to the approach.
-------> If your trading account survives & is in plus month after month, two years from now, come back here on this very thread & just thank me once. That simple thanks will mean everything to me
God bless you.
Happy Trading.
i have done the course i have done three times in two year all those who are saying it's expensive then doesn't have capital himanshu shah tells that u should have the backing of 5 lakh but i belive we should have atleast 10 lakh i lost 80% then again i joined and now i have three flats and i am doing extremely well for myself u should have a very big capital to do this course
Just-Trade