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I want to know about online trading. I have heard people make good money in Trading
I have an interest in Online Trading #business #business-idea #small-business #e-business #stock-trading #trading
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8 answers
Updated
CK’s Answer
Check out the links:
https://www.quora.com/What-is-online-trading-and-how-does-it-work
https://www.quora.com/Is-it-safe-to-do-online-trading
Note: Forex trading is disallowed in India unless it involves INR.
https://www.quora.com/What-is-online-trading-and-how-does-it-work
https://www.quora.com/Is-it-safe-to-do-online-trading
Note: Forex trading is disallowed in India unless it involves INR.
Hi CK!
Thanks for jumping in to attempt to answer this question. As our Community Guidelines (http://guide.careervillage.org/) state, we encourage professionals to not simply post links, but be able to explain reason for sharing the link and sharing tips/advice alongside it.
Would love for more context here and some personal advice you can share with Wasi here :)
Thanks!
Jordan Rivera, Admin
COACH
Updated
sushma’s Answer
there has been a lot of hype about online trading . In online trading there are multiple types. But you need to be aware that you might lose the investment that you have made as well. So its a risky path. But then if you are ready to take the risk please make sure that you go through the courses available.
Updated
Liuv’s Answer
I trade part time. I lost $15k. I do not regret it. I love this game its my passion. I will come back. You need to look a strategy for example I will give you my 1 million idea for free. Day trade earnings or news, cut losses at 2% and take profits at 2% you can even day trade top gainers and losers but penny stocks are dangerous. Use Webull so you learn how to trade using their paper trade feature. You must learn how to short. Shorting is making money when the price drops but losing money when the stock price rises. On YouTube I recommend ZipTrader and Zed Monopoly. Best wishes.
Updated
G Vishnu’s Answer
Online trading is basically the act of buying and selling financial products through an online trading platform. These platforms are normally provided by internet based brokers and are available to every single person who wishes to try to make money from the market.
Most brokers, like iFOREX provide a variety of financial products including Shares, Commodities and Forex. While trading Shares like Google or buying and selling Commodities like Gold or Silver might be quite familiar, Forex trading has gained extreme popularity over the last couple of years due to some of its major advantages.
-use this link- it wll help you alot- http://www.iforex.com/getting-started
Updated
Kaman’s Answer
Of course！Online trading is a good way to make money,but do you know,it also has much risk,and sometimes maybe you will lost all money.
So,if you really want to make money by online trading,you can:
~Study in finance course
~Study some trading skills by Youtube channel
~Practice in Simulated trading
~Connect more people who have much trading experience
Good Luck!
So,if you really want to make money by online trading,you can:
~Study in finance course
~Study some trading skills by Youtube channel
~Practice in Simulated trading
~Connect more people who have much trading experience
Good Luck!
Updated
hio cheng’s Answer
hi, it is hard to make money from stock market, if you want to be a trader, you need to join some course, and you can do some paper trading for training before starting.
Updated
Manjunath’s Answer
Yes, you have heard it right. Here are my insights:
1. Trading is different from investment. While investment can either be long-term (infinite years including transfer of your shares to your children/grandchildren) or short-term (anywhere between 1 to 6 months), trading is broadly considered as intra-day (buy and sell the same day) or positional (at the maximum, the holding period will be for 1 month).
2. Trading involves in-debt market analysis - the first one is fundamental analysis and the second one is technical analysis.
a. In fundamental analysis, an analyst needs to look at the financial statements of a company, its business model, overall macroeconomic scenarios, management capabilities and many more things for coming to a specific fair value of a company.
b. On the contrary, the discipline of technical analysis is not at all concerned with this detailed study of fundamental factors. A technical analyst only looks at price of a stock derived as a result of supply-demand interaction. For a technical analyst, price is supreme and he or she sees price as manifestation of every fundamental reality. Hence, they look only at two main aspects in the market. Price -over -time and volume. Technical analysis is a very interesting subject. This is not a definitive science, rather a probabilistic discipline. In simple terms, it is more of an art than science. There are well known chart patterns or indicators in the market. With experience, a Technical Analyst is able to form an opinion of his or her own so that he has some extra edge on the market assessment than someone having just bookish knowledge of technical analysis.
3. When it comes to day-trading as a discipline, it broadly involves the following:
a. Trading in Equity Markets – Buying or Selling of Shares of listed companies (for example, buying or selling to Tata Motors’ shares.
b. Trading in Derivative Markets - Buying or Selling of Futures or forwards (for example, buying or selling of Reliance Industries Futures).
c. Trading in Derivative Markets – Buying or Selling of Index Options or Stock Options that are listed as part of Futures and Options market (for example, buying or selling of Titan Company options)
4. In order to become a successful trader:
a. Identify a trainer/mentor who can provide you some basics about trading and will support you as initial handholding.
b. Every trader has to pay the tuition fees to the market (initial losses will always be there).
c. Most of the traders go through this journey – Initial Losses > Small Profits & Big Losses > Small Profits & Small Losses > Big Profits & Small Losses > Big Profits & Rare Losses.
d. Read a couple well-known books on Trading.
e. Familiarize with a couple of leading indicators (RSI, ADX, Supertrend, etc).
f. Familiarize with the concepts of Bullishness and Bearishness of the markets.
g. Familiarize with sectoral rotation of the markets (for example, during India’s summer, companies that are in refrigerators, air conditioners, air coolers, make great money; invest in those companies and get out when winter arrives).
h. Familiarize with the concepts of Price Action (how to read the charts and the associated price action).
5. On closing notes, discipline is everything in day trading.
6. Always consider the markets are supreme, market knows everything, market discounts everything; never assume that you know something before the market does.
7. Build a robust system and have faith in your system.
Good Luck and Happy Trading.
Open a Demat Account
Try to observe the markets and the price behavior for at least 6 months.
Trade in small quantities initially.
Start with Equity markets where risk is minimum and reward is also minimum. Avoid Derivate market (Options and Futures) until you confident about your capabilities.
1. Trading is different from investment. While investment can either be long-term (infinite years including transfer of your shares to your children/grandchildren) or short-term (anywhere between 1 to 6 months), trading is broadly considered as intra-day (buy and sell the same day) or positional (at the maximum, the holding period will be for 1 month).
2. Trading involves in-debt market analysis - the first one is fundamental analysis and the second one is technical analysis.
a. In fundamental analysis, an analyst needs to look at the financial statements of a company, its business model, overall macroeconomic scenarios, management capabilities and many more things for coming to a specific fair value of a company.
b. On the contrary, the discipline of technical analysis is not at all concerned with this detailed study of fundamental factors. A technical analyst only looks at price of a stock derived as a result of supply-demand interaction. For a technical analyst, price is supreme and he or she sees price as manifestation of every fundamental reality. Hence, they look only at two main aspects in the market. Price -over -time and volume. Technical analysis is a very interesting subject. This is not a definitive science, rather a probabilistic discipline. In simple terms, it is more of an art than science. There are well known chart patterns or indicators in the market. With experience, a Technical Analyst is able to form an opinion of his or her own so that he has some extra edge on the market assessment than someone having just bookish knowledge of technical analysis.
3. When it comes to day-trading as a discipline, it broadly involves the following:
a. Trading in Equity Markets – Buying or Selling of Shares of listed companies (for example, buying or selling to Tata Motors’ shares.
b. Trading in Derivative Markets - Buying or Selling of Futures or forwards (for example, buying or selling of Reliance Industries Futures).
c. Trading in Derivative Markets – Buying or Selling of Index Options or Stock Options that are listed as part of Futures and Options market (for example, buying or selling of Titan Company options)
4. In order to become a successful trader:
a. Identify a trainer/mentor who can provide you some basics about trading and will support you as initial handholding.
b. Every trader has to pay the tuition fees to the market (initial losses will always be there).
c. Most of the traders go through this journey – Initial Losses > Small Profits & Big Losses > Small Profits & Small Losses > Big Profits & Small Losses > Big Profits & Rare Losses.
d. Read a couple well-known books on Trading.
e. Familiarize with a couple of leading indicators (RSI, ADX, Supertrend, etc).
f. Familiarize with the concepts of Bullishness and Bearishness of the markets.
g. Familiarize with sectoral rotation of the markets (for example, during India’s summer, companies that are in refrigerators, air conditioners, air coolers, make great money; invest in those companies and get out when winter arrives).
h. Familiarize with the concepts of Price Action (how to read the charts and the associated price action).
5. On closing notes, discipline is everything in day trading.
6. Always consider the markets are supreme, market knows everything, market discounts everything; never assume that you know something before the market does.
7. Build a robust system and have faith in your system.
Good Luck and Happy Trading.
Manjunath recommends the following next steps:
Updated
Tushar’s Answer
Trading is a highly speculative activity in short term you may end up with some profit but in long term without proper knowledge it will result in loss, so you need to be informed and start small to gain learning and experience before jumping into the stock market with all your capital.