Trading is easy in Indian market with SEBI approved share market advisor For novice trader trading is not easy on initial level but with the help of proper planning one can always master the field. This article discusses few steps that can help the traders to trade in the Indian market. Many people have a myth regarding trading that it is a chance business but it has proven truly a myth. Trading needs hard work and a finer strategy like other businesses to get success. For the novice trader it can be confusing that how to trade so here few steps are given to follow. Step 1 – Making and following a plan For every business it is required to make a plan so it is true for trading also. If a proper plan is done that half the work is done. Once the plan is ready then it is required to follow the plan. Few things you can keep in mind at the time of plan making. You can even take the help of best stock trading advisoryservice to make a plan for you. Step 2- Setting up the target One needs to keep the objective very clear that what they want in return from market. If it is about the capital then be sure about how much to invest and what is the target amount that you want to achieve. This will help you to plan further. Step 3 – Make a strategy Strategy making involves everything like choosing the right stock and what are the stop loss limits. It also stretches to making a right move as you buying and selling moves are also very important. You can break though the main strategy and strategize every step as it will give more clarity. Step 4 - Strategize risk management Risk management is required to secure the capital. In a way, risk management means how much of capital loss one can afford and at what limit a person should stop. Thus, this helps to decide the stop loss limit. Step 5 – Decide on the size of the trade It is seen that people get obsessed with one trade and they invest all the capital in one stock that can be risky too. It is always better to select the size of the trade. The best practice is to invest less capital in more trades than investing all the capital in single trade. Step 6 - Market high and low both can give you money
Many traders follow the old strategy that they buy on the lower prices and sell on the higher prices and they see it as an only option to make money. In stock market money can be made through its opposite also. One can make money by fist selling at the higher price and then buying at the lower price. Step 7 – When in doubt ask the expert It is always advisable to get the help of the expert whenever you are in doubt. Indian stock market works under the regulatory body so all the stock advisors are also registered. In doubt you can take help of SEBI approved share market advisor. Conclusion Stock trading is easy with lot many advisory services available. SEBI approved stock advisors are best for Indian market trading as they are the registered ones.