What is intra day-trading? Is there any training centre at chennai?

Question

She is a home-maker with children and daily family committments. Having more interest in share trading plus the back ground of commerce graduation, is there any such petty-trading can be carried out at home by spending 4-5 hours with little investment?

QUESTIONS ARE:

1. Any institution in Chennai, conducting classes on intra day trading and give guidance on it.

2. Or any other options for learning and applying it.

3. Books and magazines if any to be read.

4. Important qualities for a day trader as a woman.

5. Infra structure needed at home.

6. Minimum investment to start with.

7. The Dos and Do-nots.

Kindly, give guidance and shower your experience in this business regard.

Answer 1

I believe that you can start with as little as $500 with some brokerage houses, but I think that it is difficult to work with that small of an amount. $5,000 is a better figure. With that amount you can buy 100 shares of a $20 stock and still have some money in the account. If you buy 100 shares and the stock goes up $1, you have made $100 minus the commissions that you pay. With Scottrade, the commissions would be $7 to buy and $7 to sell.

You don't need a real fast computer... even a 400 mhz pentium will work, but you do need a dedicated internet connection that can be on all day long. DSL, Cable, or Wireless are better than dial-up. The bigger the computer monitor the better...or get a video card that will operate 2 or 4 monitors. You need that to watch charts, etc.

DO NOT trade penny stocks.... stocks that are only a few cents. Start out with established companies that have real profits. I lost a ton of money to give you that advice. I have seen those stock drop so fast that your money can be gone in a few minutes.

DO NOT buy stocks that come to you in emails.

DO NOT follow the advice of chat rooms on Yahoo or Paltalk. You can listen and learn, but there are a lot of scam artists out there who make a living by "Pumping" stocks that are worthless.

If you get an account with a company like Scottrade, there are a lot of materials that you can read just on their site. There are many stock trading websites that you can find online. You really don't need to buy a lot of books.

I'd buy companies that you personally know are stable, and trustworthy. Buy on days that the market is down, dragging down the share price of most stocks. Then hold for a better day. If the stock hasn't stopped falling, don't buy it till it starts heading up.

Practice by trading on paper before trading with your real money....

Good luck!

Answer 2

first start with chart

get PC, net, install medvedquotatraker

u can do it in gold silver also
more safe & less capital

more on my blog & other answers