I’m sure you must have come across this question at a dinner party or a gathering. These days, it’s common to see people talk about the stock market and the wonders it presents.
Stock trading is basically buying and selling shares in companies to make quick money based on daily or weekly change in price.
While people investing for the long haul are called long term investors, the individuals who want to make quick money and don’t have the patience to wait for a long time are called traders.
Traders watch the short-term fluctuations closely and try to make profits by buying low and selling high. They can also do vice versa and go short if they feel it’s an overvalued stock.
Let us be very clear. While trading in stock market can bring quick gains in literally no time, it also carries the risk of substantial losses.
Also, there’s no single strategy that is consistently successful in any form of trading, including intraday trading.
Financial markets are dynamic. Traders all around the world are constantly learning and improving their knowledge and skills.
You will need to do the same. Stay up to date with charting techniques and keep learning all the time.
While trading in financial markets, you will come across several popular trading strategies.
Ultimately, it's up to you to decide which is the best trading strategy for you.
Luckily for you, we have a guide which can help you succeed in intraday trading.
Also check out what Chartist Brijesh Bhatia has to say on making a living from trading stocks.
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