A Beginner's Guide to Intraday Trading Success

 


Intraday trading is a type of trading where traders buy and sell securities within the same day. In India, the income tax on intraday trading depends on the income of the trader. If the trader has other sources of income, the intraday gains are added to the total income and taxed as per the applicable tax slab. To become successful in intraday trading, it is important to have a well-defined strategy, set stop-loss orders, monitor news and events, use technical analysis, and manage risk. Beginners can start with a small capital, learn from experienced traders, practice on a demo account, keep a trading journal, and stay disciplined. It is important to weigh the pros and cons of intraday trading and consult a financial advisor before investing in the Indian stock market.

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