What is the minimum capital to start intraday trading in India?
This is an obvious question for one who is new and interested in stock market.
Intraday trading is trading within a day that means all positions are closed before the market closes for the day. Since the traders have the motive of profit only, they must speculate for a stock to go up or down.
Products for intraday trading are stocks, options, currencies and future contracts like equity index futures, interest rate futures, currency futures and commodity futures.
So, minimum requirement of fund varies from broker to broker and different products.
There are thousands of equity stocks ranging from 50 paise to Rs 60,000/-+. So, the trader should have the money that is required for trading according to the price and quantity of stocks.
An example:
But it also depends on the brokerage plan of your broker. Traditional brokers generally charge higher. So, a reliable discount broker like Zerodha may be a good choice.
Zerodha charges 0.01% or Rs 20/- whichever is lower for intraday trades and investing in equities and Mutual Funds.
This is the beneficial information for all beginner traders, on the initial stage trader should focus on learning and they need proper guidance, and a stock broker is best guide for the investment in the market. Swastika Investmart is the Best online share brokers in the market.
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