Trading as a career opportunity is thought of many people nowadays especially youths. But before considering trading as a career opportunity many things need to be taken care of. While trading is different from investing, people who want to become professional traders should follow several things. These could be like: strict discipline, trend, risk management, technical analysis, sources of news, stop loss, scaling, etc.
Trading comes with lots of transaction charges, these charges always paid by you whenever you trade.
Lower transaction cost will increase you profit in trading.
What are different transaction cost incurred while trading?
- Security transaction tax
- Transaction charges
- SEBI charges
- Education Cess
- Higher education cess
- Stamp duty
- Goods and Services tax
You pay these 8 different charges when you do a transaction in stocks, futures, options or currencies.
Where can you reduce the cost of trading?
This can be reduced in the brokerage charges that vary from broker to broker. Now, just take a look at the example:
If you are trading with Angel broking, then for Futures trading they charge 0.05%. That means if you buy Nifty future at 7500 so you will need to sell it above 7507 to start making a profit. That’s about 7 points.
What we offer is, if you buy Nifty future at 7500 and if you sell it at 7501.25, you will still make a profit. Therefore intraday traders can maximize profits by reducing the cost of the transaction.
For Nifty options traders, if you buy nifty 7500 call at 100 and sell it at 100.3, i.e selling it higher by 30 paise. You will still make a profit. This is possible only when brokerages charges are very low, we offer lowest every brokerage to our site visitors.
To open an account with us just fill and submit this form:
or use this link to open a trading / demat account: https://upstox.com/open-account/?f=ZOJQ
Also, call me on +91-9970777789 for the brokerage cash back coupon codes for new accounts. (I can offer up Rs.750/- cash back on new accounts).
Golden Sauda says
Very help full information on Trading but complete knowledge i essential for success of any work like in trading complete knowledge of every economic data is important.