Intraday Trading Guide for Beginners

Beginners are a lot puzzled about selecting the correct tools and trading accounts for trading. Gill Broking provides – a viable trading account that provides the exact type of research tools as well as material to assist you with your initial trade.

To start with, Traders use real-time charts to spot the intraday price trend. Together with price monitoring, there are quite a lot of other instruments that aid in making your first trades flourishing.

It is significant to comprehend the basics of intraday trading so as to make regular profits. An excellent guide is to trade with the existing market trend. In case the market is going down, sell first and then buy later on, and vice versa.

The below-mentioned guide of moves and strategies will help you to profit when you do intraday trading:

  • Enter and Exit at a perfect time

Always try to trade with the prevailing intraday course so that the risk of entries is low and the possibility for higher gains in case the trend continues. Such entry and exit trend indications offer helpful entry plus stop-loss schemes. Once your system renders an entry indication and the spot is taken, the exit place has to be determined. You can exit when you meet either of the 2 conditions—you have attained your desired profit or you have reached maximum loss. Never allow your impulsive behaviour get over you but remember to set profit and stop-loss targets before trading.

  • Have a pre-distinct target

New-fangled traders may feel disheartened with their capability to obtain profits and may neglect to do significant things essential to thrive in day trading. It is significant to have a day trading arrangement to benefit from the several opportunities prevailing in the Market. Beginners have to apply trading strategies so as to benefit from these opportunities. You need to set profit and stop-loss price targets prior to trading so that you can limit your loss as well as not be too greedy. Rather, bond to your day trading plan and do not anticipate getting wealthy in a solitary trade.

  • Choose the intraday market course

You can choose an intraday market course by means of the ‘value area’. Value area is the scope where about 70% of the preceding day’s trade occurred. This constraint assists in estimating the market course. In case the market opens higher than the value area then you have to enter a short spot nearer to the top of the value area, but in case the market opens at a lower value then you can enter in a long-term position near the bottom of the value area.

Making profits through small price variations during a few trading hours is a difficult task. Gill Broking assists you to monitor commodities as well as its prices in real-time. Being web browser dependent, you can with no trouble do online share trading from anywhere, without affecting the speed. The platforms aid in taking fast decisions, thus helping traders to make profits.

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It is, therefore, important to learn both the pros and cons of intraday trading to get a better idea of how this market works and how exactly you can grow your money. In this post, we will walk you through a few advantages and disadvantages of intraday trading. So, keep reading to learn more.

• Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
• Ensure that pay-out of funds/securities is received in your account within 1 working day from the date of pay-out.
• Be careful while executing the PoA (Power of Attorney) – specify all the rights that the stock broker can exercise and timeframe for which PoA is valid. It may be noted that PoA is not a mandatory requirement as per SEBI / Exchanges.
• Register for online applications viz Speed-e and Easiest provided by Depositories for online delivery of securities as an alternative to PoA.

• Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.

• Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: NSE, MCX

• Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.

• Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.

• Don’t ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.

• Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.

• Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.

• Do not deal with unregistered intermediaries (who are not registered with SEBI/Exchanges).

Names and contact details of all Key Managerial Personnel including Compliance Officer

Sr. No.Name of the IndividualDesignationContact NumbersEmail Id
1 Charanpreet GillCEO/
2 Charanpreet GillWhole Time
3 Charanpreet GillCompliance
4Manpriya GillDesignated
5Kewal GillDesignated

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