Make Instant Profits with Intraday Trading

If you are interested in the commodity market and willing to make instant profits, then trading in intraday is for you. In intraday trading, the primary work of a commodity broker is to buy or sell the commodities order to earn profits.

Buy and sell a commodity in a day

The first thing that a person needs to understand while dealing with trading in intraday is that it is not meant for long-term investment. Rather it is completely based on situations and day to day occurrence. Intraday basically means “within a day” A person will need to buy and sell a commodity in a day based on the fluctuations of the prices. Failing to do so might result in a loss.

To begin with trading in intraday, a person will need to open a commodity trading account using which the person can then carry on with his trading on the commodity market. It is no doubt a great source of earning profits. You need to buy shares when the price is low and sell them when it is high, thus, gaining you a profit in the whole transaction.

Long Term Investment

EARNING PROFIT THROUGH INTRADAY TRADING

Although earning profits through intraday seems easier, it is not. First thing first, in order to compete in an intraday market, you will need to have a brief knowledge about the process. Moreover, you will have to gain a detailed knowledge of the metal that you are going to buy or else you will have to face losses. You will not only need to learn about the profits but also the losses that the company has occurred in past. Risk analysis is one important tool that will help you to make profits in intraday.

Read in detail- How To Make The Profit in Intraday Trading

One thing that you need to understand while dealing with intraday trading is that you cannot simply buy any share. You will need to make a target that this is the commodity that I am going to buy today. People have actually suffered huge losses while dealing in intraday because of lack of knowledge. So, make sure that you do not commit the same mistake as them if you want to earn profits.

DEALING WITH INTRADAY TRADING

The most common fact that you will need to know is that you will not be able to make profits all the time through trading in intraday. Unless you have guidance or a professional assistance, you would not want to make and hasty conclusion. Hence, it is always better to opt for professional commodity brokers such as “Gill Broking” by your side to help you deal intraday trading. We help you with the best financial services making life easier.

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• 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/MD011-40345555admin@gillbroking.com
2 Charanpreet GillWhole Time Director011-40345555gillbroking@gmail.com
3 Charanpreet GillCompliance officer011-40345555compliance@gillbroking.com
4Manpriya GillDesignated Director-1011-40345555manngill04@gmail.com
5Kewal GillDesignated Director-2011-40345555fvwealth@gmail.com

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