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Does intraday have brokerage?
Typically, a full-service broker charges between 0.03\% to 0.05\% of the transaction value as brokerage along with a minimum fee of around Rs. Discount brokers, meanwhile, usually charge a flat fee per transaction. On an average, an intraday trader pays Rs. 220 per day to the broker as brokerage charges.
Can I do intraday trading with my holdings?
Yes one may do intraday trading on holding stocks. When we buy stocks for long time holding, we face the price going up and down. To avoid or sustain the drawdown on the holding stock one can trade intraday on it.
Can I legally manage other people’s money?
Though you surely don’t need a license to manage your own money, you definitely need one to manage other people’s. You’ll Need a License, but Which One? There are numerous laws and agencies regulating advisers, traders, managers, and even influencers of other people’s money.
How can I trade without broker in India?
Another option of investing in the stock market with any broker is through the Direct Stock Purchase Plan (DSPP). If you have small amount for the investment and you don’t want it to get wiped out by the brokerage charges, then you can consider this option for investing in the share market without broker.
How to find the best broker for intraday trading?
Intraday trading is among the most popular trading segment in India. Finding the best broker for intraday trading is challenging. Compare intraday brokerage and exposure margin for top stock brokers in India to find the best brokerage firm for intraday. Intraday trading (or day trading) is buying and selling the stocks within the same trading day.
Do brokers take margin on intraday?
No, they don’t. Technically, the margin taken for the intraday positions are reverted back to the broker on the same day. Therefore, the broker need not worry about this leverage. In fact, the brokers willingly encourage the intraday leverage to their clients in order to raise the trading volumes.
Is TWS the best brokerage for day trading?
No broker can match Interactive Brokers in terms of the range of assets you can trade and the number of markets you can trade them in. TWS is the strongest overall platform for day trading with customizations and tools that will satisfy even the most sophisticated traders.
What do day traders look for when choosing an online broker?
When choosing an online broker, day traders place a premium on speed, reliability, and low cost. Features designed to appeal to long-term infrequent traders are unnecessary for day traders, who generally start a trading day with no positions in their portfolios, make a lot of transactions, and end the day having closed all of those trades.