Best Intraday Brokers

“In trading it’s not about how much you make but rather how much you don’t lose.”- Bernard Baruch. Before starting investing it is very important for one to understand that proper risk management is more important than making money.

Stock market is said to be a market for investors who are planning long term investments, but then this market also has people who just want to trade and not think about holding the shares for long term.  Such trading is the act of buying and selling of stocks within the same day and making profits within a short time. This experience of trading the same day is called intraday trading, for doing these intraday transactions the “Best intraday broker” is utmost important.

These top intraday traders in India experience higher volatility than the long-term investors. Most of the investors are hesitant to enter into intraday trading because of the risk involved, but with the right set of knowledge one can make the most of it. Intraday trading is also known as day trading, in this type of trading there is a probability to make quick money. The trader is a master of his own and is free to decide whether he wants to trade today or not. As every coin has two sides so does this intra day trading where high brokerage and taxes does not allow to keep up the profits. Also, day trading requires a lot of discipline and can even be stressful at times. 

A trader should look out for a stock broker or best intraday trading platform to deal in intraday trading. A trader needs to choose wisely and check the seriousness of the broking company before choosing one. 

1. Speed and reliability-

The broker should have invested enough in the connectivity, backups, etc. so that his clients do not face any difficulty. It should be kept in mind that a slow and lagging network should not be a problem at the broker’s end.

2. Stability-

The trading platform should be a well-established player in the market. A trader should not get influenced by advertisement campaigns, make sure that you verify the facts and other details stated. 

3. Lowest Intraday brokerage-

A person needs to check whether he is a trader or an investor, if he is a trader he will be trading regularly and will need a broker with lowest intraday brokerage charges. If a broker is charging on a percentage basis it might create a little difficulty. The broker that charges fixed brokerage might work in such cases. A trader may also negotiate with a broker at the time of opening the account, to ensure there are no hidden charges and all the charges shared at the time of opening an account.

4, Expert Research Team-

A trader needs advice every now and then from the broker, so the best in the industry with a valid knowledge and qualification as well experience in the finance sector should be involved in the expert team of the stock broker. These experts give hands on advice to the traders and help them earn maximum from the stock market.

5. Customer Service-

A trader does not only expect from its stock broker to resolve administrative concerns. Customer service includes giving tips, tricks and ideas so that the trader could earn maximum profits.