How to Start Trading as a Student-Earn 1000 Daily

Hello Guys,In this article we will discuss about How to Start Trading as a Student for beginners in India.Earning money from stock market is little bit challenging because it’s a game of patience,discipline and deep knowledge but in return,you can earn 15k to 50k a month at home.So lets get started to learn from basic:

Ask Yourself Why You Want to Be a Trader?

Before exploring the world of Trading, it is important to consider why you want to trade in stock market.To achieve long-term investment success in stock market it requires patience, hard work, time, and psychological discipline.So ask yourself whether spending your time and energy on trading is the right decision for you.Compare it to other significant responsibilities you may have, including finishing a second major, studying a foreign language, working as an intern for a professor, participating in extracurricular activities, or joining a sports or community organization. Although it is possible to do many of these things in addition to your investment and school or college studies, The number of commitments you can actually keep up with is limited,because stock market takes time to learn.

How to Start Trading as a Student:

Earning from stock market is not as easy as it appears specially for student because stock market requires capital to trade and invest and for most of the students, capital is the big concern.Although, Students can earn through refering the apps like Upstox,Zerodha Angel One etc.

Also Read :-What is Stock Market.

If you are still interested in earning through trading then here are 4 steps to start trading as a student:-

Step1: Choose a broker

The first step is to choose a good broker.In the stock market, a broker is a financial intermediary or a firm that facilitates the buying and selling of financial securities, such as stocks, bonds, and other investment products, on behalf of investors. Brokers act as intermediaries between buyers and sellers, executing trades and providing various services related to securities transactions.

There are thousands of broker that provide facilities to open demat account with different offers but there are three best broker applications.

• Upstox
• Zeroda Kite
• Angel One

Tips to Open Demat Account:

• Check the charges associated with opening and maintaining a Demat account. These may include account opening charges, annual maintenance charges (AMC), and transaction fees.
• Consider factors such as service quality, transaction charges, and customer support while choosing a DP.
• Compare the fee structures of different DPs to find the one that aligns with your preferences and budget.
• Carefully read and understand the terms and conditions, as well as the rights and obligations associated with the Demat account.
• Choose a broker that provides a understandable invoice statement.

Step2:Open Demat and Trading Account:

Opening a Demat account requires Aadhar Card and PAN card,If you aadhar and PAN card or you can use your parent’s card, filling the form is easy and it takes atleast 20 minutes to fill the form:

• Click on above link or any broker according to your choice to open Demat Account.
• Enter your mobile number to register.
• Fill in your basic details such as name, email address, mobile number etc.
• Verify your mobile number and email through OTPs sent to your registered mobile number and email address.
• Complete the online application form by filling the details such as PAN card information, date of birth, and bank account details.
• Some brokers, including Upstox, may require an In-Person Verification (IPV) process. This can be completed through a video call where your identity will be verified.
• Read and sign the necessary agreements and disclosures related to the terms and conditions of the Demat account and trading account.
• Pay the account opening charges and any other fees as applicable. Upstox may offer different plans and the charges may vary accordingly.
• After submitting the required documents and completing all steps, you may need to wait for the account opening process to be completed. This typically takes a few days.
• Once your account is approved, you will receive your Demat account details, including the Demat account number.
• Use the provided login credentials to access your account. You can now start trading in the stock market.

Steap3:Login to Your Demat Accont and Start Trading:

After recieving your demat account detail, go to your website and login using user id and password and start your trading journey.After Opening the Demat account, you will see the following thing on the screen:-

Watchlist:- A watchlist is like a list of things you want to keep an eye on or pay attention to.You can add different index or list of stocks you’re interested in if you’re into investing. Essentially, it’s a handy way to remember and track things that are important or interesting to you.For example: Bank Nifty,Nifty 50,Tata motors etc.

Portfolio:- A portfolio is a combination of different assets like stocks, bonds, or other investments that a person holds. It’s a way to organize and manage your investments, just like a watchlist helps you keep track of things you want to pay attention to. Your portfolio reflects your overall investment strategy and goals.Portfolio is further divided into two categories:

• Positions:- It is the quantity of a security, asset, or property that an individual or other entity owns (or sells short). When a trader or investor places a buy order or sells short securities, they are taking a position.In simple words, when you buy or sell any shares or index, they will appear in Positions.
• Holdings:- Holdings are the assets in a person’s or a company’s investment portfolio.Stocks, bonds, mutual funds, options, futures, and exchange-traded funds are all examples of financial instruments that can be included in a portfolio.In simple words, If you buy or sell any stock in delivery for long,they will appear in Holdings.

Benefits of Trading:

Trading as Student can be benefitial, if you first learn the basics of stock market and then start trading or investing because stock market is not a gambling where you depend on the luck, it is a platform which can also affect the GDP of any country and your one mistake can wipe your caopital at once.But trading at early age can make you disciplined and experieced in stock market.

Benefits of Trading and Investing:

• You candirectly Trade or Invest in stock market without involvement of any third party.
• You can get high returns in sort time that can be mare than FD and Mutual Funds.
• Learn the finencial terms and make finencial decisions and diversify investments while keeping cost in check.
• Work as a consultant and guide people about stock market.
• Engaging in trading and investing can implant discipline in managing finances, setting financial goals.

What to start first : Trading or Investing for Students

Investing:- Investing in the stock market can be a viable way to grow your wealth over the long term, but it comes with risks.But Investing is less risky as compared to Trading because it is a long term process and can also give high returns if your fundamental analysis is stong and you can also get dividend( Periodic payment to shareholders from a company’s profits, providing income and potential for long-term investment growth) by investing.

But investing is benefitial when you have long term goals in stock market and require capital to invest and most of the students do not have enough money to invest, So you can invest in stock market by small fraction and learn the fundamental analysis parallel.

Trading:- You can start trading with small capital and get high rerturns but it is also very risky and you can lose your money at once. It requires discipline and maney management skill.

Interested in :- Books to learn about Trading in Hindi.

To start trading you need to learn technical analysis and have to watch charts daily but if you follow the risk management rules then you can become profitable soon in stock market.So you should start trading first with low capit, you can start trading with 2000 INR also but its for learning not to earn money in stock market. To start earning from stiock market you need minimum 10 thousand and you can earn 500-1000 in one trade.

Disclaimer:-