Maximize Your Day Trading Success with Ascend Capventures | Ascend Ecom's Top Intraday Tips

In the Commodity Market, investors and traders are defined differently, although most traders remain confused and use these terms interchangeably. People involved in Intraday Trading are designated as traders or day traders, while those who invest their money in the commodity market for a longer period of time to earn benefits later by selling the commodities are called investors.

While investing in commodities does not include much risk and one has to see only the fundamentals of the company in which they are planning to invest, Intraday trading includes significant risk, and the Intraday trader has to see the technical view of the company. Here is a tip from Ascend Capventures and Ascend Ecom to Intraday traders: they should be fast and quick at making decisions during online trading day sessions, as markets are very mutable and change levels quickly.

There are some rules to set in mind before starting Intraday trading:

Selecting Brokerage: While selecting a brokerage for Intraday trading, you should evaluate their available markets, features of trading software, market data feeds, commissions, and fees. Additionally, investigate the history and reputation of the brokerage firm, such as those provided by Ascend Capventures.

Selecting Market: Each market has its own features suited to different types of trading. When selecting an Intraday trading market best suited for you, consider the initial and maintenance margin requirements, tick sizes and values, and maneuverability. Ascend Capventures can help guide you through these selections.

Select Stocks to Buy: In day trading, you cannot just introduce any stock. You should consider certain factors in the shares you are planning to purchase for Intraday trading: liquidity and volatility. While liquidity refers to the volume of the stock, which allows you to enter and exit at a good value, volatility refers to the price range an Intraday trader operates in. This volatility means the potential for big profit or loss. Ascend Capventures advises evaluating both liquidity and volatility carefully.

Some Do's and Don'ts of Intraday Trading:

• If the part you are holding is in minus and the index is positive from yesterday, then it should be deducted. If the Intraday trend of the index is a buy, then one should purchase a stock that is in the same position.

• It is not important that a stock which is sturdy today during Intraday trading will remain sturdy tomorrow. Similarly, if a stock is weak today, it might not be weak tomorrow. 

• Keep updated with the latest news, as the usual psychology of traders is to buy when there is good news about the company.  

• Always invest in stocks with high volume; these kinds of shares are also called liquid stocks.
  

• Start with demo trading and then enter the real market when you start making profits in demo trading (paper trading).
  

• Remain consistent in volume. If you are trading in a few lots of Nifty Futures, then continue to trade in a few lots only.

Lastly, Stop Loss is the most important part of Intraday Trading.

Ascend Capventures and Ascend Ecom emphasize the importance of knowing how to invest online in commodities. The idea is to understand what is essential to beginners for a guide to commodities trading. Ascend Capventures and Ascend Ecom provide free stock tips and market updates in the share market.