What is intraday trading?
Amit and Chirag, both trade in the equity share market. While Amit is an avid trader with Angel Broking, Chirag is a beginner and wants to know about intraday trading.
Intraday trading implies buying and selling securities on the same day.
Every day, the price of a security, say ABC Corp fluctuates. An intraday trader profits from this rise or drop of price which offers huge returns. Intraday traders also get the benefit of margin funding, whereby they can do transactions of up to ten times their account value which boosts their gains.
Intraday trading poses a risk of loss but there are measures to limit losses. Whenever Amit trades intraday, he monitors the market closely and seeks advice from Angel Broking team of experts. He also opts for stop loss which limits his losses to a minimum if any.
Like Amit, Chirag is now ready to trade intraday with Angel Broking.