Is it good to start Trading as a Student in India?

Today am back with a blog post for all students, who are interested in Stock market investments and Trading. Why you need to wait to get a job or to grow big to get started to investing in Stock Market? You Don't need to wait till you grown up, instead you can start from college studies. The main Benefit of starting early is that, you can get a strong portfolio when you come in to your 30 years age and you can attain Financial freedom at Early stage itself. So let's look in deep "How to start trading and investing in stock market as a student". You can also Join My Telegram channel to get Free tips and tricks if interested.

start Trading As a Student In India 2024
Start Trading As a Student In India

Have Free Demat Trading Account with Free AMC

This is the First Step you have to do. As Student while choosing try he Demat Trading Account in India, you should choose the best platform which you can sign up for free and no annual Maintenance charges. Also with the best brokerage prices. So here am going to list some of the best Top Trading platform for Students in India. Create one or more trading account from the list given Below for Free.

Free Trading account for students
Free Trading account for students 

Create account in Both Upstox and Zerodha for free to get additional features for new traders. You can get access to Zerodha Varsity For Upstox account you will get free Access to Sensibull, which will give free Strategy builder. After creating your account and activate all segments like F&O, Equity, Futures etc and then Move to Next Stage.

For students Which Segment to start With?

For students Which Segment to start With?
Segment to start With

This is very important question everyone will have. Many new Students are entering in to stock market and they really don't know which segment to choose. What i will suggest from my experience, you can start with Mutual funds investment or invest directly in stock for short-term. This is much safer way to start in Stock market. Also after learning the Basics of options and Future trading, you try with small quantities and get some real life experience and emotional control.

Buying Shares for Investment

As i mentioned, Investing in stocks is a good way to start in StockMarket. But the Question is “How to find a good stocks for Investment?” But i have a solution for this, invest in the Major Bluechip Stocks combining the support and Resistance level which you will learn from Basic studies of Stock Market. Slowly Learn about the Basic Fundamental Analysis of the stocks to start investing in small and Mid cap stocks to get higher Returns.

Intraday Trading in Stocks

Intraday trading in stocks, where you can Buy and sell shares on the same day and gain Daily profits. This will be little more Risky way, But will earn more profits daily. For this purpose you can make use of the chart patterns and other technical Analysis which you will learn from the basic studies of stock market.

Intraday Trading in Options and Futures

This is Much Riskier Way as a student Trader. But rewards are huge comparing with the other methods. You can do trading in Stock option and Index options. Stock option required much more minimum capital but the index option required smaller capital, for example Nifty, Bank Nifty etc. we have Monthly and weekly expiry for this. You can join our Telegram for live trades.

Basics to advanced Studies in stock Market

As a student trader or investor, you need to know the Basics of stock market. You can start with candle sticks, different patters, support, Resistance etc. If you know the Basics, then you can easily develop Your skills. After that as mentioned you need to try on buying some stocks based on your studies. And see the Results. Then slowly advance to Basics of options and Futures. After that focus on paper trading on Options and analyze the results for a month. If you pass in that then start with smaller quantities and see the results. Always Learn from your Mistakes.

Also Read our previous post about "Safest way to start Forex Trading In India for Beginners "

How to Save or Earn Money as a Student

Your Major Goal is to study and clear your exams. But for Mutual fund investment or trading needs some Money. So how you can Earn or save them? Definitely first source of income from your Pocket Money. As a college student, you will be getting pocket money and you can easily save minimum 1000 rupees per month for investment.

Earn Money as a Student
Earn Money as a Student

 But that's not enough, Need more money for to start Trading. In that case, the easiest way to earn from home is to develop a blog or may start a YouTube or take some Weekend Jobs if possible. You will definitely find some initial capital out of it.

Control your Emotions and Never Overtrade

Emotional control is the one of the best thing you need to strictly follow. Before enter in to each trade, fix your loss on that trade and keep the stoploss for that particular trade. Accept that fixed loss on this trade and move on. Stick to the plan. And Finally see the result for a period and make changes. Do not over excited on profits or over depressed on loss. Learn from the mistakes and fine tune your strategy.

Always keep a report on your trades to track the profits and loss. Keep your position size according to your capacity. Following in this rule you can control your Emotions and gradually becomes a profitable trader.

Conclusion

So, we have seen the main points to remember as student trader and become a responsible investor to attain Financial freedom. As i mentioned in this blog post stick to the plan and do not deviate. Never miss a chance to learn something new. All the best to become a successful trader from your college itself.

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