Making money off the stock market is no easy feat. It would help if you had a calculated investment while reading the stock market and ensuring that you have all the metrics checked out for making a sensible investment.
Are you a new-comer in the stock market who is heading directly to the intraday trading?
It has often been seen that the many day traders trade to make instant profits with no knowledge of stocks or stock market whatsoever. People who come to trade intraday with the intent to become rich overnight generally burn their hands definitely.
While some smart people opt for intraday trading tips and professional advisory to make better decisions. However, they are still not smart enough to choose the right app or the web platform that can help them with their intraday trading.
Generally, the intraday tips provided on stock market apps are based on their own trading style and strategy. One who takes the tip from such providers may not have knowledge of the strategy and enter a trade without any view.
Also, there is a huge gap between the trading tips sent by the stock advisor and trade executed by the trader. By the time, a trade is executed, the trader misses the opportunity. These are some of the drawbacks that are repeating from many years.
It is important to consider three things when looking out for the best intraday trading app. These are as follows:
There aren’t many apps that can match the above conditions. But, if you explore around you will definitely find such a stock market app or intraday trading app. These are stock market aggregator apps that connect the investors and traders with the SEBI-registered research analysts.
These are the research analysts compliant from Indian market regulator Securities & Exchange Board of India (SEBI) and authorized to provide buy & sell recommendations.
These analysts are market’s experts and professional stock advisors who hold the immense knowledge of the stock market and perform various technical and fundamental analysis before posting any recommendation to buy to sell an asset.
Further, the level of research performed by these analysts provide the peace of mind and allow you to make the crucial decisions at the right time that may convert to some potential returns.
The good thing about these platforms is, you can compare these recommendations and calls of analysts with one another on the basis of their past performance, reviews, ratings, accuracy levels, and target hits, etc. You can compare their calls and choose the right analyst that can help you in making good returns in intraday trading.
But, do not expect only profits even with the intraday trading tips. The market is volatile and exposed to various factors that could change the direction of the market anytime.
These are my personal views about stock trading apps. Feel free to share your opinions also on any intraday trading app you have tried using.
Never invest in intraday trading through someone else tips. All you have to do is study the market, see if there are portions entries on a lower time frame and then execute your trades. There is nothing better than seeing your trade being profitable based on your analysis and investments.