Have you seen or heard about people who buy and sell shares in a single day? Such daily trade is termed “Intraday Trading in Equity”. The most common form of trade everyone knows is the usual buying and selling of goods which will be sold over a period of time. However, Intraday has a different face which basically involves the purchase and the sale of stock in just one trading day and it is popularly used in India. Unlike the regular trades, the purchasers in Intraday do not buy stock with the intent to invest, but strictly for profits by harnessing the movement of the stock indices.
One feature of Intraday trading is the daily fluctuations in the prices of the stocks for purposes of profits. To begin this kind of trade, an online account must be first created since most transactions are carried out online. Presently in the Share market, many companies are providing stock investment tips but the fact remains that most of such companies are not real and are capable of misleading you. Therefore, if you fall into the hands of these fraudsters, you might end up wasting your money or losing your capital to fake tip providers.
The great news is that there are certain tips and guidelines you can use to find out genuine tip providers for Intraday trading. First, you must look for vital information about the company posing as a tip provider. This can be achieved by finding out the date the provider was registered, the day it commenced business and the reviews of the consultants as well as partners who work for the company. You should try to find out whether the consultant who shares the tips is experienced at his work or even educated in the first place. Also, you must ensure that the technical analysis used by the supposed consultant is right to create opportunities for you to earn.
Another thing you must ensure is that the provider is registered with the Securities and Exchange Board, India (SEBI). It is only the investment advisors who are registered with SEBI that are fit to do adequate technical research to enable them share tips. These SEBI registered investors are not only educated but also possess all the necessary knowledge required to advise clients on this sort of investment. Importantly, you must check their past performance reports online because every genuine company loves to show a great deal of transparency through that. Again, you should try to avoid those tip providers who charge differently for their different packages. For instance, where a provider claims that there is a premium package which is more expensive than the others, you must avoid such a company because all packages are usually charged equally.
Try to ensure that you observe these guidelines carefully to avoid getting into the wrong hands. As you already know, there are lots of fraudsters out there seeking gullible people to defraud. There is definitely a good number of genuine tip providers for Intraday equity but you must always choose carefully.