I read a lot about day trading and i found out that all the transcations are settled for a day.then will we get the amount be credited/debited in our account by evening or will it take the regular transcation time of T+2 days to credit/debit in our account?
You should get the money in your account the same day you sell the stock, so long as the market hasn't closed for the day…
With that being said I'd think long and hard about day trading… most folks who do it end up losing their money over time. The problem with day trading is that you get charged so many transaction fee's by the broker, and you won't have the kind of insider information to know when a merger is going to take place or when less than expected earnings are about to be announced that will affect the stock price up or down. Your are just as well to go to vegas and lay the money on black or red on the roulette wheel… at least then the house only takes 1% of all bets- the brokers take a lot more than that in fees.
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