Gaminig
Although a currency pair may range for a number of days what you are really looking for is the point at which you can capture a breakout.
The bulk of my client's use a Forex hedging tactic as part of a long term investment strategy.
Good luck in your ventures.
1.In day trading all the shares which you sold today should buy on the same day.
2.In delivery trading you can buy share today and you can sell it tomorrow (or any other day which you want). If so if am selling shares today then how it is classified as delivery trading or day trading (intratrade)? Or how I can prove that I am not doing Day trading?
3.Suppose I am selling 10 RPL share today which I bought 10days back, then how it is determined that it is not under the category of day trading. (otherwise I have to buy it back according to day trading rules)
4.Suppose I have 10 RPL share, one share cost Rs. 400. I want to place an order of selling today for Rs.1000. Is it possible? Or who has to decide the selling price (Minimum/Maximum)?
5.Is there any restriction that one cannot sell all the shares of particular company on same day? (Suppose I have 100 RPL share. I want to sell all these today. Is it possible? Of course if there are people to buy it only?)
6.What is pari-passu?
7.I have a Demat Account in ICCI. Can I use the same account to do trading in Sharekhan?
8.Today (11/02/08), the RPOWERL has been listed for Rs.530/. What is the basis of listing the same?
Hope some people will help me to find out these things.
Since you asked this in the U.S.A. forum: To day trade an account MUST have AT LEAST $25,000 U.S. in cash on-hand every trading day. This does not include any positions or any unsettled transactions.
The time it takes to settle stock trades is 3 business days.
As soon as the balance goes below $25,000, the trader must fund the account with more money OR a whole new set of trading rules applies. This varies from broker to broker, but the $25K is a hard. fast rule.
Your Q2: In the U.S. this is referred to as "swing" trading.
Broker electronically track every trade by every trader. When the trade is placed, you confirm the trade AND you have the iopportunity to print every trade placed, confirmed and completed. Yuor account also reflects the balances.
Your Q3. Day trading is in and out [entering and exiting] the same shares in the same company on the same trading day – regardless of the price.
Your Q4. You decide your own buying and selling prices through various kinds of orders.
Your Q5. Refer to my remarks.
Your Qs 6 & 7: I DON'T believe they apply to the U.S. exchanges.
You can usually find excellent, easy-to-understand definitions of many financial and investment terms by going to this free site, recognized by Y! A as a "Featured Knowledge Partner":
http://investopedia.com
Investopedia also has a free, paper trading platform. You can set up a virtual account and almost trade as though you were trading with your own hard-earned money.
http://finance.yahoo.com is also recognized by Y! A as a "Featured Knowledge Partner"
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name!
The first poster that said to trade currency futures is insane. Futures contracts possess the potential for unlimited losses. Like the one poster said, you can lose 100% in fx, but you can loss 200% in futures. I've seen several instances of futures traders losing their entire account and then having to cough up more money to cover the losses above what was in their account. If you have a $10,000 futures account, you could realistically lose $50,000 on a trade that goes horribly wrong and you'd have to come up with an additional $40,000 to cover the loss above the $10,000 in your account. In fx, you can only lose your entire account.
I am an fx trader and I love it, but I don't think it's for everyone. It bothers me when a person knocks a specific investment vehicle because they don't like it or it doesn't fit their investment style. I don't like medicine. The hours are long, the field is tough, but I wouldn't go knocking being a doctor. Because it's not what interests me or what I want to do doesn't mean it's a bad occupation. There are people out there that love medicine and are geniuses in the field. It's good for them, but it's not good for everyone.
The same thing with investments, I love the high risk markets, but only a small percentage of the population are suited for them. Doesn't make them bad.
I really wish people would stop being so judgmental about things they don't like or don't understand. If forex trading is not for them, then they should just say, "Hey, I don't like it, but that's me", instead of making it out to be an evil that EVERYONE should stay away from.