What are the tools you use for doing intra-day trading in Indian stock market?

Introduction: 

Whether you trade in Indian stocks online traditionallyway at the stock exchange, being able to make quick decisions and act on them fast is of utmost importance.

For that reason, it’s necessary to know what tools you need as an investor/trader and how you can use them efficiently to your advantage to increase your returns in the market without taking too much. Here are five tools you need for intra-day trading in the Indian stock market

Tools you use for doing intra-day trading in the Indian stock market

Existing tools like Zerodha have been quite popular and effective, but they are not free. Today we’ll walk you through some of the best trading tools currently available on several platforms. With any luck, one or more of these might help you take your trading to another level! Let’s dive right into

#1 - Zerodha ZERODHA is India's leading financial service provider for retail stock market investors. They provide award-winning online equity broking services along with advanced research & analytics solutions. The key advantage of using ZERODHA is that it doesn't charge anything above brokerage fees (which itself is very low)

Zerodha - Third Paragraph:

#2 - NSE iFIX: The National Stock Exchange (NSE) iFIX lets you view market data, place trade orders, and see real-time market updates including up-to-date stock prices and volumes on both pre-trade as well as post-trade-screens-in-all-markets except cash segments/options at no extra cost.

1) The smartphone app

While you’re out and about, it’s an easy way to trade on the go. Just buy and sell using your phone, or download apps like Zerodha Mobile that allow you to make trades right from your phone. In fact, trading via mobile is quickly becoming as common as buying or selling shares on a desktop computer—so if you want to keep up with today’s trends, get used to being able to use your mobile device.

Another benefit of investing in a smartphone is that you can try trading g -free by testing out a variety of strategies with Play Money (as of 2015). 

2) The software tool

The most important thing to have is a software tool. As an intraday trader, you don’t need a lot of elaborate data –just enough to help make decisions on a trade-by-trade basis. There are many software options available, but my personal favorite is Signal.

It has an intuitive user interface and is priced relatively low (starting at just ₹2900/year). The software gives you easy access to all necessary information and data at no additional cost (even though they do offer more advanced features as well). Unlike other tools I’ve used in the past, it always works without any hiccups or glitches and I never find myself wishing that something was different or better designed.

3) The charting tool

A charting tool like Big Charts is a must if you want to do intra-day trading because it shows how volatile stocks are over different time scales. The key here is to set your charts up so that they reflect how you trade. For example, if you have an hourly time frame, use an hourly chart.

If you trade based on movements during U.S. morning hours and European afternoon hours, set up a chart where those time frames are highlighted or emphasized on your screen as soon as it loads up after logging into your trading platform. At any given moment of the day, it should show recent price history clearly and concisely without cluttering too much information at once.

4) Paper & pencil

If you want to track your trades without having to rely on an app or a website, your best bet is a pencil and a piece of paper. Once you’ve entered all of your trades into your portfolio tracker of choice, simply write them down on paper. Over time, you can use your physical notes as a way to track how many shares you own at certain price points and compare them against today’s prices. If there are stocks that make up significant portions of your portfolio, then watching those stocks will be much easier when writing them down (instead of looking at multiple apps).

In addition, having your trades written down will give you something concrete to look back on if you ever need proof of how good or bad trade was—which may come in handy if it ever comes time to justify your trading activity. Paper & pencil might not seem like cutting-edge technology, but they’re simple tools that work well with just about any type of investment strategy. The only caveat: Make sure you keep them safe! Investing isn't exactly conducive to creating art projects... so don't go doodling!

5) Timely news and research

Your local paper is a great place to start your research. But don’t limit yourself—you can check out everything from regional and national publications to trade journals, analyst reports, and newsletters. If you’re not sure where to begin, try sites like Google News that offer up links based on your search terms. You can also go straight to companies’ investor relations pages, or IRs:

These are all good sources of financial information, as well as press releases that often announce important company news and other events. And if you're hunting for hot tips or scoops, consider services like Newsle that dig out relevant articles from a wide range of sources. Just be sure to read them with a critical eye; you want material that's helpful but not opinionated. (In short, avoid trashy tabloids.) Also, watch out for fake news!

Even reputable media outlets sometimes get things wrong—but fake news websites have no standards at all. Be especially wary of articles or posts that seem too good to be true; they probably are. It's worth noting that these days it's not just journalists who make mistakes. Software bugs can cause unexpected price swings too! Fortunately, there are tools available (such as CryptoCurrency) that let you quickly check whether an asset has experienced abnormal volatility during a specifiperiodod.

Conclusion

If you’re looking to start a career in trading, you want to make sure that you’re armed with everything you need to succeed. What could help make your job easier? A collection of great tools. Use these tips and resources as a starting point—and then set off on your own path! The market is changing every day, so it’s important to stay on top of new opportunities. Remember:

keep your eyes open for new products and services and don't be afraid to try something new. It's one way to stay ahead of the curve—and get an edge over other traders! 2. Get noticed by employers or recruiters (prospective employers) through paid advertisements (sponsorship): 

You can also use social media advertising platforms like Facebook ads or Google Adwords sponsored posts or tweets which cost anywhere between $0.05-$1 per click depending upon targeting criteria & competition level. There are various platforms available like Flexjobs, Ziprecruiter, JobDiagnosis, etc where you can post free listings or paid job postings respectively if you have budget constraints.