Hi All,
Wishes to you all and traderji is doing a wonderful job in keeping up this site. I ve started trading approx 6 months back on ICICI direct and its painfully slow and its even more painful when i see the statement every month. I do short term trading holding for period till it increases to 4 to 5% and then selling it.. the complete expenses for a trading cycle is
BUYING 1.37% aprox ( incl brockerage of 0.75% +st etc...)
SELLING1.37% approx ( incl brockerage of 0.75% +st etc...)
so nearly 2.8% goes off with this and then on a real squeeze i get in reality around 1% is my stratergy wrong or any other broker gives a best deal for these kinds of trade.
and NRI's are not allowed to do intraday. there are a lot of other pros but i m not really into IPO and other stuff.. i simply want to speculate with say 5 lacs and get a decent return at the end. 75% of the trade is in NRO deposits since i dont like to settle anywhere other than INDIA so i always transfer it in my NRO account.
Experts plz help me to find a broker
Wishes to you all and traderji is doing a wonderful job in keeping up this site. I ve started trading approx 6 months back on ICICI direct and its painfully slow and its even more painful when i see the statement every month. I do short term trading holding for period till it increases to 4 to 5% and then selling it.. the complete expenses for a trading cycle is
BUYING 1.37% aprox ( incl brockerage of 0.75% +st etc...)
SELLING1.37% approx ( incl brockerage of 0.75% +st etc...)
so nearly 2.8% goes off with this and then on a real squeeze i get in reality around 1% is my stratergy wrong or any other broker gives a best deal for these kinds of trade.
and NRI's are not allowed to do intraday. there are a lot of other pros but i m not really into IPO and other stuff.. i simply want to speculate with say 5 lacs and get a decent return at the end. 75% of the trade is in NRO deposits since i dont like to settle anywhere other than INDIA so i always transfer it in my NRO account.
Experts plz help me to find a broker