hello bhanu,
things u should consider before entering into this arena.
1) Risk the only Capital u Afford to loose.
2) know the money management rules.
3) Find a trading system thats fits ur mentality.
Trading involves greed,fear,Stress, and so many emotional things, so psychologically prepare for that.
initially risk 10% of ur total intended capital to check whether ur coping with the psychological factors if u loose that 10% capital, debrief ur mistakes and go forward with 10% of remaining intended capital.... repeat this process until u got some edge in trading .....
trading is not quick rich scheme..... in my opinion a new trader gets comfortable with trading around 2-4 years of serious studying of market behavior.
if u afford this time for learning and honing ur skills then u will automatically understand wat to do and wat not , then u won't require anybody's suggestions/tips and u won't give trading tips to anybody,bcoz ur then self-reliance.
........out of hundred day traders only 2-10 traders survive in the market.so keep it in mind do hard work initially.
for studying markets it doesn't matter u use ,fundamental analysis,technical analysis ,or news based analysis wats important is "u", and ur reactions towards market and money management rules.
........i hope u got some clarity
regards
jahan.