Well, 90% people who are looking for lower brokerages here are obviously intraday traders. After making losses in intraday trading over last 5-6 years, and after switching brokers atleast 7-8 times and every time reducing brokerage with broker I realized something. You know what? I was still in loss.
Damn it. forget the broker. Settle with any standard broker. Ask yourself one question. Can you really make money in intraday trading? Do you have a strategy that makes money for you? Do you have that discipline? Have you been making money since last 2-3 months?
If the answer is yes, then paying 5 paisa instead of 2 paisa is not going to matter to you.
If the answer is no, then trade in small quantities , swtich strategies until you make profit consistently for atleast one to two months.
Know yourself.Stop looking for lower brokerage. Learn money management, learn how to make profits and reduce losses. It is not easy and not that tough as well.
Damn it. forget the broker. Settle with any standard broker. Ask yourself one question. Can you really make money in intraday trading? Do you have a strategy that makes money for you? Do you have that discipline? Have you been making money since last 2-3 months?
If the answer is yes, then paying 5 paisa instead of 2 paisa is not going to matter to you.
If the answer is no, then trade in small quantities , swtich strategies until you make profit consistently for atleast one to two months.
Know yourself.Stop looking for lower brokerage. Learn money management, learn how to make profits and reduce losses. It is not easy and not that tough as well.