Sorry for n00b question but is there an index like sensex or Nifty that includes the sum total of the entire stock market?

Some useful Psychological Tips for beginner Daytraders part-3

I agree…

Just an example here…

Case 1:
I am a person with a very good business idea, but I don’t have a capital. What would I do…?
I might go to CA, he would make a project report for me, with such documents I go to bank and asks for loan and bank approves with certain conditions.

Case 2:
I am a person with a very good trade plan, but I don’t have a capital. But when I go to CA to make a project report on my trading business, he would laugh at me. Even if I directly approach to Bank for loan, bank will definitely refuse. Why so??

Because Trading is speculative business by nature which has very little success ratio.

Why brokers were giving so much leverage ( loan) to us ??
Not because they were thinking about our goodness, but they wanted to earn more brokerage, interest and increase clients, revenue etc…

Traders with small capital can practice real trading (not paper trading) but If they go for leverage in every trade, they would blow up capital and nothing would be left to even practice.

So it’s just my opinion that in early years trader with small capital should practice their trading, complete education, join a job, lower standard to living to save more. Make a good capital. Show performance of your practice to your elders who can give you money to trade
( or marry with a girl who can help you raise trade capital by doing a job :slightly_smiling_face:)
Once you get decent capital. start trading seriously.

Very few lucky traders can succeed applying leverage with small capital, rest have to take a long road to succeed…

Source by [author_name]