On average, a trader makes 4 trades in a day even in his starting learning phase. In your initial phase, you would also make 4 trades on a daily basis.
You need to make 8 transactions (4 buying & 4 selling) to complete 4 trades,
The minimum brokerage you would need to pay Rs 160 (8*20) if you have an account with discount brokers like Upstox & Zerodha.
The brokerage would go high if you trade through full stock brokers who charge a high percentage brokerage on trade volume.
You will end up paying a minimum monthly brokerage of Rs 3520 (160*22 days).
Most of the traders give up within the very first month of trading because they couldn't make any profits and end up making losses.
Brokerage charge plays a very crucial role to increase the loss.
In 2006, I started trading after getting my first job. By month-end, I ended up making Rs 10,000 loss which was equal to the amount that I paid as a brokerage to my broker.
After the first month's loss, I stopped trading.
But, If I could save the brokerage charges anyhow at least for the first month.
The result could be Rs 10,000 profit and it would give me the confidence to go in the depth of trading at that time.
in reality, It didn't happen for me.
But you are the lucky one.
You can start your trading journey while testing different strategies without paying any brokerage charge for 1 month.
For the first time, Upstox is offering zero brokerage for 30 days without any maximum limit on the new account opening.
The offer is valid till 15th July.
The account opening charges of Rs 450 will also be waived off.
Here is the special link to open Free Upstox account with Zero Brokerage
You will also get a free MoneyControl pro yearly subscription for worth Rs 1999.
A total saving of 5969 (3520+450+1999)
You can even save more if you do more trades every day.
I would suggest you to trade with 10 or 20 shares in a single trade to test your strategies in the starting.
As you wouldn't need to pay any brokerage charges, so you can do multiple trades with different strategies.
By the end of a month, you will definitely move to the next level.
Click here to open the free trading account with Upstox
Thanks,
Pardeep Goyal
