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Upstox and market live trading - Managing emotions is the key
Posted: Aug 30, 2021
Upstox, saw so many advertisements lately that I became curious to know more about it and felt the need to discuss in depth. Upstox (earlier known as RKSV Securities) is a discount broker, good for traders who look for low brokerages, high margins, and decent trading platforms.
Upstox is best for you if you want to save your money on brokerage. Upstoxcharge fix brokerage of only Rs 20 per trade irrespective of the trading volume. Online trading and mutual funds are becoming very popular these days for investment. In order to invest in mutual funds and perform trading, one needs to have a demat account and a trading account.
Demat account or dematerialized account is an account that facilitates customers to hold shares and securities in the electronic format. It keeps hold of all the investments done by a customer in the form of shares, mutual funds, exchange trading funds or government securities.
Online trading account is an account that is needed to perform all the trading activities with the help of unique trading id provided to each customer having trading account.With Upstox live trading, it is very easy and convenient to try advance trading with low brokerage charges and high margins being key points for trading.
Market Live trading is usually short-term trading, based on real-time charts and quick execution. Market live trading accounts make use of special trading platforms, which support this type of trading activity. Live trading webinars or forums alsorepresent a great learning tool. Most live currency trading decisions stem from technical analysis. Traders can use real-time charts and technical analysis to place long-term trades as well. In this case, however, tracking by-the-second changes in price offers no advantage.
When I am trading real money in the live market, I always want to keep track of the share price. After keying the buy order, I will have the desire to keep checking every other minute whether I have successfully bought the shares. If my buy order is successfully executed, I will have the desire to keep checking whether the share prices have gone up. If the share price goes up, I will feel excited and happy. If the share price goes down, I will feel depressed and sad.
My purpose to discuss about Upstox and market live trading is mainly to highlight that proper management of emotions is the key to success. If I can manage my fear and greed in investment, I will be in a better shape to win at investment.
All you need to do is find an appropriate platform. A correct platform will make your transactions smooth and convenient to use. This is where Bitkiox, world's first live trading platform where investors can watch their investments in cryptocurrencies growing live right before their eyes, comes in.