Online trading refers to buying and selling company shares listed on a stock exchange to book a profit. This trading of shares can also be done over the internet, using online trading platforms. Through these online platforms, one can buy or sell shares, stocks, bonds, equities, mutual funds and other securities without being present at the stock exchange. New investors are recommended to research a good beginners guide for online trading or similar literature on the internet before commencing their investment journey.

Intraday trading is a high-pressure activity where time is of the essence, and you need all the help you can get. Technical tools offer a variety of benefits and help traders make informed decisions. There are several useful intraday trading indicators used by traders to understand market trends and movements, the momentum and degree of volatility, the and the potential to profit from them. It is difficult to pinpoint any one as the best intraday indicator. However, here are some of the most popular ones:

Daily Moving Averages (DMA)
Momentum Oscillators
Relative Strength Index (RSI)
Bollinger Bands
To be a successful intraday trader, you should read up on these tools and learn to use them effectively.

Intraday trading requires business acumen, knowledge of the stock market and economic factors, ability to use technical and fundamental analytical tools, patience, and a high-risk tolerance. If you have or can develop these skills, then you can participate in intraday trading. Beginners are advised to refrain from intraday trading participation right away. They should first practice on demo portals, learn how to use the tools, and start with a small capital pool before gradually increasing the funds.

It will be difficult to quantify the maximum profit in intraday trading that you can make before you start trading. While day trading profits can be quite lucrative, the losses can get amplified as well, if the market doesn’t move as per your expectations. Many people make thousands of rupees as intraday profits, some are reported to make lakhs even. You, too, can make profits in intraday trading if you make large volume calls, (the higher the margin, the more profits you can earn), have a high-risk appetite, and have the necessary experience and expertise in using the tools for technical analysis of stocks.

Before starting day trading, you must clearly define your strategy, thoroughly research the stocks you wish to trade in, and regularly monitor their movements. Risk management plays a critical role here. Using features such as Stop Loss orders, you can reduce your losses to avoid them from cutting away into your overall day trading profit.

Intraday trading, while being quite lucrative, can also be a risky proposition for those who are either not experienced enough or prepared enough. Here are some guidelines and rules for intraday trading that will help you to maximise your gains while minimising your losses and risk exposure.

One of the key day trading rules is to identify two or three large-cap stocks that are highly liquid and show signs of volatility. Liquid and predictably volatile stocks will help you benefit from price movements, and it is easy to sell such shares off in the market.
Conduct a thorough search plus technical and fundamental analysis of each security before trading them. Understanding charts and other stock indicators is an essential skill for a day trader.
Always set your entry and exit price points beforehand. This also includes deciding your risk-to-reward ratio before placing the order. As far as possible, stick to the pre-decided strategy throughout the duration of the trade.
Another important intraday rule is to manage your risks by using Stop Loss (SL) for each order you place to reduce your loss exposure.
Timing the market and diversification are useful as well. Usually, when the market opens and closes, the volatility is at its highest. If you are just starting out, mid-day might be a more stable time for you to trade. Furthermore, diversify across sectors and segments. Finally, start small and gradually increase your exposure after gaining more experience and confidence.