He realized he needed to start developing better criteria if he wanted to become a more consistent trader. Ashu Sehrawat decided to focus on stocks where the underlying company was poorly operated, continuing to add debt, and releasing "fluff" news. This criteria began to shape Ashu's overall trading strategy at the perfect time. There were a lot of crazy runners and Ashu Sehrawat had a set of criteria that helped him short sell these stocks for the right reasons at the right times.

His selectiveness eventually put him to more compatible trading results. Ashu learned that patience and selectiveness were key to maximizing profits as a short-biased trader. Now, Ashu Sehrawat launched the Trading Fever Blog to help new and armature trader investor with his tips and experience.

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Updated Aug 27, , pm IST. Ashu Sehrawat is a successful day trader and swing trader. Photo- Social Media. Ashu Sehrawat 's Day Trading Success Story Ashu Sehrawat initially became interested in the stock market 4 years ago at the age of Tags: ashu sehrawat , investor , trader , tradingfever. Latest From In Focus. MOST POPULAR Four movies and 14 OTT releases lined up for this week.

Earth now weighs six ronnagrams: New metric prefixes voted in. KCR targets Etala return to ward off BJP in Telangana. Over 1 billion youngsters at hearing loss risk due to headphones, loud music. But this is the way how he understood the importance of a step-by-step approach. Knowing the basics means having more chances to develop expertise. The thing one should bear in mind is that patience, hard work, and discipline really pay off. This professional started his forex trading path at the age of Singh has been working hard on developing and improving his expertise in price action strategies and risk management techniques through the years to finally get to the desired top — he is proud to be a founder of the stock market training institute.

Now hundreds of thousands of novice traders can get insightful recommendations on the profitable ways of investing. Talking about the recommendations, Singh highlights the importance of working smarter and harder.

Those who want to make stock trading a source of income should focus on in-depth research and analysis when it comes to the decision of buying and selling shares. And one more success story that brings a focus on the importance of experience.

Atul is a stock and forex market specialist ready to share his expert tips with anyone who is ready to work hard.

He succeeded in attracting thousands of Indian investors and traders to join his YouTube channel. The area of expertise is the following: forex trading and investment management. These are the traits you should concentrate on if your intentions to trade forex in India are serious.

This is when you need to hold your horses and think rationally. When it comes to trading, all your decisions should be based on the proven facts. There is no rush.

Read more: The Importance of Discipline and Patience in Forex Trading. Remember that your risk has to be justified and affordable. Your money is a tool. Read more: Can you Make a Living Trading Forex. By having a trading account on JustMarkets, you benefit from advantageous conditions, including high leverage, low spreads from 0. And if you have any questions, there is a helpful support team working round the clock to ensure you have the most convenient trading experience. Try your hand at currency trading by opening a demo account on JustMarkets.

A practice account will help you learn trading basics and develop a strategy before investing money. Start trading today to take care of your future tomorrow. If you know the theoretical part of forex trading, the next step is to choose a reliable broker and open a trading account.

Forex trading can help you become rich if you are ready to devote your time to learning and invest money in trading.

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India is known as one of the fastest developing countries in the world and is often considered a newly industrialized nation. Indians for long have considered online trading a high-risk investment, so many of them chose to stay away from it. They tended to choose saving options like bank deposits and small savings instruments, which offered stable and low-risk gains. But as technology made changes in the country, investing in stock markets has become significantly popular, mostly driven by the Indian younger generations.

According to the National Stock Exchange data, there has been a recent leap in retail investor interest in equity, with nearly The number is expected to remain robust over the next few years. See Also: Top Forex Brokers in India. Even so, it's worth noting that the current Indian stock market is not only filled with beginners. Many successful Indian traders have made millions from their trades and are not hesitant to tell their experience.

As a trader, it's always helpful to learn from the journey of others; see what principles they use, what mistakes they made, and how they overcome them. In this article, we're going to reveal the stories of the top 7 successful traders in India. Have you ever thought that someone who finishes work at 10 a.

m can earn billions? Meet Kirubakaran Rajendran from Chennai, who invented Trading Bots — an automated program that trades using a set of trading rules — to do his trading. He is known to have a dreamy lifestyle where he spends most of his time reading books, watching TV series, and going to the gym. He goes out to meet his friends on Fridays and occasionally takes about road trips with family and friends in a year.

However, people may not know that such a lifestyle is actually the result of years worth of back-breaking work and expensive lessons learned. Kirubakaran actually comes from a middle-class family in Chennai. His father, a government office clerk, and his mother, a tailor, had a tough time providing basic education for him. Once graduated, he joined Loyola College for a course in Statistics. After reading about the market a bit, he decided to enter the market in and ended up losing his money in less than a month due to the lower circuit in the market.

He then tried entering the market again when he was accepted as an Infosys employee with a monthly salary of Rs.

Since he was tasked with a routine job, Kirubakaran decided to save time by automating the work so he could spend more time reading and researching markets.

He started to gain some money from trading, especially after he decided to move from news-based to rule-based one. Combining these factors, he became one of the five most successful traders in India. To be successful, he suggests not only considering the potential profit from a strategy but also the potential loss.

In other words, it's better to pick strategies with lower risks. See Also: Stop Loss Strategy for Day Traders. In contrast to Kirubakaran, Naresh Kambisan is more of an old-school trader because he prefers to use manual effort rather than automatic trading. Naresh is a dedicated trader who loves charts, which he could stare at for hours without getting bored.

He started his trading journey when he was still working in the Gulf. He worked there for six years before finally returning to India, only to find that getting a job in the country was far from easy.

During this period, he contacted some of his friends, and one of them was a technical analyst. Since then, he got intrigued and started to learn more about technical analysis. Naresh stated in one of his interviews that he was having a hard time emotionally during this period because he lost quite a lot of money, especially since the capital was funded by his wife's salary.

But he managed to accept the failure and learn from it. There are two main types of strategy that he uses, namely short-term trades and investments. He does not leverage much and normally only has three positions open to hold the trade a little longer.

See Also: Long-term Trading the Right Way. Naresh suggests beginners keep the charts and indicators simple. He recommends testing the indicators yourself, seeing how it works, and correcting them before moving on to the next one. But above all, he believes that it's best to use your unique strategies rather than blindly following tips from others.

The next success story comes from a single mother of two daughters, Tasneem Mithaiwala. For someone who graduated from an art school and was uncomfortable with anything to do with numbers, Tasneem did a great job of becoming a trader for a living.

Initially, she entered the market because her cousin, who used to trade in the equity market, recommended it to her. She started off with a capital of Rs. Not wanting to experience the same thing twice, she decided to start building financial knowledge by joining a course offered by FinLearn Academy. She began learning about the basics, technical analysis, and market strategy.

She gradually became better and better at trading. Now she's known as one of the most successful female traders in India. She believes that trading requires many skills that women tend to be good at, such as money management, discipline, and mental strength.

See Also: 5 Successful Female Traders Who Make it Big. Abhinand is a great example of share traders who start, fail, learn, and improve with every trade. At the age of 19, he began his trading journey by borrowing money from his father to open a Demat account.

Like most retail traders at that time, he started off with frontline stocks such as Reliance Industries and HDFC.

But without a proper strategy, he often found himself getting many losses. However, he didn't give up easily and kept going until he succeeded. Looking back at his failures, Abhinand decided to move from trading stocks to options. During his comeback, he began learning about technical analysis and built his strategy from it.

To sustain his trading activities, he had borrowed money from his family and others. He carried the debt for a few years before he was finally able to pay them back.

After making a number of winning streaks, he became more confident with his trading skill, but he admitted that he still makes mistakes here and there. In the end, he believes that the most important thing in trading is to discover yourself.

The best way to achieve it is to have a proper strategy , a good risk management system, and prepare yourself psychologically. Rakesh Jhunjhunwala, often known as "The Big Bull", is one of India's most successful stock traders.

Once he completed his degree as a Chartered Accountant, Rakesh entered the market with only Rs. Today his net worth is about Rs.

These days, he manages his privately owned asset management firm "RARE Enterprises". Looking at his journey, he essentially has an excellent Risk and Reward ability.

Other than that, his imagination and wisdom also stood out in his trading performances. Seeing the rapid growth of the Indian stock market and economy in general, he believes that investing in the market is a smart idea. See Also: If Trading Success is a Journey, Where Do We Start? Radhakishan Damani, or "Mr. White and White", is the owner of D-Mart and probably the richest stock trader in India.

He's also the mentor of Rakesh Jhunjhunwala. RK Damani has always been known for his low profile, so he rarely appears on television and press conferences. RK Damani offers a rather inspiring story of success. He started his trading journey in ball-bearing with no intention of entering the stock market.

But when he was 32, after his father's death, he was forced to close down his business and had to join his sibling in the family stockbroking business, which was inherited from their father. At first, he had no idea how stock trading works, so he made many mistakes and lost money in the process. However, he soon understood that in order to be successful, he had to improve his skill and learn from those mistakes.

Gradually, he began making better predictions and managed to become one of the greatest investors in the market within a couple of years. His principle is actually rather simple.

He believes that investing in the right company will bring good fortune in the future, so make sure to pick the right company with promising prospects. Ramesh Damani is an investment guru who is also one of the most successful stock traders in the market. He started trading in when Sensex was points. He was a member of the Bombay Stock Exchange BSE back in and initially thought that he was going to pursue his career as a stockbroker, but then decided to become a stock trader after winning some trades.

The first famous investment that Ramesh made was the "Infosys". Coming from a tech background in the US, he understood well that the investment would be huge. So when Infosys became public in , he immediately invested Rs. Six years later, the investment has given him returns of more than times. Inspiring as he is, Ramesh believes that everyone should make a clear exit strategy before investing in an unpredictable market.

He strongly believes that if you have researched the stock carefully, studied and arranged a good trading strategy, then there's a high chance that you will make good fortunes in the market. See Also: Smart Tips on Maximizing eToro's Diverse Markets. Emerging markets like India hold a promise of massive future growth.

Though the craze has just started recently, the chance to be successful has always been present. Looking at the success stories above, we can see that there's an excellent opportunity for Indian traders, especially the younger generation, to step in and try trading in the market. We've learned from these success stories that nothing comes easy, so make sure to prepare yourself before trading by studying the basics, sharpening your skill with practice, and maintaining discipline.

Apart from that, choosing the right broker can be detrimental so one needs to pick it carefully.

Pravin is well known for teaching concepts in the most understandable way, therefore catering to novices as well. Naresh is a dedicated trader who loves charts, which he could stare at for hours without getting bored. Talking about the recommendations, Singh highlights the importance of working smarter and harder. You cannot quote because this article is private. He predicted that the Bank of England would be rendered vulnerable back when Britain was part of the Exchange Rate Mechanism, and that they will have no other choice but to let the Pound devalue. HF Markets Seychelles , incorporated under the laws of the Republic of Seychelles with registration number , regulated by the Seychelles Financial Services Authority FSA under Securities Dealer Licence number SD Alexander Elder.

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