Zerodha's 60-Day Trading Challenge: A Comprehensive Guide
Zerodha, a renowned Indian discount brokerage firm, has introduced an exciting initiative called the Zerodha 60 Day Challenge. This program is designed to support new traders in their journey to mastering the stock market by providing them with the necessary resources and tools to enhance their trading skills and strategies over a 60-day period.
Duration and Objectives
The challenge lasts for a period of 60 days, during which participants are encouraged to start trading with a small capital. The primary objective is to develop traders' skills and strategies, emphasizing the importance of education, continuous learning, and a disciplined approach to trading.
Learning Resources
Zerodha provides a variety of educational resources to support participants. These include webinars, articles, and tutorials on trading strategies, risk management, and market analysis. By leveraging these resources, traders can gain valuable insights and enhance their knowledge, preparing them for success in the stock market.
Community Support and Progress Tracking
One of the unique features of the challenge is the emphasis on community support. Participants can join social media groups or forums where they can share their experiences, insights, and learn from other traders. Additionally, traders are encouraged to track their trades and performance. This enables them to learn from both successes and mistakes, thereby improving their overall trading skills.
Incentives and Rewards
The challenge is designed not only to educate and motivate but also to reward participants. For traders who generate the highest profits over the 60-day period, there are significant cash prizes on offer. Equity traders have the chance to win Rs. 1 lakh, while commodity traders can win up to Rs. 50,000. Winners also get the opportunity to have a conversation with the founder of Zerodha, Nithin Kamath, and receive personalized trading advice.
Eligibility and How to Participate
To participate in the Zerodha 60 Day Challenge, traders must open a new trading account with Zerodha. Participants can begin trading on any day within the month. It is important to note that the challenge is only open to traders who have not generated any profits or losses in their Zerodha trading account in the past.
Zerodha's 60 Day Challenge is a valuable opportunity for new traders to learn, grow, and earn in the stock market. By combining comprehensive resources, community support, and significant rewards, Zerodha is fostering a supportive environment that encourages traders to develop their skills and expertise.