Stock Exchange gives platform to the buyers and sellers. Exchange is controlled by SEBI. Stock Market trading can be either a business or a gamble. That depends on three aspects of a trader. 1. Knowledge [Risk vs Return],2.Discipline[Rational decisions], 3.Consistency [Regular monitoring of the market].There are two trade types.Intraday and Positional . There are 4 positions in trading. Long and Long Unwinding, Short and Short Covering. Also there are many Order Types, Buy, Sell, Market order, Limit Order and Stop Loss order. Validity of an order is limited to the market closing time,i.e,3.30P.M. A trader should have many strategies called Trade Plans to survive and succeed in the market.