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Technical Analysis of Stock Market for Beginners von Guru, Stock Market (eBook)

  • Erscheinungsdatum: 17.06.2015
  • Verlag: Gala Publication
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Technical Analysis of Stock Market for Beginners

Technical Analysis Of Stock Market For Beginners : This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today's financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior. This book contains the following topics that will guide you through the path of Technical Analysis Of Stock Market. Table of Contents Chapter 1- A Good Trader Chapter 2- Traders vs. Investors Chapter 3- Types of Traders - Market Participants. - Retail Investors: - HNIs: - Institutional Investors: - Arbitrageurs: - Speculators: - Jobbers: Traders Type (Time basis). - Scalpers - Day Traders - Swing Traders - Position Traders - Chapter 4- Trading Styles Trend Trading. - What is a Trend? - What are types of Trends? Advantages of Trend Trading: - Swing Trading - What is Swing Trading? - How does Swing Trading work? - What are the advantages of Swing Trading? Chapter 5- The How, When and What of a Trade What Kind of a Trader Are You? - The Novice - The Student - The Sceptic - The Oracle - The Trader How to Trade Like a Master Trading Only High Probability Opportunities Never Over-Trade. Find a Shoe That Fits Your Size. Timing the Markets.


    Format: ePUB
    Kopierschutz: none
    Seitenzahl: 56
    Erscheinungsdatum: 17.06.2015
    Sprache: Englisch
    ISBN: 9783958492196
    Verlag: Gala Publication
    Größe: 721 kBytes
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Technical Analysis of Stock Market for Beginners

Chapter 1

A Good Trader

"This chapter is about what are the most important qualities that a trader should possess. We don't believe that you have to be very intelligent to become a successful trader; but, there are certain qualities & techniques which one must want to learn before entering into this vast world of trading.".

When you thought first time you want to become a trader, what was the first question that came to your mind? It may be anyone of the following. What personality" traits should I have to become a successful trader? What kind of attitude I should have towards the markets? Is it necessary to have good knowledge about fundamental and technical analysis before entering the markets? Who can become a successful trader? What kind of strategies I should adopt to make money?

The first thing you need to do is to inculcate the some of the qualities in yourself. We believe, anyone can become a good trader but following are the important personality traits that a trader should have.

The first thing that a trader should have is the big word "Passion". Passion is something that reflects in your personality, in your communication, in your attitude and behavior. If you are passionate about something you start enjoying it and it doesn't remain your job or profession anymore but it becomes part of your lifestyle.

There are people who sit in front of the market since the opening of the market till its closing on daily basis. Many times they don't do even a single trade in the whole day. But if they don't sit in front of the market for few hours or a day, they feel that there is something missing in the routine. That's the passion about the market.

If you are watching the markets on a consistent basis, you become a better decision maker. You are a better judge of the market even better than the experts. It's always exciting to deal with the numbers. "If reading and understanding numbers is your passion, you can become a good trader.".

It is not necessary that you are exceptionally intelligent to become a successful trader; or you should have a very sound knowledge of mathematics or statistics. Any average person with a little bit knowledge about the stock market can become a successful trader. Trading is a competition; anyone who follows discipline and keeps a continuous watch on the market emerges as a winner.

There are many of successful investors in the world and instead of saying anything else I would rather say that they all are exceptionally intelligent. All the investment decisions are made after making a lot of research. Investors satisfy themselves with the growth of the company and sustainability of that growth in the coming years. They don't make any investment unless they feel everything in the company is going in the right way including business model, market share, customers and expansion plans etc. If your one decision goes wrong it may eat out substantial part of your investments. You don't get a chance to review your decisions and again you will have to start the process of research and churning your investments. In history, few examples are there which proved investment research can't tell you the exact position of a company. Satyam Computers and Lehmen Brothers' were big shocks for the investors which forced them to go back and review all their investments.

But as a trader these can be considered as best of the opportunities to make money. Remember one thing if you feel you are stuck in a wrong position you need to hit your out (stop loss) immediately. Investors can make money only on one side of the market/stock whereas, a trader can make money on both sides of the market; they just need volatility on either side.

Always the next big thing is 'Confidence' to be successful. You should have confidence

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