For any beginner, it is very important to be aware of the various market tools and techniques for beginning their trade. A beginner must be aware of the basic available tools for efficient trading, at least during his or her first days. There are various techniques and tricks that the experts efficiently use for maximum profitability in their transactions. Mr Bharat Jhunjhunwala , As a technical analysis expert always guide beginners about current trading strategy and tools that will help traders to invest time and money in market. At present Technical analysis is becoming more and more popular among traders due to their efficiency and ease of use by the mass. The acceptability is increasing as they work about 60 to 70% of the time. They are primarily based on several mathematical calculations and fundamental events, that makes error percentage negligible. These include a wide number of indicators, candlestick formations,and chart patterns such as: Support and Re
A trader undergoes a lot of emotions and mental turmoil while trading. All these emotions and mental state that help a trader to dictate his or her success or failure in trading securities are broadly known as Trading Psychology. Like any other attributes, trading psychology is an important aspect of a trader. A trader may be very sound and well equipped in terms of knowledge, indicators, investment, experience, skill etc, but the lack of a proper and maintained trade psychology can ruin his rate of success in the trading world. Trading comes with a lot of ups and downs. One often needs to dart in and out of stocks on short notice. This requires quick decision making skill and presence of min along with good understanding of the market. The two principle psychological traits one needs to practice throughout his or her trading life are Discipline and Risk-taking A trader’s implementation of these aspects is critical to the success of his or her trading plan. I