First learn and then earn”
"Share market trading and investing requires appropriate knowledge, so it is advisable to gain adequate knowledge before start trading and investing."
Traders Diary
To become a successful trader one requires three things.
1. Trading Strategy
2. Trading Tools
3. Trading Discipline
1. Trading Strategy : A trading strategy is governed by a set of rules that do not deviate. Emotional bias is eliminated because the systems operate within the parameters known by the trader. The parameters can be trusted based on historical analysis (backtesting) and real world market studies (forward testing), so that the trader can have confidence in the strategy and its operating characteristics.Although backtesting is no guarantee of future performance, it gives the trader confidence that the strategy has worked in the past
There are mainly four type of Trading Strategies:-
(a) Scalping
(b) Day Trading
(c) Swing Trading
(d) Positional Trading
Refer SAR FAQ : Trading Strategies
2. Trading Tools : Your trading terminal, your charting software, your internet connection, most important your brokerage plan.
Recommendation : Down load Chart Nexus for EOD research
http://draft.blogger.com/www.chartnexus.com
or check EOD chart form icharts Web site
http://www.icharts.com/
"Share market trading and investing requires appropriate knowledge, so it is advisable to gain adequate knowledge before start trading and investing."
Traders Diary
To become a successful trader one requires three things.
1. Trading Strategy
2. Trading Tools
3. Trading Discipline
1. Trading Strategy : A trading strategy is governed by a set of rules that do not deviate. Emotional bias is eliminated because the systems operate within the parameters known by the trader. The parameters can be trusted based on historical analysis (backtesting) and real world market studies (forward testing), so that the trader can have confidence in the strategy and its operating characteristics.Although backtesting is no guarantee of future performance, it gives the trader confidence that the strategy has worked in the past
There are mainly four type of Trading Strategies:-
(a) Scalping
(b) Day Trading
(c) Swing Trading
(d) Positional Trading
Refer SAR FAQ : Trading Strategies
2. Trading Tools : Your trading terminal, your charting software, your internet connection, most important your brokerage plan.
Recommendation : Down load Chart Nexus for EOD research
http://draft.blogger.com/www.chartnexus.com
or check EOD chart form icharts Web site
http://www.icharts.com/
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