IMPORTANT INDICATORS

2010-08-16T09:31:00.000-07:00

CANDLESTICK PATTERNS/CHARTS

THE CANDLESTICK PATTERN/CHART WAS INTRODUCED TO THIS WORLD BY THE JAPANESE IN 17th CENTURY TO MEASURE THEIR YIELDS OF CROPS LIKE RICE, WHEAT ETC,. THIS IS ONE OF THE MOST ACCURATE INDICATOR WHICH WE USE NOW A DAYS IN THE FOREX TRADING MARKET AS WELL AS IN THE SHARE MARKET.

THERE ARE SEVERAL TYPES OF INDICATORS AVAILABLE BUT THIS IS THE MOST RELIABLE AND PRIME INDICATOR FOR THE TRADERS TO GAUGE AND PREDICT THE MARKET MOVEMENTS SO SUCCESSFULLY. OTHER INDICATORS ARE GOING TO BE ONLY SUPPORTIVE TO THIS.

WE WILL EXPLAIN STEP BY STEP ABOUT THIS CANDLESTICK PATTERNS AND CHARTS IN THE COMING DAYS.

10 IMPORTANT GOLDEN RULES IN FOREX

2010-08-15T05:17:00.000-07:00

TEN IMPORTANT GOLDEN RULES IN FOREX

Here is 10 important rules to follow in the FOREX Trading to book handsome profits or to escape with a minimum loss to become a successful trader or investor. Similarly you can apply the same rules in the SHARE MARKET also. It is evident that Forex Trading / Share Market is always risky eventhough you are a good follower of the rules and regulations.

1. ENTRY / EXIT POINT

This is one of the main and important factors to save you from a huge loss. You must know what is your point of Entry and Exit, then only you can book profit with 90% accuracy.

2. SELECTION OF STOCK

You should always initiate your trading only in the frontline stock to ensure the safety of your money. If it goes sometimes down, it will so quickly recover.

3. MEHOD OF INVESTMENT

Method of investment is really a crucial point to note, follow and apply in the live market because this is the place where everyone is used to commit mistakes leading to loose their capital. In order to overcome that, you must divide your investing amount into 5 equal parts and start investing in a regular intervals especially there must be minimum 3% - 5% difference between two buyings

Most importantly, you must determine your profit booking area in other words point of EXIT with 4 - 5%. If you still look forward to book some more profit, it will lead you to face a no loss or no gain situation or only loss.

4. TYPE OF TRADING

There are many types of trading. But normally, Traders involve in doing Intraday and Short Term Positional Trading only. It is advisable to stay away from Intraday because success rate is only 4-5% worldwide.

Experts say that one can learn only from their mistakes when they do intraday. If you accept that you must always use stop loss while doing intraday to escape with a meagre loss.

5. TRADING WITH TREND

It is very important to notice that we must always trade only with the TREND not against to it. It will harm if you determine to do the reverse trading (for eg. going SHORT in the uptrend market and LONG in the down Trend Market).

6. DIVERSIFIED INVESTMENT

It is equal to commit a suicide, if you invest all your money at a time in one scrip. As we have already said that you have to split your capital into 5 equal parts and choose minimum five different SECTORS to invest that too five different rates.

This method will help you to buy even the price goes down beyond the reasonable level in other words you will be always having some amount of money to buy the same scrip even at the lower levels.

7. NEGATIVE TREND

You must strictly avoid trading when market performs against your strategy or there is a Negative Trend. At that time you may change the sector or scrip which reacts positive to your strategy or the Market Trend.

8. SURPLUS MONEY

You should always risk only your surplus money in the market to avoid getting any damage to your regular life.

9. WITHDRAWAL OF PROFITS

It is important to develop a habit of withdrawing your profit money once in a month (may be 5%) or 5 - 10% in the middle of a month whichever is applicable during the process.

10. SUCCESFUL TRADER

In order to become a successful trader, you must strictly apply the above said rules and regulations in the live market atleast for 3-5 hrs a day. It is better to make it as a habit to shine in the market.

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2010-08-11T05:09:00.001-07:00

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IMPORTANT INDICATORS

10 IMPORTANT GOLDEN RULES IN FOREX

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