I can say the most asked question from newbie's and also from experienced traders is "Can you explain your trading strategy?" A trade spends more than 2 yrs(approximate) to find a trading strategy suitable for him. I use chart patterns, RSI indicator, fib levels to plan my trade. But only experience can teach when which method is applicable.
My interaction with...
One of the frequent question traders ask me is what books to study to trade better. How to be successful in trading. First step to get success in any field is gaining knowledge. I am sharing the information about the books I studied. It is said that people who think they are brilliant, have high IQ level got beaten up by share market. The reason behind this is...
1. Globally known as a 'fear index', Vix is actually one of the best contrarian indicators in the world. Chicago Board Options Exchange (CBOE) which owns the Vix trademark say that since volatility (high) often signifies financial turmoil, Vix is often referred to as the investor fear gauge. The index is colloquially referred to as the fear index.
2. In India,...
"Always follow your trading plan". Every trader have trading plan. When to enter a trade, when to exit, target and stoploss. And also everybody have their own analysis skills. We can discuss with our trading friends about a script. We can discuss whether the price is going up or going down. But when entering a trade it should be based on our analysis, our trading...
