Intraday or Day Trading is always the first choice for beginners. In Intraday, you close your buys sells position in the same day. You can take your profit and loss at home in the same day. A beginner wanting to make money from the stock market is attracted towards the Day Trading.
Day Trading can be risky without the proper knowledge. Most people are trapped in it only by listening to others. As a result, they have to bear heavy losses. I would like to give a few examples to clarify this point.
• You may have subscribed to many Analyst giving intraday Tips. They claim that their clients are making huge money. • You may have got free tips from your brokers, from your friends, from TV channels, etc. • You might have listened to lectures on various topics like gann theory, Elliot waves, pivot points, dow theory, RSI etc. etc. • You may have traded with the advice of experts on TV channels. • You might have used Buy Sell Signal software
Best Intraday Tips for Beginners No One Will Tell You A new trader to earn quick money, is becoming a victim of these advisory companies or ads. This brings a huge loss for you. What would happen to you when you lose your money this way? In mind, you shout and cry, become angry. Lost Money cannot come back, but you can stay alert for future.
To be successful in the stock market, along with knowledge of the market, you should have control over your actions and emotion. Here I would like to share a few tips related to Intraday. This will help you understand the theory of day trading.
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Listen to business news Sometimes stock prices suddenly go up or down, but you do not know why it happened. Meanwhile, a trade can bring you losses. Such movement may be due to the good or negative news. Do not just stick with the trading software. Keep yourself updated with the latest market movements.
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Go with the trend A new trader cannot understand trends. But you will watch carefully for any one stock for a month, then gradually you will be able to understand the trend of the stock. Always use candlestick charts for intraday trend and use 1 or 5-minute time frame. Do not ever set your own trend.
Best Intraday Tips for Beginners No One Will Tell You
Sometimes a stock suddenly rises slightly and then you think the stock is in an uptrend and you quickly place orders, but after a few moments, the stock seems to come down instead of going up and Once again you have to bear losses. Do not take such entry in haste.
- Learn some basic technical formula If you want to work full time in the stock market, so why you depend on someone else. Sometimes you blindly make a trade on the expert advice of TV channels. But have you ever tried to figure out how they guess about stock movement.
They just do the fundamental and technical analysis of stocks that you can also. Initially, fundamental analysis may be a bit harder for you, but technical analysis and chart reading skills you can learn on the Internet easily. First of all, try to learn Candlestick chart. It’s the backbone of charts.
In this post, I did not give you any practical tips because you’ll find the tips everywhere. Everyone is engaged in selling his advice, indicator, tips, etc. etc. in the market. If you really want to succeed in this market, you have to learn how to earn money smartly. In next post I will tell about some Intraday platforms, so you can make profitable strategies for Intraday Trading.
Thanks for Reading. If you have any views about post content, you can share with me via comment section.
Submitted July 08, 2016 at 05:59AM by Rajat_Poonia http://ift.tt/29mA5f1
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