Technical Analysis Course Online

The famous investor Bruce Kovner quotes, “Whenever I enter a position, I have a predetermined stop. That is the only way I can sleep. I know where I am getting out before I get in.” It simply means, planning a stop loss is very essential. If you wish to become a successful trader then how to analyze the current market data and trade practices in the market? Let us find this out in our today’s blog.

If you want to be successful in the share market then you will have to marry twice i.e. you will have to marry trading and investing. But you will have to note down that for trading you will have to allocate less capital while for investing you will have to allocate more capital.

Now be it trading or investing, it is important to keep in market valuation first and then trade or invest. The popular trader Ed Seykota says three things are very important for him while trading; first is Trend Analysis, second is reading the Chart Pattern and third is determining the Buy and Sell signal.

Currently, if we analyze the chart then till the time Nifty is above the level of 11,184; the momentum is upwards. So where do we trade now? The famous American trader Jesse Livermore says, “Watch the market leaders.” So if we analyze the charts of different sectors then we’ll find that IT Index is indicating a comparatively strong strength.

See, not all our trades will prove to be right in the share market. Hence, George Soros says, it isn’t important how many times your prediction went right or wrong, what is important is how much money you make while you are right and how much you lose while you are wrong in the market.

This 4-step analysis is:

Understanding the Market Valuation

Checking the Market Direction

Checking the Share Direction

Placing a Stoploss

All these steps are practically covered for 60 days in our Smart Investor Training Program in our app called Aryaamoney - Online Share Market Classes.

Know more at https://bit.ly/345w3qi