Whom to you consult to take trading decisions?

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Whom to you consult to take trading decisions?

Post by enidhi on Sat Feb 02 2008, 00:19

Whom do you count on for day to day trading decisions? Do you rely mainly on your personal analysis and gut feeling?

Or do you trade based on tips given by your broker? Have you subscribed to any paid services like Power Your trade (of Moneycontrol)?

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Re: Whom to you consult to take trading decisions?

Post by ashwini on Sat Feb 02 2008, 18:53

I am not into this crazy stock market....some people around me are...mad at it,,, lol!

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Re: Whom to you consult to take trading decisions?

Post by rakeshkamble on Mon Feb 04 2008, 16:41

he he when money is coming or going out of our pocket ppl will b mad.. lol!

I just hear to my pals who are in market from long time and who get advices from brokers.. I do my own research before investing.. But couple of times just invested blindly which made a hole in my pocket

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Re: Whom to you consult to take trading decisions?

Post by enidhi on Fri Feb 29 2008, 10:39

that's true...

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Answer:

Post by nitikasnv on Mon Jan 18 2010, 13:34

Hi,

We should consult a qualified broker or other financial advisor prior to making any actual investment or trading decisions.

I think so.

Thanks

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Re: Whom to you consult to take trading decisions?

Post by pankaj joshi on Thu Mar 04 2010, 20:18

my brokers at reliance money super trade.

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Re: Whom to you consult to take trading decisions?

Post by pawankumar on Wed Mar 17 2010, 16:02

pankaj joshi wrote:my brokers at reliance money super trade.
wise decision pankaj.

my self .not any other individual!

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Re: Whom to you consult to take trading decisions?

Post by praveen1 on Sat Mar 20 2010, 01:18

Hi,

I usually take all the decision on my own but before finalizing any thing i generally have a look at the opinions given by different brokers which is available at monyecontrol or the financial tv channel cnbc. One thing which I always keep in my mind is that without taking risks nobody can become rich.

____________
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Re: Whom to you consult to take trading decisions?

Post by pawankumar on Tue Mar 23 2010, 15:25

you have to have a plan first!

If you know how to make out the markets, you are agreeing the verity that you may be erroneous. You are starting to admit conscientiousness and liability. When you note down by which way you are going to penetrate a trade, on condition that definite procedures emerge, you eradicate any opportunity of culpability the market. In other words, if you resolute that definite optimistic cipher shows up in your market then you enter into a long position. If these aforementioned events take place, and you did not enter the trade, that breakdown is your blunder.

The apparatus of Your Trading Plan:

A trading plan has set components. Actually, there are three major components within any trading plan and they are entry, exits and money management rules:

1. Tested Entry Rules: Prior to you enter a trade these rules are an exact set of rules that an implement must overtake. These entry rules should be effortless, undeviating.

2. Off the record Money Management Rules: The ability to manage risk is possibly the most important and least addressed aspect of trading. A lucrative trader is one who has the aptitude to supervise the peril related with trading. A trading system should identify precisely how much money you are prepared to lose on any given trade.

3. Tested Exits Rules: If you do not be acquainted with when to exit a spot then your entering a share is of no benefit. To define your exit is similarly essential as one that defines your entry.

When you spend time to note down your trading rules, you renovate your psychological authenticity to a substantial reality. You cannot avoid taking responsibility or falsify the numbers. By putting pen to paper your tactic, you are forcing yourself to produce a sequence of verdict support on how you see the markets.

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Re: Whom to you consult to take trading decisions?

Post by lakhvinder on Tue Apr 20 2010, 17:29

what are the software tools that are absolutely essential for an online trading platform or a

trader who trades on it? and which platform more or less gives the best tools for it?can anyone

plz tell?

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Re: Whom to you consult to take trading decisions?

Post by pawankumar on Wed Apr 21 2010, 18:59

things like real time analysis.charting,graphs and fast display of trading recors is something that a platform needs to be famous among traders!

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Re: Whom to you consult to take trading decisions?

Post by akhi kashyup on Wed May 05 2010, 17:04

you can consult people who give expert advice along with the trading platform..like icici..motilal...if u are new to the market...it is a great idea!

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Re: Whom to you consult to take trading decisions?

Post by lakhvinder on Fri May 07 2010, 14:50

ok..thanks..apart from experts and platform ...can i get some good positive unbiased advice from anyone who does not have any stake?because most of the times many things appear promotional to me!

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Re: Whom to you consult to take trading decisions?

Post by seenathkumar on Thu Jun 17 2010, 16:59

Great i really appreciate you all for sharing this information. Keep it up.

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Whom to you consult to take trading decisions?

Post by Bhanu on Mon Aug 02 2010, 16:37

Hai....
Good morning...
I am new to the forum, but hopefully
have some good info to add to the
discussion.

Thank you for sharing with us...

regards,
Phe9oxis
http://www.guidebuddha.com

Bhanu
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