How To Set Up Platform for NSE/BSE Trading & Investing

The quest to become the ultimate share market trader is not only limited to your knowledge but also affected by the trading station you resort to. With the advancement in technology, it becomes all the more necessary to have a decent trading setup to get an edge over others while trading.

Understand the importance of Candlestick Charts

For day traders, prices of stocks play a highly important role which makes the use of candlestick charts a necessity. Candlestick charts are the type of financial charts that represent changes in the prices of stocks, derivatives or currency. As a matter of fact, all experienced traders tend to rely more on such charts instead of line graphs.

Selection of a time Frame

An individual chart represents the prices of a stock in a given time period.  For better decision making and analysis, it is important that you select a time frame that is neither too long nor too short. It is recommended that you study the charts on a daily time frame basis.

Selection of volume bars

Volume bars are the charts that represent the number of stocks traded in a given time frame. Volume bars are equally important in setting up your trading station.

Understanding Indicators

Indicators are the derived results and calculations that revolve around the prices or the fluctuations in the prices of stocks and are used for predictive purposes. They help us study the prices of a given security, reduce risk and decision making. Here, we take the help of moving averages. They are of three types, the 20 simple moving averages, the 50 SMA and the 200 SMA and each of them represents the trends of stocks for 20, 50 and 200 days respectively. Daily Chart 1. 20 SMA 2. 50 SMA 3. 200 SMA

Multiple Monitors

Additionally, It is advisable that you use multiple monitors so that you have access to multiple sources of information at the same time. An average of 2 or 3 monitors will provide you with an edge while trading.

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Article written by

Shivam Aggarwal

What are the tech necessary for Successful NSE Live Trading & Investing?

Using tech to get a trading advantage In the ever-changing world stock markets. One cannot simply expect to trade successfully without a decent level of technology. Earlier stock trading was limited to how loud a person could shout and agree upon a Stock Price. Today it’s electronic and easy. Newer technology and internet has become a necessity when it comes to successful stock trading in the Indian stock market today. Here’s a list of all the necessary tech, which I believe, is necessary for trading in the global stock market along with the proper stock market education from a stock market institute.

Hardware and Share Market Software

One should always make sure that, when trading, the system should have a decent amount of memory and a processor. It should be fast enough to not keep lagging incessantly. It is advisable to use multiple monitors for efficient stock market live trading(discussed below).

Stock Brokers can provide you with the user-friendly and reliable software to trade in stock market live. Different types of software packages are used by different types of traders.

For an instance, day traders mostly use software programmes that allow them to trade quickly.

It is advisable to remove all the redundant information, others may use software that allows trading and charting. Multiple Monitors Although, not a complete necessity, having multiple monitors provides you with an edge over other traders in the world stock market. It enables you to access and analyze data from various sources and keeps you up to date. However, one should keep in mind that too many monitors can also be a bane.

High-Speed Internet Connection

The Internet is, probably, the most important asset for a successful stock market trader. The internet service you use should be fast enough to show web pages in a matter of seconds. Lag is the most undesirable thing a trader can expect to come across. Lag means a data slowdown where you receive old data instead of the latest one. A trader should try out multiple internet services and select the best one in the end with the least loading time.

You should always keep your smartphone data plan as a backup. In case, if the normal internet services go down, you can contact your internet provider to access the internet. Using technology to its full potential will always prove to be a great way to make trading in stocks less risky. Especially, will keep you in touch with the stock market news. To be more profitable and fruitful in the long run one should apply these tips in stock market live trading.

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Wants to achieve your Trading Goal in 2018? Here are 5 tips to achieve trading goals for Stock Market Beginners

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Trading Plan

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Stock Market Recaps

At the end of each day in the Stock market, we conduct a market recap session, where we bring out the major changes that take place on the stock market today. After which we evaluate the best ways by which a trader could have made these trades. We also go through all the trades that we make each day during stock market timings and evaluate them. In the end, the students who have doubts regarding their trades can bring them up to the class.

Swing Strategies

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Patterns to Trade in  world stock Market

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Community

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