Digging your way through Stock Market Encyclopedia

Posted by Anonymous on
Knowledge,Virtue & Action!
The 3 important and essential essence of Trading.
Stock market trading/investing is in trend nowadays just because Indian stock market is rallying up like anything. Though a lot of people want to multiply their money by investing into the market only a few of them have vigor to learn about the market. People think that the market is like a money generating tree and they think splurging is everything.For example, If I invest 20,000 today, I want at least 30,000–40,000 by the end of 2–3 months. Nowadays, people are entering the market just because they follow a grapevine communication or become a sheep to the newspaper or may be a devotee to CNBC TV 18 or were just curious before about how potential the market is to multiply our capital.
They enter the market and end up in huge losses.
Why does this really happen?
Investing in the markets without knowledge is a blunder. Don’t expect to double your money within some months as it is not possible.
Learning stock markets is a journey and not a destination. One must be very cautious, patient and experienced if he decides to invest his hard earned money into the markets.
I have sincerely experienced that if you are a Novice,start with a Mutual fund. If someone is available and ready to provide you professional advice in just 2–2.5% commission then that is better than anything. If you are driven then learn before you invest. Learning is most essential as without knowledge, you cannot earn your fortune.
What are the best websites for market analysis?
1)Live Technical Analysis, Charts, Screener Research & Price - This website is one of the best for technical analysis having lots and lots of indicators and charts available in a lot of time frames. Moreover, with indicators like Aroon, RSI, Supertrend, Bollinger bands, Renco-Donchain chart combination and moving averages, you can predict the short term and Intraday movement of a particular stock. In addition to that, its page load speed is fast and has tutorials for learning the techniques.
2)Stock/Share Market Investing - Live BSE/NSE, India Stock Market Recommendations and Tips, Live Stock Markets, Sensex/Nifty, Commodity Market, Investment Portfolio, Financial News, Mutual Funds - Regarded as one of the best sites in technical as well as fundamentals, moneycontrol stands at number 1 in India. It encompasses Investment Portfolio, recommendations, Financial news updated every minute plus Mutual funds overview and holdings. It has got all the tools one requires to analyse a particular stock and invest into it.
                                                      
3)Stock Edge app - My personal favourite. Stock edge is the right hand for a trader;Modules to learn, daily updates, FII/DII Activity, Sectors, names of active HNI investors, funds and a lot of priceless scans (used in technical analysis). It covers price scans, volume and delivery scans, futures scans, options scans, candlesticks scans. Each of them have sub categories, for example price scans comprise of :-
  • Previous day breakout scans
  • Last week breakout scans
  • Last month breakout scans
  • 52 week breakout scans
  • 3 day behaviour scans
  • 1 day behaviour scans
Similarly, technical scans comprise:
  • Simple moving average scans
  • Commodity channel index scans
  • Money flow index scans
  • Relative strength index scans
  • William % R scans
  • Rate of change Scans.
and much more…..
       
4)National Stock Exchange of India Ltd. - This is a government site consisting of all the required information and updates that happen. It also shows live charts as well as information of particular stock charts. It also has information about Equity derivative segment and lists all the strike and spot prices of futures and options. One can choose the required option by analyzing this site.
                                                           
Some more site that may be helpful are:-
Even when you have all the wealthy knowledge,the crucial ingredient is how you analyse and this requires prior knowledge of the market. This requires consistent reading and study of the stocks. My recommendation would be to read Economic times newspaper daily as it will create a basic understanding of the markets. 
Books possess richness of knowledge and they are the primary source of reliable information. I would recommend these books for an absolute beginner:-
  1. Rich dad poor dad by Robert Kiyosaki
  2. Everything you wanted to know about stock markets by CNBC TV 18
  3. A book on day trading by Mandar Jamsandekar
So what are you waiting for...Just get,set and Go!

By Abhiram Dapke

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