Newbie's Corner!
Updated
Question : I am a learner and gain little bit of knowledge about indicators behavior from my own. But its take to much time to learn by searching things on internet. I have indications by RSI MACD & MA crossover that this stock go down or rise but timing missed. Please guide me.
Answer : There are two types of indicators. Leading and lagging. Leading indicators are ahead and lagging indicators are behind the market. When you start learning or trading use few indicators(Not more than two). Using more indicators complicate the process. Take one indicator, learn it fully, apply it in trading. Once you are confident that you learnt it well, take another indicator to learn. Timing of trading comes with experience. It can not be taught. Learning how to drive a vehicle is not possible by studying it from a book. Like that timing of trading wont come through learning from book. It comes through practise. To become a doctor we have to spend 7 yrs. To become engineer we have to spend 4 yrs. And ofcourse calculate the money we spend for education. But how many years we spend to learn trading? How much money we spend to learn about trading?
Answer : There are two types of indicators. Leading and lagging. Leading indicators are ahead and lagging indicators are behind the market. When you start learning or trading use few indicators(Not more than two). Using more indicators complicate the process. Take one indicator, learn it fully, apply it in trading. Once you are confident that you learnt it well, take another indicator to learn. Timing of trading comes with experience. It can not be taught. Learning how to drive a vehicle is not possible by studying it from a book. Like that timing of trading wont come through learning from book. It comes through practise. To become a doctor we have to spend 7 yrs. To become engineer we have to spend 4 yrs. And ofcourse calculate the money we spend for education. But how many years we spend to learn trading? How much money we spend to learn about trading?
Note
Dear friends, whatever course we do, when we trade only we can understand the difficulties in it. After the course completion nobody will guide us during our trade. Few friends here asked me to guide them in trading. Everybody analyse market with their own perception. To guide a person we should understand their perception, analysis style etc which will bring chaos. I cant guide anybody. People are asking me about paid calls. Will think about it. Thank you!Note
Don't miss reading the comments. Lot of knowledge transfer happened.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.