30 April 2012

How to trade in nifty?

Stick to Professional Advice
 Do not sell at the slightest hint of economic trouble. The Nifty index has survived through many major catastrophes. It does go to some dangerous depths but it slowly regains its footings to its previous highs. In Nifty Futures trade only those people make a profit who buy at the right time on professional advice and also hold their Nifty Futures till advised by their brokers to sell.

The most important part of trading nifty is to have a clear picture of what’s happening in the market. Having a good afl helps in making a good entry but it’s the exit that dictates the profit. We either exit too early or don’t exit at all and wait and hope for a turn around and book big losses. 

Problem is we all want perfect entry and perfect exits.A good mechanical trading system automates the entire process of trading. The system provides answers for each of the decisions a trader must make while trading. The system makes it easier for a trader to trade consistently because there are a set of rules which specifically define what should be done. The mechanics of trading is not left up to the judgment of the trader. If you know that your system makes money over the long run it is easier to take the signals and trade according to the system during periods of losses. 

If you are relying on your own judgment during trading you may find that you are fearful just when you should be bold and courageous when you should be cautious. If you have a mechanical trading system that works, and you follow it rigorously your trading will be consistent despite the inner emotional struggles that might come from a long series of losses, or a large profit.

The confidence, consistency, and discipline that a thoroughly tested mechanical system affords is the key to many of the most profitable traders’ success
The many advantages of Nifty Futures
·         One can make big profits using only margin money.
·         Easy liquidity makes investments in Nifty Futures easy to cash in dire circumstances.
·         One does not need to keep track of the individual 50 stocks that make up the Nifty. Over the years every trader in Nifty Futures learns to gauge whether the current trend is bullish or bearish.
·         There are many learned brokers who give good advice to their clients. The problem is that most clients do not stick to given advice. One should make use of this vast storehouse of knowledge and invest in Nifty Futures with the guidance of a tried and tested broker.
The final decision always lies with the investor. The best way to deal in Nifty futures is by sticking to well worked out targets. Shares in some ways have very predictable charts and they again and again touch the same highs created in the past. One should stick to professional advice. Then it is certain that Nifty Futures will lead one on to a great fortune.

1 comment:

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