Simple price action strategy:---

Simple price action strategy:---

Its the art of reading the chart either candlestick or Line or Bar chart (whatever) . A person needs to learn the tactics of Price behavior at certain levels or pivots, the acceptance & rejection of price at support/ resistance zones..

Its more of a art then some specific rules, which keeps on improving by Screen Experience --Practice ..Learn.. Practice .. Learn.....

How can I learn about trading and how do I start trading by myself?

Start if your are passionate about market or trading, cause this will be rough road and you have to be ready for losses, no sleep nights, some profits and lots of questions will arise within your mind, despite all these journey of a trader is like (bhulane se bhe na bhula ji a).

if you remain for long time in the market, it will not only make you a trader but also change your character in a better way.

PHASE I

• learning trading is a difficult task and need patience, try to avoid youtube in the first phase, read books on trading, trading psychology, and basic finance is important to understand the technical terms used in the field.
• In phase-I. do as much mistake as you can, and make journal of them which will be only documented text for your performance analysis.
• Read trading books, try different indicators and learn about them.
• learn chart reading, how candlestick works, how different time frame used for trading.
• main goal is to get exposer and experience so, later in your trading journey you can make your own strategy and work on risk management.

PHASE II

• now, you will be able to understand things such as, technical , your mistakes will be clear to you, you would be able to manage your risk.
• you will not become consistently profitable, but able to save your capital to sail through loosing trades.
• this period will decide wether you will be trader for life or leave the journey.
• automatically the loosing trades will not give you stress.
• Can enter into good trades but not able to exit properly with maximum profit.
• Confidence will buildup. Mental calmness will be attain while trading.
• Having more knowledge about , risk to reward ratio, risk management, trading psychology.

PHASE III

• You will be a consistently profitable trader.
• Trade like a machine without emotions.
• where you had done the hard part so often that trading became 2nd character in yourself.
• where losses are small and profits are more.
• More than 10,000 hrs is completed while watching the charts (probability is high to become a profitable trader).

TIPS :-

1. AVOIDE TRADING USING SOMEONE ELSE TIPS.
2. PUT YOUR OWN MONEY TO LEARN TRADING (OPEN DEMAT ACCOUNT AND START EXPERIMENTING) KEEPING THE MINDSET TOWARDS LEARNING AND TRADE WITH LESS CAPITAL TILL YOU DEVELOP A STRATEGY.
3. READ BOOKS RATHER THAN YOUTUBE.
4. ALWAYS REMEMBER RIGHT MINDSET IS THE TOP PRIORITY FOR A TRADER.
5. IF YOU ARE HAVING FINANCIAL PROBLEMS, NEED A SOURCE TO EARN MONEY AND NO PASSION TOWARDS MARKET, THEN I WILL SUGGEST YOU TO GIVE YOURSELF TIME AND DECIDE.

Life as a trader is a wonderful achievement no doubt in that, many has achieved.

all the best, please avoid if you find grammatical mistakes.

“upvote” this will help me to grow in Quora 👍

Traders reading this please 🙏🏻 add more points in the comment this will help the community to grow and finding mistakes in my context will not harm my ego 😊

We are doing an experimenting these days and there is no real money involve. We just note down the prices of entering and existing from the trades. Everyday at sharp 11:00 a.m. we entered into trade by long a future contract of most strong and simultaneously short a future contract of most weak script. And sharp 3:20 p.m. we square off both the contracts. There is no emotion no findings and no research. Just go with a market. So far our result is as follows: -

Day 1: Long Asian Paint on 900 and short Bank of Baroda on 147.35 and end of the day loss was 3920/-

Day 2: Long Reliance 1032 and short ITC 317.10 and end of the day Reliance profit is 2450/- and ITC profit is 4960/-

Day 3: Long Sun Pharma 309/- and short Cairns 130.75 and end of the day Sun Pharma loss is 6150 and Cairn Profit 16500/- Net profit 10350/-

It is on experiment basis and it will continue till more next 10 days.

Lets see....what happens....

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How do I learn stock market investing in India?

You can learn stock market investing in India that means NSE or BSE very easily. First thing about your question, “How do I learn stock market investing in India?” is you need to learn the difference between [trading in stock market] and investing in stock market.

Now the Stock trading is about buying and selling stocks for short-term profit, with a focus on share prices. Investing is about buying stocks for long-term gains. Trading and investing both involve seeking profit in the stock market.

Now the next question rises short term and long term definition here before that let me help you with something more:

Well there are 2 types of trading:

1. Intraday or day trade: Intraday trading deals with buying and selling of stocks on the same day, during the trading hours that are stipulated by the exchange. An intra-day trader is a particular type of stock trader. This trader both opens and closes a new position in a stock in the same trading day. Intraday trading is the most popular thing in Indian stock market specially amongst new generations. Just come with small capital and use leverage to trade.
2. Positional or holding: Position trading is the opposite of day trading because the goal is to profit from the move in the primary trend rather than the short-term fluctuations that occur day to day. It is conventional way of trading you just buy a stock or a counter and you keep it.

So the trading is mostly I mean most of the times is intraday or day trading or it can be short term like BTST/STBT that is buy today sell tomorrow and Sell today buy tomorrow. It can be a week holding whereas an investing is like something a trade you keep for a longer duration above 6 month or so.

Coming back to your question,

Well, the first step to either trade or invest in India is to have a demat account. Now what is that: its an account that holds all the shares that you purchase in electronic or dematerialized form. Basically, a demat account is to your shares what a bank account is to your money. Like the bank account, a demat account holds the certificates of your financial instruments like shares, bonds, government securities, mutual funds and exchange traded funds (ETFs).

Now with that definition, let me elaborate you need a demat account only if you are willing to deal in Shares that too taking the delivery or holding the shares for T+1 day. If you want to invest in other than stock market you need a demat. BUT if you are planning only intraday or day trading; you don’t need a demat account. YOU NEED ONLY TRADING ACCOUNT.

NOW WHAT IS DEPOSITORY & IT’S FUNCTIONS?

A depository is similar to a bank. It holds shares, which belong to investors, in electronic form. The investor has to open an account with the depository, through a Depository Participant (Broker). The broker is an intermediary between the depository and the investor. In India, there are two depositories, National Securities Depository and Central Depository Services. A number of banks (HDFC Bank, ICICI Bank, SBI, and so on), brokers (Zerodha, India Infoline, Motilal Oswal and Indiabulls) and institutions function as DPs.

How to open a demat account?

Choose a broker on parameters: brokerage charges, annual charges and leverage provided. Fill up a form; submit documents like PAN CARD, CANCEL CHEQUE, ID PROOF, and INCOME PROOF (BANK STATEMENT OR ITR) AND INVESTMENT OR MARGIN CHEQUE.

NOW WHAT IS MARGIN AND LEVERAGE?

Margin is your investment amount that you are investing and leverage is the limit you get on it. Let’s say you have 10,000/- to invest that is your margin and leverage is limit that broker provides for trading. Like if he gives you 4 times limit that means you can make a trade where you will need a margin of 40,000/-

Why? Because broker make commission on turnover more turnover you make in buy and sell more profit he makes.

The above is where it all begins… so now you have read about the initial stage and the mandatory stage of the stock market.

Now I cannot type in everything here about the basics of the stock market, you can prefer reading a blog called “Daily Capital Market Dose”. You can reach to it with a simple Google search.

Daily Capital Market Dose is dedicated blog for Indian stock market traders and investors. Specially for those who want to learn about Indian stock market, how to begin trading and investing.

Why am I asking about this blog specifically? Because it has something for everyone at every stage. I mean you can learn the basics about the IPO, Mutual Funds, MCX, NSE, Stock Options, even operating a terminal to put your trades your own self in the market. It has something for everyone as I said even the details apart from stock market like an article it has “Investment Options for Short Term and Fix Income In India” which is about the information about investments in India where you can invest money apart from stock market.

For existing traders and investors it has few post about the technical analysis also, which can be visualized on their YouTube channel even.

Articles for Beginners

• Beginners Guide: How to Start investing in Stock Market (NSE/BSE/MCX)
• How to Start Trading In Commodities, MCX?
• What is Demat Account and how to use Terminal for trading
• What Are Stock Options?
• IPO: INITIAL PUBLIC OFFERING IN INDIA
• Points to Consider before investing
• Introduction to Mutual Funds in India

Articles for Traders and Investors:

• 32 Movies based on WallStreet and Stock Market
• 20 Do's & Don'ts For Traders & Investors
• LIST OF WEBSITES FOR LIVE MARKET RATES
• Investment Options for Short Term and Fix Income In India
• How can you make 2000-5000/- daily in stock market yourself?

Articles on Technial Research:

• What are Candlesticks Patterns chart?
• Learning Bullish Candlestick Patterns:
• Learning Bearish Candlestick Patterns
• Learning: How To Use Support Resistance For Trading

Know different Discount Brokers and their Features:

• Why Zerodha Broking is better than any other?

So this blog is something must read for the basic information may want to learn about.