ChatGPT, Chat GPT, chat gpt… Chatgpt is everywhere !! What’s the big deal? Why is everyone so excited about chatgpt? Let’s look at chatgpt in this blog post and how it can be used in trading. We’ll also take a closer look at ChatGPT’s many uses in the trading sector, including its capacity to teach …
10+ Uses | ChatGPT for Trading: A Comprehensive Guide with examples ! Read More »
No…. Age is not always a deciding factor in trading success!! Successful traders have ranged in age from young adults to experienced professionals. However most experts recommend that people stop trading around the age of 50. You must be at least 18 years old to be a successful trader. This is because most exchanges require …
Have you ever made a trade based solely on a sudden surge of excitement or fear, rather than because it aligns with your overall trading strategy? If this is the case, you are not alone. This is referred to as impulsive trading, and it can be a major trap for even experienced traders. In this …
Now, you are about to place an order when you have decided on your entries and exits and are looking to buy the stock. Then a bunch of options appear….. To proceed, you must select any one option! These options are referred to as order types. Orders are instructions to buy or sell a security …
20 Basic Types | Simple Guide on Order Types & What I use !! Read More »
Why Do Stocks Form Patterns? What Is the reasoning? Because humans are herd animals, stock prices follow patterns. We are hardwired to follow the herd. We want to buy or sell stocks when we see other people doing so. This explains why stock prices tend to move in predictable patterns. The basic idea behind stock …
Trading is a psychological game. It is difficult to enter and exit a trade without proper knowledge. And also, it’s important to ALWAYS follow the rules. You risk running out of luck and losing your capital if you miss it even once. As a result, entries and exits must be precise. Early exits are one …
How do I stop myself from exiting trades too early? Read More »
There are tons of different types of trading assets, and each one has its own set of characteristics. Some assets are easier to trade than others, but they all have their own value that makes them unique. Types of Trading Assets Stocks Stocks represent ownership in a company, and they can be traded on stock …
The stock market is a complex machine that can be studied in a variety of ways. Various techniques are used to select stocks and assist traders in determining when a stock’s direction may change. Each of these techniques has advantages and disadvantages… The most important thing to remember is that no single technique will reveal …
Because emotions and reality comes into play. Why trading is difficult? 1. Trading is hard because it involves trying to predict what other people are going to do. The markets are always changing and can be unpredictable, making it difficult to predict the direction of prices. So there’s no one-size-fits-all answer, so it takes a …
Why trading is difficult, when it is just buy low and sell higher ? Read More »
Yes it is not always easy. It is not easy at the beginning as well. Some may have beginners luck. But most of the times people will face losses at the intermediate stage. This is true for day traders. Day trading requires being disciplined and following strict rules. Losses doesn’t mean that you will be …
How do you bring confidence or encourage yourself in trading? Read More »
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