Crude oil is a human

[Tamil trader]

Experience 8

Understand the character of the Market, otherwise Winning is impossible

Before coming to the market, understanding the character of the market is very must. because market always has a special character

Up and Down is the main character. Continuous buying pressure and selling pressure exists for every small up and down.

So anyone cannot control the market. This is what we should understand first.

Then how to make money? Control yourself is the answer.

To control ourself, We need Money Management, Risk Management, Strategy Management, Time Management. If we are ready to manage these things, automatically we will become a disciplined trader

In Market, No need to believe Luck, No Need to believe God.

Money Makes Money.

For newbies, if the price goes opposite to their trade for little movement, immediately they think that trend is changed and wants to reverse the trade. This is totally wrong habit. No need to be nervous at every price movement. Peacefulness in trading is very important to make money. because this is not gambling. this is our main business. this is our profession. mind it. and know how to do this business peacefully.

How to Get the Trend Reversal Point? This is the next lesson

Regards
Vinoth
Tamil Trader

 

[stock72]

vinoth ,

where to get curde oil daily bhav copy for yesteryears

 

[Tamil trader]

vinoth ,

where to get curde oil daily bhav copy for yesteryears

www.mcxindia.com

 

[stock72]

www.mcxindia.com

i tried there ... it giving either no of contracts, value or qty ..

I wish to have open/low/high/close price of daily basis for yesteryears

 

[guptak03]

Experience 8

Understand the character of the Market, otherwise Winning is impossible

Before coming to the market, understanding the character of the market is very must. because market always has a special character

Up and Down is the main character. Continuous buying pressure and selling pressure exists for every small up and down.

So anyone cannot control the market. This is what we should understand first.

Then how to make money? Control yourself is the answer.

To control ourself, We need Money Management, Risk Management, Strategy Management, Time Management. If we are ready to manage these things, automatically we will become a disciplined trader

In Market, No need to believe Luck, No Need to believe God.

Money Makes Money.

For newbies, if the price goes opposite to their trade for little movement, immediately they think that trend is changed and wants to reverse the trade. This is totally wrong habit. No need to be nervous at every price movement. Peacefulness in trading is very important to make money. because this is not gambling. this is our main business. this is our profession. mind it. and know how to do this business peacefully.

How to Get the Trend Reversal Point? This is the next lesson

Regards
Vinoth
Tamil Trader

:thumb::thumb::thumb::thumb::thumb::thumb:

 

[VJAY]

i tried there ... it giving either no of contracts, value or qty ..

I wish to have open/low/high/close price of daily basis for yesteryears

Here it is ...http://www.mcxindia.com/SitePages/BhavCopy.aspx

 

[malayamoorthi]

GOOD AND USEFUL INFORMATION:thumb::clapping:

 

[Tamil trader]

Experience 9

Business ? or Gambling?

How do we treat the market? is it the business? or gambling?

If you have the product at your home, shops, godown, etc, and hedge the commodities in MCX, then this is your business....

But for normal future traders, this is purely called "Gambling"

But Gambling can become a full time business if you are ready to face the risk in the gambling

In the gambling, Fundamental or Psychological approach is very less important. Only Technical approach with money management gives the good profit constantly

Always expect the unexpected in the market. if you do this, you will definetly received the expected return. but all are thinking about profits only.

Dont think that how to make a profit....This is very wrong method...

Just think that how to escape from the loss... Automatically , you will receive the profit...

After the market opening, by sitting in front of the computer, every one is thinking whether buy or sell. and changing their decision every ups and downs. This is purely called gambling approach to the market.... Be Strict in your decision and dont change your decision for small ups and downs, then only , you can do like the business. totally avoid the overtrading.

Overtrading is specially for subbroker to get quick rich. not for you. My kind suggestion to newbies is, if you come to the market, please come to face the market with pre-planned and highly backtested approach.. dont play with your real hardworked money blindly.

Market is not to learn.....Market is to earn only... Mind it.. Because If you follow the business approach and face the risk in your business every time, you will become a winner in the market.

If you follow the gambling approach, most of the times, you will lose. that is very sure...

So , you take your own decision. do you think market as gambling? or Business?

 

[fxgood]

Professional traders never need to predict , and prediction is never possible even with slight degree of consistency.

 

[Tamil trader]

Professional traders never need to predict , and prediction is never possible even with slight degree of consistency.

Well Said. :clapping::clapping::clapping: