In our life whatever job we take up we either take training via formal education or on job training before we shift from job of a intern to an expert. Unfortunately the same is not followed when we trade Online or otherwise in stocks and Commodities.
Most of the online traders who do Online trading in NSE BSE or MCX do more on rumors or tips. They expect others to make lacs of rupees for them by their spending few thousand rupees. It is obviously the way to disaster and ruin.
Secondly what to train in is a major question. Technical Analysis or Fundamental Analysis. Well ideally even if you are wanting other experts to manage your money a basic knowledge of both the analysis is ideal. However if you are only interested in short term trading Technical Analysis is a better route. The critics of Technical analysis say its mumbo jumbo. However all the major firms today, though have majority of Fundamental Analysts also have few technical analysts.
The sellers of Technical Analysis Softwarealso conduct Technical Analysis courses for basic and advanced training. Though some are basic in nature attending them opens up your eye to new way of looking at earning and protecting your money.
When most of professions or job we get are based on what training we have taken. Why should we think otherwise for trading our own hard earned money?
When most of professions or job we get are based on what training we have taken. Why should we think otherwise for trading our own hard earned money?