Monday, June 28, 2010
Sunday, June 27, 2010
Watch Free Intraday Cash Tips for 28th Jun 2010 Overview
Free Intraday Cash Tips from Tipz.in for 28th Jun 2010
Core Projects And Technologies Limited
Buy COREPROTEC above 233 with target of Rs. 236, 241 and stoploss of Rs. 229
Sel Below 227 with target of Rs. 224, 218 and stoploss of Rs. 231
Hindustan Petroleum Corp
HINDPETRO Buy above 405 with target of Rs. 426, 450 and stop loss of Rs. 386
Sel Below 383 with target of Rs. 365, 330 and stop loss of Rs. 390
Reliance Communications Limited
RCOM Buy above 193 with target of Rs. 195, 198 and stop loss of Rs. 191
Sel Below 190 with target of Rs. 189, 186 and stop loss of Rs. 192.5
Orbit Corp
Buy above 275 with target of Rs. 280, 282 and stop loss of Rs. 272
Core Projects And Technologies Limited
Buy COREPROTEC above 233 with target of Rs. 236, 241 and stoploss of Rs. 229
Sel Below 227 with target of Rs. 224, 218 and stoploss of Rs. 231
Hindustan Petroleum Corp
HINDPETRO Buy above 405 with target of Rs. 426, 450 and stop loss of Rs. 386
Sel Below 383 with target of Rs. 365, 330 and stop loss of Rs. 390
Reliance Communications Limited
RCOM Buy above 193 with target of Rs. 195, 198 and stop loss of Rs. 191
Sel Below 190 with target of Rs. 189, 186 and stop loss of Rs. 192.5
Orbit Corp
Buy above 275 with target of Rs. 280, 282 and stop loss of Rs. 272
Watch Nifty Charts Overview - Resistance and Support Level
Watch Nifty Charts Overview:
Support................................. Resistance
5246 .........................................5306
5222 .........................................5344
5185..........................................5382
Saturday, June 26, 2010
Watch How to Trade the Dow Jones Index Overview
How to Trade the Dow Jones Index :
The Dow Jones Industrial Average is a price weighted average of 30 well known stocks. The average is commonly used as a gauge for the health of the economy. While there are several other types of indexes, the Dow Jones Industrial Average, or simply the "Dow", is the most popular. The best way to trade the Dow Jones Index is through an Exchange-Traded Fund (ETF).
Instructions :
Step 1
Review the definition of an ETF. An ETF is an exchange traded fund that is used to track assets or indexes, including the Dow. ETFs trade exactly like stocks.
Step 2
Look up ETFs that track the Dow. The Dow Jones maintains a site with information about ETFs that track the Dow (See Resources). Choose the one which best suits your interests. The website also has information on each ETF, including its components, historical index values, a fact sheet and methodology for computation.
Step 3
Take down the ticker symbol in which the ETF is traded under. This is found in the right most column under the word Symbol. It is usually a three- to five-letter word.
Step 4
Decide how much you would like to invest. To estimate the number of shares you can afford to invest, divide the amount you can invest by the current market price of a share.
Step 5
Contact your broker and place an order. You will need the ticker symbol, the number of shares you wish to purchase and the price you wish to purchase the shares.
Modulated Volume analysis delivers consistently profitable trading signals
+8.1% on the Nasdaq 100 in 3 weeks
Large Institutional Money creates significant Surges in market volume when it BUYs or SELLs.
Such Volume surges always precede price trend Reversals. Our Indicators track these surges.
Using these Indicators, you can pick your BUY and SELL points
Large Institutional Money creates significant Surges in market volume when it BUYs or SELLs.
Such Volume surges always precede price trend Reversals. Our Indicators track these surges.
Using these Indicators, you can pick your BUY and SELL points
Friday, June 25, 2010
Forex Market Analysis - Technical and Fundamental Analysis Overview
Forex Market Analysis - Technical and Fundamental :
If you are looking into foreign exchange (forex) as a venture you want to take to make good money online, you may have heard or read somewhere else that one of the keys towards succeeding in the foreign exchange market is forex market analysis - analyzing trends and factors that affect the movement of currency values.
There is more to foreign exchange than buying when the price is low and selling when the price is up. Forex traders use forex market analysis to be able to predict possible movements of the price. If you are a forex investor who can correctly predict the rise of the price of the currency that you are trading, then you can gain profit, and on the other hand, if you fail with your predictions, you can lose money as well.
In foreign exchange, two types of forex market analysis are usually done to be able to predict the future movements of a currency's price. The technical analysis digs into the value of the currency for over a period of time and analyzes the trend or common patterns of the rise and fall of a currency's value, which can be a basis of your buying and selling.
In technical analysis, you will be needing charts on price trends as well as data on currency values, algorithms and basically numbers or quantitative data of currency movements. In charting, you have to identify and analyze the peaks and troughs in the trend of the prices. You have to identify patterns as well that can help you predict a shift of the trend. With this, you will be able to determine the currency's general direction and base your trading strategy on it.
However, price trends and patterns are not just the only indicator of a possible rise or fall of the currency's value. In fact, economic and political factors greatly affect the value of the currency, thus aside from these quantitative data, forex market analysis may also dig into the social and economic factors that influence the price of the currency. It may involve analyzing the country's economic status, current political situation as well as government policies.
In the fundamental analysis, there are several concepts that are taken into consideration to analyze the currency market. Inflation or the rise in the general prices of commodities, for example, is one of the elements of the economy that can affect the value of the currency. If the economy also has high interest rates, this will also mean a higher value of the currency as the investors will come in and try to gain high returns.
Most importantly, the GDP or gross domestic product of a country is one of the key indicators of the country's economic performance and a rise and fall in the GDP can also lead to a rise and fall of the interest rates which in turn affect the change in the value of the currency.
Keep in mind that these two methods in forex market analysis is necessary if you want to be successful in the currency market. With the help of technology, you can also automate technical analysis by using a software that you can run in your computer and provide you with quantitative data on market trends as well. This will free more of your time and allow you to make wise decisions in your trading.
There is more to foreign exchange than buying when the price is low and selling when the price is up. Forex traders use forex market analysis to be able to predict possible movements of the price. If you are a forex investor who can correctly predict the rise of the price of the currency that you are trading, then you can gain profit, and on the other hand, if you fail with your predictions, you can lose money as well.
In foreign exchange, two types of forex market analysis are usually done to be able to predict the future movements of a currency's price. The technical analysis digs into the value of the currency for over a period of time and analyzes the trend or common patterns of the rise and fall of a currency's value, which can be a basis of your buying and selling.
In technical analysis, you will be needing charts on price trends as well as data on currency values, algorithms and basically numbers or quantitative data of currency movements. In charting, you have to identify and analyze the peaks and troughs in the trend of the prices. You have to identify patterns as well that can help you predict a shift of the trend. With this, you will be able to determine the currency's general direction and base your trading strategy on it.
However, price trends and patterns are not just the only indicator of a possible rise or fall of the currency's value. In fact, economic and political factors greatly affect the value of the currency, thus aside from these quantitative data, forex market analysis may also dig into the social and economic factors that influence the price of the currency. It may involve analyzing the country's economic status, current political situation as well as government policies.
In the fundamental analysis, there are several concepts that are taken into consideration to analyze the currency market. Inflation or the rise in the general prices of commodities, for example, is one of the elements of the economy that can affect the value of the currency. If the economy also has high interest rates, this will also mean a higher value of the currency as the investors will come in and try to gain high returns.
Most importantly, the GDP or gross domestic product of a country is one of the key indicators of the country's economic performance and a rise and fall in the GDP can also lead to a rise and fall of the interest rates which in turn affect the change in the value of the currency.
Keep in mind that these two methods in forex market analysis is necessary if you want to be successful in the currency market. With the help of technology, you can also automate technical analysis by using a software that you can run in your computer and provide you with quantitative data on market trends as well. This will free more of your time and allow you to make wise decisions in your trading.
Thursday, June 24, 2010
Watch Free Intraday Cash Tips for 25th June 2010 Overview
Free Intraday Cash Tips from Tipz.in for 25th Jun 2010
Hindustan Oil Exploration Co. Ltd
Buy HINDOILEXP above 225 with target of Rs. 231, 240 and stoploss of Rs. 216
Sel Below 214 with target of Rs. 210, 196 and stoploss of Rs. 218
Godrej Industries Ltd
GODREJIND Buy above 171.5 with target of Rs. 175, 180 and stop loss of Rs. 167
Sel Below 166 with target of Rs. 163, 155 and stop loss of Rs. 168
Bombay Rayon Fashions Ltd
BRFL Buy above 257 with target of Rs. 261, 268 and stop loss of Rs. 251
Sel Below 250 with target of Rs. 247,238 and stop loss of Rs. 254
Hindustan Oil Exploration Co. Ltd
Buy HINDOILEXP above 225 with target of Rs. 231, 240 and stoploss of Rs. 216
Sel Below 214 with target of Rs. 210, 196 and stoploss of Rs. 218
Godrej Industries Ltd
GODREJIND Buy above 171.5 with target of Rs. 175, 180 and stop loss of Rs. 167
Sel Below 166 with target of Rs. 163, 155 and stop loss of Rs. 168
Bombay Rayon Fashions Ltd
BRFL Buy above 257 with target of Rs. 261, 268 and stop loss of Rs. 251
Sel Below 250 with target of Rs. 247,238 and stop loss of Rs. 254
Watch Technical analysis Chart for INDEX CASH Nifty Overview
Technical analysis Chart for INDEX CASH Nifty
Wednesday, June 23, 2010
Watch Free Intraday Cash Tips for 24th Jun 2010 Overview
Free Intraday Cash Tips from Tipz.in for 24th Jun 2010
AMTEK AUTO LTD
Buy AMTEKAUTO above 170 with target of Rs. 173.5, 178 and stoploss of Rs. 164.5
Sel Below 164 with target of Rs. 161,153 and stoploss of Rs. 166
TECH MAHINDRA LIMITED
TECHM Buy above 754 with target of Rs. 764,779 and stop loss of Rs.737
Sel Below 735 with target of Rs.727,700 and stop loss of Rs. 742
FORTIS HEALTHCARE LTD
FORTIS Buy above 153 with target of Rs. 154.5,157.5 and stop loss of Rs. 150
Sel Below 149.5 with target of Rs. 148.5, 144 and stop loss of Rs. 151
AMTEK AUTO LTD
Buy AMTEKAUTO above 170 with target of Rs. 173.5, 178 and stoploss of Rs. 164.5
Sel Below 164 with target of Rs. 161,153 and stoploss of Rs. 166
TECH MAHINDRA LIMITED
TECHM Buy above 754 with target of Rs. 764,779 and stop loss of Rs.737
Sel Below 735 with target of Rs.727,700 and stop loss of Rs. 742
FORTIS HEALTHCARE LTD
FORTIS Buy above 153 with target of Rs. 154.5,157.5 and stop loss of Rs. 150
Sel Below 149.5 with target of Rs. 148.5, 144 and stop loss of Rs. 151
Watch Today's Nifty Charts Overview - Resistance and Support Level
Watch Today's Nifty Charts Overview
Spot Nifty 5323.15 ( 0.12 % )
Nifty SUPPORT .........................Nifty RESISTANCE
5300 ..................................................5343
5284 ...................................................5369
5257 ....................................................5397
Tuesday, June 22, 2010
Free Intraday Cash Tips from Tipz.in for 23rd Jun 2010
Free Intraday Cash Tips from Tipz.in for 23rd Jun 2010
OPTOCIRCUI
Action ................Trigger Price.............Stop Loss............... Target-1...........Target-2
BUY ABOVE....................237.........................234.5.............................241...................243
OPTOCIRCUI
Action ................Trigger Price.............Stop Loss............... Target-1...........Target-2
BUY ABOVE....................237.........................234.5.............................241...................243
Watch Daily Foreign Market Update Overview
Daily Market Update
On Wall St overnight, US stocks gave up early gains as excitement over the news from China waned and a downgrade of French banking giant BNP Paribas thrust European concerns back into focus.
The S&P 500 had been up as much as 1.2% earlier before reversing to close lower by 0.4%. The Nasdaq was the worst performer, down 0.9%, while the Dow Jones Industrial Average closed down a modest 0.1%.
US markets had opened strongly with the S&P trading to an intra-day high of 1131, a gain of 1.2%. However as the euro pulled back to the low 1.23 level, equity markets reacted negatively. Importantly for the UK open, the S&P dropped 1.2% from the FTSE close, hence we should see a weaker open.
There had been analysts suggesting the positive response to the news from China was an over-reaction, with traders buying risk assets in Asia. After participants decided to actually take a closer look at the announcement, the market realised that the revaluation was still going to be gradual and very much on China terms. At the end of day, it looks like it was an emotional reaction to the news, with traders quickly selling the rally after the strong US open.
Overnight, early in the Asian trading session we saw the PBOC increase the yuan fix by 0.43%, to 6.7980 from 6.8275. This was what currency and equity traders would have ideally liked yesterday, however even though the Chinese had compromised under pressure from US and other G20 nations to revalue the yuan, they sent an indirect message that they would not get it all one way. There are still those who see the revaluation of the yuan as a PR exercise and the muted reaction to buying in risk currencies may be testament to the fact we may see a gradual approach to the appreciation. Australian miners Rio Tinto and BHP Billiton did have a positive reaction to the news so this may provide some support for the UK listing.
In Asia, regional markets are mostly lower this Tuesday, the first fall in 9 sessions following the weaker leads from the US and a downgrade from Fitch to French banking giant BNP Paribas. Standard & Poors also said Spanish lenders face years ahead because of the nation’s slow growth. As at 06:00 the Nikkei is the heaviest faller, down 1.1% while the Hang Seng is flat. In China, the Shanghai Composite is firmer by 0.2%.
Given these leads from the US and Asia, the expectations are for major European markets to open markedly lower, although traders are likely to find fresh economic data to be working with very quickly. The German IFO survey will be released at 9am (BST), whilst the UK emergency budget report is also set to carry some significant news in the shape of tax changes and cutbacks on a number of public spending projects. Arguably this could see movement in either direction if too much downside has already been factored in, but the detail could well take some hours to digest in full. There's an interim management statement due from Whitbread this morning ahead of the company's AGM but elsewhere the corporate calendar remains quiet. Again, BP will be one to watch after the stock’s ADR tumbled almost 5% in US trade last night.
Ahead of the open we're calling the FTSE down 48 at 5251, the DAX down 38 at 6255 and the CAC down 39 at 3697.
On Wall St overnight, US stocks gave up early gains as excitement over the news from China waned and a downgrade of French banking giant BNP Paribas thrust European concerns back into focus.
The S&P 500 had been up as much as 1.2% earlier before reversing to close lower by 0.4%. The Nasdaq was the worst performer, down 0.9%, while the Dow Jones Industrial Average closed down a modest 0.1%.
US markets had opened strongly with the S&P trading to an intra-day high of 1131, a gain of 1.2%. However as the euro pulled back to the low 1.23 level, equity markets reacted negatively. Importantly for the UK open, the S&P dropped 1.2% from the FTSE close, hence we should see a weaker open.
There had been analysts suggesting the positive response to the news from China was an over-reaction, with traders buying risk assets in Asia. After participants decided to actually take a closer look at the announcement, the market realised that the revaluation was still going to be gradual and very much on China terms. At the end of day, it looks like it was an emotional reaction to the news, with traders quickly selling the rally after the strong US open.
Overnight, early in the Asian trading session we saw the PBOC increase the yuan fix by 0.43%, to 6.7980 from 6.8275. This was what currency and equity traders would have ideally liked yesterday, however even though the Chinese had compromised under pressure from US and other G20 nations to revalue the yuan, they sent an indirect message that they would not get it all one way. There are still those who see the revaluation of the yuan as a PR exercise and the muted reaction to buying in risk currencies may be testament to the fact we may see a gradual approach to the appreciation. Australian miners Rio Tinto and BHP Billiton did have a positive reaction to the news so this may provide some support for the UK listing.
In Asia, regional markets are mostly lower this Tuesday, the first fall in 9 sessions following the weaker leads from the US and a downgrade from Fitch to French banking giant BNP Paribas. Standard & Poors also said Spanish lenders face years ahead because of the nation’s slow growth. As at 06:00 the Nikkei is the heaviest faller, down 1.1% while the Hang Seng is flat. In China, the Shanghai Composite is firmer by 0.2%.
Given these leads from the US and Asia, the expectations are for major European markets to open markedly lower, although traders are likely to find fresh economic data to be working with very quickly. The German IFO survey will be released at 9am (BST), whilst the UK emergency budget report is also set to carry some significant news in the shape of tax changes and cutbacks on a number of public spending projects. Arguably this could see movement in either direction if too much downside has already been factored in, but the detail could well take some hours to digest in full. There's an interim management statement due from Whitbread this morning ahead of the company's AGM but elsewhere the corporate calendar remains quiet. Again, BP will be one to watch after the stock’s ADR tumbled almost 5% in US trade last night.
Ahead of the open we're calling the FTSE down 48 at 5251, the DAX down 38 at 6255 and the CAC down 39 at 3697.
Monday, June 21, 2010
Watch Today's Market Overview for Nifty Level
NIFTY TRENDS FOR 21ST-JUNE-2010
Today all the stockS in nifty started with the positive bias. It can be said that Nifty is likely to consolidate between 5230-5300. Today it will be better to target on the largecap and midcap stocks. Today the resistance for nifty can be at the level of 5350 and the strong support can be seen at the level of 5230. At the selling of nifty future traders can sell nifty future at 5270 with target of 5290 and the stop loss of 5230. Traders can buy nifty future with the target of 5400 and the stop loss at 5250.
Today all the stockS in nifty started with the positive bias. It can be said that Nifty is likely to consolidate between 5230-5300. Today it will be better to target on the largecap and midcap stocks. Today the resistance for nifty can be at the level of 5350 and the strong support can be seen at the level of 5230. At the selling of nifty future traders can sell nifty future at 5270 with target of 5290 and the stop loss of 5230. Traders can buy nifty future with the target of 5400 and the stop loss at 5250.
Sunday, June 20, 2010
Watch Free Intraday Cash Tips from Tipz.in for 21st Jun 2010 Overview
Free Intraday Cash Tips from Tipz.in for 21st Jun 2010
Voltas
Action ...................Trigger Price..............Stop Loss........... Target-1.............Target-2
BUY ABOVE...................... 193 .......................190......................196.50......................198
UBL ( United Breweries Limited )
Action .................Trigger Price.......... ....Stop Loss........... Target-1..............Target-2
BUY ABOVE....................... 238 .......................229......................248......................260
S.SELL BELOW.................226........................232.....................218......................200
IDFC ( Infrastructure Development Finance Company Limited )
Action ...................Trigger Price............ Stop Loss........... Target-1..............Target-2
BUY ABOVE...................... 170 .........................167......................171.5......................174
S.SELL BELOW...............166.............................168.....................165......................161
HANUNG ( Hanung Toys And Tex Ltd )
Action ..................Trigger Price.............Stop Loss........... Target-1..............Target-2
BUY ABOVE........................ 233 ........................231......................235......................240
S.SELL BELOW...................230.........................232.....................227......................225
Voltas
Action ...................Trigger Price..............Stop Loss........... Target-1.............Target-2
BUY ABOVE...................... 193 .......................190......................196.50......................198
UBL ( United Breweries Limited )
Action .................Trigger Price.......... ....Stop Loss........... Target-1..............Target-2
BUY ABOVE....................... 238 .......................229......................248......................260
S.SELL BELOW.................226........................232.....................218......................200
IDFC ( Infrastructure Development Finance Company Limited )
Action ...................Trigger Price............ Stop Loss........... Target-1..............Target-2
BUY ABOVE...................... 170 .........................167......................171.5......................174
S.SELL BELOW...............166.............................168.....................165......................161
HANUNG ( Hanung Toys And Tex Ltd )
Action ..................Trigger Price.............Stop Loss........... Target-1..............Target-2
BUY ABOVE........................ 233 ........................231......................235......................240
S.SELL BELOW...................230.........................232.....................227......................225
Watch Reliance in Slow transition towards Bull Market Overview
Reliance in Slow transition towards Bull Market
If you had looked either into the Daily or Weekly charts of Reliance there is too much noise in the charts. The another way to filter out the noise from the system is by choosing the higher timeframe to know about the exact information about the trend. So when we look into the montly charts of reliance along with the Ichimoku charts we could find that reliance after testing the montly resistance zone Since the start of June, 2009 to till date it is moving sideways fashion with a slow transition from Bear to the Bull market. And currently its trading above the montly resistance cloud by bulding a strong base near 980 levels.
If you had looked either into the Daily or Weekly charts of Reliance there is too much noise in the charts. The another way to filter out the noise from the system is by choosing the higher timeframe to know about the exact information about the trend. So when we look into the montly charts of reliance along with the Ichimoku charts we could find that reliance after testing the montly resistance zone Since the start of June, 2009 to till date it is moving sideways fashion with a slow transition from Bear to the Bull market. And currently its trading above the montly resistance cloud by bulding a strong base near 980 levels.
Thursday, June 17, 2010
Watch Free Intraday Cash Tips from 18th Jun 2010 Overview
Free Intraday Cash Tips from Tipz.in for 18th Jun 2010
ASTEC ( Astec Lifesciences Limited )
Action ...................Trigger Price........ Stop Loss........... Target-1..............Target-2
BUY ABOVE....................... 68 ..........................66......................69.5......................71
S.SELL BELOW.................65.5.......................66.5.....................64.6......................62
IFBIND ( IFB Industries Ltd )
Action ...................Trigger Price........ Stop Loss........... Target-1..............Target-2
BUY ABOVE...................... 139 .....................136......................142.5......................147
S.SELL BELOW...............135.5.......................137.....................133......................126
BANCOINDIA ( Banco Products (I) Ltd )
Action ...................Trigger Price........ Stop Loss........... Target-1..............Target-2
BUY ABOVE........................ 114 .....................112.5......................118......................123
S.SELL BELOW...................112.......................113.5.....................108.5......................103
ASTEC ( Astec Lifesciences Limited )
Action ...................Trigger Price........ Stop Loss........... Target-1..............Target-2
BUY ABOVE....................... 68 ..........................66......................69.5......................71
S.SELL BELOW.................65.5.......................66.5.....................64.6......................62
IFBIND ( IFB Industries Ltd )
Action ...................Trigger Price........ Stop Loss........... Target-1..............Target-2
BUY ABOVE...................... 139 .....................136......................142.5......................147
S.SELL BELOW...............135.5.......................137.....................133......................126
BANCOINDIA ( Banco Products (I) Ltd )
Action ...................Trigger Price........ Stop Loss........... Target-1..............Target-2
BUY ABOVE........................ 114 .....................112.5......................118......................123
S.SELL BELOW...................112.......................113.5.....................108.5......................103
Wednesday, June 16, 2010
How to Invest in the Forex Market | Forex Market Tips Overview
Why invest in the Forex market?
The answer is simple – for many different reasons, which we will examine, Forex Market is thought by many to be a perfect market.
Forex is short for foreign exchange and is the world’s largest market. Completely virtual, its size makes it less open to outside influence and less volatile than other markets. Forex Market generates over $3 trillion in revenues every day as a result of exploiting small fluctuations in the value of foreign currencies. It is a very dynamic business and there are significant opportunities to make a hefty profit, however, although there are a huge number of people now involved in forex trading it is still something that remains relatively unknown to the majority of people.
Forex is accessible – you don’t need a great deal of money to get involved so it provides an excellent opportunity for small investors to make money. One of the benefits of Forex is the option to pay only a small proportion of the purchase price in advance, it is also free of commission and is not subject to exchange fees, instead the trading cost is incorporated within the bid/ask spread offered by the market maker. This makes it an excellent prospect for those who wish to trade frequently.
Learning how to trade Forex is a skill that is almost guaranteed to pay once you have mastered it. Forex is not easy, so you will need some knowledge to make good investment choices. Forex is not something that can be mastered in a single day, so it does take some study to become good at it. You need to see it as a long term investment in your financial future.
Unlike other markets such as futures, Forex is available to trade 24 hours a day, 7 days a week. This is because trading hours overlap each other in the various countries around the world, meaning that the market is almost always open. There are major forex trading centres in London, New York and Tokyo as well as other cities such as Sydney. With the different time zones in operation, you can trade at any time of the day or night, and day of the week; including Sunday.
Forex is known as a leveraged market. This can work for or against you, and means that, for example, if your broker offers you leverage of 100:1 leverage, for every 1 unit in your account, you are able to control 100 units. If you can manage this correctly then there is the possibility of making lots of money quickly. By treating Forex as your own business and taking responsibility for it, you can find yourself in a very lucrative market indeed.
It has been said that “not trading forex is like leaving it there for someone else to pick up” and that “trading forex is like having an a.t.m. machine on your own computer”. Forex can be an extremely lucrative business independent of your location and time of day. It is the most liquid market in the world of trading and is all about freedom – some have said that trading forex is like picking money up off the floor! Clearly with the number of private and corporate investors investing in this market, it would seem to be an incredibly lucrative opportunity to get involved in.
Unlike the London Stock Exchange or the American Stock Exchange, Forex is not a physical market. Instead it can be described as a worldwide network of banks, investment firms, hedge fund, currency traders, and other financial and banking entities. Forex operates as an over-the-counter (OTC) market also known as an off-exchange market. The Forex market is constantly fluctuating, which means that if the rate of exchange on a particular currency is not good enough today, then you can certainly expect some difference in the coming weeks. Forex trading happens by phone, on the internet or via a broker.
Changes in the currency market happen fast and these changes are affected by many different factors. The Forex market is also continually growing as the number of individuals participating in the market increases.
Trading Forex is absolutely not a game, however many people feel that it is more like gambling, and consequently don’t treat it seriously. Forex is a serious way to make money, and it is possible to get involved at ground level. Trading forex is perfectly legal and is based on probabilities, provided you can accurately weigh up the associated risks and rewards, you should do well!
Common Mistakes Made When Investing in the Forex Market
Learning to trade Forex is a learning curve and every trader is bound to make mistakes no matter how experienced they are. The important thing to remember is that you should treat any mistake as an opportunity to learn from it and remember that tomorrow is another trading day, so you can just start all over again. Here we take a look at some of the most common mistakes made by Forex traders, and how we can try to avoid them.
One of the biggest and commonest mistakes is to become overconfident. It often happens after making a few successful trades, when the trader stops reacting and starts predicting instead. Rather than reading the market and following the trends, the trader starts to try and guess what the market will do. A good trader will identify the existing patterns in the currency market, carrying out extensive research and then placing a trade that will enable them to cash in on it. Not doing this is a big mistake – experienced traders have a saying “the trend is your friend”, which is well worth remembering.
Another mistake that can occur as a result of overconfidence is that of adding to losing positions. If you start to see that the market is going against your position, you should not add to it any more – this is the time to close that position. You will lose trades, don’t try and correct them by predicting the market will change. You need to get out as soon as you can and move on to the next one.
Don’t set your leverage too high. Aim to use a maximum of 1% to 2% of your trading capital on a position. Insufficient capitalization occurs when you use too much leverage – also known as margin. This is effectively money borrowed from the broker, and if you are caught up in a loss situation, you can find yourself with a high interest margin debt to your broker to worry about. Forex brokers normally have a set maximum allowed for margin debts – this typically 50% of the value of the trading account. If the debt goes above this, the broker can make a margin call – this is a request for you to add some more money to your account as collateral. Inexperienced traders should try and avoid margin debt until they are more familiar with the system.
It is important not to overtrade. If you make too many trades you are spreading yourself too thinly, and are putting yourself at risk of receiving a margin call. You can also lose focus by trading in this way, so stay in control and limit the number of trades you are making.
You should always use stop-loss orders apart from in a few very specific situations. Stop-loss orders do exactly what their name suggests – they stop you making too much of a loss on your trades. The stop-loss order is a pre-determined point at which you will close your position on that trade so as to avoid losses that you cannot afford. Make sure you use them correctly!
Do not treat Forex trading as a hobby – it is a serious business and should be treated as such. Hobbies such as golf, travelling and eating out always cost you money, whereas the purpose of a business is to make money. This is what you want from your Forex trading so you should approach it in a businesslike manner which means having a plan and keeping records.
Always do your research. Don’t take information or “tips” at face value – you should always make your own enquiries and seek second or third opinions before putting your own money in.
Don’t invest in a currency for the sole reason that it is cheap. Many traders believe that because a currency rate is cheap that they can later reap fantastic profits but this is not always the case. Always do your research to see if you can establish why that particular currency is so cheap and look at its trend history. This will give you the information you need to decide whether to make the trade.
Make a plan. If Forex trading is your business then you should have a business plan in place. Your plan will help you avoid making some of the most typical trading mistakes and save you money. Your plan should include some established entry and exit rules which should form the basis of your trading strategy.
By being aware of these pitfalls and the potential mistakes that a Forex trader can make, you will go a long way towards making sure that you finish up with a profit
The answer is simple – for many different reasons, which we will examine, Forex Market is thought by many to be a perfect market.
Forex is short for foreign exchange and is the world’s largest market. Completely virtual, its size makes it less open to outside influence and less volatile than other markets. Forex Market generates over $3 trillion in revenues every day as a result of exploiting small fluctuations in the value of foreign currencies. It is a very dynamic business and there are significant opportunities to make a hefty profit, however, although there are a huge number of people now involved in forex trading it is still something that remains relatively unknown to the majority of people.
Forex is accessible – you don’t need a great deal of money to get involved so it provides an excellent opportunity for small investors to make money. One of the benefits of Forex is the option to pay only a small proportion of the purchase price in advance, it is also free of commission and is not subject to exchange fees, instead the trading cost is incorporated within the bid/ask spread offered by the market maker. This makes it an excellent prospect for those who wish to trade frequently.
Learning how to trade Forex is a skill that is almost guaranteed to pay once you have mastered it. Forex is not easy, so you will need some knowledge to make good investment choices. Forex is not something that can be mastered in a single day, so it does take some study to become good at it. You need to see it as a long term investment in your financial future.
Unlike other markets such as futures, Forex is available to trade 24 hours a day, 7 days a week. This is because trading hours overlap each other in the various countries around the world, meaning that the market is almost always open. There are major forex trading centres in London, New York and Tokyo as well as other cities such as Sydney. With the different time zones in operation, you can trade at any time of the day or night, and day of the week; including Sunday.
Forex is known as a leveraged market. This can work for or against you, and means that, for example, if your broker offers you leverage of 100:1 leverage, for every 1 unit in your account, you are able to control 100 units. If you can manage this correctly then there is the possibility of making lots of money quickly. By treating Forex as your own business and taking responsibility for it, you can find yourself in a very lucrative market indeed.
It has been said that “not trading forex is like leaving it there for someone else to pick up” and that “trading forex is like having an a.t.m. machine on your own computer”. Forex can be an extremely lucrative business independent of your location and time of day. It is the most liquid market in the world of trading and is all about freedom – some have said that trading forex is like picking money up off the floor! Clearly with the number of private and corporate investors investing in this market, it would seem to be an incredibly lucrative opportunity to get involved in.
Unlike the London Stock Exchange or the American Stock Exchange, Forex is not a physical market. Instead it can be described as a worldwide network of banks, investment firms, hedge fund, currency traders, and other financial and banking entities. Forex operates as an over-the-counter (OTC) market also known as an off-exchange market. The Forex market is constantly fluctuating, which means that if the rate of exchange on a particular currency is not good enough today, then you can certainly expect some difference in the coming weeks. Forex trading happens by phone, on the internet or via a broker.
Changes in the currency market happen fast and these changes are affected by many different factors. The Forex market is also continually growing as the number of individuals participating in the market increases.
Trading Forex is absolutely not a game, however many people feel that it is more like gambling, and consequently don’t treat it seriously. Forex is a serious way to make money, and it is possible to get involved at ground level. Trading forex is perfectly legal and is based on probabilities, provided you can accurately weigh up the associated risks and rewards, you should do well!
Common Mistakes Made When Investing in the Forex Market
Learning to trade Forex is a learning curve and every trader is bound to make mistakes no matter how experienced they are. The important thing to remember is that you should treat any mistake as an opportunity to learn from it and remember that tomorrow is another trading day, so you can just start all over again. Here we take a look at some of the most common mistakes made by Forex traders, and how we can try to avoid them.
One of the biggest and commonest mistakes is to become overconfident. It often happens after making a few successful trades, when the trader stops reacting and starts predicting instead. Rather than reading the market and following the trends, the trader starts to try and guess what the market will do. A good trader will identify the existing patterns in the currency market, carrying out extensive research and then placing a trade that will enable them to cash in on it. Not doing this is a big mistake – experienced traders have a saying “the trend is your friend”, which is well worth remembering.
Another mistake that can occur as a result of overconfidence is that of adding to losing positions. If you start to see that the market is going against your position, you should not add to it any more – this is the time to close that position. You will lose trades, don’t try and correct them by predicting the market will change. You need to get out as soon as you can and move on to the next one.
Don’t set your leverage too high. Aim to use a maximum of 1% to 2% of your trading capital on a position. Insufficient capitalization occurs when you use too much leverage – also known as margin. This is effectively money borrowed from the broker, and if you are caught up in a loss situation, you can find yourself with a high interest margin debt to your broker to worry about. Forex brokers normally have a set maximum allowed for margin debts – this typically 50% of the value of the trading account. If the debt goes above this, the broker can make a margin call – this is a request for you to add some more money to your account as collateral. Inexperienced traders should try and avoid margin debt until they are more familiar with the system.
It is important not to overtrade. If you make too many trades you are spreading yourself too thinly, and are putting yourself at risk of receiving a margin call. You can also lose focus by trading in this way, so stay in control and limit the number of trades you are making.
You should always use stop-loss orders apart from in a few very specific situations. Stop-loss orders do exactly what their name suggests – they stop you making too much of a loss on your trades. The stop-loss order is a pre-determined point at which you will close your position on that trade so as to avoid losses that you cannot afford. Make sure you use them correctly!
Do not treat Forex trading as a hobby – it is a serious business and should be treated as such. Hobbies such as golf, travelling and eating out always cost you money, whereas the purpose of a business is to make money. This is what you want from your Forex trading so you should approach it in a businesslike manner which means having a plan and keeping records.
Always do your research. Don’t take information or “tips” at face value – you should always make your own enquiries and seek second or third opinions before putting your own money in.
Don’t invest in a currency for the sole reason that it is cheap. Many traders believe that because a currency rate is cheap that they can later reap fantastic profits but this is not always the case. Always do your research to see if you can establish why that particular currency is so cheap and look at its trend history. This will give you the information you need to decide whether to make the trade.
Make a plan. If Forex trading is your business then you should have a business plan in place. Your plan will help you avoid making some of the most typical trading mistakes and save you money. Your plan should include some established entry and exit rules which should form the basis of your trading strategy.
By being aware of these pitfalls and the potential mistakes that a Forex trader can make, you will go a long way towards making sure that you finish up with a profit
Monday, June 14, 2010
Free Intraday Cash Tips for 15th June 2010 Overview
Free Intraday Cash Tips from Tipz.in for 15th Jun 2010
ENIL
Action ...................Trigger Price........ Stop Loss........... Target-1..............Target-2
BUY ABOVE............... 250 .....................242......................262......................280
S.SELL BELOW..........240.......................246.....................230......................210
JAI CORP LTD
Action ...................Trigger Price........ Stop Loss........... Target-1..............Target-2
BUY ABOVE............... 264 .....................251......................277......................292
S.SELL BELOW..........249.......................253.....................238......................212
IRB
Action ...................Trigger Price........ Stop Loss........... Target-1..............Target-2
BUY ABOVE............... 291 .....................285......................294......................299
S.SELL BELOW..........283.......................287.....................278......................272
ENIL
Action ...................Trigger Price........ Stop Loss........... Target-1..............Target-2
BUY ABOVE............... 250 .....................242......................262......................280
S.SELL BELOW..........240.......................246.....................230......................210
JAI CORP LTD
Action ...................Trigger Price........ Stop Loss........... Target-1..............Target-2
BUY ABOVE............... 264 .....................251......................277......................292
S.SELL BELOW..........249.......................253.....................238......................212
IRB
Action ...................Trigger Price........ Stop Loss........... Target-1..............Target-2
BUY ABOVE............... 291 .....................285......................294......................299
S.SELL BELOW..........283.......................287.....................278......................272
Watch Nifty Inverse Head & Shoulders Overview
Nifty Inverse Head & Shoulders
Nifty has breakout from Inverse Head & Shoulder with Neckline at 5130.
Height of the head is 380 points thus giving the target of approx 5500.
An attempt towards neckline should be bought with SL around 5080.
closing below neckline will invalidate the above chart
Nifty has breakout from Inverse Head & Shoulder with Neckline at 5130.
Height of the head is 380 points thus giving the target of approx 5500.
An attempt towards neckline should be bought with SL around 5080.
closing below neckline will invalidate the above chart
General Market Advice - Trading Tricks Overview
General Market Advice:
1. Never chase a stock.
2. Buy when markets are in the grip of panic.
3. Only buy fundamentally strong stocks, which are undervalued.
4. Buy stocks grown in top line and bottom line over the past years.
5. Invest in companies with proven management.
6. Avoid loss-making companies.
7. PE Ratio and Growth in earnings per share are the key.
8. Look for the dividend paying record.
9. Invest in stocks for sure returns.
10. Stocks have been the high yielding asset class over the past.
11. Stocks are an asset class.
12. The basic property of any asset class is to grow.
13. Buy when everyone is selling and sell when everyone buys.
14. Invest a fixed amount each month.
Last But not least Trust our tips and then invest to earn huge profit
1. Never chase a stock.
2. Buy when markets are in the grip of panic.
3. Only buy fundamentally strong stocks, which are undervalued.
4. Buy stocks grown in top line and bottom line over the past years.
5. Invest in companies with proven management.
6. Avoid loss-making companies.
7. PE Ratio and Growth in earnings per share are the key.
8. Look for the dividend paying record.
9. Invest in stocks for sure returns.
10. Stocks have been the high yielding asset class over the past.
11. Stocks are an asset class.
12. The basic property of any asset class is to grow.
13. Buy when everyone is selling and sell when everyone buys.
14. Invest a fixed amount each month.
Last But not least Trust our tips and then invest to earn huge profit
Wednesday, June 9, 2010
Watch Nifty Intraday Update - II Overview
Above "5005" (as per PreMarket view) and broken above of the falling channel now.
Sunday, June 6, 2010
Watch Weekend Analysis Overview
Weekend Analysis
We should revisit our week end analysis when ever complacency sets in with a sense of knowing all about the markets. Our initial analysis is often the "intuitive one" and markets bring in the "emotional content" with its moves, which were anyway expected, but adds rainbows to it while it unfolds on the monitor screens and sways you away from the path.
Nifty moved right into the middle of that "5110-5165" and poised to go towards "4935" again. A close below that or a fall below 4885 may eliminate the "larger pull back" and Nifty will make new lows.
Grey:(Bullish with immediate short term bearish) - This one has completed "a" of the "2/ B" and has started the 'b" from the high of "5147" , can stretch upto 4960, 4935, 4885. If it holds any of the three levels, it could start a bullish "C" wave up targeting 5200 - 5260.
Red: (More Bearish in the short term) - After the "X" wave at "5213", "a" wave fell to 4786 and a "b" wave completed @ 5147 on Friday and the "C" wave may unfold in either "abc" or "12345" fashion. Here too "4885-4935" may act as an inflection point whether "Grey" or "Red" is playing out.
Being down with fever, I am not able to answer my mail this week end but for those who found it difficult to trade the recent times, I wish to remind you just a simple fact: "Have you done your home work before trading and are you confident enough to act on it and have you stuck to this plan of yours..?".
For the easiest of trading strategies, I reemphasize here to "Trade only the divergences" and you will hit more than 80% success rate with a relaxed approach. And there are many divergences to choose from.
Nifty moved right into the middle of that "5110-5165" and poised to go towards "4935" again. A close below that or a fall below 4885 may eliminate the "larger pull back" and Nifty will make new lows.
Grey:(Bullish with immediate short term bearish) - This one has completed "a" of the "2/ B" and has started the 'b" from the high of "5147" , can stretch upto 4960, 4935, 4885. If it holds any of the three levels, it could start a bullish "C" wave up targeting 5200 - 5260.
Red: (More Bearish in the short term) - After the "X" wave at "5213", "a" wave fell to 4786 and a "b" wave completed @ 5147 on Friday and the "C" wave may unfold in either "abc" or "12345" fashion. Here too "4885-4935" may act as an inflection point whether "Grey" or "Red" is playing out.
Being down with fever, I am not able to answer my mail this week end but for those who found it difficult to trade the recent times, I wish to remind you just a simple fact: "Have you done your home work before trading and are you confident enough to act on it and have you stuck to this plan of yours..?".
For the easiest of trading strategies, I reemphasize here to "Trade only the divergences" and you will hit more than 80% success rate with a relaxed approach. And there are many divergences to choose from.
Friday, June 4, 2010
Watch Nifty Rising Wedge in Line Chart Overview
1) Around 5150 nifty has to face resistance. More buying only above this trend line.
2) One hour candle at least should close above this trend line.
3) The index may move above that to 5180 but it may frustrate the bulls before doing that.
Watch Nifty Intraday Update
There is some negative divergence in 5- minute as well as in Hourly too. Caution @ 5160-5200 band or on a close below "Day High ema".As mentioned in the comments section, larger trend remains up.(Day - up; week: most likely to turn up with today's close above 5077)
Wednesday, June 2, 2010
Watch Nifty Triangle Formation in Yahoo 5 Days Chart Overview
Watch Nifty Triangle Formation in Yahoo 5 Days Chart
1) NIFTY Triangle formation in yahoo 5 days chart.
2) If it breaks above which i am expecting 5030 can be seen.
3) If the low around 4960 is taken out then nifty will plunge to 4920 levels.
1) NIFTY Triangle formation in yahoo 5 days chart.
2) If it breaks above which i am expecting 5030 can be seen.
3) If the low around 4960 is taken out then nifty will plunge to 4920 levels.
Watch Nifty Bearish Flag a Continuation Pattern
BEARISH FLAG WHICH TURNED OUT TO BE BULLISH
1) The triangle gave a false break out.
2) Lets hope at least the bearish continuation pattern works well after break out.
UPDATED CHART - I
1) The triangle gave a false break out.
2) Lets hope at least the bearish continuation pattern works well after break out.
Tuesday, June 1, 2010
Watch Nifty PreMarket Overview
A correction is on - Use ORB for confirmation only.
Many are asking whether a mechanical system can be made out of the "Tech. table" ?? - May be. I never tried it. I use the tech table as a reference point only...a confirmatory tool as I do with indicators and others. I have the time to study the market in its complexity and try to feel its pulse.
But for those who can not afford so much time, there are "Swing system" based on "n" period of high/ low breach play (Eg: 5 day swing, 10 day swing, 20 day swimg)or a Follow the macd or a tech.table based "Long on a close above 5-ema (Some swear by 3/7 ema) and so on.
What ever you choose, back test for a period of 2 years spending some time on that research with long trades initiated, whipsawed, etc and the returns and combine the same with some "Profit taking methods". Only when you are convinced, should you put them to trade/ invest.
Many are asking whether a mechanical system can be made out of the "Tech. table" ?? - May be. I never tried it. I use the tech table as a reference point only...a confirmatory tool as I do with indicators and others. I have the time to study the market in its complexity and try to feel its pulse.
But for those who can not afford so much time, there are "Swing system" based on "n" period of high/ low breach play (Eg: 5 day swing, 10 day swing, 20 day swimg)or a Follow the macd or a tech.table based "Long on a close above 5-ema (Some swear by 3/7 ema) and so on.
What ever you choose, back test for a period of 2 years spending some time on that research with long trades initiated, whipsawed, etc and the returns and combine the same with some "Profit taking methods". Only when you are convinced, should you put them to trade/ invest.
Why do I have both "Buy" & "Sell" suggestions - because Nifty is at another inflection point. There is a clear possibility of moving higher post this correction. Monthly charts of many stocks too give such an indication.
A correction is on and it may resume the downtrend for one more new low.
In sum, you sell first and then buy - Ohhhhh- that is trading..you got it.
Watch NIFTY 5 MINUTES PATTERN (Diamond)
Yesterday nifty formed a diamond pattern in 5 minutes. The pattern was not perfect but was very effective.
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