2007-06-25 00:46:42 · 3 answers · asked by Jasper S 2 in Business & Finance ➔ Investing
Hi Dear,
Short Term/daily Trading is like mind game. If you are strong go ahead.
Long term trading is requires outstanding patience, say you purchase a share for Rs 10/- with a target of Rs. 20/- within 3-6 months time and at the end of 3rd day, it's at Rs. 18/-. What will you do??? Take the profit or wait for your target profit??? On the other hand, say the price goes down to Rs. 6/- within few days, you will cut the looses immediately or wait for price to go up and shall reach your target profit???
I always advice my friends to invest for short to medium term which varies from 3 days to 10 days trading and preferably only in Futures or in Options which have 1 month time to square off the position.
As your question reveal that you are a new in the market, I advice you to do some homework first, learn the art of trading, read few books and learn basics of technical analysis. Make some friends on the internet who are investing in stock market and than go ahead.
Stock Market is a very risky Place, so play your cards carefully,
All the best
Rahi
(N.B. don't forget to rate)
2007-06-25 02:51:11 · answer #1 · answered by mhmfinance 1 · 0⤊ 0⤋
In this article we are going to take a look at the several different ways in which it is hoped that you will be able to make money trading Binary Options online https://tr.im/OptionsTradingStrategies
there is no secret formula to making profits consistently when trading any kind of Binary Options, by having a well throughout strategy in place you may find yourself making plenty of profitable trades.
2016-01-15 08:49:53 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Yes
2007-06-25 01:06:08 · answer #3 · answered by Common Sense 7 · 0⤊ 0⤋