Invest For the long haul. Do not get too greedy and do not get too scared.
Phone Trading
- Choose a Stock Trading App: Select a reputable mobile application that allows you to buy and sell stocks directly from your smartphone. Some popular options include Robinhood, TD Ameritrade Mobile, E*TRADE Mobile, Fidelity Mobile, Charles Schwab Mobile, and Interactive Brokers Mobile. Each app offers its own set of features, so you may want to explore multiple options before making a decision.
Candles
In the context of the stock market, candlestick charts are graphical representations of price movements for a specific period of time. Each candlestick typically represents one day of trading activity, although other time frames can be used as well (e.g., hourly, weekly). Candlestick charts provide valuable information to traders and analysts regarding price action and market sentiment. Here’s a breakdown of their importance:
Visualization of Price Movements: Candlestick charts provide a visual representation of price movements, making it easier for traders to interpret and analyze market data compared to traditional line charts.
Identification of Trends: Candlestick patterns help traders identify trends in the market, such as uptrends, downtrends, or sideways movements. Patterns like “bullish engulfing” and “bearish engulfing” can signal potential reversals or continuations of trends.
National Stock Exchange
The National Stock Exchange (NSE) is a leading stock exchange in India. It was established in 1992 and is headquartered in Mumbai. The NSE was set up as a demutualized electronic exchange to provide a modern, fully automated screen-based trading system with national reach.
The NSE plays a crucial role in the Indian financial market by facilitating efficient trading of various financial instruments such as equities, equity derivatives, debt instruments, and currency derivatives. It operates on a fully automated trading system called NEAT (National Exchange for Automated Trading), which ensures transparency, efficiency, and fairness in the trading process.