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Which Degree Is Best for the Stock Market?
Best Degree Courses to Become a Stock Market Analyst You can lay hands on these courses at the degree level or qualify for the certified course that can benefit you in making an entry into the stock markets. They are as follows: You can pursue a degree by opting for subjects like Economics, BusinRead more
Best Degree Courses to Become a Stock Market Analyst
You can lay hands on these courses at the degree level or qualify for the certified course that can benefit you in making an entry into the stock markets. They are as follows:
You can pursue a degree by opting for subjects like Economics, Business Finance, Corporate Finance, or Master in Finance Management.
Technical Courses:
In a broader context, if you hold a degree in any of the stated subjects you can gain a grip on the stock market businesses in a short time.
To list them, they are Statistics, Physics, Engineering, Applied Mathematics, and computer science.
I would like to add a bit of information on the stock markets and you must realize from it that stock market trading is more than obtaining a formal degree.
Stock market trading is absolutely a logical game where you turn the trade in your favor on your investments.
At a personal level, I would say you need not bother much about the educational background as it requires a different set of skills.
Below are the important elements you require to build your trade in stock exchange yet a list of academics have been mentioned above that can help you in providing sufficient knowledge on finance, stock exchanges, and other relevant issues.
Important Elements for Building Your Career in Stock Market
Skills, Research, Analysis: Entry/Exit Stock Positions
In real-time stock trading, you will need to exhibit skills and conduct research and analysis on the operating stocks in the stock markets. You will have to make changes in the exit positions depending on the market conditions.
Strategies & Tactics:
The stock markets may move upward, downward, or sideways and sometimes may not be in your favor yet you will have to be in the trading and sought for alternate means.
They will include the establishment of new positions and attempting to make fewer losses by covering up the losses by shifting the exit positions.
Discipline & Patience:
You must maintain discipline and hold patience through the process of executing your trade plan.
Record Maintenance:
You must maintain a record of the facts that involve buying/selling of stocks, and even mistakes committed in the previous trading sessions.
See lessWhy am I Losing Money in Stock Market?
Reasons Behind Failure in Stock Market Millions of investors make an entry into the stock markets like NSE/BSE, NASDAQ, etc just to make profit on their investments. Only 2 or 3 investors out of 100 investors make a dent in the stock trading and the rest fade out, they incur heavy losses. Why is itRead more
Reasons Behind Failure in Stock Market
Millions of investors make an entry into the stock markets like NSE/BSE, NASDAQ, etc just to make profit on their investments.
Only 2 or 3 investors out of 100 investors make a dent in the stock trading and the rest fade out, they incur heavy losses. Why is it so?
In stock markets, you may lose money for various reasons,
First, you may not have adequate skills to drive in the markets and face the trading challenges.
Second, you are skilled but driven by emotions, and over expectations on the invested money. Thus, experiencing a collapse in the stock trading circuits.
In the first case, you need a type of preparation that enables you to understand the stock markets, operations, functionaries and various kinds of trading techniques.
Making money on stocks is a continuous learning process and you will have to update knowledge from time to time.
Economics and Statistics play a prominent role, realising and analysing the statistical data properly will put your trading in the right track to succeed.
Stock trading becomes beneficial by following certain ground rules that are:
It reduces your risk at stock markets thereby lessening the probable losses and increasing the winning chances on trade.
Select a market entry position on stocks gathering high volume trade, and experiencing high volatility. Likewise, exit positions from the markets after making a good profit margin.
Entry and exit positions that are the plug-in, plug-out from the stock markets should be executed only after a detailed technical research using candlestick charts.
Experts make use of simple moving average techniques, exponential moving average techniques, combination of different time frames such as 200 day SMA & 5 day SMA, Moving Averages of Convergence & Divergence, MACD.
From this, it is evident that before getting into stock markets, you must learn to evaluate the acquired stock statistical data for the right kind of decision.
In the learning process, you will be exposed to candlestick patterns the most sought for, in the stock market analysis.
In nutshell, you must possess all qualities mentioned below to make overcome losses in the stock markets:
Learn the inside out of the stock trading operations in the NSE/BSE.
Keep a track of all stock market activities for future references.
Be associated with a good mentor who can guide you in the time of crises.
After every trade, carefully analyse and learn from your own failures. Be mindful to learn and avoid the mistakes that occurred in the previous instances.
In the hectic stock market trading, you may get stuck unconditionally, and without hesitation you must seek the help of an expert.
Never make a blindfold investment, never get carried away by others’ advice.
See lessIs Trading a Good Career in India?
Stock Market a Full Time Job, Good or Bad? Stock Markets provide full time jobs to the financial professionals and you can even find jobs in the contemporary format in different financial scenarios. Do complete the information in bullets, and know about different jobs in stock markets, similar jobRead more
Stock Market a Full Time Job, Good or Bad?
Stock Markets provide full time jobs to the financial professionals and you can even find jobs in the contemporary format in different financial scenarios.
Do complete the information in bullets, and know about different jobs in stock markets, similar job profiles that are applicable in other stock market scenarios.
Job seekers maintain their own discipline and preferences on their chosen job profiles are hugely dependent on the pay packages.
It is natural that the attractive pay packages are incentives to professionals at stock exchange, like any other job locations.
In India, two stock exchanges namely NSE/BSE are highly noticeable and create a huge buzz during the trading sessions. With lots of financial transactions in these stock exchanges, you can observe professionals of different job setup accommodating the markets just to make the stock markets move on.
Different professionals comprising specific job profiles come under one umbrella and conduct the essential trading operations to support the very cause of it, i.e., stock trading.
These professionals in the stock markets engage traders, investors, institutions, corporates, etc in the sphere of stock trading.
Stock Markets Accommodating different Job Profiles:
Willing, you can join stock markets for various job profiles such as Market Research Analyst, Dealer, Trader for a package ranging over and above ₹2 lakhs.
As investors can approach you for clarifications, or you need to derive fundamental research for publishing then you can dream of fitting into a job profile financial analyst positions, for packages ranging over and above ₹4 lakhs.
You may have an opportunity to move-in as a risk analyst for a package ranging over and above ₹4 lakhs , analyse risk funds, or stocks and provide guidance to investors/traders on adopting better ways to avoid risk in trading.
You can opt for an equity analyst for a package ranging over and above ₹5 lakhs profile where you will mainly be put on equities to realise its impact in the stock trades.
You too can evaluate and judge on the equity markets for providing guidance to investors/traders etc.
You can begin as an investment consultant for a package over and above ₹5.5 lakhs , do research on banking investments and open doors to the traders/investor.
Your timely advice can protect them from financial losses.
One of the most challenging jobs is the technical analyst and the package ranging over and above ₹7 lakhs.
You can guide the traders/investors by making technical evaluations that adopt candlestick trading patterns to describe the stock trade volumes, Volatility, possible entry/exit position.
You can employ exponential moving averages, moving averages convergence divergence, MACD to evaluate the upper circuit and lower circuit patterns and caution traders by halting those stock trading that hit the upper/lower circuit.
Stock Market Job Profiles Fit-in Financial Scenarios
You can apply for the jobs in different financial scenarios as mentioned above for the stock exchanges.
The companies/firms/institutions associating with stock markets can be taken as Insurance companies, Research organisations.
In addition, you can plan for the self-employed traders, stock brokerage firms, media organisations, multinational corporations.
Stock market job profiles do apply in organisations like mutual fund and pension fund service providers, and financial consultancies.
See lessIs the Stock Market a Good Choice for Housewives?
Stock Market for Housewives, Good or Bad As a housewife you can take a kind of trading that suits your appetite, it could be intraday trading, scalping, swing trading or even futures and options trading. After discharging your household duties, it may be possible to sit in front of a desktop or opRead more
Stock Market for Housewives, Good or Bad
As a housewife you can take a kind of trading that suits your appetite, it could be intraday trading, scalping, swing trading or even futures and options trading.
After discharging your household duties, it may be possible to sit in front of a desktop or operate a mobile smartphone on the move.
Let me elaborate a few types of trading that demand time contribution for stock trades.
If you are able to spend a few hours in a week towards stock markets then swing trading is the best way to earn good money.
You have the opportunity to make profits in stock swings in the price fluctuations.
You can adopt time and tested strategies but you must be patient and calm, and put away emotions during trading sessions.
If you are free and away from domestic work between 09:15 am to 03:30 pm then intraday trading can prove beneficial for you.
If you are able to study, analyse, and read trade charts for a while then intraday trading is the best. And, remember it is called a buyers market, which means, you are at an advantage to buy stocks.
It may need slightly more money but you can take the financial help from your stock brokers. They will cushion your investment by at least five times the basic trading capital you are interested to put in.
Future option trading will require an investment and your money gets stacked for at least 6 months.
You will have to regularly read the markets and rearrange the exit positions for selling your stocks if necessary.
It demands huge patience but here you can earn more money than usual.
Option trading also utilises the best strategies and you can make good money on stocks that trade on huge volumes, and maintain volatility.
In fact, the same applies for all sorts of trading as mentioned above for you.
Stock Brokers in India
As said above, there are many stock brokers who will help you to fulfill your trading purposes.
To list a few, Zerodha Discount Brokerage, MoneyControl, ICICI Direct, Angel One, Sharekhan, and Upstox and many more.
These brokerage companies run competitively, and you can trust them because they have higher market credibility.
All brokerage companies mentioned above provide detailed guidance offline and online.
You will also be briefed with fundamental terms, procedures and processes involved in trading and even provide you with the right tips to buy and sell stocks in trading.
The blogs corner of these brokerage companies give ample information on trading aspects, important news, and critical analytics also.
You will be taught to use the trading candlestick charts in a systematic manner that will be beneficial to execute your trade plan.
Online Stock Trade Trainers:
There are many traders who are offering free YouTube channels for stock market, you can watch the videos and practice the strategies on paper trading websites.
After taking an introductory class, you can join the online course on different topics and future learn trading tips from experts.
Some of the well established trainers who can support your learning needs are as follows: FinnovationZ, Elearn Markets, & Trade Brains.
In addition, you can aspire to learn at Ghanshyam Tech, Nitin Bhatia, Trading Chanakya, PR Sundar, Groww, and ifmcinstitute online course, one of the finest stock trading courses.
See lessCan I Become a Millionaire by Trading?
How to Become a Millionaire by Trading Millionaire, You will think it over twice before you open up with such a statement, had you known with actual facts that govern the trading environment. Every year, about 4 crore investors make investments in different kinds of trading either make or lose moneRead more
How to Become a Millionaire by Trading
Millionaire, You will think it over twice before you open up with such a statement, had you known with actual facts that govern the trading environment.
Every year, about 4 crore investors make investments in different kinds of trading either make or lose money.
For instance, Only 2% to 3% investors make gains and rest either withdraw or fade out in stock trading.
You can trade money and be a prospective winner in the stock market at the cost of high risk endeavors.
Follow a Pattern to be a Millionaire
Keeping in the following concerns, you can make money and move successfully in the path of millionaires.
The placement of these factors in the right mold can create an uninterrupted success in your stock businesses.
These factors are market conditions, responsive trading strategies, emotional, and the mind-set.
Rakesh Jhunjhunwala, an exponent of stock trading, is also known to be ‘the Big Bull.’ While making his asset base, he invested in day trading and other prominent trading platforms.
With beare INR 5000.00 investment in less than three decades time he amassed over INR 15,000 crores.
Yes, you too can reach your set target of 1 million, by stepping it into Intraday trading, by using multiple timeframes and multiple trades daily.
You can earn small profits but do not overtrade, otherwise you are likely to make a loss dent.
Experts reveal a startling figure, the national average salary of an Intraday trader is INR 51210.00 per day.
The key figure of Intraday earning is defined on the amount of trading capital you are putting daily in the stock markets.
You can make high earnings when you encounter good liquid stocks and high volatility during the trading sessions.
Tips to Become Millionaire in the Stock Markets:
You must regularly monitor your stocks and also change positions when it is required to counter the financial losses in trading.
Adopt stop loss techniques to prevent unprepared stock variations that can make you penniless in trading.
Utilise the margin technique to make big profit returns on your investments
Your stock broker shall provide you with a cushion of five times the trading capital.
See lessHigh Probability Swing Trading Strategies
List of High Probability Swing Trading Strategies The best and high probability swing trading strategies are Connors RSI2 strategy, double seven, and 3 bar play techniques. Swing trading has picked up popularity because it features wonderful advantages to the investors. You can hold the stock youRead more
List of High Probability Swing Trading Strategies
The best and high probability swing trading strategies are Connors RSI2 strategy, double seven, and 3 bar play techniques.
Swing trading has picked up popularity because it features wonderful advantages to the investors.
You can hold the stock you purchase for a period of days to a few weeks and that gives you ample time to decide on buying and selling of stocks.
Unlike Intraday, you do not have a deadline to sell trades within a day of purchase thereby becoming a part time job to earn good money.
Although you make money when the stock price rises from 2 to 3 percent above the bought price it is still risky to trade.
To reduce the risks, you can adopt time and tested methods to earn, and they are Connors RS12 strategy, double seven, and 3 bar play.
Connors Relative Strength Index 2, RSI2, Strategy:
In stock trading, the high volume and high volatility of the stocks causes a steady flow of buying and selling of stocks. The stocks keep moving upward, downward, and sideways and you buy stocks when prices are low and sell out on reaching your chosen selling price.
In this process, it is important to identify from the graph charts when the stocks are overbought or oversold in the stock markets.
Larry Connors made an attempt to analyse a situation when an overbought or oversold condition is reached.
In his technique, he has combined RSI and moving averages together for identifying those aforesaid trading regions.
According to Connor,
In RSI(2) strategy, you can have a chance to partake in the ongoing stock market trends.
You must consider buying pullbacks, and not breakouts.
Traders should sell oversold bounces, and skip the support breaks.
Traders have developed newer swing trading strategies that utilises mean reversion.
Entry Position:
You must enter the stock market when the price is well above the 200-day moving average.
Exit Position:
You should exit the stock market at a price when it closes below the 5-day moving average.
Double Seven Strategy:
Double Seven strategy is a time and tested trading strategy and you can know about it @ Short term trading strategies that work.
Before publishing this strategy in a book form, it was worked upon by Cesar Alvarez, and Larry Connors.
In due process, it has been tested on various ETFs, and the average profit factor you can gain is from 0.37 to 1.32.
The double seven trading strategy is a mean reversion strategy.
You are advised to buy the stocks when trading signals take a dip and sell on the trading signal rise that is on strength.
Basic Techniques of Buying & Selling in Double Seven Strategy:
You must select a stock that must have traded at least a 200-day moving average.
In case, the stock experiences a 7-day low, then you must get ready to buy.
You must be prepared to sell your bought stock at the same position if the stock price is at a 7-day high.
3-Bar Play Strategy:
Traders wanted to identify the potential reversal in the trading patterns during the stock market trades. Experts came up with a seal proof technique that gave adequate strength to the investors to progress in the reversal trends of a stock market.
3-Bar Strategy Layout:
It is a combination of the candlestick patterns and moving averages and has been proved beneficial after doing several backtests and then put to live.
You will have to visualise the trading signals on the bar chart patterns that do employ candlestick techniques.
It contains four types of 3-bar/4-bar play patterns and they help you realise the most common three bullish and three bearish trends.
By approaching this technique, you can spot the chart patterns easily and is usually adopted in intraday trading, and scalping techniques.
See lessSwing Trading vs Scalping
Swing Trading vs Scalping Swing trading and scalping have similarities but are distinctive too. You can make swing money in small chunks and such summed money can really make a difference. In swing trading you perform trading in days’ time and make a reasonable amount out of your investment. In gisRead more
Swing Trading vs Scalping
Swing trading and scalping have similarities but are distinctive too. You can make swing money in small chunks and such summed money can really make a difference.
In swing trading you perform trading in days’ time and make a reasonable amount out of your investment.
In gist, swing trading and scalping can be classified under short-term trading and you will have to employ specific strategies which do serve the very purpose of making money.
If you want to make scalping a source of income then you will have to perform numerous trades daily by maintaining a brief period on every position. The brief period in a trade can range from a few seconds to a few minutes.
From it, you can make a small profit and you will experience a little risk factor.
The swing trading is completely different, you will have to identify the highs and lows of the trading signals. If the trend is conducive then you can reap good returns over a long time frame.
Scalping does demand a steady and a quick analysis of the trade charts just to draw right inferences.
But that is not the case with swing trading, you will have sufficient time to analyse the stock trade trends by implementing bar charts and the time duration between entry and exit of a trade is high compared to scalping, It can be termed as intermediary.
The time frame analysis of candlestick charts in scalping is from 1-minute to 5-minutes and above and for swing trading the time frame is from one day to 20 day candlestick chart analysis.
You must engage yourself in constant monitoring of trade charts and make absolutely quick decisions whereas in swing trading you can perform a steady analysis and approach the stock trading market in a relaxed manner.
In scalping you will be making many trades and such high trade frequency shall attract high commissions and service fees that makes you lose more money from your generated profits.
And, it doesn’t happen when you entertain swing trading.
See less