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Trading and Investing - Beginner
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<blockquote data-quote="mach9" data-source="post: 2138600" data-attributes="member: 16657"><p>Intraday is not recommended for beginners. It requires a lot of familiarity and has a lot of risk because it's mostly driven by technical strategies exclusively and requires one to follow live prices. If you have no insights into stick behaviour and more importantly traders psychology especially now that the equity markets are over heated is strongly recommend you not get too deep into intraday.</p><p></p><p>To me intraday is more closely aligned to calculated gambling if there's ever such a thing.</p><p></p><p>I'd recommend you first start with basic delivery based technical strategies based on basic stock chart analysis using most common indicators. Learn the basic patterns of Japanese candles, indicators like MACD/Stochastic/Bollinger's/moving averages etc</p></blockquote><p></p>
[QUOTE="mach9, post: 2138600, member: 16657"] Intraday is not recommended for beginners. It requires a lot of familiarity and has a lot of risk because it's mostly driven by technical strategies exclusively and requires one to follow live prices. If you have no insights into stick behaviour and more importantly traders psychology especially now that the equity markets are over heated is strongly recommend you not get too deep into intraday. To me intraday is more closely aligned to calculated gambling if there's ever such a thing. I'd recommend you first start with basic delivery based technical strategies based on basic stock chart analysis using most common indicators. Learn the basic patterns of Japanese candles, indicators like MACD/Stochastic/Bollinger's/moving averages etc [/QUOTE]
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