|Author: Venkiteswaran. 26 Dec 2015 Member Level: Diamond Points : 3 (Rs 3) Voting Score: 0|
I do not question the technical indictors per se. But if you are a beginner then let me tell you that technical indicators are not the only ones to affect or control the markets.
Many times it is seen that the stock market is not as transparent and complying as many innocents or naïve investors think it to be.
There are many behind scene manipulations, syndicates, private strategies like in many other businesses.
As it is your own money, you must be very prudent . We only hear the success stories. But there are any number sob stories of people who lost heavily.
So start with common sense, caution and precaution, general alertness and going by what is propagated.
Watching with eyes wide open and not falling to temptations of greed and easy money can work as some check.
But you can read the books and daily newspapers, Tv channel reviews and the financial magazines in this regard and keep the information as support in your selection of the stocks, the price and timing. Ultimately it should be your own decision how to take care of you money that should decide.
|Author: Partha Kansabanik 26 Dec 2015 Member Level: Diamond Points : 1 (Rs 1) Voting Score: 0|
Mr. Venkiteswaran has given a detailed answer. In addition to his reply, I would like to say that mainly short-term traders depend on technical analysis. Long-time investors who want to have a inflation-proof substantial returns from the market, depend more on fundamental analysis and macro-economic conditions, although technical analysis is not ignored completely. If you want to learn technical analysis, I would advise you to check detailed material available at Investopedia (www.investopedia.com).