Hello friends, Money making is a simple process in Markets but not easy. If you follow certain rules and discipline in Markets, you can easily make money in the Markets by trading or investing. Lets discuss some brief rules of trading by which we can prevent our losses and make a good amount of money in the Markets.
- Start with the weekly chart to establish long term trend. Work through the daily and hourly charts to trade in direction of trend. The odds are better if you are trading in the direction of long term trend.
- 50 Day SMA : Money managers adding to their long term positions by buying at 50 DMA.
- The Maximum time a Support or Resistance level is tested, the greater the odds that it will be broken. Old Resistance will become the new support and the old support will become new Resistance.