Day Trading Techniques Without Technicalities: More than 30 simple and profitable strategies to trade in stocks, commodities, index and forex markets.

by Arulpandi P

The book explains in lucid style scientific ways of deciding what to buy and sell, when to buy and sell, at what price to buy and sell, what profit margin to aim at and where to set stop loss to minimise risk. The book shows that day trading is not necessarily a gambling or speculative activity but it is a science of reading the market correctly and taking right decision at right time and win the game.Part I of the book explains 17 techniques, tricks and tactics that do not involve any technical analysis tools and indicators. Part II explains six most reliable technical tools and indicators in simple terms-in very simple terms-so that even a beginner can start applying these newly learnt techniques to virtual trading profitably. ADX Indicator tells the reader-traders whether the current rising trend of a stock is strong enough to buy and the falling trend of a stock is strong enough to short. Average True Range Indicator tells the traders how to fix stop-loss in such a way that maximum profit and minimum risk of stop-loss trigger are ensured. A chapter on Support and Resistance explains why a stock often hesitates to fall below a particular level called support zone and to rise above a particular level called resistance zone; the chapter tells the traders how to use these concepts of support, recovery and pivot points in their day-to-day trades profitably. Similarly a few highly reliable technical indicators that give prompt and accurate trade signals have been explained. Part III explains how Simple Moving Averages, Exponential Moving Averages and Moving Average Convergence and Divergence which, by crossovers, promptly alert traders when to buy and sell and book profit. It explains how Relative Strength Index, Stochastic and Bollinger Bands promptly indicate the overbought and oversold conditions of a stock and alert the traders that it may or may not be the right time to buy-sell.With more than 30 techniques explained in this book, you will learn to trade with rational trading decisions backed by tested strategies that are being followed by successful traders in stocks, futures, index, commodities and forex.

80 pages, Paperback

Published May 22, 2021