Bitter Truth Of Stock Market
Truth behind trading in the stock market. There are a lot of advisors in the stock market (i.e. so called 'Technical Analyst') who keep predicting levels of the security weather it is a 'Stock' ( e.g. Reliance, Tata motors, Cipla etc.) or an 'Index' (e.g. Nifty, Bank Nifty etc..) with so much of conviction that you can't stop yourself besides believing to those. My first question is how can you predict the price? There are not only a few people who are making the price but billions of people's minds are working behind the price movement. How can you read those minds? Anyhow they start predicting with daily price levels, weekly price levels, monthly price levels and so on. Which is leading to people a tendency of speculation. Just try to understand what happens in the stock market. These people predict the price with so much of conviction that you have no other choice but to believe them. When the price goes up they come up as a 'HERO' . Hey !