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Showing posts from November, 2012

What is Technical Analysis?

Technical analysis is a science of chart reading for identifying the market trend. It is used in shares, commodities and currencies. Technical analysis help us to determine future price with previous price levels and volume. It shows the mass psychology of traders and speculators. Thus, chart analysis act as a tool for market prediction.
           No one can control the market. It is a place for competition of  bulls and bears. So market is guided by human emotions and reactions. Each trader should know the influence of  this  phenomena. Technical analysis is the art of understanding mass psychology. It reveals the supply- demand mechanism in each scrip. For accurate analysis ,experts use technical indicators and chart patterns at charting softwares. If we are getting the prevailing trend of the market, 50% job is done.Theories such as Elliot Wave,Dow are famous among students. However traders use technical indicators such as Moving Averages, Ichimoku, Relative Strength Index, Stochas…

Financial Mastery

Financial mastery is the art of abundance and wealth creation. It is a superior level of personal finance management. how an individual attain financial freedom? Is it a difficult task or easy one? Normally, people are confused of financial goals and planning.Financial mastery provides the structure of financial discipline and well being.Follow these simple tips:
           1.Change your expenditure pattern. because if you control your expenditure, savings will rise. Without saving, investment is not possible. So, mastering the art of saving is the corner stone for attaining financial freedom.
           2.Next step is the identification of investment opportunities as per the risk profile.Wealth creation is the result of right investment at right time.You cannot create wealth from bank deposits.You have to search the business opportunities or investing.Real estate and value stocks provide yield in long term.
           3. Reprogram your mind and thoughts for financial well being.Nega…