
The stock market can feel like a foreign language - charts, tickers, bulls, bears - where do you even begin? In this episode of Candid Confessions, we strip away the jargon and take you step-by-step into the basics of stock trading. From understanding how the market works, to learning the key terms, to figuring out your very first trade, everything you need to learn about trading, straight from VISHAL B MALKAN, the guru of trading. If you’ve ever wondered how to turn curiosity into confidence in the world of stocks, this is your beginner’s guide to trading.
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GUEST: VISHAL B MALKAN: India's Top Trading Coach & Co-Founder Malkan's View
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CHAPTERS:
(00:00) What to expect in this episode
(02:46) What is trading and how is it different from investing. What are the different kinds of trading. Scalping, day trading, BTST, swing trading, positional trading, short, medium and long term investing.
(8:57) What is the difference between a short time frame and longer time frame of trading.. Why is day trading still the most popular, and the risks involved with it.
(10:40) Why is trading considered to be like gambling? Why do people get addicted to it even though they may be seeing heavy losses. What is revenge trading and the dangers of it.
(16:04) Does a specific kind of background or educational qualification help in trading better? What kind of people can trade.
(18:47) Importance of learning the value of money for children. Importance of learning communication skills.
(22:33) What are the most common mistakes a person makes when he starts trading as a fresher.
(24:45) What is a decent amount of capital to begin with when starting out the first time.
(26:20) What is a good risk to reward ratio? How do I judge if I am trading well or what I need to change or focus on.
(28:11) What are the different tools or apps one can use to trade.
(29:30) Is trading a full time job? Can I trade as a side business? Is it still lucrative? What is the best type of trading to begin with?
(31:22) Why is trading not to be done on chat GPT or any kind of AI tool. What can AI be used for when it comes to trading. Why is trading analysis different for different traders.
(35:51) How is the global market different from the Indian market? How does it affect my trade?
(38:10) How to study the current market trend for the next few months and how to reach an analysis to do a profitable trade.
(41:40) How much of a good trade is intuition vs analysis
(42:49) Do the test by clicking on the below mentioned link to know your knowledge about trading. See where you currently stand. Also check out this free masterclass.
(43:34) Closing thoughts