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- Trading in Stocks, Commodities, Futures, Options and other underlying and their derivatives, would simply be referred to as 'trading' in the text that follows, A trader is someone who by his actions, explicit, implicit, statutory, circumstantial or involuntary engages or propose to engage in the act of "trading". A person who actively engages in the act of "trading" is sometimes referred to as "Speculator". Technical Analysis is a body of knowledge, which "speculators" frequently use to make their trading decisions, and which has no scientific basis, and most of it's tenets have been disproved by science.A "technical analyst" is a person who claims to be an expert in the art of Technical Analysis
- Trading often leads to massive losses and in most cases erosion of the entire capital employed.
- Trading requires Expert Knowledge of English Language, Algebra, Statistics, Calculus, Functional Programming, Various Spreadsheet Software, Trading Software, Charting Softwares, Accountancy, Economics, International Business Laws, Investment Banking and other associated disciplines.
- Most Expert Traders don't make money all the time. Most Traders spend 15-18 hours on their trading desks, analyzing data, on expensive, high-end data processing systems.
- Most have customized decision making application softwares which could cost millions of dollars. High Networth Individuals have access to Level II and Level III screens, whose monthly subscription could cost anywhere between 1000 USD to 5000 USD.
- The Author of this blog disclaims himself to be a certified Technical Analyst/Market Technician or certified in any other related disciplines. Also the author of this blog doesn't conduct any seminars, coaching, courses online or otherwise on the subject of Technical Analysis.
- Most of the data collected for processing and displaying on this blog, has been taken from nseindia.com, bseindia.com, finance.yahoo.com, finance.google.com, bloomberg.com and other portals, and all of who have expressly disclaimed the accuracy, adequacy or completeness of the information and material that they have provided. Further they have expressly disclaimed the quality of data fit for trading and or investment purposes. And in all cases the reader is hereby advised to read and understand the respective disclaimers of the aforementioned portals
- The charts, quotes, statistics and other form of information presented here is for entertainment and recreational purposes only, and should not be taken in any other context. Sometimes, the analysis presented by the Author might seem correct, but that could be a coincidence rather than the accuracy of anything presented.
- Most Technical Analysts or Market Technicians trade or "manage" other people's money, rarely do they trade with their own money. Some of them have big portals, where the chief source of revenue comes from displaying advertisements and subscription charges collected for providing "tips and calls". Some have taken to training and conducting courses and seminars on Technical Analysis