Make money online – Buying/Selling Nickel in MCX

 

 

Most people often think, how nice it would have been if I had some extra cash. I could have lived a better life. But they forget the most important lesson of life – NOTHING IN THIS WORLD COMES FOR FREE.

You must be thinking “Ok, how about those make money online schemes that appear on the first page of Google?” Well, many are just scams. The others are not at all easy to do.

So what’s your option?

Online trading in stocks and commodities is a good way of making money.

It is a good and honest way. Numerous people in the world like you and me are doing it. They definitely make money that’s why these markets are thriving. The only catch here is that you have to learn the right ways and have to be very much disciplined.

Today I will show you how Nickel which is a commodity traded in MCX gave money last week. I am using the word ‘gave money’ because if you play right, market will give you money. In fact at times you will make so much money that you will become rich. I trade with charts. So I have given you the charts for your reference. Observe that unlike others I am showing you screen shots for every day separately. This is because I am trying to show you Nickel exactly the way I saw it every single day.

Selling short at 600/- and squaring off the position at 580/-

gave a descent profit in a span of 3 days. This position was taken based on my “3 filter strategy”. As you can see this commodity has hit a resistance and falling from there, there is a trend and finally there is a supportive bearish candle stick pattern. This strategy is very simple and you can also earn some extra bucks by following this rule.

This article is for young and novice traders who want to make some extra money from the market. If you have any queries write a comment below or in this blog’s facebook page.

Make money online with Heikin-Ashi charts

Most profits (and losses) are generated when markets are trending–so predicting trends correctly can be extremely helpful. Many traders use candlestick charts to help them locate such trends amid often erratic market volatility. The Heikin-Ashi technique–“average bar” in Japanese–is one of many techniques used in conjunction with candlestick charts to improve the isolation of trends and to predict future prices.

I would not get into the nitty-gritty of how a Heikin-Ashi candle is calculated. Rather let’s see the below video to understand how you can make money with this technique. Just keep in mind that this method should not be used in isolation, rather it should be used along with the normal candle stick pattern.

 

 

Now that you have seen the video, tell me what you think about it. Is it really going to help you? Or do you need to something more.

Write your reply in the below comments.

Sold Silver

 

In my previous posts I have spoken about taking a position in silver. Well, I hit a resistance so I decided to sell it. I sold my silver. Result is in front of you.

Now what’s important is why did I sell it now. That’s because I saw a resistance and some weakness near it.

There will always be a question,”Can it go up from here?” , “Can there be some more profit to be made?”. Of course that is possible. But as you know I like to play a bit safe.

Thanks for watching my SILVER show!

3 interesting facts of silver you need to know to make money

Silver

  1. Silver has a positive co-relation with gold and crude oil. This means usually when gold or crude oil prices move up silver tends to follow.
  2. Silver unlike gold is not just an investor’s safe haven but also an industrial commodity. Hence its price moves up if the economy is booming.
  3. Ratio between Gold and Silver prices can be 100:1 which is an extreme ratio at the higher level. At the lower level it can be even 17:1.

The essence of trading the gold-silver ratio is to switch holdings when the ratio swings to historically determined “extremes.” So, as an example:

  1. When a trader possesses one ounce of gold, and the ratio rises to an unprecedented 100, the trader would then sell his or her single gold ounce for 100 ounces of silver.
  2. When the ratio then contracted to an opposite historical “extreme” of, say, 50, the trader would then sell his or her 100 ounces for two ounces of gold.
  3. In this manner, the trader would continue to accumulate greater and greater quantities of metal, seeking “extreme” ratio numbers from which to trade and maximize his or her holdings.

Currently this ratio is 69.31:1 for 1 ounce of Gold and Silver in the spot market.