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 really easy to do.
So what’s your option? Is online trading in stocks and commodities 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.