Top 3 important tools for the Stock Market

Writer-Mcx Sure Gain

Trading in the stock market is a common challenge because no one knows the future of any stock with 100% Accuracy. However, the technical analysis is a method which can give a forecast of up to 75%. The perquisites for doing auto robot trading are charting platform with appropriate charting tools and the historical data for the particular stock.

MT4 or Metatrader 4 is the best charting platform which we can use for analyzing the stock market. It comes with the live data feed of various exchanges such as MCX, NSE, COMEX, FOREX, and Bit coin. The Metatrader is an awarded trading platform for trading in the FOREX market but, in India trading automatically is not opened for the retail traders. Indian’s can avail the benefit of its charting tool for making profitable trades. Metatrader is very easy to use software, and it comes with all charting tools as well as it allows building or install custom-made strategies. Most of the indicators are available in the default indicator list such as MACD, Moving average, Bollinger band, RSI, ADX, Stochastic, Zigzag.

Metatrader Demo account comes with some significant FOREX currency pairs. However, forgetting the data feed of Indian markets such as NSE and MCX, it comes along with a nominal charge of 499 INR monthly. MCX Sure Gain is the leading vendor of the data feed for MCX and NSE. After taking the subscription, you can become your analyst and can increase the ratio of booking profit into the trades. MCX Sure gain also work for the traders who do not have any knowledge about the charting and the technical analysis. Some other custom indicator comes on the market which gives clear indication about the direction of the market or the stock. The combination of indicator and the live data feed called “Auto buy and sell signal software.” It helps to take decisions quickly as it comes with sound and popup alerts. Whenever Market gives a trend change in any direction, it notifies about the difference immediately. It saves so much of the time because while using the auto buy and sell signal software; we do not need to stay in front of the computer all the time.

Now I am turning this blog to another new and very advanced technology called Auto Robot trading or Algo trading.

Algo trading means algorithmic trading in which trading performs automatically on the basis or any decided formula. In the foreign exchanges, auto trading is allowed for the retail investors, so they have the inbuilt auto trading feature in their trading platform. However, in India, the algo trading feature is not available on brokers trading software. We either use the API given by the brokers, or we use a third party connectivity tool called bridge. The bridge can take the signals from MT4 charting platform and place the order accordingly into the trading platform. It covers all major trading platforms such as ODIN, NEST, NOW, Trade Tiger, PI and Zerodha Kite.

Conclusion:

In this blog, we have covered all essential techniques for doing trading smartly and profitably. Traders who like to have the demonstration of the above services can visit the official website of MCX Sure gain. Whatsapp: +91–9555455557 or write us at ccare@mcxsuregain.com