Who Can Benefit from Muhurat Trading?
SInce there are so many trades during the Muhurat trading session, it is a good time to buy or sell stocks. Also, the market is usually good because people are optimistic about the economy and stock markets during the holidays because they are thinking about getting rich and being happy. So, the Muhurat trading session is a great time for traders and investors, both experienced and new, to make money.
If you’ve never bought stocks before, Diwali is a great time to start. Look for good companies and buy a few stocks in line with your investing plan and with a long-term view. If you want to get into stock trading, you might want to watch the markets during Muhurat Trading to get a feel for how things work. You should probably do some paper trading as well. Since you can only trade for an hour, markets are known for being very volatile. Because of this, new traders are told to be careful.
As a sign of respect for the good luck of the day, most investors and traders will buy or sell stocks during this session. This means that experienced day traders can also make money during this session.
It may be more important to do something than to make money from it. So, day traders with experience can make money by taking positions after giving them enough thought. This year, the economy has been hurt by the effects of the pandemic on both businesses and people’s lives. Many experts think that the Muhurat trading session in 2022 will be a good one, but you should keep your excitement in your heart and use your mind when choosing trades.
Things to think about before getting into Muhurat Trading
1. Most traders and investors think that now is a good time to put money into stocks.
2. At the end of the trading session, all open positions will have to meet certain settlement requirements.
3. On October 24, 2022, there will be a muhurat trading session. On October 24, the markets will be closed for Lakshmi Pooja.
4. Traders need to keep a close eye on the resistance and support levels. During Muhurat trading sessions, it has been said that the markets might move in a random way and not go anywhere. So, as a day trader, you will be able to make better trading decisions if you keep the resistance and support levels at the centre of your trading decisions.
5. Before investing in a company’s shares for the long term, investors should make sure they still believe in the company’s core values. Most of the time, trading during Muhurat is very exciting, and rumours can spread quickly. Keep things simple and invest based on your investing strategy and how much risk you can handle.
6. Since the trading window is only open for an hour, if you want to make money from the volatility, you should be careful to choose stocks that have a lot of trades.
7. Investing during this time frame does not guarantee a return. Even if the stock has a good Diwali, its performance in the future will depend on how its fundamentals and macroeconomic factors change.
Make use of the positive sentiments around Diwali to invest in your favourite stocks. To get started, open your Zebu trading account today.
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