I will be very thankfull to someone who gives me advice as I have already lost lot of money this days. At present I have short sell Niftyfut.
Definitions time folks:
Savings – reserve funds invested in a safe vehicle to protect ones assets and receive a small return in exchange for giving up current purchasing power.
Investing – putting capital at calculated risk in order to achieve higher returns.
Trading – Speculating on short term movements of securities prices, involves high levels of personal risks but provides benefits of providing extra liquidity & effecientacy to securities market.
Now professional traders, a) have the financial ability to withstand prolonged periods of losses, b) understand there is no "perfect" method, and c) even if they had found something even bordering on effective, wouldn't distribute it freely as it would dilute the efficacy of their method (And with the current state of the mortgage markets we're learning just how falliable even those "propietary" methods can be).
Sounds like you need to back up. Start building your savings, then your investments. After that, if you must, you can start a trading account. But, honestly I've made far more in two years of investing, than I did in 10 years of trading. (Simple math lesson one, if a stock drops 50%, from that point it has to go up 100% for you to break even — meaning minimize your loses is more vital than maximizing your gains).
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