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Money Matters

The workshop kicked off with a discussion on the high failure rates among new traders, highlighting that only 2% achieve long-term success. Devang emphasized that for every person losing money, someone else is profiting. The session then delved into key trading strategies, focusing on technical analysis, risk management, and market psychology. Participants learned the importance of stop-loss orders, managing fear and greed, and trading based on trends rather than emotions. Real-world trading examples, including crude oil trading amid Middle East tensions, provided actionable insights.

The workshop also covered the global macroeconomic landscape, discussing how central bank policies, like those of the Federal Reserve and the Reserve Bank of India, impact markets. Devang stressed the importance of analyzing broader indices, like the NIFTY, before focusing on individual stocks.

Participants were encouraged to start small, with mutual funds for beginners, and build up their trading skills through disciplined practices. Devang Mehra also talked about the uses of pursuing CMT (Chartered Market Technician).

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