Wise Investing

 Educating Your Children on Finances Ages 3-6. Their eyes are on everything. At this young age, children are like little sponges, learning and soaking in everything. This means they catch more than you think! This is a great time to introduce key financial concepts that they can carry throughout their lives. One study from the University of Cambridge found that money habits in children were formed by the age of 7. When they get money for a birthday or holiday, have them save it in a clear piggy bank or jar. At this age, humans are visual creatures. As they see the amount of money grow they will get excited. Each time you add money, use this as an opportunity to count what they have saved. Help them set a goal of something they would like to use the money on. Activities teaching how to save and the importance of patience are important in this early development in showing sometimes you have to wait. Remember that young children have a short attention span so it is important to keep t...

 Support and resistance trading strategy Using support and resistance levels as a trading strategy is one of the very basic methods of trading. It can be used to manage risk and place stops, determine the market conditions, and find appropriate entry and exit positions. The most common trading strategy using support and resistance levels is buying (going long) when the price is closing in on the support level and selling (going short) when the price is moving closer to the resistance level. However, traders should wait for some confirmation that the market is still following the trend. Placing stops and limits below support and above resistance is also recommended. It helps traders to close a position quickly if the price breaks through levels of support or resistance. Before you place the trade, consider your profit target and what you consider to be an acceptable level of loss, then decide on your exit points near the support and resistance levels. Another strategy used in suppor...

Lets understand whats is going in & out  Foreign investors continued their relentless selling in the Indian equity markets in August, offloading shares worth Rs 21,201 crore due to the unwinding of the yen carry trade, recession fears in the US and ongoing geopolitical conflicts. This came after an inflow of Rs 32,365 crore in July and Rs 26,565 crore in June, data with the depositories showed. Foreign portfolio investors (FPIs) infused funds in these two months on the expectation of sustained economic growth, continued reform measures, better-than-expected earnings season and political stability. Before that, FPIs withdrew Rs 25,586 crore in May on poll jitters and over Rs 8,700 crore in April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. According to the data, FPIs withdrew a net amount of Rs 21,201 crore in equities so far this month (August 1-17). So far this year, FPIs invested Rs 14,364 crore in equities, data with t...

Hello, traders In a market situation, swap zones in trading are formed as a result of a change in market direction. When the trend changes, the price often returns to the previous support or resistance line. This is due to the fact that participants often use the lines as reference points for trading decisions. Swap zones can be used by traders to identify optimal entry-exit points for trades. For example, a trader can open a long position when the price is approaching support or a short position when the price is heading towards resistance. What is a Swap Zone  Swap zone in trading is a price level that was previously a support and then became a resistance, or vice versa. It represents a part of the chart where the price pauses or rolls back. It is formed as a result of a change in the trend direction. Swap zone is easy to use to identify reversal points. For example, if a price is in a rising market and is pulling back to support, it is a signal that the trend may resume. In orde...