Assalamu Alaikum Dosto!
Best Forex Trading Strategies
Forex market mein profit ki strategies dhoondhna asaan nahi hai. Forex market anomalies dhoondhne ka aik best tareeqa hai. Ek Forex market anomaly who hoti hai jo efficient market hypothesis ko rate of return faraham kare. Aaj kal, zyadatar investors is raaye par muttafiq hain ke markets kaafi efficient hain, hatta ke agar who pure form of market efficiency par imaan na bhi karein. Lekin yeh imaan ke markets poori tarah se efficient nahi hain ne bahut se professionals ko naye market advantages aur disadvantages dhoondhne par majboor kiya hai. Haqeeqatan mein, pichle 20 saalon mein ya is se zyada waqt tak Forex market strategies aur anomalies par tehqiqat mein izafa dekha gaya hai. Beshak, aksar aap log naye strategies ko test aur parhne mein dilchaspi rakhte hain, aur is article mein, aap kuch sabse dilchasp aur mashhoor strategies ke bare mein janenge.
Forex Market Mein Trading Strategy Ki Ahmiyat
Trading aur investing strategies ko asaan aur mushkil dono mein taqseem kiya gaya hai. Sab se chalak tareeqay trading robots, do brokerage accounts ko mutual hedging ke sath kholna, aur long aur short position mein ek sath dakhil hona ke istemal se mutalliq hote hain. Amal mein, shuruwati logon ke liye behtar hai ek (preferably simple) tareeqe par qaim ho jana.
Jab yeh maahir ho jata hai aur faiday mand hota hai, to shakhs ek trading strategy try kar sakta hai, apne hunar ko dheere dheere barhate hue. Shuruwat mein, behtar hai ke aap apne deposit ko mehfooz rakhne par tawajjuh dein aur ise sikhne ke baad, ise kisi trading strategy ko chunne mein kharab na hone dein. Ek trading strategy ko qaimi se istemal karna maqsad hasil karne ki taraf le jayega, jise financial istehqaq ke roop mein paya jata hai.
Market ek asaan kaam nahi hai. Dusre log khabron aur jazbat ko manipulate karke aapke capital ko khichne ke liye kuch bhi karenge. Isse rokne ke liye istiqamat aur andaruni investor discipline ki zarurat hoti hai.
Kaise Ek Strategy Ek Speculator Ko Investor Se Different Banati Hai
Forex market mein invest karte waqt, aap apni marzi ke mutabiq apni trading strategy chuntein hain, jise aapki khud ki dilchaspiyon, aapke deposit ke size aur haalaat par mabni hoti hai. Kaam ke taur par, isey do qismon mein taqseem kiya gaya hai:
- Investors
- Speculators
- Investors: Investors Forex ko aik muqarrar waqt ke liye khareedte hain, umid hai ke upside par faida hoga. Unka kaam lambi game khelne ka hai aur who aksar markets mein mojood price fluctuations ko jaan bhuj kar nazar andaz karte hain.
- Speculators: Speculators apne trading styles mein kuch khaas trading strategies ko apply kar ke mukhtalif hote hain.
- Scalping: Scalping aik trading strategy hai, jo buy aur sell price ke darmiyan farq par mabni hai. Scalper bid price par Forex khareedta hai aur foran ek sell position kholta hai, bid price ko specify karta hua. Scalping trading strategy ka ek laazmi shart hai ke market mein itminan ho. Yahan par sudden upward spikes ya breakdowns nahi hone chahiye.
- Swing Trading: Ye strategy ek time frame mein position rakhne ko shamil karta hai, jo aik din se zyada hai. Is taur par Forex low point par khareeda jata hai aur jab price barh jati hai, toh usse becha jata hai. Swing trading strategy ke sab se mashhoor tools hain jo jald se jald capital mein tabdeel ho jate hain.
- Intraday: Speculator position ko kabhi bhi agle din tak nahi le jata. Is strategy par trading ke liye aksar volatile financial assets chune jate hain, aur amuman transaction ki muddat kuch minute hoti hai. Bahut baar intraday trades leverage trading ko shamil karte hain.
Investors ke Types
Jaise ke speculators, investors bhi kuch categories mein taqseem hote hain.- Long-Term Investor: Lambe arse ke liye invest karta hai, aksar fundamental analysis ka istemaal hota hai. Agar technical analysis istemal hoti hai, toh isay mahine ya hafton ke time frame par kiya jata hai.
- Medium-Term Investor: Kuch mahine se lekar ek saal tak ke liye invest karta hai. Yahan mainly technical analysis ka istemaal hota hai.
- Short-Term Investor: Position ko kuch hafton tak hold karta hai, rozana aur ghanton ke time frames par tawajjuh hoti hai.
Ek Trading Strategy Kaise Select Karen
Dono traders aur investors hamesha kehte hain ke trading strategy ka intikhaab aapke maali maqasid, trading style aur aapki zindagi ke maqasid par mabni hona chahiye. Deposit volume, investor ki focused returns ki timing, potential gain ki raqam aur aam taur par mukhtalif hone wala kaam bhi dhaayan mein lena chahiye.
Aik shakhs, jiska rozana kamai trading par depend karti hai, short-term investments aur speculations par mabni hoti hai. Who trader, jiske liye trading sirf kamai aur capital growth ka aik zariya hai, medium- aur long-term ke tareeqon ka istemaal karta hai.
Basic Forex Trading Strategies
- The January Effect: January Effect who tend hai jisme small-cap companies ko dekha jata hai ke who January mein large-cap Forexs se behtar perform karte hain. Yeh ek mashhoor anomaly hai jo 1942 mein Sidney Wachtel ke mutabiq pehli dafa discuss ki gayi thi. Iske alawa, Roseff aur Kinney ne 1904-1974 ke douran data ko examine kiya aur yeh paya ke market returns January mein kisi bhi aur mahine se paanch guna zyada thay. Iske baad is strategy ki effectiveness par kai mutanazaah tehqiqat hui hain. Kuch scholars ke mutabiq, yeh effect haal mein kam ho gaya hai kyun ke zyada investors is anomaly ke bare mein maloom hain. Kuch log samajhte hain ke yeh anomaly bas December mein shift ho gaya hai. Jitni zyada log market anomaly ke bare mein maloom hote hain, is sense mein hai ke zyada investors trade ko pehle anticipate karne ki koshish karte hain, aur ya toh who kisi aur waqt pe shift ho jata hai ya phir arbitrage ke zariye khatam ho jata hai.
Explaination:
Is anomaly ke liye mumkin hai ke tax loss harvesting, demonstration (accounting) aur investor psychology hain.
Strategy:
Aap is anomaly ka faida utha sakte hain small-cap Forexs ke basket mein long position khol kar aur ek sath large-cap Forexs ke basket ko bech kar. Isko E-Mini futures ya ETFs ka istemaal karke kiya ja sakta hai. Aap trading December ke akhir mein shuru kar sakte hain kyun ke yeh effect har saal pehle se pehle aane lagta hai. - The Weekday Effect: Weekday effect ko Monday ya weekend effect bhi kaha jata hai, aur isme Forexs ko dekha jata hai ke Monday ko dusre dinon ke mukablay mein kam karte hain, khaas karke Friday ke mukablay mein. Yeh anomaly kai tahqiqati mutaleaat mein tasveer mein aayi hai aur mukhtalif international markets mein janchi gayi hai, lekin yeh ek aisi anomaly hai jo musbat wajohat se mushkil hai samajhna. Ek mumkin wazehat yeh hai ke investors hafta ke qareeb optimist hote hain aur Monday ko pesimist hote hain. Lekin, yeh bhi ek HARKing (results ke baad hypothesis banana) ka case ho sakta hai, jo ke bachna chahiye. Kuch scholars weekend effect ko early-month effect ki anomaly ka hissa mante hain. Dusre yeh sugate hain ke weekend ko zyada buri khabrein aati hain aur zyada companies Friday ko trading band hone ke baad negative gains report karte hain. Shayad ek aur wazehat yeh hai ke zyada short sellers Friday ko apne positions band kar rahe hote hain aur Monday ko phir se unko shuru karte hain taake weekend ke band hone par kisi bhi upside risk se bacha ja sake. Lekin, kuch kehte hain ke yeh anomaly maqool nahi hai aur yeh mumkin hai ke yeh intelligent data analysis ka natija ho.
Strategy:
Jab trading strategies/portfolios banate hain, toh aapko yeh theory pata honi chahiye ke Forexs tend hote hain Monday ke mukablay mein dusre dinon mein. Aap is maalumat ka istemaal karke trades ko filter karna aur ussi dinon par mabni trading rules develop karna sikh sakte hain. - Monthly Pivot: Yeh anomaly Forexs ke beech mein ek chhota window mein hone wali tezi ko refer karta hai jo mahine ke aakhir aur agle mahine ki shuruat mein hoti hai. Eddy Elfenbein ke mutabiq, S&P 500 ke bohot se equity gains is seven-day window mein aate hain jo previous month ke last four trading days aur next month ke first three days ko shamil karta hai. Yeh anomaly Ariel, Fosback, Merrill, aur doosre tajaweez kar chuke hain. Ziemba ke mutabiq yeh anomaly international markets mein bhi maujood hai, khaas karke Japan mein. The Handbook of Equity Anomalies mein authors Ziemba ke sath ittefaq karte hain aur dikhate hain ke yeh anomaly abhi bhi maujood hai, haan ke thoda sa advance ke sath.
Explaination:
Is Forex market anomaly ke liye kuch rational wazehatein hain. Sabse popular wazehat yeh hai ke kyunki zyadatar paychecks month ke aakhir ke qareeb diye jate hain, is liye investors apne funds ko is waqt market mein daalne ki tendency rakhte hain, aur yeh Forex prices ko barhata hai. Digar wazehatein ismein portfolio conversions aur rebalancing on day -1, pension fund investment moves, aur brokerage firms ka shamil hai jo apne sales targets ko meet karne ke liye month ke aakhir ke qareeb sales jolts realize karte hain.
Strategy:
Aap monthly pivot se hasil hone wale faiday ko lock kar sakte hain jab aap last three to four days mein Forex indices mein long position kholte hain aur us long position ko seven to eight days baad band karte hain. - Holiday Effect: Holiday effect dikhata hai ke Forexs ko weekend ke baad ke din barhne ki tendency hoti hai. Ek wazehat is anomaly ke liye yeh hai ke market itna barh jata hai ke ek khoi gayi trading day ko poori karne ke liye kaafi hota hai. Lekin, yeh theory yeh bhi khilaaf hai ke jo markets weekend ke baad reopen hote hain, use Monday effect kehte hain. Is anomaly ke liye ek aur wazehat yeh hai ke investors apne desks par wapas aate hain aur is liye zyada Forex khareedne ke liye tayyar hote hain. Ek aur khayal yeh hai ke jab U.S. markets holidays ke liye band hote hain, toh foreign markets directionless aur kam liquidity wale hote hain. Who aksar upper drift karte hain, jisse ke U.S. market jo next day open hoti hai, who bhi upper hoti hai. Beshak, hum jo market anomalies par baat karte hain, unmein data mining ya natural variance ka bhi imkaan hai. Bas is liye ke ek market anomaly ne peechle mein kaam kiya hai, iska matlab nahi hai ke who mustaqbil mein bhi kaam karay gi.
Strategy:
Aap trading band hone se pehle weekend ke din market close hone par Forex index futures ya Forex baskets ko khareed sakte hain. Phir aap us trade ko agle full trading day ke close par band kar sakte hain taake holiday effect se faida hasil ho. - Time-Of-Day Effect: Traders ko pata hota hai ke zyadatar trading volume market open aur close par hota hai, jabke late morning aur early afternoon sessions relatively quiet rehte hain. After-hours trading intraday traders ke liye aksar khatra wala hota hai. Ek purani study (Harris, 1986) ne time-of-day effect ko dikhaya aur yeh paya ke Forexs tend karte hain barhne ki taraf trading ke pehle 45 minutes mein, siwaye Monday ke. Also, Forexs zyada taur par din ke aakhir mein, khaas karke small-cap Forexs mein, close hone ke qareeb barhne ka trend hai. Iske alawa, kuch studies ne immediate effect ko bhi dikhaya hai. Ek study ne dikhaya ke sirf overnight session mein S&P 500 mein invest karna zyada returns aur kam risk deta hai. Overnight anomaly ka wazeha ye hai ke companies market close hone ke baad zyada important information release karte hain, aur yehi cheezein market ko zyada influence karti hain.
Finaly, Haoyu Xu ke evidence ke mutabiq Forexs morning mein momentum effects aur afternoon mein reversal effects dikhate hain. Matlab, agar koi Forex subah mein gir raha hai toh who shaam mein upar ja sakta hai aur ulte bhi. Iska wazeha ye hai ke subah ke trades information-based hote hain, jabke shaam ke trades liquidity-based hote hain aur institutional trades prevail karte hain. Intraday traders ke liye naseehat ye hai ke who subah mein momentum strategies par tawajjuh dein aur shaam mein reversal strategies par.
Strategy:
Aapko yeh maloom hona chahiye ke markets din ke alag alag waqt mein alag taur par behave karte hain, aur aap is maalumat ka istemal karke intraday trading ya timed entry ke liye filters create kar sakte hain. Aakhri ghanta aur raat ke session mein aksar sab se zyada positive price movements hote hain. Iske alawa, aapko subah mein momentum trades aur shaam mein reversals ko favor karna chahiye. - Santa Claus Rally: Santa Claus Rally who upward trend hai jo Forexs mein Christmas aur New Year’s Eve ke darmiyan hota hai. Business Insider ke mutabiq, Dow Jones Industrial Average ne is period mein average 1.7 percent ki tezi dekhi hai, aur 1896 se lekar ab tak 77 percent ki data mein is trend ko dekha gaya hai. Is anomaly ke liye kai wajohat hain, yeh ek combination hai kuch aur maqbool effects ke. Is waqt kayi market holidays hote hain, month turnaround effect aur year turnaround effect milke kaam karte hain. Aakhir mein, is period mein liquidity ki kami bhi ek wajah ho sakti hai upward price drift ke liye.
Strategy:
Aap Christmas ke pehle trading day par index futures ya Forex baskets khareed sakte hain aur ummeed hai ke aap yeh trades New Year ke pehle trading day par exit kar sakte hain. Yeh trade khaas karke is waqt kaam karta hai jab market Christmas ke qareeb gir raha hota hai.
Yeh strategies ek insight deti hain ke kaise market anomalies aur historical trends ka istemal karke traders aur investors apne faiday ke liye tajaweezat bana sakte hain. Lekin, yaad rahe ke har trading strategy apne risk aur reward ke saath aati hai, aur market conditions tabdeel ho sakti hain, is liye hamesha cautious approach apnana zaroori hai. - Sell In May And Go Away: Yeh ek purani trading ki mazmon kahawat hai aur calendar effect anomaly hai jo samjha jata hai ke Forexs kaafi zyada deterioration May se October ke darmiyan hoti hai. Isliye, investors ko behtar hai ke who Forexs ko is time window ke bahar hold karein. Yeh anomaly US ke bahar mein US se zyada acha perform karti hai. Numbers dikhate hain ke June se August mein achay results milte hain, jabke lowest results September aur October mein aate hain. Lekin, alag date ranges mein returns kaafi different hote hain, jo small sample sizes par Forex market strategies banane ki khatra ko highlight karte hain. Yeh anomaly kisi market truth par based nahi hai aur zyadatar monthly returns ke natural fluctuations ka result hai. Is anomaly ko exploit karna mushkil hai kyunki iska matlab hai ke capital ko lamba waqt ke liye tie karna padega.
Strategy:
Yeh anomaly khud mein influence nahi karni chahiye, lekin ise ek bade composite indicator ka hissa banaya ja sakta hai. For example, is approach ko ek market timing strategy ke ranking factors mein shaamil kiya ja sakta hai.
Price-Based Forex Trading Strategies
- Momentum Effect:
Momentum (ya trend following) ko ek consistent Forex market strategy mana gaya hai. Iski bunyad yeh hai ke ek chalte hue Forex mein tend (trend) bani rehti hai, aur investors is phenomenon ka faida utha sakte hain ke unhe average market returns se zyada mil sakte hain.
Jagadish ne momentum ka ek pehla study kiya tha, jisme unhone three to twelve-month moving returns ke basis par Forex prices ke dynamics ko measure kiya tha. Jagadish ne paya ke who Forex jo highest 12-month return rakhte hain, who agle 12 months mein market ko outperform karte hain, aur similar results monthly intervals ke liye bhi mile. Doosre successful momentum strategies bhi hain jinme 52-week highs ke proximity aur Moving Averages ka use hota hai. Park ki research ne dikhaya ke Forexs ko 50-day Moving Average aur 200-day Moving Average ke beech ka ratio use karke sort karke, 1.45% monthly return deti hai with a 6-month holding period. Yeh idea hai ke aap 50-day Moving Average ko 200-day Moving Average se divide karenge aur top decile (winners) ke Forexs mein long position lete hain aur bottom decile (losers) ke Forexs mein short position lete hain. Kayi studies ne conclude kiya hai ke momentum par trading karte waqt, calculation mein last month ko ignore karna wise hota hai kyunki last month mein price reversal dikhai dene ka tend hota hai. Jagadish ke 12-month momentum ke case mein, last month ignore kiya jata hai. Doosre recent studies ne momentum ko viable market anomaly se discredit nahi kiya hai, aur yeh conventional investors ke liye ek behtareen market advantage bani rehti hai. Ek study ne jo 447 market factors ki overall earnings potential examine ki thi, usme se up to 85% factors negligible the aur shayad biased historical data testing ka result the. Lekin, momentum factors ko often sabse significant mana gaya tha. Momentum ka ek lamba history bhi acha return dikhata hai.
Strategy:
Investors ko momentum anomalies ko different time horizons par exploit karne ke liye kayi strategies use kar sakte hain. Momentum systems Moving Averages, breakouts, aur monthly returns par based ho sakte hain. - Reversal And Average Returns:
Studies ne dikhaya hai ke momentum 3 se 18 months ke time horizon par kaam karta hai. Kam ya zyada time par, aapko reversal, yaani ke mean ki taraf wapas, dekhne ko mil sakta hai. Ek study ne De Bondt aur Thaler (1985) ki thi, jisme unhone paya ke 3 se 5 saal tak ke behtareen returns wale Forexs ne agle 3 se 5 saal mein higher average returns diye. Wahi bade jeetne wale Forexs ne kam average returns diye. Matlab, unhone paya ke 3 se 5 saal ke doran ek consistent return to average hota tha. Additional research ne dikhaya hai ke return to mean kafi kam time frames par bhi ho sakta hai. Ek study me Dunis et al ne dikhaya ke reversals usually overnight hoti hain ek significant price drop ke baad. Doosre studies ne dikhaya hai ke price reversals ek mahine mein bhi ho sakte hain. Fundamental data jaise ke earnings aur accruals ka mean change, intraday data, volatility, aur short selling ke effects bhi documented hue hain. Jaise ke momentum ke case me, reversal aur return to mean ke area mein bhi kayi studies ki gayi hain.
Strategy:
Mean par return karne wali strategies mein unusual price extremes dhundhna shamil hai jo more normal levels par wapas aa sakte hain.
Forex Market Strategies
- Size Effect:
Size effect, ya small firm effect, sirf yeh tend hai ke small-cap Forexs zyada time ke liye large-cap Forexs ko outperform karte hain. Yahan, small-cap Forexs ko generally who companies kaha jata hai jinki market capitalization $2 billion se kam hai.
Explanation:
Size effect ka ek explanation yeh hai ke small-cap Forexs large-cap Forexs se bas zyada risky hote hain. Is wajah se, unka rate of return bhi zyada hona chahiye. Ek aur explanation yeh hai ke small-cap Forexs larger companies se zyada tezi se grow kar sakte hain, jo apni success ke level se bandhe hote hain. Lekin, size effect ko kuch researchers ne question kiya hai, jo kehte hain ke yeh anomaly erratic hai, microcaps par concentrated hai, aur January me sabse zyada strong hai.
Strategy:
Evidence hai ke small firm effect kamzor ho gaya hai. Phir bhi, investors small capitalization wale Forexs ko better earnings ke sath choose karke faida utha sakte hain. Iske alawa, small firm effect clearly January me zyada prominent hota hai. Aap small-cap Forexs ki baskets khareed sakte hain aur large-cap Forexs ko sell kar sakte hain agar aap market-neutral approach chahte hain. - Value Effect (Book-to-Market):
Value effect, ya book-to-market effect, Benjamin Graham jaise famous value investor ke wajood mein jaata hai. Is anomaly par kai famous researchers ne discuss kiya hai, including Basu, Titman, Fama, aur French. Fama aur French ki 1997 ki ek seminal paper ne dikhaya ke high aur low book value Forexs ke beech average return mein 7.6% ka difference hota hai, aur securities growth Forexs par 12 major indices mein 13 mein se 12 times outperform karti hain.
Book-to-market anomaly ek company ke book value ko uske market price ke sath compare karta hai. Is wajah se, jitna zyada ratio ho book-to-market value of assets ka, utna hi company purely fundamental basis par sasti hai. For example, agar kisi Forex ke paas $100 million real assets hain, lekin uski market capitalization sirf $80 million hai, to B/M ratio 1.25 hogi (100/80). Toh aap keh sakte hain ke who Forex apne book value ke neeche trade kar raha hai aur basically cheap hai. Agar aap us company ko shed karenge aur saare assets ko liquidate karenge, toh aapko current market value se zyada funds milenge (maano assets sahi taur par valued hain). Book-to-market effect who anomaly hai jo logical sense banati hai aur iska ek acha history bhi superiority ko support karta hai, jo efficient market hypothesis ko contradict karta hai.
Explanation:
Is anomaly ke liye explanations mostly behavior-based hain. For example, ek wajah yeh hai ke investors growth Forexs ke liye jyada pay karte hain jo compelling histories ke sath aate hain, aur valuable Forexs ko ignore aur undervalue karte hain. Investors apne investment decisions mein past performance ko madde nazar lete hain. Doosri explanation yeh hai ke high book valuations wale Forexs often distressed companies hote hain aur unme higher investment risk hota hai. Market book anomaly ka obvious drawback yeh hai ke yeh sirf ek variable ko account karta hai. Famous value investors jaise ke Warren Buffett ke mutabiq, behtar hai ke aap book-to-market ratio ko ek bada puzzle ka hissa samjhein.
Strategy:
Aap ek Forex ka book-to-market ratio calculate karke uske total book value ko Forex ki market capitalization se divide karke uske high book value wale Forexs ko scan kar sakte hain aur ise further research ka basis bana sakte hain. Aap ek market-neutral portfolio bana sakte hain agar aap ek long position lete hain ek Forex mein jiska market mein high valuation hai aur short position lete hain ek Forex mein jiska market mein low valuation hai. - P/E Ratio Anomaly:
P/E ratio effect yeh suggest karta hai ke Forexs jinke P/E ratio low hai, unke risk-adjusted returns Forexs jinke P/E ratio high hai se zyada hote hain. Yeh ek aur classic value investing anomaly hai jise value investors jaise ke Warren Buffett, Joel Greenblatt, aur Howard Marks support karte hain, aur jise researchers including Basu aur Schiller ne likha hai. P/E ratio ka key yeh hai ke who kaise investor sentiment ko reflect karta hai. Agar ek Forex ka P/E ratio high hai, toh uski price recent earnings ke comparison mein high hai. Is wajah se, investors expect karte hain ke who Forexs future mein faster grow karegi aur higher returns generate karegi. Wahi Forexs jinke P/E ratio low hai, who recent earnings ke comparison mein cheaper hain, aur investors unke growth ke liye less optimistic hote hain. Low expectations ko overcome karna easier hota hai, isliye low P/E ratio ek undervalued company aur ek acha investment opportunity indicate kar sakta hai. P/E ratio ek noisy signal hai, lekin iski effectiveness ko kayi baar study kiya gaya hai. Professor Schiller ne P/E ratio ka ek famous study kiya aur ek clear correlation dikhaya between low P/E aur forward earnings ke beech.
Strategy:
Is anomaly ke mutabiq, aapko apne portfolio banate waqt low P/E Forexs ko prefer karna chahiye taake aap is value premium ka faida utha sakein. Aap ek market-neutral portfolio bana sakte hain agar aap ek long position lete hain Forexs mein jinke P/E lowest hai aur short position lete hain Forexs mein jinke P/E highest hai. - Closed-End Fund Discounting Anomaly:
Agar koi yeh keh de ke aap $1 ke maal ko 80 cents mein khareed sakte hain, to aap yeh sochenge ke yeh mumkin hai hi nahi. Lekin, yeh bilkul wahi ho sakta hai closed-end funds ke case mein, jo ke aam taur par apne net asset values ke significant discounts ya premiums par trade hote hain. Is wajah se, closed-end fund discount ko “finance mein sab se puzzle wala Forex market anomaly” kaha gaya hai. Closed-end fund anomaly ka ek example Burton Malkiel ki kitab, ‘A Random Walk Down Wall Street,’ mein bhi discuss kiya gaya tha. Ek mazeed example ke taur par, sochein hypothetical XYZ fund ka jo har share ki net worth $26.26 hai. Lekin, kal yeh Forex $22.47 se open hua aur phir $22.58 par band hua. Yeh ek -14.01% ki discount hai net worth par. Dusri baaton mein, aap abhi $22.58 mein $26.26 ke assets khareed sakte hain.
Closed-end fund discount mein kai nuances hote hain, aur iske wajood ke liye kai wazehatein di gayi hain. Kuch mahireen yeh keh rahe hain ke yeh discount underlying assets ki illiquidity, management fees, transaction costs, aur net asset values ko sahi taur par estimate karne ki mushkil ka nateeja hai.
CEFs mein invest karne ki mukhya samasya yeh hai ke discount barson tak qaim reh sakta hai. Toh agar aap ek significant discount dhoondte hain, to yeh koi guarantee nahi hai ke aap ise kuch yields ke saath bech sakenge. Is wajah se kai hedge funds average-return strategies implement karte hain, jisme Z-scores ka istemal CEF discounts ko average se deviate hone ke liye kiya jata hai. For example, agar ek CEF normal conditions mein apne NAV ke 10% discount par trade hota hai, to who sirf tab long position open karenge jab discount badhe aur Z-score -2 ke neeche chala jaye. Aakhir mein, closed-end fund discount ka ek aur pahlu market timing ke liye istemal hota hai. Aam taur par, closed-end fund discounts bullish sentiment ke doran narrow hote hain aur market stress ke doran widen hote hain. Is wajah se inko current market ke nervousness ka ek guide ke taur par istemal kiya ja sakta hai.
Strategy:
CEFs aksar NAV ke discount par trade karte hain aur yeh underpriced ho sakte hain. Lekin, discount kai samay tak bana rahega. Aap return-to-average strategies ka istemal karke ek long position open kar sakte hain jab CEF ka discount normal levels se kafi kam ho aur aap benefit expect kar sakte hain jab yeh gap close hota hai. Aap CEF discount/premium ko bhi market stress ka benchmark ke taur par istemal kar sakte hain, aur is tarah market timing strategies ko implement karne mein madad mil sakti hai.
Best Forex Trading Strategies: Final Thoughts
Forex market strategies mein se kuch ko saalon tak kamyabi se istemal kiya gaya hai. Value-oriented companies ne P/E ratios aur market value balances ka istemal karke achhe returns kiye hain. Dusre seasonal fluctuations ke saath safalta paane mein kamyaab hue hain. Lekin, is industry mein har cheez mein free lunch nahi hota, aur yeh kehna ke ek academic study ne koi market anomaly report ki hai, yeh yeh nahi matlab hai ke who sustainable hai, tradable hai, ya yeh future mein aise hi rahega.
Aksar ek market anomaly publish hota hai jo paper par acha dikhta hai lekin real market conditions mein realize nahi ho sakta. Isi tarah ke sare researchers ke alag skill levels aur market inefficiencies ko test karne ke liye alag tareeqe hote hain. Is wajah se yeh bahut zaroori hai ke aap in advantages ko dhyan se soche aur implement karein. Sirf is wajah se ke aapne kisi strategy ke bare mein padha hai, iska yeh matlab nahi hai ke aapko us par trade karna chahiye.
Aghaz mein, aapko kaam karna chahiye taki aap iske benefits ko samajh sakein aur dekhein ke who aapke khud ke research aur standards ke saath milta hai ya nahi. Aksar sabse behtar anomalies who hote hain jo ek rational explanation ke saath aasani se support kiye ja sakte hain, jaise human investor behavioral biases. Kuch publish kiye gaye anomalies aise hote hain jo test aur change karne mein aasan hote hain, aur yahi karna chahiye. Dusre anomalies ko historical data par test karna mushkil ho sakta hai, lekin aap ise real data par bhi test kar sakte hain jab tak aap evaluation ke liye ek decent sample size nahi bana lete. Aap Forex market anomalies ko adapt aur combine bhi kar sakte hain aur unhe apne bana sakte hain. Value aur momentum ka combination ek example hai.
تبصرہ
Расширенный режим Обычный режим