In this post we will aim to clear some of common misconceptions of trading and how we can help you go further in your trading career by giving you all the tools you need to better understand the market and kill the game.
1. Trading is easy. Trading is relatively easy IF you know the rules of the market and use certain analytical techniques. Once you have a full arsenal of technical tools, you can easily understand the market and figure out where it may go next.
2. Market moves in one direction. That can be true to a certain extent where we have trending markets. However, within that trend there are various types of pullbacks. Once you understand the different market phases, you can make money whether it's a trending or ranging market. Opportunities are endless!
3. Buy when low. Sell when high. If only things were that straight forward, right? Sometimes the lows aren't really the lows and the highs push higher and higher. This is when you need to understand the different patterns and structure of the market to help you figure out where the best possible place is to buy or sell.
Once we understand the market, we need a trading plan. How do we enter? Where do we enter? Where is the stop loss? This is where having rigid checklist really helps! You can tick things off the list and grade the trade setup from good to bad and then enter accordingly using various entry methods.
It may sound like a lot of but once broken down into little bits, you can learn this EASILY and know exactly how to analyse and enter trades!
What we will be covering: - Market structure: Impulse & Corrections - Using Index charts to correlate your trades (Very important Topic!) - Drawing a trendline and levels correctly – There’s a hack to it! - Using Moving Averages Correctly - Combining higher timeframe & lower timeframe - Different patterns and how to trade them - More topics to come!
Comment below on what other topics you would like to see!
I hope this post help clarify some of the misconceptions of trading and the different elements involved.
See the links below for information on how we can help you!
don't forget the mindset and emotions learning technical is the easiest way but controlling emotion is very key self confidence also is a big part sometimes as you are kind of swing trader your analayis can give something like big move while all environment are against you like what happened in crypto market or oil or what ever for example I analyezed oil on monthly later on you see big monthly flag that can make oil be below 0 if you remember a few month ago the corona crash how much confidence you need all love and respect ♥️♥️🏆🏆
aemerydufoug
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@chunkuya1000, 100%, psychology is such an important aspect of trading I definitely underestimated at first,
Thanks to wickator for the great analysis, been following for a couple of month, it’s really good, and I think at then end, beside all strategies existing out there, that way of analysis is the best,
Much respect brother
chunkuya109
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@WWTeam, totally agree 👍👍♥️♥️
WicktatorFX
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@WWTeam, Thank you very much my brother. Looking forward to sharing the knowledge!
WicktatorFX
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@chunkuya1000, Absolutely! Best thing to do is to not over leverage, diversify your trades and stick to your trading rules.
Also, once you have a good trading strategy you'll be more confident and know which trades are high probability which will help with psychology!
valentinechiemerie
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I have been sending you text but no reply am waiting for your reply