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It's easy to become charmed by the prospect of making rapid money in the financial markets, yet trading makes almost no one rich – in fact, many individuals lose money*
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* 90% of traders losing money, only 10% get profits. Why?
Here is 3 reasons:
1) Most traders Enter A...
Hey traders!
RSI divergence, a key concept in technical analysis, occurs when the relative strength index (RSI) of an asset shows different patterns compared to its price movements.
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Bullish Divergence:
In a bullish divergence, the RSI indicates the asset is oversold, forming higher lows, while the price action...
Ever wondered about Adam and Eve in trading? It's a straightforward and powerful pattern.
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Picture Adam as the first market peak or dip, and Eve as the second, forming a U-shape. This pattern highlights a robust price level, suggesting a potential market shift.
How to Utilize It?
In...
What exactly is risk management?
The ability to control your losses so that you do not lose all of your equity is referred to as risk management. This is a system that may be applied to everything that involves probabilities: trading, poker, blackjack, sports betting, and so on.
Many inexperienced traders underestimate the significance of risk management or...
