Introduction In the ever-evolving world of financial markets, savvy investors and traders continuously seek strategies to optimize returns while managing risk. Among the plethora of strategies available, the covered call stands out for its simplicity and efficacy, especially when applied to a dynamic asset like Euro Futures. This article delves deep into the...
Welcome back to "Mind Over Markets," a series designed to give you some practical tips to help you deal with the psychological stresses of trading. In Part 1, we explored the concept of "asymmetric payoffs," emphasising the potential benefits of small routine changes. Part 2 encouraged us to "Think Big," urging a shift towards considering trades within the...
What Is Bitcoin Halving? Here's All You Need to Know. Halving is the event of slashing Bitcoin's mining rewards every 210,000 blocks, or roughly every four years. Read all about it here. Table of Contents Overview What Is Bitcoin Halving? When Is the Next Bitcoin Halving? Deep Dive into Blockchain How Are Miners Rewarded? Why Halving Matters? The Big...
You can learn a lot from the classic board game we all know and love: Monopoly. And as a trader, if you decide to play it again with your spouse or children – you’ll find the game to be very different. That’s because you have a better sense of risk, reward, probabilities and money management. You have the patience to grow a sizeable portfolio and eventually...
As a day trader, I understand the allure of making your mark trading financial instruments. The idea of making quick profits and essentially being your boss can be incredibly enticing. However, the reality is that day trading is more challenging than it may seem. The statistics are alarming - the majority of day traders lose money. But why is that? Today, I will...
Account size/Lot Size THIS IS A GUIDE ONLY Less than £500: LOT SIZE – 0. 01 with a MAX LOT SIZE OF 0.03 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0. 01 lot size will give you flexibility when the market goes against you. £500 – 1000: LOT SIZE – 0.02-0.03 with a MAX LOT SIZE OF 0.06 AT...
👋Hello traders! In this post, I would like to introduce you to the VWAP indicator, which is used by major market participants in their trading. Moving averages are one of the most popular basic tools of technical analysis. More than 10 variations are known: EMA, LWMA, etc. All of them, in one way or another, use the same principle of data averaging; the...
Lesson 7 is one the most critical videos for your your success as a trader. Trader's phycology have been studied deeply by the pioneer Mark Douglas. His method have helped a lot of trader and institution to be successful or improve their performance This video explains some fundamentals concerning trader's phycology. Following his guidelines I believe will make...
hi, just wanted to share a couple of thought on management, mainly for new members. in my eyes, there are two categories of management: simple (fixed RR) and more complex (variations of trailing). Both have positive and negative sides. In my eyes, as a very very subjective opinion, simple fixed RR system will be better for most people. Or ok, I'll not speak for...
Railway Tracks Pattern is a secondary formation (unlike pinbars and inside bars) of Price Action, but no less frequent on the chart of price movement of a certain underlying asset. It occurs mainly during the correction of the main trend movement. That is, it is necessary to catch the pattern on a pullback from the main trend. ✴️ THERE ARE TWO TYPES OF PATTERN...
Hey traders, In this post, we will discuss trading sessions in Forex . Let's start with the definition: Trading session is daytime trading hours in a certain location. The opening and closing hours match with business hours. For that reason, trading hours are varying in different countries because of contrasting timezones. ❗️Please, note that different...
One of the hardest things for traders, or anyone for that matter, is to adapt to change. Mostly we get stuck when things change, which makes trading difficult since the very nature of markets is change. This is where the cliché 'going with the flow' originates, but simply understanding the cliché isn't enough; we must internalize and practice it and get it in our...
A trader told me that he has been in the market for several years now, but he had to revise his expectations. He is frustrated that he can't earn more and his dreams for which he started trading won't come true. He earns well, but not enough to live the lifestyle he would like. He thought about buying himself an expensive yacht, it was his goal, a status symbol...
TradingView's Paper Trading isn't just for practice; it's a detailed educational platform that closely simulates the real trading environment, all without the risk of losing money. This feature is carefully crafted to mimic actual market scenarios, offering users a realistic preview of how their trading plans might fare.📖🧾 The video is packed with valuable tips...
RSI hidden divergence is easier to identify than regular divergence. If you enter a trade based on regular divergence and hold for a few weeks, buying the dip becomes easier once the hidden divergence sets up. As we are currently in profit by about 400 pips, we are able to observe the current market flow on higher time frames without emotions. Hidden divergence...
Novice / Beginner intro to Ichimoku Kinko Hyo technique. for a succesfull trades, kindly note that the following 3 conditions must be present: 1- your entry point is always above green kumo 2- Bullish TK cross occured above the green Kumo 3- Chiko span is above TK we never trade in the Kumo. it's not recommended to trade below the Kumo, and even Bullish TK cross...
Markets move in contraction/expansion. Small swings can be thought of as a form of contraction and the bigger swing is a form of expansion. An Expanded Swing is simply a reaction leg that is bigger than the previous reaction leg or legs. Its minor swings growing up to be major swings. This represents a change in behavior that often causes confusion among the...
Hey, crypto traders and enthusiasts! Have you ever wondered if the day of the week could sway your crypto earnings? Well, a fascinating study from 2019 titled "The day of the week effect in the cryptocurrency market" by Guglielmo Maria Caporalea and Alex Plastunb decided to dive into this question. The study zeroes in on some of the big names in crypto -...