An ordinary person uses religion as a guide to his spiritual life. A trader uses mathematical expectation as a guide to his trading life.
Trading is a game with a negative mathematical expectation. This means that when you open a trade, you have already received a loss in the amount of two trading fees for entering and exiting this trade.
That is, in order to...
When it comes to trading, it's often said that success is not just about having a winning strategy; it's equally, if not more, about mastering the psychological aspects of trading.
when i started trading , I struggled with this concept, and it led to blown accounts, financial losses, and a destruction my mental health. However, through perseverance, reading books...
To trade well you need to think like a warrior.
You need to harness your inner strength and go through the battles of trading.
There are spectators, there are participants, and then there are warriors.
These warriors stand apart.
And you need to blend your skills and traits to equip you with everything you need to WIN.
In this article, we’ll delve into the...
Drawing inspiration from the timeless wisdom of Marcus Aurelius, this guide distills ancient Stoic principles into modern trading strategies. Dive in to discover how to strengthen your trading mindset and unlock your unique edge.
1. On Emotion and the Markets
Remember: The markets are indifferent to your emotions. Anxiety, joy, desperation – these are...
Let's talk about the trends shaping the future of algorithmic trading. After all, an occasional pulse check keeps you ahead in the game.
The Explosive Growth: A Historical Perspective
By 2032, the algorithmic trading market is projected to balloon to USD 36.75 billion . Being ahead of this curve doesn't just make you a participant; it makes you a pioneer....
✴️ Accumulation/Distribution (A/D) is a standard pack of technical analysis tools of many trading platforms. Today we will get to know this tool in detail and see how it works on Forex. This indicator can be especially interesting for supporters of the VSA method, as it takes into consideration trading volumes in its analysis. The author of the tool, world-known...
The allure of becoming a millionaire through forex trading is a dream shared by many. While forex trading offers substantial profit potential, it's also a challenging arena that demands skill, discipline, and strategic thinking. In this comprehensive guide, we'll explore two compelling ways to embark on the journey toward millionaire status in the world of...
When done correctly, hedging is a great method to help protect your position(s) against big price fluctuations. This post will delve further into hedging and discuss how you can use it to not only protect your position(s) but also how to potentially use it to your advantage in turning losing positions into profit-taking opportunities.
What is hedging in Forex?...
What is position sizing & why is it important?
Position size refers to the amount of risk - money, contracts, equity, etc. - that a trader uses when entering a position on the financial market.
We assume, for ease, that traders expect a 100% profit or loss as a result of the profit lost.
Common ways to size positions are:
Using a set amount of capital...
As a crypto trader, shielding yourself from the stormy volatility of Bitcoin (BTC) is imperative. By creating a separate watchlist, you can identify safe haven assets that remain resilient during BTC's turbulent times. Whether you're a seasoned trader or a beginner, it's crucial to set up your watchlist accordingly to minimize risks and maximize trading...
Hey Traders
So, I have been asked by many of my clients to explain the relationship between interest-rates and inflation and how to translate that information into their analysis.
For this reason I put this little mini lesson together to explain:
- The core role of the central bank
- Reason and objectives for interest-rates and inflation
- How you can use...
“How is it possible for Outsurance to have data on my charting platform, as far back as 2013 while it was just listed on the JSE.”
A. The data that you see from 2013, came from the parent company Rand Merchant Investment Holdings (RMI).
They then changed the name to OUTsurance Group Holdings Limited (OUT).
And they have been in the process of transitioning...
This idea will be both educational and technical.
First, we start with the educational part.
If someone were to ask me what a liquidity grab (Stop Loss hunt) really is, I would show them this specific chart illustration. If we take a deep look at the Daily-timeframe graph, we might observe how the price has been able to tap above/below wick rejections and...
I recently released an indicator called the Cumulative Distribution Density of Dataset indicator. One of the main highlights of this indicator is its, at the time of writing, the only indicator available on Tradingview/Pinescript that assesses the degree of normality as well as the type of distribution of a ticker, index or economic variable. Before this, you...
The pivots show extremes Resistance R1, R2, R3, R4 and R5, Support S1, S2, S3, S4, and S5.
This morning we were at R4 almost R5, and I closed the trade at S4. This style of trading means at most trading once or twice a day. High probability, high profit trading.
All the rest of the noise in the middle is designed to cause people to overtrade. If you find you...
📱 Trading and Social Media: How They Impact the Market 📈
Modern technology and social media have revolutionized many aspects of life, including the world of finance and trading. Today, we will explore how social media and news influence market movements and why this is important for traders.
1. Publicity and Information Demand 🌐
Social media provides traders...
Blockchain Architecture
Around how to realize decentralized trust, a blockchain can be divided into five layers from a technical point of view, which are the data layer, network layer, consensus layer, contract layer, and application layer, as shown in Figure 1. The data layer defines the blockchain’s underlying data structure, storage structure, and ledger...
Triangle patterns are powerful technical indicators that provide traders with valuable insights into potential market trends and price movements. Among the various types of triangle patterns, horizontal triangles, contracting triangles, and expanding triangles are widely recognized for their reliability and effectiveness.
Horizontal triangles, also known as...
