Global markets face contradictory forces in 2023. Inflation still simmers as central banks tighten money supply worldwide. Geopolitical friction continues while economic growth likely slows ahead. Yet technological transformation charges ahead, with artificial intelligence poised for explosive improvements. Investors and policymakers must stay nimble in this...
Functions in Pine Script are powerful tools that simplify and enhance the coding experience.
They allow you to create reusable blocks of code, making your scripts more organized and efficient.
Let's start by exploring a basic function:
ochl() =>
This function, named 'ochl', returns an array containing four values: open, close, high, and low.
The square...
Starting too big
One of the biggest mistakes beginner traders make is starting with too much money. They see other people making a lot of money trading, and they think they can do the same. However, trading is a very risky activity, and it is important to start small and learn the ropes before you start trading with large amounts of money.
When you start with...
The title is brash, I know. But before you click away, answer these two questions:
1) How many strategies have you tried?
2) How many strategies have you backtested through several years and thousands of trades?
If you have tried more strategies than you've backtested rigorously, then stick around because that's probably the reason why you're losing money.
...
Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
The first time you studied moving averages, you must have had a new and surprising experience.
However, if you trade using the moving average, you will also have experienced that it does not...
BINANCE:BTCUSDT
The proper attitude and understanding of trading principles are fundamental to achieving success in the trading world. This article is aimed at aspiring traders who want to thrive in this field.
Trading is a probabilistic game , where outcomes are based on probabilities, either happening or not happening. It's crucial not to have rigid...
In the labyrinth of financial markets, the search for a good trading mentor is akin to finding a guiding light in the darkness. It is a journey that can transform an ordinary trader into an extraordinary one.
As some of you know, I started trading in 2013 and 6 months into my journey I found my mentor - the rest was history, but why is a mentor so important?...
True story Ninjas, listen to this;
In the early 1980s, a captivating experiment in trading took place, involving a renowned commodities trader named Richard Dennis. He believed that successful trading could be taught and was not solely reliant on innate talent. To prove his theory, he set out to find a group of individuals he could mold into profitable...
In the early 20th century, there was a legendary stock trader named Jesse Livermore, known as the "Boy Plunger." Jesse's life was a roller-coaster ride of fortunes won and lost, and his story stands as a testament to the importance of managing risk in the financial world.
Jesse Livermore was a natural-born speculator with an uncanny ability to read the market....
Hey Ninjas!
Today, we're going to dive into a topic that might seem like a detour from the world of numbers and charts, but believe me, it's a vital ingredient to becoming a true trading maestro.
Buckle up as we explore the untold connection between a healthy body and mind and your trading success.
1. The Tale of Two Traders: Meet Larry and Serena
Picture...
Why Backtest Trading Strategies?
The idea of strategy backtesting is to view the performance of a trading strategy in past circumstances. This is an important point in building a profitable trading system. There are various techniques to change the performance of a strategy that affects the final results. A backtest shows the overall profitability of a trading...
💥 Very important idea and question of the week here with our XRP should I buy or sell? Good question and let's see what we can figure, thanks for joining ladies and gentlemen.
💥 XRP's been trending between 0.77 and 0.80 roughly displaying this horizontal channel which has basically displayed this sideways trend with us getting one breakout above for a relatively...
As it is said, A strategy is a reflection of a trader’s character . Whatever sentiments/emotions you have, reflect in your trading decisions. At first, people think that, ‘I will use xyz indicator and buy here and sell there’, thinking it’s easy to have a method that is simple. But when reality hits, all the simplicity runs out of the window with your money....
Use earnings reports to your advantage.
As I discussed in previous ideas, the big money at any given time will be entering the market or getting out of the market. Never both.
When the earnings report is good, and the stock falls down => big money used it as a good advertisement to get out.
When the earnings report is bad, and the stock goes up => big money...
📊 Introduction
Technical analysis is a fundamental part of any trader's toolset since it offers insightful information about market activity and potential price moves. The foundation of this research is made up of indicators including Moving Averages (MAs), Relative Strength Index (RSI), Bollinger Bands, and MACD. However, using these indicators' default values...
Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(LINKUSDT chart)
The composition of the chart consists of price and volume.
Therefore, chart analysis can be interpreted differently depending on how you interpret price and volume.
First of...
How I use ICT Discount And Premium Strategy For Forex Trading.
In this video, I explained how I use ICT discount and premium levels for daily bias and also for intraday entry.
If you find this video helpful, give a thumb up, drop a comment, follow me for future updates and also share this video link on your social media timeline.
The strength of a trend can be a key factor in predicting future price movements. This post will specifically cover how to identify trends, how to determine trend strength, and how to use it to your advantage when trading the markets.
Characteristics of a Trending Market
To begin, let us understand how to identify a trending market.
A trending market is a...
