A few suggestions for personal investment: initial investment intention, investment mentality, risk tolerance, don't have a fluke mentality, maintain patience and rationality, and refuse to be proud and conceited
In front of high returns, investors should keep a clear mind and stick to the original intention of investment and financial management, instead of...
Trading is NOT for everyone.
Not because they can’t do it, or because it’s hard – but rather…
Trading is something that only a few will feel passionate to do for the rest of their lives…
I say this because there are many things that I could do well in, make a huge income from, but I unfortunately don’t enjoy.
For example, Poker, horse-racing and sports bets,...
" Many are called, but few are chosen ". Ever heard this proverb?
This is certainly true for trading, in fact, there is even a rule in trading about this, the 90-90-90 rule. So what does this rule say?
" 90% of traders lose 90% of their money in 90 days "
😱😱😱
That's right, statistics show that 90% of people who start trading lose the majority of their money in...
🔵 As a forex trader, you've probably heard about how important it is to keep your emotions under control and follow reason and objective rather than acting on impulses fueled by greed, hope, or fear. But knowing not to trade emotionally is one thing; understanding HOW NOT to trade emotionally and putting that information into practice is quite another.
Because of...
A trading journal is an important tool for any trader. It allows you to track your progress and learn from your mistakes. In this blog post, we will discuss the different elements that should be included in a trading journal. These elements include the date and time, the traded instrument, the entry and exit price levels, the position size, and the trade...
The Bollinger Bands indicator is used to identify trading ranges and can help us find objective entry points for long or short positions.
Choose to go long when the price touches the lower band (DN) and go short when it touches the upper band (UP).
UP is generally a resistance line, and when the price touches UP, it is likely to fall, so choose to sell.
DN...
Fundamental and technical analyses are two approaches to analyzing financial markets, such as stocks, currencies, and commodities. Here are the key differences between the two:
Definition:
Fundamental analysis involves analyzing the economic and financial factors that affect the value of an asset, such as company earnings, industry trends, and macroeconomic...
Hello, Let us talk about 'Market Trends.'
On this chart: We will read about what they are, how they work, and how they help us.
Market trends refer to the general direction or movement of a particular market or industry over time. These trends are often driven by several factors, including consumer behavior, economic conditions, technological advances, and...
OANDA:XAUUSD
Stop-losses prevent large and uncontrollable losses in volatile trades. If you’re not using stop-losses, it’s only a matter of time when a large losing position will get out of control and wipe out most of your trading profits, eventually even your entire account!
If you’re serious about staying in the game in the long run and growing your...
👉What is a Pip?
The unit of measurement to express the change in value between two currencies is called a “pip.”
If EUR/USD moves from 1.1050 to 1.1051, that .0001 USD rise in value is ONE PIP.
A pip is usually the last decimal place of a price quote.
Most pairs go out to 4 decimal places, but there are some exceptions like Japanese yen pairs (they go out to two...
“You take the blue pill, the story ends. You wake up in your bed and believe whatever you want to believe. You take the red pill, you stay in Wonderland, and I show you how deep the rabbit hole goes." - the exact line that Morpheus used when offering Neo a choice between two options.
You may wonder how this legendary Matrix reference is related to the trading...
When it comes to trading, many people think that it is an easy way to make quick money. However, the reality is that it takes time, effort, and patience to be a successful trader. In this blog post, we will discuss some of the key things that beginners need to do in order to be successful.
Set realistic goals
Setting realistic goals is important for any...
This is not a chart reading - and i'll keep it super short ... this is just a quick reminder that we have many powerful tools that we can use to enhance our analysis and trading outcomes.. too many that we sometimes forget to use them. The above chart shows a great example of that .. I was going thru the daily analysis and thought i should share this note with...
First of all, I'll give you an answer to this question. Learning technical indicators is helpful for analyzing market trends to some extent, but you can't rely solely on technical indicators to place trades. If a certain indicator truly had this ability, it would disrupt the market balance and create a large number of wealthy people.
Let's talk about why we...
1. Heavy Positions Lead to Defeat
Regardless of whether it is a long-term or short-term trade, the choice of position size may be more important than the direction chosen. Even if the short-term direction is chosen incorrectly, it is still possible to profit through position adjustments. However, if there is a habit of heavy positions in every trade, the space...
Interest rate pricing has a huge effect across many financial markets at present – the correlation between short-term rates, rates volatility and the USD is certainly evident.
However, with such a big window for increased volatility in interest rates pricing, as traders try and price the prospect of a 25bp or 50bp hike at the 22 March FOMC, as well as peak fed...
Trading is a complex activity that requires many skills and knowledge. Novices who are just starting their journey in trading often make mistakes that can lead to significant financial losses. In this article, we will discuss 5 common mistakes made by beginner traders and provide advice on how to avoid them.
Lack of knowledge and experience
One of the main...
