When it comes to investing, many individuals who are not actively investing tend to ponder over what lucrative projects are available when seeing others making profits. However, once they start investing, they all hold a belief that they will profit, which can lead to a problematic attitude when facing losses that differ from their original expectations. Investing...
< Let's just watch it for three minutes! Gongmyeong's Knowledge Sharing >
Step 4. Types of bullish candles
We've looked at the composition of the candles in the previous sections.
Today, we're going to classify the types of bullish candles based on their shapes.
First, it's a hammer-type candle.
It's a candle that went down to low prices and then went...
📖I was reflecting on how I became a trader, and suddenly I was reminded of a great book called «A hero with a thousand faces» which then led to the analogy between the journey of a trader and the hero's journey. And while just as any analogy this one is somwhat superficial, I really feel like there is a lot of truth to it. Just think of how many of us have...
In the previous post we started to analyze the Cash flow statement. From it, we learned about the existence of three cash flows - operating cash flow, financial cash flow, and investment cash flow. Like three rivers, they fill the company's "lake of cash" (that is, they go with a "+" sign).
However, there are three other rivers that flow out of our lake,...
The greatest adversary of a trader is not the market, nor the constantly changing market trends, but rather ourselves.
Therefore, today I will share my trading experience and explain the five most difficult demons to overcome in our trading journey.
1.The first demon is greed.
Greed is the biggest demon in trading. Where there is greed, there is an abyss. It...
A trending market is defined as a market where prices are moving in a consistent direction over a period of time. There are many different ways to trade in trending markets, but some common methods include using moving averages, identifying areas of value, and recognizing chart patterns.
This article will discuss different aspects of trading in trending markets...
Most people take the easy road of being in a Comfort Zone.
For this reason, they keep getting the same results and remain in their ‘uncomfortable’ position in life.
Think about it…
Those that don’t understand new things, never adapt to something that could change their life for the better.
Those that keep earning the same old salary, never grow their...
bull trades when over sold,
bear trades when overbought,
and tidy up the house when in the middles.
when you know you dont have edge, trade small and clean up. wait for you setup scenario.
dont be in a rush to lose money
the market will always take your money, dont rush it. wait for you sweet spot for better reward to risk.
audio book link if you want:...
What is the impact of non-farm data on the gold market?
Non-farm data actually consists of two sets of data, the major non-farm data and the minor non-farm data. As these two sets of data reflect the development of the US economy, they not only affect the US dollar index but also often impact the ups and downs of the gold market.
Good non-farm data indicates a...
Hi everybody!
You can find many "economic calendars" on the web, but this one has something extra, here you have the possibility to connect your Google Calendar with a simple click and for me that I use many devices, it is very important. I recently discovered this feature, and found it very useful, give it a try!
Cheers!
A.B.
There are three kinds of lies: lies, damn lies, and statistics. Fortunately, not always. Statistics enables investors and traders in financial and commodity markets.
In statistics, mean is also known as the average. It is a number that represents the entire data set. Mean is the sum of the data set divided by number of data points in it. For example, in a group...
Q. “In your view how do you go about with dividends as a trader and as an investor? Do you buy to chase dividends when they are declared or not?
A. As a position trader (short term holder), I'm not really interested in buying companies for the dividends released.
That’s because I prefer to make money in the short term with the trades I take, according to my...
Currency Features:
Decentralization: Bitcoin is the first distributed virtual currency that is entirely user-driven, without the presence of any central bank. Decentralization ensures the security and freedom of Bitcoin.
Global circulation: Bitcoin can be managed on any computer connected to the Internet. Anyone, anywhere in the world, can mine, purchase, sell,...
< Let's just watch it for three minutes! Zhuge Gongmyeong's Knowledge Sharing >
We learned the basic theory about the composition of candles yesterday, and today we're going to summarize the names of the candles while looking at the actual candles.
You can think of it as a review of yesterday's content!
First, let's look at the left candle.
The left candle...
From the second you turn on your computer, to the time you press buttons commit your funds into your trades and close your computer.
You are making your own choices.
Do you choose this?
Do you follow that?
Do you go against this?
Do you type that?
So technically, your financial future success lies all in your fingers.
In this TradingView piece, you need to ask...
Almost every trader, at some point in their career, wonders if they need money management. The answer is a resounding yes! Having the proper business mindset is essential to success in trading. This includes having the right attitude, being disciplined, and knowing how to manage your emotions. Without these things, it is very difficult to be successful in the...
Losing trades happen. They are apart of the journey. There is simply no such thing as a trader or investor who wins all the time. All the famous investors or traders you know have LOST many times in their career. It is perfectly normal. Did you know the famed hedge fund manager Ray Dalio lost everything in his 30s? He went broke. He had to start over from...
Part 3 of a 3 part Tutorial - Managing You. In this tutorial I help the beginner understand the different types of personality and to put in some tools to allow you to become a better trader. It's not an exact science, but if you can learn when to trade (and when not), if you learn how to manage the trade then you should have removed most of the 'noise' that can...
