❗️As it turned out, not all traders are familiar with such an important concept as compound interest. Meanwhile, the use of compound interest in trading can be a very effective tool for making a profit. In short, compound interest is the accrual of interest on interest, and if in detail, then read on.
✅The formula for calculating compound interest has the...
Hello Traders, 👋
Today I would love to talk all about the power of putting in small consistent efforts. Furthermore discuss the power of compounding and compound interest.
Putting in small consistent effort is ideal for anyone, regardless of experience.
Whether you are new to trading, trade forex, trade crypto or even want to find a new hobby 🏑🏓🎺🎸
1.00
The...
Picture on the left shows that a product costs $290.
While on the right side, the cost of the product is the same but it is stated that the original price is 400. Thus you got yourself a bargain.
Showing picture on the right has the chance of making people think that the product is actually cheap. Because you only pay $290 for a product that’s worth $400
This...
HI Traders, here come another workshop on being prepared for any possible outcomes in trading. Whether you're a new or experienced traders, at one point, you'd definitely face some obstacles completely out of your comfort zone, where you're just stumbling without any clue on how to solve it. Here sums up 4 key elements on how to be in-control of any possible...
Hello Traders,
Today I would like to talk all about the different types of reversal patterns & continuation patterns, this can be whether you are a swing trader or a day trader we all must look for signals such as these as they are solid confirmations for our trading ideas.
Forex reversal patterns are on chart formations which help in forecasting high...
Hey traders,
📖 Trading Journal is a crucial element in your trading education.
Even though the majority tends to neglect it, in fact, it is considered to be the essential part of a daily routine of a professional trader.
In this post, we will discuss why you should keep a trading journal & how it enhances your trading performance.
Let's start with the...
❗️Fibonacci levels are one of the most popular tools for analysis. These are price levels that are located in certain parts of the movement corresponding to the mathematical Fibonacci numbers.
🟢What are Fibonacci numbers?
In the XIII century, the famous scientist Leonardo of Pisa lived in the Republic of Pisa – the first major medieval mathematician in...
Hi traders, here we are on another workshop. In this workshop, I will be elaborating my personal trading journey with my sincerest opinion. Here are 5 stages you will go through becoming a Consistently Profitable trader
Phase 1 - Constantly losing big
• This phase is where your trading journey begin. You're filled with passion, your subconscious & conscious...
Consistently profitable traders have a lot of things in common. Watching how they act and following their ideas & thoughts we can spot a lot of commonalities among them. In this post, I have collected 8 trading habits that a trader should have to become successful.
1️⃣ - Realistic Expectation & Vision
Many traders, most often beginners, commonly fall for the...
✅This pattern is not as popular among traders as "Head and Shoulders", "Double Top" and other classic patterns of technical analysis. However, this does not mean that it is not so effective. In fact, the "Cup & Handle" pattern is in no way inferior to the above patterns in its reliability and, if used correctly, can bring considerable benefits to the...
The pivot points, like conventional Support and Resistance levels, do not last forever. At some point, the price will break out of these ranges. We always purchase at support and sell at resistance in our range strategy. However, there are instances when the market breaks out from these levels.
Trading the Breakout, you can have a starter position (small...
For almost a year DXY has been in an uptrend but we may soon be at the end.
Last Friday, DXY closed with a bearish candle at the double top region, indicating that there are al lot of sellers at that level. If we continue to show bearish pressure, we can soon end that uptrend and take advantage of USD weakness across the board.
Here's a brief breakdown on how...
Hey traders,
The road to consistently profitable trading is hard and dangerous. This path can be split into three main milestones. Each of those requires discipline, time & patience.
📚The first step is your trading education.
Starting with a basic understanding of what are the financial markets & how they work and finishing with the sophisticated techniques...
I put in your hands now the most important patterns that occur on the chart,, save the image with you and search for previous patterns and learn how to extract them from the chart
In this simple lesson, we will learn together how to draw a bat pattern
About the School of Harmonic Analysis
The harmonic analysis school is about certain patterns that occur on the chart that give an indication of a reversal in the trend, using Fibonacci ratios, and it is considered one of the most important schools in technical analysis that many analysts rely...
1 - You must learn analysis and basics well, such as knowing important terms such as margin, leverage, lot, point, pairs and the relationship between them, the meaning of indicators and commodities and how to calculate the point,, and then delve into technical analysis and study the basics such as trend lines, supports, resistances, Fibonacci, price action and...
Hey traders,
To trade the market profitably you need to have a plan.
A set of rules & conditions to rely on each and every time when you are searching for a trading opportunity.
A trading plan of a professional trader is very sophisticated. It consists of various different elements. The precision there is pushed to the limits.
In this article, we will...
Since CoRA Waves and Ribbons could help you to identify the trend better and more reliably, this indicator provides a good baseline for your strategy.
The indicator " CoRA Ribbon - Multiple Compound Ratio Weighted Moving Averages " (#revision: lv21) was used in the following screenshots. Information and details on CoRA waves can be found in the description of...
