Are you tired of hearing the monotonous refrains of personal finance advice that seems to pervade every medium? “Create a budget,” “spend less than you earn,” – it's an endless loop. It is time to dissect and debunk 10 persistent myths that shroud the domain of personal finance.
1. Debt is Always Detrimental. Debt is often depicted as inherently negative, but...
If you have ever wanted an indicator that accounts for a large number of other indicators to give you a rating of the market conditions, Then the technical rating indicator is what you've been looking for.
📊 What is the technical rating indicator and how it works
The technical rating indicator (TRI) is a tool that aids traders and investors in assessing the...
Introduction:
Forex trading involves analyzing various factors to make informed decisions in the foreign exchange market. Traders employ different types of analysis to gain insights into market trends, anticipate price fluctuations, and make profitable trading decisions. Let's explore three primary types of forex analysis: fundamental analysis, technical...
🔥 Do you ever feel the Fear of Missing Out (FOMO) when trading?
🔥
It's a common struggle, but fear not! In this post, I'll share five crucial points that have been instrumental in helping me gain control over my psychology throughout my trading journey.
😎 Embrace the Unpredictability:
The market is a wild ride, and it can change direction in the blink...
In this Weekly Review I breakdown my thought process for my first 4 trades of the week. The video was cut short due to a 20 Minutes max length for tradingview. I just learned about this since I am new to video analyses on tradingview. I will be uploading the Part 2 for my final (5th) trade of the week at some point this weekend.
If you enjoyed the video, please...
🔴 A stop-loss (SL) is a limit order that specifies how much loss you are willing to take on a trade. It prevents you from making additional losses on a trading position.
🟢 A take-profit (TP) works as the exact opposite of a stop-loss. It specifies the price to close out a position for profit. When you have a take-profit order, the trading platform you are using...
🔶 Introduction
A high win rate—that is, the proportion of trades that result in profits—is appealing to many traders. They might believe that being lucrative requires a high win rate, or that it will increase their self-assurance and lessen their tension. A trader's performance may be negatively impacted over time if they have a high win rate, which is not a...
I recently started to read a number of finance books and watching a lot of YouTube channels specifically on the topic of chaos theory and backtesting. I am going to start a series here where I share what I am learning and today we are going to delve into the world of backtesting.
"Those who fail to learn history are condemned to repeat it" - George Santayana ...
Hello Traders. Today I have created a summary of this previous week's price action on a Session-Session basis. I explain in detail each of the 15 Sessions and how they relate to the overarching destination for the weekly candle. I hope you enjoy and please leave some feedback in you found this either useful or interesting. Best, Shrewdcatfx 🐱👓
Key for Chart
1 =...
Trading foreign currency on the forex market, also known as foreign exchange trading, can be an exciting hobby and a lucrative source of income for many people. Currently, the stock market trades about $22.4 billion per day, while the forex market trades around $5 trillion per day. There are various ways you can engage in online forex trading.
1. Learn basic...
Hello traders, I present to you a few candlestick patterns that appear frequently and have a fairly large win rate.
CUP AND HANDLE
The cup and handle pattern on the price chart resembles a cup with a handle, where the cup is U-shaped and the handle slopes down slightly.
The cup forms after moving upwards and looks like a bowl or round bottom. When the cup is...
Welcome to my new educational post
As you can see in BCH/USDT chart, One weekly green candle is enough to overcome 1 year of bear/consolidation zone !!
If you are surprised, let me tell you this is very normal behavior in crypto market as we saw this happened many times before
Another example :
DOGE / USD
When to expect a coin to explode like that ?
The...
Hello traders, today we will talk about Types of market days
Some crucial aspects significantly influence technical analysis. The type of the market day is one of those crucial elements. Any trader who is actively trading in stocks, indices, cryptocurrencies, forex, derivatives, etc. may gain an advantage by properly analysing the type of market day.
Today,...
Hello dear @TradingView community!
In this guide, we will delve into the concept of divergence and its significance in technical analysis, specifically focusing on its application in the cryptocurrency market, particularly Bitcoin.
Understanding Divergence: A Key Concept in Trading
Divergence occurs when the price of an asset and an indicator, such as the...
Hello Traders,
We thought that we'd make a little guide to those of you who are looking at scalping as a possible trading strategy. This educational idea will give you a few things to consider and we hope that it will inform you of what you can expect from being a scalper.
Our Take:
Personally for us scalping isn’t our style and we wouldn’t recommend it to...
Many believe that a well-defined, simple, and robust trading strategy can help a trader acquire gains that outperform the market or purchase undervalued stocks in hopes of outsized returns upon rebound, but is this the case? Students of the Efficient Market Hypothesis (EMH) would argue that fundamental and technical analysis are pointless approaches to the market...
It appears that a bull market has taken hold in the US market, as evidenced by the remarkable rise of the S&P 500 index, surging over 20% from its October lows. Adding to this favorable outlook, the Federal Reserve has finally implemented a much-anticipated pause in the cycle of interest rate hikes.
With the shift in market sentiment from bearish to bullish,...
What is DCA? How to use the price averaging strategy to increase profits
DCA or price averaging strategy can be an effective way to manage risk when investing in assets like stocks, cryptocurrencies… I will walk you through how it works and its pros and cons. for easy understanding.
When considering investment, if you have a large amount of money in hand ready...
