Hey traders,
Being breakout traders we have two options for trade entries:
when the breakout is confirmed, we can either open a trading position aggressively once the candle closes above/below the structure, or we can be conservative and wait for a retest of the broken structure first.
What is peculiar about the second option is the fact that the majority of pro...
Hey traders,
In this educational article, we will discuss 3 stages of the evolution of a trader.
Stage 1 - Unprofitable trader 😞
The unprofitable trader has very typical characteristics:
-total absence of trading skills
Most of the time, people open a live account simply after completing some beginners course like on babypips website.
Being sure that the...
Hey traders,
In this post, we will discuss 3 classic trading strategies and stop placement rules.
1️⃣The first trading strategy is a trend line strategy.
The technique implies buying/selling the touch of strong trend lines, expecting a strong bullish/bearish reaction from that.
If you are buying a trend line, you should identify the previous low.
Your stop...
When people see a consistently profitable trader they do not consider all the costs a successful trader has paid overtime (below the surface) to get to what they see (above the surface).
So many things happen below the surface that nobody can see.
Here are some of the below the surface things that compose the top of the iceberg that everyone sees:
🔰Dedication...
The market is driven by people.
The crowds are always behind strong market rallies.
What the majority fails to recognize is the fact, that being chaotics in its nature, the markets are always trading in predictable patterns.
Believe it or now, but the market participants are driven by the same emotional impulses. It does not really depend on how wealthy is the...
