Once you mature in trading and become a consistently profitable trader, the question arises: are you ready to trade full time?
Becoming a full time trade is a very significant step and my things must be taken into consideration before you make it.
✨ Becoming a full time trader implies that you quit your current job, that you give up a stable income - your...
Entering the world of day trading can be both exciting and daunting, especially for those who are new to the game. This article aims to provide simple yet valuable recommendations for beginner day traders specifically focusing on forex and gold trading. 💼💰🚀
1. Educate Yourself:
Before diving into day trading, it is crucial to understand the intricacies of...
With the unfortunate demise of the prop firm My Forex Funds, the issue of slippage has recently become a hot topic. This educational post takes a look at the slippery issue of slippage, beginning with the basics all the way to addressing popular theories and speculations about slippage. Something to remember is that every trader, regardless of expertise, will...
What it is?
Candlestick rejection strategy is a pure price action swing trading strategy. It makes use of the concept of price rejection or candlestick rejection patterns to invalidate counter-trend momentum for a trade continuation.
By applying such candlestick rejection strategy onto swing trading, it allows trades to capture spots at which market prices...
“Leverage” means using a small amount of your own money in order to control a much larger amount of money. Typically, you borrow the remaining amount through your broker.
For example, say you want to control a $50,000 position. Your broker might put aside $500 of your own money and borrow the remainder. You now have control over the $50,000 with just $500...
“Leverage” means using a small amount of your own money in order to control a much larger amount of money. Typically, you borrow the remaining amount through your broker.
For example, say you want to control a $50,000 position. Your broker might put aside $500 of your own money and borrow the remainder. You now have control over the $50,000 with just $500...
What it is?
Candlestick rejection strategy is a pure price action swing trading strategy. It makes use of the concept of price rejection or candlestick rejection patterns to invalidate counter-trend momentum for a trade continuation.
By applying such candlestick rejection strategy onto swing trading, it allows trades to capture spots at which market prices are...
Revenge trading!
It all catches us all out at some point in our trading journey's.
The markets don't care about your loss and neither should you!
Losses are a part of trading and have to be accepted.
No one can be right 100% of the time regardless of method used.
Revenge trading will add to those losses and compound that account draw down even more....
In this video I use simple easy to learn processes to mark out support and resistance levels. And importantly analyse if buyer or sellers are currently in control of the market.
If you have found this useful then please like the post, follow my page and share with any friends you think will find it useful.
In this video I explain what is Bitcoin fundamentally and why does it have value to investors.
If you have any questions then please comment below.
I hope this video has been informative.
Morning Traders - The next in our series of education posts is going to focus solely on Psychology. specifically regarding the psychology of OTHER people in the market. Once you nail this topic its going to give you a huge edge on the market.
Any trader is always looking whether the next few price swings are going to be bullish or are they going to be bearish?...
