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...
For trading stocks, futures, or forex, taking profits is also part of the trading process. For investors, taking profits and adhering to it during a trade is effective. When to take profits? Where is the best position for stop loss and take profit? Which strategy is more profitable? Taking profits and stop loss is one of the most important aspects of trading. If...
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 several reasons why losses are part of the game: 1️⃣Emotion: Traders, just like all human being, are prone to emotional bias, which can lead to impulsive decision making and ultimately to losses. 2️⃣Probability: Even with the best trading strategy, there will be losing trades. It's important to remember that not all trades will be successful,...
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...
What is Risk-Reward Ratio? The risk-reward ratio is a ratio used in investing that compares the potential profit or gain of an investment to the potential loss or risk that it poses. This ratio is often used to determine whether an investment is worth pursuing or not, and can be a helpful tool in managing risk. The risk-reward ratio is typically expressed as a...
For trading in stocks, futures, or forex, stop loss is a part of the trade. It only works effectively for investors if it is included and adhered to in every transaction. As we all know, stock investment requires three basic skills: stock selection, stop loss techniques, and profit-taking strategies. However, many investors do not pay enough attention to stop...
Support and resistance levels are the lost art of trading any market. In using support and resistance zones, I also use various MA's (Moving Averages) to assist me in finding the perfect entry. Now no trading strategy is completely waterproof. The market will act and react however it wants to, and a multitude of factors can drastically alter price action so take...
The price of the Japanese Yen (JPY) can be influenced by a variety of factors, including: 1. Macroeconomic factors: The value of the JPY can be affected by macroeconomic indicators such as GDP growth, inflation, interest rates, and unemployment. For example, if Japan's GDP grows at a faster rate than expected, this can cause the value of the JPY to increase. 2....
Note: The angle spanning from .7242 Mon 06 Marc '23 21:30 and .7547 Tue 07 Mar '23 3:00 - It is about 19 on this scaling The next angle below it is 1/2 of that; 19/2 = 9.5 These intersect the price at .7547 and create time objectives; these time objectives were used concurrently with price to note times of major change.
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...
The four market phases in trading are characterized by different levels of buying and selling activity, trading volumes, news and sentiment, and price trends. By understanding these phases, traders and investors can better anticipate market movements and position themselves to take advantage of opportunities as they arise. 🔹 Accumulation In this phase, the...
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,...
Leveraged trading allows even small retail traders to make money trading different financial markets. With a borrowed capital from your broker, you can empower your trading positions. The broker gives you a multiplier x10, x50, x100 (or other) referring to the number of times your trading positions are enhanced. Brokers offer leverage at a cost based on the...
During this meltdown that began in 2022, I have heard many traders discussing the market, conspiracy theories, how predictable it is, how this or how that, and how they can predict what will happen next. However, it is essential to remember certain truths that can help traders achieve consistent profits when it comes to trading. Therefore, I would like to...
< 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...
Gold is considered a safe-haven asset and is often sought after by investors during times of economic uncertainty or market volatility. The price of gold can be influenced by a number of factors, including: 1. Global economic conditions: Economic conditions such as inflation, interest rates, and stock market performance can all affect the price of gold. In...