Hey traders, In this post, we will discuss 6 crucial things in your trade planning and the main elements of trade results assessment. 1️⃣ - Before you open a trading position, make sure that you analyzed the chart. You should identify a market trend and spot major key levels. Here on WTI Crude Oil I have analyzed key levels and came to the conclusion that...
👉🏻The world of investing can be a wild ride, full of twists and turns that can lead to either high gains or crushing losses. That’s why it’s important to understand the different risk levels that come with investing in various assets. Let’s explore the three main categories of investment risk levels: low, moderate, and high. 💹Low Risk If you’re risk-averse and...
Trading can be a lucrative career, but it's not easy to navigate the markets on your own. This is where a mentor comes in - an experienced trader who can guide you through the ups and downs of the stock market, teach you strategies and provide valuable insights that will help you succeed in trading. In this article, we will explore the benefits of having a...
It takes a period of 3-5 years to obtain a degree. Gaining experience in a reputable 9-5 job typically requires 5-10 years. To become a professional athlete, one needs to undergo 10 years of training. If you don't achieve millionaire status in trading within 6 months, it's common for people to give up. However, it's important to recognize that patience and...
As a professional forex and gold trader, it's essential to understand the anatomy of successful trading. From market analysis to risk management, there are specific body parts, or components, that make up a successful trader. Here's a breakdown of each component and its role in pro trading. 👁 Eyes - Market Analysis Successful traders know that the markets are...
This might surprise you. I was actually a content creator on Youtube and blogs before I focus on trading. Trading was something I do on the side as I was trying to achieve consistency. From young I already knew that I do not want to work in a 9 - 5 until I retire. I want to enjoy my life without worrying for money. I read a lot of books on personal finance,...
In the movie Limitless (2011), Eddie Morra (Played by Bradley Cooper) takes a mysterious pill, NZT-48 , that turns him from a struggling writer to a financial wizard . The pill unleashes 100% of his cognitive power, transforming him into an intellectual powerhouse. About 40 minutes in, there is a scene. Hank: "Pattern recognition. That's your snake...
Greetings, my wonderful followers! 😇 Today, our focus will be on understanding the mindset of successful traders, exploring their thoughts and what sets them apart from those who struggle, based on their way of thinking. We will examine a non-exhaustive list of insightful quotes that are worth knowing and remembering. I recommend keeping a notepad handy to jot...
Over the past five years of trading, I have recognized the importance of continuously critiquing myself and my trading strategy. I diligently monitor my performance on a daily, weekly, monthly, quarterly, and yearly basis. Here's a concise list of the rules I have followed prior to entering and exiting a trade: ✅ Entry Rules Ensuring that the stop loss is...
Trading gold or forex can potentially lead to various outcomes, both positive and negative. Here are five potential outcomes to consider: 1. Profitable Outcome: Trading in gold or forex can result in profits, which is the ultimate goal of any trader. A trader can make gains if the asset’s value increases, and they sell the asset at a higher price than their...
Attention, traders, Breakout trading stands as one of the most widely used trading strategies, offering a seemingly simple concept that becomes intricate and convoluted in practice. In this article, we will explore seven essential steps that every breakout trader should adhere to. 📚To provide a brief overview of breakout trading, this approach revolves around...
Trading is one of the most fascinating and exciting professions in the world. It promises huge profits, financial independence, and the ability to work from anywhere. But with great rewards come great risks, and 90% of traders fail. Why do so many traders fail? Let's explore the reasons. 📚Lack of education: Many traders jump into trading without the proper...
Today, I'd like to introduce you to the 'AEM' framework – a three-step process to successful trading. This framework is designed for everyone, from beginners starting their journey to seasoned professionals looking to refine their strategies. It involves three fundamental steps: Analyze, Execute, and Manage. Let's break down each element: 🔍 'A' for Analyze The...
Mastering the Path to Becoming an Alpha Trader: Essential Principles for Success Exercise Discipline: Avoid Overtrading Maintaining discipline is crucial in the fast-paced world of trading. Resist the temptation to trade excessively, as quality always trumps quantity. Remember, patience is a virtue, and waiting for high-quality setups will yield better...
Trade what you see, not what you feel. Human are emotional creatures. Believe it or not, I had attitude problems in the past. I get angry easily and this is a bad trait to be a trader. In the beginning when I was still a noob, I would fund a live account without learning how to trade properly. I buy and sell base off moving average, RSI, MACD, and signals. You...
f you are relatively new to trading crypto currencies, then this tutorial is what you need. In this tutorial, I will try to explain how you can use crypto to grow your capital consistently everyday. Don’t just Hodl Hodling (a.k.a. holding currencies) is the strategy of buying some crypto asset (e.g. Litecoin) and holding it for many days, weeks, months or even...
Japan’s famed ‘bedroom’ trader Takashi Kotegawa is one of its most famous intra day traders,who made a fortune from trading stocks on the Tokyo Stock Exchange in the early 2000s. Apparently he grew a small account of roughly $13,600 to $153 million in just about 8 years! In fact sometimes he even made millions per trade. Now, driven by ambition, he sets his sights...
"Trade what you see, not what you think. Successful risk management requires confident biases and the courage to stick to your strategy even when the market behaves unexpectedly. As traders, we must adapt and manage the market to minimize risk and maximize profits. The market is the ultimate judge, jury, and employer." "No position is a position. Before entering...