shadowingthebigboys

Shadowing_The_Big_Boys

Hello Fellow traders! Welcome to another bite sized Mini series on forex! I hope that these info can open up your interest in forex trading and understand more about forex market! Trading in the forex market offers various opportunities for investors to capitalize on currency price movements and profit from exchange rate fluctuations. One of the most common...

Shadowing_The_Big_Boys

Hello Traders, here we go again! Let me cover a little bit more on the next topic in this mini series, the various currencies that are involved and a little descriptions about them! Let's begin! In the vast realm of forex trading, understanding the intricacies of currency pairs is fundamental to success. As a Full-time forex trader with years of live experience,...

Shadowing_The_Big_Boys

Hello Fellow Traders! Here's the next installation for you on Forex , a bite sized mini series! Enjoy! The Forex market, also known as the foreign exchange market, is the largest and most liquid financial market in the world. Its size and liquidity are unparalleled, dwarfing all other financial markets in terms of daily trading volume and accessibility. With an...

Shadowing_The_Big_Boys

Beginning with this post, I'm excited to share free educational content diving into the intricacies of Forex trading. We'll cover everything from fundamental basics to advanced concepts and terminology. My aim is to ignite your curiosity about Forex and encourage you to explore this dynamic market with me. Without delay, let's kick off this week's installment...

Shadowing_The_Big_Boys

Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Here are 4 numbers you should know so that you can become profitable in FX Trading: *Check out the Formula in the Chart picture* Position Size Determine the appropriate position size based on your risk tolerance, account equity, and the distance to your...

Shadowing_The_Big_Boys

Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. A lot new traders including myself started trading haphazardly. Why I said so? This is because firstly we humans like something that is new and we are all very curious and wanting to explore it. For trading, how you can get into the "fun" is by getting yourself involved...

Shadowing_The_Big_Boys

Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. A picture speaks a 1000 words and that is so true! Recently I came across this picture from moo moo. It actually strike a chord with the message that I always wanted to bring across, which is the importance of risk management! Always keep in mind that having your trade...

Shadowing_The_Big_Boys

Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. DRC stands for Daily Report Card To be all transparent I adopted this from smb capital. Credits and Kudos to them. I used it and did some modifications to suit my purpose. So you can do the same to what I have over here and modify according to your requirements. The...

Shadowing_The_Big_Boys

Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. To be a profitable, consistent and successful trader, I have yet seen anyone of them without a trading journal. This shows how important a trading journal is to a trader and the values it can bring to them. So, without further ado, let's see what we should look at and...

Shadowing_The_Big_Boys

Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. 1. Market Psychology and Greed/Fear Dynamics Trader psychology plays a significant role in market movements. As prices rise, greed may drive buying, causing the market to become overbought (likewise when market is down). Eventually, fear sets in as traders worry...

Shadowing_The_Big_Boys

Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Here are 5 reasons why it is too RISKY and you should'nt do it! > Challenges to recover - Large losses require proportionally larger gains to recover. A 50% drawdown requires you to have a gain of 100% to BREAKEVEN! > Emotional Stresses - Trading with such...

Shadowing_The_Big_Boys

Trading the Chart pattern Basics and Advanced Concepts Anatomy of Head and Shoulders Head and shoulder could possibly be one of the most common chart pattern we see on the chart. So what makes up this pattern? They are: 1. Left Shoulder: > The left shoulder forms as the price initially rises and then experiences a pullback. This creates the left peak of the...