Remember to always spot the liquidity, before you become the liquidity... whether you trade liquidity or not,it is one of the most important thing to consider when trading,price moves from one pocket of liquidity to another. stay safe guys #IamACE #acedidit #AcetheTrader
Simply put, day trading is based on the principle of buying and selling a financial instrument within the same day, or even multiple times during the course of the day with a view to benefit from small price moves. This type of trading requires time, skill and discipline, as such, it is an ideal strategy for those who have the time to fully commit to the markets.
Do your research Forex trading might seem an ambitious undertaking, yet one needs to have proper knowledge of how markets work and a good understanding of the mechanics of Forex trading to succeed. Be realistic Approach Forex trading realistically right from the beginning. Determine a feasible percentage of winning trades considering your strategy and...
Studying price action and reviewing should be a key part to everyones trading and will improve overall results. Many Stocks, Currency pairs, Commodities or Indexes have differing nuances and characteristics with regards to Price Action so it is worth doing the homework before entering a trade. Even though they all trade around a similar Price Action Framework,...
Gold winded in February by strong US data while in March jumped by a Bank collapse Gold shed 5.2% in February, as surprisingly strong US economic data propelled both yields and the US dollar higher Global gold ETFs suffered more losses led by European funds while North American funds saw small outflows for the first time in two months. Recent futures...
In every Forex transaction, the trader is able to go long in one position while at the same time going short in another. To go long on a currency means that you buy it, in expectation of a rise in the market price. On the contrary, going short on a currency, means that you sell it, assuming that the price will fall.
The stochastic oscillator is a momentum indicator developed by George C. Lane, that measures the level of the close relative to the high-low range over a set period of time, usually 14 periods. This indicator fluctuates between 0 and 100. A currency is overbought (the price is trading near the top of the 14-day range) when the Stochastic is above 80, and oversold...
What is margin? How to Trade with Margin. Margin is a pivotal concept of Forex trading which is often misunderstood or neglected by traders. A margin is a portion of your account equity set aside and assigned as a good-faith deposit to hold open a position. It is often expressed as a percentage of the full amount of the chosen position. In the case of a trade...
What is a QML and How To Trade a QML You will have an in-depth knowledge of what is a qml and how to trade a qml in this blog. A Quasimodo is a reversal pattern that can be traded with FTR. Definition A QML is a reversal pattern that is created after a significant move in the market. Price will retrace back to fill the liquidity void. our main focus is a...
When it comes to actual trade orders, currencies are traded in specific amounts called lots. These come in a variety of sizes including: Standard, Mini, Micro and Nano – each of these comprise of different amounts of currency units.
An order is simply the way a trader enters or exits the Forex market. There are plenty of order types used by traders every day, yet it is important to choose the appropriate order type according to how you are going to trade, that is how you intend to enter and exit the market.
Was UBS a great buy last week, watch this and understand what really moves price, and its not the news, its the "Smart Money"!
In this post I explained about SUPPLY & DEMAND ZONES and how this supply and demand zones work in TECHNICAL & PSYCHOLOGICAL WAY'' for trading & investing Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
Beginners do not always understand what a stop-loss is, as there are sometimes inaccurate descriptions of its work principle. Many traders think a stop loss is unnecessary, considering it a measure for cowards. There are often recommendations like “Set a stop loss to limit potential losses.” But most inexperienced traders believe they could avoid significant...
What is a Stop-loss – definition for a beginner? A stop-loss order is an order placed with a broker to close a protected position when a quiet market develops according to an unfavorable situation scenario. If there is a buy signal (long position), a stop loss will close it if the price falls below a particular level, lower than the opening price. Stop-loss...
📍 What is Drop Base Rally in Trading? The drop base rally pattern in technical analysis is a chart pattern that appears when the market falls, then enters a period of sideways price action, and finally, shows explosive upward movements. Market makers open buy orders from demand zones to have a long position in trading. This is some kind of study for technical...
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...
Smart Money Concepts is a more sophisticated way of trading price action, while taking advantage of where institutions are likely to place their orders. This makes Smart Money Concepts a usable tool whenever you are dealing with hedge funds. What you are about to read is an elaborate tutorial explaining a lot about this trading strategy, including some trading...