Hey traders, In this post, we will discuss 3 classic trading strategies and stop placement rules . I will teach you how to set a safe stop loss, relying on price action. 1️⃣The first trading strategy is a trend line strategy . The technique implies buying/selling the touch of strong trend lines, expecting a strong bullish/bearish reaction from that. If...
Forex trading, also known as foreign exchange trading, buys and sells currencies to make a profit. It is the largest and most liquid financial market globally, with trillions of dollars traded daily. The forex market operates 24 hours a day, five days a week, allowing traders worldwide to participate. The Importance of Patience 🕰️ Patience is a fundamental...
In trading, timing is everything. Winning traders are patient. They know how to control their impulses so as to act decisively at the opportune moment. Rather than acting on a whim, they carefully devise a detailed trading plan, in which precise entry and exit strategies are specified, and strictly follow it. Discipline is the key to successful trading....
Trading can be a lucrative and exciting venture, but it can also be overwhelming and risky for new traders. Whether you are interested in stocks, forex, or other markets, there are some important tips to keep in mind as you begin your journey as a trader. Let's outline some of the top tips for new traders. Start with a solid education The first step to becoming...
1. People are born traders. While it is true that certain personal characteristics make it easier to trade, no one is born a trader. One of the main themes of the Market Wizards books written by Jack Schwager is that almost none of the market wizards was successful from the start. They all worked hard at it. 2. You have to have a high IQ to trade. Just not true....
In this video we try to make you understand how to read the data and make up your mind in a particular direction
Hey traders, In this post, we will discuss 3 classic trading strategies and stop placement rules. 1️⃣The first trading strategy is a trend line strategy. The technique implies buying/selling the touch of strong trend lines, expecting a strong bullish/bearish reaction from that. If you are buying a trend line, you should identify the previous low. Your stop...
Hey traders, If you are learning price action trading, you definitely must know a double bottom pattern. Double bottom is a reversal pattern. It is applied to spot early market reversal clues and catch the initiation of a new bullish trend. Preconditions for a double bottom: 1️⃣ The market must trade in a bearish trend. 2️⃣ After a formation of the last...
Hey Traders so In my last video we discussed what is support and resistance and why it is the most important concept in trading. Today I want to go over of the best tools we can use to find better trades called Fibonacci Retracements. Enjoy! Trade Well, Clifford
How to trade EMA timeframe : 4 hour Chart : MANABTC price is holding 100 EMA (7 candle holding perfectly) Good bounce off EMA 100 that's the good sign .. sideway accumulation complete Bounce is confirmation wait for retest ( we made bounce they are ready to move pump it added many new buyer and than again dump it and after filing order taking it higher ) >buy...