Whether you're new to Currency Trading or a seasoned trader, you can always improve your trading skills. Education is fundamental to successful trading. Here are some tips that will help hone your Currency trading skills.
⭐️Plan How You Will Trade
You may have heard the adage, "if you fail to plan, you plan to fail." This is particularly true in Forex...
In our second ever blog in our economics masterclass, we will be going over the extremely basic yet important basics of the markets. Today we will be going over Economic Methodology, The Nature and Purpose of Economic Activity and Economic Resources.
Economic methodology
Now Economics is a social science, it seeks to understand how individuals, businesses,...
Whether you are just getting started or you’ve been on your journey for a while now, you’ve probably discovered that day trading is not easy. You’re putting your hard-earned money on the line and facing new challenges daily. That said, every challenge you conquer takes you one step closer to your ultimate goal.
Small behavioral changes can have profound...
Have you ever thought what is it like to be living life without a day job?
I'm sure many of you have the same experiences as me. Let's take a trip down the memory lane.
A life without a day job. That's nice. You don't have to wake up at 7am to prepare your day, dragging your feet to the washroom to washup. 7.45am you're out of your house, getting ready to...
The Relative Strength Index (RSI)
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is a popular technical indicator used by traders to identify overbought and oversold conditions in the market. The RSI with a period of 4 is a shorter-term version that can provide more frequent signals.
I use RSI 4 effectively following these steps:
Understanding RSI Basics:
The RSI measures the strength and speed of...
If you’re living paycheck-to-paycheck or stuck in a job you don’t love just to pay the bills, it can be easy to feel as though you’re financially trapped. But financial freedom doesn’t need to be elusive—with some focused and consistent effort, you may be able to achieve financial freedom sooner than you expected. Below, we’ll discuss the different stages of the...
As we all know, the three most popular trading styles are the following: Swing trading, Day trading, and Scalping.
This educational post is concentrated on highlighting some of the pros and cons of all three techniques.
When it comes to Swing Trading (middle to long-term trading), some of the advantages are less screen time, less anxiety, less risk, and less...
We often get mesmerized by someone’s above the surface success and don’t factor in all the below the surface opportunity-costs they paid to achieve that success.
This is the ‘iceberg illusion’. It’s been a fav analogy of mine for years. And yet, this just might be a better visual for sport than the ‘iceberg illusion’.
You see… the hyper focus on outcomes is...
For new market traders, review these common trading mistakes so you can avoid emotional blunders with your investments and take advantage of psychological edges.
The mechanics of trading are relatively simple. A click or two gets you into a trade, and a click or two gets you out. But the decision-making process behind those clicks is much more complex. And with...
In this educational article, I will share with you very useful tips how to improve your profitability in trading the financial markets.
1. Decrease the number of financial instruments in your watch list. ⬇️
Remember that each individual instrument in your watch list requires attention. The more of them you monitor on a daily basics, the harder it is to keep...
Chapter 1: Introduction to Sentiment Indicators
In the world of trading and investment, understanding market sentiment is essential for making informed decisions. Market sentiment refers to the overall attitude, emotions, and opinions of market participants towards a particular financial instrument, sector, or the market as a whole. It is a key factor that...
1. Money mindset is everything
You need to have a positive money mindset when it comes to creating wealth. Everyone carries a money story and it’s your job to understand what yours is and if it’s holding you back. Reframing your story to a millionaire’s mindset is essential for success because rich people think differently. How to get rich can’t be a...
What brings the consistent profits in trading?
Talking to hundreds of struggling traders from different parts of the globe, I realized that there are the common misconceptions concerning that subject.
In this educational article, we will discuss what really will make you profitable in trading.
🔔The first thing that 99% of struggling traders are looking for is...
Day trading refers to a style of trading where the trader buys and sells a financial instrument within the same day, or even multiple times a day. With the right strategy and knowledge, you can take advantage of small price movements in the currency exchange market to earn a potential profit. However, it takes a lot of practice and dedication to become...
THE BASICS:
Here is a close up of the Ichimoku Kinkō Hyō indicator:
Many people do not know that the Ichimoku Kinkō Hyō cloud system has its own Number, Wave, Target Price and Timespan Theories. After years of study, the numbers that Goichi Hosoda choose for his system are 9, 17, 26 as the basic numbers with 33, 42, 65, 76, 129 and 200~257. These numbers are...
📍Creating a trading plan and trading journal are two important steps in developing a successful trading strategy. Backtesting is also a crucial component of any trading plan. Here are the steps you can follow to create a trading plan, trading journal, and backtest your strategy.
🔷Define Your Goals and Risk Tolerance
The first step in creating a trading plan is...
Like anyone else on Earth, I’ve had successes (and failures) in years past, at both the personal and professional level. If you’re scoring at home, that’s called being a human being. I can probably make a case that failure is more important than success in many respects because you can’t really succeed unless you’ve truly inhaled your failures (own it!) and...
Hey traders,
Consistently profitable traders have a lot of things in common. Watching how they act and following their ideas & thoughts we can spot a lot of commonalities among them.
In this article, I have collected 8 trading habits that a trader should have to become successful.
1️⃣ - Continuous Learning 📚
The markets are infinitely deep in their...
