Hello everyone, I will publish an article on how to become a top trader on the platform recently, and it will be updated continuously. This is the first article. The first thing I need to teach you is how to establish a correct investment psychology. It is easy for novice investors to fall into a misunderstanding, especially wanting to make a profit in this...
Many people enter because they know that this market can make people rich, but if you don't know these five things, you will only be ruthlessly harvested by the market. First: When all the analysis of the market and retail investors are firm that the market will go in a certain direction, you need to be vigilant, don't follow blindly, always believe that the...
Algorithmic trading has transformed the financial markets in recent years, enabling traders to make better-informed investment decisions and execute trades more quickly and accurately than ever before. As technology continues to evolve, new algorithmic trading strategies and techniques are emerging that promise to revolutionize the way that financial instruments...
Algorithmic Trading: Automating Financial Markets for Greater Efficiency and Profitability Explanation Algorithmic trading, also known as robo trading, is a process of using computer programs to execute trades automatically based on pre-defined rules or algorithms. It has revolutionized the way financial markets operate, making them more efficient, faster, and...
Today, I will share a practical secret that I have learned for many years. Don’t hesitate when trading. If you hesitate, then don’t trade in the short term. Many people also have the habit of making trading plans. For example, I will enter the market at any position today, but when the opportunity really arises, I hesitate to make a decision. After the market...
First:Making Plans Before trading every day, make a trading plan, so how to make a good plan? Take XAUUSD for example,If you mainly focus on short-term operations, focus on the key support and key resistance within the day, buy up at the support level, buy down at the resistance level, sell high and buy low, if you cannot accurately determine where the support...
The important point is to describe your psychological state in two cases: When you are not in a trade. When you are in a trade. In the first case, the common problem is missed profit. Often, novices take this very painfully and think about the missed opportunity that could have brought them potential profit. However, the market, especially the cryptocurrency...
Our mentor , who art in the market , hallowed be thy name ; thy strategy come ; thy emotions be controlled on live accounts as in on Demo. Give us this week our daily pip targets ; forgive us all our bad risk management as we forgive those who gave as signals that blow our accounts ; lead us not into stop loss but deliver us from stop hunts. For thy is the market...
Hey traders, In this educational article, we will compare full-time trading and full-time job. And I guess, the essential thing to start with is the money aspect. Full-time job guarantees you a stable month-to-month income with the pre-arranged bonuses. In contrast, trading does not give any guarantees. You never know whether a current trading month will be...
Hello Traders: First educational video since I went away 8 months ago :) This topic has been brought up many times, and I wanted to prepare this video for those who are still struggling with the concept of possibility in the market. Many inconsistent traders, when taking losses, often look at their strategy as the reason why the losses occurred. They often...
It’s important to do the right amount and kind of thinking when you’re trading: you don’t want to overwhelm yourself with information, you want to get into a flow state when you’re at your trading desk and you want to stay mindful about the kind of thoughts and feelings you’re having. In the legendary sports psychology book The Inner Game of Tennis Timothy...
Gaps are important parts of the financial market, especially in stocks and currencies. They happen when an asset opens at a significantly lower or higher price than where it closed at. Gap is a situation where a currency or any other asset opens sharply lower or higher than where it closed the previous day. Such a gap happens when there is a major event or news...
The iceberg illusion in trading refers to the perception gap between what people think trading is and what it actually means. Many people see trading as a simple way to make quick profits and accumulate wealth, with the idea that all one has to do is buy low and sell high. However, the reality is far more complex. Under the surface of what appears to be a...
Hey traders, In this educational article, I will share with you 5 simple tips that will help you not to blow your trading. 1️⃣Always Use Stop Loss. Let's start with the obvious - with the stop loss order. Never ever trade without that. Before you open your trade, plan in advance its placement, stick to it once the position becomes active and never remove...
How can traders create a balance between intellect and emotion? In trading, rationality and passion are two sides of the same coin. Rationality helps us make educated and reasonable trading decisions, but unbridled emotions may be harmful. How do traders strike a balance between these two factors? - Understand your emotions and their influence on your trading...
Holding trades is what I want to get better at and backtesting is going to help me do it. I've backtested NZDCHF today and found that it was a remarkable session. I was able to enter 4 trades in the span of 3 months gaining over what would have been 15% from the trades, but one trade hit my break even point so I gained around 12% from my trades. I used the...
Trading psychology is influenced by emotions like greed and fear, which can drive irrational behavior in markets. Greed causes excessive risk-taking and speculation, while fear causes traders to exit positions prematurely or avoid risk. Regret can also cause traders to violate discipline and make trades at peak prices, leading to losses. These emotions can be...
Funds and money in crypto First, let's determine why money are required for the project. Money . The first and most evident thought that occurs to mind. A startup exchanges a portion of its stock or tokens (often a soul) for digital evergreen paper. Is it feasible to grow your business without these funds? Certainly, you can, but why? When a team has...