Hello again! Interest rates can have a significant impact on the forex market , as they can affect the demand for and supply of different currencies. In general, higher interest rates tend to attract foreign investment and increase the demand for a currency, as investors can earn a higher return on their investments. This can lead to an appreciation of the...
Hello traders and future traders! The state of an economy can be either growing or shrinking. When an economy is growing, it typically leads to improved conditions for individuals and businesses. Conversely, when an economy is shrinking or experiencing a recession, it can have negative consequences. The central bank works to maintain a stable level of inflation...
1. Don't panic: Losing a trade can be frustrating, but it's important to remain calm and not make any hasty decisions. Remember that investing in stocks and cryptocurrency carries inherent risks, and losing a trade is a normal part of the process. 2. Don't hold onto a losing position: If a trade is not going in your favor, it's generally a good idea to cut...
Hey traders, In this article, we will discuss demo account trading. We will discuss its importance for newbie traders and its flaws. ➕Pros: Demo account is the best tool to get familiar with the financial markets. It gives you instant access to hundreds of different financial instruments. With a demo account, you can learn how the trading terminal works....
For forex traders, nothing embodies freedom more than those who trade full-time. After all, full-time traders enjoy freedom from their box-type offices, freedom of time, and freedom to choose which trading opportunities to take. Unfortunately, this brand of independence isn’t for everyone. Just like too much freedom can do more harm than good for some...
Set clear goals and limits: Before you begin trading, it's important to have a clear idea of what you hope to accomplish and how much risk you are willing to take on. This will help you make informed decisions and avoid making impulsive trades based on emotions. Control your emotions: Day trading can be stressful, and it's easy to let emotions like...
Hello Traders Losses Losses are an unavoidable element of trading, and it is important to understand that they are a regular part of the process. It's critical to remember that even the most successful traders suffer losses, and how they deal with such losses defines their total performance. Setting stop-loss orders, which are orders that automatically end a...
A candlestick chart reflects a given time period and provides information on the price's open, high, low, and close during that time. Each candlestick symbolizes a different period. Here are the main 4 elements of a candlestick: Body The body is the major component of a candlestick, and it's easy to spot because it's usually large and colored. Within the...
How to DYOR? Quick guide 90% of the time, the market is in a condition of uncertainty, which necessitates analysis. Before any investment, you need to ask yourself the question "is it worth it?" or "why can this project be profitable?". And, in order to fully comprehend the project, I've compiled a thesis list of questions that you should always ask yourself...
Dear traders, In this video I want to look at some basics of Elliott Wave analysis and how to spot top/bottom or reversal of a trend. There are specific patterns that can help us define useful set-ups for potential trade idea. Hope you will enjoy the video.
I wasted a lot of time from years one to four in my trading career. Being scammed led me to decide to create my unique trading strategy. I used the course material I bought and google to do so. It worked but after years of pain and suffering. If I had continued searching for a legit trading coach, I would've succeeded much quicker. But I'm grateful because I...
Hello traders For being a profitable trader, I thought long and hard about optimising all areas in my personal life (workout, sleep, nutrition, meditation, ..) but also enhancing any outputs putting my brain in a deep relaxed mode when trading. If it can make me a better trader, I'd do anything (including nootropics). I'm not letting anything out of my control...
The foreign exchange or forex market is the largest financial market in the world – larger even than the stock market, with a daily volume of $6.6 trillion. The forex market not only has many players but many types of players. Here we go through some of the major types of institutions and traders in forex markets: Commercial & Investment Banks The greatest...
If you give someone a button to print money, they will press it 1,400 years ago the Roman republic inflated its currency until its empire collapsed USD used to be backed by gold, but that ended in 1971 This allowed governments to print endless money Hyperinflation is just a matter of time The US government learned to overspend and print the difference The...
Hello everyone, Trading can be a challenging and often unpredictable pursuit. It’s easy to get discouraged and lose motivation when faced with setbacks and losses. But, with the right mindset and strategies, you can stay motivated and on track to achieve your trading goals. 1/ Set clear and specific goals. It’s important to have a clear idea of what you...
Hello traders 1/ Trading with the trend, also known as trend trading, is a strategy that involves buying and selling securities in the same direction as the underlying trend in the market. This is in contrast to trading against the trend, which involves taking positions opposite to the direction of the trend. The first one for me is easier on my mind... I don't...
Today we will discuss the stages you go through to reach freedom and how you can achieve it with awesome thinking models. The journey to financial freedom includes seven stages. 1. Clarity This is the stage where you are clear about your current financial position and where you want to be. 2. Self-sufficiency This is the stage where you can bear all your...
Expectations and Trading When you trade, you look at chances that either come true or don't. You can't expect or demand anything from the market or from other people who take part in the market. No one owes anyone anything in this world, and trading is no different. In trading, you have complete freedom of expression; you can do almost anything and however you...