In Forex trading, understanding price movements is essential for success.
This article presenteds a conceptual ideology that metaphorically interprets price movements in Forex.
We explored range trading as breakfast and conversation, where traders analyze overbought and oversold levels on a RSI 4 for potential breakouts.
Trends were attributed to...
If you have made the decision to pursue a career as a trader and are on the path to mastering this profession, it doesn't matter which trading direction you prefer—whether it's intraday crypto trading, Forex trading, or stock trading on the stock market—you will inevitably face a choice:
Option 1: Freedom To be a free trader means being someone who learns from...
I've made this serious mistake when I started out trading.
I skipped from strategy to strategy, methodology to methodology.
I've tried almost everything. Signals, account management, mentorships, PAMM, expert advisors, bots and paid indicators.
Everything seems to be profitable, until I put my hands onto it. Many times, I found some profitability. After...
1) Does not Journal
They do NOT journal and proceed to continuously do the SAME thing day in day out expecting different results each time
2) FOMO
Proceeds to see someones open position on social media
Form a bias from that and open a trade based upon the individuals setup without any research
3) NO reasoning
Proceeds to stutter and talk nonsense if...
1. Reduce position size
The biggest stressor for traders is losing money.
If you're worried about how much you could potentially lose then using smaller position sizes can help you stay level headed
Even the best traders don't have a 100% hit rate. Losses will happen
2. Find high quality set ups
If nothing jumps out at you the first 10 seconds you look...
Find out why you should have a trade plan—and the five elements that may help you put it to work successfully.
Element 1: Your time horizon
How long do you plan to hold a position? This will depend on your trading strategy. Generally, traders fit into one of three categories:
Single-session traders are very active and look to gain from small price variations...
I breakdown some common trading misconceptions and how I conquered them
1) There is no "best strategy"
Strategy is one relatively small part of trading success, most strategies can be profitable other variables such as discipline and emotional control will determine whether you see success.
2) Get comfortable losing
If you are comfortable losing (within the...
Imagine yourself having the perfect trading plan. It suits your psychological needs and lifestyle. Yet, you're not confident in your strategy. Do you follow your trading plan? Or do you close winners early and take a full 1R loss on losers? This is what happened to me.
Why Trading?
I took up trading because it sounds like a very lucrative side hustle. Learning...
I vividly remember how I started to trade 8 years ago, how I was learning, and the things that I was doing.
Contemplating my old self, I notice a dramatic shift in my mindset in regard to trading.
Staring at the charts and desiring to make money on price action, I wanted to become a consistently profitable trader. Making the priorities, I decided to sacrifice...
Using R multiples is one of the most widely used strategies by professional traders for managing risk and tracking results. The R multiple concept is extremely easy to use and implement into your own strategy. With this simple idea, money management will become a breeze! If you have any questions or comments I would love to hear them!
A very warm welcome to this video which is all about the 3 Essentials to Start Trading .
This is for all of you out there that may be new to trading, that haven’t got a feel for the market yet and haven’t got started and maybe you’re asking yourself ‘What is it I need to do now to get myself up and running?’ We found out of the 20,000 plus traders that we’ve...
The evidence suggests that only a very small proportion of day traders makes money year over year.
There are certain patterns which may separate profitable traders from those who ultimately lose money. And indeed, there is one particular mistake that in our experience gets repeated time and time again. What is the single most important mistake that led to...
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...
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...
To grasp the timing of trading in the weekly gold price trend chart, the first task is to conduct an overall evaluation and analyze the market, and then wait for the opportunity to mature.
Due to the margin system implemented in the gold market, price fluctuations appear more volatile than other markets, making timing particularly important. Although timing is...
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...
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...
