In the dynamic world of trading, success hinges on a robust skillset. Imagine this skillset as a pyramid, with each level representing a crucial component that traders must master to achieve consistent profitability. At the base, we have Technical Analysis, followed by Risk Management in the middle, and Discipline and Patience at the top. Additionally,...
Types of Stop Loss
Money Stop
Definition: A trader sets a fixed amount they are willing to lose on a trade, for example, £20.
Issue: This approach often leads to larger losses because it doesn’t align with market movements.
Advice: Avoid using the money stop.
Time Stop
Definition: Used mainly by scalpers, this involves closing a trade if it doesn't move...
I am trading multiple time frame analysis for many years. After reviewing trading ideas from various traders on Tradingview, I noticed that many traders are applying that incorrectly
In this article, I will share with you 5 essential tips , that will help you improve your multiple time frame analysis and top-down trading.
The Order of Analysis Matters...
For new traders, market decisions are often driven by emotions like fear and greed, rather than well-established trading strategies. While much has been written about this, there are other significant factors that influence traders' decisions:
Social Pressure: Traders often make trades based on the opinions and actions of others, rather than their own strategies...
Are you tired of feeling like your money disappears into thin air? Say goodbye to the ' MONEYGONE ' pattern with our collection of 27 articles packed with tips and tricks to keep your finances on track.
In #VestindaTips we've put together this big guide all about how prices move and patterns in trading.
Whether you're new to trading or you've been doing...
Bull markets are the epitome of investor optimism and economic growth, characterized by rising asset prices and increasing investor confidence. However, within every bull market, there lies a cyclical pattern composed of distinct phases: Discovery, Momentum, and Blow-off. Understanding these phases is crucial for investors to navigate the market efficiently and...
1) Look for trend - Trend is Friend
2) Enter small size position - Start small
3) Ride the trend - Up or Down
4) Set your exit plan - Take profits or Cut loss
5) Higher highs & Lower lows - Can be your exit strategy
Welcome to the thrilling world of timeframes—a place where every minute counts and every candlestick tells a story. You've probably asked yourself a million times, "What's the best timeframe to trade?" Well, buckle up because we're about to dive deep into the mesmerizing world of timeframes and trading strategies!
Picture this: timeframes are like puzzle pieces....
If you are planning to start Forex and Gold trading, I prepared for you a list of 6 essential things that you will need for a successful start.
1 - Charting Software
Obviously, if you want to trade, you should analyze the charts.
Most of the beginners apply metatrader 4 or 5 for that.
Even though meta trader is good as a trading terminal, from charting...
Supply and demand zones are crucial concepts in technical analysis. They represent where the market tends to pull back before moving in its natural impulsive move. You can gain valuable insights into your trades' potential entry and exit points by identifying these zones.
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Demand represents the quantity of buyers vs. sellers in the market. Supply represents...
Once you mature in trading and become a consistently profitable trader, the question arises: are you ready to trade full time?
Becoming a full time trade is a very significant step and my things must be taken into consideration before you make it.
✨ Becoming a full time trader implies that you quit your current job, that you give up a stable income - your...
In the today's article, I will reveal trading secrets I wish I knew when I started trading.
1️⃣ Forget about becoming a pro quickly
Most of the traders believe, that you can learn how to trade easily and that it takes a very short period of time in order to master a profitable trading strategy.
The truth is, however, that trading is a long journey.
I spent...
When trading forex, it's essential to check spreads, especially during holidays.
Trading forex during holidays can be a bit more challenging due to reduced liquidity in the market.
Liquidity refers to the ease with which assets can be bought or sold without causing a significant change in price. During holidays, liquidity can be lower as many...
While the basics seem straightforward, the intricacies of the market often trip up even the most knowledgeable individuals. Trading transcends a mere understanding of market dynamics; it requires a unique blend of pattern recognition, abstract thinking, and a mindset that combines personality traits, self-discipline, and a specific mental approach.
The...
The Diamond pattern, an often-overlooked gem in technical analysis, holds the potential for substantial profits.
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Despite its rarity, this unique pattern can be a valuable asset for traders. In this article, we'll explore the essentials of the Diamond pattern, from its formation principles to...
In this article, we delve into the intricacies of the Springboard Effect of Fibonacci Retracements , drawing parallels between the trading world and the physics of a springboard.
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The Springboard Analogy:
Imagine a scenario with four different springboards, each with varying degrees of...
Protecting Your Investments: The Art of Setting Stop Losses 📉💰
✅Setting stop losses is a crucial aspect of risk management in the world of investing. Whether you are a seasoned trader or just starting out, understanding how to set stop losses can help protect your capital and minimize losses. In this article, we will delve into the intricacies of setting stop...
In derivatives trading, achieving success can lead to substantial profits, but it's crucial to trade carefully to avoid costly mistakes.
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Here are six simple and practical tips to help develop a strategy for successful futures trading.
1. Craft a Clear Trade Plan
Before jumping into the...
