I hope this video helps someone deal with a losing trade, keeping in mind that there are reasons behind the failure of a trade. We zoom in on some of those reasons in this video
▶️ How Does the Market Move? At any given point in time, the market is likely to be moving in one of three directions: up, down, or sideways. Which direction is up? Which direction is down? And which way is sideways? When the market is moving up or down, it is said to be in a trend. When the market is moving sideways, it is typically in a period of...
This tutorial video discusses how to find KEY support and resistance within trading on any timeframe or market including FOREX, STOCKS or CRYPTO. DROP A LIKE AND SHARE WITH OTHER PEOPLE. P.S NOT A FINANCIAL ADVISOR... JUST FOR EDUCATIONAL AND LEARNING PURPOSES ONLY...
👋 Hello, fellow Forex traders! Overtrading is the most common problem, especially for traders trading on lower timeframes. It can arise for a number of reasons, so if you don't know what the main purpose of your trading is - i.e., what instruments you trade on, how you trade, what your trading strategy is, your motivations, personal styles and your trading and...
🔵The double top and double bottom are a pattern that can be used to find a counter-trend trading opportunity. This pattern can also be used as an entry technique in the markets. When this pattern is seen, the market is signaling to traders that a particular level of structure is important because price action is refusing to break and close above or below it. A...
Bites Of Trading Knowledge For New TOP Traders #16 ---------------------------------------------------------------- What is liquidity and what is its significance? - Liquidity refers to the availability of a product and ensures market participants have the ability to buy and sell easily. A liquid market increases the likelihood for finding a counterparty...
Let's see how the characteristics of a reversal and a pullback differ. 📈 A pullback: - Usually occurs after a strong price movement; - It does not last long; - The fundamental (macroeconomic) data does not change; - In an uptrend there are hints of its continuation, similarly for a downtrend. 📉 Reversal: - Can occur at any time; - Long term; - The...
a very obvious visual but necessary to share, I don't want any of you to fall into this madness of praying for a trade to work this is a reminder to not fall into FOMO trading to counter this, you need to remind yourself about the type of trades you are into, are you in an intraday swing, are you on a big swing that could take weeks or months to happen ? then,...
The American trading session is considered the largest in terms of volume and strength of market movements. All this is connected with the American economy, which is larger and stronger than the economies of other countries. The ability to correctly identify and use market fluctuations in the American session will help everyone earn a lot and quickly. The opening...
Today's article will be entirely devoted to reflections on such wonderful topics as: psychology, risk, workspace management, and analysis. 20% effort gives 80% results Many people probably heard about Pareto's law, the so-called 20/80 principle. Whether you agree with it or not, let us project this statement to the approach to trading as a technical analyst. ...
Have you ever wondered why do you feel uncomfortable when you enter a trade, doubt your prediction and then look at it and realize, if you had entered, here or here, everything would have worked out, but damn, something kept you from doing it? So, what could it be, why would there be such doubts before entering the trade? In my opinion these doubts may be caused...
Hello everyone! Today we continue the review of trading sessions on the forex market. The European Trading session is next in line. Let's get started! The European trading session is considered the most volatile of all. The main reasons for high volatility are the coincidences of the opening of the session with the work of the Asian session, in addition, the...
Do you have a tendency to perfectionism? So, the biggest question is, do you have a tendency toward perfectionism? "Perfectionists are people whose standards are very high and out of reach; they are people who are strenuous, involuntary, and unstoppable in their pursuit of an unattainable goal and who evaluate their own worth solely in terms of effectiveness and...
How many times have you looked at the chart trying to figure out if this signal is worth taking or not? And how many times have you made a profit in such cases? You don't have to look for good trades on purpose. You just wait and react. How often you should check the chart in forex trading, as well as the reasons why our brain sees trades where there are not...
Hello everyone! Each trading session has its own characteristics. According to these features, you as a trader should act. And today I want to discuss with you the specifics of the Asian trading session. Working hours The Asian trading session is open from 19:00 to 4:00 New York time. Trading in Asia begins with Tokyo, the main trading center is opened, the...
..I advocate that you focus on eliminating your biggest errors, rather than trying to acquire new knowledge.. ..It may feel like you are taking a step back, but this is a very useful heuristic for learning, because you are always acutely aware of what your biggest leaks are, and it is a much more efficient way to progress. When you constantly chop off your...
I can say unequivocally that without reading the trading book in this market you can't go far. People who do not develop will eventually end up with nothing. The well-known argument what is better, books or practice, makes no sense they are parts of a single coin. The question of "what to read" is also abstract. There is plenty of meaningful reading. Except that...
Everything is in the video :) Let me know if the concept is clear. Cheers!