Here is a quick crash course on how I use the RSI along with Elliott Waves. - Using the 20, 30, 40, 60, 70, 80 levels within the context of the trend to spot entries - How to spot uptrends and downtrends with support and resistance - How to spot big 3rd wave moves - Using divergences to spot the end of a trend This can be used on any time-frame but I just use...
Hello everyone Today I want to discuss with you a serious issue of risk management. Surely each of you has heard about the 1% rule: do not risk more than 1% of your capital in one transaction. The rule is well-known and quite useful, it is better to lose 1% than the entire capital. Beginners, although they know this rule, rarely follow it and this is a big...
Why so few traders manage to bring their trading to the level of stable earnings, when trading becomes a source of income, and not a source of constant disappointment? Because before you start to get the "easy" money that everyone comes to this industry, you will have to go a long way to make a lot of mistakes, each of which will cost you money. To fall down many...
The chart shows the main trend (most of it) of this cryptocurrency. The timeframe is 1 week. Most people "trade" and do not understand the profit values of the price from the real set zones (not hamsters). Also shown are the recruitment zones (horizontal channel) and partial reset zones (until the triangle decoupling) of previously gained positions of large...
Hello friends, like every forex trader on Earth, I sometimes ask myself what are my strengths and weaknesses? How have I changed, and what qualities have I developed in myself? Today we're going to talk about how you can develop it. How susceptible are you to impatience? Impatience in ordinary life. But what does it mean to be able to "delay making a...
Bites Of Trading Knowledge For New TOP Traders #15 ---------------------------------------------------------------- What is an Interest Rate Differential? - An interest rate differential is a change in the interest rates between the currencies of two countries. It is a measure of how money from two countries compares to each other. What is the Carry Trade?...
The essence of divergence is very simple: The divergence of price and indicator movements. When price updates higher highs and the oscillator updates lower highs, it is divergence in its classic form. It could be stochastic, RSI, MACD, CCI and hundreds of other oscillators. Some traders believe divergence is the only oscillatory signal worth looking at. From...
Hello everyone! Today I want to discuss a topic that worries everyone: to trade or not to trade on a demo account. The demo account itself is a useful tool, but it also has a couple of disadvantages. Let's deal with everything in order. Advantages of a demo account Perhaps the most important plus is that you do not need to deposit your money into the...
"I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times." - Bruce Lee We, traders, have a natural passion for learning and that’s really great and helps us build that foundation for trading. However, a moment comes when enough is enough and it’s time to focus on something more specific. But very...
Hello, fellow Forex traders! Successful trading on the currency market is not only about having a trading strategy that suits you, emotional composure and risk control. Your work environment, where and how you trade, also plays an important role. So, what should be a trader's workplace? A computer You don't need super powerful hardware for the trading terminal....
YOU SHOULD KNOW THIS Hello everyone! Today I would like to remind you of a couple of things, the understanding of which will definitely take you to a new level. Let's go! 1. 99% of newbies come to trading with a desire to make quick money and that's the problem. Trading is a long game. It's worth understanding right away and remembering. In trading, it is...
The pin bar pattern is one of the best signals on any market for predicting the next move. But should you trust all pin bars? In my humble opinion, NO, and I’m explaining this idea below and the approach I take to distinguish valid pin bars from invalid ones. I suppose you already know what is a pin bar, so I’ll not explain its basic details here. If you don’t...
Hello everyone Today we will touch on a serious topic, at the end of which you will be able to determine who you are in the market. Let's go! Two types of people There are a large number of people in the forex market and they are all different. But, even considering the diversity, there are still common features by which people can be divided. Some come with a...
Long sitting at the computer, constant stress, bad ecology in the cities, unbalanced nutrition all this is detrimental to the health of forex trader, as well as any intellectual worker. Today is not going to be a typical post. We're going to talk about supplements that help improve mental and physical vitality under emotional pressure from the market. I will share...
Hi everyone. In the pursuit of success in forex, traders tend to focus on finding a strategy that gives the highest accuracy of entry. The pursuit of perfectionism in trading blinds their eyes and does not let them see the "forest for the trees". So, what are you missing out on? What important detail is missing from your trading plan? The profit/risk ratio is...
Bites Of Trading Knowledge For New TOP Traders #14 ---------------------------------------------------------------- What defines a Bear Market? - A bear market is when a market or even individual securities experiences extended price declines. The condition observed in the equity markets is where securities prices fall 20% or more from recent highs triggered...
One of the few aspects of forex trading where you can experience some certainty is that you will have losses. Losses are a part of trading, and one of the key differences between successful traders and the rest is not how much they lose, but how they handle those losses. Being able to lose is key to being a winner in the long run. How are you currently coping...
When there are not enough available funds in your account to meet margin requirements, the broker issues you a warning, which is called a Margin Call. Your broker automatically sends a margin call when your free margin reaches $0 and your margin level reaches 100%. From now on, it will be impossible to open new positions. Thanks to leverage, traders get leverage...