Sooner or later every trader comes to the understanding that he needs his own trading system. It is possible to use others’ forex strategies, but they should also be adjusted and suit to you: to your own trading style. In this lesson we will talk about the necessary components of a trading strategy (TS), why a trader needs it, and what questions should be asked...
hello guys what do you add to above items? DO YOU AGREE OR NOT? do you becaome professional trader?
An important part of trading is trading on demo account, at least in the initial stages. But, after all, what's the point of earning fake dollars? After practicing on the demo, you need to switch to the live account with real money. You are going to find out when and how to do it correctly after reading this article. To begin with we would like to point out that...
In life, as in trading, there are many paradoxes. Some things are obvious, some are not. With experience comes awareness, and we begin to see what we have not seen before. Understanding the fundamental principles will help you move on correctly. Paradox #1: The more you need money, the longer you won't have it Everyone who came to trading needs money. Often a...
😎 In this tutorial, you will find out how to have a great 1:4.5 trade 🙏 Before reading this tutorial, please follow and like me 🔻 As you can see, the trend is downward Using the top and bottom seen in the 4-hour time frame, Fibonacci was drawn The range of 50 to 61 Fibonacci (golden zone) is too much for us to enter we will wait A good candle pattern is...
This time we are going to touch upon one of the basic things that every aspiring trader should have: a trading plan. Many people, after reading silly articles on the internet, confuse a trading plan with the rules of your trading strategy. Well, they are two different things. If you want to know what is a trading plan for forex trading, what it should contain and...
Tilray is a Cannabis stock, but the importance of this post is the art of fading. I have numerous posts on Volume profiles and how and why they are very effective, and have kinda made it a mission to show you how great they are! Here I am showing you how to fade around value, notice the profile, notice how price is trading sideways in this range and building mass...
With age, mental clarity deteriorates, we get tired faster and cannot focus on completing tasks for a long time. At the same time, age is not the only reason for the decline in performance. Lifestyle also plays an important role in this. Poor nutrition, lack of sleep and lack of exercise, constant stress, smoking and environmental pollution factors – all this...
The profession of a trader can add a whole wagonload of extra emotions and experiences to your life. Fear, along with other important emotions, hope and greed, drive the forex market. Because of the fear of losing money that affects everyone involved in forex trading, fear can be called the number one emotion in trading. Generally speaking, the emotion of fear...
An order is an offer sent using your Exchange or broker’s trading platform to open or close a transaction if the instructions specified by you are satisfied. Basically, the term “order” refers to how you will enter or exit a trade. Orders Types: There are some basic order types that all Exchanges or brokers provide and some others that sound...
Some complex things are easier to understand through analogies and metaphors. What do boxing and trading have in common? Nothing at first glance, but if you look closely… 1. You can't avoid the bumps. Even the best boxers with incredible technique and reaction are not able to get away from all the blows. At the same time, missing a shot does not mean losing, it's...
You will encounter an enormous amount of information in trading. The emotions you will experience while doing so will also be unlike anything else. Therefore, you will need a diary. And not just one, but two: A diary for traders and a diary for emotions. Trading diary This's simple. If you don't monitor the effectiveness of your trades and if you don't keep...
Hello, here is z18 reporting. Today I will make a small guide teaching you how to use all the tools that TradingView provides you directly to make your content the best it can be. Every content creator has quite a few tools when it comes to posting an idea. However, we will not talk about how to create an idea. Let's take a look at all the possible tools. █...
There are traders who live only from trading, there are quite a few of them. But do you think they have some secret formula for the market? Wouldn't it be great? A simple and clear way to make money from the market, no worries. You open a chart, take a trade, and just go away. In reality, it's not like that. Like many traders, I found it infinitely difficult,...
Multiframe analysis is when we analyze the same currency pair or other asset on several timeframes at once. You know that any price can be seen on a chart: Daily hourly 15 Minutes 5 Minute 1 minute We have plenty of opportunities to study the behavior of the same price. And it is the multiframe analysis that will allow us to do it correctly and...
Hello everyone Today I want to discuss Trading Robots with you. In trading, any trading method takes place, especially trading using a robot that is devoid of emotions and performs everything that is assigned to it with the accuracy of a tick. Robots have many pros and cons, let's figure everything out in order. Advantages Speed. Any program is able to...
Bites Of Trading Knowledge For New TOP Traders #13 ---------------------------------------------------------------- What is Bitcoin and from where did it originate? - Bitcoin is a digital form of a medium of exchange with no central bank control which issues fiat currencies. Instead, the financial system involving bitcoin is managed by thousands of computers...
Simple post just breaking down a few things I have learnt since I started trading, and for someone just starting out I think a quick brief look over these reasons for lack of results is helpful.