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10 Things I Wish I Knew When Getting Started With TradingHere are ten key points I wish I knew 11 years ago 1. Position Sizing: Trade with suitable position sizes to minimize the emotional impact on decision-making. Ensure your trades are neither too small nor too large, balancing the potential for profit and the ability to make rational decisions. 2. Avoid FOMO: Don't trade based on the fear of missing out. Make informed decisions by analyzing the market and potential trades, rather than being swayed by others' excitement or panic. 3. When to Exit a Trade: Focus on trading based on technical analysis, not your profit and loss. Exit a trade when the conditions you entered the trade no longer apply. Consider using mental stops over hard stops, but only if you have enough experience. 4. Journal: Keep a detailed record of your trades to analyze and improve your performance. Track your wins, losses, and the specific conditions of each trade to identify areas that require improvement. 5. Buy High, Sell Higher: Embrace the concept of buying into strong trends for greater success. While "buy low, sell high" is a common mantra, buying into a growing trend can be a more effective strategy. 6. Different Types of Trades: Understand and become comfortable with various trade types, such as scalping, momentum trading, technical-based trades, and options trading. Each type requires different strategies and scanning techniques. 7. Resources: Choose educational resources wisely. Avoid get-rich-quick schemes and focus on informative materials that teach essential concepts like candlesticks, indicators, options, and scanner settings. Look for resources that acknowledge the difficulty of trading and offer well-rounded, sustainable strategies. 8. Stop Predicting Tops and Bottoms: Focus on following the charts and resist the urge to predict tops and bottoms. Counter-trend trading is a common reason new traders lose money. 9. You Are Not an Economist: Trade based on current market conditions, not long-term predictions. Avoid developing a market bias that could negatively impact your trades, even your day trades. 10. Don't Trade What You Don't Know: Gain sufficient knowledge before trading a particular instrument. Jumping into a trade without understanding the underlying mechanisms can lead to costly mistakes. Educate yourself before diving into new trading instruments. Yours,
BITSTAMP:BTCUSDEducation
by VectorAlgo
6
Learning Fibonacci Price Theory - MUST WATCHEven though I got cut off after about 25 minutes, I'm sharing this with all of you to teach you how to use one fo the most important PRICE STRUCTURE features for any chart Fibonacci Price Theory. The consensus of all TA is that PRICE tells us everything. Fibonacci Price Theory is the REAL DEAL. Use it on a 1 minute, 5 minute, 60 minute, or Daily - ANY TIME-FRAME Use it in conjunction with other TA/Indicators. Use it with Elliot Wave analysis. USE IT. My experience is that all indicators/theories/strategies have strengths/weaknesses. If you are not aware of them (yet) - pay attention. Follow my research and I'll continue to try to share tidbits of advanced TA/Fibonacci with you. I created this to help my followers/friends learn one of the most critical price structure components of my own research. I see all price charts in the manner I've illustrated in this video. After more than 15 years of applied Fibonacci Price Theory/Structure - I can't help but NOT see price as "Fibonacci Fractals". Hope this helps.
NASDAQ:NVDAEducation
by BradMatheny
WHAT IS BULL TRAP?📊 ⚠️A bull trap is a false signal about an uptrend in stocks, indices or other stock assets, in which, after an impressive rally, the rate reverses and breaks through the previous support level. Such a change seems to "catch" traders or investors who acted on a buy signal, and brings losses on long positions. A bull trap can also be called a "saw" trend. The opposite of a bull trap is a "bear trap", it occurs when sellers cannot push the price below the resistance level. ❗️A bull trap is a reversal of the exchange rate, due to which market participants hoping for an opposite price movement close positions with unexpected losses. ❗️Bull traps occur when buyers fail to continue the rally that has broken through the resistance level. ❗️Traders and investors may fall into bull traps less often if they analyze the probability of further growth after the breakdown using technical indicators and/or divergence patterns. ✅The essence of the concept ⏺A bull trap occurs when a trader or investor buys an asset that has broken through the resistance level – a generally accepted strategy based on technical analysis. Although there is often a rapid growth of the exchange rate after the breakdown, the price can quickly change direction. This situation is called a "bull trap" – traders and investors who bought the breakdown are "caught" in a trading "trap". ⏺It can be avoided if you observe additional signs of a level breakdown. In particular, the growth of above-average trading volume and the appearance of bullish candles after the breakdown can confirm that the price is likely to continue to rise. And a breakdown in which the volume decreases, or candlesticks with a small body – for example, the doji star – may be signs of a bull trap. ⏺From the point of view of psychology, bull traps occur when bulls are unable to continue the rally after the breakdown of the level, this may be due to the lack of momentum and/or profit taking. Bears, if they see discrepancies, may seize the opportunity to sell the asset and thereby push prices below the resistance level, which may trigger stop-loss orders. ⏺The best way to deal with bull traps is to recognize warning signs in advance, such as a low breakdown volume, and exit the deal as soon as possible. Stop losses, especially if the market is moving fast, can help in this and prevent you from making a decision under the influence of emotions. ❤️ Please, support our work with like & comment! ❤️
OANDA:XAUUSDEducation
by UnitedSignals
8
Triangle Patterns 📐 ❗️The triangle is one of the most common and reliable figures of graphical analysis. This is a strong pattern that can bring you a lot of points of profit if you approach its trading correctly. ✅What is a triangle pattern? ⚠️A triangle pattern is a pattern formed on a price chart. It is usually identified when the tops and bottoms of the price move towards each other, like the sides of a triangle. When the upper and lower levels of the triangle interact with the price, traders expect a possible breakdown. Thus, many breakout traders use triangle formations to find entry points. ✅Symmetrical Triangle A universal pattern can act both as a trend continuation figure and as a reversal figure. A symmetrical "Triangle" is formed by two converging support and resistance lines. It turns out such a picture - "bears" are gradually pushing the price down from the resistance line, "bulls" are pushing quotes up from the support line. As a result, one of them turns out to be stronger and the price breaks through the border of the symmetrical "Triangle", simultaneously collecting protective orders (Stop Loss / Stop) and pending orders. The position should be opened in the direction of the breakdown, after the price closes outside the boundaries of the symmetrical "Triangle". If the upper limit of the "Triangle" is broken, we buy, limit losses — we put a Stop Loss for the nearest minimum of the "Triangle", the benchmark for working out is the value of H (in points) — the base of the "Triangle" (the largest wave in the "Triangle"). If the lower limit of the "Triangle" is broken, we sell, limit losses — We put a stop for the nearest maximum of the "Triangle", the benchmark for working out is the value of H (in points) — the base of the "Triangle" (the largest wave in the "Triangle"). ✅Ascending Triangle The pattern is a continuation of the upward trend, but sometimes it is possible to work in the opposite direction. An ascending "Triangle" has been formed between the horizontal resistance level and the ascending support line. In the course of the upward trend, the "bulls" rest against a strong resistance level, which they cannot immediately overcome. From this level there are pullbacks downwards — waves of an ascending "Triangle". But gradually the pullbacks become smaller and at some point the bulls, having bought all the bearish sell orders, break through this level up, collecting Stops and pending buy orders. After breaking through the upper boundary of the ascending "Triangle", purchases are recommended, the Stop is placed below the nearest minimum of the "Triangle", working out is the value of the base of the "Triangle" H (in points), this is the largest wave of the "Triangle". ✅Descending Triangle The pattern is a continuation of the downward trend, but sometimes it is possible to work in the opposite direction. A descending "Triangle" is formed by two lines — a descending resistance line and a horizontal support level. During the downtrend, the "bears" stumble upon a strong support level, which they cannot break through immediately. This is followed by several pullbacks up from this level, during which a descending "Triangle" is formed. In the end, the "bears" sweep away all orders for the purchase of "bulls" and break through the support level down, collecting buyers' stops and pending sales orders. After breaking through the lower boundary of the descending "Triangle", sales are recommended, the Stop is placed above the nearest maximum of the "Triangle", the value of working out H is the size of the base of the "Triangle" — its largest wave. ❤️ Please, support our work with like & comment! ❤️
OANDA:XAUUSDEducation
by UnitedSignals
9
WHAT TYPE OF TRADER ARE YOU?👨‍🎓👩‍🎓 ⚠️Who is a Trader? ✅A trader is a trader, a speculator, acting on his own initiative and seeking to profit directly from the trading process. This usually means trading securities (stocks, bonds, futures, options) on the stock exchange. ✅Traders are also called traders in the foreign exchange (including forex) and commodity markets (for example, "oil trader"). Trading is carried out by a trader on both the exchange and over-the-counter markets. ✅The trader should not be confused with other traders who carry out transactions at the request of clients or in their interests (dealer, broker, distributor). ❗️What kind of traders are there? Types of traders: 1️⃣Scalper Scalping is a trading strategy that involves making a large number of transactions within a day. Scalpers make at least 10 trades a day. With an active market, professionals can make up to 100 trades. Scalpers play on small price fluctuations to get a small profit from each transaction. Often, a transaction can last less than a minute. Scalping can be considered a profession. The scalper's workplace is his scalper terminal. Here he spends a full working day. Scalpers analyze the market by the glass, the tape of transactions and clusters, less often by charts. As a rule, scalpers do not use technical analysis indicators for analysis. The main working timeframes of the scalper are from 1m to 5m. Many traders start with scalping. In theory, a scalper can seriously disperse a small deposit within a short time. Also, making a large number of transactions allows you to “fill your hand" faster. However, scalping requires a trader to be stress-resistant, disciplined and willing to learn from losses. 2️⃣Day Trader Day traders also trade within the day. They do not transfer transactions “through the night”, closing positions during the day or trading session (depending on the type of market, stock or cryptocurrency). As a rule, day traders make 5-10 trades a day. The market is analyzed through a glass, a tape of transactions, clusters and charts. Sometimes technical indicators are used. The working timeframes of day traders are from 5m to 1h. This type of trading is less demanding on the trader than scalping. But it also requires stress tolerance and willingness to spend your day at the computer. It will not be possible to fully trade inside the day via the phone. For successful trading, scalpers and day traders must adhere to strict risk management. They set the daily drawdown and determine the drawdown for each trade. As soon as a trader reaches the daily drawdown level, trading for the current day ends for him. 3️⃣Swing Trader Swing trading is based on capturing one major movement in the market (one "swing" of the price). Its essence is to exit the transaction before the price goes back to correction. Swing trading is different from day trading, which usually involves more frequent short positions and more active trading. It is also different from long-term investments and buy-and-hold strategies that take place over a long period of time. Swing trading refers to medium-term trades ranging from a few days to weeks. This technique got its name because of the determination of the maximum and minimum of each oscillation. Its essence consists in opening medium-term positions on the asset, which are held from several days to weeks. Choosing the time to hold a position in the market at the bottom or height of each medium—term trend is what distinguishes a swing trader from a day trader. Swing traders conduct extensive market research, be it fundamental or technical analysis. Anyone can become a swing trader. Start by understanding the definition of what swing trading means, learn all the basics. and then start researching whether swing trading is right for you. What type of trading do you prefer? ❤️ Please, support our work with like & comment! ❤️
OANDA:XAUUSDEducation
by UnitedSignals
14
What is LEVERAGE in Forex💰 ❗️Leverage is a brokerage service that is a loan in the form of cash or securities provided to a trader to secure a transaction. The loan amount may exceed the amount of the trader's deposit by 10, 20, 100 or more times. By analogy with the law of physics, leverage works as a lever, enabling a trader to make deals that he would not be able to with his own funds alone. The maximum leverage on the exchange does not depend on the trader's desire and the broker's capabilities. It is calculated based on the risks established by the clearing center for each asset. For example, if the risk amount for any stock is set at 10%, a trader will be able to trade it with a leverage of 1 to 10. If the risk value is 30%, then it is impossible to get a leverage greater than 1 to 3. Making transactions on the exchange using leverage is called margin trading. It is the conclusion of purchase and sale transactions using borrowed funds issued against the security of a certain amount, which is called margin. In other words, in order to use the leverage service, you must have a minimum amount on the deposit (set by the broker), which will be the collateral. The amount of leverage in trading is the ratio of the amount of the trader's own funds to the amount of the transaction (1:100, 1:1000). For example, if this indicator is 1:500, it means that the broker provides a loan amount 499 times higher than the investor's deposit. At the same time, one part of the investor's funds and 499 borrowed funds are used in the transaction. The word "credit" scares many away, but in fact there is nothing terrible in this concept. Leverage can indeed be called a loan in the usual sense of the word, but the interest on the use of borrowed assets is significantly less than the usual bank. When transferring the positions of the transaction to the next day, a commission is withdrawn from the account in the amount of the difference in the interest rates on the loan and the deposit - the so-called swap, which can be considered an analogue of the fee for using leverage. The loss on the transaction is deducted from the trader's own funds, if as a result their volume becomes less than the permissible minimum margin value, the broker will send a notification that the money is running out and the bidder needs to either replenish the account or close the position. Such an alert is called a Margin Call. If no action is taken, the transaction will be closed automatically (Stop out). ✅How to trade with leverage Leverage is a financial instrument that, with a competent approach, allows you to make large transactions and get a good profit even on small deposits. In order to use this tool correctly, follow the simple recommendations: Focus on your own deposit. Calculate the risks based on the available amount. It is better to use a small amount of borrowed funds, which will not allow you to lose all the money at once. With any leverage size, never trade for the entire deposit. Ideally, one operation should account for 1-2% of the deposit amount. Be sure to set Stop loss levels, this will help reduce risks. ⚠️IMPORTANT! Stop loss is an order that fixes the financial result when the price of the selected instrument reaches a certain level. The Stop loss parameter can be set before opening a position or after. But there is one important point: in a sale transaction, the specified level should be no less than the current price on the market, and in a purchase transaction - no more. ❤️ Please, support our work with like & comment! ❤️
OANDA:XAUUSDEducation
by UnitedSignals
9
Course About trading from scratchTHE ART OF CHARTING IF YOU ARE INTRESTED IN MY COURSE I CAN SEND IT TO YOU FOR FREE What you will get in this course : 01 Min STRATEGY Bonus EP01- Stock God -Purge Strategy -Building Mental capital -High Probability Trading EP02 Futures Don't lie -How Future Markets Works And how we can literally see big banks and hedge funds uyilizing liquidity -SIM data Analysis -importance of journaling and 30 day journal -trading plan refinement EP03 Stock God -How to backtest -Building Watchlist -HTF Direction bias -LTF framework -Psychology Aspect ANTFX EP04 -Trading plan on how practic Velocity -How to become demo baller before live -RR and how its not as important as you think JoshChartlab EP05 -Trading Psychology -Mindset -NY seesion Trading -Intraday Sauce on lower time frames -Walking ithrough his intraday trades
BITSTAMP:BTCUSDEducation
by FTraderx25
Trading Sessions in Forex | Trading Basics 🕰🌎 Hey traders, In this post, we will discuss trading sessions in Forex. Let's start with the definition: Trading session is daytime trading hours in a certain location. The opening and closing hours match with business hours. For that reason, trading hours are varying in different countries because of contrasting timezones. ❗️Please, note that different markets may have different trading hours. Also, some markets have pre-market and after-hours trading sessions. In this post, we are discussing only forex trading hours. The forex market opens on Sunday at 21:00 GMT and closes on Friday at 21:00 pm GMT. There are 4 main trading sessions in Forex: 🇦🇺 Australian (Sydney) Session Opens at 21:00 GMT and closes at 06:00 GMT 🇯🇵 Asian (Tokyo) Session Opens at 12:00 GMT and closes at 9:00 GMT. 🇬🇧 UK (London) Session Opens at 7:00 GMT and closes at 16:00 GMT. 🇺🇸 US (New York) Session Opens at 12:00 GMT and closes at 21:00 GMT. Asian trading session is usually categorized by low trading volumes while UK and US sessions are categorized by high trading volumes. Personally, I trade the entire UK session and US opening and usually skip Australian and Asian sessions. What trading sessions do you trade? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Education
by VasilyTrader
2
Types of Orders & Their Features📚 ⚠️One of the first things that novice traders should learn is how to use different types of orders. The exact number of orders available to you often depends on which broker you are going to use. Learning how to use different types of orders correctly is part of comprehensive trading training. ❗️The most popular types of forex orders: ✅Market orders A market order is probably the simplest and most common type of order. It is usually executed immediately by the broker if it has not arrived in too large a size or has been placed in fast-moving markets. As the name implies, market orders include buying or selling a currency pair at the current market rate. Market orders can be used by a trader for long or short positions. They can also be used to close current positions by buying or selling. One of the main advantages of market orders is that they are almost always executed. The disadvantage of using market orders is that you can get an unexpectedly unfavorable price if the market moves quickly against your position. ✅Limit orders Whenever a trader wants to specify a lower or higher price at which an order should be executed, this type of order is called a limit order. Limit orders can be used to stop losses, as well as to fix profits. The name of this type of order arises from the fact that the trader demanded that transactions concluded on his behalf be limited to transactions executed at the specified exchange rate or better. In practice, however, limit orders are usually executed at the specified price, although a broker may offer a better order execution rate to impress a particularly good client. Some traders like to use a certain type of limit order, which is called a Fill or Kill or FOK order. The first type of FOK order tells the broker to either fully execute the order at a certain price, or cancel it. The second type of FOK order instructs the broker to immediately execute all orders at the specified price, and then cancel all others. This last type of Fill or Kill order is most often used when trading large amounts. ✅Take Profit orders The take profit order is one of the most common types of limit orders. As the name suggests, it is usually used by a trader who wants to liquidate an existing position with a profit. Therefore, the price level indicated in the take profit order should be better than the prevailing market rate. If the trader's initial position is short, the take profit order will include the redemption of this short position at a price lower than the prevailing one in the market. Conversely, if they held a long position in accordance with the take profit order, it would be liquidated if the market moved up. Traders may sometimes indicate that their take profit orders are of the "All or Nothing" or AON type. This means that the order must be either fully executed or not executed at all. AONs are used to prevent partial execution of orders, which may be considered undesirable. Alternatively, traders can choose to partially fill in a smaller amount than the entire amount of the take profit order. This can be useful if the broker trying to execute the order can only execute part of the order at the exchange rate specified in the order. ✅Stop loss orders A stop loss order is another very common type of order, usually used to liquidate an existing position. Such orders are usually executed as market orders as soon as the stop loss level is triggered when trading currency at this level. In fact, when the market has gone against an existing position to a point and the exchange rate has reached the specified stop loss level, the stop loss order is executed and causes the trader to incur a loss. However, a stop loss order limits the trader's further losses if the price continues to move in the same unfavorable direction. This makes stop loss orders an important part of risk management strategies for many traders. ❤️ Please, support our work with like & comment! ❤️
OANDA:XAUUSDEducation
by UnitedSignals
3
3 Types of Charts You Must Know 📈 Hey traders, In this post, we will discuss 3 most popular types of charts. We will discuss the advantages and disadvantages of each one, and you will decide what type is the most appropriate for you. 📈Line Chart. Line chart is the most common chart applied by analysts. Reading financial articles in different news outlets, I noticed that most of the time the authors apply line chart for the data representation. On a price chart, the only parameter that the one can set is a time period. Time period will define a time of a security closing price. The security closing prices overtime will serve as ​data points. These points will be connected with a continuous line. Line charts are applied for displaying an asset's price history, reducing the noise from less volatile times. Being simplistic, they can provide a general picture and market sentiment. However, they are considered to be insufficient for pattern recognition and in depth analysis. 📏Range Bar Chart. In contrast to a line chart, a range bar chart does not consider time horizon. The only parameter that the one can set is a price range. By the range, I mean a price interval where the price moves. A new bar will be formed only once the prices passes the desired range. Such a chart allows to completely ignore time variable focusing only on price movement and hence reducing the market noise. The chart will plot new bars only when the market is volatile, and it will stagnate while the market is weak and consolidating. Accurately setting a desired price range, one can get multiple insights analyzing a range bar chart. 🕯Candlestick Chart. The most popular chart among technicians and my personal favorite. With just one single parameter - time period, the chart plots candlesticks. Each candlestick is formed as a desired time period passes. It contains an information about the opening price level, closing price, high and low of a selected time period. Candlestick chart is applied for pattern recognition and in-depth analysis. Its study unveils the behavior of the market participants and their actions at a desired time period. Of course, each chart has its own pluses and minuses. Choosing its type, you should know exactly what information do you want to derive from the chart. What chart type do you prefer? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
12
Post Trade Analysis: NASDAQ & WTIHey Traders! In this video we go over a brief post trade analysis of the trades we've taken so far today on NASDAQ and WTI. As a practice we highly recommend every one of you guys to actually perform a PTA on your own trades as it is literally the best way to improve as a trader as you will find your good and bad habits quickly. For example if you are not following your entry process you'll quickly understand that you should. Anyway, we will make a longer post about this on Wednesday and explain it in detail, exactly what we do and why we do it! All the best!
BITSTAMP:BTCUSDEducation
by PrimedGroup
PRICE ACTION TRADING | THREE TYPES OF TRIANGLES YOU MUST KNOW 📐 Hey traders, In this post, we will discuss 3 simple and profitable types of a triangle pattern. 1️⃣The first type of triangle is called a descending triangle. It is a reversal price action pattern that quite accurately indicates the exhaustion of a bullish trend. Setting a new higher high the market retraces and sets a higher low, then bulls start pushing again but are not able to retest a current high and instead the price sets a lower high and drops to the level of the last higher low setting an equal low. The price keeps trading in such a manner setting lower highs and equal lows till the price sets a new lower low. Most of the time it gives a very accurate signal of a coming bearish move. Please, note that a triangle formation by itself does not give an accurate short signal. The trigger that you should wait for is a formation of a new lower low. 2️⃣The second type of triangle is called a symmetrical triangle. It is a classic indecision pattern. It can be formed in a bullish, bearish trend, or sideways market. The price action starts contracting within a narrowing range setting lower highs and higher lows. Based on them, two trend lines can be drawn. Breakout of one of the trend lines with a quite high probability indicates a future direction of the market. 3️⃣The third type of triangle is called an ascending triangle. It is a reversal price action pattern that quite accurately indicates the exhaustion of a bearish trend. Setting a new lower low the market retraces and sets a lower high, then bears start pushing again but are not able to retest a current low and instead the price sets a higher low and bounces to the level of the last lower high setting an equal high. The price keeps trading in such a manner setting higher lows and equal highs till the price sets a new higher high. Most of the time it gives a very accurate signal of a coming bullish move. 📍Please, note that a triangle formation by itself does not give an accurate long signal. The trigger that you should wait for is a formation of a new higher high. Learn to recognize such triangles and you will see how accurate they are. Let me know what pattern do you want to learn in the next post? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
4
Why Less Trading Gives Better Results!Hey hey traders! We're coming to you with a nice and short video on why trading less is actually better for you, atleast based on our experience! Being a full time day trader I found it hard to actually be at my best and trade all day long... at the end of the day trading is a means to an end, its only purpose is for you to exchange your knowledge, effort and focus for money, yet you do not need to sit there all day to do that, 60mins of focus is better than a whole day of nothing. Try what we preach for the rest of the week and you'll be amazed at your performance! Good luck trading!
OANDA:DE30EUREducation
by PrimedGroup
4
Education: VolumeIntroduction A financial transaction involving an exchange of goods results from a mutual agreement between buyer and seller. When referring to securities like stocks, an amount of goods exchanged between these two parties is called a volume. On a chart, the volume is often represented by green and red bars below the graph of a particular security. Information about the volume can give an analyst a better sense of market sentiment and help with the timing of trades. Volume and liquidity The amount of liquidity in a market translates to the ability to buy or sell a security. Money market instruments and marketable securities are considered to be liquid assets. However, market conditions do not always allow for enough liquidity, which is reflected in the volume. Sometimes, low liquidity may result in volatile price action, trend reversals, market gaps, etc. Generally, securities with high daily volume are more liquid than securities with low daily volume. Market holidays and shortened trading sessions have a tendency to be accompanied by low daily volume. Illustration 1.01 The picture above shows Histogen Inc. on a daily time frame. Penny, micro-cap, and nano-cap stocks, which trade over-the-counter, are notorious for their low daily volumes. The price-volume relationship Analyzing the price-volume trend can reveal additional clues for the successful execution of a trade. Usually, an asset's simultaneous increase in volume and price is considered positive. Additionally, it often confirms a bullish thesis. However, a decrease in volume accompanying an ongoing rise in the price may give a technical analyst a hint that fewer buyers are willing to buy an asset. Therefore, a technical analyst should treat the decrease in volume and increase in price with some skepticism and pay close attention to it. The same rule applies when volume increases and price decreases simultaneously. Some analysts like to differentiate between significant and insignificant moves depending on the volume size. Price moves that occur on low volume tend to be considered less important than those on high volume. Typically, volume tends to increase as a trend develops. In an uptrend, a security tends to top when buyers are no longer willing to pay the asking price and start leaving a market. In a downtrend, a bottom tends to form when sellers lessen their selling pressure; or a substantial portion of new buyers enter a market. In some instances, quick and sharp growth in volume can signal the beginning of a new trend; or it may imply new traders have entered the market. Illustration 1.02 The illustration shows the Covid 19 crash in 2020. Volume can be seen increasing in the early stage of the crash; it is accompanied by a fast and sharp drop in price. Eventually, volume can be seen decreasing towards pre-pandemic levels, reflecting weakening selling pressure. Reporting Each market exchange tracks and reports its volume data for a particular security. Volume is regularly updated throughout the trading session. However, the figure is only estimated as final figures are reported on the following day. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NYSE:GMEducation
by Tradersweekly
7
Being a weekend trading warriorYour results on Monday will be influenced by the work that you do on the weekend, specifically Sunday. As an intraday trader I constantly think about my trading. Here are a few points which every trader should focus on, 1 - Mapping our mental weaknesses We all have mental challenges, some of us have a lot of FOMO, while others oversize and over trade, you know what is holding you back as a trader... FIND IT AND WORK ON IT! 2 - Reviewing trades (winners & losers) Search for the plays where you can add size, search for patterns that you can exploit next week, review your best trades. What trades worked best for you? more of these on Monday. What trades are not working for you? Eliminate them. 3 - Checking for key levels & patterns The best in every industry practice and train... yet probably 90% of traders never really do any kind of practice, they search for a strategy and then cannot wait to apply it to the markets... real traders work on their trading hence they create REAL SKILLS!
BITSTAMP:BTCUSDEducation
by PrimedGroup
5