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Learningtotrade

Trading Journey (1st Step)Hello Traders, I am currently learning Technical Analysis , and the ideas I post are what I call ("Learning Notes"). Comments on my analysis are very much welcome and will be greatly appreciated. If you like my analysis, kindly drop a like and follow me! :) Let us learn together, and grow together to be a better trader! Sincerely, Kenneth Disclaimer: This is not a long/short recommendation, nor should it lead to any market actions and/or activities. Trade at your own risk.
MYX:PTRANS
by Croissant_Life
Topglov - FA or TA? Who wins? (Learning Notes #10)Hello Traders, I am currently learning Technical Analysis , and the ideas I post are what I call ("Learning Notes"). Comments on my analysis are very much welcome and will be greatly appreciated. If you like my analysis, kindly drop a like and follow me! :) Let us learn together, and grow together to be a better trader! Sincerely, Kenneth Lee Disclaimer: This is not a long/short recommendation, nor should it lead to any market actions and/or activities. Trade at your own risk.
MYX:TOPGLOVShort
by Croissant_Life
Why most people fail as retail traders?I see two main reasons which complement each other for the high rate of failure. First and foremost, the media and the industry promote this idea that it’s easy to become a profitable trader and anybody can go it. This is, of course, not true. Theoretically, anybody can do it if willing to put the effort and approach it as a business. Practically almost nobody approaches trading with the same rigorousness as any other professional endeavor. Let’s put aside the first reason, about which there is not much we can do. A big chunk of the industry relies on peoples being naive and we’re not going to change that. On top of the first reason, we have a second reason related to people themselves. Most of those who try trading financial markets simply don’t manage their emotions and risk well enough to survive the learning curve. Managing your own emotions turns out to be a complex endeavor and constantly changing market conditions lengthen the learning curve. One of the things that makes this business so attractive is also the main thing that makes it so difficult to master. The direct and sometimes violent feedback you receive from the market, after each trading decision, has an astonishing impact on a human’s ability to keep his psychological well being in check and control his own reactions. It has the potential to disrupt executive functions and trigger instinctual “fight or flight” responses. This leads to emotional trading or trading on tilt which quickly generates more losses than any other mistake you could make in this business. Most other jobs have a protective buffer zone between usual day to day work decisions and the ultimate feedback — end of the month paycheck. This profession doesn’t. Every little call you make has an immediate impact on your capital. Every little mistake can take a portion of your capital away and every good decision can bring it all back and more. This kind of psychological exposure is heavily distressful and being aware of its mechanisms makes a huge difference. So … psychology differentiates the pro. Don’t get me wrong … professional discretionary traders are not emotionless but are much more aware and in control of their reactions. The successful pro deeply understands that trading is mainly about people's perceptions and the rest are just details. You may ask yourself how can such a level be reached? A starting point is to stay away from any market, financial instrument, time frame, trading technique, or any combination of those that doesn’t fit who you are deep inside. The least the exposure to triggers that can awake the demons within, the best. Always seek strategies that you understand and match your inner self. For example … if you are impatient trade shorter time frames, if you are very risk-averse don’t use huge margin, if you are risk-averse but you don’t have enough capital use margin with a tight risk management (maybe options), if you have a statistical mind try quantitative approaches etc. There are infinite possibilities to adapt to yourself and is a must to do it if you want to have a chance. It always amuses me to see the vast majority of educational resources geared towards what market does when most of the success in this business is knowing how you adapt to the market, whatever it may do. And, of course, the market is, more or less, the other traders.
COINBASE:BTCUSDEducation
by Mihai_Iacob
1
Quick breakdown of the "bart" BTC market capturing wave. For those of you who are not familiar with this recurring structure here is a quick breakdown of often how the alts are effected by BTC. As of late the alts have been trying to decouple from BTC movements however the recent bullish injection that came from BCC over the last few days has had it's chance to permeate through the market. It's a good opportunity to get a clear breakdown of these small week long time frame market cycles. You can see from the chart above a break down with arrows of the general process of the market. We start from a position of low influence of BTC price on the alts... which is usually brought about by steady trend motion for BTC... From this point if we see movement in the big top coins then usually there is a readjustment of sentiment... People start to go into the top coins... Soon enough, when the top coins are pumping, then the alts start to pump and take positions...... After which the top coins start going sideways and looking spent... The altcoins that pumped while the top coins were running up are now in a dangerous position where the sentiment within their price action is more coupled to the top coins motions... and we know what happens next! The "bart" or square wave type shape of BTC and other top coins... Effectively these serve to capture portions of the market back to top coin dominance. It's a battlefield out there!
Education
by Altcoin_Ninjas
Price Action study with S&R AUD/USDThis is a study of AUD/USD price action from a novice forex trader's perspective just shy of 2 years live fx trading The aim of this study is for me to get better at the following: identifying "key" support and resistance levels identify good trade setups based off of my analysis of these support and resistance levels better understand the currency pair's price action in order to make better analysis and trade decisions learn from any mistakes I make in my analysis, trade setups, and biases on price action AUD/USD Daily Price has made a strong bearish moves down to a support area at ~0.71688 level Last time this price played a support role was back in June 2016 With the strong move down, and a historical support level, I like the idea of a short after price pulls back up from the support level. I think that price will try and test 0.71688 again Trade setup would only be valid if the daily candle closes in resistance area showing an "indecision candle" If price continues moving up I would wait for price to find resistance at a another level
Short
by psyd3fx
3