To start with, the sentiment of the market is bearish. A nice downtrending channel has been formed and the price is at the lower boundary of it. We can expect the price to keep growing on the short-term and complete the re-test of the broken zone of support and visit the area of the upper boundary of the created channel before continuing its downside movements. We...
How many traders do you think ask this question to themselves? Well, if we dig deeper into statistics, we’ll see that #1 reason differentiating successful traders from the rest 90%+ is proper use of margin and leverage. For every $50,000 in their account, most experienced forex traders and money managers trade one standard lot. If they traded a mini account, this...
This has been an ongoing battle between generations of traders and we’re here to provide some insight and let you choose between what type of a trader you would like to be. When it comes to trading, there appears to be a lot of misunderstanding on both sides about the Quality versus Quantity Debate. Because this is such a crucial topic for a trader, we've been...
The rule is pretty simple: if you have many technical confluences backing your setup, the probability of your trade succeeding is really high. On the illustrated BTC chart, a number of confluences is listed. To be precise, there are 4 confluences examined, and they will be all scrutinized below: 1) The current direction of the market is bearish, meaning we are...
It's critical for forex traders to pay attention to big economic data releases, government statements, and geopolitical events. Why? Because this information generally represents a country's economic strength and can predict a currency's future direction. Trading the news might be tough and not fit for everyone, but the resulting volatility can provide a plethora...
Hey, wizards! Happy Wednesday and welcome on another Educational Post for the week. Today, we are gonna be talking about trade entry criteria and checklist. In other words, what we should look for before opening a position. First and foremost, we should analyse multiple timeframes and identify the direction of a specific market. As identified on the table,...
As a trader, the most crucial responsibility you have is to manage and preserve your trading capital. You're out of the game if you lose all of your trading money; there's no way to make up the difference. If you make pips, you must be allowed to retain them instead of returning them to the market. But, let's be honest, it's not going to happen. The market will...
Hey, wizards! Happy 2022 and welcome on the first Educational Post by Investroy for the new year. Today we are gonna be talking about different ways of setting a Target Profit (TP), and scrutinizing the benefits and drawbacks of each. Though there are many ways to set targets, as it varies depending on ones trading plan and strategy, here are 3 of the most...
Hey, magicians, hope you are all doing great and enjoying the holiday season! After receiving multiple requests from you, we are back with another Educational Post and the topic is the following: Risk Management and its Principles. As we have already discussed in some of the previous educational posts, Risk Management, alongside with other componenets, is one of...
The price is still trading within the borders of a range and it has now nicely rejected the upper boundary of it. We are expecting for the price to keep dropping and reach the area of support identified on the chart. Happy trading and Merry Christmas, family!
As it can be clearly observed from the graphical illustration, the sentiment of the market is clearly bearish and there is more potential for the price to keep dropping and reach the area of support indicated on the chart. More to it, the price has nicely rejected the local zone of resistance that aligns with 50% Fibonacci retracement level. Happy trading, everyone!
As it can be inferred from the chart, the price has formed a nice descending triangle as is now rejecting the upper boundary of it. We are expecting for the price to keep dropping and reach the area of support indicated on the graph
As it can be seen from the graph, the price has nicely broken and re-tested the 1790 level of resistance turned support. We are expecting for the price to keep rising and reach the $1869 area of crucial resistance. As the market liquidity is slowly decreasing, it will take some time for the price to reach our target, but we will be patient and calm! Happy trading, family!
As it can be inferred from the chart, the price is still ranging within the borders of a sideways moving range and is now testing the upper boundary of it. In general, a descending triangle is a SELL indicator, therefore our bias still remains bearish. For the moment, we will be waiting for the price to reject the upper boundary of the triangle and drop all the...
As it can be inferred from the chart, the price has broken out of a downtrending channel but has failed to continue rising to the upside. A mini-range has been formed and the price is stuck between the boundaries of it. We will be waiting for a successful break+retest of one of the boundaries before opening a SELL/BUY position and aiming for one of the areas...
The price has been trading within the borders of a sideways moving range for the past few weeks now. The sentiment of the market is bullish and we are waiting for the price to continue its movements to the upside and reach the areas shown on the chart
The price has formed a range and is now trading within the borders of it. Being at the lower boundary of the rectangular box, we can see some signs of a bearish pressure and expecting for the price to keep dropping and reach the area of support identified on the chart
I know it'll make you grimace but browse through your trading notebook for the worst deal you've ever had. Examine the trading arrangement you observed. Consider what went wrong, and then ask yourself, "Why did I ever accept that trade in the first place?" "What was I thinking?". "Was I even thinking?" is a more pressing question. That transaction was most...