Successful traders know there are 5 outcomes that can come out of a trading position. When managed well these outcomes can lead to great success. However, when manage badly can cause disaster to a trader’s account.
Below I’ll highlight and discuss the possible 5 outcomes of a trade and how you can manage them.
1. Small Profit
This is when a position ends in...
For many traders, the dream of full-time trading represents the ultimate freedom. Full-time traders have the ability to choose their own hours, trade from anywhere, and select which opportunities to pursue. However, not all traders are ready to make the leap to full-time trading. Just as too much freedom can harm some economies, not everyone is prepared for the...
1. Introduction:
Cryptocurrency is a relatively new concept that has gained a lot of attention in recent years. But what exactly is it, and how did it become so popular?
Definition of cryptocurrency: At its most basic, cryptocurrency is a digital or virtual currency that uses cryptography for security. Cryptocurrency is decentralized, meaning it is not...
List of deadly crimes committed by new traders
So far, you have created a new account, purchased your first Bitcoin. You are now prepared to become a trader in cryptocurrencies. You frequently trade on an exchange where the price of the first coin you purchase increases by 10% before you sell it. Self-satisfied that you did it. Using the ingenious "Buy Low,...
Have you ever wondered what helped all those professionals of Wall Street become successful? You will be surprised, but the key to their reached heights is hidden in their mistakes. Yes, that is right. Most professional and successful traders made many mistakes before they got to the top.
Making mistakes is ordinary and sometimes even necessary because you...
Here are 53 trading acronyms and abbreviations to remember and apply to your trading.
I’ve also listed them in alphabetical order to make it easier to spot!
ATH - All Time High
ATM – At the Money
ATR – Average True Range
BB – Bollinger Bands
B/O - Breakout
Be - Bearish
BE - Break even
BOS - Break of Structure
Bu - Bullish
CFD – Contract for Difference
DD –...
Here is the list of thing that you should learn in advance before you start trading on a real account.
1) Open a demo (practice) account and learn to execute trades without making errors
2) Study the methods of great traders and financial minds throughout history - Jesse Livermore, W D Gann, Charles Dow/Dow theory, Paul Tudor Jones,Richard Wyckoff.
Learn...
A new trader, let's call her Sarah, has just started trading in the crypto market. She has been reading articles and watching videos about trading, but hasn't taken the time to develop a solid trading plan, or to gain a good understanding of the markets and underlying assets she is trading.
Sarah sees bitcoin's value is going up, she doesn't do any further...
Hey traders,
Here is the list of trading acronyms, every trader must know.
TA - technical analysis
FA - fundamental analysis
HOD - high of the day
LOD - low of the day
O/N - over night
52s - new 52 week high
B/O - breakout
BOS - break of structure
E/R - earning report
Pre - pre-market trades
AH - after hours trades
R/R - risk / reward
S/R - support and...
Hey traders,
Talking to many struggling traders from different parts of the world, I realized that the majority constantly makes the same mistake: they do not set a stop loss.
Asking for the reason why they do that, the common answer is that
these traders consider the manual position closing to be safer, implying that if the market goes in the opposite...
Candlesticks give you an instant snapshot of whether a market’s price movement was positive or negative, and to what degree. The timeframe represented in a candlestick can vary widely.
Green candles show prices going up, so the open is at the bottom of the body and the close is at the top. Red candles show prices declining, so the open is at the top of the...
REPOST ON CHART PATTERNS.
Hey Everyone,
As promised, this year we will also share basic educational posts for our newbies to learn and level up.
BULL & BEAR FLAG PATTERNS
BULL FLAG
This pattern occurs in an uptrend to confirm further movement up. The continuation of the movement up can be measured by the size of the pole.
BEAR FLAG
This pattern occurs in a...
In this educational article, we will discuss why is it recommendable not to trade during the holidays season.
🏦 The main source of problems comes from the fact that the big market players like banks, hedge funds and investing firms are absent. Similarly to ordinary people, bankers and investors prefer to spend the holidays with their relatives and friends...
What is your recipe for success in trading?
Developing traders often don’t understand, when you are asking to be a successful (or professional) trader, you are asking not just to build a pyramid, but to sit on top of it. What most forget is the base is the biggest part of the pyramid and the foundation for building higher levels.
As the pyramid continues to...
Here at GVFX, we constantly remind our followers to take profit off the table by banking in stages or protecting profit with a trailing stop after each incremental profit level has been reached as it heads toward the target TP. Far too many retail traders hold positions until it's too late and then the market turns against them and they end up breaking even or...
Hey traders,
In this educational article, we will discuss how to objectively measure the market momentum with candlesticks.
Please, note that the concepts that will be covered in this article can be applied on any time frame, however, higher is the time frame, more trustworthy are the candles.
Also, remember, that each individual candle is assessed in...
Hey traders,
In this article, we will discuss demo account trading.
We will discuss its importance for newbie traders and its flaws.
➕Pros:
Demo account is the best tool to get familiar with the financial markets. It gives you instant access to hundreds of different financial instruments.
With a demo account, you can learn how the trading terminal works....
Successful traders know there are 5 outcomes that can come out of a trading position. When managed well these outcomes can lead to great success. However, when manage badly can cause disaster to a trader’s account.
Below I’ll highlight and discuss the possible 5 outcomes of a trade and how you can manage them.
1. Small Profit
This is when a position ends in...
