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Beyondtechnicalanalysis

How you can make 6 figures a month using prop fundsFirstly you need to be able to acquire one account such as a 100k account. Assuming your target is $110000 you start by risking $500 a trade until you reach $3000. if you take losses you continue risking the same until you're back at the starting point. once you reach $3000 of profit you now up your risk to $1000 until you get to $6000 and then $2000. This should easily allow you to pass phase 1 of the challenge, you then repeat the same for phase 2. Once you receive your first funded account, you are now going to purchase another challenge and copy trade your funded account (master acc) onto the challenge. Repeating the above and considering you have a strategy with a good win rate, you are now able to make money while passing the challenges without having to trade 2 accounts manually. You continue this process and max your funding with one prop fund, and then move on to a second and so on until you have 7 figures in funding under your belt. The key is to remain focused and have your psychology and mindset on point. making a mistake on your master account is going to reflect on all accounts. The same goes with profits however. If you have 1 mill in funding and make 1% in a week on one of your 100k accounts, then the other 9 will also make 1% bringing you to a total of 10% ($100000) in one week. My favourite prop fund atm is properfunded.com
Education
by opes_trading_group
3
⌛ It's Just A Matter Of Time📍Journey Of a Successful Trader No one started as a good trader. Every profitable trader was once a newbie. The journey of a successful trader is filled with challenges, hard work, and perseverance. It begins with a strong desire to learn and a commitment to become an expert in the markets they are trading. 📍The Right Path To Reach The Top 🔹Learn the basics of Trading 🔹Pick a Strategy that you fully understand 🔹Trading plan customized to your lifestyle 🔹Back Testing your strategy and plan 🔹Review your Trades, calculate your expectancy 🔹Demo Trading to build basic knowledge 🔹Live Trading, Manage your risk and emotions 🔹Professional Trader 📍Summary The first step in the journey is to acquire the necessary knowledge and skills. This includes learning about the financial markets, technical analysis, risk management, and trading psychology. Successful traders also develop a trading strategy that fits their personality and trading style. Once they have acquired the necessary knowledge and skills, successful traders spend countless hours studying the markets, analyzing charts, and monitoring news events that may impact their trades. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
4
♡4"indicators1. What are indicators? Indicators are statistical tools used by traders to analyze and interpret market data, with the goal of identifying trends, patterns, and potential opportunities for trading. These tools are based on mathematical calculations applied to various types of market data, such as price and volume, and can help traders make informed decisions based on historical trends and patterns. 2. Why use indicators? The use of indicators can provide traders with a wealth of information about the market, including the direction of the trend, the strength of the trend, and potential entry and exit points for trades. By using indicators, traders can make more informed decisions, based on objective data rather than emotions or guesses. ☆ Commonly used indicators: There are many types of indicators that traders use, including moving averages, relative strength index (RSI), stochastic oscillator, Bollinger Bands, and more. Moving averages are used to identify trends, while RSI and stochastic oscillator are used to measure the strength of a trend. Bollinger Bands are used to identify potential breakouts and to determine the volatility of the market. ☆ 3. Visual backtesting provided indicators. Visual backtesting refers to the process of testing a trading strategy using historical data. By using backtested indicators, traders can gain insight into how a particular strategy would have performed in the past, and can use this information to improve their current trading strategy. This process is particularly powerful when using provided indicators, as they are typically based on historical data and have been tested by experienced traders. ☆ Risk and psychological management: While indicators can provide traders with valuable insights into the market, it's important to remember that they are not foolproof. Traders should always practice proper risk management, such as setting stop-loss orders to limit potential losses. Additionally, it's important to manage psychological factors, such as greed and fear, which can often cloud judgment and lead to poor decision-making. ☆ Acknowledgemt Indicators are powerful tools used by traders to analyze and interpret market data, with the goal of making more informed decisions. By using visually backtested provided indicators and practicing proper risk and psychological management, traders can increase their chances of success in the market. 4. Moving Average (MA) influenced indicators. Commonly used indicators by traders to identify trends in the market are influenced with a MA calculation. By smoothing out the price action over a set period of time, MAs can help traders determine the direction of the trend, as well as potential entry and exit points. When combined with signals, plots, and alerts, MA influenced indicators can provide even more valuable information for traders. " # One of the benefits of MA influenced indicators is that they can help traders identify the beginning and end of trends. By plotting the MA on a chart and analyzing its slope and position relative to the price action, traders can determine whether the trend is bullish or bearish. Additionally, by using signals, plots, and alerts, traders can receive notifications when the MA crosses above or below the price, indicating potential changes in the trend. " RSI 4, on the other hand, is a momentum oscillator that measures the strength of a trend. By analyzing the magnitude of price movements, RSI can provide valuable information about the underlying strength of the market. When used in conjunction with MA influenced indicators, traders can gain a more complete picture of the market, including both the direction and strength of the trend. ☆ For example, when the MA is sloping upward and the price is above the MA, indicating a bullish trend, a cross above 91 on the RSI 4 may indicate an overbought market, and a potential opportunity to sell while conforming the crossbelow 91and commonly followed by a divergence. Conversely, when the MA is sloping downward and the price is below the MA, indicating a bearish trend, a cross below 9 on the RSI 4 may indicate an oversold market, and a potential opportunity to buy in conlfuences of the crossabove 9 and a divergence. ☆ In summary, MA influenced indicators, when used in conjunction with signals, plots, and alerts, can provide valuable information about the direction of the trend, as well as potential entry and exit points. When combined with momentum oscillators like RSI 4, traders can gain a more complete picture of the market, including both the direction and strength of the trend, and use this information to make more informed trading decisions. ● "Trading is a game of probabilities, where each trade is simply a bet on the likelihood of a particular outcome. While losing trades can be frustrating, they are an inevitable part of the game, and a necessary cost of doing business. In fact, losing trades can be just as valuable as winning trades, as they provide valuable feedback and can help traders refine their strategy, ultimately leading to greater success in the long run." ● J @ATU_TAD ♡4"indicators
OANDA:XAUUSDEducation
by ATU_TAD
Fantom outperform Bitcoin?Hello I'll start to make once per week update from some chart now on, so better stay tuned. Fantom looks really good against Bitcoin as long as price stays on top of that key level which I marked clearly with arrows . You can see from the chart what happened last time it broke that level. If we can't hold the level I let my risk managment do the work and look for new opportunity if the price comes back on top We can also break and retest the level which actually happens quite often if you stay patience Ethereum has also been outperforming Btc for 2 weeks now so that would support this and maybe move some money to alts. Everything depends of the Bitcoin Dominance chart. Let's check some bigger time frame also Not financial advice If you do take trades always use stop loss! 1st mistake novice traders do I don't use them and their ass burned! Check out my previous work "I think bottom is in" -Palén
Long
by PalenTrade
The Process of Creating StrategyHello traders, In this post i am going to show that how we can create and develop the trading strategy that works. Now the first step we need to do is just search and find the any trading method that suitable for us for example that would be like elliott wave, ict concept, VSA, just using indicators and maybe you can also create your own method and backtest it. when you learned the method now its time to create your trading rules every strategy has own different rules like what is your risk to reward ratio? what is your trade management plan? either you manage your trade or just take the trade and come back after its hit TP or SL, how much is your daily limit means how much trades you will be taking in a day or in a week if you want to become a swing trader depends on you, what is your risk per trade? can you will be cutting the risk to half or just use fixed risk after lose trade? what is your daily limit of losing? can you hold trade overnight or over weekend? what is your trading timeframe? what is your trading sessions? etc... These all kind of rules you will be require to create for yourself they might be different rules depends on your strategy method now we learned the method and created the rule move forward to the next step is open the live demo trading account and trade with your strategy and apply the rules don't break the rules that you created trade at least 30 days and journal your data your taking trades after 30 days check the journal you will see your data for example in your rules you set 1/2 risk reward ratio so you need to have around 40% winning ratio check the journal check the results did you have a 40% winning ratio if the answer is yes then good to go i am sure that you know what to do next but if you failed and your winning ratio is below 40% now analyze your journal data the trades you taken you will see some of bad trades that you don't wanted to trade again just avoid those trades next time and try again the process for the next 30 days. repeat the process one day you will be profitable and consistent but if you not then try again again learn from your mistakes and don't do that mistakes again. When yo have been profitable this is the time you wanna enter in the market open the real live trading account and start trading with your strategy and follow the rules that you created for yourself run the process and always remember trading is not quick rish scheme you need to have a lot of patience, trading is a long run game like marathon race and its required patience. some of my advice is don't try to break the rules, don't depend on one trade, some times market will give you some results that you don't want from it but be patient and be consistent with your strategy with your rules, you will be facing drawdowns but that is the learning process you will learn a lot from the drawdown so with the time you will be better consistent and be profitable just don't leave the process too soon and believe in yourself and try again again and again, trading is a very beautiful and also the easiest thing to live life but firstly in the starting it required from us to pass the test. trading is a very easiest thing but also a very hardest thing. i hope you find this post useful, i wish you good luck and good trading. If you like the post, boost my work with like comments and share thanks!
Education
by TheLoserMan
1