Course
"Risk Management" (Traders) vs "Right or Wrong" (Analysts)In this video I explain you with a real time trading context, what the major difference is between a trader and an analyst. Because that's how you'll easily make the difference between the one that actually trade and manage its risks, and the one that just talks and do nothing ! Always remember that if you want to learn how to analyse a market, the follow analysts ! If you want to learn how to trade and manage the risks, follow traders... ! Because being right or wrong is nothing but bullshit in a speculative prospective !
Bests,
Phil
Technical Analysis 101!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Technical Analysis 101!!
Interpreting the candlestick
This type of chart is an extension of the bar chart as discussed and is actively utilised by
the investors in China for more than 500 years of time period. It helps in providing the
information regarding open, close, low and high in the dimensional format. It can be seen that
the vertical axis of the chart helps in providing information on the prices of the FOREX whereas
the horizontal axis represents the time period. The white candles are the representation of the
advances of the currency and the black candles, on the other hand, represents the decline in the
value of the FOREX. Moreover, the body denotes the thick portion of the candle, and the vertical
line represents the wick. This chart helps the investor to forecast the future price movement of
the FOREX.
b) Charting systems
In the mind of a few people, charts are the exemplary image of the trader’s speciality. The
experienced eye can make ups and down. Charting is a questionable piece of the fund. Future
research is probably going to reveal things about outlining that would amaze people today. All
things considered, even individuals who eagerly restrict the training are ought to be acquainted
with the essential techniques of charting.
Follow your Trading plan, Remain disciplined and keep learning !!
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Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Elements of a Successful Trading Plan 106SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Elements of a Successful Trading Plan 106
The last Element that i will explain is Trading edge.
6. Trading Edge
The season, in which the currency will exchange, it is beneficial to hold the exchanging edge
down to maybe a couple setups when beginning. The more systems one plans to ace, the more
troublesome it will progress toward becoming reliably profitable in the market. The following
are the points of interest of exchanging edge:
• Early Range Breakouts
• High Volume
• Tight Spreads
• Combination preceding the breakout
Follow your Trading plan, remained disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
6 Things That Separate The Pro From The Amateur Trader!! Ben SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
6 Elements of a Successful Trading Plan
1. Test
The test is considered as the start-up element of the successful trading plan. It refers to the
successfulness or failure of any currency involved. In most organisations, time is the primary
driver for assessing execution. The assessment period is constructed with respect to the quantity
of exchanges put and not by the measure of time passed. You should distinguish the correct
number of exchanges for the assessment, however, this number should be sufficiently high that
an individual has a nice example set, yet sufficiently low where it keeps you from going on a
damaging exchanging.
More elements will follow... Like, share, Comment and follow us to keep updated on our professional trading ideas and education :)
Follow your trading plan, remain disciplined and keep learning :)
Achieve Financial Security through Self DevelopmentSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Achieve Financial Security through Self Development
What skill set will you further develop over the next 90 days?What books will you read? What courses will you take? State specifically your personal development action plan for the 90 days...(your personal development is an ongoing process)............................
Strengths and Weaknesses
1. What are your skills?
...................................................
2. Do you tend to be compulsive?
...................................................
3. How much social contact do you need?
...................................................
4.Can you work by yourself day after day? Do you need other people around you?
....................................................
5.What are your psychological strengths and weaknesses? In terms of trading system development?
....................................................
6. Do you have deadlines to meet in your trading?
....................................................
7. And lots more..............................
Please let me know if you have any questions or would like to know more
Happy trading :)
"Invest 3% of your income in yourself (self development) in order to guarantee your future" Brian Tracy
How does Bitcoin work? | Introduction to Bitcoin and BlockchainIntroduction
Bitcoin, the world largest digital currency, was launched in 2009 and currently reached a market cap of over 200 billion dollars. But still, most of the people don’t understand how it actually works, so this is why we are here.
Unlike the fiat currencies that we are familiar with, owned or controlled by central banks, Bitcoin has no central authority. But what happens when I don’t have a central authority to verify that everyone is actually doing his job and following the network rules?
How to prevent the double spending without the central group? How to automatically keep tracking of all balances and transactions?
How it works:
Bitcoin as a network runs on a protocol known as the blockchain. Each blockchain is unique to each individual user and his/her personal bitcoin wallet.
To get a digital network we need accounts, balances and to make a transaction. Until now it is easy to understand. One big problem every payment provider needs to solve, its own name, Double Spending.
The same amount spent twice, usually prevented and monitored by a central group, that keeps track on the balances. In a decentralized network, you do not have this group, so everyone who is related to the network has a job to do.
All bitcoin transactions are logged and made available in a public ledger and must be verified by miners on the blockchain, helping ensure their authenticity and preventing fraud; prevent transactions from being duplicated and people from copying bitcoins.
While every Bitcoin records the digital address of every wallet it touches, the bitcoin system does NOT record the names of the individuals who own wallets.
Current status
Satoshi Nakamoto was the first one, not only to answer all of those questions – but actually to make others thoughts into a reality. His system has been proven in achieving consensus without any central group.
The confirmation is a critical concept in the cryptocurrency system. The transaction is known in the whole network almost in the same moment it placed. However, only after a specific time, it will be confirmed.
It can not be reversed and it becomes officially part of the blockchain.
The only one who can confirm the transactions are the miners, that’s their role in the cryptocurrency-network.
They receive the transactions, verify them and spread them in the whole network. The miners get rewarded with a token of the crypto-network they are involved in, for example with Bitcoins in the Bitcoin network.
New Crypto Course: readbtc.com
Buy Bitcoin via Credit Card: readbtc.com
Need a Plan? Get an Expert: readbtc.com
Today's Lesson (#1) : Step out of reactional tradingToday I'll start the first of a new serie, I'll call them the "Today's Lessons".
I'll make one whenever the market will have nothing to give in terms of actual trading. So instead of losing your time in from of irrelevant pricings... you'll learn something to get a little better in trading !
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
XAU/USD Market Analysis and Trading Tips 6th July 2016
Overview:
The Gold markets rally during the course of the session on Tuesday to the level of $1370. At this point in time, we strongly believe that market is on its bull rally and ready to go higher. The Gold market sentiment is still positive. The main trend of Gold is bullish on charts and and market is sustaining above the 100 days moving average on its 4 hourly chart. It is having important resistance level at significantly psychological number at the level of $1400 and support level at the level of $1340. On its 4 hourly charts, MACD is sustaining in its positive territory and RSI is sustaining in its buying zone indicating the upcoming bearish trend in the oil prices. On intra day basis one can go for buy on lower level strategy.
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