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Discover Price Action Secrets for Successful Trading 📍Price action trading refers to the analysis of raw price movements in order to understand and predict future market trends and price movements. By focusing on price movements, traders gain a deeper understanding of market fluctuations and can make more informed trading decisions. The strategy can be applied to trading gold and forex, two of the most popular trading instruments. In a market as dynamic as gold and forex, understanding price action secrets is crucial for successful trading. ✔️One of the secrets is to interpret price patterns that indicate potential market movements. This involves understanding key market terms such as support and resistance levels, chart patterns, and the role of market psychology. ✔️Another important price action insight for gold and forex traders is the use of price action indicators. These can offer insights into market trends and trading signals. Some of the most popular indicators include moving averages, stochastic oscillators, and the relative strength index (RSI). ✔️Following a strict risk management strategy is another key price action secret. An effective approach is to always set stop-loss orders to limit losses in a trade, and to only trade with funds that can be afforded to lose in the event of a loss. ✔️In addition, an effective trading strategy should also incorporate a sound fundamental analysis. This refers to the interpretation of market news, announcements and events that may impact gold and forex prices. Overall, price action secrets for gold and forex trading involve a combination of technical analysis, fundamental analysis and a sound risk-management strategy. Successful traders must remain alert to market trends, always adapt to new information, and be disciplined in their trading approach. By understanding these secrets and implementing them in trading, traders can improve their chances of success in the fast-paced gold and forex markets. Check the following example: USDCAD pair was trading on a key level. Price action, candlestick and indicators analysis could help you to accurately predict a bearish movement from that. The price formed a double top pattern, was rejected from a key level and BB cloud. These tiny clues are the main instrument of a pro price action trader. Example number 2: This time gold. Important key level. Again, watch the price action, candlestick patterns and indicators. The price formed a doji candle testing the BB cloud and key level, triple top pattern was formed. The coming reversal was obvious here. 🔔In conclusion, price action trading offers a powerful approach to gold and forex trading for investors who are seeking consistent returns over time. By paying close attention to price action movements, following strict risk management strategies and staying current on market trends, traders can achieve success in these exciting trading arenas. Please, like this post and subscribe to our tradingview page!👍
BITSTAMP:BTCUSDEducation
by EliteTradingSignals
10
Step-by-Step Guide to Begin Forex and Gold Trading Forex and gold trading have become immensely popular among investors as a great way to earn profits. However, starting with this venture can be quite overwhelming for beginners. Here is a step-by-step guide to help you begin your forex and gold trading journey: 1. Learn the Basic Concepts: Before investing your hard-earned money, it's important to get familiar with the key concepts of forex and gold trading. 2. Choose a Trading Platform: There are plenty of online trading platforms to choose from. Look for one that is user-friendly and offers competitive trading fees. 3. Identify Your Investment Goals: Decide on your investment objectives, as it will help you to make informed trading decisions. 4. Develop a Trading Plan: Create a trading plan to determine how much you're willing to invest, when you'll buy or sell, and which assets you'll trade. 5. Set a Budget: Determine how much money you intend to invest and set a budget accordingly. Remember, only invest an amount you're comfortable losing. 6. Practice on a Demo Account: Most trading platforms offer a demo account that simulates real trading conditions and helps you practice trading with virtual money. 7. Analyze the Market: Before making any trades, analyze the market through technical and fundamental analysis to identify trends and potential outcomes. 8. Monitor Your Investments: Keep track of your investments regularly and make necessary adjustments if needed. 9. Be Prepared for Risks: Understand that trading involves some risks, so be prepared to handle losses. 10. Keep Learning: Continuously educate yourself on market trends, economic indicators, and other factors that affect the forex and gold trading market. 11. Identify a Reliable Broker: Choose an experienced and licensed broker who can offer you guidance and support when starting. 12. Start Small: Begin with small investments and gradually build your portfolio as you gain more experience and confidence. 13. Diversify Your Portfolio: Spread your investments across different currencies and assets to reduce the risk of losses. 14. Be Realistic: It takes time and patience to become a profitable trader, so set realistic expectations and avoid making hasty decisions. 15. Stay Disciplined: Maintain discipline and stick with your trading plan to achieve your investment goals. Here is the example of how exactly you should trade. Imagine that you have a trading strategy for gold trading. You trade key levels. Once a key support is reached you buy and once a resistance reached you sell. Taking the trade you risk fixed % of your trading account. You know the exact entry reasons, your stop loss and target. Ideal approach should work like clock. In conclusion, starting forex and gold trading can be challenging, but with the right knowledge and preparation, you'll be on your way to making profitable trades. Just remember to keep learning, stay disciplined, and be patient.
OANDA:XAUUSDEducation
by TopTradingSignals
11
The Secrets of Making Four Figures Through Trading. The secrets of making four figures through trading. In this Trading view Post, we will explore the key strategies and considerations that can significantly enhance your swing trading results. As a forex coach specializing in this trading style, I'm excited to share valuable insights and empower you to achieve your financial goals. Small Accounts are Out, Prop Firms are In Problem : Insufficient Earnings with Small Accounts Solution : If you aspire to make four figures, it is essential to trade with five figures. Turning $100 into $10,000 or $500 into $100,000 is much quicker and more feasible when you have a larger capital base. With a prop firm, you can afford to trade less frequently and prioritize quality over quantity, eliminating the struggle often associated with small account trading. Implement a Proper Risk Management Strategy Trade with Skill, Not Luck To safeguard your capital and increase profitability, it is crucial to limit your risk on each trade to no more than 1%. This approach allows you to rely on your trading skills rather than luck. Remember, success in trading is a result of consistent and disciplined decision-making. Consistency in Risk Allocation Maintain a consistent 1% risk level as your account grows. As your balance increases, the amount of money you risk will grow proportionally. For example, if you start with a $100,000 account, you would risk $1,000 (1% of $100,000). As your account balance reaches $101,000, your risk would be $1,010 (1% of $101,000), and so on. Consistency in risk allocation ensures that your percentage risk remains the same while adapting to account growth and drawdown phases. Leveraging Position Sizing Based on Account Size Your position size, or lot size, plays a critical role in determining how much you value each pip movement. It is essential to find the right position size to prevent excessive drawdown or losses that can jeopardize your trading account. Position sizing calculations consider your account balance, percentage risk, and stop-loss levels. For instance, if your stop loss is 30 pips and you have a $10,000 account, your position size would be $100 (1% risk) divided by 30 pips, resulting in $3.33 per pip. Your lot size will be 0.33 per pip . By maintaining consistent risk management practices, you can aim for profitable trades while preserving capital. Focus on Higher Reward-to-Risk Opportunities Problem: Losing Trades Depleting Capital To sustain long-term profitability, it is essential to prioritize trades with a higher reward-to-risk (RR) ratio. Winning trades compensate for losing trades and help you overcome drawdown phases. Avoid subpar trades that you force or that fall below your minimum RR requirements. Strategies to Achieve Higher RR: Multiple Timeframe Analysis: Shorten Stop Loss Analyze multiple timeframes to identify strong trade ideas. Once you've determined a suitable trade on a higher timeframe, drop down to lower timeframes to tighten your stop loss. This approach allows you to manage risk effectively and maximize your RR ratio. Utilize Higher Timeframes or Tools: Extend Take Profit When dropping down to lower timeframes, refrain from shrinking your take profit target. Instead, utilize higher timeframes or tools like Fibonacci to extend your take profit level. By setting reasonable profit targets, you increase the potential for achieving higher RR trades. Main Talking Point 3: Quality Trades and 4-Figure Trade Planning Problem: Inconsistent Trading Results Solution: Trading with a focus on quality trades offers numerous benefits. By targeting high-quality opportunities and planning trades effectively, you can profit during trending markets, reduce mistakes, and avoid the need to chase after four-figure profits. Commitment to Make 4 Figures & Stay Under Drawdown Limits Plan Weekly and Allocate Resources Plan your trades every Sunday to determine the potential profit or loss for each trade. Identify high-quality opportunities and allocate 1% of your capital to each trade. Assess if each opportunity meets your minimum RR requirements and if it brings you closer to achieving four-figure profits. Example: $10,000 Account Suppose you risk $100 on Trade 1 and make $333 (3.33% return), followed by risking $103.33 on Trade 2 to make $516.65 (5.16% return). After two trades, you have earned $849.65, representing an 8.49% increase in your account balance. Continuously monitor and adjust your trades to maintain profitability. Is this possible? Yes! Is this easy? No! Why? Because you'll have to get out your own way and head to make this possible. While achieving consistent four-figure profits through trading requires dedication and skill, implementing the strategies discussed in this post can significantly enhance your chances of success. By trading with a prop firm, implementing proper risk management strategies, focusing on higher RR opportunities, and prioritizing quality trades, you can navigate the dynamic world of trading with confidence and boost your financial growth. Remember, trading success comes from discipline, continuous learning, and a well-defined trading plan. Best of luck on your journey to four-figure profits! Shaquan Hey! If you found this post valuable like the post and let me know below what was your takeaway❤️
Education
by ShaquanLopez
3
Top 5 Tips to Increase Your Profits in Trading 📈 In this educational article, I will share with you very useful tips how to improve your profitability in trading the financial markets. 1. Decrease the number of financial instruments in your watch list. ⬇️ Remember that each individual instrument in your watch list requires attention. The more of them you monitor on a daily basics, the harder it is to keep focus on them. In order to not miss early confirmation signals and triggers, it is highly recommendable to reduce the size of your watch list and pay closer attention to the remaining instruments. 2. Avoid taking too many positions. ❌ For some reason, newbie traders are convinced that they should constantly trade and keep many trading positions. Firstly, I want to remind you that the management of an active position is a quite tedious process that requires time and attention. Therefore, more positions are opened, more time and effort is required. Secondly, if the newbies can not spot a good setup, they assume that they are obliged to open some positions and they start forcing the setups. Remember, that in trading, the quality of the trading setup beats the quantity. I advise taking less trades, but the better ones. 3. Let winners run if the market is going in the desired direction. 📈 Once you caught a good trade and the market is moving where you predicted, do not let your emotions close the trade preliminary. Try to get maximum from your trade, closing that only after the desired level is reached. 4. Open a trade after multiple confirmations.✅ Analyzing a certain setup remember, that more confirmations you spot, higher is the accuracy of the trade that you take. In order to increase your win rate, it is recommendable to wait for at least 2 confirmations. 5. Don't trade on your cellphone. 📱 A good trade always requires a sophisticated analysis that is impossible to execute on the small screen of the cellphone. A lot of elements and nuances simply will not be noticed. For that reason, trade only from a computer with a wide screen. Relying on these tips, you will substantially increase your profits. Take them into the consideration and good luck to you in your trading journey. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
7
Who Moves the Forex Market | Forex Market Players Forex is the largest market in the world, with the tremendous daily trading volumes and millions of market participants. In this educational article, we will discuss who moves that market and who are its 6 the most significant players. 1. Governments Governments tend to set economic goals and influence the markets with their political decision. They define the course of their nations, issuing policies and imposing regulations. 2. Central banks Central banks implement the decisions of the governments, applying multiple instruments: Central banks control the emission of the money, shifting the supply and demand. They control interest rates and define the credit policies. Central banks control the international trade and sustain the exchange rates of the national currencies by interventions and handling the foreign currencies and gold reserves. 3. Commercial banks Commercial banks handle the international transactions. Over 70% of total Forex Market transactions directly refers to the actives of commercial banks. Commercial banks are also involved in speculation activities, benefiting from market fluctuations by relying on various strategies. 4. Corporations Corporation is the business that operates in multiple countries. With the constant capital flow between its branches and counterparts, corporations are permanently involved in a currency exchange. Also, corporations usually hedge currency risks, storing their liquidity in particular currencies. 5. Investment funds By investment funds, we imply the international or domestic professional money management companies. Dealing with hundreds of millions of investments, they quite often are operating on Forex market, buying foreign assets, speculating and hedging. 6. Retail traders The main goal of retails traders and speculators is to make short terms profits from their transactions on the market. Typically, the activities of traders constitute a relatively small portion of total trading volumes. Knowing which forces move the forex market, you can better understand how it works. The spot prices that you see on the charts reflect the sentiment of all the above-mentioned participants. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
4
Top Tips For Beginner TradersTrading can be a lucrative and exciting venture, but it can also be overwhelming and risky for new traders. Whether you are interested in stocks, forex, or other markets, there are some important tips to keep in mind as you begin your journey as a trader. Let's outline some of the top tips for new traders. Start with a solid education The first step to becoming a successful trader is to gain a solid education on the markets you are interested in trading. This can involve reading books, taking courses, attending seminars, and researching online. By understanding the fundamentals of trading, you can avoid many common mistakes and develop a strong foundation for your trading career. Develop a trading plan Before making any trades, it is essential to develop a trading plan that outlines your strategy, risk management approach, and goals. Your plan should also include details such as the types of trades you will make, the timeframes you will trade on, and the tools and indicators you will use to analyze the markets. Practice with a demo account Many brokers offer demo accounts that allow you to practice trading without risking real money. This is a valuable way to test out your trading strategies and get a feel for the markets before committing to real trades. Practice trading on a demo account until you feel comfortable with your approach and have a solid understanding of the markets. What I love about Trading view is that you can demo trade without a broker. You can save the headache of having to find a broker later in your trading journey when you're ready to trade live. Manage your risk One of the most important aspects of successful trading is managing your risk. This involves setting stop-loss orders to limit your losses and using proper position sizing to ensure that you do not risk more than you can afford to lose. Never trade with money that you cannot afford to lose, and always be mindful of the risks involved in each trade. Think of each trade as it's own idea that gets a portion of your capital. That makes it easier to trade in size instead of betting everything in 1 or 2 trades. Keep a trading journal Keeping a trading journal is a great way to track your progress and identify areas for improvement. Record your trades, the reasons behind them, and the outcomes. Analyze your trades regularly to identify patterns, mistakes, and successes, and adjust your trading plan accordingly. Your journal will differ from other trader's journal so be mindful you're keeping dated records of everything you do. Be patient and disciplined Successful trading requires patience and discipline. Avoid the temptation to make impulsive trades based on emotions or rumors, and stick to your trading plan. Remember that trading is a long-term endeavor, and focus on making consistent gains over time rather than trying to get rich quick. If you add stress to your journey, the road to being a profitable trader will not be enjoyable. Being patient and disciplined can reserve your mental and physical capacity as a trader. Stay informed Finally, it is important to stay informed about the markets you are trading in. I'm big on not following every trader's advice or suggestions because then, you'll trade their journey. While their journey may be great yours could suffer if they decide to stop trading and you can't hold your own. To get the best results, stay up to date with current price movement. If you are a fundamental trader, stay up to date on what economical data is moving the market. be sure you understand what you do for yourself and not based on what others have to say about the market. In conclusion, trading can be a rewarding and profitable venture, but it requires dedication, discipline, and a solid education. By following these top tips for new traders, you can avoid many common mistakes and develop a strong foundation for your trading career. Remember to stay patient, manage your risk, and stay informed, and you will be on your way to success in the world of trading. I'll be live-streaming here on Trading view tomorrow at 1:00 pm EST. to give more tips to help the beginner trader. I hope to see you there and I hope you enjoyed these tips.
Education
by ShaquanLopez
7
What Trading Consolidation Looks Like?Should you trade consolidation? Well, the real question is are you a consolidation trader? If so, what does consolidation trading look like to you? Not all traders will have the same answer because no trader knows when consolidation will form until it happens. What you will do when it happens is solely based on what you believe to be true based on your beliefs about trading and your trading strategy. What is a market condition? A market condition is a type of way the market moves. Much like the weather outside, you dress based upon the temperature outside and you choose your style of clothing. You can't control the weather, but you can control what you do. Much like you can't control how price moves, but you can control how you trade it. The way price moves determines the strategy you choose to trade it based on your trading style. When consolidation begins forming you may notice a few things such as: 1. Its hard to gauge the price direction 2. Price moves sideways between an extreme high and low for an extended amount of time 3. You may be stopped out more often or have to wait longer before placing a trade if you are a trend or breakout trader 4. You may trade well within the ranges of crazy price movement in between the extreme high and low prices. The bigger question to ask yourself when you notice consolation forming is do you do well in this type of market? If so, what are the steps to trading this type of condition? Do you look place horizontal trend lines? Do you look for patterns such as wedges or flags. If no, the current currency pair or asset will be best to ignore til it begins to trend again in your favor. What will that look like? Is it a break out of the horizontal trend lines? Is it a break out of your pattern? Either way, as a trader, it's best you determine what consolidation looks like to you and decide to trade it or not to trade it. Construct steps around how you trade it and position your risk size according to this type of condition. For me myself personally, I do not trade consolidation. I am a trend trader and my motto is, if I'm not in the trade before consolidation forms, I'm not trading at all. I also don't create consolidation strategies. Thats just me personally. It helps with me mental capacity and keeps me focused on what works for me. I'd like to know, do you trade consolidation and if so, whats your best strategy. Lastly, thank you for reading my post. Be sure to like it. It lets me know you enjoy reading what I love talking about in my free time, trading. ❤️
EIGHTCAP:USOUSDEducation
by ShaquanLopez
2
7 Reasons why Elite Traders Crush the CompetitionHello TradingView world, I have been trading for almost 15 years and have learned some serious lessons about trading and the markets. I have also been fortunate enough to interact with many great traders over that time that have helped me tremendously, however I still struggled for a long while and wondered why I wasn’t making the progress I desperately wanted to make. I thought just like everyone else, that if I found the perfect trading strategy, all of my problems would vanish and profits would rain down from the sky like salt bae letting salt drip down off his forearm. Well guess what happened? I ACTUALLY DID FIND IT. In fact, my analysis in the market was so damn good that in 2013 I was invited to speak on a worldwide webinar hosted by Daily-FX which was then owned by FXCM. I’d have a 50 pip stop with a 500+ pip price target and I was nailing the trades left and right, so this was the reason I was invited on. I was working at the Federal Reserve Bank of New York during this time and I ended up leaving that job to trade full time that same year. Things went smoothly for a while. I partied… A LOT. Did all kinds of reckless and stupid things with my time and money and I ultimately lost it all by 2015. I pondered for a long time about what happened and once I removed my ego and stubbornness, I figured out that what makes a trader great has nothing to do with the outside and has everything to do with the inside. This is the TRUE secret of trading success. It’s all about YOU and how YOU approach trading. There is so much more to the story but without further hesitation, based on what I have learned from other great traders and have personally learned through brutal hard lessons, this is why Elite traders crush everyone else in the market and if you begin employing these lessons in your own trading, I can guarantee that you will see a dramatic change in your results. #1 - ELITE TRADERS ARE LEAGUES ABOVE YOU IN PATIENCE Everyone gets into trading for one thing and one thing only; to make money and to make as much of it as possible. One thing that the majority of traders do is that they also want to do it in the FASTEST way possible. This is where they screw up but is it any surprise that this is the case? I mean look all around you in terms of social media (Facebook, Instagram, YouTube, etc.) it’s all over the place with people touting “Watch me turn $1,000 into $10,000 in just a few days!” … This gets views, it gets attention and it encourages other traders to continuously take on massive risks in order to achieve this. Is it possible to do? YES, because many traders (Including myself) have done it but what does it also do? It creates detrimental habits that keep you in this mindset of turning a small account into a large account quickly and then that one day comes when you take on massive risk on a trade that looks “good” but ends up going violently against you for a huge loss or COMPLETE destruction of your account. Another factor is that the majority of traders want to be in the market ALL of the time. They can’t resist staying out and staying flat during times of uncertainty or when the charts aren’t clear enough to validate putting their capital at risk. Elite traders can wait hours, days and even WEEKS before putting on another trade because they understand, their trading opportunity is not yet clear and they rather wait as long as possible in order to enter the market at the most optimal time and conditions. Think about it; do you want to be in the market on a consistent basis? Are you able to wait a few days or a few weeks before putting on a new trade? It’s a very difficult thing for many traders to do while Elite traders have mastered the game of patience to their advantage. It’s not a matter of how long is the next trade going to take to develop? Rather, I’ll take the next trade when the optimal conditions are met regardless of how long it takes. #2 - ELITE TRADERS KNOW THEIR OWN WEAKNESSES Everyone has weaknesses whether we like to admit it or not. Some traders are severely impatient, some have a problem with risk management, some have a problem with making impulsive trades and become reckless, some have a problem with over analyzing their charts or trying to look at multiple markets at the same time, etc. Most traders either try to suppress them or choose to ignore them completely and this causes many to struggle and stay frustrated. Have you ever thought to yourself, “Shit, why did I do that!?” or “Why did I get out when I should have stayed in” or “Why did I chase it! I knew I should have stayed out” … There is a weakness there that you have not learned to master or work on improving it. Even if you finally acknowledge it and try to write it down or post it on your wall by your trading desk… You STILL end up making that mistake and frustration takes over. Elite traders through trial and error have learned to master their INTERNAL trading character. They know what triggers them and have found a way to stop it in its tracks so that mistakes are kept under control. They also understand that when these weaknesses start to creep up on them, they can identify WHY it’s happening and talk themselves out of it. For example, if the market is rising and it looks like it’s going to get away from them, they understand that by chasing after it, the market could turn around and leave them with an unnecessary loss or trap them in a position that they should have not gotten into in the first place. Their attitude is “The market did not give me the optimal trading opportunity that I wanted therefore I will wait. Let the market do whatever it’s going to do, I don’t care. I only care about my optimal trading opportunities” This tie’s in with reason #1 (Patience). They will not let ANYTHING force them into trades they shouldn’t be in. #3 - ELITE TRADERS FOCUS ON ONE MARKET/PAIR/SECTOR This is not only true of trading but life in general, focusing on one thing and mastering that one thing to become great at it. There are a multitude of instruments and markets to trade and it gives us traders the freedom to choose where we’d like to put our capital to work but as many of us know, too much choice can actually be a bad thing. When it comes to the Forex market, we have many pairs we can work with and that can actually be a problem. Everyone has a watch-list of pairs that they want to trade but is that causing you more trading struggles for you or keeping you confused? Whether the answer is yes or no, why are you doing that? And the answer is most likely because you believe it presents more trading opportunities but that is not always the right way to go about things. Each pair moves and reacts differently during certain market conditions and what works well on the EUR/USD may not work on the GBP/JPY. While the EUR/USD moves at a more stable pace and a big day would be considered a 1% move, the GBP/JPY can become wildly explosive and relentless when it comes to market volatility. Elite traders know this and they stick to ONE thing and become a master at it. I personally stick to the EUR/USD and that is MORE than enough to make profitable trades on. Elite traders do not divert to other markets or other pairs to try and make more profits but they lock down and focus on that one pair and crush it. It’s not common for the majority of traders to do this because they feel that they will be missing out on other trading opportunities but are they really? Or are they just finding multiple ways to take losses? In order to trade this way, it would require the ability to stay incredibly patient but it would allow for you to stay away from multiple charts and remain disciplined while not putting your capital at risk and avoiding impulse/emotional trades. This is not common but then again… this is why Elite traders do it and the majority does not. #4 - ELITE TRADERS PREFER A LONGER TERM OUTLOOK Just look at the screenshots of charts scattered on trading forums, social media or any other discussion outlet, more times than not everyone’s looking at the 1 Minute all through the 4 Hour time frames. You’ll find a few daily charts here and there and even less Weekly+ charts. Most traders want to be in the market every day and this is why Day trading is so enticing, it gives them a reason to log in, open up their charts and look for trading opportunities to make money. That’s a Mistake. You’re probably noticing that the previous 3 reasons tie into this reason and that’s because this is just another manifestation of lack of patience or inability to focus on one thing. Short term charts give the impression that there will be more moves to get in and out and not staying in a position overnight. Yes, I get that some traders out there prefer to just get into the market and then be done with it at the end of the day but more times than not, you’ll end up making impulsive trades that creates a string of losses if you don’t have your emotions in check. Elite traders like to look at the “whole picture” and prefer looking at the daily charts and up. Since longer time frames take time to develop, this is perfectly fine for them as it gives them more time to prepare for the upcoming trade and analyze the levels, they want to take a position and take profit. Once they enter a position, they set their stop and let the market work for them. They don’t need to check their positions multiple times per day since they know the market will take its time doing what it’s going to do and therefore have time for other activities in their lives or businesses. #5 - ELITE TRADERS VIEW TRADING FROM A BUSINESS PERSPECTIVE “How much can I make per day”, “How much can I make per week” or “How much can I make per month” … This is what you’ll usually hear from the majority of traders but how many times have you heard “We’ll see how performance looks at the end of the Quarter”? I’m willing to bet, not many. There is a lot of hype about how much can be made in one day or week but trading is not about just one day, one week or one month, it’s about the long game and how results look over time. Some Elite traders even go as far as looking at profit-loss on a yearly basis but because market conditions change throughout the year, reviewing how performance looks like at the end of the quarter is preferable. There is no rush to try to make a gain at the end of the day, week or month. Spacing out P/L review allows opportunities to both develop and play out especially if the market is trending. Elite traders don’t mess around in the market either, this is not a game or hobby for them while many amateurs in the market don’t take it as seriously as you would think. They know that the market is a battlefield and the other side of the trade won’t hesitate for a Nano-second to take their money. They understand that trading should be treated with the same care as running a business and properly deploying their capital out into the market is essential in bringing back even more capital for future trading opportunities that yield larger profits. Although trading is now offered to the masses and anyone can pretty much open a brokerage account and begin to trade, there are millions of traders that are misinformed and approach the market incorrectly and unprofessionally. “But, I’m not looking to trade professionally, I just want to trade casually” sure, that is completely fine however guess who’s going to eat you alive in the markets? That’s right, the Elite traders who do take things seriously and professionally. #6 - ELITE TRADERS PROTECT THEIR CAPITAL AT ALL TIMES In the boxing world, what is one of the warnings referees issue to the fighter’s right before the fight begins? “Keep your hands up and Protect yourself at all times!” and for good reason, right? So that they do not put their hands down and get a crushing hard punch to the head that knocks them out cold. It doesn’t matter how well you trained or for how long you’ve trained because one lazy mistake can cost you the fight, in some cases brutally. If you’ve been in the trading scene for any length of time, you have read or heard it countless times “manage your risk, manage your risk, manage your risk!” but how many traders ACTUALLY do it? You’d be surprised at how many do not do it at all because it’s painful to do. Painful? How so?... Well, it requires one to make small gains over time instead of putting the pedal to the metal and use high leverage on one single trade. That’s very difficult for the majority of traders to do because that means no “Account Flips” or trying to hit a homerun trade every single time and let’s face it, everyone is trying to get “rich” quickly. Elite traders know that just one mistake of not practicing sound money management by either not using a stop loss or using too much leverage can be extremely dangerous to their account and they know that it’s just not worth it. On another note, they understand that following risk control is instilling good and strong habits for their subconscious mind and it will carry along for the rest of their careers if they just stick to that simple principle. If there’s one major reason the majority of traders fail while a small percentage of traders make money consistently, it’s a lack of risk management and account/capital protection. Before you step into the unforgiving arena (Forex) be sure to protect your account at ALL times! Keep your "Guard" up and play defense! #7 - ELITE TRADERS AVOID DISTRACTIONS AND NOISE This is a pretty interesting and controversial one. It can be difficult to ignore the distractions and noise because us traders want to be part of a group or community so that we can share ideas and forecasts along with everyone else but sometimes, you’ve got to be careful with this. You may have an idea or outlook that goes against what others think is going to happen and it could get you off track. You may have experienced this a few times where you believe the market is going to go in one direction and others share the complete opposite view which then causes you to doubt your analysis. You end up cutting the position too early for fear of being wrong and ultimately the market goes in the direction you thought it would and you’re left frustrated. Distractions can also come in the form of upcoming economic data such as the Federal Reserve coming out with Interest Rates or its chairman Jerome Powell talking about certain economic projections. Volatility spikes up and it sucks you into the hype but if you have a sound trading strategy and rules, you may have noticed that even during high volatility, the market still respects order on the charts. It just moves as a faster pace. I have personally experienced this through my years of trading, in fact a recent memory comes to mind in 2020. I was invited by an online friend to a private Meta trading group and I wanted to offer some help and insight into what I knew, so I shared a screenshot of my outlook of the EUR/USD going forward. It was a powerful chart pattern I had seen countless times on the weekly chart and the EUR/USD was trading around 1.0850. Once I shared my screenshot calling for the Euro to make a strong 1000+ pip move and trend towards 1.2000 to 1.2200, some other group member immediately called my analysis a joke and that chart patterns were garbage and useless. I was going to retaliate back but I thought to myself, this is childish, unprofessional and really unproductive, so I immediately left that group. My friend apologized and said the other guy had a chip on his shoulder because he was former banker for a massive global investment bank (I won’t say which one but I can guarantee you, everyone knows it). I appreciated the apology and left it at that. I the end, all that mattered to me was that as the months went by, the EUR/USD did in fact trend towards the exact projected price levels. That was a lesson for me to avoid detrimental opinions from others. Elite traders know about this type of noise and are sure to remove any of that from their trading. This is why many stay “undercover” and you don’t really hear about them. They stay under the radar and just do what they do and do it well. The overall lesson here is that a community should be about helping others and uplifting them, even when they’re wrong. No matter how great a trader is, he/she still deals with losses and nobody is ever correct 100% of the time. Trading is already difficult, so by encouraging and helping others become better at trading the markets, everyone improves as a whole. Conclusion There you have it, just some of the basics of what Elite traders do and what has transformed my own trading results tremendously. We all know that there are a variety of ways to approach the market but if there is one takeaway from all of this is that, Top Level traders have learned to master themselves and how they mentally approach trading. It’s actually quite simple and straight forward however it can be hard to implement in real time but that doesn’t mean that it cannot be done and transform your own trading. I wish you the best in your trading journey. I personally know it can be VERY tough but it's well worth it. Keep at it and never give up.
Education
by InternalTraderNYC
4
AUDNZD. one of the best book ever you gona read on trading.book notes my faviourit trading book. youtu.be all was looking for parallelisms of behavior learning read the tap. all I knew was the arithmetic of it it was a matter of fact mine was the ideal way to operate in a bucket shop. being right by using your head if I was right when I tested it was one man's business to anyhow it was my head wasn't it prices either were going the way doped them out help from friends or partners or they are going other way and nobody could stop them out kindness to me. in od day whenever a bucket shop was found loaded with too many bulls on certain stock it was common practice to some broker wash down the price of that particular far enough to wipe out all the customers that were long of it whenever was an unexplained sharp drop which was followed by instant recovery the newspapers 2 if my order is big my own sales would tend future to press the price when you know what not to do in order to not to lose money. you begin learn what to do in order to win . you begin to learn. if the stock doesn't act right don't touch it being unable to wrong you cannot tell which way it is going no diagnosis no prognosis no profit. i had to study what was going to happen to anticipate stock movements it was the change in my own attitude toward the game that was of supreme to me it taught me little by essential difference between betting on fluctuations and anticipating inevitable advances in declines between gambling and speculating I had to go further than an hour in my studies of the market which was something I never would have learned to do in the biggest bucket shop in the world I interested my self in trade reports and railroad earning and financial commercial statistics they call me the boy plunger . i like to study the moves, I never thought that anything was irksome if it help me to trade more intelligently. before I solve a problem I must state it my myself, when I think I have found a solution I must prove I'm right. i know how to prove it and that is with my own money. there is much to learn from partial victory as from a defeat don't be a sucker, this semi sucker he loves to buy on declines he waits he measures his bargains by the number of points sold off from the top, big bull markets the plain unadulterated sucker utterly ignorant of rules and precedence buys blindly because he hopes blindly he makes most of the money until the one of the healthy reactions takes it away from him at one fell swoop but the careful mic sucker does what I did when I through I was playing the game intelligently according to the intelligent of others big money is was not in the individual fluctuations but in the main movements that not reading the tap.but sizing up the entire market and its trend it all was my sitting got that my sitting tight its no trick at all to be right on the market you all ways earily bulls and bulls earily bears and bear markets I know many man who was buying and selling as price as very level which is how the greatest profit and their experience invariably match mine that is they made no real money out of it. men who can both be right and sit tight are uncommon I found it one o the hardest things to learn but it is only after a stock operator has firmly grasped this that he can make big money . its easy to millions will come to traders after he knows how to trade than hundreds did in the days of ignorance the reason is that a man may see straight and clearly and become impatient or doubtful when the market takes its time about doing as he figured it must do that's why who all are not all in Wallstreet not in the soccer class not even third grade never the less lose money.the market does not beat them they beat themselves because though they have brains they cannot sit tight. old turkey was dead right is doing and saying what he did and had not only the courage of his convictions but intelligent patience to sit tight. you must study of general conditions and not tips or general factors affecting individual stocks then get out of you all your stocks wait until yous see or if you prefer until you see the turn of the market the beginning of the reveal of the general conditions have to use your brains and your visions to do this. trade less unintelligently was that my initial operation seldom showed me a loss that naturally made me decide to start big it gave confidence my own judgment before I allowed it to be vitiated by the advice.of others or even by my own impatience at times without faith in his own judgment, no man can go very far in this game. that's all I earn to study general conditions to take a position and stick to it. i can wait without a twinge of impatience I can see a set mack without being shaken knowing that it is only temporary. i watch the market with to look quotation board and to read the signs is one process union process going up, price is high but the stock as acted as accumulated I watched a couple of days without trading in it the more I watched it the more convinced i became that it was being bought on balance by somebody who was no somebody who not only had big bank roll but knew what was why very clever accumulation I through. as soon as I was sure this I naturally began to buy it 160. I kept on buying it 500 share at clip the more I bought stronger it got and I was feeling very comfortable I couldn't stop that stock go up a great deal more not what I read on the tape . my tape reading simply told me someone manipulated by the insiders made the tape tell a story. I belive competed for my education as a trader .it all I need to learn was not to take tips but follow my inclination it was that I gained confidence in my self and I was shake off the old method of trading that seratoga expirance was my last haphazard hit . buying stock comfortable way know its not so much to buy as cheap as possible or go shorted at top prices buy. buying and sell the right time, when I bearish and I sell a stock each sale mut be lower level. the previous sale , when I buying reverse is true I must buying in rising scale I don't buy a long stock on scale down I buy on scale-up let example I buy 200 share at no the stock goes up ill after I by it at least temporarily right in my operation because its point hier it show me profit I'm right I go and buy 2000 shares if market is rising I buy a third lot of 2000 shares say the price goes to 114 I think enough to time being for the time I all was try to buy effectively in such a way as to help my side of the market when it comes to selling stocks its plain nobody can sell unless somebody wants those stocks if you operate large scale you will have to bear that in mind all the time a man studies conditions plans his operations carefully and proceeds to act well that man cant sell at will you cant expect the market to absorb 50,000 shares one stock easily as it does one hundred he will have to wait until he has a market there to take it there comes to time the requisite buying power there . that opportunity comes he sees it as rule he will have been waiting for it he has to sell when he can not when he wants to learn the time he has to watch and test it's no trick to tell when the market can take what you give it. starting movement its unwise to take on your full line unless you are convinced that conditions are exactly right to remember stocks are never too high for to begin buying or are too low to begin selling after the initial transaction don't make a second unless the first shows you a profit wait and watch that is where your tape reading cones in to enable you to decide as the proper time for beginning . at the exactly right time, it took me years to realize the importance of this it also cost some hundreds of thousands of dollars 500 stock don't buy all together if he is merely gambling the only advice I have to give him is don't . i realize big money must necessarily be in the big swing whatever might seem to give a big swing its initial impulse the fact is that its continuance is not the result of manipulation by pools or artifice by financiers but depends upon basic conditions and no matter who opposes it the swing inevitably run as fast and as long as the impelling forces determine. the man is not limited in his trading he could buy or sell an entire list in certain stocks a short line is dangerous after a man sells more than a certain percentage of the capital stock the amount depends upon how where and by whom the stock is but he could sell a million shares of the general list if he had the price without the danger or being squeezed. man must study general conditions to size them so as to anticipate probabilities. in the long run commodity prices are governed but by one law the economic law of demand and supply the business of the trader in commodity is simply to get facts about the demand and supply presence and perspective he does not indulge in guesses about a dozen things as he does in stocks the massage of the tape is same that will be perfectly plain to anyone who will take the trouble to think he will find if he asks himself questions and considers conditions that answer will supply them self directly the object is reading the tape is to ascertain first how next when to trade that is whether its wiser to buy than to sell it works exactly for stocks cotten weed or oats. you watch the market that course of prices as recorded by the tape with one object to determine the direction that is the price tendency price we know move up or down according to the resistance they encounter for purposes of easy explanation say like everything move along line of least resistance, therefore, they will go up is less resistance to advance than to a decline and vice versa. speculator profit from rise or fall from whtever he maybe speculating line of least reisitance at the moment of trading and what he should wait for is the moment that line defines its selfs becuse that is his singnal to get busy reading the tape see 130 has been stronger than buying and reaction in the price logically followed up to the point where the selling prevaild over the buying superficial students of the tape may conclude that the price is not going to stop short of 150 and they buy after reaction begins they hold on or sell out small loss or they go short talk bearish the public whipswed that one marvels at ther persistance not learnning there lession eventily something happens increase the power of either the upward or the downward force and the point of greatest resistance moves up or down buy for 130 will for the first time be stronger than the selling at 120 be stronger tha the buying price will break old barrier or movement limit and go on as rule is always a crowded traders who re short at 120. becuse it looks aweek or long at 130 becuse it looks so strong when the market goes against them they are forced after while either to change their minds and turn or close out more cleariy the line of least resistance thus interligent trader who has patiently waitted to detrmine this line will enlist the aid of fundamental trade conditions and also force of the trading of that part of the community that happennened to guess wrrong and must now rectifying mistakes such corrections tend to push prices along the line of least of resistance narrow market when prices not getting anywhere speak of but move with a narrow range there is no sense to trying to anticipate what the next big movement is going to be up or down thing s to do watch the market read the tape determine the limits of the get nowhere prices and make up your mind that you will not take and price breaks throught the limit either direction a speculator must concern himself with making money out of the market and not insisting that tape must agree with him never ask it reasons explanations speculative guns that is waitting for the linee of least resistance defines it self and begin buying only when the tape said up or selling only only said down . he should accumulate his line on the way up let him buy one fifth of his full line if that if that doesnot show him a profit he must not increase his holdings he has obviousely begun wrrong he is wrong tempororily and there is no profit in being wrong anytime. man can spend years at onething and not acquire a habitual attitude towards it quite unlike average beginner the diffarence distinguishedes the professional from the amature it is the man way a looks at things that makes or loses money for him in the speculative markets you have to get out you have a market that absorb your entire line failure to grasp the opertunitunity to get out maycost you millions you cannot hesitste if you do your lost nether neather runs like the price the bears by means of competitive buying for you may thereby reduce the absorbing capacity and i want to tell you that perceving your opportunity is not as easy it sounds a man must be on the look out so alertly when his chance sticks in its head at his door he must grap it. i get my pleasure out of matching my brains against the brains of othere traders men whom i never seen and never talked to and never advised to buy or sell and never expect to eet or know when i make money i make it backing my own opinions i dont sell them or capitalize them if i maid any way i would imagaine i had not earned it.your propostion does not intrest me im intrested in game only as i play it for my self and in y own way . speculator has a host of enemies maney of whom successfully bore from within i had in mind my many mistakes i have learned that a man may possess an original mind and life long habit of independent thinking and with all be vulnerable to attacks by the persuasive personality im fairly immune from the commoner speculative ailments such as greed and fear and hope but being ordinary man i find i can heir with great ease i ought to have been on my guard at this particular time bacuse not long before that i had an experience that proved how easily a man may be talked into doing something against his judgment and even against his wishes . i learn my self that i could not trust my self to remain equally unaffected by men and misfortunes . all times . man know himself thoroughly if he is going to make a good job out of trading in the speculative markets to know what i was capable of in the line of folly was a long educational step . a trader studying basic conditions remanbering market precedence and keeping in mind the psyshology of the public as well as the limitations of his brokers must also know himself and provide against his own weaknesses i have studied and reckoned on my own reactions to given impulses or to the inverable temptations of an active market quite in same mood and spirit as i have considered crop condtions anylyize reports of earnnings so day after day broke and enxiouse resume trading i sat in front of quation board in another brokers office where i couldnt buy or share one share of stock studying the market not not missing a single trasaction on the tape . watching the psychological moment to ring full speed ahead bell by reason of condition whole world. than one day entire market become quite weak and prices all stock begain to fall i had a profilt of least four point in each and evry one of the 12 stocks that i was short of i knew that i was right the tape told me it was now safe to be bearish so i promptly doubled up i had my postion i was short of stocks in a market that now was plainly bear market there wasnt any need for me to push things along the market was bound to go my way and knowing that i could afford to wait after i double up i dint make long trade for long time . when something happens on which you did not count when you maid your plans it behooves you to utilze the opertunitiey that a kindly fate offers you for one thing on a bad break like that you have big market one that you can turn arround in and that is the time to turn your paper profits in to real money , even bear market a man cannot 120,000 share stock without putting price on himself he must wait for the market that will allow him to buy that much at no damage to his profit as it stands him on paper . my expirance 30 years of trader is that such accident are usally along the line of least resistance which i base my postion in the market another thing bear in mind is never try to sell at the top it isnt wise sell sell after reaction if there is no rally as i said before man doesnot have to marry one side of the market death do them part. honesty is a best practice the big money was in being square and not in welshing , i never throught it good business to play any game in any place necessary keep an eye on the dealer becuse he was likely cheat if unwatched. but against the whining welsher the decent man is powerless fair play is a fair play i could tell you a dozen instance where i been the victim own belief in the sacredness of the pladged word or of the inviobility gentlemen agreement. life it self from the cradle to the grave is gamble. expirance has taught me that a man can aways find an opportunity to make his profit real and that opportunity usually coes at the end of the move . that inst tape reading or hunch. you can transmi knowlage that is your particular card index facts. but not expirance a man may know what to do and lose money if he doesnt do quicly enough onservation expirance and mathamtics these are thr sucessful trader must depend on. he must not observe accurately but reemanber at all times he has obserb he cannot bet un reasonable or unexpected how ever personal convection maybe about mans unreasonabaleness he must bet on probabitilites try to anticipate them years of practice of the game consitance study of always remanbering enable the trader to act the instant when te unexpected happens as well as when the expected come to pass after years of the game it become habit to keep posted he acts almost automatically he acquires the invalauble professional attitude and that enables him to beat the game at times this diffrents between the professional and the amature or accasional trader cannot be overmphased . i find instance menory and mathamtics help me very much. wall street makes money on mahamtics basis it makes money facts and figures when i said trader ha to keep posted to the minute and that he must take professional attitude toward all developments im merely expirance trader act so quckly that he has all kind of reson to give advance but never the good and sufficient reasons becuse they are based on facts collected by him years of working and thinking and seeng things from the angle of the proffesional professional attitide i keep track of all commedites allways ints habit of years figures and condition yield mathamtics expirance has tought me that the way a market behaves excellent guide for an operator to follow its like a taking a patient temperature and pulse or nothing the clour of the eye balls and the coating of the tought. buying ten thousand , fifteen tousand bushels instesd taking two or 3 trasaction price went down and quarter cent on my selling now i need not waste time the way market took my weat and the desproportion decline on my selling told me there is no buying power there such being the case what is only thing to do of course sell lot more i found expirance that abto be a steady dividend pay in this game. and observation gives you best tips for all. you need to observe the stocks . vision without money means heartaches with money it means achivements that means power and that means money that means achivement the majority of cases the object of manipulation is sell stock to the public at the best possible price its not question of alone selling its distributing . i sell stock on balance if the demand is what it ought to be it will absorb more than the amount of stock i was compelled accumulate in the earily stages of manipulation when this happens i sell the stock short that is tecnically in othere words i sell more stock i actually hold it is perfafectily safe for me to do so since im really selling against my costs ofcox demnd from the public slackens stock try to be advance than i wait i see stock become advance weekday entire market maybe develope rectionary tendancy or some sharp traders may precive there no buying orders are no buying to speak my stocks and he sells it. and his fellows follow what ever resons maybe my stocks go down , i begin to buy it i give it the support that a stock i have if its good order own sponsers and more im able to to support it without accumlating it that is without increasing it the amount i shall have to sell later on observe that i do this without decreasing my finceal resources ofcox i i sold short at higher coving prices when the demand rom the public or fro the traders or from borth enabled me to do it sometimes stocks get waterlogged as were it doesnt go up that is a time to sellthe price naturally will go down on your selling rather futher thn you wish but you genarally nurse it back as long as the stock that im maipulating goes up on my buying i know im hunky and i need be i buy it with confidence use my own money without fear priceisely as i would anyothere stocks that acts the same way its line of least resistance . when the price line of least resistance is established i follow it not im manipulating that particular stocks at particular moment becuse im a stock operator at all times when my buying doesnot put stock up i stop buying and then proceed to sell it down and that also is exacitly what i would do with same stock if i did not happen to be manipulating the principal marketing of the stock as you know i done on the way down its perfactily astonishing how much stock a man can get rid of a decline i repeate at no time during the manipulation do i forget to be a stock trader my problems as manipulator after all are same that conforont me as an operator all manipulation comes to end when the manipulator cannot make a stock do what he wants it to do when the stock maanipulating doesnt act as it should quit dont argue with the tape do not seek to lure the profit back quit while the quitting is good and cheap . you dont sell and bulk on the advance you cant big selling is done on the way down from the top . i canot put your stock to 125 or 130 i like to but it cant be done so you have to begin your selling to from this level my opinion all stocks are going down and petrolume products isnt going to be the one excepttion its better for go down now on the pool selling than for it to break next month on selling by someone else it will go down anyhow . value making information kept from public while the now tacit term prominent insiders go to the market and buy all the cheap stocks they can lay their hands on as this well informed but unostentatious buying keeps on the stocks raises finacial reporters knowing that the insiders ought to know reason to the rise ask questions the unanimously anonymous insiders unanimously declare that they have no news to give out they do not know that there is any warrant for the rise continues and there comes a happy day when those who know have all the stock they want and can carry street at once begin to hear all kind of bullish rumors the tickers ell the traders on good authority that the companey has definitly turn the corner trend is know down ward just as they brought without any flourish or trumpets when the compneys business term for better they now silentily sell inside selling the stock naturally decline then the public begins to get the familier explanations a leading insider asserts that everything is ok and decline is merly the result of selling by bears who are trying to affeted the genral market
Education
by YODA-TRADER
How to trade high impact newsIn this video, I explain a strategy for trading high-impact news that can be used on all asset classes, rinse and repeat. Find the best setups. for shorting, you want to be up high for the best probabilities of higher asymmetrical risk to reward opportunities. If you are in the middle of the day's range or even towards the lows, you still want to be up high in the session you are trading but be mindful that you may not have a runner so your targets will be shorter.
PEPPERSTONE:XAUUSDEducation
by Ross-J-Burland
Tips to identify potential trendsTo identify potential trends with ichimoku you need to look at 5 lines: -Tenkan sen:Tenkan sen is higher than kijun sen in an uptrend and vice versa -Kijun sen :Kijun sen is higher than kumo clouds in an uptrend and vice versa, if the price is lower than kijun sen, the market is no longer a potential trend. -Kumo:The kumo shape is very important, it shows the long term momentum of the market, if the kumo is thin and small then the trend is easy to retrace, if the kumo is wide and long it is a stable trend. -Chiko span:It is one of the most important lines but everyone ignores it, it shows the current momentum of the market, if the chiko span crosses with the candle then the market is in range because the momentum is at zero. Example with Xauusd: -Chiko span on candle -Price above kijun sen -Kumo is wide and thick ->So now Xauusd is trending up potential !
FX:XAUUSDEducation
by huutai2403
impact of two important following news on DXYTwo important factors that been driving Dollar prices in last several month as we all know is Federal Funds Rate and Inflation data like CPI. In this week we have both of them coming out on Tuesday and Wednesday, now we want to see how it can affect the market. Price usually tend to be at important resistive or supportive areas at the time of important news hit the market and as we can see now price is at supporting area and at the Daily low which probably will remain here until the news hit the market so we can expect of low volatility movement on USD and other major crosses, But what will happen when the news releases? As we know CPI balance is curving to downside and shows that inflation is cooling down and as we see the prediction of tomorrow CPI news we can see that the market expect this trend to continue. Now here is the tricky part, if CPI data put out like prediction or lower than the prediction this means that fed has the inflation under control which makes trader to believe that federal reserve would not need to raise prices very aggressively like before and as a result we may see a risk on environment in the market which can lead Dollar prices to come lower, but on the other hand SPX, TLT, EUR,JPY and also commodity currencies like AUD,NZD to take benefit from the situation. But if CPI data comes out higher than expectation then we can argue that federal reserve do not have inflation under control so it needs to continue hiking prices like before and this situation may lead to higher prices for Dollar and lower prices for all the other assets that we covered above. Also if the second scenario take place tomorrow we can expect USYIELD to continue going higher which have negative effect on US treasury bond and very bad effect on SPX index. Put CPI analysis apart the other important news that can shake prices real hard is federal reserve which going to hit the market on Wednesday. On that time we can see that what exactly is in the mind of federal reserve and how they are going to impact the economy. In overall, if they raise rate same or below the expectation its going to be very good for risky assets since it shows that we are getting close to end of rate hiking cycle but if federal reserve going for raising rate higher than expectation then it will have a very good impact on Dollar but bad impact on risky assets.
TVC:DXYEducation
by mohemati
nzdusdthe key in auctioning process , whether you looking at initiative buying -initiative selling / responsive buying-responsive selling we start with the auction market process and value in the market as institutions do and then we learn to track responsive and initiative trades to be able to trade with them trading is all about leverage and managing risk fast it's not about scalping trading all day everyday its all about finding trade locations based upon the auction process. institution money flow its called tracking volume imbalances in order flow otherwise known as heavy volume all this does is indicate that there big money traders hedge funds pension funds mutual funds mangers large institution governments either putting lot of money to work or unlock or unwinding postion basically, all the people that are in the know ok. you and I were not in the know we are we never gonna know we never gonna be inside there always gonna some one else we don't want based upon what they saying there gonna do we want make their bets on what actually do the best way to track that is through large orders that come through either through a commitment of traders reports that's obviously a weekly report from CBOT .ORG OR SEC GOV if you track day-to-day transactions and you and you keep track of that you can accumulate better levels of which to trade from therefore you have better probabilities market is not trading base upon chart patterns candle stick patterns or anything else becuse thats all subjective thats subjective to what you put on your charts what you need to think about bigger picthure we gonna identify higher opertunities your not just gonna buy just besuse everything selling off the same way wouldnt buy the all time all time highs just becuse it maid a new all time high or break out how maney times you buy breakout it reverse on you well if you want stop doing that you got better prepared is all im trying to say so the auction that these institutions speefically private equity smart money is going to do its going to leave imbalance in volume and they going to have to what these auction leaves to distingushed orderflow foot print that can have effect on the futhure price movement of a security or market whether its next 15 mintues or the next 15 more days if you follow institutional money flow you can determine whether you should be looking to buy something or to short it or just to adjust your risk what it really signals is that those who those who track institution money there is lot of inventory or supply to move imbalance volume i track, buy imbalance, sell imbalance, crossed market trade auctionning market where buyers lift and market come back in to these buying imbalnce area i can look opertunities given this information this tracking volume imbalance over time www.cmegroup.com
Education
by YODA-TRADER
FOREX 101 - 4 TYPES OF LOT SIZES.What is a lot? A ‘lot’ is a measure of a transaction amount. It’s the minimum number of units of the base currency that you can buy or sell. This gives traders more control over the exposure per trade. There are four main types of Lot Sizes. Lot size #1: Standard lot = 100,000 units of base currency Risk per pip =$10 per pip Lot size #2: Mini-lot = 10,000 units of base currency Risk per pip = $1 per pip Lot size #3: Micro-lot = 1,000 units of base currency Risk per pip = $0.10 per pip Lot size #4: Nano-lot = 100 units of base currency Risk per pip = $0.01 per pip Did you find this helpful? Let me know in the comments so I can do more Forex 101 tips. Ask any trading questions too :) Trade well, live free. Timon MATI Trader
Education
by Timonrosso
2
Why are fundamentals ESSENTIAL in forex trading?What is the thing that manipulates the market to make sure your stop loss is touched in less than a minute? Simple, Fundamentals. Forex trading constitutes the most accessible form of trading for individuals. Low barrier entries, low commissions, forex possess everything that a young trader wants. However, content that most young traders learn from on YouTube puts emphasis on technical analysis and neglects fundamental trading. Big institutions like central banks or hedge funds, who are the ones moving the price, always make entries depending on the economics of a state. For example, EURUSD has recently reached the historical level of under 1.00000, a level that hasn’t been reached for over 20 years, after the European Union stopped dealing gas and oil with Russia. (see the image in the chart) Furthermore, oil prices are closely related to Canadian currency, where increasing the price will increase the value of the currency. As the price of oil is increasing, AUDCAD is reaching historical levels of under 0.86000. Therefore, we can clearly see that fundamentals influence the market’s direction. We can apply fundamentals to reduce our risk as well. Indeed, we can identify risky opportunities and filter out bad trades or reduce the position size. However, over the short term technical analysis can be a practical tool to determine price reversals or the timing of an entry. History tends to repeat itself, it is the same about markets. As a matter of fact, we can use historical market price data to forecast market movements. In a perfect world, each trade would be the result of a mix of the two, with fundamental analysis assisting technical analysis. In conclusion, digital content to learn trading leans toward technical analysis even though fundamentals contribute to an important part of profitable trades by forecasting future market prices.
Education
by vf_investment
3
The continuous feedback loop of a successful traderDo you know what’s more important than winning in trading? It is knowing exactly why you actually won . Why? So that you can do it constantly. Needless to say, it is equally important to know why you lost when you lost. The successful trader is constantly winning money, no matter the conditions. The economy may be in recession … or not … Algorithmic trading may be accounted for most of the trading volume . The volatility may be over the edge or down to ridiculous levels due to the summer holidays. So what … these are all part of the job . You need to make money because this is your job and if you complain and blame external factors for your poor results then think about choosing another profession. Many would ask how is that possible … to constantly make money in ever-changing markets? Among the other 999 little things, your overall strategy is built upon there is one directly linked to your consistency. That is the continuous feedback and adjustment loop of your trading approach . This is where your post-trade analysis takes place and where you should find out WHY you won or lost. For a discretionary trader, this feedback loop is not an easy thing to put in place, but it’s crucially important to have it. Because, the more useful you want the feedback, the more accurate the analysis should be. The difficulty of building the whole feedback mechanism is finding a fine balance between the depth of the trading details you take into consideration and the time and effort needed for analyzing them. From personal experience, I can tell you that you may fail to have a useful mechanism if you are too superficial. You might as well get lost in “analysis paralysis” as well as if you go too deep. That level of needed compromise is somehow personal. You know you’ve reached it when it can answer the following questions: 1. Is your selection technique giving you enough opportunities per your time frame? 2. Are your entries able to give you the price moves you want? 3. Are your exit techniques able to cut your losers short and let the winners run? If the answer is “No” to any of these questions then you need to ask the next question “Why?” and dissect the effectiveness of that particular technique. Be ready to do the required adjustments if necessary. There is a point in a trader’s career when being able to answer these questions alone will be more useful than an advice from the mentor. From that point on you can be on your own. Best regards! Mihai Iacob
BITSTAMP:BTCUSDEducation
by Mihai_Iacob
27
Lesson 2: Support & Resistance ZonesSupport an resistance zones are critical in the market. These are the juicy spots from which market-makers get to feed themselves immensely. Many traders get trapped in these zones. Buyers are trapped when the market-maker's intention is to SELL and sellers are trapped when the intention is to BUY. It very important for ordinary retail traders like you and I to be able to play the game the market-makers plays at SUPPORT AND RESISTANCE levels. This is how one can truly profit from the market. There's a lot of price manipulation going on at the S&R levels. Market-makers are also in this business to make money. Unfortunately it is the retail trader who fattens their pockets. The good news is that this can be avoided through PATIENCE, PROPER RISK MANAGEMENT ANN HIGH LEVEL OF TRADING PSYCHOLOGY. Things to avoid doing at SUPPORT & RESISTANCE levels: 1. Trading BREAK-OUTS instantly (a sure way to be caught in the opposite side) 2. Placing STOP LOSSES right on the zone (whipsaws will destroy you) -------------------------------------------------------------------------------------------------------------------------------------- I hope this bit of education will help you trade carefully at critical SUPPORT AND RESISTANCE ZONES. HAPPY TRADING!!
TVC:USOILEducation
by SMCSmartSniper1
Lesson 1: The Market-Maker's GameLet's look at how market-makers succeed in trapping you and I in the market to make billions. These techniques, when grasped, can have an immense positive influence in your trading. Market-Makers use areas of support and resistance to accumulate/distribute order blocks. This creates massive liquidity for them to be able extract big profits, leaving the ordinary retail trader holding an empty bag. ---------------------------------------------------------------------------------------------------------------------------------- 1. Support was broken at the 0.79000 zone. They break support zones like this to trap all the SELLERS. those who placed STOP LOSSES at 0.77400 anticipating price to go down are kicked out of the market before price starts to climb higher and higher. This is the biggest reason why traders wonder why the market kicks them out before it moves in their desired direction. It's as if someone is watching your trades. Well, market-maker can see where most STOP LOSS orders are placed. They push the price to those levels to wipe traders' positions. 2. The maker-maker's intention is to take the price up without being too transparent. Their intention is to make you believe that price is headed downwards when in fact it's going up. Their first target in this case is the 0.98000 zone. When price gets to that zone both BUYERS and SELLERS will be shaken off the market so that they can take the price up some more to the 1.2500 zone (3). 3. At 1.25000 more manipulation will take place. At that price level a lot of amateur retail traders will be thinking that price is still going up. What ensues then is a big drop. Maker-makers would have now trapped BUYERS to create liquidity for taking the price down. This is critical to understand. If you can trade how MARKET-MAKERS are trading you'd be able to extract profits off the markets on a consistent basis. --------------------------------------------------------------------------------------------------------------------------------------- Do drop questions in the comments section. I will be ready to answer.
Education
by SMCSmartSniper1