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Forextrading

Rules to be SuccessfulSAVE THIS! In order to be profitable in the Forex market, we must follow some very strict rules and even imposed by us when we make our TRADING PLAN. First of all you have to trade with our own money and so you can eliminate a major pressure. Then respecting the TRADING PLAN and having a very good RISCK MANAGEMENT, from my point of view it is a bit difficult to lose in the FOREX MARKET. You need to train and apply the best strategy to always be profitable. And you must not forget that THE MARKET IS ALWAYS RIGHT AND you must follow the market.
FOREXCOM:XAUUSDEducation
by BloomFX_SIGNALS
4
EURUSD 1D MEAN REVERSION TRADING STRATEGYBest Mean Reversion Strategy: Before we get to that point, first and foremost, let’s see what tools we need to use for this strategy. The best mean reversion indicator that works 85% of the time is the RSI indicator. So, you will need the RSI oscillator on your charts. Now, there is one more important thing that needs to be done. The RSI settings must be changed from the default 14-period to 2-period RSI. So, we’re having not just any type of RSI, but a very fast RSI. Levels are 10 & 90. The other technical indicators we’re going to deploy on the charts are: 10-period simple moving average. 200-period moving average. Note* Another thing to keep in mind is the recommended time frame is the daily chart. Intraday charts won’t work because the fast-period RSI will generate a lot of false signals on lower time frames. Now, let’s see how we can combine the 3 indicators into a profitable mean reversion strategy. The first obvious question is when to buy and sell currency. To answer this question the mean reversion trading strategy needs to satisfy 3 triggers: The price needs to be above the 200-day EMA. This means that the overall price is in an uptrend so, we’re only going to look for buy signals in bull markets. Second, we look for the price to below the 10-day SMA, which shows a deviation from its mean. Last but not least, we look at the RSI to overshoot below 10, which signals that we’re in oversold territory. Note* For sell signals use the same trading rules but in reverse. Once all 3 conditions are satisfied we enter a trade at the open of the following day. Once we’re in a trade we also need, we also need to know when to exit the market. This is where the 10-period simple moving average comes into play again. What we’re looking for is for the price to reverse back to the 10-period SMA strategy. More often than not the price will overshoot to the upside and break above the 10-period SMA. So, to fully capitalize on the entire move we use multiple take profit targets: The first profit target is to cash half of the position once we touch the 10-period SMA. The second portion of your position is left until we break and close above the 10-period SMA. Based on our backtesting result, on average your trades should reach the second target within 1-3 days. The longer you keep your position open, the lower the chances of the trade to succeed. As a general rule, you should cash out of your entire position within the first 3 trading days. Now, we have left out for last the most important part, which is managing risk. When it comes to the protective stop loss we’re advising not to place a stop loss right away, but instead, use a time stop. Let me explain… Based on our backtesting results we have found that a lot of the times the market will do a false breakout below the previous day low (high) and hurt our position. So, to avoid this scenario we have found a great trick to move around it. Our rule is very simple: If by the first half of the day our position shows a loss, we close that trade and call it a day. This is a risky play but we have the edge on our side to play this kind of trick. After all, trading is a risky game and everyone needs to decide for themselves how to manage risk. Final Words – Best Mean Reversion Strategy In summary, the most alluring thing about mean reversion trading is the high win-loss ratio and the simplicity behind it. One thing to keep in mind is that the mean reversion strategy tends to perform poorly when the market is in a hard-mode trend. But that shouldn’t be much of a big deal since the market is ranging 75% of the time. The key takeaways from the mean reversion trading strategy are as follow: Mean reversion can be used with all asset classes (stocks, commodities, currencies or cryptocurrencies). Range trading and overbought/oversold signals work the best with this method. Adjust the RSI settings to a fast-period. You can generate quick profits – short holding time periods. A trading tip – use a time stop instead of a price stop. Thank you for reading! Mean Reversion Trading Strategy with a Sneaky Secret. In this guide, you’ll learn a mean reversion trading strategy with some trading secrets that will assist you to limit the downside. The first part of the guide will highlight what is mean reversion trading, while in the second part we’ll reveal the mean reversion strategy and how you can fine-tune it to fit your personality. If this is your first time on our website, our team at Trading Strategy Guides welcomes you. Make sure you hit the subscribe button, so you get your Free Trading Strategy every week directly into your email box. The mean reversion trading systems are more appealing to a lot of traders because it tends to have a higher win rate as opposed to the trend following strategies. Even when the markets are in well-established trends, mean reversion happens quite often. So, there are more opportunities to profit from mean reversion trading. Let’s kick the ball rolling and start with the basic by first explaining what is mean reversion in trading and then we’re going to reveal 5 trading principles that can be used with the mean reversion strategy. Table of Contents 1 What is Mean Reversion Trading? 2 How Mean Reversion Trading Works? 3 Why the Mean Reversion Strategy Works? 4 Mean Reversion Trading Strategy 5 Final Words – Best Mean Reversion Strategy What is Mean Reversion Trading? Put it simply; mean reversion trading assumes that over time the prices of any asset (stock, commodity, FX currency or cryptocurrency) in time will revert back to the mean or average price. In other words, reversion to the mean trading comes down to the old saying: “What goes up must come down.” The mean reversion theory is at the foundation of many trading strategies that involve buying and selling of those asset class prices that have deviated from their historical averages. The idea is that in the long-term prices will return back to their previous average prices and normal pattern. Example of mean reversion trading strategies includes: Reversals. Pullback trading. Retracement. Range trading system. Overbought and oversold strategies. Our best mean reversion strategy is to trade those price ranges that occur after a severe price markup or markdown. In this case, reversion to the mean implies trading around the middle of the range as our average price. In essence, mean reversion is playing around a central value be it the middle of the range, or a moving average, or however you wish to express it. The reversion to mean trading system tends to produce a higher win rate in those instances where we can notice extreme changes in the price. We can measure extreme price changes relative to the time frame used. Obviously, there is also a probability that the price will not revert back to its mean. This can indicate that there is a real shift in the market sentiment and we’re in a new paradigm. Now that we know what is mean reversion trading, let’s see how the mean reversion regression works. How Mean Reversion Trading Works? With mean reversion, we’re looking to trade against the heard. A lot of the times when you’re doing mean reversion trading, you’ll be quick in-and-out of a trade. That’s why day trading mean reversion strategy works better. There are other different ways to trade with the mean reversion strategy, including: Price stretch from a simple moving average strategy. A break outside the Bollinger Bands strategy and a return back to the mean. A test of support and resistance strategy while the price is consolidating. The linear regression is clearly slopping upwards and it’s acting as a magnet to the price. Each time the price deviates from the average price line it snaps back to it outlining the reversion to the mean concept. The main advantages of the mean reversion strategy include: Effective exit strategy – the take profit target is always the average price. High win rate – the shorter the mean reversion time frame used the higher the win rate. Good risk-adjusted returns. All trading strategies have their own pros and cons. The biggest flaw is that once you’re in a trade you’ll often see first a loss before you see a profit. The main components of the mean reversion strategy should include: 1. Entry signal after the price has moved away from its average price. You can simply calculate how far away percentage-wise are from the mean or use an ATR strategy multiple declines or simply use a volume oscillator to gauge oversold/overbought readings. 2. Exit signal gives you a way out once you get into a trade. 3. Broad market timing. Why the Mean Reversion Strategy Works? Mean reversion is a key element part of how all financial markets work. Mean reversion happens because the prices have a tendency to overshoot and undershoot their intrinsic value. These “price anomalies” happens because the impact of new information that hits the market takes time to be digested by the market. The market participants will take some time to understand the new information as the information is filtered slowly. Additionally, it takes time for the market to establish a fair value. Secondly, mean reversion trading also works because prices also move based on collective emotions. What this means for traders is that the price tends to overshoot to the downside a bit more than they overshoot to the upside. This is true because fear tends to be a bigger emotion than greed. Let’s put the puzzle pieces together and construct our reversion to the mean trading strategy.
Education
by Tradingstrategyguides
3
Using Harmonic Pattern Completions to Set Direction of TradeIn this short Tutorial I discuss using Harmonic Pattern Completions on Higher timeframes to give you direction of a trade. Then moving down to a day trading timeframe and using the xbratalgo to give signals in the direction dictated by the Harmonic Pattern. And then using the Divergence Cloud to confirm trade. I used Silver Futures as an example in this video, but the strategy is the same for stocks, forex and cryptocurrency. I hope this helps
COMEX:SI1!Education
by PBratbyOfficial
Who wants to trade like this now markets are back open ❓💲Hello fellow traders Quick idea as the markets open up for the week I just wanted to show you all how I traded GBPUSD last week. I am working the 30M time frame here using our 'EDGE' strategy. As you will see from the chart there was four trades last week on this time frame and three were winners! 138 pips banked. Our strategy is a follow trend strategy and can be used on any time frame but also with any instrument. The strategy sits in your tradingview and when all confluences are met a simple alert appears on the chart. At this point we enter the trade. When an alert presents all the trade information is presented too, take profit target, stop loss, entry points etc. The confidence in the way we trade comes from the built in strategy tester. This enables us too back test the way we intend to trade. No one can predict the future but this is a great marker on how trading a pair could perform going forward. The strategy tester data for this pair can be found at the foot of this idea. The data is based on £5000 starting capital and risking 2% a trade. Data shown is tested from Jan 2020 to present time. The strategy tester shows gains from trading this way along with, win rate, number of trades and draw down. Feel free to press the sub menus and in doing so you will see a performance overview and all 409 trades individually logged. All of the above allows our traders to trade with confidence and emotions firmly in check. For any more information on the strategy shown please feel free to drop me a message.
Education
by RichScott
EURUSD 4H FADE ENGULFING STRATEGYEngulfing Trading Strategy The engulfing pattern is fairly regular in its occurrence. Appearing regularly means that a lot of the time, it simply won’t work. Statistically speaking, candlestick patterns have a high failure rate, which is why we come with the idea to fade the engulfing bar pattern. Of course, candlesticks can indeed be useful--but advanced trading strategies will require you to look beyond these basic charts and think deeper. To develop an effective engulfing trading strategy, we need to establish a proper framework to stack the odds in our favor. Step #1 Spot a Sideways Market The first thing we want to look for is a sideways market where no one is in control. This is very important because it’s setting the stage for price manipulation. The premise behind the typical price manipulation is based on the core idea that smart money needs buyers when they want to sell and they need sellers when they want to buy. In this regard, our goal is to identify price areas where the trading volume is flat. Usually, in ranging markets, volume remains mostly flat. Since the market is range-bound around 75% of the time, it will be easy to spot a sideways market, especially on the intraday charts which are prone to exhibit more noise. The natural flow of the price dictates that sooner or later we’re going to see an expansion in volume, which brings us to the second step. Step #2 Localize the Engulfing Pattern The ranging price action needs to be followed by the engulfing pattern. Going on with our EUR/USD chart, we can spot a bearish engulfing pattern. Since we’re still in a range the sellers of the engulfing pattern need to overcome a lot of support/resistance levels that were built-in during the consolidation phase. What happens is that the sellers who got tricked to enter the bearish engulfing pattern are now trapped inside a consolidation zone. One of the first signs that selling the engulfing pattern was a bad idea could be that we didn’t have enough profit margins. Smart money love to create these types of price deceptions. How these price deceptions work is very simple. The smart money needs to create a sudden price movement so that it attracts the retail eye to enter the market. Once the retail trade bites the bullet, smart money only needs now to bid the market higher and cause everyone to panic. This in return will trigger more sell stops on the upside and subsequently, the upside move gets amplified. Now, you might be asking yourself why all the fuss to trick the retail traders? Well, it comes down to two things: The market is a zero-sum game, so every transaction needs to have a counterparty. And, secondly, smart money needs liquidity to execute their big trades. Now, you get the idea of why smart money can use the textbook patterns to trick the retail traders. Next, we need to establish how the engulfing trader strategy works. Step #3 How to Fade the Engulfing Pattern We have a clear signal to enter the market when to price breaks above the high of the bearish engulfing pattern. Normally, traders would sell at the break of the low so we’re doing the exact opposite. Once the price deception is completed, we can see smart money buying aggressively. As a general rule, once we break the high of the bearish engulfing pattern, we should see momentum picking up to the upside. If we see this type of price behavior we’re almost sure we have got a good trade. The next step is to establish how to manage risk, i.e. where to hide our protective stop loss and when to exit the market. Step #4 Where to Place Stop Loss The stop-loss strategy is quite simple. We hide our protective stop loss below the bearish engulfing bar. If this indeed was a price manipulation set by the smart money, then the price should not break below the bearish engulfing candle low. However, since we can’t be 100% in control of what the market does in the eventuality it breaks below the low we want to get out, which is the stop-loss order job to do for us. Step #5 Where to Take Profit Now, in terms of take-profit…. If you want to take your trading to the highest point of success, you need to be able to maximize your profits with each trading opportunity. The good news is that our take profit strategy is quite easy to implement. You’ll have to take profits along the way and scale-out of your position as the trend matures. This ensures you’ll benefit from the entire price move. Conclusion – Engulfing Bar Trading Strategy In summary, the engulfing pattern trading strategy gives you a chance to trade along with the smart money and profit from trapped retail traders. Most traders will lose money when trading candlestick patterns but with a little bit of twist, you can turn the odds in your favor. And, that’s precisely what our easy guide to trading the engulfing pattern is aiming for. Here is a summary of what you have learned so far: The textbook engulfing pattern and how it works. How to interpret the price manipulation around the engulfing bar. How to trade along with the smart money. Only fade the engulfing pattern that develops inside a sideways market. How to maximize your profits by scaling out of your position. Engulfing Trading Strategy - The Fade The engulfing trading strategy will give you the skills you need to become a better trader. Through this guide, we’re going to take a deeper look into what exactly is the engulfing pattern and how understanding this particular pattern can improve your outcomes as a trader. Furthermore, we’re going to show you how to master the engulfing bar trading strategy with a simple twist. Don’t worry if you already know how engulfing trading works, we have some additional information for you as well. This will strengthen your existing knowledge about the engulfing candle trading strategy and help you find new opportunities to succeed as a trader. How we interpret the engulfing pattern can provide us with a further understanding of the current market sentiment, whatever form it might take. In return, this can help us better assess the probabilities of success behind each individual bearish and bullish engulfing pattern. Table of Contents 1 What is the Engulfing Pattern? 2 How to Trade Engulfing Pattern 3 Why the Engulfing Pattern Works? 4 Engulfing Trading Strategy 4.1 Step #1 Spot a Sideways Market 4.2 Step #2 Localize the Engulfing Pattern 4.3 Step #3 How to Fade the Engulfing Pattern 4.4 Step #4 Where to Place Stop Loss and Take Profit 5 Conclusion – Engulfing Bar Trading Strategy What is the Engulfing Pattern? In technical analysis, the engulfing pattern is multiple candlestick patterns (2-candle pattern) that can signal a trend reversal or a trend continuation depending on where it develops in relation to the prevailing trend. While you can find this candlestick price formation by using the engulfing pattern indicator, you can easily spot the pattern with your naked eye. There are two types of engulfing patterns: Bullish engulfing pattern. Bearish engulfing pattern. Being able to identify the engulfing pattern can help us time the market. So, how do we identify the bullish engulfing pattern? The bullish engulfing pattern is a combination of one bearish candlestick followed by a bullish candlestick that engulfs the entire body and wicks of the first candle. This shows that, generally, the broader market is moving in a positive direction. Naturally, it signals a potential reversal of the prevailing trend. On the other hand, the bearish engulfing pattern is the opposite of the bullish engulfing pattern. The bearish engulfing pattern can signal the possible start of a new downtrend. While these engulfing patterns do occur in the opposite direction, they are still governed by the same underlying principles. Moving forward, let’s see the different ways how to trade the engulfing pattern. How to Trade Engulfing Pattern To exemplify how the engulfing pattern works, we’re going to showcase how to trade a bearish engulfing pattern. The opposite will be true for the bullish engulfing pattern. Understanding the difference between bullish patterns and bearish patterns will be key to leveraging engulfing patterns to your advantage. As per the textbook rules, we first need to wait for the second candle of this price formation to close. A close below the low of the first candle shows a stronger bearish signal. Secondly, the engulfing pattern gets confirmed once we break and close below the low of the second candle. The way we trade it can be broken down into two strategies: Either sell right away when we break below the low. Or, a more conservative approach would be to wait for a candle close below the low. Note* As a general rule, only enter once the pattern is confirmed. Using strict risk management rules, we can hide our stop loss above the high of the second candle. Usually, the engulfing pattern can boost attractive risk-reward ratios so you can capture profits at least 3 times your risk. Now, before we reveal the better way to trade the engulfing pattern trading strategy, it’s important to understand what’s going on behind the scene. What do we mean by this? Simply put, we want to know the psychology behind the engulfing pattern. Why the Engulfing Pattern Works? How we interpret the psychology behind the engulfing pattern plays a big role in whether or not the pattern will work out. Price Action Strategy is the ultimate indicator telling you what’s going on in the market. In terms of the market sentiment, it’s the only reliable source because the best technical indicators are all based on price action. When we look at raw price action we can tell who is winning the bulls and bears battle. The engulfing candle simply signals a big shift in the market sentiment. So, let’s see what the bullish engulfing pattern is telling us from the supply and demand perspective. The apparent shift in the supply-demand balance is revealed by the second candle, which shows that the buyers have stepped in and managed to overcome the sellers. However, as we know it, the price can move higher even from a lack of sellers (supply-side is dry out). That’s the reason why you’ll see that, many times, the candlestick patterns failing more often than not. The key idea here is that you need to be very selective and only trade the engulfing pattern when it develops at extreme ends of a trend. Truth to be told, the engulfing pattern rarely develops at the end of a trend. Most of the time, you’ll notice this chart pattern popping a lot of the time in the middle of the trend or in a sideways market where a lot of price manipulation happens. But, what if we can use the engulfing bar trading strategy to take advantage of the price manipulation?
Education
by Tradingstrategyguides
2
EURAUD 15M UNIDIRECTIONAL TRADING STRATEGYUnidirectional Trade Strategy STEP 1 - The first step to start trading is to choose the right market to trade and the best time of the day to trade. You chose a market and you stick with it until you master it. For the purpose of his unidirectional trade strategy review, we’re going to stick with trading FOREX. Moving forward, we’re going to lay down some rules to trade only in one direction. STEP 2 - Only Buy if We Trade Above the Opening Price We’re not going to predict which way to trade, but instead, we’re going to go along with the intraday momentum strategy. What we mean by this is simple: If the market price trades above the opening price of the new trading day, it’s an indication that the buyers are in control, so we want to go along with the flow of the market. The other alternative is to try to guess the market, which is a lot harder. Note* conversely, if the price is below the opening price we only trade on the short side. Since we’re trading within the forex market, we want to focus only on the major trading session like the forex London market and the New York sessions. Step 3 - Buy at the First Green Candle that closes above the Opening price of the New Trading Day. We need to clarify some rules: If during the first hours of trading the market has spent most of its time above the opening price our bias for that day is up, and we only look to buy. Conversely, if during the first hours of trading the market has spent most of its time below the opening price our bias for that day is bearish and we only look to sell. When the next major trading session opens (i.e. The London session) we look for the first bullish candle that closes above the opening price to trigger our entry: You can actually buy each time you see the price retesting and getting rejected from the opening price. We’re going to use the same rules and buy at the first bullish candle that closes above the daily opening price. Now, you may be asking yourself: “What if the market is already above the opening price?” “How do we enter?” Buy after each two consecutive bullish candles. Or, if you have a big bullish candle with its trading range bigger than the surrounding candles, you can go ahead and buy. Step 4 - You determine your own Take Profit levels or Take Profit Equals 2 times ATR We are going to use the average true range (ATR) indicator which measures the price volatility. This will give us a more efficient way to pinpoint the dynamic exit price level. As our profit target, we’re going to use the 14-period ATR applied to the 15-minute chart and multiply that by 2. For example, if the ATR is 5 pips our take profit will be 2 x ATR, which is 10 pips. Here are some of the advantages that come with trading only in one direction: Trading along with the momentum. A big profit potential on strong trading days. Reduces risk and improves the risk-reward ratio. Final Words – Unidirectional Trading Strategy In summary, a unidirectional trading strategy is an easy-to-use approach that is a great way for novice traders to get their feet wet. Short-term traders are better off with our unidirectional intraday trading strategy because they can profit without predicting the market. The bottom line is that if you stay nimble and react to the current market price, you’re better than trying to forecast the market. When you’re tied to your predictions you’re blinded to what’s really going on in the market. Keep it simple and trade in one direction! Thank you for reading!
Education
by Tradingstrategyguides
2
SAR + Moving Averages + Multi Time Frame Sniper Entry FinderThis Is a mutli time frame chart used to find perfect entries using the 1hr & Daily time frames. The way this works is every time a MA Cross + Trend Confirmation From The SAR Happens Then You Would Enter For Either A Long Position Or Short Position. Used This Chart With The Mobile Trading Alerts Feature & Let Me Know How This Strategy Turns Out For You. Enjoy, Follow, Like, Comment & Share If You Find This Strategy Helpful Or If You Would Like TO Continue Seeing More Strategies Like This.
Education
by ForexPrince93
WHY DID THE BULLISH CONTINUATION MOVE FAIL?What does "End of Month Square Up" mean. A square position is a situation where a trader or portfolio has no market exposure. ... The reason for this confusion is that the term "squaring up" is used to describe settling open trades before the market closes. A square position is also referred to as a "flat position." Square position, like many trading terms, can take on a different nuance depending on the speaker. For an individual forex trader, a square position can refer to offsetting long and short positions in the same currency pair or a situation where a currency trader holds no positions in the market. The reason for this confusion is that the term "squaring up" is used to describe settling open trades before the market closes. Squaring usually refers to just a few positions, but a trader could close out all of his open positions and get out of the market. The "Market Makers" can use this trading principle as they move the market. E/U had a Bullish Trend which became a consolidated range. Price had a Bearish Breakout of the Range bottom which failed. Price created Higher Highs and Higher Low making it appear a Bullish Continuation move was happening. This drew in long traders leaving behind lots of money tied up in Stop Losses. The Market Makers can tell where the most money is tied up on the Long side or Short Side. It seems to appear that the Market Makers made the Bullish Continuation Reversal fail and took out the Stop Losses at the Higher Low entry point and also the 50% reversal entry point. All of this happening the last few days of the End of the Month of October. Could this be an example of the "END OF MONTH SQUARE UP?"
Education
by Tradingstrategyguides
AUDUSD 15M SCALP SHORT TRADE US SESSIONStacey Burkes TSG Podcast Ep. #18 Forex Trading Strategy. US SESSION 3 Hour Window Starting at 8 am EDT Ending at 11 am EDT Step 1 Highest Bullish Candle Inside US 3 hr window. Step 2 Bearish Pin Bar 2nd candle in US window. Step 3 Enter Sell Trade when Price Engulfed the bottom of the High Bull Candle. Step 4 Market Makers Stop Hunt Bullish Wick Confirmation for Short Entry Traders. Step 5 SL above current swing high. Step 6 EXIT - Close Short Trade after Price crossed Bullish Resistance.
Education
by Tradingstrategyguides
3
EURAUD 15M SCALP LONG TRADE US SESSIONStacey Burkes TSG Podcast Ep. #18 Forex Trading Strategy. US SESSION 3 Hour Window Starting at 8 am EDT Ending at 11 am EDT Step 1 Lowest Bearish Candle Inside US 3 hr window Step 2 Bullish Pin Bar 2nd candle in US window. Step 3 Bullish Engulfing Candle Entered at Candle Close. Step 4 Market Makers Stop Hunt Bearish Pin Bar Confirmation for Long Entry Traders. Step 5 SL below Entry Candle Step 6 EXIT - Close Long Trade after RailRoad Tracks Bearish Reversal Candle Pattern with 61 pip profit.
Education
by Tradingstrategyguides
4
RidetheMacro|11 GOLDEN TRADING RULES FOR TRADING 💎📌 GOLDEN RULES FOR TRADING 💎 📍 1. Don’t break your rules - The first and foremost rule of share trading is to never borrow capital to invest in share market. Test your trading setup and its logic through paper trading or back test it with the available data. Then start with small quantities or a single lot etc. So don’t break the set rules , you made them for tough situations, just like the one you’re probably in right now. 📍 2. Don’t believe in a company - Trading is not investment. Remember the charts and forget the press releases. 📍 3. Don’t seek the Holy Grail - There is no secret trading formula, other than solid risk management. So stop looking for it. Always do trade keeping your trading capital into consideration. Don’t over trade. 📍 4. Don’t forget your discipline - Learning the basics is easy. Most traders fail due to a lack of discipline, not a lack of knowledge. Maintaining stop loss is one of the key discipline parameter to be religiously followed. 📍 5. Don’t chase the crowd - Listen to the beat of your own drummer. By the time the Crowd acts, you’re probably too late. Or too early. Don't chase the Retails. 📍 6. Don’t ignore the warning signs - Big losses rarely come without warning. Don’t wait for a lifeboat to abandon a sinking ship. 📍 7. Don’t count your chickens - Profits aren’t booked until the trade is closed. The market gives and the market takes away with great fury. 📍 8. Don’t have a paycheck mentality - You don’t deserve anything for all of your hard work. The market only pays off when you’re right, and when your timing is really, really good. 📍 9. Diversification of portfolio - Do not put all eggs in one basket. 📍 10. Don’t expect to make profit everyday - If you consider that you can make profit on every trade, you are 100% wrong. Always be flexible and accept the fact as soon as you realize that you are on wrong side of the trade. Simply exit the trade without changing your strategy during the market; it may cause you double losses. Always follow stop loss. Treat trading as a BUSINESS and Earnings (profits) & Expenditure (losses). Learn to like losses as they are the part of the business. 📍 11. Never add to a losing position - When market has given the verdict that your trade is wrong. Accept it. Just exit from the trade and don’t average it. Don’t take it personally and bring your ego in between. Don’t fight the market. It’s not a one on one thing. It’s one on many. Share your comments ideas below to make Things more better. Thank You.
BITSTAMP:BTCUSDEducation
by Ridethemacro
6
The Simplest Rules for Profitable Trading! There is a very interesting concept for traders and how they should trade. It is based on the possible results in every single trade. When we open a trade we should be ready to get one of the following results: - big profit - small profit - small loss - big loss From the list above, it is obvious that if we do the best to avoid big losses, our trading will be profitable. Of course, for this, we have to get not only a small profit but also big profit trades. And this concept also matches another rule for traders, probably one of the most important: cut losses quickly and let profits run! As you can see, for profitable trading you have to follow these concepts. They are logical from the core. The problem of novice traders is that they follow the rules vise verse. The get big losses and avoid big profits. Or in other words, they cut profits quickly and let losses run. So, from this post, you can get better ideas about how you should trade, in order to be profitable in the long run.
FX:XAUUSDEducation
by DLavrov
15
The Difference in Judgements of Amateurs and Professionals Trades shouldn't be judged based on the results. For example, if a trade gave profit it is a good trade and if a trade gave a loss it is a bad trade. It is an amateur's approach. Trades must be judged based on other criteria: - good/bad entry - good/bad exit - was it in the line of a trading strategy? - was it in the line of a trading plan? - was it in the line of proper money management? The same goes for the judgment of traders. If a trader isn't profitable right now or for some period of time, but he or she trades properly, it is a good trader. If a trader made tons of money without following his or her trading plan and proper money management, it is a good example of a bad trader. The same goes for trading robots, trading strategies, and other tools. Don't follow an amateur's approach in deciding what is good or what is bad in trading. You should be smarter and look at the whole picture before any conclusions! For such an approach, you must have the right knowledge and experience!
KRAKEN:BTCUSDEducation
by DLavrov
13
How Much Money You Can Make from Trading?How much money you can make from trading in different markets and using different trading styles? Such a question is rather popular among novice traders and in this post, I want to provide you my vision. Here is an estimated profit per month: Forex Market - short term trading 5-10% - swing trading 3-5% - position trading 1-3% Crypto Market - short term trading 10-15% - swing trading 5-10% - position trading 3-5% Stock Trading - short trading 50-100% - swing trading 10-15% - position trading 5-10% Maybe you think I'm wrong and some markets and trading styles can give much more profit. Well, it can be like this. I just share my personal idea which is based on the information and knowledge I have. Also, I took into consideration that the market conditions can be too important for crypto traders and for investors in Stock and Forex markets. I tried to calculate an average value based on different market conditions. I think the numbers are reachable for any trader. Of course for those who spent their time and effort on building the solid basis of knowledge and who gained the right experience. If you are a lazy trader, who searches for premium trading service only and who doesn't respect the power of knowledge, you should forget about these numbers. If you stay at the breakeven after such trading, be sure that you are a lucky man. Many novice traders blew up their accounts chasing good profit. Instead of investing money and time in improving themselves as traders, they picked the wrong way. Don't be like the majority of traders, respect knowledge and experience and you will succeed in trading. It is just the question of time!
KRAKEN:BTCUSDEducation
by DLavrov
28
EURNZD 15M 3 LITTLE MOUNTAIN 3 LITTLE RIVER STRATEGYThree Little Mountains Rivers Trading Strategy Again, this strategy doesn’t require any professional trading indicators. The Three Little Mountains Rivers trading strategy is a pure price action trading strategy that has the potential to reward us instantly. The rules for this setup are pretty simple (sell signals): First, you need three consecutive symmetrical peaks (swing highs). The time that passes between the development of each swing high is more or less the same. Enter a short position once the market turns below the 20% range of the second peak. Place your protective stop loss above the newly formed swing high. * It is required that at the top of the last high or low, a candlestick reversal pattern is formed. Whether it's a Hammer , a Hanged man, a Morning or Evening Star , Bullish or Bearish Engulfing , or another pattern. Basically, we’re trying to anticipate when the third swing high will get formed. If we wait too long, our profit margins will shrink. Read more about swing trading in forex here. Note* this chart pattern works on the daily chart as much as it works on the lower time frame. We like to trade the Three Little Indians trading strategy on the 5-minute chart.
Education
by Tradingstrategyguides
1
EURNZD 15M 3 LITTLE INDIAN REVERSAL STRATEGYThree Little Indians Trading Strategy Again, this strategy doesn’t require any professional trading indicators. The Three Little Indians trading strategy is a pure price action trading strategy that has the potential to reward us instantly. The rules for this setup are pretty simple (sell signals): First, you need three consecutive symmetrical peaks (swing highs). The time that passes between the development of each swing high is more or less the same. Enter a short position once the market turns below the 20% range of the second peak. Place your protective stop loss above the newly formed swing high. * It is required that at the top of the last high or low, a candlestick reversal pattern is formed. Whether it's a Hammer, a Hanged man, a Morning or Evening Star, Bullish or Bearish Engulfing, or another pattern.   Basically, we’re trying to anticipate when the third swing high will get formed. If we wait too long, our profit margins will shrink. Read more about swing trading in forex here. Note* this chart pattern works on the daily chart as much as it works on the lower time frame. We like to trade the Three Little Indians trading strategy on the 5-minute chart.
Education
by Tradingstrategyguides
TRADING 800 SMAHere is a story about the 800 SMA . When you begin your trading session look at each pair you are going to be trading on the 4 H chart. See if any pairs are stuck on the 800 sma . They probably won't move far for 25 bars. Avoid. What ever short time frame you trade from and what ever pairs you trade, make a list of pairs that have been away from the 800 sma for 24 hours or more. Also add to the list any pairs that have been stuck around the 800 sma for 25 BARS and are ready to break away. This helps find what pairs you want to focus on during the day with the rest of your trading strategy. On my chart you will see price come down to the 800 sma 3 different times. If price hesitates by the 800 for several bars then it may get stuck there for 25 bars. If price bounces away from the 800 sma when it comes down to it then price is still in motion and can set up some trading opportunities for your strategies. We have many different strategies to learn on our blog and we are constantly coming out with new strategies for traders to learn every week.
Education
by Tradingstrategyguides
Trade Planning - How to Trade PlanThis video explains how to effectively trade plan to limit your risk and to maximize your gains. When it comes to Risk Management and Trade Planning, it's important to maintain a clear mind about the possibility of the asset your assessing going in either bullish or bearish direction. Furthermore, this video explains some ideas on how and where to place stop losses based upon entry confirmations and provides insights about position managing your trades as they develop into a winner. I hope you find this video informative and hope you use this video to your best advantage with your day-to-day trading activities. Thanks for watching. Always remember to trade safe - trade well. Regards, Michael Harding RISK DISCLAIMER Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors.
FX:XAUUSDEducation
by Michael_Harding