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$10,000 x 1 YEAR = ???Dear trader, something to think about. Is it possible to make millions of $$$$$$$$ from $10,000 in 12 months? For sure! Check out this great story. *Daniel J. Zanger is a technical stock and equities trader. Zanger hit the media spotlight after audited returns showed he turned $10,775 into over $18,000,000 in under 2 years. Personal history Dan Zanger holds a world record for his trading one-year stock market portfolio appreciation, gaining over 29,000%. In under two years, he turned $10,775 into $18 million. Fortune magazine, wrote an extensive article on Zanger, covering his trading results after reviewing his IRS tax returns and trading records. Zanger grew up in the San Fernando Valley area of Los Angeles. His father was a physician & his mother was a psychologist. He started college but dropped out to snow ski for a few years in Colorado and Idaho. He had a few odd jobs, such as bell hop, cab driver and prep cook to support himself during his early twenties. Eventually, he moved back to LA with a high school education and no professional trade. He started working for a landscape company and eventually got his California contractor's license. He ventured into pool building in Beverly Hills as an independent contractor where he made a modest living from then on. His mother Elaine loved the stock market and Dan would often watch the Business Channel with her. One day in 1978 Dan saw a stock explode across the ticker tape at the bottom of the screen hitting $1. He made his first purchase and sold the stock a few weeks later at over $3. From that sale on, he was hooked on the action of the market tape, usually carrying a quotetrek device with him on his contracting jobs to stay up on stock prices. The Internet bubble As technology and internet stocks took center stage in the stock market in 1997, Dan began to see powerful moves underway. He sold his Porsche for approximately 11,000 dollars to have the necessary capital to jump fully into the market. Over the next year, he parlayed the 11,000 dollars into 18 million with the knowledge acquired over two decades playing the market and re-reading the works of William O'Neil. With this success, Dan was able to become a full-time trader and leave contracting behind. *From Wikipedia, the free encyclopedia It is not possible to get rich with normal job! don't forget it. I will soon show you a very powerful tool here on tradingview... I wish you a very good start in the new year. Best regards
BITSTAMP:BTCUSDEducation
by i-like-profit
4
BASICS TECHNICAL ANALYSIS - TRENDFOLLOW FORMATIONFORMATION ANALYSIS: PRICE PATTERNS AND CHART FORMATIONS A trend setting of technical analysis is formation analysis. In doing so, certain combinations of movement and correction are considered. If such a combination is detected, the trader can try to trade the resolution of the formation. Basically, a different is made between the trend continuation formations and the trend reversal formations. They are often caused by resistance and support lines. Trend continuation pattern: Confirm the strength of a trend. These are, for example, rising / falling triangles. Even flags and pennants (see picture) are seen as a trend continuation.
COINBASE:BTCUSDEducation
by i-like-profit
BASICS TECHNICAL ANALYSIS - TREND - SUPPORT - RESISTANCESimple explanation about trend, support and resistance. A trend can move in two directions. An uptrend defined by higher lows and higher highs, or a downtrend defined by lower highs and lower lows. Then there is the sideways phase . As the name suggests, there is no trend here. The trend line will be pulled upwards along the significant lows during an uptrend and pulled up the significant highs during the uptrend. Common mistakes with a candlestick chart (candles chart) which I could observe here: The lines are partially pulled along the candle bodies and that is FALSE. If there is a shadow, then the line is drawn on the shadow and not on the body!!! Resistance: When a price moves from the bottom to the top and pull back on the same point (price) over and over again. Support: When a short moves from the top to the bottom and pull back on the same point (price) over and over again.
COINBASE:BTCUSDEducation
by i-like-profit
Candlestick Definition History Candlestick charts are thought to have been developed in the 18th century by Munehisa Homma, a Japanese rice trader. They were introduced to the Western world by Steve Nison in his book, Japanese Candlestick Charting Techniques. They are often used today in stock analysis along with other analytical tools such as Fibonacci analysis. In Beyond Candlesticks, Nison says: However, based on my research, it is unlikely that Homma used candle charts. As will be seen later, when I discuss the evolution of the candle charts, it was more likely that candle charts were developed in the early part of the Meiji period in Japan (in the late 1800s). Description The area between the open and the close is called the real body, price excursions above and below the real body are shadows (also called wicks). Wicks illustrate the highest and lowest traded prices of an asset during the time interval represented. The body illustrates the opening and closing trades. the asset closed higher than it opened, the body is hollow or unfilled, with the opening price at the bottom of the body and the closing price at the top. If the asset closed lower than it opened, the body is solid or filled, with the opening price at the top and the closing price at the bottom. Thus, the color of the candle represents the price movement relative to the prior period's close and the "fill" (solid or hollow) of the candle represents the price direction of the period in isolation (solid for a higher open and lower close; hollow for a lower open and a higher close). A black (or red) candle represents a price action with a lower closing price than the prior candle's close. A white (or green) candle represents a higher closing price than the prior candle's close. In practice, any color can be assigned to rising or falling price candles. A candlestick need not have either a body or a wick. Generally, the longer the body of the candle, the more intense the trading. A hollow body signifies that the stock closed higher than its opening value. A filled body signifies the opposite. In trading, the trend of the candlestick chart is critical and often shown with colors. A candlestick pattern is a special occurrence of one or more candlesticks on a candlestick chart, which have predictive nature in technical analysis. Rather than using the open, high, low, and close values for a given time interval, candlesticks can also be constructed using the open, high, low, and close of a specified volume range (for example, 1,000; 100,000; 1 million shares per candlestick). In modern charting software, volume can be incorporated into candlestick charts by increasing or decreasing candlesticks width according to the relative volume for a given time period.
OANDA:XAUUSDEducation
by i-like-profit
2