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OKAY BITCOIN, RELAX Bitcoin has finally broken through a $9k support level, due to such a heavy impulse breakthrough, this may suggest 2 possible outcomes: 1. It's just a retracement, market will resume bullish from $7k. 2. Price has also broken below the 200 EMA which may continue a bearish run to perhaps $5k & under. The RSI is currently hovering in oversold conditions (not saying I follow the reliability of the indicator), ideally I would like to see bulls break through $10450 area before looking to go long.
COINBASE:BTCUSD
by UnknownUnicorn2215917
3
TRADING IS NOT AS IT’S PORTRAYED ON SOCIAL MEDIA .. READ BELOWThe reason so many people are attracted to trading is because of how it is portrayed on social media. I’m not here to Bullsh#t you, I am only here to deliver pure facts and that is how YOU WILL LEARN. Firstly, the most us were attracted to trading because of how simple it seemed to actually make money, until we started trading and realised that it wasn’t that simple.. And this may be the stage you are currently at so let me clarify a few things that will hopefully help you in your trading journey. Your trading account is YOUR business, treat it like one it is not quick money! A business goes through stages of a life cycle, and these are the stages you must go through too before you figure it out: 1. Development / Seed stage 2. Start up 3. Growth / Survival stage – Your most crucial stage 4. Expansion / Rapid growth stage 5. Maturity stage 6. Decline – The moment you stop learning and think you have it figured it out, is the moment you will decline. Trading is process that may take you 1 year to master If you have the right mentor or even up to 5 years to master if you don’t. But it is a process, you will take losses through the process but that is necessary for success. You have to trust the process and FALL IN LOVE with it. If you are trading for the sole purpose of making money then you approach is wrong. I trade because it is my passion, it gives me the opportunity to figure out the ‘uncertainty’ and to empower others. The profits are the end result of obeying your trading rules/plan and obeying the unspoken rules of the market. KEY TAKEWAYS: 1. Trading is a PROCESS, stick with it, be consistent and it will pay off. 2. Find a mentor who has YOUR best interests before theirs. 3. Your trading account is your business, approach is as one. Businesses take years to reach the maturity level so make the same mental shift 4. Focus on the bigger picture, money is an end result. It happens after the fact, after you’ve taken and closed a trade. I will be doing analysis on GBPUSD, some potential big moves to come.. Follow us to get notified. Feel free to ask any questions below.
Education
by Malika_Analysis
ARE YOU LOSING IN THE MARKET? THEN READ BELOW Losing is inevitable. To be a successful trader you must truly truly understand this. Look back at my analysis. I have both winners and losers and I absolutely love them both. Why do i love my losses? Because I don’t see them as losses, I see them as lessons. Every set up that doesn’t go as I anticipated is crucial information that I must study and this is truly what has made me good technically speaking. I learn from my mistakes and I don’t repeat them. Second most important fact is Risk Management which ALLOWS me to learn from my losses. If my trade goes bad and I lose 1% or 2% on a trade, I don’t feel bad , I simply move on to the next trade and take the information the market has given me and STUDY it. The moment I risk more than 2% and the trades goes bad is the moment my mental being shifts, the emotions start rolling in. I want to close but the trade is valid, I get scared, question why I didn’t risk less etc and I’m sure you can all relate to this. Once this happens, it’s very hard to study the losing trade because you now associate it with pain and you avoid looking back at it at all costs. KEY TAKEAWAYS: 1. To succeed you must fail, to succeed after failure, you must gain experience from your failures. 2. In order to gain experience form your failures, you must manage your risk, by managing your risk, you are controlling your emotions, by controlling your emotions you are allowing yourself to think analytically. 3. Trading is game of probabilities not guarantees. Every trade only has a 50% chance of winning.
Education
by Malika_Analysis
4
This is for the Gamblers out there...This trade is not for traders. Trading 1:1 is very risky and should not be used for a passive Trading strategy. Not only it implies that more than 50% of your trades must be a success, but also making your gain to loss trades 1:1. If you like gambling play luck of bad luck games, don't trade forex like this. I make this trade a 0.01 volume, just for fun. Before you go in the markets trading, make a strategy, a trading plan, a risk to reward ration. Beware that you are responsable for all your trades. They all start at 50-50 chance Your knowledge and experience will tip the balance in your favor. Stay active and stay learning... Cheers, Kingzman
OANDA:XAUUSDLong
by Kingzman
2