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Your ULTIMATE Guide For Time Frames in Trading If you just started trading, you are probably wondering what time frames to trade. In the today's post, I will reveal the difference between mainstream time frames like daily, 4h, 1h, 15m. Firstly, you should know that the selection of a time frame primarily depends on your goals in trading. If you are interested in swing trading strategies, of course, you should concentrate on higher time frames analysis while for scalping the main focus should be on lower time frames. Daily time frame shows a bigger picture. It can be applied for the analysis of a price action for the last weeks, months, and even years. It reveals the historical key levels that can be relevant for swing traders, day traders and scalpers. The patterns that are formed on a daily time frame may predict long-term movements. In the picture above, you can see how the daily time frame can show the price action for the last years, months and weeks. In contrast, hourly time frame reflects intraweek & intraday perspectives. The patterns and key levels that are spotted there, will be important for day traders and scalpers. The setups that are spotted on an hourly time frame, will be useful for predicting the intraday moves and occasionally the moves within a trading week. Take a look at the 2 charts above, the hourly time frame perfectly shows the market moves within a week and within a single day. 4H time frame is somewhere in between. For both swing trader and day trader, it may provide some useful confirmations. 4H t.f shows intraweek and week to week perspectives. Above, you can see how nicely 4H time frame shows the price action on EURUSD within a week and for the last several weeks. 15 minutes time frame is a scalping time frame. The setups and levels that are spotted there can be used to predict the market moves within hours or within a trading session. Check the charts above: 15 minutes time frame shows both the price action within a London session and the price action for the last couple of hours. It is also critical to mention, that lower is the time frame, lower is the accuracy of the patterns and lower is the strength of key levels that are identified there. It makes higher time frame analysis more simple and reliable. The thing is that higher is the time frame, more important it is for the market participants. While lower time frames can help to predict short term moves, higher time frames are aimed for predicting long-term trends.
OANDA:XAUUSDEducation
by VasilyTrader
12
Fixed Range Volume Profile, How do I use it?I can say that Fixed Range Volume Profile is strong tool to determine targets and stop loss, POC point of control as per my research represent a central price and bar close price is turning around it, so when you assign take profit and stop loss as per it, you reduce the risk and have a plan B to manage your trade. as you see in above chart for BTCUSD, we have trend line on daily time frame, I cut the chart to 3 successive zones representing 3 cycle, 1 cycle is from the trend to trend and applied "Fixed Range Volume Profile" on all 3 ranges/cycles, last cycle has not finished yet, and I show POC1, POC2 and POC3 prices. I consider this line as central price for a range and we can see how price keep moving above and down POC1 & POC2 prices. for the last range/cycle (not completed yet because it has not reach the uptrend line yet, we see POC3 = $30,200 and the current price $29,590 so price is under POC3 and we can guess it is going to trend at approximately $27,750, this is 1st hint. 2nd hint is to take "Fixed Range Volume Profile" for the all uptrend, did you notice it? I think the price is going to POC(all range) = $28,300 (support) Now we came to the best part of our subject, the what if question and how to set up a plan?: what is stop loss? we need a 1H bar close above POC3= $30,200+100= $30,300 (resistant) and we buy target $31,380 (you should know why!) and for stop loss, we need close price 1H again down $30,200 what is take profit? we can set $28,300 for safe and $27,750 if you want to risk a little bit, this is first target, but what if bar 4h close down POC= $28,300? here we can set a 2nd take profit at $26,400 (you should know why!) this is what I wanted to share with you and I will be glad to answer your questions. I did go short for BTCUSD this morning, enter price $29,165 and I set a take profit at $29,322 because I am working on 15 min timeframe.
INDEX:BTCUSDEducation
by Eymen-GUVEN
2
Understanding the Learning CurveWelcome to @Vestinda new article about Learning Curve! We are delighted to share this insightful piece with our valued community on @TradingView ! At Vestinda, we believe in empowering traders with knowledge and tools to navigate the cryptocurrencies and futures trading. In this article, we will explore the concept of the learning curve and its relevance to the trading journey. Whether you are a novice trader or a seasoned professional, understanding the learning curve can be instrumental in your path to success. If you focus and invest time into a subject, you will eventually reach a level of mastery. The actual level clearly depends on the amount of invested time and to a significant extent on your inherent abilities to acquire the specific knowledge. I could probably spend a decade on quantum physics and not progress beyond the level of ‘enthusiastic beginner'. However, attaining mastery is seldom a smooth and linear journey. It is more like a curve in the mathematical sense, characterized by uneven ups and downs, reflecting the usual 'bumps in the road' that we all experience when dealing with challenging topics. There is a pattern in the process of learning something new (knowledge, skills, etc.), which was formulated by the American psychologist Albert Bandura. This pattern is depicted in the form of a graph known as the Bandura curve. The graph demonstrates the relationship between time (number of attempts), the level of human competence in what they are studying, and their expectations. If you have ever enthusiastically started a new training, holding high hopes for it, and then quietly gave up, blaming others or anything else, then you are not alone. To avoid repeating this in the future, it's important to understand how human psychology and the system work, and that each of us is part of this system. Below, we will provide recommendations on what to pay attention to. So, the Bandura curve shows the stages a person goes through when beginning to learn something new. 1. Clueless (You don't know what you don't know) When you first venture into trading cryptocurrencies and futures, you are essentially clueless about the intricacies of the market. The concepts, strategies, and tools may seem foreign and overwhelming. It's like staring at a vast landscape without a map, unsure of where to even begin. 2. Naively confident (You think you know, but still don't know what you don't know) As you begin your learning journey, you might gain some basic knowledge and techniques. This newfound understanding might lead to a sense of naively confident. You believe you have a handle on things, but in reality, there's a lot you're still unaware of, and the market can surprise you with unexpected turns. 3. Discouragingly realistic (You know what you don't know) With more experience, you come to a point of realization that there is much more to learn. The challenges and complexities of trading become evident, and you may face setbacks that test your resolve. It can be a discouraging phase as you grapple with the reality of how much you still need to learn. 4. Mastery achieved (You know it) Through persistence and a commitment to learning, you gradually achieve mastery in trading cryptocurrencies and futures. You've gained a comprehensive understanding of the market dynamics, developed effective strategies, and learned how to manage risks. You can now navigate the market with confidence and consistently make informed decisions. Remember: The learning curve in trading is a natural part of the process, and each stage brings its own valuable lessons. Don't be disheartened by challenges or setbacks; they are opportunities to grow and improve your trading skills. WHAT TO DO? ✅ Embrace the journey of learning and growth, recognizing that mastery takes time. ✅ Stay humble and open-minded, acknowledging that there is always more to learn. ✅ Be patient with yourself during the challenging phases and use them as motivation to improve. ✅ Keep refining your strategies and adapting to the ever-changing market conditions. Can you identify which stage you are currently in your cryptocurrency and futures trading journey? Remember, each stage brings you closer to becoming a proficient trader. We hope you found this article on understanding the learning curve in trading cryptocurrencies and futures helpful! If you have any thoughts, questions, or personal experiences related to the topic, we'd love to hear from you. Please share your feedback in the comments below. Your input is valuable to us and can help us create more content that resonates with your interests and needs. Thank you for being part of our community!
INDEX:ETHUSDEducation
by Vestinda
3
Mastering Elliott Wave: The importance of channelingI wanted to share my thoughts on the significance of using channeling technique in Elliott Wave theory when analyzing charts. To begin, we draw what we call a "base channel," starting from the beginning of wave 1 and extending it to the end of wave 2. This initial channel provides us with a foundation for analysis. The following occurrence of an impulsive breakout beyond this channel signals the initiation of wave 3. At this point, we create a new "Acceleration Channel" to track the movement of wave 3. If this newly drawn channel is breached to the downside, it suggests the possibility of a correction for wave 3 underway. As seen in the picture, the original base channel we drew earlier now acts as a support level for wave 4, accompanied by consolidation around Fibonacci levels. This observation has been witnessed numerous times in the past. When the corrective channel experiences a breakout with above-average volume, it serves as a signal indicating the completion of wave 4. This event provides an opportunity for us to establish Fibonacci targets for profit-taking. In this particular example, I have chosen to draw the corrective channel only on the final leg of the ABC correction, enabling us to catch the breakout at an earlier stage. A more conservative approach, however, would involve waiting for the breakout to occur after wave B has been surpassed. Hope this was helpful for those wanting to learn more about channeling and Elliott Wave.
TVC:GOLDEducation
by Ingvar77
📊The Ten Commandments of Forex Trading: A Beginner's Guide📊 1️⃣ Thou shalt have a trading plan: Having a trading plan is crucial to my success in forex trading. By setting clear entry and exit points, as well as defining my risk tolerance, I am able to trade with discipline and avoid impulsive decisions. 2️⃣Thou shalt not risk more than you can afford to lose: I understand the importance of capital preservation. I never risk more than 2% of my trading account on a single trade. This ensures that I can withstand potential losses without jeopardizing my overall financial stability. 3️⃣Thou shalt analyze before executing a trade: Before entering any trade, I conduct thorough technical and fundamental analysis. By examining price charts, economic indicators, and market sentiment, I can make informed decisions based on sound analysis rather than relying on instincts. 4️⃣Thou shalt not overtrade: I resist the temptation to overtrade and remain patient for favorable opportunities. I understand that trading excessively can lead to emotional decision-making and ultimately result in losses. 5️⃣Thou shalt not chase losses: When a trade goes against me, I avoid the temptation to chase losses. I accept the loss, learn from it, and move on. Chasing losses would only lead to irrational decisions and potentially larger losses. 6️⃣Thou shalt not rely solely on indicators: While technical indicators are helpful, I do not rely on them alone. I consider various factors such as geopolitical events, news releases, and market sentiment to get a holistic understanding of market dynamics. 7️⃣Thou shalt use appropriate leverage: I use leverage responsibly, understanding its potential benefits and risks. I never exceed a leverage ratio that could expose my account to excessive risk. I am aware of the importance of managing leverage effectively. 8️⃣Thou shalt continuously educate thyself: I understand the importance of ongoing education in forex trading. I regularly read books, attend webinars, and consult reliable sources to stay updated on new strategies, market trends, and economic factors. 9️⃣Thou shalt keep a trading journal: I diligently maintain a trading journal to track my trades, strategies, and emotions. By reviewing past trades, I gain insights into my strengths and weaknesses, enabling me to refine my approach. 🔟Thou shalt not let emotions drive trading decisions: I maintain emotional discipline when trading forex. Fear and greed can cloud judgment and lead to poor decisions. By staying rational and following my trading plan, I avoid emotional biases. ⏩Remember, forex trading requires patience, discipline, and a commitment to ongoing learning. By following these ten commandments, you can lay a strong foundation for a successful forex trading journey. 😸Thank you for reading buddy, hope you learned something new today😸 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
4
🐼Mastering the Art of Forex Trading Strategies🐼 Key words: ,,,,, , ,, 🐼The world of forex trading is as fascinating as it is dynamic. To thrive in this fast-paced market, developing a robust trading strategy is paramount. In this article, we will explore the key points that can help you identify and refine your trading strategy, bringing you closer to success. 🐼Identifying Market Trends: Understanding market trends is crucial in making informed trading decisions. By analyzing moving averages, trend lines, and price patterns, you can identify the prevailing market direction and potential opportunities. 🐼Implementing Effective Risk Management Strategies: Mitigating risks is a vital aspect of any trading strategy. Set appropriate stop-loss orders, determine suitable position sizes, and manage leverage wisely to protect your capital and minimize exposure to potential losses. 🐼Incorporating Technical Analysis Tools: Technical analysis tools provide valuable insights into market behavior. Use oscillators like the Relative Strength Index (RSI) to identify overbought or oversold conditions, Fibonacci retracement levels to pinpoint support and resistance levels, and Bollinger Bands to gauge market volatility. 🐼Staying Informed about Market News and Economic Calendar Events: Keeping up with the latest news and economic events can provide valuable context for your trading strategy. Monitor economic indicators such as GDP releases, central bank meetings, and geopolitical events to understand potential impacts on currency movements. 🐼Conclusion: Crafting a successful forex trading strategy requires a comprehensive approach that covers market trend identification, risk management, technical analysis, and staying informed about market news. By incorporating these key points into your strategy, you can enhance your trading skills and increase your chances of long-term success in the forex market. Remember, forex trading is a continuous learning journey, so adapt and evolve your strategy as the market evolves. Please cheer me up with a like and a nice comment😸❤️ Please, support my work with like and comment! Love you, my dear followers!👩‍💻🌸
Education
by AnabelSignals
6
❌Trading Mystery: Why 95% Of You Will Fail❓ 🟥The world of forex trading holds immense allure - the promise of financial freedom and the opportunity to make money from the comfort of your own home. However, it is no secret that the path to success in forex trading is treacherous, with estimates suggesting that a staggering 95% of traders fail to achieve their desired outcomes. So, what exactly goes wrong for these aspiring traders? Let us unlock the creative narrative behind this apparent mystery and delve into the reasons that prevent them from cracking the code. ♦️Lack of Proper Education: Just as successful carpentry requires the right tools, so does forex trading. Many traders dive into the financial ocean without a true understanding of its currents, waves, and hidden dangers. They overlook the importance of acquiring comprehensive knowledge about markets, technical indicators, risk management, and strategies. Without a firm grasp of these essentials, traders unwittingly chart a course for disaster. ♦️Emotional Tempests: Imagine being a captain of a ship, navigating treacherous waters while being plagued by anxiety and fear. Forex trading is not for the faint of heart. As the markets fluctuate, traders battle their own emotions, succumbing to impulses that lead to impulsive trading decisions. Greed, fear, and overconfidence can cloud judgment, causing traders to buy or sell impulsively rather than relying on calculated analysis. Emotion-driven trading inevitably leaves traders shipwrecked amidst the unforgiving tides of the forex market. ♦️Unforeseen Volatility: The forex market is a living organism that reacts to an array of factors, from economic data to geopolitical events. These dynamics can send currency values into a frenzy, defying logic and leaving traders bewildered. Sudden fluctuations, unpredictable trends, or unexpected policy decisions can capsize even the most astute trading strategies. By underestimating volatility, traders find themselves drowning rather than riding the waves. ♦️Inadequate Risk Management: Imagine moving forward without a life jacket while navigating choppy waters. This risky endeavor can lead to dire consequences, just like trading without proper risk management. Successful traders understand the importance of setting stop-loss orders, managing trade sizes, and allocating a portion of their capital to each trade. Those who disregard risk management find themselves sinking beneath the weight of their poor decisions. ♦️Overreliance on Automation: In recent years, the rise of automated trading systems has piqued the interest of aspiring traders. While these algorithms can streamline processes and enhance efficiency, they are not a guarantee of success. Blindly relying on automation without understanding how it works or constantly monitoring its performance may result in unexpected losses. It is essential to strike a balance between human insight and technological support. 🟥The realm of forex trading is a captivating one, tantalizing traders with elusive riches. However, becoming part of the 5% who succeed requires diligence, perseverance, and a deep understanding of the whimsical nature of the market. One must embark on this journey by arming themselves with knowledge, taming their emotions, embracing volatility, implementing effective risk management, and balancing human intuition with automation. Only then can traders hope to navigate the tempestuous seas and emerge victorious in their pursuit of forex trading success. 😸Thank you for reading buddy, hope you learned something new today😸 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
5
🛎Mastering Key Forex Fundamentals🛎 ♦️Navigating the world of forex trading can be both thrilling and challenging. While it may seem overwhelming to keep track of all the complex factors that affect currency movements, some key fundamentals can significantly impact forex markets. In this article, we will discuss three essential forex fundamentals: non-farm payrolls, interest rates, and central bank policies, offering you a straightforward understanding of their significance and effects. ♦️Non-farm Payrolls: One of the most influential economic indicators in forex trading is the non-farm payrolls (NFP) report. Published monthly by the U.S. Bureau of Labor Statistics, the NFP report reveals the number of jobs added or lost (excluding the farming sector) in the United States during the previous month. ▪️Why it matters: The NFP report provides traders valuable insights into the strength of the U.S. economy. A higher-than-expected NFP figure indicates an expanding job market, economic growth, and potential currency strength. Conversely, if the NFP data disappoints, it suggests a weaker economy and can lead to currency depreciation. ♦️Interest Rates: Interest rates play a crucial role in forex trading. They reflect the cost of borrowing in a particular country and influence investor behavior and currency values. ▪️Why it matters: Changes in interest rates impact currency demand. When a central bank hikes interest rates, it attracts foreign investors seeking higher returns, leading to increased demand for the currency and potentially strengthening its value. Conversely, when rates are lowered, it may spur borrowing and economic growth, but can also result in currency devaluation due to decreased attractiveness for investors. ♦️Central Bank Policies: Central banks are instrumental in forex markets due to the control they exert over monetary policies. ▪️Why it matters: By adjusting interest rates, implementing quantitative easing measures, or intervening in currency markets, central banks can directly influence their nation's currency value. Statements and speeches made by central bank officials can provide insight into their future monetary policy decisions, guiding forex traders' expectations. ♦️To master forex trading, a solid understanding of key fundamentals is essential. Factors such as non-farm payrolls, interest rates, and central bank policies carry significant weight and can lead to substantial currency movements. Familiarize yourself with economic indicators, monitor central bank actions and announcements, and always exercise caution and risk management when trading forex. ♦️Remember, successful trading requires continuous education, practice, and experience. Stay informed, adapt your strategies accordingly, and remain patient as you navigate the dynamic and exciting world of forex trading. 😸Thank you for reading buddy, hope you learned something new today😸 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
10
Educational: Quick Read: Trading Mentors. Do you need them?When I first started trading seven years ago, I had this idea that I didn't need a trading mentor. I felt that it was "cool" to be able to say "I learned trading on my own; I had no mentors", but is this necessarily a good thing? Should traders think like this? Are trading mentors any good? Let's talk about it.. Trading mentors are seasoned traders who provide new or struggling traders with advice, encouragement, and feedback. They can aid traders in honing their abilities, methods, and mindsets as well as avoiding traps and errors that are frequently made. Do traders need a mentor, though? And where do they look for a good one? The first question's response is based on the trader's objectives, character, and preferred method of learning. Some traders could like independent study, trial-and-error learning, books, classes, or online resources. Having a mentor who can offer individualized guidance, accountability, and motivation may be advantageous for others. Additionally, a mentor can assist traders in overcoming psychological obstacles like fear, greed, arrogance, or a lack of discipline. Having a mentor, however, does not ensure success. Trading needs ongoing learning, adaptability, and self-improvement because it is a dynamic and complex activity. The trader must follow the path; a mentor can only show them the way. Additionally, a mentor may have limits, biases, or conflicts of interest that could skew their assessment or suggestions. Because of this, traders should seek inspiration and criticism from their mentors rather than mindlessly copying them. How to locate a decent mentor is the second query. This can be difficult because there are many mentors out there who assert to know the keys to successful trading but may lack the credentials, expertise, or outcomes to support their claims. Some can even be con artists who demand exorbitant prices for inaccurate or damaging information. Trading professionals should exercise due diligence and investigate potential mentors' backgrounds, records, reputations, and testimonies to avoid falling for such mentors. They should seek for mentors who share their trading philosophy, style, and objectives and who can provide a concise, doable roadmap for their development. Traders who desire to quicken their learning curve and accomplish their trading objectives may find trading mentors to be an invaluable resource. However, traders should use caution when selecting a mentor and should not use them to replace their own diligence, investigation, and analysis. Note: 💠Do not mistake people selling trading courses for trading mentors. Very often, individuals selling courses are selling you a system and are not actually mentoring anyone. Due to the size of their following, it is not possible for them to really mentor anyone. A true mentor is someone who will be able to walk you through the process, and you'll have direct access to them for a personalized learning experience. 💠Verified track record: It is industry standard to provide at least six months of consistency, preferably at least a year. If you are going to spend months learning from someone, you need to first verify that they actually know what they are doing.
COINBASE:ETHUSDEducation
by ChristopherDownie
✅The DO’S And DON’TS Of Risk Management❌ ❤️Risk management is a crucial component of forex trading to help minimize potential losses. In this article, we’ll explore the do’s and don’ts of risk management in forex trading. 🧡DO’S 💁🏼‍♀️Set a stop-loss order: A stop-loss order is a pre-set level at which a trade will automatically close, thus limiting the loss on an open position. 💁🏼‍♀️Diversify your portfolio: Spread your investments across multiple currency pairs to avoid exposure to a single currency’s risks. 💁🏼‍♀️Use leverage wisely: Leverage allows traders to invest more than their account balance. However, it also increases the potential risk. Only trade with leverage if you fully understand how it works. 💁🏼‍♀️Keep an eye on economic events: Economic events can impact forex markets. Keeping a close eye on them can help you adjust your trading strategy accordingly and avoid unexpected losses. 💁🏼‍♀️Use risk-reward ratio: It is essential to have a clear risk-reward ratio in mind before entering a trade. This ratio should be based on your established trading strategy and the probability of success. 💙DON’TS 🙅🏼‍♀️Don’t invest more than you can afford to lose: This is a fundamental rule of investing in any financial market. Never invest more than you can afford to lose. 🙅🏼‍♀️Don’t let emotions drive your trading: Emotions such as fear, greed, and hope can lead to impulsive decisions and cause significant losses. 🙅🏼‍♀️Don’t ignore fundamental analysis: Fundamental analysis helps traders understand a country’s economic and political situation, which can significantly impact forex markets. 🙅🏼‍♀️Don’t follow the herd: It is essential to have your own trading strategy and stick to it. Following others' trades blindly can lead to significant losses. 🙅🏼‍♀️Don’t trade without a strategy: A trading strategy helps you make informed decisions and minimize the risks of trading. Not having a strategy can lead to impulsive decisions and significant losses. 🖤 In conclusion , risk management is a crucial component of forex trading. It is essential to follow the do’s and don’ts mentioned above to minimize potential losses and make informed decisions. Remember, successful trading comes with experience, discipline, and patience. Happy trading! Please cheer me up with a like and a nice comment😸❤️ Please, support my work with like and comment! Love you, my dear followers!👩‍💻🌸
Education
by AnabelSignals
5
Sideways Trend Example: ❗️Unleashing the Secrets of the Forex Market: Identifying Trends Made Easy❗️ 💲As traders, one of the most essential skills is the ability to identify trends. In this article, we will embark on a journey to unravel the mysteries of the forex market trends like never before. So, fasten your seatbelts, get ready for an adventure, and let's dive in! ↗️The Smooth Sailing - Uptrends: Picture yourself in a sailboat on a calm, sunny day, with the wind gently pushing you forward. This pleasant scenario beautifully represents an uptrend in the forex market. Uptrends occur when the price of a currency pair consistently increases over time. To identify an uptrend, keep an eye out for higher highs and higher lows on your price charts. Uptrend Example: ↘️Rough Waters - Downtrends: Now, let's transform our tranquil sailboat into a powerful vessel battling against fierce waves and gusty winds. Similar to this scenario, a downtrend indicates a series of declining prices in the forex market. To recognize a downtrend, look for lower lows and lower highs on your price charts. Downtrend Example: 🔄The Eye of the Storm - Sideways Trends: Imagine yourself caught in the eye of a storm, where the winds calm down, and the waves become gentle ripples. This serene moment perfectly mimics a sideways trend in the forex market. Sideways trends occur when the price moves within a relatively tight range, lacking a clear direction. To spot a sideways trend, locate horizontal support and resistance levels, and observe price movements bouncing between them. Sideways Trend Example: 📊Interpreting the Elements - Indicators: Just as sailors use compasses and maps to navigate the open seas, traders have powerful tools at their disposal to identify trends in the forex market. Technical indicators, such as Moving Averages, MACD, and RSI, provide valuable insights by analyzing past price data. These indicators can help confirm and strengthen your trend analysis. 📈The Art of Patience - Confirming Trends: Sometimes, identifying trends in the forex market can feel like searching for a needle in a haystack. Therefore, it is crucial to exercise patience before jumping into trades. Waiting for confirmation is vital to avoid false signals. Look for multiple indicators aligning with your identified trend before making any decisions. 💹Riding the Waves - Trend Trading Strategies: Once you've identified a trend in the forex market, it's time to ride the waves and potentially profit from it. Trend trading strategies involve jumping on board during an established trend and holding positions until signs of a reversal appear. By keeping emotions in check and adhering to risk management principles, you can increase your chances of success in trend trading. 🧠Conclusion: Navigating the vast and ever-changing forex market can seem like an exhilarating adventure. By mastering the art of trend identification, you hold the key to unlocking potential profits. Remember, whether you're sailing through uptrends, weathering downtrends, or calmly cruising sideways trends, a combination of technical indicators, confirmation, and patience should guide your decision-making. So embrace the wonder of the forex market, and may your trend-spotting skills be forever sharp! 😸Thank you for reading buddy, hope you learned something new today😸 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
11
Types of market days that every trader should be aware of! Hello traders, today we will talk about Types of market days Some crucial aspects significantly influence technical analysis. The type of the market day is one of those crucial elements. Any trader who is actively trading in stocks, indices, cryptocurrencies, forex, derivatives, etc. may gain an advantage by properly analysing the type of market day. Today, we'll talk about "6 different types of days" that could occur in the market. Please be aware that the six days differ greatly from one another. These patterns are not inviolate, thus they should only be used as a general indicator rather than a precise one for any given trade. Types of market days: # Trend day # Double distribution trend day # Typical day # Expanded typical day # Trading range day # Sideways day #Trend Day The 'Trend day' is typically a volatile trading day with a definite bullish or negative momentum. On a day with a positive trend, the beginning candle typically represents the day's bottom, and the market subsequently slowly rises throughout the day. The day's high is typically marked by the opening candle on days with a negative trend, and the market then progressively decreases during the day. Typically, a quiet day with range-bound movements comes before the trend day. Gives the possibility of a significant reward if correctly identified. Rarely, perhaps only a few times every month, do such trending days occur. #Double distribution trend day The 'Double distribution trend day' is a slightly complicated but incredibly effective strategy for executing aggressive trades. Because of this, institutions and experienced traders make extensive use of this method. It is typically distinguished by being undecided at the start of the session. On a day like this, the market first moves in a narrow range. An initial balance is another name for it. The reference points are the initial balance high (IBH) and initial balance low (IBL). The day of the Double Distribution trend is quiet to start. The price eventually moves away from this range and tends in the direction of a new value, driven by buyers or sellers. When the market's momentum has subsided, another range-bound movement develops.Due to the fact that the majority of trading activity takes place at either extreme, this is where the phrase "Double Distribution trend day" originates. Wide initial balances are more difficult to break than narrow initial balances. #Typical Day It is distinguished by a significant rise or fall at the start of the trading day. It might be a reaction to any significant macroeconomic news. Then, by adopting opposing positions, the market participants drive the price back in the opposite direction. The market simply trades within the range it generated earlier in the trading session when a broad range was formed in a relatively short period of time. #Expanded Typical Day It resembles that of the 'Typical Day' that was previously addressed. The beginning balance is not as large as on a "Typical Day," but the early price fluctuation is less erratic. This gives market participants the chance to break this constrained range. When this range is violated, either by an increase in selling pressure or purchasing pressure, the market then moves strongly in that direction. The initial balance in this situation is greater than on a Double Distribution Trend Day but less than on a "Typical Day." #Trading Range Day Prices are being deliberately pushed up and down by buyers and sellers. Buyers and sellers who are responsive will try to enter at the extremes, driving prices back to the starting position. This kind of day offers both sides fantastic trading opportunities. #Sideways Day A "Sideways day" is one in which there is little movement in the price. As neither party makes any bold directional trades today, it is somewhat of a day of indecision for both parties. Option sellers typically enjoy trading on days like this since they can profit from time decay due to the non-directional, subdued action. Although the Trading Range Day and the Sideways may appear to be identical, they differ greatly from one another. On a "Trading Range Day," both buyers and sellers are quite prevalent; however, this is not the case on a "Sideways Day." Never stop learning I would also love to know your charts and views in the comment section. Thank you
Education
by CRYPTOMOJO_TA
6
The Ups and Downs of Investment Risk: Navigating the Risk Level 👉🏻The world of investing can be a wild ride, full of twists and turns that can lead to either high gains or crushing losses. That’s why it’s important to understand the different risk levels that come with investing in various assets. Let’s explore the three main categories of investment risk levels: low, moderate, and high. 💹Low Risk If you’re risk-averse and prefer a steady, predictable return on your investment, low-risk options are the way to go. These are investments with low volatility and minimal chance of losing money. 💹Moderate Risk If you’re willing to take a bit more risk for potentially higher returns, moderate-risk investments might be a good fit for you. These typically have a higher volatility rate, but still have a good chance of earning a positive return in the long run. 💹High Risk For those willing to take on the highest level of investing risk in search of the highest returns, high-risk investments might be worth considering. These have the highest potential for extreme highs and extreme lows with significant volatility. 👉🏻It’s important to note that each investor’s risk tolerance is different, and what might be a high-risk investment for one person could be a low-risk investment for another. So, when considering investment options, make sure to weigh both the potential rewards and the accompanying risks. 👉🏻In conclusion, investing involves a certain amount of risk, but understanding and balancing those risks can help you make informed decisions that align with your financial goals. Whether you opt for low, moderate, or high-risk investments, do your research and seek advice from financial professionals to determine which level of investing risk is right for you. Happy investing! 😸Thank you for reading buddy, hope you learned something new today😸 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
9
Learn The Market Volatility | The Double-Edged Sword Have you ever wondered why the certain trading instruments are very rapid while some our extremely slow and boring? In this educational article, we will discuss the market volatility, how is it measured and how can it be applied for making smart trading and investing decisions. 📚 First, let's start with the definition. Market volatility is a degree of a fluctuation of the price of a financial instrument over a certain period of time. High volatility reflects quick and significant rises and falls on the market, while low volatility implies that the price moves slowly and steadily. High volatility makes it harder for the traders and investors to predict the future direction of the market, but also may bring substantial gains. On the other hand, a low volatility market is much easier to predict, but the potential returns are more modest. The chart on the left is the perfect example of a volatile market. While the chart on the right is a low volatility market. 📰 The main causes of volatility are economic and geopolitical events. Political and economic instability, wars and natural disasters can affect the behavior of the market participants, causing the chaotic, irrational market movements. On the other hand, the absence of the news and the relative stability are the main sources of a low volatility. Here is the example, how the Covid pandemic affected GBPUSD pair. The market was falling in a very rapid face in untypical manner, being driven by the panic and fear. But how the newbie trader can measure the volatility of the market? The main stream way is to apply ATR indicator, but, working with hundreds of struggling traders from different parts of the globe, I realized that for them such a method is complicated. 📏 The simplest way to assess the volatility of the market is to analyze the price action and candlesticks. The main element of the volatile market is occasional appearance of large candlestick bars - the ones that have at least 4 times bigger range than the average candles. Sudden price moves up and down are one more indicator of high volatility. They signify important shifts in the supply and demand of a particular asset. Take a look at a price action and candlesticks on Bitcoin. The market moves in zigzags, forming high momentum bullish and bearish candles. These are the indicators of high volatility. 🛑 For traders who just started their trading journey, high volatility is the red flag. Acting rapidly, such instruments require constant monitoring and attention. Moreover, such markets require a high level of experience in stop loss placement because one single high momentum candle can easily hit the stop loss and then return to entry level. Alternatively, trading a low volatility market can be extremely boring because most of the time it barely moves. The best solution is to look for the market where the volatility is average, where the market moves but on a reasonable scale. Volatility assessment plays a critical role in your success in trading. Know in advance, the degree of a volatility that you can tolerate and the one that you should avoid. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
12
FXS IDEA! BYBIT:FXSUSDT.P This is my idea on FXS (if this isn't already the bottom) if we decided to come for another swing down how my chart is drawn up that would be a zone where I would take a trade any day of the week. Now all there is too do now is sit tight in that patience zone, set a few alarms on a few prices, check the reactions of them spots you pick and be ready to execute your plan. If this does not work out that is also completely okay with a 1% loss? let's get to work!! Thanks guys.
Long
by fusfamily
The simplicity BYBIT:BNBUSDT.P I want to talk about the simplicity of this bottom on BNB. Obviously, everything we think we know about the markets is uncertain ALWAYS. uncertainty is very important for you to come to realize. once you focus on uncertainty and make it a main priority of your life you will then come to realize how close your relationship with uncertainty will become. you will also take the trades set out for your plan without hesitation, you will not feel as much hardship when a trade doesn't go your way. Once you stop looking for that quick spell and focusing on the real things like your own psychology, physical health, and little topics (the art of uncertainty) you will finally excel in your trading and everything else around you will follow. The simplicity of this bottom is that it's at a perfect spot that meets my criteria and I'm in without hesitation because it's uncertain anyway, right? shoot your shot to be on your way and take the trades. thanks guys.
by fusfamily
👻The Movers and Shakers: Meet the Big Forex Players👻 🍀The forex market is a dynamic and complex marketplace, with billions of dollars changing hands every day. At the center of this volatile financial landscape are a handful of key players who wield immense power and influence over the direction of global currencies. In this article, we'll introduce you to some of the biggest and most influential forex market players. 🌸The Central Banks: "We set the tone for the entire forex market." Perhaps the most important forex market players are the world's central banks. These powerful institutions have the ability to control the supply and demand of their respective currencies, through interest rate policies and other monetary maneuvers. Whenever a central bank makes a move, traders around the world sit up and take notice. 🌺The Big Banks: "We are the gatekeepers of the forex market." Big banks are another major group of forex market players, and they play a critical role in providing liquidity to the market itself. These institutions act as intermediaries, buying and selling currencies on behalf of their clients and helping to facilitate trades between different market players. 🌼Hedge Funds and Trading Firms: "We thrive on volatility and uncertainty." Hedge funds and trading firms are a relatively new entrant to the forex market, but they have quickly become some of the most important players. These firms are often staffed by experienced traders and analysts who use complex algorithms and trading strategies to capitalize on short-term market movements. 🌹In conclusion, the forex market is a complex and ever-evolving landscape, but understanding the key players involved can help investors and traders make more informed decisions. Whether you're following the moves of central banks, working with big banks, or leveraging the insights of hedge funds and trading firms, the forex market is full of opportunities for those who are willing to take the risk. Please cheer me up with a like and a nice comment😸❤️ Please, support my work with like and comment! Love you, my dear followers!👩‍💻🌸
Education
by AnabelSignals
7
CANDLESTICK PATTERNS CHART SHEETCandlestick patterns need to be one of your trading arsenal's most effective weapons. We can determine the direction of the market using several candlestick patterns. All timeframes exhibit these patterns, but the daily candlestick patterns seem to be the most reliable. Once you recognize these patterns, you may be ready for your next move and use other tools to join the market, including the previously discussed MA approach and flag patterns (see attached charts). This chart is just for information Never stop learning I would also love to know your charts and views in the comment section. Thank you
Education
by CRYPTOMOJO_TA
14