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TIPS

FALSE Trading Expectations #2... Win RateForex trading is not a 'get rich quick' scheme. It can make you rich, but it will do this slowly. In order to make large returns, a trader may have to take large risks. High risk trading guarantees greater emotional and psychological challenges. This may lead to quick short-term profits but it will also lead to discouraging long-term losses. Too many traders expect far too much far too quickly. They review their performance and results on a daily or weekly basis, this can lead to discouragement and disappointment. Profitable traders review their results much more longer-term. Conclusion... Trading can make you rich, but it will make you rich slowly. To make trading work long-term, you need to risk a minimum. Expect to be patient. Review profits once a quarter or once a year.
Education
by Samuel_Morton_Trader
2
Trading with WRONG expectations... #1Almost all traders understand the concept of a drawdown - a period of loss making. A trader is not going to have a 100% trade win rate - there will be losing trades - and there will be times of consecutive losing trades. For some reason, despite understanding this concept, many traders don't ACCEPT this concept. Let me explain... As soon as a trader hits a drawdown, the reaction is panic or discouragement. The following statements could flood the mind of the trader... 'The strategy is not profitable anymore' 'I need a more profitable trading strategy' 'I am going to lose too much, so I will reduce my position sizes' 'I need to increase my position sizes to win back these losses' 'I am so angry, I am going to risk all that I have left in my account' In other words, the trader becomes emotional and let's his emotions determine his trading decisions. This will always result in long-term failure. Conclusion... Accept that drawdowns will happen and expect drawdowns to happen, because they will happen!
Education
by Samuel_Morton_Trader
13
5 Things You Should Stop Doing As A Trader1-listening to others -you don’t know their trading plan 2-strategy hopping -focus on one trading method -learn more about the trading method 3-tweaking one strategy -develop new strategies instead 4-thinking in terms of absolute 5-comparing yourself to others if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart! if u like it press like-comment and folow me.thx
Education
by Meisam_TA
2
5 Rules For Successful Trading!Trading is simple, but not easy. Traders have difficulty succeeding simply because they are unable to follow clear rules over extended periods of time. So what are the rules that every trader should follow? (in my opinion) 1- Only invest what you Can Afford to Lose. Only invest money you can afford to lose, never ever borrow money or take a loan from the bank to invest in forex, or any other type of investment. Because if you do, you will get emotional and make irrational mistakes. 2- 1% Risk per Trade. We only risk a small portion of our account per trade. We enter with 1% risk per trade (2% max). We enter with a fixed risk per trade, not with a fixed stop loss in pips, nor with a fixed lot size. That’s a common mistake many traders make. 3- Three Confluences Trades. (Technical Edge) Trading is nothing but a game probability. Moreover, we consider ourselves risk managers not only traders, as the only thing we have control over is "risk". The market can go anywhere. To be on the winning side, we need to have an edge over the market. One way to put the odds in our favor is by only entering trades when we have at least three confluences/clues, three things telling us to buy or sell lined-up together. One confluence may be random. For example, we only enter when we have a pattern, support, and divergence. And our rules have to be objective following a well-defined back tested trading plan. I personally use RichTL to make objective (rule-based) technical analysis. 4- 1 / 2 Risk Reward Ratio. (Risk Management Edge) Our second edge is going to be through risk and money management by entering with a positive risk-reward ratio. Remember, it is not about how many trades you win, what matters is how much you win when you win, and how much you lose when you lose. That’s exactly why we enter with a ½ RRR (or higher), which means we always target double our stop loss. This way even with a 50% win rate, we are still profitable. 5- Emotional stability. In the trading world, emotions are considered the enemy of traders. Knowing how to control emotions while trading can prove to be the difference between success and failure. When getting into a bad trade, the trader who can manage his psychology well will be able to minimize risk, while the trader who is emotional may make the situation worse. Therefore, knowing how to control your emotions very crucial in order to succeed in Forex trading. If you are not feeling well, don't trade. Remember: You don't have to catch every trade, and you don't have to trade every week. In fact, our 5 rules are all connected in a way or another. If you invest money you can’t afford to lose or enter with 10% risk per trade, chances are that you will get emotional and not follow your trading plan objectively by closing your trades before reaching 2R or even entering trades that are not according to your strategy. In parallel, even if you invest money you can afford to lose and risk 1% per trade, you won’t be consistently profitable if you don’t have a well-defined strategy that gives you an edge over the market technically or through risk management. In brief, stay away from trading if you don’t have these 5 rules.
COINBASE:BTCUSDEducation
by TheSignalyst
100
SOME USEFUL TIPS FOR NEW TRADERS here are some tips for newbies. One thing, I want to say again and again don't rush in trading it's not a quick-rich scheme remember that. and every newbie needs to gain knowledge first about markets than most important part risk/money management need to learn because they r so important. Most newbies come into existence and think they have gone to use big leverage in one trade and they gone to be 100% right and gone to rick quick don't think in that way. u not gone to be 100% right all the time. remember u also gone to be face losses as well even experienced traders lose money but because of their money management they able to small their losses and when they win they big win. hope u understand what I mean who earned that GOOD LUCK. I will most more content for newbies so they can get the right path. thanks for reading :)
CRYPTOCAP:BTC
by THELEGENDSINGH
SOME USEFUL TIPS FOR NEW TRADERS here are some tips for newbies. One thing, I want to say again and again don't rush in trading it's not a quick-rich scheme remember that. and every newbie needs to gain knowledge first about markets than most important part risk/money management need to learn because they r so important. Most newbies come into existence and think they have gone to use big leverage in one trade and they gone to be 100% right and gone to rick quick don't think in that way. u not gone to be 100% right all the time. remember u also gone to be face losses as well even experienced traders lose money but because of their money management they able to small their losses and when they win they big win. hope u understand what I mean who earned that GOOD LUCK. I will most more content for newbies so they can get the right path. thanks for reading :)
CRYPTOCAP:BTC
by THELEGENDSINGH
TIP #1: Flipping the chart for an easier LONG🧙‍♂️NVESTROY TRICKS #1 TradingView was created for traders to support each other and share some knowledge. One of the methods Investroy members constantly utilize is the "chart flip". If you look at statistics it's easier to notice sell opportunities than buying ones. Reason? Human psychology. It's easier for us to extrapolate lower boundaries than something that hasn't happened yet. In this case, if we analyze gold, we input 1/XAUUSD to flip the chart. Now the buying opportunity seems a lot more clear (sell on the 1/XAUUSD Chart). Easy as that! Stay tuned for more tips from us!
OANDA:XAUUSD
by Investroy
63