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How to Time Manage your Trading – 6 WaysWhen it comes to the world of trading, time isn’t just money – it’s everything. A minute delay, can miss a profit opportunity. A minute delay, can make you question the trade. A minute delay, can affect your emotions. This is something I am constantly working on (even 20 years later). I truly want to wake up earlier, spot trades quicker (as they come) and have a better time management system. I might not be an expert in time management yet, but I will share some crucial tips I have learnt over the years. This will help you to not miss the trade. #1: Why you need to be punctual Being punctual isn’t just a good trait – it’s a survival skill. The markets move so quickly. They move with or without you. And they present opportunities on the daily. You need to be on time and when you see an opportunity that is about to present itself. Write it down. Stick note it. Set a reminder or something. But for Flying Spaghetti monster sake, don’t miss it! #2: Easy to miss a profit – when you don’t time analyses Every trader has stories about the “one that got away”. So what can we do to avoid this? You need to have your watchlists spread out according to what you trade. With TradingView, I have all my watchlists in different categories. Stocks, Forex, Commodities, Indices, International stocks. Etc… Then you’ll need to go over each watchlist every day. Write down the potential trades lining up. Then revisit the markets the next day. You need to be more punctual and disciplined to monitor, analyse and prepare for execution. Those golden opportunities missed due to hesitation or distractions. By maintaining punctuality in monitoring and execution, you can minimize these missed chances and keep your trading performance on the upbeat. #3: Set Reminders: The Power of Alerts Luckily, we have the technology to harness. You can set reminders for price levels to hit, on your own trading and charting platforms. Use these alerts to remind you when to act, or at least prepare for execution. #4: Sticky Note It Old school? Maybe. Effective? Absolutely! It doesn’t hurt to pick up a pen and a sticky note once in a while. Keep these visual reminders, to prioritise what you may be trading today. You’ll be surprised how useful this little pieces of paper are. #5: Develop a Routine Trading is a lifestyle. So you need to establish your routine with it. If you’re an early Hadeda you need to do a full pre-market review and write down the trades lining up for the day. If you prefer to look at the markets in the afternoon, choose a time where you will not be distracted by work, social media, kids or the Rugby! If you are an after the markets kind of trader, then do your research, analyses and even set your trading levels for the next day. I like to plot and draw all the levels and setups in the charts, and then write down which ones are almost ripe for the picking. #6: Prioritize Your Trades Not all trades are ready to action. Some might take a few days or months. What you can do is, flag them or colour them. GREEN – Act soon. ORANGE – Check over the next few days YELLOW – Trade could line up in the next few weeks RED – Potential setup but not likely in a few weeks. This approach will help you allocate your time better. So let’s sum up the time-management methods you can apply. #1: Why you need to be punctual #2: Easy to miss a profit – when you don’t time analyses #3: Set Reminders: The Power of Alerts #4: Sticky Note It #5: Develop a Routine #6: Prioritize Your Trades
JSE:J200Education
by Timonrosso
Gold for the next week 18-Sep-2023 Till Closed ManuallyI initially planned to share this on Sunday evening, but given that I'm including my personal trading strategy, I've decided to release it on Saturday instead. This way, someone might find value in my approach and have ample time to understand and implement it in their trading for the upcoming week Bullish Scenario Institutional Bias: If institutions remain aggressively bullish on Monday, expect minimal retracement to demand zones. Daily Supply Zone: A retracement to the demand zone may occur to trap sellers before resuming the bullish trend. Bull Run Extension: The market may stall within the daily supply zone before continuing its upward trajectory. Break Above 1953: A break above this level could signal a long-term bullish run, potentially setting new lifetime highs. Bearish Scenario Institutional Shift: If institutions shift from buying to selling, they may push the market to the daily supply zone to trap buyers before a sharp decline. Liquidity Trap: The market may oscillate between supply and demand zones to generate liquidity before crashing. Short-Term Outlook: Given Friday's bullish narrative, a bearish run seems less likely in the immediate term. High Time Frame (HTF) Bias: The market could revert to a bearish trend as the HTF bias remains bearish. My personal Trading Strategy for Gold Preparation: Be at your trading station one hour before the London Open. Daily Time Frame (TF): Mark trendlines to determine overall market bias. 4hr TF: Identify any break of structures. 1hr TF: Mark unmitigated supply and demand zones. 15min TF: Wait for the price to reach your marked zones or Points of Interest (POI). Entry Criteria: Look for a clean Break of Structure (BOS) on a lower time frame (preferably 5 minutes). Momentum and Volume: Ensure the BOS has sufficient momentum and volume. Entry Point: Enter after the BOS candle closes. Stop Loss (SL): Use a fixed pip SL or place it above the previous swing high. Take Profit (TP): Subjective to your trading style. Risk Management: Limit SL to 1% of your equity. Pip and Lot Calculation: Understand pip values for different trading instruments. Profit Targets: Maintain realistic daily, weekly, and monthly targets. Weekly Target: Aim for a 5% increase in equity. Daily Target: Once reached, reduce your market exposure. Loss Management: If a trade goes south, take a step back and analyze. Important Notes These are personal insights and subject to market conditions. Market moves may take from one day to several weeks to materialize. Global economic uncertainty could increase gold's appeal as a safe-haven asset. Personal Insights Emotional detachment and mechanical trading have improved my performance. Always align your trades with the market's overall direction. Counter-trend strategies are generally riskier unless supported by divergences.
OANDA:XAUUSD
by BinSaeed83
4
Trend-Following vs Counter-TrendTrading in the cryptocurrency market can be an exciting and potentially profitable venture. However, it is essential to approach trading with a clear understanding of the risks involved and the potential rewards. One important concept that traders must grasp is the risk reward ratio. This ratio compares the potential profit from a trade to the potential loss, providing a measure of the risk associated with a particular trading strategy. The risk reward ratio is calculated by dividing the potential profit by the potential loss. For example, if a trade has the potential to yield a profit of $200 and a potential loss of $50, the risk reward ratio would be 4:1. This means that for every $1 at risk, there is the potential to gain $4. Traders often use the risk reward ratio as a tool to evaluate the viability of a trading strategy and to make informed decisions about which trades to enter. Understanding trend-following trading strategies Trend-following trading strategies are based on the idea that the price of an asset tends to move in a specific direction for an extended period of time. Traders who employ trend-following strategies aim to identify and capitalize on these trends by buying when the price is rising and selling when the price is falling. This strategy assumes that the trend will continue and that profits can be made by riding the trend until it reverses. One of the key advantages of trend-following strategies is that they can be relatively simple to implement. Traders can use technical indicators, such as moving averages or trend lines, to identify trends and generate buy or sell signals. This simplicity can make trend-following strategies appealing to both novice and experienced traders. However, trend-following strategies also have their drawbacks. One of the main challenges is identifying the start and end of a trend. Trends can be volatile and subject to sudden reversals, leading to potential losses if the trader enters or exits a trade at the wrong time. Additionally, trend-following strategies may result in missed opportunities if the trader is unable to quickly react to changing market conditions. Pros and cons of trend-following strategies Trend-following strategies have several advantages that make them attractive to traders. One of the key benefits is the potential for significant profits. By riding a trend, traders can capture a substantial portion of the price movement and generate substantial returns. Additionally, trend-following strategies can be relatively easy to implement, requiring only basic technical analysis skills. However, trend-following strategies also come with their fair share of disadvantages. One major drawback is the potential for missed opportunities. Trends can be unpredictable, and a trader may enter a trade too late or exit too early, resulting in missed profits or unnecessary losses. Another challenge is the increased risk of drawdowns during periods of market consolidation or when trends reverse. Traders must be prepared to manage these risks and adjust their strategies accordingly. Analyzing the risk reward ratio in trend-following strategies When analyzing the risk reward ratio in trend-following strategies, it is essential to consider several factors. First, traders must determine the potential profit from a trade by identifying the target price or the expected price movement based on the trend. This can be done by using technical analysis tools or by setting specific profit targets. Next, traders must assess the potential loss by setting a stop-loss order. This order automatically closes the trade if the price moves against the trader's position, limiting the potential loss. The stop-loss order should be placed at a level that reflects the trader's risk tolerance and the volatility of the market. By comparing the potential profit and the potential loss, traders can calculate the risk reward ratio. A higher risk reward ratio indicates a potentially more profitable trade, as the potential gain outweighs the potential loss. However, it is important to note that a higher risk reward ratio also implies a higher level of risk, as the potential loss is larger. Understanding counter-trend trading strategies In contrast to trend-following strategies, counter-trend trading strategies aim to capitalize on price reversals. Traders who employ counter-trend strategies look for opportunities to buy when the price is falling and sell when the price is rising. This approach assumes that the price will reverse direction and that profits can be made by entering trades against the prevailing trend. Counter-trend strategies can be more challenging to implement compared to trend-following strategies. Traders must be able to identify potential reversals and accurately time their entries and exits. This requires a deep understanding of market dynamics and the ability to interpret price action and technical indicators effectively. Pros and cons of counter-trend strategies Counter-trend strategies offer several advantages that may appeal to traders. One of the main benefits is the potential for high-profit opportunities. By entering trades against the prevailing trend, traders can capture significant price movements and generate substantial returns. Additionally, counter-trend strategies can be particularly effective in choppy or sideways markets, where trends may be less pronounced. However, counter-trend strategies also come with their own set of challenges. One major drawback is the potential for false signals and whipsaws. Price reversals can be short-lived and quickly revert back to the prevailing trend, resulting in potential losses if the trader enters trades prematurely. Another challenge is the increased level of complexity involved in implementing counter-trend strategies. Traders must have a deep understanding of market dynamics and the ability to interpret price action accurately. Analyzing the risk reward ratio in counter-trend strategies Analyzing the risk reward ratio in counter-trend strategies requires careful consideration of the potential profit and potential loss. Traders must identify potential reversal points and determine the target price or expected price movement based on the counter-trend. This can be done using technical analysis tools or by identifying key support and resistance levels. Similarly, traders must set a stop-loss order to limit potential losses if the price continues to move against their position. The stop-loss order should be placed at a level that reflects the trader's risk tolerance and the volatility of the market. By comparing the potential profit and the potential loss, traders can calculate the risk reward ratio. A higher risk reward ratio suggests a potentially more profitable trade, as the potential gain outweighs the potential loss. However, traders must also consider the higher level of risk associated with counter-trend strategies, as the potential loss is larger. Comparing risk reward ratios in trend-following and counter-trend strategies When comparing the risk reward ratios in trend-following and counter-trend strategies, it is important to consider the strengths and weaknesses of each approach. Trend-following strategies typically have a higher success rate, as they align with the prevailing market direction. This can result in a higher number of winning trades and a more favorable risk reward ratio. On the other hand, counter-trend strategies may have a lower success rate but offer the potential for larger profits. By entering trades against the prevailing trend, traders can capture significant price movements and generate substantial returns. However, the risk reward ratio may be less favorable due to the potential for larger losses if the price continues to move against the trader's position. Ultimately, the choice between trend-following and counter-trend strategies depends on the trader's risk tolerance, trading style, and market conditions. It is important to carefully evaluate the risk reward ratio of each strategy and consider other factors such as market volatility, timeframes, and personal preferences. Factors to consider when choosing a trading strategy When choosing a trading strategy, it is important to consider several factors beyond the risk reward ratio. Here are some key factors to keep in mind: Market conditions: Different strategies may perform better in different market conditions. Consider the current market trend, volatility, and liquidity when selecting a strategy. Risk tolerance: Assess your risk tolerance and choose a strategy that aligns with your comfort level. Some strategies may involve higher levels of risk and potential drawdowns. Time commitment: Different strategies may require varying levels of time commitment. Consider your availability and lifestyle when choosing a strategy. Trading style: Determine whether you prefer short-term or long-term trading, as this will influence your choice of strategy. By carefully evaluating these factors and considering the risk reward ratio, traders can select a strategy that aligns with their individual goals and preferences. Analyzing the risk reward ratio is a crucial step in evaluating the viability of a trading strategy. Both trend-following and counter-trend strategies have their own set of pros and cons, and traders must carefully consider the risk reward ratio associated with each approach. By understanding the potential profit and potential loss, traders can make informed decisions and manage their risk effectively. Additionally, it is important to consider other factors such as market conditions, risk tolerance, and personal preferences when choosing a trading strategy. By taking a comprehensive approach, traders can increase their chances of success in the dynamic and ever-evolving cryptocurrency market. Follow and Boost for your financial success ! Write your thoughts in the comment section.
by Wealthy_Stats
Why Daily Time Frame Analysis 📅🔍 Matters In the dynamic world of forex trading, one key decision traders face is choosing the right time frame for their analysis. While there are various options available, the daily time frame holds a special place for traders seeking consistency and reliability. In this comprehensive guide, we will explore the compelling reasons why traders should prioritize daily time frame analysis in their forex endeavors. With real-world examples and insights, you'll discover how this approach can lead to trading success. The Significance of Daily Time Frame Analysis Daily time frame analysis offers several essential advantages that can significantly benefit forex traders: 1. Clarity Amidst Market Noise One of the primary benefits of daily time frame analysis is the reduction of market noise. Shorter time frames, such as the 1-hour or 15-minute charts, often exhibit erratic price movements that can confuse traders. By focusing on the daily time frame, traders gain a clearer and more stable perspective of the market's overall direction. 2. Work-Life Balance and Trading Flexibility Daily time frame analysis doesn't demand constant monitoring of the markets. This characteristic is particularly appealing to traders who wish to balance their trading activities with other commitments, such as work, family, or personal life. It enables traders to engage in forex trading without feeling overwhelmed or tethered to their screens. 3. Enhanced Risk Management and Strategic Planning The daily time frame provides traders with ample time to conduct thorough analysis and craft well-thought-out trading strategies. This extra time empowers traders to implement effective risk management practices, set appropriate stop-loss levels, and plan their trades with precision. Daily time frame analysis is a valuable tool that empowers forex traders with clarity, flexibility, and enhanced risk management capabilities. By prioritizing the daily time frame, traders can navigate the forex market with confidence and a broader perspective. This approach not only leads to more informed trading decisions but also allows traders to strike a balance between their trading activities and other aspects of their lives. In the end, focusing on the daily time frame can be a crucial step towards achieving trading success in the world of forex. 📅🔍💹 Please, support my work with like and comment! Love you, my dear followers!👩‍💻🌸
Education
by AnabelSignals
8
Big-picture trading strategy revisitedhello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT chart) If it does not fall below the downtrend line, it is likely to rise. An increase in trading volume is needed to break above the current price position, that is, near the M-Signal indicators on the 1W chart and 1M chart, but there is a possibility that it is holding it back from rising. The reason may be to achieve a large increase at once. The point that must be penetrated at once is above the 30495.92 section and above the point where the trend line of the 1W chart intersects. Only then can you have the opportunity to break upward through the section your finger points to. Any rise outside the current box is likely to lead to BTC's dominance. Therefore, those who mainly trade altcoins need to be careful. This is because once BTC's dominance begins, most altcoins are likely to gradually move sideways or show a downward trend. The reason for this is that funds will be concentrated towards BTC for next year's BTC Halving. This phenomenon is expected to gradually unravel once BTC dominance rises above 61. Therefore, it is expected that that will be the time to purchase altcoins in earnest for the BTC halving. If it touches the HA-High indicator of the 1M chart on the BTC chart and shows support, we expect that that will be the point where the coin market's full-fledged upward trend begins. The next period of volatility for BTC will be around October 3rd. Accordingly, there is a possibility that the day trading period may come to an end. Therefore, we must prepare for the period of great volatility that will follow. Periods of high volatility are likely to be the last decline before a full-fledged uptrend, that is, the section that forms a pullback. However, this movement cannot necessarily be viewed as being expressed as a decline. This is because it can show a big uptrend and then fall again, creating a pullback pattern. Therefore, now is the time to focus on buying BTC or ETH. I think that BTC 29K or lower is possible at this time. If BTC rises above 29K, there is a high possibility that you will not buy BTC or ETH because you will think that it is more profitable to buy altcoins than to buy BTC or ETH. For altcoins, the first purchase is completed when BTC is below 29K, and the second purchase is carried out when BTC is in the range of 32K-43K. After that, full-scale purchases can be started after confirming support from the HA-High indicator of the 1M chart mentioned above. This is the big picture, trading strategy in preparation for the BTC Halving next year. Changing the big-picture trading strategy like this means that all trading strategies have been designed incorrectly, so an unprecedented situation will arise where all trading must be stopped. Therefore, the big picture trading strategy should not be modified. If you cannot create a big-picture trading strategy, you need to be careful because you cannot start trading from a long-term perspective, that is, farming. Long-term trading, i.e. farming, is a mental battle. That's why being able to stabilize one's psychological state is an important factor. Therefore, if you cannot plan a big-picture trading strategy, you will not be able to trade from a long-term perspective because you will not be able to withstand changes in psychological state caused by price volatility. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
5
How to be a Trading WARRIOR!To trade well you need to think like a warrior. You need to harness your inner strength and go through the battles of trading. There are spectators, there are participants, and then there are warriors. These warriors stand apart. And you need to blend your skills and traits to equip you with everything you need to WIN. In this article, we’ll delve into the core qualities that can transform you into a genuine trading warrior. Mastering the Sword of Time Trading, like a warrior’s battle, is not won in haste. You need the three Ps as I often write – patience, persistence, and passion. Markets are fluid entities that are always shifting and changing. So, you need to take the time to learn how to adapt or die trying. The Shield of Dedication Your shield is dedication. You need to commit to the journey, embrace the learning curve, take the losses and drawdowns in your stride. You need to continuously seek to improve with every trade, every trend analysis, and every market lineup that comes your way. Embrace it with dedication. Discipline: The Unyielding Armour Discipline is what will make you win. You need to follow your trading plan and stick to your risk management strategy. You need to make decisions based on logic, not emotions. Discipline keeps you grounded, even in the face of market chaos. The Quest for Self-Understanding This is a self-journey too. It’s a lonely but essential quest you need to undergo. I always say you need to understand your trading personality and risk profile. Know and identify your strengths, weaknesses, and biases. This will help you to develop a stronger understanding of who you are as a trading warrior. Resilience: The Warrior’s Tenacity Resilience is about bouncing back from losses and setbacks. They are going to come. Some are going to be short. Some are going to be extending. Rome was not built in a day. Strategic Thinking: The Battle Plan Trading warriors are not impulsive. They develop a strategic plan and evaluate all possible outcomes. We make sure we calculate risks before we think of getting into a trade. So have your strategic game-plan with you all times. Adaptability: The Shape-Shifter’s Gift The financial market is volatile and unpredictable. It’s forever changing. New markets, new volume, new algorithms, new economic cycles, and new breakthroughs. A trading warrior is adaptable and can adjust their strategies to align with the changing markets. Continuous Learning: Sharpen the Sword A warrior never stops to hone their skills. You need to continue to learn, stay ahead of the market trends. And always refine your strategy when need be. Keep that sword sharp and ready for anything. Emotional Intelligence: Harness the Stallion Successful trading requires emotional control. Learn to adapt to your emotions and feelings. Become the market and think like them, so you don’t get clouded by your irrational and illogical judgement. Confidence: The Warrior’s Roar Confidence is NOT about being right. That’s ego. Confidence is embracing your losses to come. Confidence is when you trust your abilities, strategies and decisions. Confidence is being comfortable with your trading, no matter what. Independence: The Lone Wolf’s Path Trading warriors are self-reliant. They make their own decisions. They might follow a leader, but they take responsibility with their own trading and risk profile. You need to learn to take responsibility for them, and don’t blame others for their losses. Focus: The Eagle’s Gaze Trading warriors have tunnel vision. They are looking straight at their goals and responsibilities. The only thing you can do is to concentrate on your tasks, block out distractions, and don’t allow fear, greed or ego to shift your focus. Perseverance: The Mountain’s Steadfastness A trading warrior keeps going. No matter what obstacles or setbacks approach. They understand that perseverance is the key to long-term success in trading. Balance: The Zen Master’s Touch You don’t want to be glued to your trading screen. This alone will defeat you. You need to learn to balance trading, business, work and life. Don’t put so much energy in things you cannot control. Balance your life and your lifestyle. Integrity: The Knight’s Virtue In every trade, a warrior upholds honesty and fairness. They stay true to their principles, even when nobody’s watching. Integrity is what gives you the confidence, respect and laser focus you need to achieve. Courage: The Lion’s Heart This is not a faint-hearted game. You need a lot of courage and calculated risks to trade. Face losses and stand up against market pressure. Developing these qualities will not guarantee instant success. But with time, patience, and perseverance, you’ll find yourself becoming a true trading warrior! Let’s sum up the trading warrior traits… Mastering the Sword of Time The Shield of Dedication Discipline: The Unyielding Armour The Quest for Self-Understanding Resilience: The Warrior’s Tenacity Strategic Thinking: The Battle Plan Adaptability: The Shape-Shifter’s Gift Continuous Learning: Sharpen the Sword Emotional Intelligence: Harness the Stallion Confidence: The Warrior’s Roar Independence: The Lone Wolf’s Path Focus: The Eagle’s Gaze Perseverance: The Mountain’s Steadfastness Balance: The Zen Master’s Touch Integrity: The Knight’s Virtue Courage: The Lion’s Heart
TVC:SA40Education
by Timonrosso
The BEST trade to TAKE!Do you know what the BEST trade is? The best trade is not a winner. The best trade is not a lucky streak. The best trade is not what you think… If you’ve followed your rules, strategy, criteria, risk management and taken the trade. That is the BEST you can do. Whether it wins or not, you have taken the BEST trade. Let’s dig in… Follow Your Rules Every successful trader has a set of rules that act as the bedrock of their strategy. These rules are based on highly researched analyses on back and forward testing. In the medium to long term, you’ll reap the rewards. Therefore, your BEST trade is following your rules. Wait for the criteria To find the BEST trade, you must establish specific criteria that a trade must meet before you pull the trigger. Maybe you’re waiting for syzygy between price action, candlesticks, volume, indicators, chart patterns or a combination of them. Once the criteria has been met, then you’re ready to take the BEST trade…. Keep to your risk management Protecting and preserving your capital is paramount in trading. The BEST trade is when you have assessed the risks and put your safeguards for your trades. What are you willing to risk per trade? What is your margin requirements in the trade? Is it affordable? Will you have enough capital to play it through Will you have enough capital to take on many other BEST trades? Can you emotionally handle the risk per trade? Once you’ve got the right answers, you’re ready to take the BEST trade. Own your mindset – The Ultimate Act of Courage You know the trade might be a winner or loser. And it’s not about the outcome. IThe BEST trade is about having the courage to execute when all your criteria are met. It’s about trusting your process and embracing the uncertainty that comes with every trade. J.T.T.B.T – Just Take The BEST trade Once you’ve done the planning, analyses, risk assessment, then you’re ready to Just Take The BEST Trade! You’ve done your job. If it wins great – it’s once step closer to portfolio growth. If it loses – it’s the cost of the trading business. Remember this… The BEST trade is not a destination but a journey filled with learning, discipline, and resilience. It’s not solely about profit or loss. It’s about the process of becoming a better trader and evolving as a trader yourself. Let’s sum up with the steps to you taking the BEST Trade. Follow Your Rules Wait for the criteria Keep to your risk management Own your mindset – The Ultimate Act of Courage J.T.T.B.T – Just Take The BEST trade
TVC:SA40Education
by Timonrosso
Price Action and Trade Review for the DOW Jones IndexPrice action is key for understanding the major market bias and also for managing risk. On top of that, understanding Price Action will give a better understanding of where other traders may be trapped and will help structure your trades. In the video, I talk through the DOW Index and price action from the previous session. I look at where we were looking for trades and the price action that led to trapped traders getting squeezed out of the action. *** Feel free to take a look at our profile page and Please Follow for more content *** *** Please Leave a Like and Comment if you enjoyed this video ***
CBOT_MINI:YM1!
by ReverseRetail
Simple Recommendations for Newbie Day Traders in Forex 🌟📈💼 Twitter Hashtags: 1. # 2. # 3. # 4. # 5. # 6. # Embarking on the exhilarating journey of day trading in forex and gold can be both thrilling and challenging, especially for newcomers. In this comprehensive guide, we'll provide straightforward recommendations to help newbie day traders navigate these dynamic markets. Drawing from the wisdom of experienced traders, we'll offer valuable insights and real-world examples to set you on a course for success. 1. Learn the Basics: Knowledge is Power Before you dive in, ensure you have a solid understanding of the forex and gold markets. Learn the terminology, grasp the fundamentals, and familiarize yourself with trading strategies. 2. Practice with a Demo Account: Safe Harbor for Learning Newbie traders should begin with a demo account to hone their skills without risking real capital. Use this platform to test strategies, understand market dynamics, and develop your trading style. 3. Develop a Trading Plan: Chart Your Course Create a well-defined trading plan that includes your risk tolerance, entry and exit strategies, and money management rules. Stick to your plan, and avoid making impulsive decisions. As a newbie day trader venturing into the forex and gold markets, the journey may seem daunting, but with the right guidance, it can be highly rewarding. By learning the basics, practicing with a demo account, and crafting a well-defined trading plan, you can set a course for success. Remember, patience and discipline are your allies in the world of day trading. Now, hoist your sails and embark on this exciting voyage with confidence! 🌟📈💼 Please, support my work with like and comment! Love you, my dear followers!👩‍💻🌸
Education
by AnabelSignals
8
Enhance your Trading Expertise into the Future – 5 Tech breakthrIn today’s rapidly evolving financial landscape. You really need to stay ahead or get left behind. It’s our passion to help you deepen your knowledge of the market trends and technologies that are shaping the future. And you know what, there are some very important trends and sectors you’ll need to adapt to your trading. Let’s explore some of the new paradigms that are transforming the trading ecosystem. New ETFs Exchange Traded Funds (ETFs) have surged in popularity lately. This is because of their flexibility, accessibility, and potential for diversification. You’re going to hear a lot more from companies like BlackRock’s iShares and Vanguard leading the way. Recently, thematic ETFs have been gaining traction. These ETFs focus on niche areas like environmental, social, and governance (ESG), technology, and health. For example, the ARK Innovation ETF (ARKK), managed by ARK Invest. This targets companies that are expected to benefit from disruptive innovation across different sectors. New AI Tech Artificial intelligence (AI) is revolutionizing financial trading by providing traders with automated, high-speed decisions based on complex algorithms. You need to adapt AI into your life, before it goes past your head. AI-powered trading software’s is another thing I am looking at and trying to adapt into MATI. With it you’ll be able to analyze large volumes of data at lightning speed. This will allow you to make more informed decisions, run your trading journal, analyse data and even pinpoint which markets work best with your strategy. We are still in the infant stage of deep and machine learning with trading, so learn and grow with it. Electric Vehicles The electric vehicle (EV) industry is really taking over. I’m sure you’re seeing more Teslas on the road than ever before. I’m sure you’re seeing electric vehicle stations to charge cars. Even by the ports and harbours, you’ll see electric charging stations. With companies such as Tesla and NIO leading the charge. As the demand for clean energy solutions grows, It’s not just about the car manufacturers. But also the companies that provide these charging stations like (ChargePoint, Blink Charging) and battery technology (Panasonic, LG Chem). Space Tourism Space tourism is no longer a figment of science fiction. Companies like SpaceX, Blue Origin, and Virgin Galactic are making commercial space travel a reality. Just recently in June 2023, Virgin Galactic had their first space tourism trial experience. Before you know it, maybe we too will be looking at our beautiful blueberry of a planet from space. Metaverse The Metaverse is where you can combine a fully immersed world with VR ora shared digital experience with virtually augmented physical reality. Companies like Facebook (now Meta Platforms), Apple and Roblox are investing heavily in this space. This is just a scratch of what is coming out, and what I’ll be applying to trading. Here are another 20 breakthrough technologies to watch out for. Quantum Computing CRISPR and Gene Editing Autonomous Vehicles Advanced Robotics Machine Learning (ML) Nanotechnology Li-Fi (Light Fidelity) Synthetic Biology Hyperloop Technology Smart Cities Hydrogen Energy Lab-Grown Meat 3D Bioprinting Drone Delivery Personal A Remember, knowledge is not just power – in the world of trading, it’s profit.
TVC:SA40Education
by Timonrosso
Box sections, support and resistance, breakout tradinghello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- When trading, I always think about when the price will rise. And, by buying just before it goes up, you want to be in the profit zone as soon as you buy. To make these trades, you must be familiar with day trading. However, most people do not like to engage in day trading. This is where problems always arise. If you buy at a price that is too low and there is no sign of it going up, you will get tired and lose interest in trading. If this situation continues, you will eventually leave all investment markets and will not even be able to get opportunities. Therefore, even if you incur losses, you must continue to engage in day trading whenever you have time to maintain your sense of day trading. Additionally, you need to develop the know-how necessary for day trading. Some people may be thinking that there is no need for day trading since they will be investing with the goal of short-term trading. However, if you do not have an eye for day trading, 1. The average unit price is formed at a higher price than expected due to poor timing of purchase. 2. Buy at a price that is too low and miss out on higher opportunities. Cases like 1 and 2 may occur. Then, I started trading because the market seemed to be on the upswing, but I think it only amplified my negative thoughts about trading as I entered a pullback period. Therefore, depending on the market atmosphere, there are separate periods for day trading, short-term trading, and mid- to long-term trading. The current period is a period of day trading and short-term trading. In order to transition from this period to a mid- to long-term trading period, one must go through a period of great volatility. Therefore, as mentioned earlier, if you start trading when the current market atmosphere is more heightened, you may suffer large losses when a period of great volatility begins. Fortunately, if large volatility leads to an uptick, there is potential for profit from short-term trading. However, we cannot rule out the possibility that it will eventually turn into a loss because there is a possibility that the price will not respond due to expectations that it will rise further in the future. In any case, as the current day trading period is likely to continue for a while, it is highly likely that more individual investors will begin trading in the future. Since this is the time when companies or whales that operate large capital realize profits, once profit realization ends, it is likely to lead to great volatility, that is, a large decline. At the same time, companies and whales that were unable to buy during the period of great volatility will buy, and eventually a full-fledged upward trend will begin. Therefore, we need to be careful when trading to survive this trend. Because you never know when and how the market will change, you should always make profits or prevent increased losses through short trading, or day trading. So, the current period corresponds to the period of day trading. (USDT 1D chart) Currently, the flow of USDT is not very good. This is because large candles on the USDT chart mean that there is a large flow of funds, which means that many transactions are taking place or there is a lot of movement of funds. When these candles change to the previous candles, it is expected that the coin market will end the day trading period and enter a period of great volatility. -------------------------------------------------- --------------- As I mentioned earlier, in order to buy right before it rises and be in the profit zone as soon as you buy, you must eventually make a breakout trade. In order to make a breakout trade, you need to know how support and resistance points and sections are formed at the current price position. Then, if support is confirmed in the formed sideways section, you should start buying from then on until it breaks upward through the high point of the sideways section or box section. Otherwise, if you buy after seeing support after an upward breakout, it may be too late for day trading. A big rise often begins after a decline. This movement is commonly called a pull back. Even though the price has fallen, the number of people selling decreases, which means that there are not many people willing to sell anymore, so when the price rises, the number of people selling decreases, so this type of movement is often seen. There are prerequisites for this. Before the above movement can be seen, there must be a certain number of candles with long upper tails. This is because a candle with a long upper tail can be formed to confirm the movement of people trying to sell. Well, I won't go into more detail because I've heard this story often elsewhere. (BTCUSD 1D chart) As mentioned earlier, in order to make a breakout trade, there must be a certain section or point of support and resistance. Looking at the 1D chart in the example, can you see a certain range or support and resistance lows? If so, you need to check whether you receive support or resistance at that section or at the support and resistance lows. thus, You can think of a box section like the chart above. These box sections or sideways sections are different for each person, so it is impossible to say which is right or wrong. All you have to do is create a trading strategy that suits you within the set range and trade accordingly to earn profits. The box section I decided on is as follows. HA-Low and HA-High indicators are indicators created for trading. Therefore, it is utilized when starting or ending a transaction. Use this to form a box section, start buying when support appears in this box section, and continue buying until the box section breaks upward. Therefore, as shown above, candles that pass the HA-Low and HA-High indicators form a box consisting of low and high points. If you look at the chart in the current example, you can see that the base of the box is toward the bottom of the box. Therefore, in order to turn upward, it is expected that the movement will begin as the HA-Low or HA-High indicator moves and forms a new one by shaking it up and down. The key to breakout trading is at what point must the breakout trade begin. However, these points vary depending on your investment style, that is, your trading strategy. Therefore, in order to apply your own trading strategy to a box section created by someone else, you must know the criteria for selecting the box section. However, most of the time, such information is not provided. However, this can only be inferred from the pictures drawn on the chart. You need to be careful because making the inferences your own and creating a trading strategy based on them is like building a castle on sand. Therefore, in order to make a breakout trade, you must check the following: 1. Is there a certain range or support and resistance range visible at the point where the current price is located? 2. If case 1 applies, how far are the other support and resistance areas from that box range? If there are support and resistance points or sections within the box section or just above the box section, you must check them because even if you break above the box section, you may not make much profit or may even incur a loss. The section in the chart box above is 25120.76-28184.89. And above that, there is support and resistance at 28809.72. Therefore, if you are satisfied with the profit in the 28184.89-28809.72 range, you can proceed with the transaction. If not, it is recommended to hold the transaction. Ultimately, trading is done to make a profit, so if the visible profit range is small, it is better not to proceed with the trade at all. 3. Is it possible to take a stop loss when there is no support at the support and resistance points within the box section and the price falls below the bottom of the box section? You should think that falling below the box range means you have provisionally defined that a further decline, that is, a sharp decline, may occur. Therefore, you should be able to take a stop loss when the price falls below the bottom of the box section. If you think the stop loss amount is too large and you cannot stop the loss, it is better not to trade at all. Check conditions 1-3 above, and if everything is satisfactory, you can check whether you are supported at the support and resistance points, create a buying strategy, and proceed with the purchase. Otherwise, if you buy immediately when the box section breaks upward, the psychological burden will increase and it may turn into a wrong transaction, so you need to build up know-how through a lot of experience. The most important thing in my chart is the MS-Signal indicator. If the price stays above this indicator and the MS-Signal indicator turns into a bullish sign, it means that there is a high possibility of an uptrend and an upward move. Therefore, in order to trade more safely, you can start buying when the MS-Signal indicator rises above the MS-Signal indicator and the MS-Signal indicator switches to an upward sign and shows support. However, it is not easy to actually proceed like this. You need to think about how you will proceed with the purchase. I will take the time to explain this when I have the chance next time. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
COINBASE:BTCUSDEducation
by readCrypto
IMPORTANT - 14 Risk and Money Management RulesOver the past 20+ years, I've only mentioned a few money management rules. But then I thought about it, and realised there are so many more I use when I trade. So with this TradingView platform, I’m going to share my 14 most essential risk management rules I’ve ever come across. RULE #1: The 2% Rule – Limit Your Risk You might have seen this risk rule from me before, but there are new TradingView members everyday. Here’s how it works… Never risk more than 2% of your total trading capital on a single trade. No matter how good the trade looks, this rule will help you safeguard your portfolio from the impact of a single trade's outcome. The reason is, you will enter a losing streak. You will most likely take from five to seven losing trading in a row. But with the 2% rule, you’ll only be down 10% to 14% of your portfolio compared to if you risked 5% to 10% per trade. RULE #2: The Probability Rule – Assess Trades When you buy or sell trades, there are three types that can line up according to your trading strategy. I like to categorise these trades as. High, medium, or low probability. For high, medium, and low probability trades, risk 2%, 1.5%, and 1% of your portfolio respectively. If my trading criteria matches all the right elements to buy or sell – this is considered a high probability trade. That’s where I will risk 2% of my portfolio per trade. If my trading criteria has one or two elements that are showing conflicting signals – this will be considered a medium probability trade. In this case, I’ll only risk 1.5% of my portfolio. Other cases, there’ll be a time where the system will line up but the market environment is in a choppy and volatile range. This is where the trade will be a low probability trade. And so, I’ll only risk 1% of my portfolio per trade. Identify the probabilities and you’ll be able to adjust your risk accordingly. RULE #3: 20% Drawdown Rule – Pause After Losses There could be a time, where your portfolio is in the slums. This is where you could be down 14% to 20% of your portfolio. What then? Well you need to protect your capital. I have a simple rule where, once my portfolio is down 20% of my portfolio – I will pause my trading. During a drawdown, I’ll then switch to paper trading until conditions improve. If the market resumes in favourable territory and I feel more confident that the system will work better – I’ll then resume trading with 1% risk. RULE #4: Never Risk Unaffordable Money This one is a given, and one I often preach. With trading you should NEVER risk any money you can’t afford. If you’re using your only savings from retirement or you have any money that you’ll be emotionally attached to - Avoid trading all together. This is not only dangerous for your financial situation but it will also lead to a rollercoaster of emotions trading during both winning and losing streaks. RULE #5: The Time Stop-Loss Rule – Time-Based Limits If a trade doesn't meet its profit target (or hits the stop loss) within a specific timeframe, close it. I have a 7 week (35 business days) rule. It doesn’t matter when, what level or if the trade is in the money or out the money. You want to close the trade, after a certain period of time has elapsed, for three reasons. 1. You’re a short-term trader and don’t want to turn it into a long term investment 2. There are costs you are paying daily which is leading you to incurring a higher loss or less profits. 3. You don’t want to feel married to any specific trade. Either you’ll bank a lower loss than you planned. Or you will bank a lower profit than planned. This prevents capital from being tied up in stagnant trades. RULE #6: The Trailing 1:1 Rule – Protect Profits This rule, will help you secure your profits when a trade is moving in your favour. Here’s how it works. Once a trade hits a 1:1 risk-reward ratio (and has moved in my favour). It gives the opportunity to move the stop loss up to just above break even. This way you’ll will bank a minimum gain, should the trade turn against you. Also, it will increase your win rate and emotionally you’ll feel it’s much easier to hold a trade with nothing to lose. RULE #7: Half Off Rule – Secure Gains Sometimes, you don’t want to move your stop loss. Instead you want to lock in profits, while the market is moving in your favour. So the rule is simple. When the trade reaches the risk to reward of 1:1, this might be the best time to close half your position. This will lock in some profits while leaving room for further gains. RULE #8: The 5% Margin Rule – Control Leverage This rule is more applicable to those who have a MUCH larger account of R25,000 and up. Remember, with trading you’re buying and selling on margin. If the gearing is 10 times this means if I hold 1% of my account, I am risking 10% of my portfolio if the trade heads to zero. So, the trick is to never risk more than 5% of your account on a single trade. This approach reduces exposure to risk and aids risk tracking in volatile markets. RULE #9: The Intraday Stop Rule – Daily Loss Limit Not all traders like to hold overnight. You get intraday traders who buy and sell trades within the day. If you are one of them, then this rule is for you. Make sure you set a daily loss limit or a maximum number of losses. For example, if you’re down 3 to 4 trades in the day – that might be your que to stop trading for the day. There are a few reasons for this including: • The market environment is not conducive to continue. • You need to protect your capital. • Your emotions might run out of control having taken too many losses in a day. • This could result in impulsive and revenge trading to try make up for your losers. RULE #10: Forex NEWS Rule – Avoid High-Impact News Events I mentioned this in the last Trading Tips Q&A, but I’ll say it again. If you’re a Forex trader and you want to avoid volatile times when certain news events come out. You can stay out or avoid trading during high-impact news events. These events include CPI, NFP, PPI, and FOMC releases. Such events can increase trading risks and lead to unpredictable market movements. (Especially in the Forex market!). RULE #11: The Risk-Reward Rule – Favor Positive Ratios Whenever I take a trade, I always want my gains to be bigger than my losses. To do this I set my risk-reward ratio of at least 1:2. This means, I am only willing to risk one in order to bank two times more. Do this enough times and you’ll almost guarantee your potential gains will outweigh your potential losses in the medium term. And having a risk to reward of at least 1:2 means you’ll factor in the costs, brokerage and other fees with your trade. RULE #12: The 20% Golden Rule – Diversify and Limit Exposure You always need to have capital within your portfolio. Not only to trade, but to protect the current trades that you’re holding at any one time. So this rule is golden. Here’s how it works. I never expose more than 20% of my total investment portfolio to trading. This means, I’ll always be holding at least 80% of my portfolio. Remember, with margin (leverage) trading, it magnifies gains and losses. Having only 20% of your total investment portfolio will help you to always have more money in your portfolio to account for more trades, losses, costs and for you to diversify and manage your risk better. RULE #13: The Hedgehog Rule – Balance Long and Short Positions I love this rule. In trading you can buy (go long) when the market moves up. Or you can sell (go short) when the market moves down. But sometimes, you might feel you’re over exposed to the long side even though the market is moving up. So instead you can hedge your positions by balancing longs and shorts. If the market turns down, then at least you’ll have some shorts in the mix to make up for the losses with your longs that are going against you. I always try to avoid overcommitting to a single direction. This way I am able to protect my portfolio from sudden market reversals. RULE #14: Multi-Account Rule – Separate Markets I find markets all move differently and yield results at different rates. So what I like to do is open different trading account for different markets (e.g., Forex and stocks). I like to track and trade Forex for one account and stocks for another. You’ll find if you trade too many different markets in one account, it will most likely skew the portfolio and your track record. This is because of the way they all move sporadically from each other. So, diversify your portfolios across different asset classes and markets to manage your risk. Final words. I trust this 14 Risk management Rules Lesson will help guide you to your trading goals. If there’s one thing you should do is print, or save this guide and keep them close for reference. These rules will undoubtedly prove valuable in your trading endeavors.
TVC:SA40Education
by Timonrosso
Why you might STRUGGLE Trading - 9 REASONSTrading is the most simple and hardest career you can have. There are simple tasks to take but difficult to mentally handle. Success requires discipline, strategy, and often, a good amount of experience. However, there are many reasons why people may struggle to achieve profitability in their trading endeavours. Here are some common pitfalls that might be the reasons why you are struggling as a trader. can Lack of a Defined System A trading system involves a set of rules that dictate entry, exit, and money management criteria for your trades. If you’re trading without a proven and winning system, you’re basically gambling. You really need to find what works for you both mentally and financially. Either you can experiment with different trading strategies. Or you can adopt proven systems that you believe with what will work for you. It’s crucial to find a strategy that suits your risk tolerance, investment goals, and lifestyle. Inability to Handle Losses Everyone experiences losses in trading. You’ll take losing trades on a daily, weekly and monthly basis… If you cannot handle losses, you may find yourself holding onto losing positions for too long. You might feel you’re stuck in a rut. You might feel like a loser yourself. So, this needs to stop. Start treating trading as a business. Accept that losses as the costs of trading. Don’t dwell on losses. Accept them, embrace them and learn from them. Get Rich Quick Mentality Many people get the excitement that trading Is something that will bring bread in the short term. This cannot be farther from the truth. You need to get out of this “get rich quick” mentality. Establish medium to long term goals and work at it. Make sure, your expectations are realistic and be patient. Set achievable goals and concentrate on slow, steady progress rather than risky, high-return trades. Lack of Experience Like any other skill, trading requires experience to master. If you’re new to trading, you may lack the knowledge needed to navigate the market effectively. To gain experience, start small and learn as you go. Maybe even start off with a demo and paper account. This way you’ll be able to practice without risking real money. Read books, take courses, watch from experienced traders. Learn from their mistakes, so you can avoid paying high school fees. You ignore the Big Market Trends Before you trade, do yourself a favour. Get to know the market environment. If the price is heading up, look for longs (buys). If the price is heading down, look for shorts (sells). Trends can give important insights into potential future market movements. You’ll feel more in-tune with the markets when you know their overall directions. Letting Emotions Rule Fear, greed and ego are the enemies of profitable trading. If you feel any of the three dangerous traits, you’ll make decisions based on emotions. This will give you a gambling mentality of thrill, despair and denial. Cut out the emotions and stick to a more mechanical approach. Be like the market not like a human. Fail to Diversify You need to know how to mitigate risks. One market probably won’t make the cut. If it moves sideways for months on end, you’ll miss out on powerful opportunities elsewhere. So, diversify with different stocks, indices, commodities, Forex and cryptos. Also, don’t be over exposed too long with buys or too short with sells. Find the balance, because markets can change direction very quickly. Not Keeping a Trading Journal You need to get yourself a log book. A trading journal will help you to keep track of your strategies, successes, and failures. It will also guide you with the gameplan you need with a better chance of succeeding. Know what you can gain, lose and how long you can go through potential drawdowns (downturns). The past data might not indicate future results, but it can give you a likelihood of what is to come for your trading, markets and your portfolio. Lack of Discipline and integration Discipline is sticking it out. Doing what you need to follow your trading plan. No matter how good or bad the market is, when the trade lines up you need to JUST TAKE THE TRADE. And no matter how your feeling on the day, you need to do what it takes to succeed. Integration is similar but it’s actually adapting it whole heartedly into your life. This is where you don’t’ think twice. This is where you wake up and trade like brushing your teeth. If you suck at trading, you need to pinpoint why. Work on it, improve and evolve. Let’s sum the reasons why you might SUCK at trading up one more time…. Lack of a Defined System Inability to Handle Losses Get Rich Quick Mentality Lack of Experience You ignore the Big Market Trends Letting Emotions Rule Fail to Diversify Not Keeping a Trading Journal Lack of Discipline and integration
TVC:SA40Education
by Timonrosso
The Raging Bull on a Falling Roller coaster - JSE in the nutshelAbout sums up the JSE right now... 📉📈 The JSE ALSI 40: Where Sideways Meets Rollercoaster! 🎢🐂🐻 Hey there, fellow traders and market enthusiasts! 📊💰 Have you been following the JSE ALSI 40's wild dance since December 2022? It's like watching a cat chasing its tail, but with more financial suspense! 😅🐱 Picture this: The ALSI 40 chart looks like a DJ's soundwave, with highs and lows that leave us all scratching our heads. 🤨📈📉 It's as if the market decided to throw a never-ending party, but with a catch – every time it cranks up the music and heads for the stars, it suddenly crashes back down like it remembered it had a curfew! 🎶💥 And guess what? Just when you think the party's over and everyone's heading for the exits, the market pulls a 180 and starts the bull run again! 🐂🚀 But here's the kicker – when you finally give in to FOMO (Fear Of Missing Out) and join the party, that's when the bearish bear shows up, and it's not in the mood for hugs! 🐻📉 So, what's a trader to do in this wild ride? 🤔 Here's the deal: 💰 Money Management is Key: It's time to be the disciplined partygoer. Risk management should be your DJ, controlling your moves on the dance floor. Allocate a smaller portion of your portfolio to each trade to weather those unexpected downturns. 🚫 Ego? Leave It at the Door: Ego is that party crasher no one likes. Don't let your ego dictate your trades. Remember, even the best traders face losses. Stay humble, stick to your strategy, and cut your losses when it's time to bail. 📆 Patience is a Virtue: Keep your dancing shoes on, because sooner or later, the market will decide on a direction. It might seem like a chaotic dance floor now, but trends emerge eventually, and when they do, you want to be there when the music starts playing. So, fellow traders, while the JSE ALSI 40 keeps doing its sideways cha-cha, let's stay nimble, manage our risks, and be ready to groove with the raging bull when it charges or stay steady with the bear when it takes its turn. 🕺💃 It's all part of the game, and in the world of trading, the only constant is change! Let's keep our eyes on the charts, our hearts in check, and our portfolios ready for whatever direction the market decides to sway next. 📊💼
TVC:SA40Education
by Timonrosso
Navigating Forex Success: Mastering the Most Vital Fundamentals Forex trading, the largest and most liquid financial market in the world, offers endless opportunities for profit. Yet, success in this dynamic arena hinges on a solid understanding of fundamental analysis. In this comprehensive article, we will explore the most crucial forex fundamentals that every trader should grasp. We will provide real-world examples to illustrate their impact and share how they can influence your trading decisions. The Cornerstones of Forex Fundamentals 1. Interest Rates: Central banks set interest rates, which have a significant influence on currency values. Higher interest rates in a country can attract foreign capital, boosting the value of its currency. 2. Economic Indicators: Economic data releases, such as GDP, employment figures, and inflation rates, provide insights into a country's economic health. Positive data can lead to a stronger currency, while negative data may weaken it. 3. Political Stability and Economic Performance: Political stability and the overall health of an economy play a crucial role in currency valuation. Countries with stable governments and strong economic performance tend to have stronger currencies. Real-World Examples Example 1: EUR/USD and Interest Rates: Example 2: GBP/USD and Economic Indicators: Mastering the most vital forex fundamentals is essential for navigating the complex world of forex trading successfully. By staying informed about interest rates, economic indicators, political stability, and economic performance, you can make informed trading decisions and better understand the forces driving currency markets. With these fundamentals as your foundation, you'll be better equipped to seize opportunities and manage risks in the ever-evolving world of forex. 🌍📈💰 What do you want to learn in the next post?
COINBASE:BTCUSDEducation
by UnitedSignals
7
MS-Signal, HA-Low, HA-High, and trading strategyHello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (XRPBTC chart) In order to trade, you must select support and resistance points and proceed with the appropriate trading method. To do this, we work hard to analyze charts and apply them to trading. However, because of a one-time transaction made out of greed, there are often cases where the more you proceed with the transaction, the more you end up trading in the wrong direction. The only way to correct these wrong transactions is to sell 100%. It doesn't matter what criteria you use to select support and resistance points. As long as you can select reliable support and resistance points, you will meet the essential requirements for trading through chart analysis. For the rest, you can trade according to your investment style and trading strategy. Even if everything goes perfectly as planned, it's not easy to survive market volatility. Accordingly, we have no choice but to proceed with split sales in order to respond appropriately to market volatility. In order to proceed with trading like this, you must have support and resistance points and know how to create a trading strategy appropriate for them. This is because trading in the form of buying at a point that someone told you and selling at a point that someone told you is ultimately very likely to result in a big loss because you do not have your own investment style or trading strategy. Any indicator that shows support and resistance is fine. However, you just need to check the indicator in real time at any time to ensure the reliability of the indicator. The most important indicator on my chart is the MS-Signal indicator. This is because the trend is determined by which side holds the price based on the MS-Signal indicator. However, it is not easy to select support and resistance points using the MS-Signal indicator. Because it is made up of curves. So, we added several indicators to select support and resistance points. As a result, it was possible to proceed with trading by checking whether support or resistance was received at support and resistance points with the MS-Signal indicator. However, the problem was that its importance in playing the role of support and resistance was not that great. Therefore, these support and resistance points are used as split selling points after purchasing. So, the HA-Low and HA-High indicators were created to find the starting and ending points of trading. So far, only the HA-Low and HA-High indicators have been explained. I have not provided any explanation on how to create a trading strategy using this. Today, I would like to explain how to use this to create a trading strategy. HA-Low and HA-High indicators are not intended for chart analysis. It is an indicator created purely for the purpose of trading. Therefore, when the price touches these two indicators, it means that you are ready to proceed with the transaction. Therefore, you can start or end a trade depending on whether you receive support or resistance from these two indicators. The HA-Low indicator marks a point. Therefore, if it falls below the HA-Low indicator, there is a high possibility that the previous low will be renewed. Therefore, buying at the HA-Low indicator means purchasing or selling farming, that is, making a mid- to long-term investment. You may think that mid- to long-term investing means buying at a very low price and selling when the price rises to its peak, but this is not the case. The core of mid- to long-term investment is an investment method that seeks to obtain large profits with a small investment amount by controlling the investment proportion. If you mistakenly thought that this was a transaction where you buy with all your investment money at a very low price and wait until the price rises, you must change your thinking. If you look at the chart above, you can see a section where the HA-Low indicator has been touched but continues to decline. If you observe this closely, you can see that when it falls below the MS-Signal indicator and the MS-Signal indicator shows a downward sign, or when it falls without support from the HA-High indicator and falls, it leads to a further decline. Let me tell you something else here. In other words, I would like to talk about “I don’t know whether I am supported or resisted.” Knowing whether you are receiving support or resistance is a know-how that can be acquired through day trading. Therefore, in order to know whether you are receiving support or resistance, you must acquire your own know-how through day trading. Unless I change my mindset that I don't do day trading because I'm not good at day trading, I will always be dissatisfied with the average purchase price and proceed with trading. There are separate times for day trading. That time is now. The period of day trading is included in the series of processes that occur in order for companies or people operating large funds to sell their coins (tokens) in the process of realizing profits. After this day trading period, the coin market will experience great volatility and a full-fledged upward trend will begin, so if you do not practice day trading during the current period, it will take a long time until this cycle returns. You have to wait a period of time. Therefore, during day trading, it is necessary to put aside your greed and make constant efforts to earn even a small profit with a small amount of money. Once you can tell to some extent whether you are receiving support or resistance at the support and resistance points, proceed with buying at the HA-Low and HA-High indicators. However, since buying at the HA-Low indicator is a farming transaction, that is, a purchase conducted for the purpose of mid- to long-term investment, the purchase must be made aggressively, that is, with a small proportion of the investment amount. Therefore, since the purchase was made with a small proportion of the investment, it is useful to use day trading or short-term trading to increase the number of coins corresponding to the profit by selling the amount purchased. If you continue to trade in this way, you will touch the HA-High indicator. The HA-High indicator is a surge indicator, that is, an indicator that signals a full-fledged upward trend. Therefore, being supported by the HA-High indicator means that there is a high possibility of a large increase, so you should proceed with the purchase by increasing the proportion of your investment. However, in order to surge, there is a possibility of up and down fluctuations, so efforts are needed to overcome this. If you made an aggressive purchase using the HA-Low indicator mentioned earlier and purchased for the purpose of mid- to long-term investment, you can achieve psychological stability because the average purchase price is likely to be located at a lower price than the current price even if you purchased under the HA-High indicator. There will be. In addition, you can stabilize your psychological state because you can make a profit by selling what you bought at the HA-Low indicator near the HA-High indicator. I talked about something else for a moment earlier, but I'm going to talk about something else here again. The other topic this time is “How can I make my psychological state stable?” I'd like to talk about this. You can find out to some extent whether your psychological state is unstable or stable by checking whether you are sticking to the trading strategy you had in mind when you first made the purchase, i.e., weight control, split selling method, target point, etc. There is essentially no psychological disturbance before starting to buy. Therefore, before purchasing, you can plan your trading strategy from a third party's perspective. However, psychological agitation begins as soon as you start buying, and the psychological agitation increases due to price volatility. Therefore, in order to prevent such psychological disturbance, selling in installments is absolutely necessary. The timing of split sales must be changed as the transaction progresses to suit price volatility. Therefore, what you need to think about before proceeding with the purchase is the proportion of investment, the section to proceed with the purchase, the first sale section, and the stop-loss section before starting trading. As you can infer from what I mentioned earlier, the section to purchase is around the HA-Low and HA-High indicators. If you purchase at the HA-Low indicator, the first selling section will be around the HA-High indicator. If you make a purchase at the HA-High indicator, if the HA-High indicator also rises as the price rises, the area around the HA-High indicator that you meet next will be the first selling section. It is recommended to set a stop loss point when you have recorded a loss that you can personally handle. You need to be careful because selling when you are losing too much can increase the psychological agitation mentioned above, which can have a negative impact on your next transaction. Considering this, let's take the stop loss points on the HA-Low and HA-High indicators as an example. There are virtually no support or resistance points below the HA-Low indicator. If you are using an indicator that shows other support and resistance points, you can set the stop loss zone by referring to the support and resistance points. However, it is not easy to set up if only the MS-Signal, HA-Low, and HA-High indicators are set. Therefore, when purchasing at the HA-Low indicator, controlling the proportion of investment is very important. This is because it is most effective to reduce the burden of stop loss by controlling the proportion of purchases. Usually, it is recommended to stop loss when the price falls below the opening price on the day you started buying. That way, you can buy at the HA-Low indicator, which would have risen above the HA-Low indicator again the next day. Otherwise, the timing of the purchase will keep changing, which can act as a factor in increasing the average purchase price. The HA-Low indicator is likely to be formed below the MS-Signal indicator. Therefore, rather than buying near the HA-Low indicator to reduce the burden of stop loss, it is also useful to buy when the MS-Signal indicator shows the price maintaining. In such cases, the HA-Low indicator becomes the stop loss point. To start an uptrend, the price must be above the MS-Signal indicator, and the MS-Signal indicator must be indicating an uptrend. Therefore, you can understand these characteristics well and proceed with purchasing near the MS-Signal indicator. I mentioned earlier that because the MS-Signal indicator is a curve, it is not easy to select support and resistance points. To compensate for this, we have made it possible to check the M-Signal indicators of the 1D, 1W, and 1M charts on low time frame charts. You can use this to check whether there is support or resistance on the low time frame chart and proceed with the purchase. Looking at the current BTCUSD 1D chart, the HA-Low indicator is rising and forming at the current price position. Therefore, we can see that we have entered a period in which we can proceed with transactions by creating transactions in line with what we have discussed so far. Whether you buy when there is support near the HA-Low indicator or when the MS-Signal indicator switches to a bullish sign depends on your own investment style and trading strategy. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
INDEX:BTCUSDEducation
by readCrypto
1
Why Trading is like Strategic Gambling It’s a big debate that runs the financial market. Is trading gambling? Well I’m going to try put it to bed in just a few sentences. There are two types of gambling. Gambling by chance and total randomness like slot machines, lotteries, Bingo, Wheel of Fortune and flipping coins. And strategic gambling which allows you elements of control of coming out with a probabilistic chance of winning. I believe trading is a form of strategic gambling. Let’s talk about the similarities between certain strategic gambling games and see how we can learn from them with trading. Game #1: Trading and Poker: Skill, Strategy, and a Bit of Luck In poker, each player gets a unique hand of cards. To win, players must devise a strategy based on their understanding of the game, their observation of their opponents, and their willingness to take risks. Players can choose to play, bet or fold. The same principles apply to trading. Traders have their ‘hand’ in the form of markets to choose to trade. To yield profit, they must understand market trends, observe competitors’ behaviours, and manage risks. In poker, one needs to know when to fold and when to bet aggressively. In trading we have stop losses to get us out of the trade. We have take profits to bank our wins. We have volume choices of how much to buy or sell. And we have the choice to stay out completely. Poker also teaches the importance of emotional control and patience, which are crucial in trading, where emotional decisions can lead to significant losses. Game #2: Trading and Roulette: Understanding Probabilities Roulette is largely a game of chance where players bet on numbers, colours, or sets of numbers. You choose whether you want to bet on red, black, even, odd, specific numbers and so on… Although the outcomes are random, players can use probability to guide their decisions. In trading, while certain market movements can’t be predicted with absolute certainty, we rely heavily on technical, fundamental, statistical analysis and probabilities to make trading decisions. Trading, much like roulette, is where you need to diversify your positions and bets. But instead of placing chips on certain numbers, we place deposits (margins) in the hopes of a probable outcome. Game #3: Trading and Blackjack: Playing Against the Market (House) Blackjack involves strategic decisions, where players decide to ‘hit’ or ‘stand’ based on their current hand and the dealer’s visible card. The main goal is to try and get the cards we’re dealt to hit 21, be close to 21 or be closer to 21 than our opponent’s hand. Bet too high past 21 and you burn. In trading, technical analysis serves a similar purpose by predicting future market movements based on past data. Bet too high with trading and you stand to lose a lot more. And if you can’t count with Black Jack, then you have a much bigger disadvantage to the game. If you don’t have strong and stringent money management principles, then good luck trying to maintain, preserve and protect your portfolio. Game #4: Trading and Horse Racing: Know your horse! Horse racing involves choosing the right horse based on its: Form Characteristics Conditions of the race Weather on the day and other factors. This is like trading. You need to understand each market you trade. It has its own personality, form, movements, and style. You also need to know which market is conducive for your trading portfolio. And you need to choose the right stock or asset to trade based on its performance history, current market conditions, and other factors. In horse racing, experienced bettors also diversify their bets across multiple races and horses to spread risk. With trading we diversify our portfolios over different accounts, markets, sectors, instruments and types. Game #5: Trading and Sports Betting: Predictive Analysis and Risk Sports betting also works similar to trading. You need to know how to analyse a team’s or player’s form, weather conditions, home and away records, and more to predict an outcome. Whether it’s football, rugby or cricket – you need to know your team players, strategy and likelihood of who is to win what game. Traders also conduct similar analyses, studying companies’ financial health, market trends, and technical indicators to predict market movements. And as always, there are both risks that need to be calculated and managed for high probability successful outcomes. So next time when someone tells you trading is just gambling. You tell them, they are right but it’s strategic gambling rather than gambling by chance.
TVC:SA40Education
by Timonrosso
1
Learn the 4 Best Strategies to Maximize Your Profits Today In the today's article, we will discuss 4 classic yet profitable forex and gold trading strategies. 1️⃣Pullback Trading Pullback trading is a trend-following strategy where you open the positions after pullbacks. If the market is trading in a bullish trend, your goal as a pullback trader is to wait for a completion of a bullish impulse and then let the market correct itself. Your entry should be the assumed completion point of a correctional movement. You expect a trend-following movement from there. In a bearish trend, you wait for a completion of the bearish impulse, let the market retrace, and you look for short-entry after a completion of the retracement leg. Here is the example of pullback trading. On the left chart, we see the market that is trading in a bearish trend. A pullback trader would short the market upon completion of the correctional moves. On the right chart, I underlined the buy entry points of a pullback trader. That strategy is considered to be one of the simplest and profitable and appropriate for newbie traders. 2️⃣Breakout Trading Breakout trading implies buying or selling the breakout of a horizontal structure or a trend line. If the price breaks a key support, it signifies a strong bearish pressure. Such a violation will trigger a bearish continuation with a high probability. Alternatively, a bullish breakout of a key resistance is a sign of strength of the buyers and indicates a highly probable bullish continuation. Take a look, how the price broke a key daily resistance on a daily time frame. After a breakout, the market retested the broken structure that turned into a support. A strong bullish rally initiated from that. With the breakout trading, the best entries are always on a retest of a broken structure. 3️⃣Range Trading Range trading signifies trading the market that is consolidating. Most of the time, the market consolidates within the horizontal ranges. The boundaries of the range may provide safe points to buy and sell the market from. The upper boundary of the range is usually a strong resistance and one may look for shorting opportunities from there, while the lower boundary of the range is a safe place to buy the market from. EURCAD pair is trading within a horizontal range on a daily. The support of the range is a safe zone to buy the market from. A bullish movement is anticipated to the resistance of the range from there. Taking into considerations, that the financial instruments may consolidate for days, weeks and even months, range trading may provide substantial gains. 4️⃣Counter Trend Trading Counter trend trading signifies trading against the trend. No matter how strong is the trend, the markets always trade in zig-zags. After impulses follow the corrections, and after the corrections follow the impulses. Counter trend traders looks for a completion of the bullish impulses in a bullish trend to short the market; and for a completion of bearish impulses in a downtrend to buy it. Here is the example of a counter trend trade. EURJPY is trading in a bullish trend. However, the last 3 bearish moves initiated from a rising trend line. For a trader, shorting the trend line was a perfect entry to catch a bearish move. Such trading strategy is considered to be one of the most complicated, because one goes against the crowd and overall sentiment. With the experience, traders may combine these strategies. Try them all, and find the one that suites you the most. ❤️Please, support my work with like, thank you!❤️
Editors' picks
FOREXCOM:XAUUSDEducation
by VasilyTrader
38
Top 12 Trading Myths Busted! TRADING MYTHBUSTERSIt’s time we cut through the BS and noise and shed some light on the TRUE and REAL world of financial trading. I can’t believe the misconceptions and false ideas of trading are still making appearances. It’s time to educate yourself before you eradicate your account. So let’s debunk some common and dangerous trading myths. Myth 1: It’s a Get-Rich-Quick Scheme Trading has long been shrouded in the myth of transforming anyone into an overnight millionaire. But it’s an illusion. It’s what drives newbies and amateurs into the trading world. And then a few months later, when they realise what it actually takes to grow an account. They move to the next “best” thing. Trading is a forever life-style that requires ongoing discipline and patience through strategic planning, knowledge and presteen execution. And not to mention, it also involves periods of losses. There are no shortcuts to wealth in trading, it’s a journey, not a sprint! Myth 2: It’s Just High-Stakes Gambling Trading is a form of gambling. But strategic gambling. It’s not like pulling the slots machine and having a chance of being right or wrong. Or flipping a coin. No, trading has an element of risk and reward control. And it is based on nothing more than probabilities and comprehensive understanding of market trends, money management and analytical skills. Unlike gambling, which is based largely on luck. You have an element of control with the outcome. That’s through trading journals, back and forward testing and making stringent decisions. Myth 3: More Risk, More Reward Yes! If you risk more you’ll gain more. But when you risk more, you can also LOSE way more. With trading derivatives and leverage, you’re exposed to more than what you put in. Sometimes 10 times, sometimes 50 and other times 500. So, this alone should tell you how dangerous trading is. When your portfolio goes to 0 – due to high risk – That’s it. And many traders full port their accounts. And majority become the 98% losing stat of trading. Stick to low risk, low return. Keep consistent and the return will start adding up and you’ll reap the rewards in time. Myth 4: Only the Rich Can Trade The myth that trading is a club exclusive to the wealthy is just that, a myth. Decades a go, you would have needed thousands to start trading and investing. But no longer is that the case. Some brokerages don’t even have a minimum with trading. You can start off with a demo or practice account. As long as the competition and innovation picks up, trading will be cheaper, faster and more accessible. Myth 5: Trading is Only About Buy low – sell high Although this seems like a logical strategy. It’s not the only way to profit. Trading techniques like short selling allow traders to profit from falling markets. Not only can you buy low and sell high. You can also sell high and buy low. Myth 6: More Trades Equal More Profit Trading isn’t a game of ping pong. You don’t just play as many times as you can in a day, to profit. First, Overtrading can lead to rushed decisions, increased transaction costs, and significant stress. Patience often plays a crucial role in a trader’s success. And second, it all depends on the market environments. If the market is not trending, you can go long or short and still lose every bet. Rember you still have to let the market move up or down a bit to make up for the trading costs! And so you’re already at a disadvantage when you take a trade. Sometimes the best move is to sit on your hands. Neutral is also a position and a powerful position during certain periods. Myth 7: Successful Trading Means Winning Every Trade Even the most successful traders get knocked down by losses. It’s the nature of the trading game. What matters is the net outcome over a period of time. Your job is to make sure the losses are small and the gains are bigger. That way, even with a 50% win rate you’ll win and the profits will outweigh the losses in the long run. Myth 8: Complicated Strategies Yield Better Results You’ve heard of analysis paralysis right? When you literally plant so many indicators on your chart it looks like a Jackson Pollocks Christmas Tree painting. Complication does not equate to success. You’ll learn that: Too many indicators will conflict with each other. You’ll struggle to back test a system. You’ll struggle to find high probability trades. You’re making it more complex than it needs to be. And most important… You need to learn to KISS (Keep It Simple Stupid). Often, the best trading strategies are the simplest. What’s essential is understanding your strategy thoroughly and executing it consistently. Myth 9: You Need to Monitor the Market 24/7 Thanks to stop-loss orders and other automated tools, you do not need to be glued to your screens all day. The most important attention you’ll need to apply is trading layout, setup and execution. Once you’re done and the trading levels are in place. Go live, do something else. Don’t be a nerd. Enjoy life. Trading requires attention, indeed, but a healthy balance is crucial to maintain clear-headed decisions. Myth 10: Markets Are Always Rational Markets, unfortunately, aren’t always rational. Just like you learn in school. There is ideal and real ways of the world. Sometimes, the market is one clusterfreak of confusion. Correlations don’t work according to the book. Trends don’t match up the micro and macro analyses of companies. Good news doesn’t mean strong uptrends. Markets are run by many, many, many other factors. They can be swayed by demand, supply, algorithms, Smart Money, greed, panic, emotion, rumor, and corruption and manipulation. This will lead to price distortions. There is a famous quote attributed to Great Depression-era economist John Maynard Keynes – “Markets can remain irrational longer than you can remain solvent”. Myth 11: Brokers Want You to Lose Money Yes there are a ton of brokers who make money when you lose. But reputable, credible and top regulated brokers – do NOT want you to lose. They make their money from brokerages, spread and from trading volumes. They want you to succeed and grow. Because if you blow your account, they lose a client. Hence, when brokers approach me I always tell them the importance of education, guidance and helping them SUCCEED. Myth 12: Once a Successful Trader, Always a Successful Trader Market conditions, strategies, and personal circumstances change. If you want to be a successful trader and remain one it requires constant learning, adaptation, and diligent risk management. This includes me! Despite how long I’ve been in the markets, I treat each day independently. I follow my system, risk management rules. I look for future opportunities and prospects to improve my trading, platform, journals and even testing. This is forever an alive game that requires action. We are always learning, growing, improving and adapting. Like they say, past success doesn’t guarantee future profits. Let’s sum up the 12 common Trading Myths: Myth 1: It’s a Get-Rich-Quick Scheme Myth 2: It’s Just High-Stakes Gambling Myth 3: More Risk, More Reward Myth 4: Only the Rich Can Trade Myth 5: Trading is Only About Buy low – sell high Myth 6: More Trades Equal More Profit Myth 7: Successful Trading Means Winning Every Trade Myth 8: Complicated Strategies Yield Better Results Myth 9: You Need to Monitor the Market 24/7 Myth 10: Markets Are Always Rational Myth 11: Brokers Want You to Lose Money Myth 12: Once a Successful Trader, Always a Successful Trader If this was helpful let me know in the comments!
TVC:SA40Education
by Timonrosso
1
Initiation. Accumulation. PumpHow to trade coins after listing? Here is logic of IAP model BINANCE:APTUSDT When people get tokens after airdrop or launchpad, most likely on first candle we will see seller pressure. This model works in general only for fundamental projects, where even people who get tokens for free will hold it for long term. Because we got a lot of examples when this model doesn't work and price crashed under listing price. Also we need pay attention in what market period we see this listing. Because if it's a beginning of bear market this model most likely also will not works. Initiation - Formation price imbalance in the broad price range at the time of listing coins can be interpreted as an initiating impulse, who doesn't leave fair traded price zones on ways of its formation and in here will be be nearest target. We can use Fib from the bottom to the top candle before correction or just count only body of first Daily close candle. Accumulation - Price reaction to price imbalance initiating impulse is a direct indication of the presence or lack of accumulation character on the chart. Zones for accumulation before pump will be classic 0.618 / 0.71/ 0.86 levels by fib. Pump - last stage of this model is a Pump, minimal target for this trade can be -0.27 and -0.618 level by fib where you can fix profit. On this example with Aptos it was over 500% pump. After pump depends of market stage and cycle price can continue parabolic move up or correction again to 0.5 or 0.618 level by same fib. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Education
by Crypto4light