Get ready for an exhilarating adventure as we unveil the intriguing disparities between two titans of the financial world: the Stock Market and the Forex Market. These dynamic arenas captivate the attention of traders and investors alike, each offering a unique tapestry of opportunities and challenges. Join us on an exhilarating exploration of 27 key differences...
Here's a quick and comprehensive guide on how you can read currency pairs as a forex trader! As usual my objective is to simplify all aspects of trading, so that even someone who has never seen a chart before, can make sense of the topic at hand. Let's get into it - Currency pairs are a combination of 2 different currencies and we can trade them based on how...
Introduction: The World Reserve currency is a currency that is widely used in international trade and finance. It is held by central banks around the world as part of their foreign exchange reserves. The United States dollar (USD) has been the world reserve currency since the end of World War II. In recent years, there has been growing interest in Bitcoin as a...
Regardless of experience, every trader needs a plan. The key factors that can help the transaction become safer, they are the necessary strategic minimum requirements to ensure stable income and avoid unpredictable losses. Why Do Traders Fail? Let's take a look at the top reasons why traders lose money: Trading is a complex process. Trading strategies require...
On Day 1, a trader is just a passenger in a car that is controlled by others... This journey is so common that when people realize others are doing the same thing, they don’t feel so alone. I have talked with thousands of traders through the years and the vast majority of them experience this journey just as I have. Most start out so pissed off with life that...
Hello traders, I have just placed a trade this morning on the GU, but I'm stopped out, my stop was hit. Maybe you copy the trade, and you have been stopped out too,. Don't worry, you will make your money back soon. This is inevitable in the forex business. Not only in the forex but also in any business. There will be a time for loss, and there will be a time for...
“TO TRADE, OR NOT TO TRADE A SINGLE CURRENCY PAIR. THAT IS THE QUESTION…” 🧿MULTIPLE CURRENCY PAIRS Easier to recover from losses on a given currency pair Less likely to experience not seeing any setups for a whole day/week Better understanding of pair correlations required Can be more distracting 🧿SINGLE CURRENCY PAIR No risk of trading correlated...
Hey traders, Here is the list of topics that you must study in trading to trade like a pro. ▪️Price Action ▪️Trading Psychology ▪️Trend Lines ▪️Fibonacci ▪️Breakout Trading ▪️Fundamentals ▪️Key Levels ▪️Supply & Demand Zones ▪️Risk Management ▪️Candle Patterns ▪️Chart Patterns ▪️Supply & Demand ▪️Fundamentals ▪️Risk to Reward Analysis ▪️Technical...
🌟Mistakes in trading are inevitable, but it can also be a valuable growth experience. Everyone is likely to make a mistake at some point, whether it's forgetting to set a stop loss or missing some important news, but you can turn a mistake into a positive situation by using it as an opportunity to learn and become better at your style of trading by not making...
⚙️STOP ORDER This one is better to be explained with the examples: These orders can be used for trading breakouts. If you thought the EUR/USD would rally further after a move above the 1.1500 level, you would place a buy stop for entry at 1.1501. As the market printed 1.1501, your buy stop would become a market order and be filled at the next best price...
“TO TRADE, OR NOT TO TRADE A SINGLE CURRENCY PAIR. THAT IS THE QUESTION…” 🧿MULTIPLE CURRENCY PAIRS Easier to recover from losses on a given currency pair Less likely to experience not seeing any setups for a whole day/week Better understanding of pair correlations required Can be more distracting 🧿SINGLE CURRENCY PAIR No risk of trading correlated...
in this video we simplify the option trading for short term traders. in this video we make it simple How to find the direction of market How to took a trade when and why to took a trade Risk Reward Ratio
Why do we hope to sell the cable today? The price has for me a semi-classic pin bar at the key level resistance area which is signaling a weakness on the side of the bulls. Historically, the price has never been able to make a new high. There has never been any attempt to break the resistance level of 1.1965. Stop Lose: 1967; Take Profit: 1.1833; Secnd Take...
Hey Guys! Here are some characteristics of currency pairs that I noticed over the years. Perhaps it'll help you find the pairs that best fit your trading style, or perhaps you can use this information as an add-on to your current strategy. Gbp/Usd - Tends to overshoot key levels. - Can use to get better risk/reward. Both on entries and targets. - Can expect...
Hey traders today I wanted to go over the best Seasonal Patterns in the Austrailian Dollar Futures Market. The Austrailian Dollar futures and forex follow an annual seasonal pattern with is also correlated with Gold during the year . Knowing when to find these seasonal patterns on your charts can really benefit us in our trading of the Austrailian...
Hey traders today I wanted to go over the best Seasonal Patterns in the Euro and US Dollar Futures Market. The Euro and US Dollar futures follow an annual seasonal pattern which can show signs of strength and weakness certain times during the year . Knowing when to find these seasonal market patterns on your charts can really benefit us in our trading of the...
Here the first part of the lesson: How do interest-rates effect the market and how do I find good pairs to trade? The market offers you 5 main asset-classes: 1️⃣ Bonds 2️⃣ Stocks 3️⃣ Commodities 4️⃣ Metalls 5️⃣ Financials What we want to indeifity as a trader is the cashflow, means where big players are buying or selling. They don`t buy breakouts or an...
With my previous post with the 2007-2008 theme making it to the front page, I decided to make another with a similar topic. A stock market crash causes all markets to get volatile and moving. This is why a currency trader will keep an eye on other asset classes to keep track of where money is going or where it was and has left. Since I don't think the next crisis...