Hey! When we all started we passed trough some difficulties in trading.
Usually we face this problems during first year of trading. Most of people by the end of year losing all of money and quit trading forever.
Basically this caused by overtrading and having no idea what to do. Like many business in our lives trading require some abilities and technics which...
" Many are called, but few are chosen ". Ever heard this proverb?
This is certainly true for trading, in fact, there is even a rule in trading about this, the 90-90-90 rule. So what does this rule say?
" 90% of traders lose 90% of their money in 90 days "
😱😱😱
That's right, statistics show that 90% of people who start trading lose the majority of their money in...
In this post, I tried to show you the most important Candlestick Reversal Patterns of Technical Analysis with Entry points & Stop loss points . you can use these patterns for Triggers of your traders at any timeframe ⏰ (These patterns are more valid at higher timeframes).
Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends,...
Just passing this cool info written by a guy called Ben Carlson.
- Ben discusses the differences between probability and certainty:
"There are two arguments I see on a regular basis that show up as a result of data overload:
…because that’s never happened before.
…because that’s what’s always happened before.
-The problem with this line of thinking is that...
Hello, Let us talk about 'Parabolic SAR.'
On this chart: We will read about who developed it, how it works, and how it helps us.
Those who read the book called 'New Concepts in Technical Trading Systems' know that Parabolic SAR was developed by J. Welles Wilder Jr. and published in 1978.
Who is J. Welles Wilder?
He is the creator of several technical...
Many people think that trading is just a technical analysis.
If not! Carefully check the pyramid above and read the description.
If you also have experience with trading success, share it in the comments. Thanks !
In this video I show you how to properly use TradingView's Fibonacci Tools.
Using gold as an example, we will go into the Fibonacci Retracement and the Trendbased Fib Extension Tool.
Have a great evening and a profitable day.
RT
When it comes to Elliot Wave Theory, we know of two different correction patterns .
On the left you can see the classic correction, which is less common in real market situations. On the other hand, the flat correction (right) occurs more frequently in the market, since modern price action is often characterized by fakeouts . In this case, a fakeout looks...
There are two types of people: people who will read through this entire post and put themselves on a life-changing path towards generational wealth by understanding the essence of investing, and people who simply won't read this post. This post may be lengthy and abstract, but I guarantee you that comprehending the concept of what it means to invest, and how to do...
Its the buzz words and hot topic of the moment! PROP FIRMS
Before I start on this topic I want confirm I am a funded trader. This post isn't to promote this style of trading or prop firms.
I am writing this post for those who may not understand what a prop firm is and to share my own experiences on the route to being a funded trader.
What is a prop firm?...
An Overview of Bull and Bear Markets
The terms are simple but their causes are incredibly complex
In the investing world, the terms "bull" and "bear" are frequently used to refer to market conditions. These terms describe how stock markets are doing in general—that is, whether they are appreciating or depreciating in value. And as an investor, the direction of...
If there is one thing to remember, it's that life is precious.
What may appear to be a setback is really a stepping stone towards
a better tomorrow. That's the one thing that really separates us from the
animals. They are not aware of the the Future. They have instincts built into their
complex physiology. This is also what makes them innocent. But awareness of...
Everyone always asks when they start out "which pairs should I choose to trade with" as there is a long list of currencies. So let's break it down:
1. The currency market is the most liquid market place in the world, but that's not the case with ALL currencies. In fact, the US Dollar is involved in around 90% of all trades that occur in the market and therefore...
What is gold forex trading?
Gold forex trading is the term used to talk about the ways you can gain exposure to gold via FX markets. Instead of buying and selling the precious metal, or speculating on its price using futures, you can trade it as a dollar-denominated currency pair or via gold-linked pairs.
As historically gold was used as a currency, it’s not...
12 tasks of trading which include:
1. Self-analysis to determine if you are in a state of mind to trade
Prior to starting your trading day, it is very important to make sure you are in the correct state of mind to trade. You need to analyse yourself and make sure you are at the best state of mind to avoid mistakes in the markets. You cannot finish fighting...
Focusing on winning trades is your setback as a beginner
Every individual begins their trading journey with the idea that trading is all about winning trades and making money. Soon after their dreams are shattered when they realise it was not as easy as they had thought it would be. Now as we all know, the road to success to many is long and difficult, and that’s...
1 Cryptocurrency is volatile
If you are the one who is constantly following the cryptocurrencies then, you will be able to notice how volatile they are. As virtual trading occurs on various cryptocurrency exchanges rather than a central exchange that indeed leads to an increase in the volatility rate. This is one of the cryptocurrency secrets that you must know...
Focus on one single trading strategy
One thing that many people try and do is switch between strategies constantly. This is setting you up for failure, and if the concept of probabilities is truly understood, you will comprehend the reasons why a single strategy will work.
Any strategy is not going to have a 100% win rate, so first you should attempt at getting...
