When it comes to trading XAUUSD (Gold/US Dollar), there’s no one-size-fits-all strategy. The “best” approach is highly individual, depending on your trading style, risk tolerance, and personal preferences.
In this article, we will explore four popular trading strategies for XAUUSD:
Trend Trading
Breakout and Retest Trading
Swing Trading
Scalp Day Trading
We...
Welcome to our comprehensive tutorial on placing and utilizing Gann Fans. In this step-by-step guide, we'll dive into the practical aspects of Gann Fans, a powerful tool for assessing non-horizontal support in resistance for technical analysis. We will thoroughly explain how Gann Fans are placed and what pitfalls to avoid when placing them. Whether you're new to...
Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Have you ever wondered what it takes to be a good and profitable trader? Have you wondered how long it will take before...
Becoming the consistently successful trader you aspire to be requires the creation of a new version of yourself, akin to a sculptor crafting a model. The attainment of financial success is a byproduct of acquiring and mastering specific mental skills. Embracing the mantra "I am a consistently successful trader" entails prioritizing consistency over any other...
DAY TRADING WHILE HOLDING A 9-5 JOB
Embarking on the exciting journey of day trading while managing the demands of a full-time job is indeed a challenging yet achievable endeavor. Thanks to the rise of user-friendly mobile applications offered by trading platforms, individuals now have the power to execute trades seamlessly from various locations. This creates...
🔹 INTRODUCTION
A prevalent saying in the trading world is that you need high volatility to make money in the markets. However, this statement needs to be more accurate. While high volatility is, in fact, necessary, it is very much based on perspective, and there are many cases where an extremely volatile market will be your downfall.
🔹 UNDERSTANDING THE...
The Diamond pattern, an often-overlooked gem in technical analysis, holds the potential for substantial profits.
💜 If you appreciate our guides, support us with boost button 💜
Despite its rarity, this unique pattern can be a valuable asset for traders. In this article, we'll explore the essentials of the Diamond pattern, from its formation principles to...
In this article, we delve into the intricacies of the Springboard Effect of Fibonacci Retracements , drawing parallels between the trading world and the physics of a springboard.
💜 If you appreciate our guides, support us with boost button 💜
The Springboard Analogy:
Imagine a scenario with four different springboards, each with varying degrees of...
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
DRC stands for Daily Report Card
To be all transparent I adopted this from smb capital. Credits and Kudos to them.
I used it and did some modifications to suit my purpose. So you can do the same to what I have over here and modify according to your requirements.
The...
In derivatives trading, achieving success can lead to substantial profits, but it's crucial to trade carefully to avoid costly mistakes.
💜 If you appreciate our guides, support us with boost button 💜
Here are six simple and practical tips to help develop a strategy for successful futures trading.
1. Craft a Clear Trade Plan
Before jumping into the...
Today i explained to you guys the basics of the luftwaffe strategy and how to trade when you see a LUFTWING candle. Thanks so much for your time guys...
The AB⚡️CD pattern is a highly effective tool utilized in trading to identify potential opportunities across diverse markets, including forex, stocks, cryptocurrencies, and futures.
💜 If you appreciate our guides, support us with boost button 💜
This pattern takes the form of a visual and geometric arrangement, characterized by three consecutive price swings...
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...
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
To be a profitable, consistent and successful trader, I have yet seen anyone of them without a trading journal. This shows how important a trading journal is to a trader and the values it can bring to them.
So, without further ado, let's see what we should look at and...
In the vast expanse of the currency market, where fortunes are made and lost in the blink of an eye, understanding the multifaceted risks is crucial. Beyond the charts and technical indicators lies a force often underestimated — geopolitical risk. In this exploration, we unravel the intricacies of geopolitical risks and delve into the political factors that cast a...
In the dynamic world of forex trading, strategies that cater to the ever-changing market conditions are invaluable. While fundamental analysis is widely embraced in stock trading, its effectiveness in the forex market is often questioned. Unlike the stock market, where financial statements can significantly impact individual stocks, the forex market is influenced...
Venturing into day trading promises the thrill of rapid profits, but it's a realm that demands caution and strategic acumen, especially for beginners.
💜 If you appreciate our guides, support us with boost button 💜
To pave the way for success, this article provides 10 crucial tips, emphasizing the need for education, meticulous planning, and an unwavering...
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
1. Market Psychology and Greed/Fear Dynamics
Trader psychology plays a significant role in market movements. As prices rise, greed may drive buying, causing the market to become overbought (likewise when market is down). Eventually, fear sets in as traders worry...
![BRK.A: [EDU]Doing this will Massively improve your Trading!](https://s3.tradingview.com/e/EVz3oziT_mid.png "[EDU]Doing this will Massively improve your Trading!")
![EURUSD: [EDU]How to Evaluate your 2023 Trade Journal and performance?](https://s3.tradingview.com/k/kcskWdTP_mid.png "[EDU]How to Evaluate your 2023 Trade Journal and performance?")
![EURUSD: [EDU] Why doesn't Market goes in a straight line? 3 Reasons Why](https://s3.tradingview.com/a/Afk2XUL3_mid.png "[EDU] Why doesn't Market goes in a straight line? 3 Reasons Why")