Hey traders,
In this post, I will share with you my tips for trade management in Forex trading .
But first, let me elaborate on what is exactly a trade management .
Trade management is the set of rules and techniques applied for managing of an already active position.
Trade management is a very important element of any trading strategy that should...
One of the biggest mistakes a trader can make is to neglect the aspect of risk management. In this video, I divulge the most pivotal lesson I’ve gleaned from my experience in trading. During the initial years of my trading journey, I disregarded the importance of risk management, which proved to be detrimental in a significant way. The watershed moment of my...
Traders,
The market is designed to confuse retail traders, the reason for that is they know 95% of you enter these markets with no plan. You’re not aware of the levels, you’re not charting the pairs you trade, and you lack the basic skills to manage your money and your risk. You need to have a plan before you enter a trade, you need to have a strict set of rules,...
Trading forex? Stop gambling with your capital! This video exposes the massive mistake new traders make - using inconsistent lot sizes. It's a recipe for disaster, blowing accounts and crushing dreams.
But there's good news. Discover the secret weapon of successful traders: consistent lot sizing.
In this actionable video, you'll learn:
Why fluctuating lot sizes...
Hi.
✅Using technical analysis and fundamental analysis at the same time:
By combining technical and fundamental analysis, you pay attention not only to the patterns and behavior of price action traders in the past, but also to the fundamental and economic factors that act as the driving engine of market movements (macroeconomics). Together, these two approaches...
Yesterday I wrote about a beautiful chart pattern that was forming on the Bitcoin daily time frame that ended up failing not long after I wrote the post. That kind of thing will shake a trader to their core, especially if they thought it was going to play out, but ended up losing their shirt.
This is why it is important to set stop losses, so that if the trade...
I am pleased to introduce a robust long-term strategy that seamlessly combines performance with an enticing risk profile.
This strategy involves strategically investing in ETFs indexed on the S&P 500 and ETFs backed by physical gold. Let's delve into the rationale behind selecting these two assets:
S&P 500:
1. Automatic Diversification: Instant exposure to a...
Embracing Risk Management in Forex Trading:
In the world of forex trading, embracing risk management is an integral aspect of achieving long-term success and preserving your capital. Implementing effective risk management strategies is essential to navigate the inherent uncertainties of the forex market. Let's explore some key principles of risk management in...
The reward to risk ratio (RRR, or reward risk ratio) is maybe the most important metric in trading and a trader who understands the RRR can improve his chances of becoming profitable. Basically, the reward risk ratio measures the distance from your entry to your stop loss and your take profit order and then compares the two distances. Traders who understand this...
What is Risk-Reward Ratio?
The risk-reward ratio is a ratio used in investing that compares the potential profit or gain of an investment to the potential loss or risk that it poses. This ratio is often used to determine whether an investment is worth pursuing or not, and can be a helpful tool in managing risk.
The risk-reward ratio is typically expressed as a...
Profit fixation
There are three main profit-taking strategies:
1. Fixed RR (1:2, 1:3RR).
2. High RR (1:10RR and above).
3. Partial profit taking.
Fixed RR.
When trading with a fixed RR, the trader ignores the situation on the chart and places a take...
Practical advice for a novice trader
- It doesn't matter what size of the deposit you have, start gaining experience with symbolic sums: $10/50/100, as you gain skills, you can increase the deposit, but be prepared to lose. In addition, with such an initial deposit, the logic of the behavior of market participants will open up to you.
- Do not invest in trading...
Spot trading can yield high returns, but it’s crucial to have a well-defined strategy in place before diving in. This entails analyzing the project, determining the size of your entry, and devising contingency plans in case of unforeseen circumstances.
In this article, we’ll discuss our approach to spot trading and share our insights with you.
Before entering...
This is an event that has spread all over the real and virtual space these days
I am better than you, more beautiful than you, smarter than you
But the reality is something else
But we know the truth!
You and I are human, we have our merits and demerits, we all lied, we were all kind, we were both good and bad!
we are equal ..
With this introduction, I wanted to...
In this educational article, we will discuss the hidden costs of trading.
1 - Brokers' Commissions
Trading commission is the brokers' fee for opening a trading position.
Usually, it is calculated based on the size of the trade.
Even though most of the traders believe that trading commissions are too low to even count them, the fact is that trading on...
A new trader, let's call her Sarah, has just started trading in the crypto market. She has been reading articles and watching videos about trading, but hasn't taken the time to develop a solid trading plan, or to gain a good understanding of the markets and underlying assets she is trading.
Sarah sees bitcoin's value is going up, she doesn't do any further...
In part 2 of this series, we discussed the probability of a coin flip and how the odds that you land on heads "x" number of times in a row significantly decreases each time the coin is flipped. Therefore, it is important to understand the difference between "the probability the chart goes up or down" and "the probability that you (the trader) find yourself in...
⚠️FOMO, or "fear of missing out," is a common emotion that can lead to impulsive and potentially reckless trading decisions. ⚠️
✅Here are five key rules to help you respect and manage FOMO in your trading:
🔵 Use risk management techniques.
Proper risk management is critical to successful trading. This includes setting stop-loss orders to limit potential losses...
