I feel this post is well overdue, and considering the current market standing in cryptocurrency it couldn't have come at a better time.
Today's post will be an eye opener for many, and others common knowledge. I hope you guys gain a lot of value from my insights and use this to your advantage in the markets.
The following educational post relates to the trader...
Why You're Failing as a Harmonic Trader
There is an overwhelming amount of traders out there who are using harmonic patterns in the completely wrong way, I would like to address these issues individually to help all of the new traders out there who may not be aware of these mistakes.
1. Using the wrong ratios for each pattern.
The most common issue with...
Powerful Daily Affirmations to Transform Your Trading
Daily affirmations are a widely practised method for attaining success and accelerating your ability to achieve goals.
The following affirmations are not stated for a sudden spark of inspiration, I want you all to take action and keep this positivity flowing throughout your entire trading journey.
I want...
How to Use Fibonacci Retracements
I'm back with another educational post after receiving a lot of requests and today's lesson is on how to use Fibonacci retracements.
I've used a recent market example with NZD/USD to break this down for you.
Let's get straight into the finer details before breaking down each section of the chart shown.
Fibonacci...
Money Management in Forex
I personally feel these are the 10 most important rules to follow, especially as a beginner in order to become a consistently profitable trader. You can refer back to these rules whenever you feel lost or confused about what’s going wrong with your trading.
1. Set a maximum risk percentage per trade.
2. Never let a winner turn into a...
“Compound interest is the eighth wonder of the world. He who understands it, earns it... He who doesn’t... Pays it” .
The idea of compound interest is simple, use your profit to make more profit instead of spending it... You can do this whilst making small regular withdrawals!
BUT
Too many traders try to get-rich-quick and in turn blow their trading...
What is Intermarket Analysis?
Intermarket analysis is a relationship, or a measurable correlation between four major asset classes: stocks, bonds, commodities and currencies.
The majority of forex traders assume that currency markets move in isolation from all the other capital markets... This is entirely wrong as the foreign exchange market underlies every...
Forex Trading Myths & Misconceptions
Quite a controversial topic as every trader has a different opinion, but to me these are the most believed forex trading myths and misconceptions.
This simple post is aimed at all of the beginners on the platform, I would have saved myself a significant amount of time and money if I'd understood the following when I first...
The Three A's
It is a known statistic that over 90% of traders fail and I covered the three main reasons why in my previous educational post (shown below).
Now that you know the main reasons why traders fail, it's time to lay the foundation for successful trading.
This can be structured and defined by something I call the three A's.
#1: Approach...
Three Reasons Why Most Traders Fail
Hello traders, I'm back with another educational post after receiving a lot of positive feedback. Today I'm going to break down three reasons why most traders fail!
Traders Fail?!
Yes most do, it is believed over 90% of new traders fail (this is an ongoing debate) but why is that? I personally believe it comes down to...
Utilising a Risk to Reward Ratio
How many of you obsess over an 80% profitability rate? You may feel the need to be right all the time and cannot accept a large amount of losing trades.
OR
You may think in order to become a profitable trader you need to win more than you lose.
Well it's time to put that aside.
You do not need to have a high profit/loss...
How to Trade the AB=CD Pattern
Hello traders, following up from my previous educational post I received several requests via private message for my take on the AB=CD pattern.
This structure represents the basic foundation for all harmonic patterns, it is one of the classic chart patterns which is repeated over and over again.
It was developed by Scott M....
How to Trade the Inverted Head and Shoulders Pattern
Hello traders, following up from my educational post on the Head and Shoulders pattern I felt I should provide you with the bullish equivalent... The Inverted Head and Shoulders pattern.
Featured on the chart is an illustration of a complete Inverted/Inverse Head and Shoulders pattern including the rules I...
Trader Questionnaire
The purpose of this post is boost your overall confidence as a trader, to show you how much you have achieved since the beginning of your journey.
A personal assessment review is an excellent way to outline your personal beliefs and expectations of trading in general.
Write down your own answer to each individual question and review these...
10 Rules of Successful Trading
I personally feel these are the 10 most important rules to follow, especially as a beginner in order to become a consistently profitable trader. You can refer back to these rules whenever you feel lost or confused about what’s going wrong with your trading.
1. Stick to one strategy, and master it.
2. Plan your trade, trade your...
How to Trade the Head and Shoulders Pattern
Hello traders, following up from my previous educational post I received several requests via private message for my take on the Head and Shoulders pattern.
Featured on the chart is an illustration of a complete Head and Shoulders pattern including the rules I personally use to trade it.
This is an easily...
"Master your emotions and you'll master the market"
Hello traders, after receiving a lot of positive feedback from my TradingView educational posts I thought today I would break down a subject on trading psychology with the 14 stages of investor emotions.
Learning how market cycles operate can be extremely beneficial to your trading, understanding the true...
Support and resistance acts as a barrier from preventing the price of an asset from getting pushed in a certain direction. It is one of the more difficult concepts within Technical Analysis, there are various ways to identify these price levels, and even after identified, there are plenty of ways of integrating and trading with them.
Today I'm going to simplify...
