Fibonacci retracements in technical analysis of various assets use a mathematical sequence discovered by Italian mathematician Leonardo Fibonacci. This sequence is a series of numbers where each number is the sum of the two preceding ones: 0, 1, 1, 2, 3, 5, 8, 13, 21, and so on. In stock trading, Fibonacci retracements are used to identify potential levels of...
Hello Trader
Today we have to talk about financial knowledge, how important is it to have financial knowledge and whether can it make us financially free.
Let's begin,
Everyone needs money to survive. Financial planning is the process of managing your money wisely to achieve your financial goals. It involves planning your future finances keeping in mind your...
📍H&S are Reversal Patterns
📍They Must Precede an uptrend
📍The Return moves back to the Neckline must happen before the price tapped into a strong Support zone.
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Use any economic calendar to monitor news releases. (forexfactory, myfxbook).
Below is how I adapt to news when trading my personal edge, including the pairs GBPUSD, EURUSD, AUDUSD and XAUUSD in my times. If you have tested pairs with other currencies, for example with CAD etc, make sure to be aware of related news there too.
Which news do I adapt to:
💀...
Stock picking is the core of value investing. Legends like Warren Buffet, Rakesh Jhunjhunwala, and Vijay Kedia are Masters of It.
In this post ,l will teach you how to analyze stocks like a professional.
Stock picking plays a pivotal role in identifying undervalued companies with significant growth
potential.
Here are 7 points to check before investing in any...
First off thanks for 500 followers, seems people like my Ninja Talks, so I'll keep um coming.
In today's episode I want to talk about two types of anger traders go through in the market, one makes you win and one makes you lose.
* Anger Numero Uno
The first is pure rage, complete emotionality and it's what the majority of traders even seasoned pros know very...
It appears that a bull market has taken hold in the US market, as evidenced by the remarkable rise of the S&P 500 index, surging over 20% from its October lows. Adding to this favorable outlook, the Federal Reserve has finally implemented a much-anticipated pause in the cycle of interest rate hikes.
With the shift in market sentiment from bearish to bullish,...
There's a completely logical but not often used "technique" (if you can call it that) I see only very experienced traders use.
When I do it I can understand why very few people actually stick to it.
Yes it's profitable.
Yes it will make you money both in the short term and the long term.
But you will feel extremely uncomfortable.
The technique I'm talking...
Investing in the stock market has the potential to generate substantial wealth over the long term, although it comes with inherent risks. One notable obstacle that investors frequently encounter involves safeguarding their capital during periods of declining stock prices. When the market undergoes a downturn, the inclination to panic and sell off investments to...
A Bambi's biggest trading obstacle in 2023 will be over trading in a bear market, especially the crypto kiddies looking for their next pump.
This is why you have to restrain from whoring yourself out to the market in the hopes of making a quick buck.
We call this, monk mode.
Not the whoring, the opposite.
Monk mode is abstinence from indulgence and has been...
Why I don't recommend day trading stocks in Taiwan?
"Using TSMC as an example for trading explanation"
Using a "valid", "stop-loss", "almost daily trading" short-term stock trading strategy for day trading or swing trading, the results are as follows:
1. Use a positive expected value trading strategy and follow discipline to take profit and stop loss.
2....
There are a lot of myths surrounding investing. Some say that it is too complicated for a beginner, and you can't figure it out on your own. Others portray the image of a successful investor who travels all the time and does almost nothing. So, let's find out how things really are.
What Is Investing?
Investment is the long-term investment of funds, finances and...
Doesn’t it feel almost inevitable?
That in the near future we’ll be able to trade shares 24 hours a day, five days a week?
Well, during the last week, I’ve been wondering what the future of trading will look like and what we need to prepare for.
In this article, we’ll go through the practicalities of trading 24hour markets and what you may need to prepare...
“What's the difference between a pro and an amateur? Professionals look for what's wrong with a setup. Amateurs only look for what's right.” - Mark Harila
Meaning : When you get to the point of being a professional trader, you look more for errors than anything else. Amateurs often fail to do that.
JS-Masterclass #4: What to look for during a Bear Market Correction?
Many undisciplined traders have suffered significant losses during the current bear market correction. Professional and disciplined traders are staying on the sidelines and preserve their hard-earned capital while waiting for better times.
The good news is that every bear market will eventually...
“As much as possible you don’t want to be well paid merely for taking big risks. Anyone can manage that. You want to be well-paid because you did your homework.” - Joel Greenblatt
Meaning : Being risky doesn’t pay off. What really pays off is researching what you’re trading and setting yourself goals.
“Traders need a daily routine that they love. If you don't love it, you're not gonna do it.” - Scott Redler
Meaning: A truly inspiring trading quote to remind you that you need a trading style that fits in
Hi there,
i have been sharing the chart patterns which are seen on any type of price charts. (CANDLESTICK CHART) and after research and experience, i see that the price move via various ways or concepts.
as per my experience, i see that the price move via waves & correction, and react to supply and demand levels. please share it and one may need it. and this is...
