I vividly remember how I started to trade 8 years ago, how I was learning, and the things that I was doing.
Contemplating my old self, I notice a dramatic shift in my mindset in regard to trading.
Staring at the charts and desiring to make money on price action, I wanted to become a consistently profitable trader. Making the priorities, I decided to sacrifice...
The evidence suggests that only a very small proportion of day traders makes money year over year.
There are certain patterns which may separate profitable traders from those who ultimately lose money. And indeed, there is one particular mistake that in our experience gets repeated time and time again. What is the single most important mistake that led to...
Being a beginner, it is natural for you to feel overwhelmed when you first start forex trading. But that doesn’t mean that you should shy away from the market. By following the 5 steps listed below, you can start your trading journey in currencies in a smooth and efficient manner.
1. Get to know what drives the market 📈
When it comes to trading in currencies,...
Whether you're new to Currency Trading or a seasoned trader, you can always improve your trading skills. Education is fundamental to successful trading. Here are some tips that will help hone your Currency trading skills.
⭐️Plan How You Will Trade
You may have heard the adage, "if you fail to plan, you plan to fail." This is particularly true in Forex...
We often get mesmerized by someone’s above the surface success and don’t factor in all the below the surface opportunity-costs they paid to achieve that success.
This is the ‘iceberg illusion’. It’s been a fav analogy of mine for years. And yet, this just might be a better visual for sport than the ‘iceberg illusion’.
You see… the hyper focus on outcomes is...
For new market traders, review these common trading mistakes so you can avoid emotional blunders with your investments and take advantage of psychological edges.
The mechanics of trading are relatively simple. A click or two gets you into a trade, and a click or two gets you out. But the decision-making process behind those clicks is much more complex. And with...
In this educational article, I will share with you very useful tips how to improve your profitability in trading the financial markets.
1. Decrease the number of financial instruments in your watch list. ⬇️
Remember that each individual instrument in your watch list requires attention. The more of them you monitor on a daily basics, the harder it is to keep...
To understand the price and candlestick analysis, it helps if you imagine the price movements in financial markets as a battle between the buyers and the sellers. Buyers speculate that prices will increase and drive the price up through their trades and/or their buying interest. Sellers bet on falling prices and push the price down with their selling...
What brings the consistent profits in trading?
Talking to hundreds of struggling traders from different parts of the globe, I realized that there are the common misconceptions concerning that subject.
In this educational article, we will discuss what really will make you profitable in trading.
🔔The first thing that 99% of struggling traders are looking for is...
Hey traders,
Consistently profitable traders have a lot of things in common. Watching how they act and following their ideas & thoughts we can spot a lot of commonalities among them.
In this article, I have collected 8 trading habits that a trader should have to become successful.
1️⃣ - Continuous Learning 📚
The markets are infinitely deep in their...
Trading is a tough business and most people who start in the business lose money.
And these numbers aren't small at all, really. In fact, they might even be scary to look at. Therefore, in this article, we will look at some of the most popular reasons why more than 90% of new traders will lose their money in trading.
____
The most common reason why many...
This is a roadmap to becoming a profitable trader. Follow these steps to avoid wasting time and bouncing around from idea to idea. We start with a basic strategy idea we like, then build off it. We MAKE it profitable by following the steps outlined.
1. Focus on One Idea or Strategy
Focus on one specific idea.
An idea is not “price action” or “technical...
"Look for a confirmation!"
"Wait for a confirmation!"
When I was learning how to trade and when I was watching and reading different trading educators, these words naturally pissed me off. What the hell are you talking about? What confirmation?
It was a full-blown mystery...🤯
Then, once I started to mature in trading and trade full-time, I became an author...
When investing funds in any format, you need to understand the
investment approach and risk involved in the planning you undertake.
Example investment risk categories when investing capital or income are as follows:
1-2
Lowest Risk
Very Cautious Risk
You are not prepared to accept any exposure to investment loss although you
are aware that any investment has...
Hey traders,
👨🏻💻I am trading forex for more than 8 years.
During the last 5 years, I am actively posting my analysis & trades on TradingView.
Growing my audience, it was very peculiar for me to contemplate the reaction of my followers to my trading performance.
(by the way, we must say thanks to tradingview where the posting system does not allow to delete...
MACD is a technical indicator designed to help investors identify price trends, measure trend momentum, and identify acceleration points to fine-tune market entry timing (whether you’re buying or selling).
How does MACD work?
The MACD indicator has many moving parts and functions, but it’s made up of three general components: the MACD line, which is the...
The foreign exchange market is used by banks, investment companies, companies and even individuals who want to either cover themselves against the risk of foreign exchange fluctuations or to speculate in hopes of making a profit. 95% of all forex transactions are purely speculative in nature. Only 5% of all forex transactions result from international companies...
Knowing which trading style suits you best is a difficult question to answer, but the choice you make is not permanent. In fact, many novice traders will experiment with some or all of the various styles before settling on a method and strategy that suits their lifestyle and the funds they have to risk.
Scalping
The first trading style of this guide is called...
