Trading psychology is influenced by emotions like greed and fear, which can drive irrational behavior in markets. Greed causes excessive risk-taking and speculation, while fear causes traders to exit positions prematurely or avoid risk. Regret can also cause traders to violate discipline and make trades at peak prices, leading to losses. These emotions can be...
Here's the deal, guys. If you want to make this year a successful year in trading, you got to have an edge. It doesn't have to be rocket science, just a solid strategy. There are plenty of resources out there, so don't be shy to do your research. Once you got a strategy, test it out with a small account or paper money before committing fully.
And when you commit,...
What does TRADE have in common with heads and tails?
Well, many use simple randomness to define whether they should buy or sell and this is directly linked to heads or tails, but the point I want to address is the following: a coin with two sides has a 50% chance of falling either on one side or on the other, either heads or tails, but if you decide to toss the...
How to become a trader? (Part 1)
1. What is trading?
We all know what trading is. Almost all of us had someone around us who was trading, or maybe we heard the names of people like Warren Buffett or Elon Musk. But what we don't know is that trading is not just opening a chart and drawing a line and finally buying a stock or something. Trust me, It is more...
Hello everyone! In this post we will present and explain our trading system.
Our trading system condensates everything we have learned from hard work, study and even harder lessons received in these years of trading. It is constantly evolving and updating, we are always ready to question some aspects of our system and research tools and strategies that can improve...
Hello guys! Day trading is a popular way for traders to make money by buying and selling assets within the same trading day. However, before you begin day trading, it's important to understand the basics and develop a solid trading strategy. In this post, we'll cover the basics of day trading and provide some tips on how to get started.
First, it's important to ...
Hello everyone! One of the most important , and in the same time, one of the hardest aspects of trading is the ability to manage correctly your emotions and leave them aside while trading. So how can we manage our emotions in stressful situations? Here are some tips that every trader should consider when starting trading:
1. DO NOT ACT ON ANGER: every time...
Find correlating forex pairs when you've decided on a trading strategy.
You'll have to do less work deciding on your week's trades.
EURUSD and GBPUSD are great pairs, for example.
Losses are part of this business. People do not react well to losses. Badly handled losses in trading can trigger bigger losses. Furthermore, these have the dangerous potential of wiping out entire accounts. If you want to make it as a trader you need to have a solid psychological approach to accept and handle losses.
Lots of internet articles are suggesting that...
🟢For many of us, our trading accounts are our cluttered homes. What we desperately need is to find our inner quiet; review our trades and trading statistics in detail and truly experience the horror of betraying our potential; and fully appreciate what we do well and embrace it with gratitude. Out of that energized awareness, we can replace the clutter with what...
Hey Traders,
Setting trading goals is always a fun discussion and something I actually really enjoy talking about. It is possibly one of the most simple tasks with getting started in investing or day trading, yet it is a task that so many get wrong. It's like starting a Sprint race, only you're starting the race facing the other direction. So, today we're going...
In what way does a trader have to learn how to be rigid and flexible at the same time? The answer is: We have to be rigid in our rules and flexible in our expectations
🟢We need to be rigid in our rules so that we gain a sense of self-trust that can, and will always, protect us in an environment that has few, if any, boundaries. We need to be flexible in our...
✅ Step 1: Time Frame
The first thing you need to decide when creating your system is what kind of trader you are.
Are you a day trader or a swing trader?
Do you like looking at charts every day, every week, every month, or even every year? How long do you want to hold on to your positions?
This will help determine which time frame you will use to trade. Even...
First one style - Scalping
Scalping between 1 second to 3-10 min is literally “scalping” every price movement. We opened a deal, get a profit and closed trade.
Its a risky and nervous way of trading. Meanwhile, scalping remains potentially the most profitable type of trading.
Hardcore scalpers love to fight the market, Their strategy consists in a large...
Risk to reward ratio. What is it? What does it mean and how do we use it?
Now, if you made it to the point where you're here on TradingView, there's a good chance that you have heard about Risk to Reward ratio. Today, I want to dive into what it really means and how to actually utilize it. I see so many beginners missing out on huge profits and opportunities...
How To Make Your Trading Plan In 7 Steps !
➡️ Choose The Correct Time Frame
All traders know what time frames are, but few know that each time frame has a specific way of working. Time frames from 15 minutes to 60 minutes fall under the name of day trading, meaning that all deals will be closed on the same day, whether with profit or loss, and traders call it...
There's a great struggle going from profit to loss.
A burst of a bubble, which in it's essence is hope.
But this is false.
The odds are, that your profits were on paper, so how does a loss on paper differ from a profit on paper?
Truth is - It doesn't.
But what it does do is play with your emotion.
Our mind has a tendency of expecting the worst once things...
Hey traders,
One month ago I wrote an article about the importance of a trading plan. Now it is time to discuss what should be inside your trading plan.
Before we start let me note that a trading plan is a very personal thing and depending on your personality you may have some other elements. In this article, we discuss key elements that must be in every...
