Whether you are just getting started or you’ve been on your journey for a while now, you’ve probably discovered that day trading is not easy. You’re putting your hard-earned money on the line and facing new challenges daily. That said, every challenge you conquer takes you one step closer to your ultimate goal.
Small behavioral changes can have profound...
Hey traders,
Technical indicators are an essential part of technical analysis .
With multiple different indicators on a chart, the trader aims to spot oversold/overbought conditions of the market and make a profit on that.
Though, I don't consider myself to be an expert in indicators trading, here are the great tips that will help you dramatically improve...
There are over 30 different elements you can add to your trading journal.
But if you want to start off light and easier, then there are only a few KEY levels you’ll need to get into your trade and track them.
8 to be exact.
These include:
#1: Market (Stocks, Indices, Forex, Commodities, Crypto)
What market are you trading?
There are many different markets...
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...
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...
Day trading refers to a style of trading where the trader buys and sells a financial instrument within the same day, or even multiple times a day. With the right strategy and knowledge, you can take advantage of small price movements in the currency exchange market to earn a potential profit. However, it takes a lot of practice and dedication to become...
When it comes to trading, one of the most important skills to develop is market analysis.
When you know how to read the market and make informed decisions, it can be the difference between spotting high, medium and low probability trades.
Here are some ideas to analyse the market and maximise your chance of success.
Start with the Main Indices
The first step...
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...
Star Wars has been around since 1977 which was written and directed by George Lucas.
During that time, there have been phenomenal quotes, lessons and adventures that have been shared.
Instead of telling you different lessons Star Wars can teach you about trading.
How about I share some quotes and how you can apply them?
Here are the ones I find are the most...
A drawdown is a period of decline in the value of a portfolio. This is where you take a number of trades, and the losses drop the portfolio at a marginal level (if you know what you’re doing).
During these times, the market is typically more volatile (jumpy) and unpredictable.
And so you have a higher chance to risk money in unfavourable times.
Risk less with...
As a trader, you must approach the market with humility and an understanding that you are at its mercy.
And so you need to remember that the market, doesn’t know you, doesn’t care about you, and doesn’t work to reward you.
Let’s break that down.
The Market Doesn’t Know You
The financial market (Mr. Market) is a complex and dynamic system that is influenced...
A short ⚠️disclaimer before we start:
the rules that will be discussed in this post are applicable only for technicians - traders that are relying on price action/structure/etc.
Also, we assume that structure levels do work and for us, key levels are considered to be the safest trading zones/points.
In order to increase the accuracy of your predictions...
Q. I thought that when you go short (sell) that we earn interest (swap fees) per day.
But to my surprise I was actually charged interest on my open trade with AUD/NZD. Was I not meant to earn interest?”
A. Unfortunately, it depends…
With each market you trade, you’ll need to look at the symbol information for each trade you take.
This also depends on the...
You know that successful trading is…
.
.
.
.
Patience. You need to wait for the setup, reason, system, lining etc…
But then there is the 2% time where you actually ACTION a trade.
We action a trade for three reasons.
To enter
To adjust
To get out
But we need to talk about these reasons more…
Let’s do it.,
ACTION #1: Trade lines up – JUST TAKE THE TRADE!...
A Bearish Fair Value Gap is a 3 candle structure with a DOWN impulse candle (2nd) that indicates and creates an imbalance or an inefficiency in the market.
WHAT DO THE IMBALANCES TELL US?
These imbalances tell us that the buying and selling is not equal. Now the market needs to rebalance (move at least to 50% of the fair value gap to fill) to make up for the...
I want you to stop thinking of trading losses as losses.
It’s having an effect on you emotionally and is stopping your full potential of growth.
Financial trading, like any other business or aspect of life, involves costs.
That’s just life.
In business, there are costs associated with equipment, rent, salaries, taxes, and legal fees.
In our personal lives,...
In trading, timing is everything. Winning traders are patient. They know how to control their impulses so as to act decisively at the opportune moment. Rather than acting on a whim, they carefully devise a detailed trading plan, in which precise entry and exit strategies are specified, and strictly follow it. Discipline is the key to successful trading....
Less is more... And this is just a summary of the most common 4 types of Gaps you may see,...
1. Break-away – Breaks out of a current trend
2. Exhaustion – Ends a current trend
3. Runaway – Runs in the direction of the trend
4. Common – Just an ordinary gap
Can you think of any more gaps?
