REMEMBER No matter what stock, index, Forex or other markets you’re trading, every trader needs 5 protection levels. Stop loss to stop yourself from furthering losses Time stop loss to get you out of non-performing trades Adjusted stop loss to lock in profits when the market moves in your favour. Risk % per trade to only lose a certain amount of...
Welcome to the comprehensive guide on mastering risk management in cryptocurrency trading. In this detailed tutorial, we'll walk you through the essential principles of calculating stop losses, determining risk percentage per trade, and strategically placing stops for optimal risk mitigation. Whether you're a novice or an experienced trader, understanding and...
Three of the Best Trend-Following Trading Strategies In this comprehensive article, we explore effective strategies for identifying and capitalising on market trends. The article discusses some valuable insights and practical techniques to help traders manage the dynamic world of trading. Essential aspects covered include selecting the right indicators, managing...
Welcome to the thrilling world of timeframes—a place where every minute counts and every candlestick tells a story. You've probably asked yourself a million times, "What's the best timeframe to trade?" Well, buckle up because we're about to dive deep into the mesmerizing world of timeframes and trading strategies! Picture this: timeframes are like puzzle pieces....
This video is answering questions about how you can trade bollinger band
👋 Hello, Forex traders! In this post we are going to talk about Gann angles, which many of you know as the Gann Fan. Essentially, they are the same thing. We will learn how to build these angles, what are their essence, and most importantly - how we can apply Gann's Fan in practice in our trading. What Are Gunn Angles ? 📢 Gann Angles, or Gann Fan, is one of the...
Hey traders, In this post, we will discuss types of orders that we use in Forex trading. ➖ Market order. Trading position is opened at a current price level. Buying the asset, you will open a trading position at a current ask price. Selling the asset, you will open a trading position at a current bid price. Even though market order is the most...
** Introduction ** Sympathy trading, a strategic approach rooted in both technical and fundamental analysis, capitalizes on correlated movements between assets to uncover profitable opportunities. In this article, we delve into the nuanced realm of sympathy trading using Bitcoin (BTCUSD) and Coinbase Global Inc. (COIN) as case studies, exploring how a blend of...
Q. "I heard that there is a phenomena called “Lazy February”. Could you explain why it’s called that and what I should watch out for as a trader?” A. I have not heard that term in eons! Here’s my 10 cents on how Lazy February got this name. Short month effect February is the shortest month of the year. And because so much happens in February, many investors...
A. Remember when it comes to interest rate cuts it means the following: Stimulates economic growth This makes borrowing cheaper as interest rates are lower. And it encourages more spending and investments by individuals and businesses. Boosts buying from consumers Also, with low interest rates it entices people to buy more. And this is because the cost of...
Today I wanted to talk about two scenarios concerning market structure: the equal high for a bullish structure and the low sweep for a bearish structure. The crucial point of each setup, as always, is to identify a structural change called BOS. From there, I start looking for a demand or supply zone in the market where we should pay attention to observe the price...
Hey! We have a contradictory situation on the daily chart, and I thought I'd take a close look at this as an important model case. 1. After reaching a peak on January 11, price fell and broke through the lower boundary (Senkou Span B) of the cloud. At the very least this is an indication that the upward structure has begun to break down. However, such signs...
Identifying Trending and Range-Bound Currencies In the dynamic world of forex trading, recognising trending and range-bound currencies is crucial for making informed trading decisions and designing effective strategies. This article delves into the fundamentals of identifying these two types of market conditions in forex trading. Understanding Trending...
Trading with support and resistance levels is a fundamental strategy that offers insights into market psychology and potential trade entry and exit points. This guide will explore how to effectively trade using these levels, highlighting the importance of confirmation, rejection patterns, candlestick patterns, and confluence with other indicators. Understanding...
Hello everyone How did the price of gold change from 1970 to 2023? And the events that affected him The price of gold has continued to rise over the past five decades, from an average of $36 in 1970 to $2,080 in 2023. Despite gold's status as a long-term investment commodity, its value has declined several times. The periods of highs and lows coincided with...
In this model, we will examine a tactical approach to achieve high-performance entry. It all starts with an uptrend characterized by continuous structural changes. In fact, there are continuous directional changes until the retest of the supply zone on M30. Subsequently, the market reacts to this zone by pushing downwards and generating a CHoCH. Here, switching to...
Mind Over Markets Part 1: Asymmetric Payoffs Welcome to "Mind Over Markets," a three-part miniseries designed to give you some practical tips to help you deal with the psychological stresses of trading. In this first instalment, we explore the concept of "asymmetric payoffs" within the realm of trading psychology – a notion that suggests making small,...
Mastering Trendlines: Navigating Bitcoin's Volatility In the ever-evolving world of cryptocurrency, Bitcoin stands as the pioneer, leading the charge in digital finance. However, its notorious price volatility can be a double-edged sword for traders and investors alike. To navigate these turbulent waters, one of the most effective tools at your disposal is the...