Do you ever feel like your life is a constant juggling act? As a 33-year-old female, I understand the challenges of maintaining balance between trading forex and taking care of a family. It's a question I often get asked: "How do you create balance in your life while pursuing your passion for forex trading?" Today, I want to share some insights that may...
In the dynamic world of trading, it is widely acknowledged that strategy and market knowledge are essential for success. However, there is a critical aspect that often goes unnoticed but holds immense power in shaping trading outcomes: the psychological dimension. The psychological aspect of trading encompasses understanding and effectively managing emotions,...
I made a huge mistake when I first started trading – I jumped from one strategy to another, constantly searching for the "holy grail." I tried everything from signals and account management to mentorships and expert advisors. Each approach seemed profitable initially, but as soon as I invested more capital, I encountered significant losses. It was a frustrating...
Sometimes the ups and downs of the market can take a toll on us, both mentally and emotionally. Imagine this scenario: you enter a trade with confidence, having carefully considered every aspect and calculated your moves. You're in a great mood, envisioning the profits that await you. But then, unexpectedly, everything goes wrong. - In moments like these, it's...
Trading is not complicated once you have a good understanding of whatever your technical approach is to the markets. After that good understanding is achieved you will have reasonable expectations about where price can go and will rarely be surprised. However, trading can become difficult when you throw trading psychology in the mix. Positive trading psychology is...
Risk/Reward is the name of the game. In my scalping this morning I've taken 10 trades. I have gone on a losing streak of 10 trades in a row. After reading the books I've become aware that this is not unsual for a profitable system in the markets. I like the analogy of pulling marbles out of a hat. If you have an edge in the market then over the long term the...
Currently Sitting at 4Hr Supply Zone ( 1.09945 ) Looking for lower prices as price has touched into a 4hr Supply zone and we have an upcoming london session. What we may observe is a quick spike then a hard retreat back down to 1.098 or even 1.0945 ( Both of which are daily S/R Levels) . You can observe this behavior on Eurusd from last week. I will include a...
Profit taking for a trader is crucial because you must pay yourself for the time spent in front of the chart. So long as you follow the adage "Let your profits run and cut your losses short." It is a job and not a hobby/passion at the end of the day. We are playing with real money here! The market has ascended 5% and that is about the extent of the Average True...
In this basic trading manual, we will address over 50 questions along with their answers, aiming to familiarize you with the concepts commonly used by traders. Through this material, we will focus on providing a more technical and formal language to enhance understanding and application of these concepts in the field of trading What is a financial market? A...
FED "pivot" hopes won't die. Bank collapses are "good for the stock market". AI mania has the meme market looking alive again. NVDA, a company in which both revenue and earnings have dropped significantly over the past 3 quarters, is trading at 150+ P/E and 25xSales with a $666Billion market cap! We're "back to normal" folks! /s I LOVE how this classic Market...
We have Seen 2 Colossal moves on EU in the last Day. Yesterday was tremendous buys to begin the week as Every Session saw a bullish push up to HTF Levels and Extreme prices around 1.105. For Breakout Traders we saw a Trap near Weekly Highs at Weekly Level 1.1056. Why would you place buys up there without a Daily candle close confirmation above 1.1045 Daily level...
I found out about Bitcoin many years ago when it was in prime time only to be associated with organized crime , scams, and money laundering. And that remained deep in my mind. Since jail seemed a bad idea, I convinced myself that crypto it’s not for me. As time went by, I didn’t see the good fortune because my mind was still relating Bitcoin to a dark area...
Long position trapped after false breakout now if stock breaks 1272 than stock might face a minor support near 1263 after that a target of 1245 can be seen but if stock breaks the range above 1288 than short target of 1306 can achieved
Stock can show move if it break 2137, target can be 2163 And if breaks below 2106 than it can again go to 2086
Head shoulder pattern is visible on charts and if stock break below 7220 target will be 7145 and 7060 If stock break above 7335 target will be 7380 and 7480
Chart shows that stock is near important resistance near 277 and also following a trend line which combine make a ascending triangle pattern breakout above 277 will give target to 279.5 and 282 . If stock breaks trendline and important support of 273.8 than stock might fall till 271
Stock can move to 978 if sustain above 967 but becoz sentiments nagetive in market if it breaks 956 it will give a move to 944
Trading psychology refers to the mental and emotional factors that affect an individual's behaviour and decision-making when trading financial markets. It is the study of how a trader's mindset, emotions, and behavior can impact their trading performance and ultimately, their success. Trading can be a highly emotional and stressful activity, as traders are...