Liquidity plays a vital role in shaping market prices, particularly among large market players such as banks, hedge funds, and other influential entities. These entities, often referred to as market makers, manipulators, and others, are driven by their pursuit of liquidity. In fact, liquidity is the foundation upon which successful trading is built, and it's where...
Want to spot a turning point in trend before it happens? Use Elliott wave parallel channel This chart shows the GBP/JPY currency pair using monthly candlesticks. The advance from Sep 2011 to June 2015 can be labeled as an impulse wave (A). From that high, the pair declined in three waves labeled as wave (B) of a Zigzag A-B-C correction with an expanding diagonal...
Trading system and strategy are often equated, but this is not quite right. Both a strategy and a trading system is a single algorithm of actions, including the process of searching for signals and opening trades. But strategy is often understood as following certain rules, while a trading system is a combination of technical, fundamental and psychological...
Hey traders, In this post, I will share with you my tips for trade management in Forex trading . But first, let me elaborate on what is exactly a trade management . Trade management is the set of rules and techniques applied for managing of an already active position. Trade management is a very important element of any trading strategy that should...
Hey traders, In this post, we will compare investing, trading and gambling . 📈 Investing Investing is the act of putting money in a financial market with the expectations of a long-term positive return. The investing decisions are usually made using fundamental analysis. The main goal of an investor is to predict the long-term market trends and benefit on...
A lot of traders apply trend lines for trading and making predictions on different financial markets. Trend line can also be an important element of price action patterns. However, only few knows that some trend lines are better to be avoided. In this article, I will share with you the types of trend lines that you should avoid and not rely on for...
As we dive into studying price action, we can't help but be intrigued by the interesting names given to various patterns. Names like "Two Rivers" and "Shooting Star" not only sound captivating but also accurately describe the patterns they represent. In this post, we'll introduce you to another powerful pattern known as the Dragon. This pattern, belonging to the...
Six Years with TradingView : A Stellar Platform Transforming My Trading World Six years ago, I embarked on my TradingView journey, and since then, it has been an indispensable tool in my trading arsenal. What initially attracted me to TradingView was its clean, user-friendly interface coupled with its promise of real-time market data. From my very first...
👋 Hello everyone, today we will be discussing stablecoins, which currently have a market capitalization of around $160 billion. Those who are not very familiar with cryptocurrencies often use stablecoins for various purposes such as making payments, storing money in a stable currency as an alternative to the US dollar, and for international transactions as well....
Just 3-5 years ago, the concept of "real assets" was clear-cut - physical items that could be owned such as stocks, gold, and currency. On the other hand, "derivatives" referred to intangible assets like swaps, options, and CFDs that allowed for profit-making. However, the emergence of cryptocurrencies and blockchain technology has completely transformed this...
In the fast-paced and often volatile world of cryptocurrency, finding best investment strategy can be a daunting task. While many traders seek quick gains through active trading, a more prudent and less stressful approach exists: Dollar-Cost Averaging (DCA). What is DCA? DCA is an investment strategy that involves investing a fixed amount of money into a...
Trading without a structured risk management strategy turns the market into a game of chance—a gamble with unfavorable odds in the long run. Even if you possess the skill to predict more than half of the market's movements accurately, without robust risk management, profitability remains elusive. Why? Because no trading system can guarantee a 100% success...
Hi everyone, I get this question occasionally, so I figured I would share my opinion on the matter. There are many misconceptions about trading or being a professional trader. One of them is, the more monitors you have, the more successful or advanced you are as a trader. That is complete nonsense. In this video I explain what I think the best number of monitors...
Too many traders think they are taking a Random Walk through these market streets. Well this post is to help them define a direction. Can you use this to target the exact price and day/hour/min? No (well sometimes you can nail it) But just like the Map App on your phone it will get you within a certain degree of accuracy AND you will definitely generally no...
Hey traders, If you are wondering how to start Forex trading, or you just started to trade, I suggest a 12 weeks intensive learning plan. Each week will be dedicated to a specific topic. Starting from the basics you will gradually mature and by the end of the intensive you will have a complete trading strategy. ✔️Week 1 - Practice market trend...
Trading in financial markets is not merely a game of numbers and charts; it's a psychological battlefield where fears , doubts , and emotions can either propel you to success or drag you into failure. In this comprehensive article, we delve deep into the primary fears of traders, explore strategies to conquer them, and provide an in-depth analysis of methods...
This post is directed towards novice traders who harbor the belief that honing trading skills and mastering profit-making strategies is achievable solely through practice on a demo account. However, the unforgiving reality of statistics paints a stark picture: approximately 65-80% of novice traders find themselves facing financial losses within the initial months...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Let's begin with our topic today! The forex market, being decentralized and over-the-counter (OTC), operates differently from traditional centralized exchanges. To navigate it effectively, traders need to comprehend its unique structure. Market structure refers to...