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BUYERS vs. SELLERSHello everyone! Who are the stronger sellers or buyers right now? The one who finds out the answer will be able to earn a lot. Over time, one side weakens, the other gains strength. It is not easy to catch this moment, but there are several methods for determining a possible change in the dominant force in the market. Japanese candles, namely their bodies, can help us with this. The body shows how strong or weak one or the other side is. The body shows whether buyers are losing strength and whether sellers are gaining strength. Are buyers or sellers strong? By looking at a particular candle and its body, we can understand what was happening in the market in a given period of time. If we see a full-bodied green candle that has no shadows, then we can say with confidence that buyers are winning. The point is that buyers were able to push the price up after the opening and until the closing, which sellers could not resist. On the other hand, if we see a full-bodied candle of red color, we can say that the sellers won. Without much resistance, sellers pushed the price down from the beginning to the end and were able to close at the very bottom of the candle. Full–bodied candles speak of enormous strength, they can appear confirming the trend or starting it, in any case - this is a strong sign. Still strong, but… If you see a green candle with a long body and small, short shadows on the chart, then you can say that buyers dominate the market. But what are these shadows? These shadows remind us that sellers, although losing heavily, still did not give up. It's the same with candles that have long red bodies and short shadows. Sellers are strong, but buyers are still here, as the shadows remind us. Seeing such shadows, you should not be afraid and open positions in the opposite direction, no. It's just a reminder. The fight is getting harder. A candle with a small green body, which is located at the top, shows us that buyers have taken over the market, but the victory turned out to be very difficult. The long shadow under the body indicates to us the rage of the sellers, who dragged the price down for a very long time, but still lost in the end. Maybe it was the last impulse of buyers? This fight was almost on an equal footing, but the victory remained with the buyers. In such situations, you can ask the question - Will there be a U-turn? Red body on top, with a long shadow. The sellers won here, but the buyers fought with dignity. Depending on the context, this figure can serve as a signal of an imminent reversal. After all, sellers were able to push the price very deep, but buyers did not give them a foothold there. The last push? The short body is green, and above it is a long shadow. The victory remained with the buyers, but was it easy? No. Perhaps it was the last rush of buyers, after which there is no strength to fight anymore. Maybe the price will not turn right away, because the buyers have won and they still have strength, but their strength is clearly running out. The same is the case with candles, whose bodies are red, indicating the victory of sellers, but long shadows over the body indicate the strength of buyers. The forces of buyers were able to push the price, but not to fix it. This signal is even more bearish, because the price closed below the opening. Conclusion Each candle is important, but the context is more important. Candles help to get the first signals if you are able to understand them correctly. The shadows of candles are the story of a struggle that usually escapes the eye, but at the same time carries a lot of information. Be careful and don't stop learning. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDEducation
by Lingrid
10
Learn to Read The Candlesticks Like Pro Candlesticks give you an instant snapshot of whether a market’s price movement was positive or negative, and to what degree. The timeframe represented in a candlestick can vary widely. Green candles show prices going up, so the open is at the bottom of the body and the close is at the top. Red candles show prices declining, so the open is at the top of the body and close is at the bottom. Each candle consists of the body and the wicks. The body of the candle tells you what the open and close prices were during the candle’s time frame. The lines stretching from the top and bottom of the body are the wicks. These represent the highest and lowest prices the asset hit during the trading frame. What do candlesticks tell us? Candlesticks can reveal much more than just price movement over time. Experienced traders look for patterns in order to gauge market sentiment and to make predictions about where the market might be headed next. Here are some of the kinds of things they’re looking for: A long wick on the bottom of a candle, for instance, might mean that traders are buying into an asset as prices fall, which may be a good indicator that the asset is on its way up. A long wick at the top of a candle, however, could suggest that traders are looking to take profits — signaling a large potential sell-off in the near future. If the body occupies almost all of the candle, with very short wicks (or no visible wicks) on either side, that might indicate a strongly bullish sentiment (on a green candle) or strongly bearish sentiment (on a red candle). Understanding what candlesticks might mean in the context of a particular asset or within certain market conditions is one element of a trading strategy called technical analysis — by which investors attempt to use past price movements to identify trends and potential future opportunities. Please, like this post and subscribe to our tradingview page!👍
OANDA:BTCUSDEducation
by EliteTradingSignals
5
✅ How to become a successful Gold trader.In the past, gold was the most sought-after precious metal due to its cultural and financial value. Gold was an integral part of the modern world currency valuation system during the twentieth century, as it was pegged to the US dollar’s value up to 1970. Investor appetite for gold has always been high, given that the commodity has always been regarded as a safe-haven asset whose value rises whenever there is uncertainty in the global financial markets. The term safe haven has always been used to refer to gold because the precious metal has proven that it can maintain its value in times of crisis. On the other hand, fiat currencies issued by governments usually lose value in volatile times as governments print more money to fund emergency expenditures. Gold has been used for a long time by wealthy individuals to store their wealth and as a critical medium of exchange, especially before the advent of fiat currencies. Although gold is regarded as being safe, some factors affect its trading price, including: Central banks: Gold’s price is closely attached to central banks’ interest rates as part of their monetary policy decisions. High-interest rates usually lead to low gold prices as investors prefer to buy interest-bearing assets instead of gold, which has no intrinsic yields. Jewellery industry and demand: The jewellery industry is still a big driver behind the rising demand for gold globally. Up to 80% of the newly mined gold is used to manufacture jewellery. Hence, the jewellery industry contributes significantly to rising or falling gold prices. Rising demand usually results in rising prices and vice versa. Dollar: The price of gold is inversely related to the US dollar’s price, with rising dollar prices resulting in lower gold prices and vice versa. The dollar is primarily regarded as a safe-haven alternative to gold; hence, if investors are buying gold, they usually sell the dollar. Economic and political crises: Gold is used as a hedge during periods of financial stress and political crises as a safe investment. The precious metal has proven over centuries that it can maintain its value during crises, hence, its designation as a safe-haven asset. Inflation: Investors have always used gold as a hedge against inflation, which usually erodes fiat currencies’ value. Demand for gold usually rises as investors shift their wealth to gold to protect it from devaluation. There are many ways to trade or invest in gold, including both traditional and modern methods. Here are some of the popular ways to invest in yellow metal: Gold bullion: This is one of the traditional ways to invest in gold. Investors buy and hold physical gold as an investment. However, it is not easy to sell gold bullion; hence, you might have to hold it for a long time and might have challenges selling the gold. Gold futures contracts: A futures contract is an agreement between the investor and the seller mediated by an intermediary where the seller promises to sell gold at a specific price to the investor at an agreed future date. Mutual funds: Mutual funds provide an easy and flexible way to trade gold within the global markets. Investors can quickly sell their gold investments if they need to access their funds instead of buying physical gold. Contracts for difference (CFDs): CFDs allow traders to trade gold without owning the yellow metal via virtual contracts. Traders can profit from both increases and declines in the price of gold using CFDs. To increase your chances of success as a gold trader or investor, you must follow the necessary steps to become a successful trader, including: Following the correct gold trading strategies. Having a clear trading plan with both long-term and short-term targets. Always be informed of the significant political and economic news and other fundamental factors that could affect gold’s price. Continuously monitor the US dollar’s current price given its close relationship with gold. In the example above, we can see a simple but effective trading strategy. This strategy can be used on any financial instrument... Trend Following/swing trading. 1) Follow the main trend. To follow the main trend or identify it, a moving average or an indicator that shows you the direction of the main trend can be useful. 2) Once you have identified the major trend, it is wise to take a position in retracements, also called pullbacks. These are phases of the market in which the price takes a breather before continuing in the main direction. 3) Price indicators are an excellent tool to have multiple confirmations of entries. We can see in the chart the use of Fibonacci retracements and stochastics. 4) Always calculate the correct amount of Lots/contracts to use. 5) Be disciplined, will only enter trades where your strategy has worked in the past. 6) be constant, remember that trading is a job.
SAXO:XAUUSDEducation
by FOREXN1
17
GUIDE TO JAPANESE CANDLESHello everyone! Today we will discuss JAPANESE CANDLES! Let's try to understand what they mean and how to use this information in your trading. LET'S GO! Bullish and Bearish PIN BAR A bullish pin bar is a candle with a long shadow, the body of which is located at the top of the candle. Such a candle was formed under the pressure of sellers who were able to push the price down, after which buyers turned on, who pushed the price above the opening and were able to gain a foothold there. This strength of buyers signals to us that sellers are losing dominance in the market and a trend reversal is possible soon. A bearish pin bar has a mirror structure relative to a bullish pin bar. Buyers can't keep the price high, and sellers take up the trend. At these points, we can expect the early completion of the previous impulse and a possible trend change. Bullish and bearish harami Bullish harami consists of two candles: the first is a long full-bodied candle, the second is small with a small body. After a strong downward impulse (the first candle), a sharp reversal begins (the second candle). At the same time, the second candle often opens with a gep. The momentum of the first candle is the last spurt of the market, after which buyers take over the market. The gap in the opening of the second candle and the closing of the first confirms the strength of buyers. Bear harami has a similar structure, but a mirror movement. The last impulse of buyers, was replaced by the gep of sellers. This sign indicates a possible reversal. Bottom and top tweezers These Japanese candles are characterized by two long full-bodied candles. After the first strong impulse, there is a sharp reversal in the opposite direction. This reversal has a huge force, as it is able not only to turn the price against the main trend, but will immediately gain a foothold low. This figure is called tweezers, as the price pierces the level and abruptly returns back. A very strong signal for a reversal. Conclusion These patterns are very popular and useful. The ability to use them correctly in trading can bring significant profits. These patterns help to determine the price reversal, which contributes to a better entry into the position. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDEducation
by Lingrid
12
📊HOW TO CREATE A TRADING PLAN📊 📖What is a trading plan? A trading plan is a comprehensive decision-making tool for your trading activity. It helps you decide what, when and how much to trade. A trading plan should be your own, personal plan – you could use someone else’s plan as an outline but remember that someone else’s attitude towards risk and available capital could be vastly different to yours. 📚Why do you need a trading plan? You need a trading plan because it can help you make logical trading decisions and define the parameters of your ideal trade. A good trading plan will help you to avoid making emotional decisions in the heat of the moment. ✳️TRADING PLAN CREATION STEPS: 1️⃣Outline your motivation Figuring out your motivation for trading and the time you’re willing to commit is an important step in creating your trading plan. Ask yourself why you want to become a trader and then write down what you want to achieve from trading. 2️⃣Decide how much time you can commit to trading Work out how much time you can commit to your trading activities. Can you trade while you’re at work, or do you have to manage your trades early in the mornings or late at night? If you want to make a lot of trades a day, you’ll need more time. If you’re going long on assets that will mature over a significant period of time – and plan to use stops, limits and alerts to manage your risk – you may not need many hours a day. It's also important to spend enough time preparing yourself for trading, which includes education, practising your strategies and analysing the markets. 3️⃣Define your goals Any trading goal shouldn’t just be a simple statement, it should be specific, measurable, attainable, relevant and time-bound (SMART). For example, ‘I want to increase the value of my entire portfolio by 15% in the next 12 months’. This goal is SMART because the figures are specific, you can measure your success, it’s attainable, it’s about trading, and there’s a time-frame attached to it.You should also decide what type of trader you are. Your trading style should be based on your personality, your attitude to risk, as well as the amount of time you’re willing to commit to trading. 4️⃣Choose a risk-reward ratio Before you start trading, work out how much risk you're prepared to take on – both for individual trades and your trading strategy as a whole. Deciding your risk limit is very important. Market prices are always changing and even the safest financial instruments carry some degree of risk. Some new traders prefer to take on a lower risk to test the waters, while some take on more risk in the hopes of making larger profits – this is completely up to you. It is possible to lose more times than you win and still be consistently profitable. It's all down to risk vs reward. 5️⃣Decide how much capital you have for trading Look at how much money you can afford to dedicate to trading. You should never risk more than you can afford to lose. Trading involves plenty of risk, and you could end up losing all your trading capital (or more, if you are a professional trader). Do the maths before you start and make sure you can afford the maximum potential loss on every trade. If you don't have enough trading capital to start right now, practise trading on a demo account until you do. 6️⃣Start a trading diary For a trading plan to work it needs to be backed up by a trading diary. You should use your trading diary to document your trades as this can help you find out what’s working and what isn’t.You don’t only have to include the technical details, such as the entry and exit points of the trade, but also the rationale behind your trading decisions and emotions. If you deviate from your plan, write down why you did it and what the outcome was. The more detail in your diary, the better. I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
4
HOW TO BALANCE LIFE AND TRADINGHi guys, This is @CRYPTOMOJO_TA One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. The life of a trader can be stressful, with important developments taking place constantly. This makes it essential that individuals maintain a positive work-life balance Prioritize What You Need in Your Life When you learn how to prioritize your life, you can focus with intention on what matters and accomplish your most important goals. Priorities are difficult to determine. There are some things you want to prioritize at the start of each year, such as spending more time with family, discovering your life’s purpose, starting a business, traveling the world, or becoming a profitable forex trader. But to be honest most of us struggle to focus on what we really want in our life when the year goes on. For example, the majority of people will never turn down a high-paying job, even if it means spending less time with family or working on themselves to find the balance of their life. Why is that? Because of that dopamine hits you get when you are getting a paycheck from your high-paying job. I’m not saying it’s bad and you should quit your job. I’m saying that I’ve seen lots of people who were able to organize their lives while working a 9-5 job and still living a well-balanced lifestyle. Also, I’ve encountered people who used to work both a day job and on their goals and then quit their jobs after accomplishing their goals. So how are they doing it? What is the secret? The secret is finding your life purpose and finding out what you really want to achieve in your life. Let’s say you really want to become a profitable forex trader, but it doesn’t mean you should sit in front of your computer all day and place trades. If you do so, You will miss out on a lot of life opportunities. You won’t be able to focus on your nutrition or physical and mental health since you won’t get enough time to reflect on yourself. You’ll also be unable to consider how and when you can spend time with your loved ones when the stress of your daily life schedule gets too tight. This is not trading, this is a bad way of treating yourself. So what is the solution? Simply makes a list of what you really need in your life then prioritize them while still giving time to focus on yourself. For example, if you have a day job but still want to be a successful trader, you can day trade the market when you get home at night. Alternatively, you can trade on a higher timeframe, such as daily or 4-hour, to spend less time on trading while still earning a good profit. By doing that you will have plenty of time to focus on your job and your well-being as a trader. Remember that no matter what you’re attempting to do, whether it’s trading or running a business, you should make time to focus on your well-being. That is what creates a balanced life, and balanced life will empower us to stay happy while also increasing our chances of success in any area. The same remains true for trading as well. Self Improvement is Important People who devote enough time to self-improvement have a better understanding of themselves and others, as well as a clear understanding of their goals and how to achieve them. Personal growth allows you to go forward, explore new horizons, and feel happier. Regardless of what you are doing in your life (Doing a job, Running a business, or trading) you should prioritize improving yourself each and every day. By improving your life as a trader, your life will become more dynamic, and you will be presented with new life opportunities, and because self-improvement leads to happiness, you will be able to enjoy life rather than worry and regret. Now in trading, self-improvement is a direct factor that will determine a trader’s success. Why? Because trading success is heavily based on psychology and attitude. Even Mark Douglas mentioned in his book Trading in the Zone that intelligent people are the majority failure in the trading industry and also he mentioned that it is the attitude and unique thinking that will make successful and sustainable traders. Therefore rather than sitting in front of the charts, focus on the area you can improve when you are not having any trade setups. Give your best to improve in areas like your focus, social skills, patience, mentality, attitude, positive habits, and high-demand skills. Expect Unexpected As traders, we are all aware that we should deal with uncertainty on a daily basis. The majority of what you do in trading has no guaranteed outcome. Any trade can be a winner or a loser, and all we can do is respect the result and live with the uncertainty. So how to stay positive in the face of a constant uncertain environment like the forex market? Simply by controlling what we can control and not being too worried about things that we have no control over. For example, we have no control over price movement, right? So what is the solution? Simple just react to the price information according to your trading plan. On the other hand, there are things we can control, such as risk management and being selective more about market conditions in which we should trade. Do your best to control those things. Have a Well Define Trading Routine A trader’s daily routine will clearly define the lifestyle he or she has. I’ve seen traders trade all day while sitting in front of the computer browsing social media or watching YouTube, and these types of routines will lead to an unhealthy life. In reality, most of these traders struggle to maintain consistency in their trading process. Then there are traders who have managed to find a balance between trading and other professions. The majority of these traders only trade for two to four hours every day. They will have more time to focus on other things that will lead to happiness and a well-balanced lifestyle as a result of this. Focus on Quality Over Quantity We all know that the volatility of the forex market is much higher and every day the market is provide us with endless trading opportunities to take advantage of. Although we may not be able to take advantage of all of these trades, the market still makes 10 to 20 trade opportunities available to us, and if you trade on shorter timeframes, the number of trade opportunities will increase as well. However, in reality, we cannot execute all of these trades, and attempting to do so as many trades as possible every day will result in overtrading. In terms of trading, this is bad for your account, and in terms of life, you won’t have enough time to focus on other things (like spending time with family, focusing on your nutrition and exercise, or meditation) because you’ll have to stay in front of the computer to execute all of those trade setups. So what is the solution to stop overtrading? There is actually a simple solution for this. Just be More Selective on Your Trade and Only Execute Higher Probability Trade Setups. You will be able to cut down the trading opportunities you have to monitor on any given day by filtering out only the high probability trade setups, which will save you a lot of time. You also don’t have to spend the entire day in front of the computer. As a result, you’ll have more time to focus on yourself and spend with your family. Maintain Positive Mental Attitude Maintaining a positive mental attitude in trading or any other activity will lead to balance in other areas of your life. For example, if you can’t keep a positive mental attitude after a bad trading day, how can you expect to proceed through the rest of the day’s activities with confidence? Most likely, you’ll have a harder time finishing the day productively because you let that bad trading day affect your mental state. If this happens regularly whenever you have a bad trading period, you will never be able to find the right balance in your life as a trader. Therefore, work on developing a strong mental attitude as a trader – an attitude that lets you remain confident in your trading abilities, trade decisions, chart analysis, and trading system in order to succeed as a forex trader and to keep a well-balanced life. If you like our content, please feel free to support our page with a like, comment & follow for future educational ideas and trading setups.
BITSTAMP:BTCUSDEducation
by CRYPTOMOJO_TA
11
Best investing advice to myself if the financial panic comesIve seen this movie before, and I love thats its playing again. The economy goes through cycles and its rhyming like other times. Its never the same, lets be clear about that. But expensive things get cheaper when the economy slows down because people will need their money for the hard times that may come. Its that simple. Learning to read financial statements and metrics is like learning your ABCs but for investing. Trading off a chart is good, but learning what is behind the chart will help in uncertainty. "deep faith eliminates fear". The chart wont tell you if a company is losing money or if there are more assets than the marketcap is reflecting. Buy decade growers for the best deal you can, and let them work. Best advice to myself. see you in 20 years.
NASDAQ:AAPLEducation
by ValuePig
34
Why do you need trading plan? If you make a mistake while trading on the market, you will be punished very quickly. The market doesn't like mistakes or carelessness, so the price will be a minus from your DEPO. This is just how things work. Because of this, planning is an important part of successful trading and not just a feature of an option that doesn't help you reach your goals. Today, we'll talk about what a trading plan should look like and lay out a clear set of rules that a trader can rely on in his work, no matter what the market is like, how long the investments are, or how much money they have to invest. If you don't have a plan, you're setting yourself up to fail. Remember this simple rule and stop trading based on how you feel. The market is not the place to make hasty decisions. If you have a clear trading plan that includes all possible ways to respond to changes in the market, you won't doubt the rightness of your trading decisions, and you'll be much less likely to make emotional trades that hurt your trading account. A trading plan and a trading diary will help you become a more disciplined trader and use your time, money, and nerve cells more wisely. In trading, what is a trading plan? If a trader doesn't have a plan for how to trade, he or she is likely to lose money in the market over time. As a broker, I have seen dozens of examples of this rule being true. This was also clear when I opened my first trading accounts. Most traders who consistently lose money on the financial markets do not have a trading plan. They open and close trades on a whim, or if they do have a plan, they ignore it when it would be best to follow it. Keep in mind that one of the hardest things about this kind of business is to stick to a trading plan. Just ignoring it once is enough to erase the trading results from the last few weeks or months. Trading is based on discipline, but it won't make sense if you don't have a clear plan of what can and can't be done. In trading, what is a trading plan? There must be at least five parts to a trading plan. Also, each of them could be a possible answer to the question: Can you trade on the market right now? Which way should you trade? (if it's a directed trade) How to figure out the right time to enter the market? How to define the goal and limit the risks? How to figure out the best size for a position? This is the "skeleton" of a trading plan. Each part needs to be written in detail on its own, based on the trading method, risk tolerance, and details of the markets being traded. Not every part of a trading plan is as important as the other parts. Some of them need to be changed to fit your trading style (Points 1, 2, and 3),while others should never be ignored or changed in a big way, or trading on this account will end very quickly and tragically (Points 4 and 5). To sum up what has been said, the following can be said: In the trading plan, you should list all the ways you could react to a change in the market. If this happens, you won't have to worry about "force majeure" anymore. Sharp market movements and losing trades will definitely happen, but the risk of negative trends will be taken into account in the trading plan and will not be able to cause a trading account default. Most of the time, the market is just like any other place. And if a trader loses money because the market went up or down by 5–10%, the problem is probably with the trader's plan and the fact that he or she didn't follow money and risk management rules, not because a Fed official said something. The most important thing for new traders is to learn how to work with a trading plan and risks. They shouldn't think about how easy it is to get into the market, how many Xs they can have, or how carefree their life could be. You can only stay in the market and start to fully grow and develop as a trader if you stop making rash decisions that cost you your deposit. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
BITSTAMP:BTCUSDEducation
by Crypto4light
Every trader life cycleThe Trader's Cycle The trader's cycle is the time span between the first replenishment of the deposit and its total loss. The cycle is divided into four parts, each of which corresponds to a different condition of the trader. Every trader is in one of the stages of the trader's cycle; it is impossible to avoid the cycle by trading continuously. However, by splitting into a "cycle," you may lengthen the stages and reduce your losses. The "trader's cycle" phases: "Stability" is the initial step. The trader is in a condition of equilibrium, regulates his emotions, initiates trades only on his system entry points, does not engage in high-frequency trading, employs stop losses, monitors risk management, treats losses properly, and lives his life throughout the first phase. The second stage is known as "sudden impact." In the second phase, an incident occurs in the life of a trader that throws him off balance psychologically. A stunning incident for a trader is a large loss that wipes out the results of his efforts for an extended period of time. In general, the major causes of "shock" include neglecting risk management and not employing stop losses, as well as a series of transactions closed by stop losses in system trading in accordance with all of the trader's trading system regulations. A unexpected blow can also be caused by technical errors: a forgotten or failed order, technical issues with a broker or equipment at the worst possible time. The core of the second phase is that the trader experiences psychological trauma, which causes him to lose his psychological equilibrium and engage in illogical behavior. The third stage is referred to as "risk rise." In the third phase, the trader awakens with a desire to recover his losses, which causes him to raise the volume of positions, increase leverage, refuse to apply stop losses, depart from risk management, and average positions, which leads to irreversible repercussions. The trader deviates from another critical approach - consistent profit taking. He stops taking profits from the market, constantly desiring more, as a result of which he misses profits and awakens within himself the infamous feeling of missed profit - FOMO (The fear of missing out), which in turn feeds the trader's psychological trauma and causes him to behave aggressively in the market. The trader has a "perception filter": he begins to automatically reject any market information and signals that contradict his established abnormally high confidence in the market's future direction. The fourth stage is "collapse." The trader's position is liquidated when the market moves against him, and he is left with no money. On the one hand, the trader has lost everything; on the other hand, he feels some relief and begins to behave objectively, abandoning wishful thinking. After putting himself in order and returning to normal life, the trader begins to evaluate blunders. After dealing with the mistakes, the trader pledges himself not to repeat them and not to break from his trading strategy, but vows are broken over time, and the cycle continues. Repetition of the cycle After the "first round," most rookie traders abandon trading permanently, blaming the market and condemned "manipulators" for everything. Another, smaller group of traders has the courage to accept their mistakes and return to trading at a higher level. After a period, the cycle repeats for most merchants, and they are once again separated into two groups, with the majority of them leaving the market for good. How can you break the cycle? Every trader should embrace and realize the fact that the trader's cycle is inevitable, therefore, he should take efforts in advance to assist "soften the fall". Here are some practical suggestions. Rest and recuperation Every year, the work of a trader becomes more difficult: new patterns emerge, more and more variables must be considered, which increases the emotional load many times over, so rest and recovery are critical: the right approach to leisure time will help to avoid emotional burnout and will "reboot" you, completely clearing from thoughts, allowing you to return to your favorite work with renewed vigor. Take regular breaks from trading, vacations, and living life, because the aim of your trade is to increase the quality of your life. Does your life improve if you make a lot of money but are miserable? Look for new interests and experiment with new things. Recommendations for healing include bathing, swimming in a pool, massage, meditation, winter swimming, spending time in nature, and traveling. Lifestyle Your lifestyle, whether you like it or not, will be reflected in your trading, so don't get too caught up in trading - satisfy yourself and your loved ones by spending gains and developing yourself. Eat, travel, and live life to the fullest. This will undoubtedly boost your attitude and, as a result, the outcome. Sport influences your physical health, which in turn affects your mental health, and mental health allows you to be more productive and balanced for longer periods of time. Also, keep your mental surroundings in mind and limit your time spent on devices and news sources. Pay attention to your health, thoughts, nutrition, lifestyle, sleep, and connections with loved ones. Trading strategy The attitude to trading is the foundation that may both save you from the "trader's cycle" and push you into it. Here are a few highlights: 1. Risk assessment. Maintain strict risk management and never, ever overstate dangers. Diversify your cash in several areas to ensure that you cannot gamble too much on one trade. Divide your trading deposit, for example, into four pieces and transfer cash to separate exchanges and wallets. This strategy will have a significant psychological influence on you, so that if you lose, you will only lose a portion of the cash. Even if you let go a little when transferring cash from one account to another, your brain will remember why you split and withdrawn the funds, and your emotions will have time to settle. 2. Profit obsession. Fix locations in sections, always leaving a little bit out of the transaction. Using this profit-taking approach, you will skim the juiciest milk from winning transactions and eliminate FOMO, which will benefit your trading. 3. Taking an asset from the watchlist. Remove the asset from your watchlist and cease watching it for a time if you still did not follow the strategy of frequent profit taking and closed the position fully. Why would you do it? Assume that once you've established your successful position, the price rises by another 10-20-30%. How will you react? Most likely, you will have FOMO (fear of missing out), return to the transaction, and the price will then reverse. To avoid this, either fix positions in parts depending on the balance of the position rather than the beginning volume, or do not open the chart after closing the trade. 4. A sequence of stop losses Leave trading for a day if you close two transactions in a row on stop losses, since failing trades produce unpleasant emotions, which lead to bad judgments, and bad decisions lead to a desire to recover. It is critical to learn to track your mental condition and step away from the terminal as soon as possible. Workspace The workplace should be a quiet and pleasant setting where you can concentrate and nothing will distract you from your task. The trading system Your trading system is critical to your success. You must design it based on your trading strategy and risk tolerance. The trading system should comprise the following components: Risk administration. A collection of entrance points. A collection of indicators. Self-control techniques. Profit safeguard approach. Transferring positions to breakeven is a strategy. Various trading methods and tools are available. Make plans for profit distribution and withdrawal. A set of guidelines "What should I do if...". Trader's journal, where you will keep track of your transactions. Savings and income sources To avoid an urgent need to recoup while incurring a major loss, it is vital to save - develop an airbag for 6-12 months of a pleasant living and do not squander it. Savings will be ineffective even in the best-case scenario, but the advantages of the "airbag" are difficult to overestimate. Such accumulations will improve your psychological state since you will be more confident in the future and will not tear your hair out by launching a "transaction for the sake of a deal" and anticipating a quick payoff. It is also vital to generate "cash flows" (other sources of income) for yourself outside of trading in order to increase your passive profit. Profits and interruptions are reduced to zero. "Crashes to zero" and samsara in the shape of a "trader's cycle" are unavoidable, therefore you must plan for "rainy days" by taking action ahead of time. The finest traders can maintain equilibrium for far longer, but they also have breakdowns. Don't think of yourself as an exception. End collapses, extract winnings, and build passive income streams since the ultimate purpose of your trade is to improve the quality of your life. Keep in mind that the funds in your brokerage account do not belong to you, and anything might happen to the broker. Regular withdrawal of cash ensures a constant and comfortable quality of living, since if you lose control of yourself, you will lose just a portion of the assets, not all of them. Create bulletproof stages that will allow your capital curve to increase indefinitely. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
BITSTAMP:BTCUSDEducation
by Crypto4light
4
How To Follow Your Trading Plan In 2023!! 🌲🌲🌳🌳I hope 2022 was a positive year for you on the trading front. My own trading results vary a lot from year to year. Some years I’m profitable, some years I’m not. Even when I follow my trading rules to a T. Such is the nature of trading. For me, 2022 was Interesting to see in The Market. but I didn’t press too much since I had an absolutely phenomenal performance in 2020-2021. I wanted to take it easy, especially since stocks / crypto felt a little toppy for me. and also check this out Post From TradingView But 2022 market conditions were very Unforgiving and the Market Gods have been throwing Dirt at the Disciplined and the Undisciplined. So, if you haven’t made any money in 2022, don't worry because opportunities were not lacking. That being said, know that there will always be opportunities. Human behavior changes over time, but NOT HUMAN NATURE . That’s why you see—and will continue to see—financially exploitable patterns in the markets. Now, whether you made money or not in 2022, it’s important to remain Humble, recalibrate your mindset, and renew your commitment to your trading plan in 2023. Here’s what I suggest you do. Two Steps … First , recognize that the nature of the market makes trading an emotionally charged game by default. Emotions never go away. Over time, and with experience, we just learn not to let them fuel irrational decisions. Second , acknowledge that your emotional states do not need to match your trading rules. This is very important… you don’t have to always feel good about following your trading rules. It’s not necessarily meant to be a “feel good” thing. There’s a reason why following your rules/plan doesn’t feel good: those things give structure to your behavior, and your mind doesn’t like that. Your mind is like a wild animal and likes to do what it wants. I mean, who likes rules? Rules are hard to abide by, especially one’s own rules. If you’ve ever tried a really strict diet, you know what I’m talking about. So, it takes a special kind of courage to still choose to follow your trading rules, amidst the discomforts. And mindfulness can help you access and grow that courage. INFUSING MINDFULNESS INTO YOUR TRADING PROCESS The idea of sticking with your trading rules despite the discomforts is that you need to feel worse before you can feel better. In other words, you need to go through the pain of following your trading rules in the present, so that you can enjoy consistent profitability in the future. This is not an easy and comfortable process. Again, it’s hard. From an early age, we learn to stay away from pain and discomfort. But the thing is, pain and discomfort aren’t always bad, and you can learn to overcome the toxic conditioning of automatically thinking that they are bad by willingly opening up to how you feel. This is where mindfulness can help. Mindfulness is simply being aware of what is happening right now without wishing it were different. It’s enjoying the pleasant without holding on when it changes (which it will); it’s being with the unpleasant without fearing it will always be this way (which it won’t). In that sense, mindfulness is said to not solve your problems, but rather dis-solve them, which is a rather poetic way of saying that it can help you see through your discomforts. By cultivating such a skillful perspective on so-called negative emotions, one can learn to reframe and reinterpret them as just neutral, non-dual information arising and passing. Armed with this new perspective, you can then learn to act in the market with a greater degree of objectivity, and the unpleasant emotions that arise in relation to following your trading rules will no longer hold such power over you. LAST FEW WORDS Before I end this short post, I want to leave you with two things. 🙂 First, a quote from famous German philosopher, Nietzsche: "If you are unwilling to endure your own suffering even for an hour, and continually forestall all possible misfortune, if you regard as deserving of annihilation any suffering, and pain generally as evil, as detestable, and as blots on existence, well, you have then, besides your religion of compassion, yet another religion in your heart (and this is perhaps the mother of the former) –the religion of smug ease. Ah, how little you know of the happiness of man, you comfortable and good-natured ones! For happiness and misfortune are brother and sister, and twins, who grow tall together, or, as with you, remain small together! All Nietzsche is saying is that you need to keep pushing your own boundaries even if it means that you have to suffer pain and discomfort in the process. That’s the only way to grow. Clinging to comfort is one of the worst things you can ever do because “happiness and misfortune are brother and sister, and twins, who grow tall together, or remain small together!” Second, an action step: When placing and/or managing your trades, make sure you have a clear idea of the kind of emotion you’re experiencing. Then set an implementation intention by repeating the following: “I will not blindly react to ( fear, anger, greed… name the emotion ) , Instead, I will use it as a cue to redirect my attention to my trading plan.” and yeah that's it Likewise always Wishing you a Profitable Week and Welcome 2023 . Happy New Year!! and yup Have a Good Day Trader And Investor. Many Thank The Creative persons 'Freya-PasSiFolle 'YVAN.
NASDAQ:AAPLEducation
by Zestiria
3
AUBONACCI GOLD TRADING SOFTWAREHello. In this video, I talk about what I use for Gold trading and also I talk about some of my discoveries including Market Mapping, Future Fibonacci and Gold Phases. For this purpose, I have created software that calculates Pivot ( starting point ) because it is important to know where you start the counting from. Hope this explains briefly what I am doing over here. Remember these are just tools and analysis, trading is the hard part that has to be mastered on its own and no software will help you there! P.S don't ask for the software or anything regarding the info seen here. I don't teach people, I don't sell anything nor give anything out. So relax. Cheers.
FXOPEN:XAUUSDEducation
by user34445100094
3
BUYING DIPS/SELLING TOPS - KEEPING A CLEAN PSYCHOLOGICAL PROFILEHey Everyone, Here at GVFX, we are currently buying dips. What that means is that we buy on the dips and therefore only concentrate on long positions/buys with the odd sells for fun. As mentioned before, having both sell and buy positions open in your account will affect your psychology and in turn, your trading decisions. Now a question that typically arises here is why would it still be advisable to buy when the market is pushing down? Firstly, let me assure you that the same algorithms, experience and strategies that we use to achieve a 97% hit rate with our bullish directional bias also gives us the heads up, or down if you will, on when the market is going down. Don't think for a moment that we only know how to analyse a bull market or up trends. We share targets/signals for both buys and sells but choose not to hedge out of choice. Our published results remain consistently profitable month in month out!! In my experience, in the current market conditions, it is much safer to get out of a stuck buy position than a stuck sell position. That's not to mention the clean PSYCHOLOGICAL PROFILE that is achieved when trading in just one direction. And although hedging can in theory work, it requires years of experience and in the end, is simply not worth the effort. I am more than capable of hedging effectively but the fact that I do not should tell you something. Let us look at an example to further answer the question highlighted above. When you have short-term bearish momentum down, we take buys from key supports or MAs which act as dips. Remember that the market does not go up or down in a straight line (with the rare exception of short-lived parabolic moves). So, when the market is going down and hits one of our key levels, a buy from that point will go back up for 20 to 30 or 30 to 40 pips (this number of pips has been calibrated based on back testing) before resuming back down. You can think of it like this. The market moves in a zigzag manner. The zig is that part of the leg which is going down to create lower lows (if the downward trend is continuing). The zag is that part of the leg which takes a breather and pushes back up with momentum for our entry and quick pip-take range to create a lower high (if the downward trend is continuing) before heading back down again. We catch the right and safest waves (buys) in and out and surf to success. When price hits a key structural support or stops creating lower lows and lower highs, we then reassess for entries with a wider range of pip capture. Hope this post helps our followers to understand how we keep our psychology strong!! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
26
DON'T TRADE ON HOLIDAYS | 4 Crucial Reasons Explained In this educational article, we will discuss why is it recommendable not to trade during the holidays season. 🏦 The main source of problems comes from the fact that the big market players like banks, hedge funds and investing firms are absent. Similarly to ordinary people, bankers and investors prefer to spend the holidays with their relatives and friends instead of staring at charts on Christmas Eve. But how does it affect the market? Big players are the main source of the market liquidity. The liquidity itself is the measure to which an asset can be quickly bought or sold in the market at a price of its quotes. Therefore, when the big players are missing, the market liquidity drops. 1️⃣ That fact instantly reflects in the market spreads. They become substantially bigger, directly increasing the costs of each trade and making it problematic to open a position at a desired price. 2️⃣ Secondly, low liquidity leads to a decrease in volatility. The market becomes weak and indecisive. As traders, we make the money on market moves. Our goal is to catch a bullish or a bearish wave. Their absence deprives us of profits or, at least, dramatically decreases them. 3️⃣ Thirdly, when the liquidity is low, even small market participants can move the market. It dramatically increases the probabilities of false signals. Relatively low trading volumes may manipulate the market, substantially decreasing the efficiency of technical and fundamental analysis. 4️⃣ The increased costs of trading, low volatility and manipulations should have convinced you to stay from charts during the holidays season. However, the main reason to not trade on holidays is much simpler. Holidays give you an opportunity to stay with your family, to take a break, to recharge and relax. Even a part-time trading is very exhausting and requires a constant attention. Let yourself be distracted and return after holidays. I wish you a great holidays season, traders! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
17
Trading with Candlesticks Harmony - Above 80% Win RateIn this video I discuss how to use simple wave-analysis and how to use candlesticks harmony in 5 or 15 minutes time-frames to trade with success. This sterategy even works on 1 minute time-frames for some forms of countable harmonies... --- Gerald Mann was born Mr. Peiman Ghasemi on February 16, 1988. He got deported from Turkey to Iran where he is exit banned now. Alongside trading, he is also wishing to gain the freedom to leave the country. On the other side the silence of the related governmental departments of the U.S. is obvious. There is no answer.
SP:SPXEducation
by GeraldMann
What problems can a trader face and what are the reasons behind?What problems can a trader face and what are the reasons behind this? Trading is an exciting activity, but for a beginner, there are many difficulties along the way. Today we will talk about a few of them, revealing the reasons for their occurrence! Fear of closing a position by stop loss or fear of loss. Often the reason for this lies in the trader's fear of failing and losing faith in himself. Too early exit from profitable trades. This may indicate excessive emotional involvement and dependence on the result. In this case, there is a strong anxiety, which is removed when the position is closed. Adding to a losing position (averaging). This sign may indicate the unwillingness of the trader to admit his own wrong and fear to take responsibility for the results of trading. Excessive joy from a profitable trade. This signals that a trader's self-esteem is directly related to trading results. Restriction of profits and a feeling of undeserved success. Internal belief that the trader does not deserve the money he has earned: the "impostor syndrome" that annoys many specialists. Oversize position. This is an alarm sign that warns that the trader does not fully understand the risk and does not understand the importance of good money management. ost-Trading Irritability: Emotional swings caused by anger, fear and greed. A trader attaches great importance to the results of trading, and not to the trading system. At the same time, he forgets about learning new tools and personal development. You can't afford to lose. This problem is typical for trading on borrowed funds or on family savings. From this, the trader's fear of losing becomes stronger, and the clarity of thinking becomes weaker.
BITSTAMP:BTCUSDEducation
by Crypto4light
THE FOREX SUCCESS PYRAMID What is your recipe for success in trading? Developing traders often don’t understand, when you are asking to be a successful (or professional) trader, you are asking not just to build a pyramid, but to sit on top of it. What most forget is the base is the biggest part of the pyramid and the foundation for building higher levels. As the pyramid continues to grow higher, it gets a little more complicated, but you have a base (foundation) and structures in place to carry the stones up to the higher levels. But just like a pyramid, there are more stones at the base and this takes more time to build. Also like a pyramid, there are more traders at the base (not making money or breaking even) then there are at the top. However, with structures and rhythm in place, the fruits of your labor will result in a steady conditioning of your muscles (discipline, diligence and psychology). This will allow you to take on greater and greater heights, challenges and climb the pyramid of trading. Having forex trading discipline, diligence and psychology will give you a sense of confidence and a feeling of mastery over the process. This is the pyramid of trading and the attributes needed to climb to higher levels. While most traders spend time trying to find profitable trades, or the next great system, make sure you take time out to build the attributes which develop your trading muscles (discipline, diligence and psychology). By yourself this can be a very difficult task so it helps to create mechanisms in your life to build these habits. Please, like this post and subscribe to our tradingview page!👍
OANDA:BTCUSDEducation
by EliteTradingSignals
4
Trade With The Trend And Watch Out For Liquidity SweepsHello traders In this example, we will explain how to trade with the trend and use liquidity as an additional confluence. 1) Price makes a new higher high, momentum is present. 2) After momentum, the price begins to create liquidity, as we talked about in one of the previous posts. Liquidity is a trap for retail and other traders. 3) We see that this is precisely why the manipulation took place, liquidity was picked up, and then the price moved impulsively towards the uptrend. 4) Price creates a new demand zone and impulsively continues bullish again. We see strong momentum. 5) In this situation, we see an excellent trend, we know that the price wants to continue bullish. 6) The price creates liquidity again and at one point, manipulation occurs again, we see a liquidity sweep, and the price from our zone impulsively continues to the uptrend. - In the next post, we will show you this example on a chart so that you can better understand this concept. - This is all about today's example, if you liked it, leave a like and write below in the comments if you have any questions.
Education
by hybridtradingfx
5
Cognitive bias in TradingAnchor Effect This cognitive bias causes a tendency to over-trust other people's judgments. And in a situation of uncertainty, the desire to find a foothold increases, which issomeone's authoritative opinion. The anchor effect makes traders look for hints of trend changes from analysts, and in advanced cases, from astrologers (however, they are not much different from each other). And even consult with "colleagues" on the forums, breaking through all levels of thebottom. What to do? Think with your head Monte Carlo effect If two independent events occur sequentially (one after the other), a person tends toconsider them interconnected. And calculate the probability of the second eventoccurring in relation to the first What to do? Remember that the question: "Will mynext deal successful? there is only one answer: "Maybe it will, or maybe not." Atrader generally does not have the right to think in terms of individual transactions Irwin effect (valency effect) Sometimes, when we really want something, we tend tooverestimate the likelihood of a positive outcome. And vice versa - underestimate the probability of anegative. It can be said in a simpler way, without any valencies:unreasonable optimism is turned on. Traders often have this cognitive bias when making decisions. Because I really want money... What to do? Turn on defensive pessimism Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
BITSTAMP:BTCUSDEducation
by Crypto4light
2
ANALYSIS OF THE BULLISH MOVEMENTHello everyone! Today I want to discuss with you the bullish movement or bullish momentum. The topic is interesting, and most importantly profitable! Beginning of observations To begin with, we need an uptrend. If you open long positions when there is an uptrend in the market, you will make a profit more often. The best entry point will be a reversal, after correction. This is the moment we are waiting for. The beginning of the correction will be marked by the renewal of the lows and the scrapping of the upward trend. An imbalance appears on the chart, usually in the area of the level breakout.. Reversal+position opening The beginning of an upward movement begins to emerge when the price cannot update the minimum and begins to form each new minimum above the previous one. In addition, the structure breaks down and an imbalance appears in the area of breaking the level up. Long positions can be opened at these points. If you did not have time to open a position or want to wait for a conservative opportunity to enter, you can open a long position when the price returns to the previously broken level and tests it again. Goals Previous highs may be the targets. This price movement pattern is observed on all timeframes every day. With the correct use of this method, if you have trained well and learned how to correctly identify these points, you will be able to earn. Train, study and earn . Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Education
by Lingrid
11