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How Ya All Guys Liking This ApeCoin Futures Trade!!!!!!Padawans, How are you Liking this Ape coin Trade Futures Trade! Your Lightsabers must be tired. Over the last few weeks we have been posting numerous successful trades and persons message to ask how do i do it. Well these last few weeks I have been perfecting trendline trading not really a novel strategy but especially for futures it is essential to get the entry right. I essentially look for breakdowns of the trendline and then wait for consolidation and then THEY produce a new trendlines. I update all my trades telling you to enter or to re enter based on this. Now this week we had two failed trades, 1 was a scalp and 1 was Snx and a Forex Pairing. Snx was human error, ii actually gave the signal at the resistance to upper band of the trendline while i should have waited for the retest and then well bitcoin crashed. The most interesting one however was the forex pairing and it lead me to realize that I need to do my trendline analysis on large time frames for forex pairings. On crypto you can get away with using the 15 minute chart but in all my test in forex you are 50% likely to get wrecked. This may be a yawn, i already knew that moment for some of you but we are developing as we go. Also lastly, here we were using multiple confirmations because there was also price level support which was $10.58 cents and that support has not broken not once in the last three days,.
by Skywalker-thelastjedi
1
8 Difference Between Pros And Amateurs In Day TradingIt doesn’t matter how long you’ve been trading; there is always room to improve your approach and become a more profitable trader. To be a successful day trader, you need to learn what the pros do, implement their tools into your methods, and constantly be willing to improve your strategy. 1. Have a strategy. This may seem simple but almost all amateurs trade purely based on emotion, gut feeling, or tips from their friends. Maybe they even have a trading strategy, but for some reason they still don’t follow it. Pros always stick to their strategy under any circumstance. 2. Stick to the strategy like a robot. Pros always follow their strategy because they realise that reliable data is more valuable than trying to get lucky on big traders here and there. Even if they aren’t confident in a trade, they realise that they created the strategy for a reason, based on historical market data, when they were thinking clearly, and that following their strategy will produce consistent profits long term. When you don’t follow your strategy, or you take profits early, or move stops, that invalidates all of your historical results and future results, which means you never have any reliable data you can use to improve your trading. 3. Pros don’t get emotional when trading. When it comes to managing your emotions in trades, pros have an amazing ability to recognise how they’re feeling in the moment, and use that information to avoid taking bad trades or to improve their good trades. While amateurs tend to avoid even considering the fact they may be trading emotionally, and fail to recognise when it’s impacting their trades. 4. Pros don’t hold onto their losers. It’s common for beginners to hold onto a trade that’s gone against them a bit. Often, they will wait for it to get at breakeven to get out – and then it continues to go down and down until eventually they’re forced to sell for a big loss, only to be left feeling like an idiot when the market does turn around. Pros, on the other hand, cut their losers early, and look for the next trade. Pros don’t get attached to any single trade and they realise there are plenty of opportunities in the future. 5. Pros let their winners run. A common mistake of amateurs is to close their trades early and take the profit. Hey, you can’t go broke taking profits, right? Wrong! Nothing could be further from the truth. You absolutely can go broke taking profits and it’s actually a common mistake for beginner traders. When you try to avoid losses by taking profits early, it reduces your average win, and negatively impacts your risk:reward ratio which is a recipe for disaster. You need to know how to effectively set your take profits and stop losses so that you have a positive expectancy, and remain profitable long term. 6. Pros keep a trading journal. Pros track literally every aspect of their trading. They want statistics on everything so they can fine tune their trading approach based on any little statistic that is lagging. They want detailed statistics on winrate, average win, average loss, expectancy, trades per day, winrate based on time of the day or day of the week. They’re going to track literally everything they could possibly use to give themselves an advantage. 7. Pros constantly study the market. Besides keeping an eye on things like technical indicators, pros will always spend time looking at the news, their trade journals, studying books and anything else they can get that improves their trading knowledge and performance. Pros always want to get smarter, but that’s not to say that they spend all their time studying - one of the reasons we day trade is for freedom to live life on our terms. But that doesn’t mean we should set aside some time every day for study. 8. Pros have realistic expectations. Pretty much every beginner comes into day trading with the expectation of being able to double, triple, or even quadruple their money in a matter of weeks. With this goal in mind there is literally no other option than for them to trade with unlimited risk. Pros realise what kinds of returns they can actually expect as a day trader - and most of the time it’s a lot less than doubling your money every year. Day trading is a long game, and results never come overnight. To be successful in this field you should be consistently looking to improve your approach in every aspect. I hope you found this guide helpful and it serves as a reminder to keep working hard to reach your goals. Happy trading!
CAPITALCOM:RTYEducation
by BrendanMurphy
Economic data that a trader should be able to understand.Part 1. No matter how well you use technical analysis, you should still follow the fundamental news. Fundamental news can push the market against you and destroy any pattern and even reverse the trend. Every professional trader uses an economic calendar for this purpose. Thanks to the data from the economic calendar, you can predict when the market may start behaving unusually, and with proper analysis of the reports, you will be able to determine the future price movement. Today we will talk about these reports, what they mean and what to do with them. Employment The employment data takes into account the total number of employees – both ordinary employees and self-employed citizens. Employment data are important because they are an indicator of the current potential of a country's economic productivity. The production of goods and services directly depends on how many people have the desire and opportunity to work. If all of them are employed, it means, obviously, the country is not able to produce more, because it has no unused labor force. Employment is highly cyclical because when demand for goods and services increases, companies tend to increase working hours instead of hiring new workers. When the economy begins to deteriorate, companies prefer not to reduce working hours, but to get rid of extra workers, because layoffs allow you to save on pension and other deductions, which are usually very expensive. Economists track the addition of working hours and the number of overtime hours, defining them as positive changes for the employment sector. If these indicators begin to fall, it may mean a slowdown in the economy or a potentially possible entry into the recession phase. Unemployment The unemployment data takes into account the total number of people who can and want to work if they have the opportunity, but do not have a job. Unemployment is highly cyclical for the same reasons as employment. They are opposites of each other. These data are important because they are an indicator of excess labor, which economists tend to regard as wasted resources. Unemployment is also called unemployment. There is a natural unemployment rate. Companies can only hire a certain number of people. At some point, the competition for employees becomes very high, because there are few vacancies. This, in turn, increases inflation, as hours worked and average hourly wages increase. People are starting to have more disposable income that they can spend inside the economy on expensive items such as cars and houses, which will cause inflation to rise. The inflation rate is of great interest to us, as central banks pay a lot of attention to it. Keeping inflation at the levels outlined in their policies and financial mandates is part of their job. Too high or too low inflation will force the central bank to intervene in financial markets. Personal income and Disposable Income In these data, the total income of the population after deduction of taxes to the state is taken into account. They are important because they are the basis for consumption and for personal savings within the economy. Personal consumption and spending account for about half to two-thirds of GDP in developed countries, which makes these indicators extremely important. When people's personal incomes grow, chances are high that they will start spending more money inside the economy. When there is a shortage of personal income, it is very unlikely that people will have a desire to spend the little money they have on goods that are not necessary for survival. Economists pay attention to the steady growth of real personal income. If it is too fast, it will cause a sharp increase in inflation. If it is too slow, it can lead to deflation, which is very bad for the economy (and for the positions of bankers of the central bank). By the way, we will devote a separate article to inflation and deflation, as this is a very important topic. Don't be afraid, we've got it all covered! Consumer and Personal Expenditure, Private Consumption In this type of data, total expenses are measured. In other words, how much each person consumes on average. They are important because they are a key component of GDP along with personal and disposable income, as they show how much money each person is ready to spend on goods and services at the moment – both necessary and just desired. Don't forget, spending is something very serious for developed countries. Economists track the dynamics of changes in real interest rates in order to adjust their views on the economy. For example, if expenses grow by 6%, and prices rise by only 4%, then real expenses have increased by only 2%. Positive and negative changes in spending on durable goods (for example, cars, washing machines, agricultural equipment) can be an early signal of changes in the economic situation. An increase in the number of purchases is regarded as a positive phenomenon, while a decrease in purchases is generally considered negative for the economy. an overview of the rest of the economic data can be found in the next article. all the best.
Education
by DeGRAM
9
Cryptodollars Tether USDT - instructions for beginnersIn 2015, an unknown company, Tether Limited, issued its own token, undertaking to exchange it for real US dollars at a rate of 1 to 1. At that time, this crypto asset was profitable to use: Cryptocurrency exchanges in order to avoid the requirements of the Regulators for the verification of traders depositing accounts in traditional currency (fiat); American investors, so as not to pay taxes on every exchange of cryptocurrencies for fiat. Traders can now safely use Tether USD without worrying about a possible scam. Moreover, USDT issuance tracking allows traders to see when big capital cryptocurrencies enter the market. The release of any token is public information available through the blockchain explorer programs, whose statistics are analyzed by various specialized services. Notification about large tranches of Tether USD, as well as other cryptocurrencies, can be received, for example, through the notifications of the @Whale Alert channel. The extent to which the USDT emission is related to the Bitcoin rate is demonstrated by the historical graph of stablecoin capitalization. So these tokens began to be called at the end of 2018, when the first competitors appeared, repeating the economic model of Tether. Tether USD can be used to pay for goods, replenish bank cards, get a loan, or invest in DeFi services in order to receive interest on a deposit. Moreover, the USDT token is ideal for Forex traders to deposit and withdraw funds. Choose Token and Wallet Before replenishing an account or withdrawing a deposit in USDT cryptodollars, a trader needs to decide on the type of token format. Behind each of them is a blockchain, where the size of the commission is determined by miners who collect transactions into blocks. The fees are floating, depending on the load and bandwidth of the network blocks, the amount of the transaction does not matter. A trader can transfer one dollar or a billion for the same amount of deductions to miners. At the time of writing, the average translation costs are: In the OMNI protocol - $28; Ethereum blockchain - $12; Blockchain Tron and Binance - about $1. Tether, for its part, makes an equal bet on Ethereum and Tron, placing about $24 billion of USDT emission there. The Omni protocol is practically abandoned. The list of wallets must be taken on the website of the developers of the cryptocurrency that the trader has chosen. The crypto wallet has a seed phrase - a set of words that helps the user regain access to his deposit from any device. Knowing this phrase of 12 words, you can not be afraid of any force majeure, because the cryptocurrency is not stored in the wallet, but in the blockchain. A seed phrase is a list of random words (12, 18, or 24 words) used to recover your funds in case you lose your password to your wallet application or the device on which your wallet is installed. The seed phrase is usually generated when you set up your crypto wallet By the way, the first Tether USD transaction can only be seen in the browser; in order for this balance to be displayed in the wallet, USDT will have to be added manually, this feature is explained by thousands of types of digital currencies on the Ethereum blockchain. Upon receipt of tokens from a broker, they can be withdrawn to any popular electronic wallet or bank card, if the account has: ETH cryptocurrencies for the ERC-20 format; TRX cryptocurrencies for the TRX-20 format. The last very important point is the network commission. The purchase of ETH and TRX is necessary just to pay for it. USDT tokens, like any other asset in the ERC-20 format, cannot be withdrawn from the wallet without a fee to miners, which is charged in gas. The only problem is that when exchanging USDT for fiat, the trader will have to pay a commission to the miners. Many wallets set it to the maximum bar. We check the average fee here and fix it manually in the wallet, this applies to the ERC-20 token. In the case of TRC, the commission is almost always quite low, up to $1. Deposit in USDT The account replenishment operation is no different from the above procedures. Having decided on the stablecoin format from the list supported by the forex broker, the trader must start by choosing and opening a crypto wallet. Some beginners aim to simplify this process by sending USDT directly to the broker's address via an exchange. It is worth remembering that the broker requires the deposit address to match the withdrawal address, which in the case of an exchange will be random. Similar problems will arise when trying to replenish a deposit in the Forex market directly from a cryptocurrency exchange. She also uses random addresses for output. Address permanence can only be guaranteed by these companies for accepting payments, not for withdrawals. Having opened his own wallet, the trader must receive USDT on it, and then transfer it from his address to a brokerage account. The problem is that the last operation will require payment of gas, therefore, you will have to replenish your wallet in two cryptocurrencies - ETH (TRX) and USDT. So, to work with Tether ERC-20, we first need to buy Ethereum, and then exchange part of Ethereum for Tether USDT. Sincerely, R Linda!
CRYPTOCAP:USDTEducation
by RLinda
IMPORTANT ABOUT PRICE ACTIONThe market is constantly in motion and constantly changing. Every new day is different from the previous one. At some point, the market movement stops, the sideways movement begins and people start losing money because they do not know how to switch from one market structure to another. At such moments, newcomers begin to doubt their strategy and blame it for losses, eventually abandoning it altogether. Such actions do not lead to good results. If a trader cannot keep his composure during a loss streak, then the market will beat him every new week again and again. At such moments, you should keep in mind the four truths related to Price Action and Forex trading. These truths can keep you afloat and keep you from going crazy. 1. Price Action is not a "system" Price Action is not a complete trading "system". This should not be forgotten. You cannot mindlessly believe every Price Action signal that appears, as it seems to you, on the chart. You have to think and choose the best entry opportunities. You should be careful, start trusting your intuition, which will start working correctly only when you get enough bumps, that is, gain experience. 2. Does Price Action work? Price Action appeared back in the 18th century, and it worked then, it works now and will work in the future. The thing is that Price Action is based on logical principles that work outside the market. At the same time, do not forget about the losses that are inevitable. Price Action is not the holy Grail. You must be disciplined, be able to correctly understand and use the signals that Price Action gives. Even the best traders have unprofitable positions, while professionals do not allow losses to destroy the entire account. Moreover, profitable positions cover losses, after which there is still money for life! 3. Candles and Price Action Many beginners, having studied the Price Action patterns a little, having learned the candlestick formations, run to trade and lose money. Price Action is not only candle formations, the main strength of Price Action is reading the entire chart and understanding the situation, understanding how the price moved before, how it is moving now and what is likely to happen in the future. You must learn to feel the mood of the market, not be afraid to look at the older timeframes, be able not to lose sight of the big picture. It is the poet who advises trading on higher timeframes in order not to lose sight of the movement of the main trend. 4. Persistence in trading Forex trading is not the easiest activity that requires you to improve yourself every day. If you decide to really become a profitable trader, you will inevitably begin to develop the best in yourself and destroy the worst. Trading will make you a disciplined, stressful person. You will treat losses correctly so that they do not lead you astray. You will take the time to plan not only your transactions in the market, but also your life in general. You will have to start doing all this, because otherwise you will not be successful in this business. Trading is a test of your stamina and mental capabilities. YOU should not go crazy with losses and should not lose your head when making a profit. You should not doubt your strategy at losses, you should analyze. Without all of the above, trading can destroy you and your account. Do work on mistakes, rest when you feel that you are losing control of the situation, develop and analyze removing harmful emotions away. You have to treat trading as a real job – seriously and responsibly, and then you will stop losing and start getting. Good luck! 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
14
HOW TO use asymmetric compounding 🧐📈The pair in question and four winning trades allows me to cover a subject I've wanted to touch on. That subject is asymmetric compounding. Asymmetric compounding is a money management strategy that can accelerate the equity curve of an account. But you need the right strategy and data available to back up using asymmetric compounding. Higher the win rate the more asymmetric will work wonders on that equity curve. In simple terms asymmetric compounding is best suited to strategies with higher win rates as you need consecutive wins to make it work. The main reason for using this NZDUSD chart is the four winners in a row make it easier to explain the concept of asymmetric compounding. You traders should know the full ins and outs of your own strategies and if this can be applied. It's not just win rate also RR along with max losing and max winning runs need to be factored in. For this example on the four winning trades I am explaining the concept basing it on risking 2% per trade on the initial trade. As this strategy is a 1:2 risk reward strategy risking 2% sees us gain a profit of 4% on one winning trade. This is where you can then use asymmetric compounding on your next trade. Instead of risking 2% again you now risk the 4% gained from the previous trade on this trade. If the trade goes on to win the 4% risked on that trade has just earned 8% in profit. At this point you go back to risking 2% on the next trade until you have a win and then risk the 4% gain from that winning trade. The chart shows four winning trades at 1:2 RR so lets test the concept in numbers. If we was to risk 2% per trade on a £1000 starting capital account the results are as followed. Trade one 2% risked 4% gained= £1040 capital. Trade two 2% risked 4% gained= £1081.60 capital Trade three 2% risked 4% gained= £1124.86 capital Trade four 2% risked 4% gained= £1169.85 capital Now if we apply asymmetric compounding to the same trade sequence staring back at original 2% risk after two winning trades Trade one 2% risked 4% gained= £1040 capital. Trade two 4% risked 8% gained= £1123.20 capital Trade three 2% risked 4% gained= £1168.13 capital Trade four 4% risked 8% gained= £1261.58 capital Using asymmetric compounding on these four trades see a capital increase of £91.73 more than just risking a flat 2%. Below is an example of using a 1:1 RR strategy risking 1% per trade. If trade is a winner then risk 2% on the next trade which is the profit and the risk from the previous trade. # If that trade wins go back to the intial 1% risk then risk 2% again if that trade wins. This is a great concept to grow small accounts or even pass funded challenges as with the trades shown on the idea chart you would pass most prop firm challenges in two trades using asymmetric compounding. However I can't stress enough you as the trader need to know you own risk appetite for this. You also need to factor in how good your win rates and how often your strategy has seen winning runs that would benefit this concept. One way to found out is to back test and forward test your strategy to see how asymmetric compounding could work for you. Thanks for taking time out your day to read over my idea. Ill see you on the next one 👍 Darren
Education
by pow_removetheguesswork
Making A Signal In Tradingview Pinescript In Under 20 MinutesHave you ever wanted to combine two technical analysis indicators into a single signal to find your own way of making profit? This video is a tutorial where I take two stock Tradingview Pinescript indicators and combine them into a signal that makes it easier for the user to spot with their eyes when an even occurs on a chart. By following along I hope the viewer can learn the basic process of repeating this for their own research!
SP:SPXEducation
by norok
26
Moving Average Cross Over StrategyWe start by creating a visual for when all moving averages are in order and across the 200 moving average . In this example, I have used a vertical line in the colour of our bias direction, Long(Green) , when this condition has been met. We now have an increased confidence by filtering out trade setups that do not meet our bias giving a higher probability and focus. Levels of previous resistance give us a price that we can enter the market by turning into a new level of support . In this example I have highlighted this with a red arrow located on the left hand side. Now we have a trading bias and a methodology to set price restrictions to enter the market, we can now trade only long positions and trade setups . In this example I have highlighted long opportunities that have been triggered with arrows in green located on the right hand side. Entry points can be executed on either the daily , 4hour or 1hour charts depending on risk and trading style preference. Please note - Lower time frames may generate more signals which presents more risk.
Education
by Youza
What is Head and shoulders pattern and how to trade with that?*The Head and Shoulders ( Bearish ) pattern is one of the most popular and best known price patterns in trading. This is a very accurate trading signal if you know how to use it properly and flexibly. *What is Head and Shoulders? How to identify and characterize Head and Shoulders is the name of a special type of price pattern that usually appears at the end of uptrends. This is a signal of future downtrends. It is called Head and Shoulders because the shape of this pattern on the price chart is similar to that of the human body including Left Shoulder, Head, and Right Shoulder. The line connecting the two troughs of the shoulders is often called the neckline. In fact, this pattern is perfect when the Neckline is horizontal (the prices of the two lows are approximately the same). How to trade with this: ENTRY POINT : Right after the candlestick breaks out of the neckline (or at the Retesting the neckline ) STOP-LOSS : At the peak of the right shoulder. TARGET : Usually, Head and Shoulders is a pattern for starting a downtrend. Therefore, adjust the first target to the height of the neckline to the top (H) of the pattern and adjust the next targets according to the past price and chart. This is the academic shape of this pattern, in the future we will publish other types of head and shoulder patterns 📚 . Please follow our page to be informed as soon as the materials are published. Thank you all for supporting our activity with Likes 👍 and Comments ❤️
Education
by NamchaTa
Trader's DiaryHello everyone Today we will talk about what most traders avoid and underestimate - Trader's Diary. Traders believe that the Trader's Diary is a waste of time, but in fact the Trader's Diary directly affects the trader's income. Why keep a trader's diary? If you keep a diary honestly and impartially, over time you will gain a lot of statistics of inputs, outputs and emotions experienced when trading. This is a useful database that will help identify weaknesses and recurring errors, helping to fix and not repeat them again. What should I write in diary? Date and time of the signal occurrence. The chart at the moment of entering the market , for clarity, you can make notes justifying the actions of the trader. If the work is done on graphical analysis, then markup is needed. The result of trading. Regardless of whether the trade is closed by take profit, stop or ahead of schedule manually, it is advisable to attach a chart. Comment. The trader's thoughts on entering/exiting the market are briefly indicated here. It is advisable to record emotions, for example, "the signal complies with the rules, but there is a feeling that it is not worth entering" or "the graph has not reached the Fibo level a little, the volume has been reduced". This is the necessary minimum. You can also add the following items to the report: Maximum drawdown as a percentage and in the deposit currency. Volume. The state of capital after the position is closed. The duration of keeping the transaction open. Losses due to swap, spread. How not to keep a journal The key violation of the rules when keeping a diary is a frivolous attitude towards it. If you keep a journal only to comply with a formality, then it will not be of any use. With this attitude, important information concerning psychology and emotions is guaranteed to be missed. If a trader is lazy, does not accompany transactions with illustrations of the state of the market, forgets to make part of the transactions, the value of the report decreases. Analysis of trade and your emotions at the entrance When analyzing trading, the most difficult thing is to give your actions a sober assessment. If, for example, you put out a limit order in violation of the strategy rules, and this caused a loss, you do not need to explain your blunder by external factors. That is why it is extremely important at the time of entry to indicate not only the technical characteristics of the transaction, but also emotions. Nobody will control the correctness of keeping a diary, you need to learn this yourself. As for the analysis, after accumulating an array of statistics, first of all look for emotional losing trades. This is one of the most common mistakes of traders. I recommend starting the optimization of trading with this. Resume A trader's diary is a tool that indirectly affects the results of trading. It teaches you to work in a measured manner with a clear assessment of each entry point. Keeping a diary allows you to eliminate the emotional component from trading over time, and thereby improve results. I recommend getting used to keeping a journal from the very beginning, entering information on all transactions into it. Regular analysis will show weaknesses in trading, it remains only to eliminate them and continue trading. To facilitate the task, you can use auxiliary services that collect an array of statistics in automatic mode.
Education
by DeGRAM
4
TOP 5 CURRENCIESHello! Today we will discuss the five most popular currencies. Currently, there are 180 currencies in active circulation in the world. Most of the transactions made in the foreign exchange market are made using only about half a dozen of these currencies. If you are familiar with the Pareto principle, then it applies very well in the real world. This article will provide you with an overview of the currencies currently dominating the foreign exchange market. The five most traded currencies in Forex are listed below, with reasons for their popularity: * US dollar: The dominance of the US dollar as a currency is undeniable. In truth, this currency has no serious competition. Such popularity is due to the long-term stability of the government and the economic dynamism of the United States. It has a very stable value due to the fact that it is not greatly affected by inflation over a long period of time. Many foreign governments literally hold on to dollars as a reserve currency, mainly because that currency is used for international transactions. Needless to say, the US dollar is on a pedestal and its status as a currency is unparalleled – or rather, not yet. * Euro: The US dollar as the main currency definitely needs a second currency. Surprisingly, this currency is one of the youngest, and it is considered the official currency from Finland to Portugal and from Slovakia to Slovenia. The Euro is the next most traded currency among all currencies in the world. Currently, there are about 500 million people in Africa and Europe who use this currency for trade. The value of the euro is likely to increase over time. *Japanese yen: The Japanese yen has become so important nowadays because its value has tripled. Because of this, Japanese firms have taken advantage to acquire several procurement-related positions from many institutions in the United States. Through these developments, the yen has gradually become one of the most important currencies used in the foreign exchange market. * British pound: The pound sterling has lost some of its glory. Decades ago, it was the second most widely used currency, but with the decline of the British Empire and the rise of the euro, the pound fell by the wayside. Today, the pound is used in only 6% of all foreign exchange transactions. If you're wondering why the pound suddenly dropped to number four, the best answer is that it's in a relative vacuum. The United Kingdom government has fixed its price against the dollar, and this is not good, because it no longer reflects the real value of the currency. * Australian dollar: This currency was created in 1966 as a replacement for the now obsolete Australian pound. Since then, it has become one of the most popular reserve currencies circulating throughout Oceania and the Asia-Pacific region. Gradually, it has become one of the most preferred currencies for trading. conclusions In the 21st century, foreign exchange is moving towards diversity. Investors pay attention to the stability and volatility of the currency. In addition, the reputation of the economy and the security of the state matter in the selection process. Finally, another factor that is taken into account is the extent to which the currency is used. Due to the high volatility, trading these pairs is faster, which can help you quickly win big or lose everything quickly. Good luck! 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
41
US Oil Spot - Head and Shoulder PatternThis is an example of a head a shoulder pattern that worked to perfection. The two shoulders and the head can be distinguished very easily. We can also see a negative divergence with the RSI at the top of the head, which shows declining momentum. After the break of the neckline, we can see a throwback towards it before the resumption of the down move. Finally, the minimum target after the break of the neckline was hit. Indeed, to find the price target, we take the distance from the top of the head to the neckline and subtract it from the break of the neckline. Here, the target was 99.31.
FX:USOILSPOT
by tchamoun
What is Flag pattern and how to trade with that?Flag Pattern (Bullish) * One of the most common patterns of price trend continuation is the FLAG pattern. How to identify this pattern? How to use it in trading most effectively?I will cover it all through this post. * The Flag pattern is a type of price pattern in bullish trends. This pattern consists of a strong increase (called a flagpole), followed by a countertrend with two levels of Resistance and Support (called flags). The price forms this pattern after a strong increase. It then breaks out of the Resistance and continues rising, marking the end of the pattern. This is a very common behavior of prices during an uptrend. * After breaking out of the Resistance, the price can retest this new Support. How to open an order : Entry Point : Right after the candlestick breaks out of the Resistance. Stop-Loss : At the bottom of the price channel (the lowest point of the support). Target : At the price whose, from the entry point, the length is equal to the length of the flagpole. * In the future, we will publish other patterns such as Triangle, head and shoulders, wedge and other educational materials 📚 . Please follow our page to be informed as soon as the materials are published. Thank you all for supporting our activity with Likes 👍 and Comments ❤️
Education
by NamchaTa
The analysis of the behavior of major player Part 1I would very much like to share with you my knowledge about the behavior of large players in the market, how to notice them and how to use it. It's very interesting and in fact you can talk about it for a very long time, people have been studying these strategies for years. I will try to explain the simplest first, this will be the first part. If you look at the chart that I have shown, you will see the level underlined with a blue line, this is it, the stops of a major player, in the event of a breakdown of this level, a major player will exit by stops, which means a sale, since closing by stops for the exchange is tantamount to sale. Thus, at this moment, the price is guaranteed to go further down.😉 It was a first part. Best wishes. I will happy to see you in next parts😊
Education
by MiriamRapoport
Forex Trader Career: Pros and consForex trading, which is often perceived as an easy career for making money, is actually quite difficult, although very exciting. Due to high liquidity, round-the-clock schedule and easy accessibility, Forex trading has become a popular profession, especially for people with financial education. Being your own boss and comfortably earning money using a laptop/mobile phone when it's convenient for you is sufficient motivation for both young graduates and experienced professionals to consider Forex trading as a career. Advantages of a Forex trader's career There are several advantages that a career as a forex trader, also known as a currency trader, gives. They include: Low costs Forex trading can have very low costs (brokerage services and commissions). In reality, there are no commissions – most forex brokers profit from trading stocks or other securities, where the brokerage structure varies greatly, and the trader must take into account such commissions. Suitable for different trading styles In the foreign exchange market, work all day, which allows transactions in its convenience, which is very beneficial for short-term traders who, as a rule, take positions for a shorter period of time (say, a few minutes to several hours). Few traders make trades outside of business hours. For example, daylight time in Australia is night time for the east coast of the USA. A trader from the United States can trade Australian dollars during business hours in the United States, since no significant developments are expected and prices for the Australian dollar are in a stable range during such non-business hours. Such traders use trading strategies with large volumes and low profits. They are trying to make a profit on a relatively stable duration of low volatility and compensate for this with large volumes of transactions. Traders can also open long-term positions, which can last from several days to several weeks. Thus, Forex trading is very convenient. High liquidity Compared to any other financial markets, the forex market has the greatest amount of price manipulation and price anomalies, thereby providing narrower spreads, which leads to more efficient pricing. There is no need to worry about high volatility during the opening and closing hours or about stagnant price ranges in the afternoon, which are typical for stock markets. If no major events are expected, similar price patterns (high, medium or low volatility) can be observed throughout continuous trading. There is no central exchange or regulator Since it is an over-the-counter market operating worldwide, there is no central exchange or regulator for the forex market. Central banks of various countries from time to time intervene as necessary, but these are rare events that occur in extreme conditions. Most of these developments are already perceived and evaluated by the market. Such a decentralized and deregulated market helps to avoid sudden surprises. Compare this to stock markets, where a company can suddenly declare dividends or report huge losses, which will lead to huge price changes. Such deregulation also helps to reduce costs. Orders are placed directly with the broker, who executes them independently. Another advantage of deregulated markets is the ability to open short positions, which is prohibited for some security classes in other markets. Volatility is a trader's friend Major currencies often exhibit strong price fluctuations. If trades are placed wisely, high volatility opens up huge opportunities for profit. Variety of pairs for trading There are 28 major currency pairs involving eight major currencies. The criteria for choosing a pair can be a convenient time, the structure of volatility or economic development. A forex trader who loves volatility can easily switch from one currency pair to another. Low capital requirements Due to the narrow spreads in points, it is easy to start trading on the foreign exchange market with a small initial capital. Without additional capital, it may be impossible to trade in other markets (for example, in the stock, futures or options markets). The availability of margin trading with a high leverage ratio (up to 50 to 1) is the cherry on the cake for Forex transactions. Although trading with such a high margin comes with its own risks, it also makes it easier to get more potential profits with limited capital. Ease of entry There are hundreds of fundamental analysis for long-term forex trading, which gives traders with different levels of experience a huge choice for quick entry into forex trading. Disadvantages of a Forex trader's career Lack of transparency Due to the deregulated nature of the forex market, which is dominated by brokers, they actually trade against professionals. Working with brokers means that the forex market may not be completely transparent. A trader may not have any control over how his trading order is executed, may not get the best price, or may have limited views of trading quotes provided only by his chosen broker. A simple solution is to deal only with regulated brokers that fall under the competence of broker regulators. The market may not be under the control of regulators, but the activity of brokers is under control. Comprehensive pricing process Forex rates depend on many factors, primarily global politics or economics, which can be difficult to analyze information and obtain reliable conclusions for trading. Most of the trading in the foreign exchange market takes place using technical indicators, which is the main reason for the high volatility in the foreign exchange markets. Incorrect technical assessment will lead to a loss. High risk, high leverage Forex trading is available with a high leverage, which means that it is possible to make a profit/loss many times exceeding the trading capital. Forex markets allow a leverage of 50:1, so you need to have only $ 1 to open a currency position worth $ 50. While a trader can benefit from leverage, the loss increases. Forex trading can easily turn into a nightmare with losses if a person does not have a clear knowledge of leverage, an effective capital allocation scheme and strong control over emotions (for example, willingness to reduce losses). Independent learning In the stock market, a trader can seek professional help from portfolio managers, trading consultants and account managers. Forex traders are completely on their own, with almost no help. Disciplined and continuous self-study is a prerequisite throughout your trading career. Most beginners leave at the initial stage, primarily due to losses incurred due to limited knowledge about Forex trading and improper trading. High volatility Having no control over macroeconomic and geopolitical events, it is easy to incur huge losses in an extremely volatile foreign exchange market. If something goes wrong with a certain stock, shareholders can put pressure on management to initiate the necessary changes, or they can turn to regulatory authorities. Forex traders have nowhere to go. For example, when Iceland went bankrupt, traders owning the Icelandic crown could only watch. Round-the-clock markets make it difficult to regularly monitor prices and volatility. The best approach is to set strict stop losses for all Forex trades and trade systematically using a well-planned approach. conclusion Forex trading has many pros and cons. You can easily earn large sums and just as easily lose them. The market has a great history, and you can learn how to make a profit on forex. The main question is whether everything that the market is ready to give is suitable for you?
Education
by DeGRAM
5
AUDNZD Building the trade idea.Hey Traders, Today I wanted to run through Australian dollar and New Zealand dollar trade idea. My whole thought process and how it's currently planning out. Then, what opportunity I can see forming to potentially give us around a 70 Pip profit trade, if not further, heading up for the 200 pip mark. Keep an eye on it and let me know what you think. First thing we noticed when building this trade idea was the trendline break, which we can see happened with a fair bit of force on AUDNZD as we broke that at number one on the chart, you can see we push through quite strong, which indicates we may have a turn in trend or at least a push back up to the local supply in which created the downtrend in the first place. Part 2 we were looking for confirmation that we did have the bullish power that managed to break that trend and be able to continue and turn the price action, which is what we witnessed when we had that local break of structure on the four hour at number 2 on the chart. As you can see, it was very near the tops of the move that created the breakthrough the trendline, however, it was strong enough to push through, regroup a little there in that area of supply and then push higher, setting a higher high for the first time in fair few days. Part 3 we are looking to identify some new demand where the price has come back, sit for a little bit and then gave us an indication that that is where we're going to start pushing from, a fair price where buyers come into the market. You can see at #3 this is where we dipped in, although we broke a lower low technically on the chart there, I was looking and expecting a bigger pull back than what we saw at #2 solely because of the gratitude of the move of #1. As we pulled back, regrouped and then went higher, we can see that we have formed a nice demand area there which could be a great turning point for the price in the future. Part 4 is arguably the most important one because it verifies the new localized demand area, which was just formed, and that's breaking a higher high set by Part 2. Once we broke the structure. As you can see, it's happened quite recently. It's indicating that there is enough demand and orders in that area to be able to push prices higher now and potentially into the future. Now as the trading plan is coming together and we've seen many areas of price action which we want to see, there's still a little bit more that we need to observe. First thing is we want to see a pull back into the area of demand. We want a nice steady downtrend pull back on the lower time frames into our demand area, so we can start looking for entry triggers and confirmations that we can head higher. Part 6 is still a while away yet, we need part 5 to confirm everything so we can build a plan. But if we do get to part 6, it's going to start looking for an entry signal with a break of trend, very similar to what we're looking at right now on a lower time frame. I will keep you up to date to see if this price can come back down and give us what we want to see. I hope you enjoyed this analysis. If you trade like this or you have any questions about it, please comment below or if you just like the whole run through like the idea, it helps a lot with future content. Good luck traders.
Long
by the5erstrading
6
GBPCHF 2-3 (Continued)Hi Traders, Firstly, here on the four hour chart as our previous drawing indicated we wanted to see a break of that recent high and then they push back into the zone and all the way down to the local demand. Now we had this quite quickly, as you can see, we just taped up above the most recent high. It printed some orders there and then was followed by a very steep turn to the downside and a quick rush down to where the demand zone is. Usually this would indicate that there's a lot of selling power, which is true indicate. However, having that really powerful pull back into such a strong demand zone is giving me confidence that it can bounce in a way that we want it to bounce. Secondly, once we've established that we do have the pullback were looking for on the four hour, we're going to dive into the one hour and start identifying a trend. As you can see, we've got a very steep trendline there, which doesn't give me an abundance of confidence. I prefer to see a steady trend line on the move down (looking at the 15 minute, you can see it is a very nice steady trend on the way down but on the one hour it is quite steep). We've already seen a dip inside to the demand area. We're going to look for a break in this trendline and hopefully a convincing break. Unfortunately, a convincing break is going to be hard to identify given how steep the trendline is. Then finally, once we have seen a break in trendline and that dip into the demand zone (we can still come further into the demand zone), we're going to move over to the 15 minute chart and look for a break in structure. So, we're going to look at the recent highs on the 15 minute and see if we can get above them to confirm that there is bullish power and we can start moving this chart back up to the top side with a target around the 1.24. we can go further but I think I'll be happy taking at around 1.24 maybe less. If you enjoyed this analytical run through and have any questions, please use the comment sections and leave a like! Lets see how this one plays out.
Long
by the5erstrading
4
TRAILING STOPWhat is trailing stop? A trailing stop is a modification of a typical stop order that can be set to a specific percentage or dollar amount of the current market price. A trailing stop is designed to protect profits by allowing the trade to remain open and continue to make a profit as long as the price moves in the investor's favor. The order closes the trade if the price changes direction by the specified percentage or dollar amount. Understanding the trailing stop Trailing stops only move in one direction because they are designed to lock in profits or limit losses. If a trailing stop loss of 10% is added to a long position, a sell trade will be placed if the price drops 10% from its post-buy peak price. The trailing stop moves up only after a new high has been established. Once a trailing stop has moved up, it cannot go back down. A trailing stop is more flexible than a fixed stop loss because it automatically tracks the direction of a stock's price and does not require manual reset like a fixed stop loss. Trailing Stop Trading The key to successfully using a trailing stop is to set it at a level that is neither too narrow nor too wide. Setting a trailing stop loss that is too tight can mean that the trailing stop is triggered by normal daily market movement, and thus there is no room for the trade to move in the trader's direction. A stop loss that is too short will usually result in a losing trade, albeit a small one. A trailing stop that is too large does not work in normal market movements, but it means that the trader is taking on the risk of unnecessarily large losses or forgoing more profit than he needs. Although trailing stops lock in profits and limit losses, setting the ideal trailing stop distance is difficult. There is no perfect distance because markets and the way stocks move are constantly changing. Despite this, trailing stops are effective tools and, like every other method, there are pros and cons here. Real world example Let's say you bought Alphabet Inc. (historically pulls back 5-8% before moving up again). These previous moves can help set the percentage level that will be used for the trailing stop. Choosing 3% or even 5% can be too difficult. Even minor retracements tend to move more, meaning the trade is likely to be stopped out by a trailing stop before the price can move higher. Choosing a trailing stop of 20% is overkill. Based on recent trends, the average pullback is around 6%, with larger ones around 8%. A trailing stop loss of 10% to 12% is better. This gives the trading space room to move, but also quickly takes the trader out if the price drops more than 12%. A 10% to 12% drop is larger than a typical retracement, which means something more significant could be happening – basically, it could be a trend reversal, not just a pullback. Using a trailing stop of 10%, your broker will execute a sell order if the price drops 10% below your buy price. It's 900 dollars. If the price never rises above $1,000 after buying, your stop loss will remain at $900. If the price hits $1,010, your stop loss will move to $909, 10% below $1,010. If the share price rises to $1,250, your broker will execute a sell order if the price drops to $1,125. If the price starts to fall from $1250 and doesn't come back up, your trailing stop order remains at $1125 and if the price drops to that price the broker will place a sell order on your behalf. The ideal trailing stop loss will change over time. In more volatile periods, it is better to use a wider trailing stop. During quieter times or when the stock is very stable, a tighter trailing stop loss may be effective. However, once a trailing stop loss is set for an individual trade, it should be left as is. A common trading mistake is to increase the risk of a trade one time to avoid losses. This is called loss aversion and can quickly take a trading account down. Results Trailing stop is a very useful tool if you know how to use it. The tool can help you keep your profits on days when you can't follow the price and move the normal stop yourself. Adding such a useful tool will help improve your strategy and increase your profits. But do not forget about the correct setting of the trailing stop, the values ​​of which will be different for each instrument. To more accurately determine the values ​​for the trailing stop, it is worth knowing the average daily movement of the instrument, as in the example above. Good luck! 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
5
FOREX TIMEFRAMESMost technical traders have come across the concept of multiple time frame analysis in their market education. However, it is a well established chart reader. Many market participants miss the larger trend, miss clear support and resistance levels, and miss entry and stop levels because they don't analyze the higher timeframes. Multiple Time Frame Analysis Multiple time frame analysis involves monitoring the same currency pair on different time frames. As a general rule, using three different periods gives a fairly broad view of the market, while using fewer can result in significant loss of data, and using more often provides overanalysis. When choosing three time frames, a simple strategy might be to follow the "rule of four". This means that you should first determine the medium-term period in which the trader is going to trade. From here, a shorter time frame should be chosen, which should be at least one-fourth of the interim period. Using the same calculation, the long-term timeframe must be at least four times larger than the intermediate one. In the long term, the current trend will be determined, in the short term, the ideal entry point, and the medium term will indicate how long you can hold the position and where the targets are. When choosing a range of three periods, be sure to select the correct timeframe. A long-term trader does not need to follow a minute chart, and a short-term trader does not need to follow a monthly one. Long term time frames With this method of studying charts, it is generally best to start with long-term time frames and move on to more detailed frequencies. Looking at the long term time frame, a dominant trend is established. Long-term price movement is influenced by fundamental data that a long-term trader should take into account in the analysis. It is important to consider interest rates, which are a major component in the pricing of exchange rates. Medium term time frames This is the most versatile of the three because at this level one can gain insight into both short and long term time frames. In fact, this level should be the most commonly used chart when planning a trade when a trade is active and when a position is approaching either its target profit or stop loss. Short term time frame As the smaller price action swings become clearer, the trader can better choose an attractive entry for a position whose direction is already determined by the higher frequency charts. Another consideration for this period is that the fundamentals again have a strong influence on the price movement on these charts, although in a very different way than for the higher time frames. Fundamental trends are no longer visible when the charts are below the four hour frequency. Instead, short-term time frames will react with increased volatility to the news. Often these jerky movements last for a very short time and as such are sometimes described as noise. Putting it all together When all three timeframes are combined to evaluate a currency pair, a trader will easily increase the chances of success for a trade, regardless of other rules applied to the strategy. Performing a downward analysis helps to trade with the trend. This alone reduces risk as there is a higher chance that the price action will eventually continue in the direction of the longer trend. Applying this theory, the level of confidence in a trade should be measured by how the time frames match up. For example, if the larger trend is up and the medium and short-term trends are moving down, cautious shorts should be entered with reasonable profit targets and stops. Alternatively, a trader can wait until the bearish wave ends on the smaller charts and try to go long at a good level when the three timeframes realign. Another obvious benefit of including multiple timeframes in trade analysis is the ability to identify support and resistance values, as well as strong entry and exit levels. The chances of a trade being successful are increased when it is tracked on a short-term chart due to the trader's ability to avoid bad entry prices, misplaced stops, and/or unreasonable targets. essence Using multiple timeframe analysis can greatly increase the chances of a successful trade. Unfortunately, many traders ignore the usefulness of this method when they start trading. As we have shown in this article, it may be time for many novice traders to return to this method, because it is the easiest way to know the direction of the trend and not go against it.
Education
by DeGRAM
8
movement of the price (educational) 📖💡The price is based on the tendency of the market participant the price changes are based on the supply and demand power when the tendency of the groups changes, the supply and demand will Chang too the gaining and dumping of the price are based on the group tendency in fact, the price is the decision of the participant in the market to buy and sell the one concept so the movement of the price is based on the direct decision of the every participant of the market too some traders are use technical analysis for their decision some of them using the fundamental and some use the stars or their luck, but the most important point is that this is the people who make the decision even in bot trading this is the human decision for making this program and gaining profit or loss in simple word, every single trader open position based on their beliefs and their point of view about the market trend When the every single participant have a tendency and believe in rasing and gaining trend and market and open their positions, it makes others to believe on this scenario and open the long position and when the proper amount of these participants take part in the long position the whole market tendency become bullish and bullish candlesticks appear. Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
Education
by MadWhale
6
Forex scalpingHi all! Today I want to talk about scalping. What is scalping? Scalping is the style of buying or selling currency pairs over a short period of time in an attempt to make a series of quick profits. A forex scalper aims to make a large number of trades using the small price movements that are common throughout the day. Understanding Forex scalping Forex scalpers usually use leverage, which allows them to open larger positions, so that a small price change equals a solid profit. Forex scalping risks Like all trading styles, Forex scalping comes with risks. Even if you risk a small amount on a trade, taking many trades can mean a significant drawdown if many of those trades end up losing money. This is a viable system, but sometimes a trader cannot exit due to a five pip loss. The market can drop through the stop loss point and they end up with a loss of 20 pips. Thus, they lose four times more than they expected. Some of these slippage scenarios can quickly deplete an account. Special Considerations Forex scalpers require a trading account with tight spreads, low commissions and the ability to place orders at any price. If the spread or commissions are too high, or the price at which a trader can trade is too limited, the chances of a forex scalper being successful are greatly reduced. Who is scalping for? Scalping may not be suitable for all traders. The profitability of each position opened by the scalper is usually small, and the profit is achieved by adding up the profit from each closed small position. The scalper must be able to wait until his labor brings profit. To become a successful Forex scalper, you need endurance, attentiveness and discipline. Scalping requires a lot more time and attention from the trader compared to other trading styles such as swing trading or trend following. A typical scalper opens and closes dozens of positions during a typical trading day. For some, this may be an overwhelming task, creating too much psychological stress. Advantages and disadvantages of scalping The main advantages of scalping The potential profitability of the strategy, both within one trading day and in the long term. There is no need to wait for the next trend to form in the market. You can scalp in any situation: with the trend, against the trend, in the sideways (Flat). More simplified market analysis. With the help of technical analysis and indicators, a short-term trend is assessed, fundamental factors are taken into account selectively. Suitable for trading on small deposits. Thanks to leverage, even on a small account, you can open significant positions and make a profit. The disadvantages of scalping are Difficulty in choosing the right broker. Scalping requires favorable trading conditions – minimum spreads and commissions, no critical slippage. Not every broker will be able to provide such conditions. Increased risk associated with the use of high leverage. When using leverage, even a small movement of the market against a trader can bring serious losses, so in order not to drain the deposit, it is necessary to apply risk control rules. Large expenditures of time and constant psycho-emotional stress during the trading day. The scalper makes a large number of transactions and this requires constant monitoring of the market. Such active trading consumes a lot of energy and is fraught with possible "burnout" of the trader. Limitation on the number of used trading instruments. Not all trading tools are suitable for scalping. To reduce costs with a large number of transactions, assets with minimal spreads are selected. conclusions Scalping is perhaps the most difficult type of trading that requires maximum concentration and self-control. This is because it is difficult to predict the future movement of the market, especially the Forex market. It is worth spending a lot of time to gain enough experience and trade steadily in the plus. Learn, try and you will succeed! Good luck! 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
The Short Education about Forex and the Players here Part 1Today i want to text some words about the main players in the Forex. Who is the main traders? Look.... We could categorize the major players in the market in some groups, but the main that is: 1. Commercial and invesment banks. It is very important part of all market and all players have to work with the investment banks to work on Forex, so Investment banks and commercial bank is the foundation of the Forex market. 2. Central banks. It is also the major participants but they are separated from commercials and investments, becouse of different goal they are after the exchanging. Their main goal is to influence the money supply within the country and control the imbalance associated with various situations within countries or geopolitical problems. 3. High-net-worth individuals It is a persons with hight net-worth. Al of them working with investment and commercial banks. In the American private banking business, such a person is defined as having investable assets of more than $1 million, which excludes his primary residence. There are also a few other groups, but these are the main ones that we are interested in and we can call them major players or almost big ones. Now let's get back to the techical part, all of these major players place stops in the double circled zone on the chart. So it is a bis SALE place. And the most important thing is that we have already reached it on this pair, even closed a few candles, so think for yourself.😉 Ask questions in the comments.
Education
by MiriamRapoport