pow_removetheguesswork

pow_removetheguesswork Dec 3, 2024

Forex trading offers exciting opportunities for individuals at various levels of expertise and risk tolerance. One of the first steps to becoming a successful trader is selecting the right type of trading account. Your choice can significantly impact your experience and success in the market. Below, we explore three common types of trading accounts: Cent Account...

pow_removetheguesswork Nov 20, 2024

The U.S. Dollar Index (USDX) is a critical tool for traders, investors, and economists alike, as it provides a measure of the overall strength of the U.S. dollar relative to a basket of major foreign currencies. The image shared highlights the core elements of the U.S. Dollar Index: its history, composition, calculation, and its economic implications. In this...

pow_removetheguesswork Nov 13, 2024

Market volatility is a critical aspect of trading, and during certain periods—particularly around significant news events—this volatility becomes more pronounced. The graphic titled *"The Cycle of Market Volatility"* effectively captures the stages involved in how markets react and stabilize after major news events. These events, such as red folder news releases,...

pow_removetheguesswork Nov 7, 2024

When you first dive into trading, you’ll often hear about leverage and margin . These two concepts are powerful tools that can amplify your profits, but they also come with significant risks. The image you've provided lays out the essentials of leverage and margin: Leverage allows traders to control larger positions, Margin acts as a security deposit, Profit...

pow_removetheguesswork Nov 1, 2024

How to Avoid Choking Your Live Account The journey from demo trading to live trading is often more challenging than most traders anticipate. The image you’ve shared captures the key steps of this transition—from mastering a demo account to navigating the psychological hurdles of live trading. While demo trading is an essential part of a trader’s education, live...

pow_removetheguesswork Oct 29, 2024

A Comprehensive Guide to Forex Pair Correlation Strategies Forex correlation is a powerful tool that can help traders understand how currency pairs move in relation to each other. It’s an essential concept that, when used correctly, can improve risk management, enhance profits, and provide valuable insights into the behavior of different currency pairs. The...

pow_removetheguesswork Oct 22, 2024

Becoming a successful trader is a journey of growth, adaptation, and learning. The path is not straightforward; it involves phases of excitement, frustration, and eventually mastery. The image you've shared visually represents the stages a trader goes through, from the initial phase of learning to the eventual development of a personal and profitable trading...

pow_removetheguesswork Oct 17, 2024

Trading is not just about numbers, charts, and strategies—there’s a critical psychological component that often plays a decisive role in a trader’s success or failure. The image you've shared, titled "The Psychological Landscape of Trading," visually captures some of the key emotional states that traders frequently navigate: Emotions, Fear, Hope, Greed,...

pow_removetheguesswork Oct 27, 2022

It's no secret that managing your trading psychology is the biggest challenge in your trading journey. Some say it counts for 80%+ of what's needed to be successful. I totally agree... However, there's a key factor in this for me. How you actually trade to start with! Correct trading psychology starts by realising you need a strategy. If you're guessing...

pow_removetheguesswork Updated  Oct 25, 2022

We have an alert for a sell on USDCAD. Trading on the 30M timeframe. I'm using my POW EDGE reversal strategy for this trade idea. Little red arrow is entry point. Red trade label shows trade details. Green lines are TP and purple lines SL. Stats for the strategy can be found at base of idea. Chart shows previous trades from last week. Strategy is in a...

pow_removetheguesswork Updated  Oct 4, 2022

USDCAD long trade has alerted this morning. Reversal trade identified and entered. Working the H1 timeframe. Trade details can be found on the chart in the green label. Trade box is tracking the trade. Want to know how I identified this trade you know what to do. Thanks for looking Darren🙌

pow_removetheguesswork Sep 27, 2022

USDCAD short trade has alerted. Reversal trade identified and entered. Working the 30M timeframe. Trade details can be found on the chart in the red label. Trade box is tracking the trade. Has USD strength ran out of steam on this pair? Who knows be it a change in the trend or a slight retrace I have a 77 pip target for my TP to be met. We'll see where...

pow_removetheguesswork Updated  Sep 22, 2022

EURUSD long trade has alerted this morning. Reversal trade identified and entered. Working the 15M timeframe. Trade details can be found on the chart in the green label. Trade box is tracking the trade. Want to know how I identified this trade you know what to do. Thanks for looking Darren🙌

pow_removetheguesswork Updated  Sep 21, 2022

EURAUD long trade has alerted this morning. Trend trade identified and entered. Working H1 timeframe on this strategy. Trade details can be found on the chart in printed label. Working to TP targets on the printed label. Trade box is tracking the trade. This 1:2 RR trade needs to find 121 pips for desired TP target. Want to know how I identified this trade...

pow_removetheguesswork Updated  Sep 14, 2022

GBPAUD short has alerted. Trend trade identified and entered. Working M30 timeframe on this strategy. Trade details can be found on the chart in printed label. Working to TP targets on the printed label. Trade box is tracking the trade. Looking for a quick scalp here on this pair. Want to know how I identified this trade you know what to do. Thanks for...

pow_removetheguesswork Updated  Sep 13, 2022

EURJPY long has alerted. Trend trade identified and entered. Working 2H timeframe on this strategy. Trade details can be found on the chart in printed label. Working to TP targets on the printed label. Trade box is tracking the trade. No let up in the Yen weakness. Looking to bank 58 pips on this trend continuation. Want to know how I identified this...

pow_removetheguesswork Updated  Sep 12, 2022

EURUSD long has alerted. Trend trade identified and entered. Working 2H timeframe on this strategy. Trade details can be found on the chart in printed label. Working to TP3 on this trend scalp trade. Trade box is tracking the trade. Want to know how I identified this trade you know what to do. Thanks for looking Darren🙌

pow_removetheguesswork Sep 9, 2022

This is spoken about a lot but what does it mean?⁠ In starting a business you would need funding and a business plan, right?⁠ ⁠ You would have realistic goals mapped out and be focused on your cashflow.⁠ ⁠ You wouldn't blow your 'cash' in recruiting too fast, or buying too much stock or spending too much on marketing.⁠ ⁠ Yet, in trading most don't have a plan. Or...