Trading without a structured risk management strategy turns the market into a game of chance—a gamble with unfavorable odds in the long run. Even if you possess the skill to predict more than half of the market's movements accurately, without robust risk management, profitability remains elusive. Why? Because no trading system can guarantee a 100% success...
Trading foreign currency on the forex market, also known as foreign exchange trading, can be an exciting hobby and a lucrative source of income for many people. Currently, the stock market trades about $22.4 billion per day, while the forex market trades around $5 trillion per day. There are various ways you can engage in online forex trading. 1. Learn basic...
Hello traders, I present to you a few candlestick patterns that appear frequently and have a fairly large win rate. CUP AND HANDLE The cup and handle pattern on the price chart resembles a cup with a handle, where the cup is U-shaped and the handle slopes down slightly. The cup forms after moving upwards and looks like a bowl or round bottom. When the cup is...
What is DCA? How to use the price averaging strategy to increase profits DCA or price averaging strategy can be an effective way to manage risk when investing in assets like stocks, cryptocurrencies… I will walk you through how it works and its pros and cons. for easy understanding. When considering investment, if you have a large amount of money in hand ready...
Popular forex trading methods Typically, strategies for forex trading are primarily founded on fundamental and technical analysis. Hence, astute traders possess the skill to creatively merge efficient trading techniques to identify the most appealing gains. 1. Day trading Day trading is a trading strategy where traders, known as day traders, do not hold any...
To succeed in short-term forex trading strategies such as scalping and intraday, there are six key secrets that must be understood and implemented. These secrets are essential to success and have been proven effective. 1. Trading capital Many traders aim to grow their small account from 10$ to $100 by frequently trading small orders, and some may even turn it...
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...
If your reading this your one of 3 people , you have been trading for more than 1-3 years without any success whatsoever that you can be proud of ,you are just in your beginning phase and you just can't understand why you can't get the hang of it(trading) yet you had a few good months in the start , you are unknowingly addicted to the idea of yourself being this...
Check our post how to draw HH, HL, LL, LH and then compare with trend line. You will get very good trend presentation. For confirmation also add MA 21 and EMA 8 indicators and check if the ema's crossed. Check the example above to see the 3000 Pips trend move.
USE ANDREW’S PITCHFORK IN FOREX Andrew’s Pitchfork comes from the name of one Dr Andrew, who used a pitchfork to forecast future prices, and developed a trading system many find very interesting. The system became so popular over time that the Andrew’s Pitchfork trading tool has been integrated into all trading platforms. The idea behind trading with Andrew’s...
Education post 20/100 – How to trade better using good Risk-Reward Ratio? Day Trading Win-Loss Ratio Most day traders focus on the win-rate or win/loss ratio. The allure is to eventually reach that stage where nearly all their trades are winners. Don't be fooled, having a high win rate doesn't mean you'll be a successful trader or even a profitable one. Your...