When it comes to trading gold and forex, technical analysis plays a vital role in predicting market trends and making informed trading decisions. One of the most popular technical indicators used by traders is the Relative Strength Index (RSI).
The RSI indicator is a momentum oscillator that measures the magnitude and velocity of price movements in a currency...
First let me tell you.
NO you should not feel thrill when you take a profit.
NO you should not feel thrill when you are on a winning streak.
NO you should not feel thrill after a day, week or month of upside.
But I’m not going to be a wet blanket. As a trader, including me, there are times to feel thrill.
Trading is a process, it’s a lifestyle, it’s a game,...
Chart patterns are powerful tools that allow traders to anticipate market movements and make informed trading decisions. This trading idea focuses on mastering various price patterns to enhance trading proficiency. By gaining expertise in recognizing and interpreting chart patterns, traders can identify high-probability trade setups, optimize entry and exit...
Introduction:
Welcome, fellow traders! Today, I'm excited to present a step-by-step tutorial on how to enhance your trading strategy using a combination of two powerful technical indicators: Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) .
Section 1: Understanding MACD and RSI - Exploring the Components
MACD:
The MACD...
When you gym well, it’s like trading well.
You gym to tone, to lose weight to build muscle and to build discipline.
With trading you trade to build your portfolio, build confidence, create a secured financial future and work on your mindset for life.
Both pursuits require consistent effort, perseverance, and a strategic approach.
Gym is an important element in...
Forex and gold trading have become immensely popular among investors as a great way to earn profits. However, starting with this venture can be quite overwhelming for beginners. Here is a step-by-step guide to help you begin your forex and gold trading journey:
1. Learn the Basic Concepts: Before investing your hard-earned money, it's important to get familiar...
One of the most dangerous traits a trader can adopt is…
Impulse Trading.
This is where they take trades mainly on emotions and gut rather than sound financial analysis.
This means, more risk, more irrational choices and that can lead to steering away from what works.
Your proven trading strategy!
And the end result, you’ll lose in the long term and end up...
There are hundreds of different trading strategies based on fundamental and technical analysis.
These strategies combine different tools and trading techniques.
And even though, they are so different, they all have a very similar structure.
In this educational article, we will discuss 4 important elements every trading strategy should have.
1️⃣ The first...
Traders have 1 JOB!.
To just take the trade.
All the other stuff is semantics.
But most times you’ll find your inner B I mean Ninny takes over.
And it tells you:
~ Don’t take the trade.
~ You’ll lose money.
~ The stars are not aligned!
~ Blah blah fish paste!
You need to stop listening to your inner F - inny, or it will destroy your chances of success.
So...
The cup and handle pattern is a continuation chart pattern that looks like cup and handle with a defined resistance level at the top of the cup.
It forms from a strong drive up that pulled back and consolidated over a period of time creating the cup before making another push to the resistance where it pulls back again but not as far creating the handle and...
Trading is the easiest hardest way to become financially free.
You need to follow a simple approach and then have the discipline to do it again and again for the rest of your life.
It can at first be a daunting task because you have to implement an element of risk.
But before you know it, you’ll be free from your financial shackles and struggle.
Here are five...
The pin bar is a powerful price action setup that tells a fascinating story concerning price momentum and the possibility of an imminent reversal in price direction.
A pin bar is a Japanese candlestick that has a long wick on one side and a small body.
Understanding the story behind the pin bar is essential.
📚What does the pin bar candlestick pattern tell us...
Hello traders,
In this post i am just showing you a very simple and easy trading strategy especially for beginners, in this strategy i am just using two basic things trendlines and 50 simple moving average which is you can also see in the charts above.
What you will be doing in this strategy just simply go to the 1hr timeframe see...
Volume and volatility are two important factors that can affect your trading performance. Volume measures the number of shares or contracts traded in a given period, while volatility measures the degree of price fluctuations. Understanding how these two factors interact can help you identify trading opportunities, manage risk, and optimize your entry and exit...
A short ⚠️disclaimer before we start:
the rules that will be discussed in this post are applicable only for technicians - traders that are relying on price action/structure/etc.
Also, we assume that structure levels do work and for us, key levels are considered to be the safest trading zones/points.
In order to increase the accuracy of your predictions...
Trading on margin offers a variety of potential benefits, as well as some additional risks, including margin calls. This lesson explains margin calls, your obligations, and what you can do to help avoid them.
A margin call is a demand from your brokerage firm to increase the amount of equity in your account. You can do this by depositing cash or marginable...
Q. I thought that when you go short (sell) that we earn interest (swap fees) per day.
But to my surprise I was actually charged interest on my open trade with AUD/NZD. Was I not meant to earn interest?”
A. Unfortunately, it depends…
With each market you trade, you’ll need to look at the symbol information for each trade you take.
This also depends on the...
A Bearish Fair Value Gap is a 3 candle structure with a DOWN impulse candle (2nd) that indicates and creates an imbalance or an inefficiency in the market.
WHAT DO THE IMBALANCES TELL US?
These imbalances tell us that the buying and selling is not equal. Now the market needs to rebalance (move at least to 50% of the fair value gap to fill) to make up for the...
