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Do That BEFORE You Start REAL ACCOUNT Trading Here is the list of thing that you should learn in advance before you start trading on a real account. 1) Open a demo (practice) account and learn to execute trades without making errors 2) Study the methods of great traders and financial minds throughout history - Jesse Livermore, W D Gann, Charles Dow/Dow theory, Paul Tudor Jones,Richard Wyckoff. Learn their methods and employ them. Learn their mistakes and avoid them. 3) Focus on learning, not winning. Forget about money and profits. Think about developing a winning strategy and a winning trading mindset. Always be open-minded. Observe. Be flexible. 4) I recommend reading the following books. These books will help you to start to think like a trader and realize what you are getting yourself into: a) "Reminiscences of a Stock Operator" by Edwin Lefevre b) "Art of War" by Sun Tzu (Not a trading book but an old book on rules of war and how to protect yourself from being outsmarted and defeated by your enemies) c) "The Trading Methodologies of W.D. Gann" by Hima Reddy d) "Time Compression Trading: Exploiting Multiple Time Frames in Zero Sum Markets" by Jason Alan Jankovsky e) "Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude" by Mark Douglas 5) Watch YouTube videos. Absorb all the info you can as the more you know, the more the pieces of the puzzle fit together later on. You can learn the basics of trading on your own and then when you are ready to take your trading to the next level. To win the game, you need to develop your thinking and how you participate in the game. You are in a market trading against professional traders. The beginning traders in the market are not your competition-they are incidental. You need to trade with the professional traders who run the market. I wish you luck on a battle field! Dear followers, let me know, what topic interests you for new educational posts?
OANDA:BTCUSDEducation
by SignalProvider
4
TRADING ACRONYMS YOU MUST KNOW Hey traders, Here is the list of trading acronyms, every trader must know. TA - technical analysis FA - fundamental analysis HOD - high of the day LOD - low of the day O/N - over night 52s - new 52 week high B/O - breakout BOS - break of structure E/R - earning report Pre - pre-market trades AH - after hours trades R/R - risk / reward S/R - support and resistance TP - take profit SL - stop loss YTD - year to date ATH - all time high HH - higher high HL - higher low LH - lower high TF - time frame MS - market structure HTF - higher time frame LTF - lower time frame BE - break even DD - drawdown Be - bearish Bu - bullish HNS - head and shoulder These acronyms are frequently applied but the proffessionals. Do you know all these acronyms? Please, like this post and subscribe to our tradingview page!👍
OANDA:BTCUSDEducation
by EliteTradingSignals
6
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
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
🕵️‍♂️BASICS: WHAT IS A PIP❓ 👉What is a Pip? The unit of measurement to express the change in value between two currencies is called a “pip.” If EUR/USD moves from 1.1050 to 1.1051, that .0001 USD rise in value is ONE PIP. A pip is usually the last decimal place of a price quote. Most pairs go out to 4 decimal places, but there are some exceptions like Japanese yen pairs (they go out to two decimal places). For example, for EUR/USD, it is 0.0001, and for USD/JPY, it is 0.01. 👉What is a Pipette? There are forex brokers that quote currency pairs beyond the standard “4 and 2” decimal places to “5 and 3” decimal places. They are quoting FRACTIONAL PIPS, also called “points” or “pipettes” which equal a 10th of a pip. 👉How to Calculate Pip Value: 👉The value of pip depends on the following three factors: ✔️The quoted currency ✔️The volume of the trade ✔️And the exchange rate Based on these factors the fluctuation of even a single pip can have a significant impact on the value of the open position. The value of 1 pip is calculated by the following formula: The value of 1 pip = (Pip in decimal places * Trade Volume) 👉Example: 1 pip volume in EUR/USD is equal to 0.0001 Then 1 PIP VALUE equals: 100,000 EUR—> 100,000*0.0001= 10 USD 10,000 EUR—> 10,000*0.0001= 1 USD 1,000 EUR—> 1,000*0.0001= 0.1 USD 100 EUR—> 100*0.0001= 0.01 USD ✅Tell us about issues you had with pips value calculation/understanding in the beginning of your trader’s journey in the comments✅ 😊And See you next time😊 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
6
DEMONS OF TRADING | Don't Think Like This Have you ever wondered what helped all those professionals of Wall Street become successful? You will be surprised, but the key to their reached heights is hidden in their mistakes. Yes, that is right. Most professional and successful traders made many mistakes before they got to the top. Making mistakes is ordinary and sometimes even necessary because you learn when you make them. The crucial point of this idea is never to repeat those mistakes because some errors may cost us a fortune. That is why we gathered 10 most common trading mistakes to prevent you from faults and losses. Little preparation Entry to the Forex market is relatively easy, so people have a light-minded attitude towards trading knowledge. Beginner traders, especially, think that theory is not a big deal, and they will be able to build it up without a peep. However, it does not work this way. Miscalculating the risk/reward ratio For some reason, many traders believe that higher win trades are more profitable than lower ones. Sometimes, this idea even gets paid off, and due to blind luck, trades, where the potential risk exceeds the reward, benefit. However, in most cases, such trades are a sure way to lose money in the longer term. Avoiding risk management Risk management should be the core of your trading because it helps cut down losses. Trading without risk management is like skydiving without a parachute. Neglecting market events Relevant market news is essential as economic events influence the direction of trading during the day. So, if you are not aware of the financial reports or earnings, you might skip the volatility. To win the game, you need to develop your thinking and how you participate in the game. You are in a market trading against professional traders. Your goal is to think like a professional. That is the only way to survive in this game. Please, like this post and subscribe to our tradingview page!👍
Education
by EliteTradingSignals
7
🟢STOP AND LIMIT ORDERS EXPLAINED🟢 ✴️Types of orders in trading There are two main types of order: entry orders and closing orders. An entry order is an instruction to open a trade when the underlying market hits a specific level, while a closing order is an instruction to close a trade when the market hits a specific level. ✴️Stops vs limits A stop order is an instruction to trade when the price of a market hits a specific level that is less favourable than the current price. On the other hand, a limit order is an instruction to trade if the market price reaches a specified level more favourable than the current price. ✴️Stop orders explained You can use stop orders to close positions and to open them, by using either a stop-loss order or a stop-entry order. ✴️Stop-loss orders A stop-loss order is the common term for a stop closing order – an instruction to close your position when the market value becomes less favourable than the current price. ✴️Stop-entry orders A stop-entry order enables you to open a position when the market reaches a value that is less favourable than the current price. If you were opening a long position, you’d place your stop-entry order above the current market price. And if you were opening a short position, you’d place your stop-entry order below the current price. Although it may seem strange to open a trade at a worse price, stop-entry orders can enable you to enter a trade once a trend has been confirmed. This helps you take advantage of market momentum. ✴️Limit orders explained Like stop orders, limit orders can be used to open and close trades. ✴️Limit-entry orders A limit-entry order enables you to enter a trade when the market hits a more favourable price than the current price. For long positions, this would be below the current price level and for short positions this would be above. ✴️Limit-close orders A limit-close order enables you to close a trade at a more favourable price – which would be at a higher level for a long position and a lower level for a short position. The major drawback of a limit order is that there is the possibility it will not be filled if the market never reaches your order level – in this case the order would expire. If you had placed a limit-entry order, it is possible that your trade would never be executed. And if you had placed a limit-close order, your trade would not be closed automatically. 😊Thank you for reading, guys😊 ✅Like and Subscribe for more education✅ Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
36
♻️UNDERSTANDING THE BULLISH ENGULFING CANDLE PATTERN♻️ ☑️WHAT IS A BULLISH ENGULFING CANDLE? The bullish engulfing candle appears at the bottom of a downtrend and indicates a surge in buying pressure. The bullish engulfing pattern often triggers a reversal in trend as more buyers enter the market to drive prices up further. The pattern involves two candles with the second candle completely engulfing the body of the previous red candle. ☑️HOW TO SPOT A BULLISH ENGULFING PATTERN AND WHAT DOES IT MEAN? ▪️Characteristics of a bullish engulfing pattern: • Strong green candle that ‘engulfs’ the prior red candle body (disregard the wicks) • Occurs at the bottom of a downward trend • Stronger signals are provided when the red candle is a doji, or when subsequent candles close above the high of the bullish candle. ▪️What does it tell traders? • Trend reversal to the upside (bullish reversal) • Selling pressure losing momentum at this key level. ▪️Advantages of trading with the bullish engulfing candle: • Easy to identify • Attractive entry levels can be obtained after receiving confirmation of the bullish reversal. ☑️KNOW THE DIFFERENCE BETWEEN A BULLISH AND A BEARISH ENGULFING PATTERN Engulfing patterns can be bullish and bearish. The bearish engulfing pattern is essentially the opposite of the bullish engulfing pattern discussed above. Instead of appearing in a downtrend, it appears at the top of an uptrend and presents traders with a signal to go short. It is characterized by a green candle being engulfed by a larger red candle. ☑️CONCLUSION A Bullish Engulfing Candle becomes an excellent tool for the trader, once he masters how to use it properly! ✅Thank you for reading! Please, like and comment if you liked the article☺️ Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
9
Do That BEFORE You Start REAL ACCOUNT Trading Here is the list of thing that you should learn in advance before you start trading on a real account. 1) Open a demo (practice) account and learn to execute trades without making errors 2) Study the methods of great traders and financial minds throughout history - Jesse Livermore, W D Gann, Charles Dow/Dow theory, Paul Tudor Jones,Richard Wyckoff. Learn their methods and employ them. Learn their mistakes and avoid them. 3) Focus on learning, not winning. Forget about money and profits. Think about developing a winning strategy and a winning trading mindset. Always be open-minded. Observe. Be flexible. 4) I recommend reading the following books. These books will help you to start to think like a trader and realize what you are getting yourself into: a) "Reminiscences of a Stock Operator" by Edwin Lefevre b) "Art of War" by Sun Tzu (Not a trading book but an old book on rules of war and how to protect yourself from being outsmarted and defeated by your enemies) c) "The Trading Methodologies of W.D. Gann" by Hima Reddy d) "Time Compression Trading: Exploiting Multiple Time Frames in Zero Sum Markets" by Jason Alan Jankovsky e) "Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude" by Mark Douglas 5) Watch YouTube videos. Absorb all the info you can as the more you know, the more the pieces of the puzzle fit together later on. You can learn the basics of trading on your own and then when you are ready to take your trading to the next level. To win the game, you need to develop your thinking and how you participate in the game. You are in a market trading against professional traders. The beginning traders in the market are not your competition-they are incidental. You need to trade with the professional traders who run the market. I wish you luck on a battle field! Please, like this post and subscribe to our tradingview page!👍
OANDA:BTCUSDEducation
by EliteTradingSignals
12
BIGGEST TRADING MISTAKES YOU MUST KNOW While some trading mistakes are unavoidable, it is important that you don’t make a habit of them and learn from both successful and unsuccessful positions. With that in mind, these are the 10 most common trading mistakes. 1 - Not researching the markets properly Some traders will open or close a position on a gut feeling, or because they have heard a tip. It is important to back these feelings or tips up with evidence and market research before committing to opening or closing a position. 2 - Trading without a plan 3 - Over-reliance on indicators 4 - Failing to cut losses The temptation to let losing trades run in the hope that the market turns can be a grave error, and failing to cut losses can wipe out any profits a trader may have made elsewhere. 5 - Overexposing a position 6 - Overdiversifying a portfolio too quickly While diversifying a trading portfolio can act as a hedge in case one asset’s value declines, it can be unwise to open too many positions in a short amount of time. 7 - Not understanding leverage 8 - Not understanding the risk-reward ratio The risk-to-reward ratio is something every trader should take into consideration, as it helps them decide whether the end profit is worth the possible risk of losing capital. 9 - Overconfidence after a profit 10 - Letting emotions impair decision-making Emotional trading is not smart trading. Emotions, such as excitement after a good day or despair after a bad day, could cloud decision-making and lead traders to deviate from their plan. Every trader makes mistakes, and the examples covered in this article don’t need to be the end of your trading. However, they should be taken as opportunities to learn what works and what doesn’t work for you.
OANDA:BTCUSDEducation
by EliteTradingSignals
4
THE ROAD TO SUCCESS The article is aptly named for it is the road that matters not the destination. And here is why: Our brain, though incredibly complex, runs its basic functions on ancient and primitive brain circuits using the carrot and stick principle to motivate us to do some things and to demotivate us from doing other things. That carrot and stick stimuli come in the form of pleasure and pain of varying strength, and the brain creates a dynamic map of the positive and negative stimuli and then our prefrontal lobes develop the best path to navigate this map. The map to success right? Well, kinda… The thing is that if the map and the assigned values of the stimuli were fixed we would have all soon achieved whatever we desired in the moment and would have been ecstatic for the rest of our lives, but our brain is there to ensure survival and reproduction therefore, the stimuli value map is dynamic with the brain reducing the reward we get each time we do the same thing that we previously craved, with the exception of the few basic things vital for survival like food and reproductive activities. Anyhow, just as with drugs the high is less and less potent form the same dose as the time goes by. So is the “high” form a certain level of success we reached. Happy at first, we will soon notice that the “kick” is no longer there, meaning that the values on the map have been reassigned and the brain is demanding that you set off on another quest to achieve yet even greater success. That way you keep moving, and the final success is always just one step away, but just like the horizon with each step towards it, it makes one step away from you. That is why we, as traders, need to appreciate the road itself too. Get joy from looking at the charts, finding patterns, learning new things and creating strategies. Without that, the life of a trader with its ups and downs, and constant stress will drive you nuts pretty soon… Cheers to all of you, who enjoy the charts as much as I do, and thanks to Tradingview, for giving such a great platform for savouring each and every moment of it!
Education
by ProSignalsFx
7
✅JOURNEY OF A TRADER=HERO'S JOURNEY! 📖I was reflecting on how I became a trader, and suddenly I was reminded of a great book called «A hero with a thousand faces» which then led to the analogy between the journey of a trader and the hero's journey. And while just as any analogy this one is somwhat superficial, I really feel like there is a lot of truth to it. Just think of how many of us have trading histories that look something like this? ♣️A grand call to adventure. Who would not want to make a pile of money working from the comfort of your own computer screen? ♠️Finding a mentor. Good mentors matter! Few of us who have succeeded would have done so without some help. ♣️Crossing over into an “unreal” world. Markets are crazy. When we look deeply into markets, maybe we become a little crazy ourselves, and we certainly become disconnected from ordinary reality. ♠️Facing dire challenges. The emotional highs and lows of trading can be extreme. Is there a trader alive who hasn’t been awake at 4am wondering if they can ever do this, why they ever tried in the first place, how they could be so stupid to make the same mistakes over and over, and what they were going to do tomorrow? (This is probably not the time to mention that we only write stories about the heroes that complete the journey! A lot of dragons feasted very well, for a very long time.) ♣️Failure somehow, perhaps almost miraculously, is transformed to success. ♠️We figure out how to incorporate our trading activities into the everyday world, and discover that things probably weren’t quite as exotic or difficult as we had thought. 📌My point is that trading is not really about learning patterns. It is not about learning some math. It is not about skill development, and it is not even about risk management. All of these things are important, but the real work of trading is work on ourselves. ✅Remember: Before facing the dragon in a cave, one needs to awaken the dragon within. Leave a comment and a like bros👍🏻
Education
by ProSignalsFx
6
NASADAQ 100 ANALYSIS 26-10-2022 DEAR INVESTORS Depand on our analysis for NASDAQ 100 chart and using many of indecators and also with deeply news analysis we found there a apportunity for long postion if the price break this important resistance (11539) so the down trend will end and change for up trend way , so in this situation the price will move to tech 12100 . if the price not break 11539 and make double top pattern in this situation the price will move down . so be carfull dears investor this is a chance to take profit for long postion , this just advice from us best regard
NLong
by MSD_trading
Stay sharp in these volatile times!These are crazy times. In 2020 I started to seriously dedicate myself to becoming a profitable trader. the past few months have been very volatile. and for me as a beginner it is also very difficult to earn even a little constant results. and maybe you recognize yourself in my situation, But I have learned a lot from all this chaos ;) , and therefore I have written down a few of my own experiences that hopefully will help you to get a little more consistent results. as I say, I am no expert and this is therefore certainly not financial advice. but especially in these times I think it is nice to help each other a little and learn from each other's mistakes. 1. It's okay to not have open positions from time to time. Occasionally it can be frustrating, if you take a loss, but that's okay, hopefully you learned something from it. I now consider the current (short-term) trend to be neutral/Bearish. and I am now reading Technical Analysis of the financial markets and in that book there was a sentence that I did find reassuring: "It is during these periods of sideways market movement that technical traders experience their greatest frustration, and systems traders their greatest equity losses". Take these times to prepare yourself for a more predictable market phase. 2. Trying to predict a bottom can be dangerous. Try to wait for confirmation, or a known pattern. Take LUNA/USD as an example, luckily I didn’t had any money in this coin. But you don't want to get stuck in a long position, don't forget to set a stop loss either, and the last point actually ties into point 2 3. A well-known rule is that you should not add to a losing position. I thought I had remembered this but I did catch myself doing it at the beginning, especially in times like this it can be disastrous, usually it doesn't end well. I wish everyone the best coming times, hopefully most will achieve their goals. Keep thinking rationally and try to keep your emotions under control. I wish you all the best. Let me hear from you in the comments, I am very curious about your experience in this market. Perhaps you have a suggestion for me, I would be very happy with that. AMEX:SPY
AMEX:SPY
by StijndeVries
2
Clear indication of large gains followed by even more lossesThis chart, (programed in the GIBBERISH language) clearly indicates large gains by those holding the TORN asset, the native asset of the Tornado Washing Machine Corporation of Topeka, Kanas which are then followed by inverse parabolic losses on a Biblical scale and a unforeseen spike in the Spousal Abuse Index. Owners of TORN should pay special attention to the concentrated ownership of this coin and would do well in acquiring the home address and telephone number of the owners of this address. Owners are also advised to re-watch the classic film The Wizard of OZ to fully comprehend the significance of the name tornado and the risk involved in standing directly in the path of high turbulence winds, but this is not advice. Should you see the formation of the Flying Witch in the sky pattern, this will indicate that your trip is to begin shortly and seat belts will be of no use and you are to simply place your head between your legs and kiss your ass sweet qood-bye. Further updates to be provided prior to adverse activity. The Sublime Prince of Enlightenment Toronto, Canada * Full Disclosure: The author of this financial analysis holds a large bag of this asset and hopes to dispose of it at the point where he will realize maximum financial gain at the expense of anyone, anyone at all, who understands the full value of this coin. The author also asserts that all such coin has been fully washed and cleaned and then dry cleaned at Jombo Cleaners down the street , with no trace what so ever remaining of its source or the dirty filthy hands that have touched it after it was removed from an unnamed DEX which shall remain unnamed for the reason of personal privacy and/or any interest by the FBI, CIA or SEC et al in such ill founded rumors.
TLong
by WMWToronto