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Head and Shoulders pattern, First try. (beginner) Hi, I'm new in the business and I'm trying to get some feedback on some basic patterns used to predict the next moves. This is a head and shoulders pattern. It was done in Spanish since it is my first language and my mates don't speak English. The Moving Average is 80 for long term positions, the timeframe used is 1HR and I think it is very simple to understand. I just want some feedback about what I did and any possible suggestions on how to better do it in the future. I appreciate your feedback and thanks.
by teacher.miguelrangel
This is what you need to know before tradingHi this is my approach to the market. Prepare this list for yourself before trading: - Good broker - Good mental books to help you (my recommendation Zen in the markets is a must) - Good trading idea - Good risk management - Good rules - And always learn new ideas and back test it - And learn to manage your life (you need no distractions so do the things you need to do before hand, it can be job or homework) As far as we know the market is quite unpredictable it is essential for you to prepare yourself or you will learn it the hard way. My advice : after you checked the list learn lot of trading ideas and choose the most profitable ones to back test it. - Follow your rule - Whatever you do, do not go against the trend always follow the trend FOLLOW THE MARKET - Always approach the market blank minded and do what the market is telling you. Good luck If you want to create new broker account i recommend this broker : lnd.easymarkets.com
Education
by BilegtGanbaatar
EUR/USD Swing [Personal Analysis]-EUR/USD 1h chart shows side way trend within channel -1h and 1d Stoch oscillator have just pass the oversold region -For 1h chart, MA50 and MA200 likely to cross each other, indicate possible change of movement direction -However it is also worth noted that MA50 and MA200 is yet to cross each other for 1d chart -If enter at 1.31610, monitor the movement especially at resistance line R1, R2, R3. If unable to enter at 1.31610, enter when resistance become support -Target Price follows R1, R2, R3
Long
by MsrJon
How does Bitcoin work? | Introduction to Bitcoin and BlockchainIntroduction Bitcoin, the world largest digital currency, was launched in 2009 and currently reached a market cap of over 200 billion dollars. But still, most of the people don’t understand how it actually works, so this is why we are here. Unlike the fiat currencies that we are familiar with, owned or controlled by central banks, Bitcoin has no central authority. But what happens when I don’t have a central authority to verify that everyone is actually doing his job and following the network rules? How to prevent the double spending without the central group? How to automatically keep tracking of all balances and transactions? How it works: Bitcoin as a network runs on a protocol known as the blockchain. Each blockchain is unique to each individual user and his/her personal bitcoin wallet. To get a digital network we need accounts, balances and to make a transaction. Until now it is easy to understand. One big problem every payment provider needs to solve, its own name, Double Spending. The same amount spent twice, usually prevented and monitored by a central group, that keeps track on the balances. In a decentralized network, you do not have this group, so everyone who is related to the network has a job to do. All bitcoin transactions are logged and made available in a public ledger and must be verified by miners on the blockchain, helping ensure their authenticity and preventing fraud; prevent transactions from being duplicated and people from copying bitcoins. While every Bitcoin records the digital address of every wallet it touches, the bitcoin system does NOT record the names of the individuals who own wallets. Current status Satoshi Nakamoto was the first one, not only to answer all of those questions – but actually to make others thoughts into a reality. His system has been proven in achieving consensus without any central group. The confirmation is a critical concept in the cryptocurrency system. The transaction is known in the whole network almost in the same moment it placed. However, only after a specific time, it will be confirmed. It can not be reversed and it becomes officially part of the blockchain. The only one who can confirm the transactions are the miners, that’s their role in the cryptocurrency-network. They receive the transactions, verify them and spread them in the whole network. The miners get rewarded with a token of the crypto-network they are involved in, for example with Bitcoins in the Bitcoin network. New Crypto Course: readbtc.com Buy Bitcoin via Credit Card: readbtc.com Need a Plan? Get an Expert: readbtc.com
BITFINEX:BTCUSDEducation
by ReadBTC