Get started

Educational

So what does the strategy i use actually do?!The strategy we use we have built ourselves! and does ALL of the follow HAS A BUILT IN LOT SIZE CALCULATOR✅ WHEN TO ENTER A BUY OR SELL TRADE✅ WHERE TO PLACE YOU STOPLOSS✅ WHEN TO EXIT THE TRADE✅ 3+ YEAR BACKTEST HISTORY IN SECONDS✅ TAKES THE STRESS OF TRADING✅ GIVES YOU THE FREEDOM TRADING SHOULD GIVE YOU✅ IS DIFFERENT FROM WHAT THE OTHER 90% OF TRADERS ARE DOING ✅ WORKS ON ALL PAIRS✅ WORKS ON ALL TIMEFRAMES✅ MULTIPLE RISK APPROCHES ✅ What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too!
by congibb
Motivation vs Engagement in trading!What are Motivation and Engagement in trading? 🧐 What are Motivation and Engagement in trading? Motivation is defined here as the energy, drive, interest, and inclination to learn and achieve goals. Engagement is defined here as the behaviours following from this energy, drive, interest, and inclination. Motivation and engagement are desirable ends in themselves (i.e., it is great to be motivated and engaged). Motivation and engagement are also a means to desirable ends such as achievement (i.e., motivation and engagement lead to great things). There are four areas of motivation and engagement, and 11 facets of motivation and engagement within these four areas. Positive Motivation • Self-belief. Self-belief is an essential feature of any successful trader. Belief and confidence in ability to meet challenges you face in the market, and to perform to the best of your ability . • Valuing. Valuing is the extent to which you believe what you learn is useful, relevant, meaningful and important. You can assess the importance of the deal in a given period of time. Assess risks and possible rewards. • Learning focus. Traders, who are learning focused are interested in learning, developing new skills, improving, understanding new things, — not just for rewards they become more successful. I ALWAYS DO ACCESS ON DEVELOPMENT !!!NEVER STOP DEVELOPING !! Positive Engagement • Persistence. Persistence is shown by traders when they keep trying to work out an answer or to understand a problem, even if that problem is difficult or challenging. • Planning (and monitoring). Planning refers to how traders plan assignments, deals. Monitoring refers to the strategies used to keep track of their progress. • Task management. Task management refers to how traders use their time, organise their timetable, and choose their potential deals. Negative Motivation • Anxiety. Anxiety has two parts: worrying and feeling nervous. Worrying is fear about not doing very well , miss an opportunity, losse money etc. Feeling nervous is the uneasy or sick feeling traders get when they think about or do their work. • Uncertain control. Traders have an uncertain or low sense of control when they are unsure how to do well or how to avoid doing poorly. • Failure avoidance (or fear of failure). Traders are traing to failure avoidant but the main task is to learn how to control risks in each deal. Negative Engagement • Self-sabotage. Traders self-sabotage when they do things that reduce their success at the market. Example: Be afraid to enter a deal too early and enter a deal too late. • Disengagement. Disengagement happen a trader after several losing trades. The main thing is not to give up, at such moments you need a support of more experienced traders who went through the same feelings. TO BECOME A SUCCESSFUL TRADER WITH FULLY ENOUGH POSITIVE MOTIVATION AND ENGAGEMENT !!!
BITSTAMP:BTCUSDEducation
by RocketBomb
4
Three Market Myths DebunkedThere's a tonne of myths out there to do with markets and trading, some which are totally bullshit and others which are half truths, embellished to their fullest. We're going to take a look at some of these and see what the real story is behind these tales. The myth about free trading apps You've probably seen adverts recently for free trading apps or brokers. You know the ones... Robinhood in the US is the best example of this. But are they really free? Not really. See, it's a marketing trick. No, there aren't any explicit commissions added, but they make money by a practice known as payment for order flow. What's that? This is the compensation received by brokers for directing trading flow to different counterparties to fill the trade. High frequency trading firms such as Virtu and Citadel tend to be the largest beneficiaries of Robinhood's flow. Payment for orderflow is 'banned' in the UK under MiFID... But I'm not so sure it's not being carried out. Here's what IBKR (Interactive Brokers Lite) say in their best execution policy. New and existing clients will be able to select between using IBKR Lite and IBKR Pro and switch between the two levels of service up to three times and then once per quarter. Like many other brokers, Interactive Brokers will route the orders of IBKR Lite clients to market makers in exchange for receiving payment for order flow. Clients that opt to use IBKR Pro will continue to receive the best prices our sophisticated algorithms can secure for them. Yes, this is mainly US focused because PFOF is banned in the UK, but perhaps what is going on in the UK every now and then is that flow routed to an overseas subsidiary (usually US based) to get around the issues (I doubt it though, so US readers, this is focused to you). What this tends to mean is that uninformed traders are drawn in by the marketing, and who will be more price agnostic. They will be happy to filled at a worse price than the shown bid or offer. This is profitable for the market making firm. When it comes to fractional share dealing in the UK, you are being filled in house predominantly and the broker takes the spread. Fractional share dealing is naturally an indicator of an unsophisticated market participant, so they're happy to run with this model - it probably works well for both parties, actually. To achieve the best pricing, the tip then is to be well capitalised and to choose your broker carefully. And not to YOLO long deep OTM calls with full leverage. The myth about market makers My favourite. If you haven't watched this interview that I did with Adam Webb, then you're missing out. www.youtube.com Market makers are not out to get you. They couldn't care less about your stops. They are there to provide liquidity to a market and want to remain delta neutral - that is, their inventory at the end of the day is neither up nor down but flat. What most people might think that a market maker does (and they would be right, but not necessarily in the traditional sense) is run a B-Book where all flow is internalised. Retail brokers might do this because they know that most people will lose. And a handful might run a plugin such as MT4 virtual dealer which messes with order execution and limits positive slippage, but for the most part, brokers on the other end of your trade will monetise the flow that they can - and if this means not putting your order through to the actual market (at no detriment to you - the B Book can mean you get better fills sometimes) then so be it. The myth about ECN/STP brokers This is a big one in my view. A few years ago, there was a load of furore surrounding wanting to be with a true ECN. Firms advertised that they were an ECN (electronic communications network)/STP (straight through processing) all over the place. Both of these terms essentially mean that you're being filled by a liquidity provider who is connected to prime brokers. The problem is that many were simply sending flow to a different legal entity and B-Booking them there. If you recall, FXCM was banned from the US for doing pretty much this. You can check out where the percentage of orders are executed by looking at a firm's RTS-28 disclosure - give it a Google. Again, just do due diligence. Ask around your peers, and make sure you pose questions to the broker.
by FinkPro
ROAD TO $100,000 - IS BITCOIN REALLY THE BEST INVESTMENT TO MAKECrypto Financial Education: #Bitcoin is approaching an ATH and while bitcoin may hit and probably surpass its ATH of $20,000. One may stop to think is it really the best investment decision? Let's turn-on our time machine and take a look back in 2016-2017.⬇️ Bitcoin made its first major mainstream ground-breaking ATH in December 2013 when it grew from $70 to about $1150 - That's a 15x ROI. Thereafter it took about 4years for #Bitcoin to hit this ATH again in January 2017 when it made a hit at $1160 and then it ranged for weeks till it rallied up to make a record high of $20,000 on December 17th(my birthday on a sidenote😅) same year. -That's a 20x ROI from ATH Currently we find #bitcoin in a similar situation just this time on a more bigger scale as it may seem but in respect to the stock-to-flow ratio its not really big 🤷🏽‍♂️. #Bitcoin after hitting an ATH of $20,000 has long been in a bear market and once again for 3 good years and again like 2016, 2020 replicates, creating a low of $4300 (i still could remember ranting to buy bitcoin) 😌... well you know that time is long past now. Just before you bite your nails there's really no point regretting not buying...🤷🏽‍♂️ Just like 2016 #Bitcoin kept up with monthly highs all through the year till it broke the ATH of $1100 in January 2017 then it ranged for few weeks before rallying up 20X 📝Key Takeaways - its necessary to note that the bull market of 2017 didn't start in January 2017 but from January 2016 at a record low price of $370/BTC From then till the end of 2017 major month closed at new all time highs. --- NEVER DROPPED BELOW THOSE EARLY PRICES TILL DATE In 2020 Bitcoin has had it replicates with monthly ATH market close and soon i believe in matter of weeks it will break $20,000 - Don't expect 40-50% drop its a vainly wish and a fools hope. *Corporate investors in #Bitcoin buying at $18,000-$19,000 are not based on hypes. After we hit ATH at $20,000 i believe we will surpass to about $22,000 and see the price range between $22,000-$19,000. Key Takeaways just before we continue; Since March to date - we've had consecutive months of new highs. Apr - $9,000+ May- $9,900+ Jun- $10,000+ Jul - $11,000+ Aug- $12,000+ Sep- $12,000+ Oct- $14,000+ Nov- $19,000-$20,000+ Dec- #Bitcoin ??? But while the price is ranging some interesting things are gonna happen. After the price ranges probably for weeks we will continue with new highs and once again #Bitcoin will make a new ground breaking ATH am expecting a peak euphoria to catapult price to about $100,00-$140,000. That would be 20x ROI from $6k/BTC and 5-7x From current ATH. Now that brings us back to our opening question Is #Bitcoin the best investment at the moment⁉️ To answer this question let's compare the #Bitcoin 🦍 performance to the underdogs 🐣 The #Altcoins Now this is where things gets interesting. In 2013: When #Bitcoin grew from $90 - $1000 = 10X #Ripple grew from $0.003 - $0.06 =20X 2017: #BTC grew from $1k-20k = 20x #xrp grew from $0.06-$4.00 = 66x 📝 Side Note In plain Lehman English thats to say if you had invested $1000 in bitcoin in early 2017y ou would have made $20,000 by its end and if on Ripple you would have made about $66,000. #DYOR You can do the maths for other investment equities. 😳😳😳😳😳😳 2017 #Litecoin from $4 - $320 = 80x #Ethereum from $10 - $1500 = 150x #StellarLumens from $0.003 - $0.93 = 310x (Mere $10 would have given you $3,100 clean cash in one year) Trust Me The Maths Will Keep You In Awe😉 When we look back in time we find it a no-brainer that the #Altcoins always outperforms Bitcoin in ROI. Now this brings us to the pause when bitcoin hits ATH and range - during this period is what I categorize as the "Wake of the #Alts season - Accumulation" 💥Good News: We are currently in these periods - so its still not late to invest 💚 Now what I believe will happen is this. #Bitcoin will accumulates more money and gain an increased market share dominance probably up to 65%. For a short-time it will feel as though alts are not moving (although we are a little started already as they have)... Total crypto market will make new highs then the #Bitcoin dominance starts to decrease but market cap will remain unchanged or continue increasing. I believe we are currently seeing this happen - this period money starts to pump into #Altcoins as investors are always looking for the best ROI. The underdogs as usual presents the best offers the #Altcoins starts booming from the top alts to the least alts (shitcoins).. In 2017 the shitcoins which where the least alts grew 100x, 250x, 1000x famous names of Dogecoins, Bitconnect, Blackcoins, the rest is history you can DYOR. The others where the famous ICO's burst. I could still remember the popular caption - "Missed the #Bitcoin train"😂 2017 ICOs gave the best investment returns (as with the risk) But in 2020 this time we have something new in the crypto space which we call "#DEFI". A New interesting concept 💡 When Euphoria takes on #Bitcoin , price will skyrocket and this time most likely crypto will go into mainstream adoption like gold then correct in price and then stabilize. #Crypto users will want to earn interest on their assets, thus they will pour their money into DEFI- Decentralized Finance which will be the new form of Banks. #DEFI projects and coins will see mega growth in price and ROI. - But this is a debatable topic for another day So my advice if you still want to get into crypto Key is Diversifying. In the list of top 100 wealthiest- Warren Buffet is the only one whose not an innovator nor into consumer products Yet he made a fortune investing in stocks. You could be the next Buffet with crypto😉 My crypto portfolio recommendation: (Not a financial advice DYOR😉) If you got good bucks Bitcoin - 40% Top Alts (XRP,ETH,BCH,LTC,DOT, top 50 ) -30% Underdogs(list of 50>, ETN, SXP,MATIC,THETA,BAT,NANO,etc) - 15% Defi (KNC,AAVE,SOL,REN,AKRO,etc) -15% (coinmarketcap.com) If you aint got good bucks less than $10,000 investment i.e range of $10-$9000. Honestly you got no business holding Bitcoin- actually you don't really need to.🤷🏽‍♂️ Your list should be like this👉🏼 Top Alts (Top 50 - XLM, XRP, DOT, IOTA, ADA,etc) - 40% Underdogs (Top 50-200 same as previous list) -30% DEFI(same as previous list) - 30% #DYOR At The Moment most if not all these coins are still under-appreciated and undervalued. (coinmarketcap.com) Investing in #Bitcoin at this time is for those with surplus resources the big guys whose liquid cash are in excess of millions and don't mind losing couple of millions 😎. Likes of Paypal and Cash App buying over 10,000 BTC at the rate of $18,500 or Grayscale 10,000 btc at the rate of $17,000-18,500 or square who bought 4700 BTC at about $10-11,000. Yet they say just 1% of their portfolio 😂😂😂😂 Trust me these big guys ain't fools, 2017 #crypto was bought by young enthusiasts selling houses and cars to purchase #bitcoin, little movement they frighten out for fear of debts. The current players and holders of bitcoin are saving in illiquid wallets. If these guys are buying at $18,500 without pressure and still buying - its a no-brainer to understand something big is coming, corporate investors think things through for weeks/months before decisions are made. And this decisions are taken in group and not sole-individuals And they don't shaken out for intra-day noise. They focus on the big picture and often have a long-term target in mind. They don't care losing millions and they are in no pressure. Thanks for reading and hope you buy some cryptos 😉 SEE YOU AT THE TOP ❤️ Regards Nicholas Ilechie
BNC:BLXLong
by niclaxfx
2
Forex Pairs Correlation: Avoiding Contradictory TradesHello, in this post I will be talking about Forex Pair Correlations. A problem new traders frequently find themselves in is opening/having positions that are contradictory. I will elaborate on that but for now, let's understand first what correlation is. A correlation is a statistical relationship which means that when A moves a certain way, B will move a certain way. The stronger the correlation, the more likely that the price will move along with each other/opposite of each other. There are 2 types of correlation; Positive correlation which is A and B will move together, and negative correlation which is A and B will move opposite of each other. Now that we understand what correlations are, I can address the problem that new traders have. Contradictory positions: For example, having a long position in GPBUSD and a short position in GBPJPY is contradictory since these 2 pair has a 87.5% correlation which means 87.5% of the time, it will move together. As you can see in the graph, when the GPBUSD (Blue) moves up, GBPJPY (Orange) moves up and vice versa. This applies to moving down as well. GBPUSD (Blue) and AUDNZD (Yellow) is an example of a negative correlation (-69.7%). My recommendation to avoid having these problems is if you do not yet have an understanding of which pairs will move up and down together, check this website: www.myfxbook.com This website will show you every pair and its correlation. Of course, there are some exceptions to when contradictory trades are fine like when hedging against each other or when 1 trade is short-term/intraday/scalping, looking at the smaller trends and the other one is swing trading/position trading looking at the bigger trend. However, I do not recommend new traders to hold/open contradictory trades until they have some confidence in what they are doing. Main points: 1. A correlation is a statistical relationship which means that when A moves a certain way, B will move a certain way. 2. Positive relationship = Pairs will move the same way. 3. Negative relationship = Pairs will move the opposite way. 4. New traders should avoid contradictory trades. 5. Website for checking correlations: www.myfxbook.com Please give a thumbs up if you agree with the educational post and if there are any questions, feel free to comment down below.
Education
by AresFx
2
Holy Grail Trading System Hello, my lovely friends!!!💓 🔥Today I have something spesial for you today! 🔥 That's Holy Grail Trading System !!! By “Grail” in trading we mean a unique trading system, that can continuously generate profits. According to the legend of the Holy Grail, those who drink from this cup receive immortality. The idea of ​​this scheme is simple. Only by applying of those three conditions You'll become possible to significantly increase capital💰 🧐Let's go briefly through all elements. The first element, trend trading, I think, doesn't need unnecessary comments. Trending strategies for a trader are the best way to make money. But why is this element alone not enough? Even if a trader has an ideal trend trading system, in the absence of a trend, he will lose money. The trader should be where there is volatility, because volatility = profit. The ship in full calm stands still, no matter what sails he had. There is an element of luck. Yes, there is place for external circumstances on the market - there is nothing to be done with it. Not everything is controlled by the trader. It's especially important for risk-averse traders to learn not to get into the market during periods of low volatility . At the last stage, trader need to find balance between the desire to squeeze as much as possible out of the market and the ability to calmly, without nerves, sit out corrections. When the market turns against the position, the trader still doesn't know whether that's a correction or a trend reversal. While sits in position and makes a decision, this movement eats up part of the floating profit or creates a loss. If the trend doesn't resume, a late trader has to close a losing position. The risk should be approximately, that trader can make such a mistake a sufficient number of times and still be afloat💪🏻 Guys, I try very hard for you💓, I carefully select the material, I want to express my thoughts as clearly as possible! 💋I like to teach, I get special pleasure of it !!! Support my enthusiasm with like! Write in the comments : It was clear for you of not? Maybe you have any questions! I'm glad of your feedback !!! Always Yours Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
22
Why having 2 TP targets is good Hello, in this educational post I will be talking about why having 2 or 3 TP targets is good. As an example, I will be using one of the trades I have running currently on EURUSD. My initial target for this short position is to hit the lowest point of yesterday and it was going well until a pullback happened which is currently happening right now and probably reaching my entry point. If I didn't have more than 1 TP target, this trade could potentially be a loss or a breakeven but since I had another target that is closer to my entry point, I could close half of my position, move my SL to breakeven, and secure some profit. On the graph, you can see that I secured 33.5 pips of profit by closing half of my position so that if the price reverses, I would still gain some profit off of this trade and it did eventually reversed. A rule of thumb I normally use for my first TP is half of my final target or a closer/weaker support/resistance level. I do not recommend having more than 2 or 3 targets if you are relatively new to trading. *This only applies to Intraday Trading, Scalp, and Short Swing Trades.* To conclude all my points: 1. Having another TP before your final target is good to secure profits in cases it reverses. 2. Move to SL to breakeven once your first target is reached so if it reverses, you are guaranteed profit. 3. A rule of thumb I normally use for my first TP is half of my final target or a closer/weaker support/resistance level. Please give a thumbs up if you agree with the educational post and if there are any questions, feel free to comment down below.
Education
by AresFx
5 Steps Forex FOMO Battle PlanFOMO = Fear Of Misssing Out . Here's How You Can Counter it Trading Plan Following Your Trading Plan Doesn't Allow For Impulsive Trades > The Habit Will Control The Urge To Make FOMO Mistake's Confirmation Wait For Confirmation Before Trading > Better Enter a Trade late and be Right Than Enter Early and be Wrong Order Type Plan Ahead . Use limited and Stop orders instead of Market order's . it will take away the Stress Price Alerts Keep Up To Date of Market's Without Being in Front Of Forex Chart's 24 / 7 . Know Your Self Be Disciplined . Be Patient There Will Always Be Opportunities
TVC:GOLDEducation
by GoldenEngine
2
The second series - MIND OF THE MARKETMIND OF THE MARKET Stage 1 Consolidation - ambiguity ) --------- the market is mostly unnoticed and underappreciated by the public Smart Money begins to nibble up the supply Stage 2 Opportunity -------- The Smart Money Aggressively Place Buy Order Late Stage 2 Fear of Missed -- Opportunity Greed -- ---------- They Hard Finally Buy's - To Near The Top The Smart Money Take's Some Profit Stage 3 ---------- The Hard Stampedes into market While The Smart Money Takes Profit The Market Moves Down and Up in Erratic Rising Uncertainty Stage 4 ----------- The Smart Money liquidates and inflated short positions the herd thinks The Market Is Cheep and Buys Late Stage 4 ------------ The Herd Finally Gives Up and Sells The Smart Money Covers Their Short Positions By Buying into the hoard's Selling Stage 1 Consolidation - apathy ) ---------- the herd has forgot about the market , The Smart Money merely watches and waits for the next Opportunity in this market
TVC:GOLDEducation
by GoldenEngine
6
Discipline or Motivation?💥Welcome friends!💋 What's more important to you: Discipline or Motivation? Today we'll talk about it.😊 There are two main ways to force yourself to do something: ⚡ the first, most popular, is try to motivate yourself; ⚡ the second, less popular, is to develop self - discipline. What's the difference?🧐 Motivation is based on the erroneous assumption, that a specific mental or emotional state is needed to complete a task. Discipline separates activity from moods and feelings and thus bypasses the problem. The consequences are staggering. Simply put, you don't have to wait until you'll in Olympic form to start training. No, you train to achieve this form!!!! Why discipline is more important than motivation ? IMHO🧐 Chasing motivation means, that we need to do only what we're in the mood for. The trick is to cut the connection between feelings and actions, to do right thing anyway. You will feel good and energetic afterwards. To achieve success with only motivation is the wrong way. You risk losing your enthusiasm very quickly. Since real life in the real world sometimes requires people to do things that can't always be done only with enthusiasm, sometimes willpower is needed. Motivation has a tiny shelf life and needs to be constantly updated. Motivation is not the best foundation for your normal daily activities, and it is unlikely to help you achieve long-term results. Discipline is a motor, that once started and constantly supplies energy to You. For consistent, long-term results, discipline trumps motivation. Discipline is when you do something even when you're not in your best condition. Discipline is more or less permanent, and motivation is fleeting. How to develop discipline? 🧐 You need to acquiring habits - starting with small, even micro ones, gaining momentum, using them to make further changes in daily life. THE MAIN ADVICE TO YOU: Even if it's difficult for you - fight!🔥 The hardest fight is the fight with yourself! But the victory would be so sweet💪🏻 Thanks for Your attention🙏🏻 Stay in touch🧡 Sincerely yours Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
6
Financial Plan PROCESE TO ACHEIVE 1 - Assessment You must have the right climate and the right environment to help you succeed. And extra money can meet your needs ----------- 2 - GOAL SETTING You must have clear goals, whether in the medium, long or long term, and you must work hard on them and have a plan for how to achieve those goals. 3 - Creating a Plan You must have a clear plan of action that you should not deviate from, no matter what it costs you, and calculate the risks and rewards, and not allow yourself to go beyond or out of context. ----------- 4 - EXECUTION Eliminate mistakes and learn from them so that you can always develop and keep pace with market conditions ---------- 5 - Monitoring Learning constantly and working on self- development and not being satisfied in a specific way for profit Always find new and effective methods with market variables
TVC:GOLDEducation
by GoldenEngine
6