Facts
😎MYTHS ABOUT TRADING BUSTED😎
⚛️The world of trading is full of myths and misconceptions. We often hear stories of overnight successes and devastating losses. It can be difficult to separate truth from fiction when it comes to trading. In this article, we will debunk some of the most common trading myths and provide the facts to help you make better investment decisions.
❌Myth: Trading is Gambling
✅Fact: Trading involves analyzing market trends, researching companies and industries, and making informed decisions based on data. Successful traders do not simply rely on luck; they systematically evaluate risk and reward before making trades.
❌Myth: You Need to be a Financial Expert to Trade
✅Fact: While a basic understanding of the market is important, you do not need a degree in finance to be a successful trader. There are numerous resources available to help beginners learn the basics of trading, including online courses, tutorials, and mentorship programs.
❌Myth: Day Trading is the Best Way to Make Money Quickly
✅Fact: Day trading involves buying and selling assets within a single trading day in order to profit on short-term price movements. While it can be lucrative, it is also risky and requires significant time and effort. Many successful traders prefer to take a long-term approach, focusing on investments that will appreciate over time.
❌Myth: You Need a Lot of Money to Start Trading
✅Fact: While having a larger investment portfolio can certainly provide more opportunities for profit, you do not need a huge amount of money to start trading. Many online brokers offer low minimum account balances, making it easier for beginners to start investing.
❌Myth: Trading is Only for the Wealthy
✅Fact: Trading is accessible to anyone with an internet connection and a willingness to learn. While high net worth individuals may have more resources to invest, anyone can start trading with a little bit of research and a willingness to take calculated risks.
❌Myth: Technical Analysis is the Only Way to Predict Market Trends
✅Fact: Technical analysis involves analyzing charts and data to predict future market trends. While it can be a valuable tool, it is not the only way to make informed trading decisions. Fundamental analysis, which involves evaluating a company's financial health and growth potential, is equally important.
❌Myth: Trading is a Solo Endeavor
✅Fact: Trading can be a solitary activity, but it is important to take advantage of opportunities to learn from and collaborate with other traders. Online forums like Tradingview, mentorship programs, and networking events can all provide valuable insights and support.
✳️In conclusion, there are many myths surrounding trading that can prevent individuals from taking advantage of its potential benefits. By separating fact from fiction, traders can make informed decisions and increase their chances of success. Whether you are a seasoned investor or a beginner, knowledge and education are essential to achieving your financial goals.
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GOLD | Interesting facts about GoldOANDA:XAUUSD
1.Gold is a 'noble' metal, meaning that it does not rust or lose its shine. Other noble metals include ruthenium, rhodium, palladium, silver, osmium, iridium, platinum, mercury, rhenium and copper.
2.Gold is the only yellow metal. All other metals darken or turn a yellowish colour after they have oxidised or reacted with other chemicals.
3.Gold is one of the heaviest and densest of all metals in the Periodic Chart; a cubic foot would weigh more than half a ton.
4.Pure gold will melt at 1064.43° and boils at 2856.1°. Even at normal temperatures gold is extremely soft. One gram of gold can be flattened down to a square meter sheet, which is so thin that light passes through, and because of this it has been used as a protective film on visors in space suits
5.Odourless and tasteless, gold is not toxic - and flakes may be eaten in foods or drinks.
6.Gold is far rarer than diamonds but is only the 58th rarest earth element.
7.It is estimated about 160,000 tons of gold have been mined throughout history.
8.In 2018, China was the world leader in gold mining production. Second was Australia, Russia third, US fourth and Canada fifth.
9.The largest gold nugget is the 'Welcome Stranger' mined in Australia in 1869, weighing in at a colossal 173 pounds (that is nearly 78.5 kilos).
10.The first gold coins were produced in Lydia between 700 - 650 BC. They were made from electrum, which is a naturally occurring alloy of gold.
11.The Swiss Franc was the last remaining country to peg its currency to a value in gold. It became a fiat currency in 1999.
12.The Perth Mint in Western Australia cast the largest ever coin - weighing one tonne and measuring 80 centimetres (31.4 inches) in diameter.
13.New York’s US Federal Reserve Bank is reported to hold 25% of the world's gold reserves.
14.Gold is frequently used as a safe haven asset in times of economic turmoil or geopolitical uncertainty.
15.Gold has historically had a weak correlation to movements in the financial markets and is frequently used as a hedge against inflation.
TOXIC TRADERS ☠️📌 Both optimism and pessimism is the worst thing to happen to a trader.
⚠️ Please do not believe in a chart or have a faith for that...
📍 Being realistic and trade based on reasonable facts is the best way of trading. Always make decision based on facts and DO NOT TRUST YOUR HEART NOT EVEN ONCE.
⚠️ Set your risk by considering your character; are you willing enough to take risks as dangerous as completely losing all your money?
⚠️ As I wanna mention it again: NEVER BELIEVE IN CHART. Just see it as a potential oppurtunity.
📍 Trading is a game of numbers, mathemtics, algorithms, cycles, supply and demand, economics, etc. One of the most strict majors in the human history.
⚠️ Do not include your emotions and or you belief or faith in this game.
This is not a financial advice, I just am willing to share my own experiece with you guys
With y'all a very happy and profitable lifestyle
Bitcoin Death and Golden Cross on the Daily Time FrameIn a recent publish on my chart regarding the Death Cross. This is the same chart just zoomed out so you can see at which point in the $BTC #Bitcoin history did the Golden and Death Cross occur and what was the actual result. Now this is a chart and charts don't lie. Plain and simple facts. You will also see the number of fake outs that occurred and immediately what the price of $BTC #Bitcoin did after. There is also a concern that if $BTC #Bitcoin carries on it's sideways movement the Death Cross will be killed but unfortunately this is not the case. In order for the Death Cross to be invalidated is for the price of $BTC #Bitcoin to go up and keep going up and not to go up and retrace to the same price levels again and again just like we are seeing now in the price of $BTC #Bitcoin
XAUUSD GOLD BUYYGold will always be the safest investment epically with the world circumstance nowadays so I have published this trade to everyone to take this opportunity before you regret it our first target is $1800 and 2nd target is $1900 and our final target will be above $2000 as we are heading to a huge financial crisis we never saw in history which will attract investors to buying gold.
the reason I say we are heading to a financial crisis is because the total world GDP atm is $85 trillion dollars and the world debts is 3 times higher than the GDB which is $260 trillion.
EU have once said when the world debts is more than 60% then we are in a dangerous situation and today we are 300% higher than the GDP.
To conclude we are gonna have a huge financial crisis which is different than any we had in the past (2008&1929) and also USA will start the war with China before the election and starting the war will make trump win the election.
Bitcoin HAS seen a Recession. Dear Crypto YouTubers:
To those who Say
"Bitcoin never saw a recession."
Oct 31, 2008: Bitcoin Launches.
DJIA then Fell 30%
over 4 months.
The recession ended
long after the market bottom.
It was Borne in Recession.
It was traded in Recession.
And Now You Know!
-- BitcoinMarketingDept.com
4 hr Possible Inverse Head and Shoulders.Woke up this morning had some tea, and a small shot of Hopium. We are forming a possible inverse head and shoulders on the 4 hr. My stop loss was hit yesterday so I am currently waiting on the sidelines to see how high we can go. Oversold on Rsi, this may just be a "refresh" of the RSI to lead to further downside action. My targets are as follows: High 5780 then possible rejection and downside target of at least 4700-4800. Let us try to put aside "moon boy-ism" and "hopium hits" and look at the facts. We will not allow Wall Street to get all the bitcoin at discount prices. To infinity ... and beyond.