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Happynewyear

Leave it, Grab A Cup Of Coffee And Relax ☕So, we are reaching the end of the year folk.. 2020 will be gone.. HAPPY NEW YEAR.. What a year it was.. Lot's of ups and downs, We saw both 3000 and 24000 price channel in just one year.. We've experienced Covid-19 and the quarantine.. What a journey!!! We've learned a lot together from this year.. I tried my best to give you my experience on trading, analysis, technical/fundamental parameters and newest oscillators.. I hope you found them useful for yourself and you're satisfied.. I wanted to add one more important tip about market near new year.. All the capital markets, including crypto market, are so risky near and in this big holidays.. Most of big companies closes their 2020 financial reports top traders stop trading for a break or going to holiday and etc.. These reasons make all the markets so volatile and risky. I strongly recommend you to stop trading until mid-January.. Just relax, try to enjoy holidays.. Try to have some time with your family and your loved ones.. These holidays are extraordinary time for you to update your knowledge on the market.. Try to learn something new so you can have a progress for new year of trading.. Try not to be temped to make profit during the holiday, because you're going to regret it with a big loss.. And by the way, You came a long way studying the market this year, you deserve a rest.. We all do deserve it.. For my final words in this post, I want to thank you for accompanying me during this journey that was a great honor for me, I hope you enjoyed it too.. I have a little request.. I really love to read your comments about my idea that I gave you this year, I want to know what do you think about them? How useful were them to you? And the most important thing is that what do you suggest me to write about in upcoming year for you?? If you have friends that you think My profile and ideas can help the give the my address so we all can learn and gain from the market and make our educational community larger and stronger.. I'm waiting to read your comments below my friends, Wish you a great 2021 and HAPPY NEW YEAR...
Education
by ArshiaZojaji
5
NEW YEAR's Resolutions! May 2021 be the best of all!Prepare yourself for a Great 2021! Here are the main pieces of advice I would give to myself when I was first started. Let me know your thoughts... 1- Stop searching for signals, fund management gurus unless you want to lose more money. You chose forex to be your own boss, why do you insist on being a follower? If 90% of traders lose money, then to be profitable, you should stay away from the crowd and trade differently. The only way to make money, in forex or trading in general, is to trade by yourself and to be in full control of your account by following a well-defined trading plan that you implement objectively like a robot. ----------------------------- 2- You don’t have to trade every week, you don’t have to catch every trade. 2-3 trades per week are enough for healthy consistent account growth. We are snipers, we wait patiently for the perfect shot, and let the machine-gunners/traders die in the front. ----------------------------- 3- Call us Risk managers, not only traders. As the only thing we have control on is "Risk". While trading is nothing but a game of probabilities; all you need to do is to find a well-defined strategy that gives you an edge over the market. Keep in mind that your strategy has to be objective, and can be based on pure price action and/or include indicators. ----------------------------- 4- Do not doubt your strategy or your entry just because your fellow traders offline/online disagree with your position direction. Remember: The odds of being right aren’t with the crowd. I want you to be fully confident in yourself and your trading plan. I want you to look at the mirror, and say “I am the best trader I know” ----------------------------- 5- Stop searching for new methodologies. If your strategy is giving you profit. Then focus on it and repeat. You have got a money machine. Just like when you get married. You chose to spend the rest of your life with your partner, knowing that you may find someone better, smarter, more beautiful… but you are done searching. (Unless you want to cheat on your partner) ----------------------------- 6- Think long term => 6 months – 1 Year and NOT weekly – monthly. ----------------------------- 7- Always use stop-loss => Trading without a stop loss is like driving without a seat belt. ----------------------------- 8- Enter with a fixed risk per trade. Not fixed lot => Professional traders think risk, amateurs or scammers count pips. Do not trust anyone who shows his/her results in pips. ----------------------------- 9- Think quality, not quantity => We are snipers, we just sit back patiently and wait for the perfect shot, while shotgun traders die at the front line. ----------------------------- 10- Treat the market like a trader, not an investor => Don’t get attached to one single trade. It is just one in a lengthy series of trades. ----------------------------- 11- If you are not feeling well, don’t trade => You don’t have to trade every week; you don’t have to catch every trade. ----------------------------- 12- Stay humble, or you will be humbled by the market. If you know a trader whose ego is through the roof, he is not a trader. You may call him an analyst, instructor, or even a scammer, but not a trader. ----------------------------- 13- We do not predict, we simply speculate and react => Just like chess, let the market make the first move and react accordingly. ----------------------------- 14- Find a mentor => Learn from those who are more experienced than you and surround yourself with talent; By keeping an eye on how veteran traders invest, you’ll begin to understand how they think and make crucial trading decisions. ----------------------------- Again, Happy New Year Everyone! May this Year be the best of all! ~Rich
BITFINEX:BTCUSD
by TheSignalyst
40
Silver will reach back to the upside channel target 25,098 euroAs you can see we have closed an outside bar on a daily basis. This week canldestick will be bullish to ,because after a outside bar , we have seeing a bullish rise in the last bull run in 2010. When it gets to the upside channel(green) we'll probably see a bull run to 30 euro. With a good of luck we could see a new all time high at the end of april 2021 The risk is under 21,106, because there you see the last support. Small risk and high profit Good luck
FX_IDC:XAGEURLong
by price_action_bars