Get started

Moneymanagement

Btc Will lead eth and crypto to correct?Hi, i share some idea about btc and eth before. Seems the Same. I think in 1h chart we can see some indecision making lower high and Same low, that seems another descending triangle. I would Like to make u see on 1w chart the rsi formation seems a really bad rising wedge.. yes im maybe the First to use pattern on rsi, but let s see :) For now Same as eth. Can short now (31700-31890 usd) Lev 5x and set stop at 33100. Dont invest to much . For profit i see Good tp in 27000 area and down to 25000 area. If break can see massive sell off to 20000
BITSTAMP:BTCUSDShort
by TheMisteryBouly
1
9 Golden Rules of Effective Money Management 9 Rules of Effective Money Management in Trading 1. Choose the correct position size. The basic rule is one: don't forget to minimize your risk and correctly calculate position size in every deal. For example, you can invest all initial capital in one trade. But why? After all, you can never be sure, that particular deal is guaranteed to bring profit. Many professionals use the "Rule of 2% " - when in one position a trader risks no more than 2 percent of him deposit. In this case, if the trade is closed at a loss, you'll only lose a small amount of money. There is also an alternative approach, where the trader risks a fixed amount of money (for example, $ 5), that he would be comfortable with losing. 2. Don't trade too aggressively One of the biggest mistakes is too aggressively trading . Even a small series of several losses in a row, with an incorrectly selected position size, can lead to a significant decrease in the size of your deposit. 3. Always set Stop Loss Placing a Stop Loss order for each trade has practically no drawbacks, only advantages. Very often, traders become emotionally attached to their trades, which can be fatal. For example, if a trade becomes unprofitable, an emotionally involved trader will not want to close it and will believe, that the price can still turn around and go in the right direction. Setting a stop loss helps overcome this problem. Thanks to the stop order, you can strictly control the ratio of profit and risk. You should always follow this rule, so that money management in trading gives you tangible advantages, and the deposit doesn't melt before our eyes. This is one of the basic principles of risk control. Certainly not the only one. 4. Be careful with leverage In the cryptocurrency market, many traders use leverage. It can be useful, but using it can also lead to huge losses. As long as you rationally sizing your position and not using too high leverage, then you are fine, you are safe. 5. Keep your emotions under control Capital management in the market full of emotions: from excitement and euphoria to fear and frustration. Try to free your mind of emotions - this will help you make rational decisions. The easiest recipe not to lose money is to take control of your emotions. All wrong trading decisions are usually made under the influence of emotions. 6. Take responsibility for your results (both losses and profits) How to manage capital? First of all, with full awareness and responsibility. Traders must recognize, that their trades can be both profitable and loss-making. Assuming every transaction will be successful you can be wrong. A realistic trader knows that any result is possible and is ready for it, while accepting at the same time what the market will bring to him. 7. Manage your risk and avoid overtrading A trader should get into the habit of analyzing all types of risks. You should zvoid overtrading, which is often the case for newbies traders , who don't have a plan. With such an approach, the attempt to stick to effective money management in trading often ends in failure. 8. Set the position size and take profit level It is a key element of money management in trading. Before trading, a trader must determine: 🪄Position size 🪄Stop loss size 🪄Take profit level 9. Cut losses quickly and let profits grow According to this money management advice, you should close those trades that lead to losses according to your trading system on time and get the most out of winning trades. Enjoy your trading journey! I try to be useful to You🧡 Always sincerely with You😊 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
29
Get on the board next GBP/NZD station is "Falling":(Part 4).Market is moving bearish 4H/1H.(Daily too) 1:Bearish structure:(Short order).Market making LL/LH. 2:Market might retest levels of 1.88229 or 1.88880, then back to 1.85912. 3:Market below the 200 MA. 4:Market will likely retest golden fibs levels. 5:Look for bearish structure on lower time frames for your entry, or what ever is your entry criteria. 6:Do look out for Fundamentals of both GBP and NZD. 7:Volume indicator showing power to the bearish side and weakness to the pullback, also showing strong sign of Short opportunity. 8:Risk 0.5% of your total account for long term survival. Note:This is not a signal, the purpose of this analysis is for education purpose only,Trade at your own risk. IF you guys have any questions do comment.
Short
by Ali_Talpur
Get on the board next GBP/CAD station is "Crash":(Part 3).Market is moving bearish 4H/1H. 1:Bearish structure:(Short order).Market making LL/LH. 2:Market might retest levels of 1.69877 or 1.70372, then back to 1.68253. 3:Market below the 200 MA. 4:Market will likely retest golden fibs levels. 5:Look for bearish structure on lower time frames for your entry, or what ever is your entry criteria. 6:Do look out for Fundamentals of both GBP and CAD. 7:Volume indicator showing power to the bearish side and weakness to the pullback, also showing strong sign of Short opportunity. 8:Risk 0.5% of your total account for long term survival. Note:This is not a signal, the purpose of this analysis is for education purpose only,Trade at your own risk. If you have any questions do ask in the comments.
Short
by Ali_Talpur
Get on the board next GBP/USD station is "South":(Part 2).Market Were Ranging for a while but now have broken structure on 4H/1H. 1:Bearish structure:(Short order).Market making LL/LH. 2:Market might retest levels of 1.33157 or 1.33350, then back to 1.31860. 3:Market resting the 200 MA. 4:Market will likely retest golden fibs levels. 5:Look for brearish strucutre on lower time frames for your entry, or what ever is your entry criteria. 6:Do look out for Fundamentals of both GBP and USD. 7:Volume indicator showing power to the bearish side and weakness to the pullback, also shoiwng strong sign of Short opportunity. 8:Risk 0.5% of your total account for long term survival. Note:This is not a trading signal, the purpose of this analysis is for education only, trade at your own risk. Do comment if you have any questions.
Short
by Ali_Talpur
3
✔️ How To Convert 500 $ To 1000 $ In 1 Month With 0 Risk ✔️✔️ How To Convert 500 $ To 1000 $ In 1 Month With 0 Risk ✔️ 🏦 Account Size : 500$ 🏦 📱 Favorite Pairs To Work On : XAUUSD - EURUSD - GBPUSD - NZDUSD 📱 Lot Size For First Week : 0.05 & Profit Need For First Week : 10% 100 Pips With 0.05 -- 20 Pips Per Day 📍 Lot Size For Second Week : 0.07 : Profit Need For Second Week : 20% 160 Pips With 0.07 -- 32 Pips Per Day 📍 Lot Size For Third Week : 0.10 : Profit Need For Third Week : 40% 265 Pips With 0.10 -- 55 Pips Per Day 📍 Lot Size For Final Week : 0.10 : Profit Need For Final Week : 10% 95 Pips With 0.10 -- 20 Pips Per Day 📍 📍At End Of The Month Account Balance : 1016 $ 📍
OANDA:XAUUSDEducation
by Fx_Vanguard
2
A simple explanation of money management!Hi every one Kindly like the ideas if it is helping you and leave a comment Money management is the most significant part of any trading system. Most of traders don't understand how important it is. It's very important for you to understand the concept of money management and trading decisions. Money management represents the amount of money you are going to invest on one trade and the risk your going to accept for this trade. There are many, many different money management strategies. Preserving your balance from high risk exposure is the main objective. You must understand what the following term means. Core Equity Core equity = Starting balance - Amount in open positions. If you have a balance of $20,000 and you enter a trade with $2,000 then your core equity is $18,000. If you enter another $2,000 trade, your core equity will be $16,000. When you trade without sound money management rules, you are in fact gambling with your investment. You are not looking at the long term possible on your investment. Rather you are only looking for that quick high return. Sound money management rules will not only protect your investment, but they will make you very profitable in your investing future. Like attempting to lose weight and working out, money management is something that most traders say they practice Money Management but few truly practice. Money management is unpleasant because it forces traders to constantly monitor their positions and to take necessary losses. It is difficult for most people to do that constantly. This method assumes that you are aware of: 1. The stop loss size of the trade 2. The percentage risk (of your unleveraged cash float), that you want to risk per trade. The percentage risk method states that there will be a given percentage of your cash that is at risk per trade. Before you know what is at risk in a trade you need two bits of information: the stop loss size for that trade, and the percentage risk that you've chosen in your investment program. Assume that you chose a percentage risk of 2% of your cash float. If your cash float is $10,000, this means that you want to risk 2% of $10,000 per trade, which is $200. So with every trade, the maximum you would be willing to lose would be $200 With this chosen percentage, it would take you 50 losses in a row before you lose your entire float (50 x 2% = 100%). If your system is a good one, then 50 losses in a row would be highly unlikely. On the other hand, if the risk chosen was 1%, then it would take 100 rather than 50 losing trades in a row to lose the entire float. The number of losing trades required to lose the float decreases as you increase the percentage risk. {Forex} {Crypto} money management is a way of life for the prudent investor. Practice money management and you just might be one of 5 out of 100 that will be in a position to make money from {Forex} {Crypto} Trading. Traders, if you liked this idea or have your opinion on it, write in the comments,We will be glad. Thank you for seeing idea . Have a nice day and Good luck.
Education
by CobraVanguard
27
Bearish batAUDCHF is in a supply area, it is the third time that price reaches this zone, we can clearly see a bearish divergence in on balance volume. These comined factors make me think about a possible drop of the pair, there are three different areas in which we could take profitsaccording to our money management and our trading style: 0.6590 : first support (you can close 25% of your trade or if you trade frequently you can close your position and open another one 15/20 pips higher) 0.6500: 61.8% fibonacci retracemnt of the bat ( you can close 50% of your trade here and set sl at breakeven) 0.6405: last demand area where lies 200-day moving average. Use an appropriate money management.
Short
by Dragon_Investments