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Increase the probability to more than 50%When investors engage in trading, the outcome of prices can either rise or fall, with the probability being 50% (Just like the rise and fall of prices, it is either up or down.) Prices fluctuate up and down, at that moment, traders may rejoice at the profit numbers or be dismayed at the outcome of losses. After a while, the situation may flip into another form. This is the reality that traders face all the time. They might lament internally about not closing a trade for profit, or they might complain about the heavy negative result. This is unpredictable, but we adjust the probabilities if we understand the mechanics of trading. Diving into details briefly: 1. Pair Selection An instrument is a tradable asset, or a negotiable item, such as a security, commodity, derivative, index, or any item that underlies a derivative. 2. Chart Analysis (Technical Trading) Conducting technical analysis by examining price charts, patterns, and indicators to make informed trading decisions. 3. Money Management Implementing effective financial strategies to control risk, determine position sizes, and protect capital while maximizing potential returns. The question about what is most important will receive different answers depending on each person. Additionally, it depends on the situation and the objectives of each individual. To provide a more comprehensive summary, let's break it down: Time: Some people may see the importance of efficiently managing time to achieve desired results in both work and personal life. Investment: Some may emphasize the significance of investing money for maximum benefits, fostering financial growth in the long term. Personal Discipline: Others may find importance in maintaining personal discipline, such as working efficiently, setting goals, and following through with plans. Emotional Management: Some might prioritize the importance of happiness and emotional balance, including taking care of mental health and personal well-being. The most important thing depends on individual perspectives, values, and how these different aspects are integrated for a well-rounded balance. *If there is time, I will come to elaborate further.
PEPPERSTONE:BTCUSD
by theoris
Tutorial - The upper shadow The presence of the upper shadow means that during that period, the stock price had reached a higher price than the closing price, but ultimately failed to maintain that high point and fell below the closing price. Therefore, the upper shadow is often interpreted as selling pressure in stock trading, indicating that investors have sold the stock at a high price during that period, leading to a drop in the stock price. The length of the upper shadow is closely related to the risk level of the stock market. If the upper shadow is long, it indicates a stronger selling pressure, and the stock price may further decline. Conversely, if the upper shadow is short, it indicates a weaker selling pressure, and the stock price may continue to rise. Therefore, investors can judge the risk level of the market by observing the length of the upper shadow, and then develop a more reasonable investment strategy. The upper shadow can also be used to interpret the relationship between two adjacent K-lines. For example, when both adjacent K-lines have long upper shadows, it indicates that the selling pressure in the market is very strong during that period, and investors should remain cautious; conversely, if there is no upper shadow in both adjacent K-lines, it indicates that the risk level of the market is smaller, and investors may consider increasing their investment. # Bottom Line Understand the upper shadow in stock trading! It indicates the selling pressure in the market during that period, leading to a drop in stock price. The length of the upper shadow is closely related to the risk level of the stock market. Investors can judge the risk level of the market by observing the length of the upper shadow and then develop a more reasonable investment strategy. #stockmarket #investingtips #tradingknowledge
by PresentTrading
How to achieve any goal in 2023?First you need to clearly define your goal, for this we use this simple tips Technique that helps you better define and achieve goals. Goals formulated using this technique are usually more realistic and achievable. S - Specific (specific) The goal should be well defined and specific. M - Measurable It should be possible to determine if the goal has been achieved. A - Attainable The goal should be realistic and achievable, despite the possible difficulties. R - Relevant (actual) The goal should be related to your actions and goals. T - Time-bound (limited in time) The goal must have a specific deadline. Goal setting example: - Specifically: Increase the average monthly profit - Not specifically: Earn more – Measurable: Increase monthly profit by 10% - Immeasurable: Increase profits – Achievable: Increase monthly profit by 10% - Unattainable: Increase profits by 300% — Actual: Increase the average monthly profit by 10% from trading - Not relevant: Increase the average monthly profit by 10% (in some other business) - Limited: Increase your average monthly profit by 10% in 3 months. Result: Increase the average monthly profit from trading by 10% in 3 months. Once we have set a goal, now we need to sketch out a rough list of how we can do this. 1. Determine the current level of trading skills through a self-assessment and determine the necessary improvements. 2. Study various trading strategies and choose the one that suits you best. 3. Create a realistic trading plan by defining goals and risks for each trading day. 4. Open a demo account and start trading strictly following the created trading plan. 5. Gradually increase the amount of trading sessions and risks, observing the principles of rational risk management. 6. Open a real trading account after successful completion of trading on a demo account. 7. Continue to trade, strictly following the created trading plan and the principles of rational risk management. 8. Study, read books, take courses, constantly improve your skills 9. Regularly analyze your trades to improve your trading strategy and increase efficiency. Once the list is ready, now you need to break it and your goal into smaller goals and set them every week. For example: Goal for the week, read 1 book, master 1 new strategy, make 10 trades on a demo account. Finally, you need to break each of these goals into daily goals. Set them for a day and just like a robot go to fulfill them without hesitation. For example: Goal for Monday, read 20 pages of a book, watch 1 webinar, make 2 trades on the strategy. And finally, every week you track and adjust your progress as needed. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
BITSTAMP:BTCUSDEducation
by Crypto4light
Trading knowledge: the role of psychology in tradingIf my knowledge is useful to you, please give me 1 like 1 follow. Don't hesitate to tell me your problem it will shorten the distance to your success. NO METHODS 100% WIN We are constantly searching for the holy grail, looking for a perfect method, but in the end, who wonders why the ego is like that? Because of GREED, because the outside race always has a dream of being hegemony in the world, holding the holy grail, fighting somewhere to win, wanting something. There are people who go to the end of the world and are still engrossed in finding methods. But what they need to learn the most is probably to shrink back, and find the core of the trader: that is the psychology of real trading. First of all, to do this, it is essential that we position ourselves. Know yourself and your situation. Indeed, success greatly depends on your circumstances. If you are a debtor, a fundraiser with interest payments on your shoulders, your psychology is different. If you are a trader with the aim of looking for more small profits, the mentality will be different, if you are a trader for fun, not depending too much on the profit and loss on the account, but still maintain a peaceful life, the mentality of war is different. Social classes have different positions, although using the same method will also produce different trading results. Next, It's personality- Personality will determine trading behavior: hasty, patient, greedy people a lot, greedy people little, people with high expectations, people with little hope. Gone are the days of sitting around 5, 7 sharing 1 indicator… it's time we need to learn a new method: FIND YOURSELF- STRATEGY IN TRADE
FX:NAS100
by TonyL0ng