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Trading Psychology

How to learn financial investment from scratch?There are five tips to start learning finance from scratch: Tip 1: Earning money is a prerequisite If you don't have money, you can't invest. Therefore, earning money is the first step to finance. For office workers, salary is the main source of income, and only by continuously improving their professional skills and working hard can they improve their overall quality and get promoted. Tip 2: Bank savings In addition to earning money, we also need to learn how to save money. One way to do this is through bank savings. Bank savings is an important way of finance, and it is also the most common choice for finance beginners. It is recommended to regularly deposit money into the bank and avoid withdrawing it easily, so as to save money. Tip 3: Make an expense plan Finance needs planning, and so does spending. Saving is a common way of slow finance, but it is not a good method in the long run. It is recommended to make an expense plan that matches your income and strictly follow it. Tip 4: Conservative investment For investors with zero experience, it is best not to trust the recommendations of financial product salesmen, but to invest based on their own actual situation. Therefore, it is believed that conservative investment is more suitable for investors with zero experience. Tip 5: Insurance Insurance is also a part of finance. Many people think that insurance is not a necessary investment, but that is not true. There is a saying that anything can happen. Insurance can play its role when it is most needed, and it has the characteristic of small investment with high returns. Therefore, insurance is a long-term investment that greatly enhances personal and family risk resistance. Although we have no experience, it is important to start learning about finance and gain experience. Learning financial knowledge is also a way to gain experience. We believe that you will succeed. FX:EURUSD FX:GBPUSD BIST:XAUUSD1!
Education
by StarVenus-
The U.S. Dollar Index | Everything You Need to Know The U.S. Dollar Index is a measure of the value of the U.S. dollar against six other foreign currencies. Just as a stock index measures the value of a basket of securities relative to one another, the U.S. Dollar Index expresses the value of the dollar in relation to a “basket” of currencies. As the dollar gains strength, the index goes up and vice versa. The strength of the dollar can be considered a temperature read of U.S. economic performance, especially regarding exports. The greater the number of exports, the higher the demand for U.S. dollars to purchase American goods. The index is a geometric weighted average of six foreign currencies. Since the economy of each country (or group of countries) is of different size, each weighting is different. The countries included and their weights are as follows: Euro (EUR): 57.6 percent Japanese Yen (JPY): 13.6 percent British Pound (GBP): 11.9 percent Canadian Dollar (CAD): 9.1 percent Swedish Krona (SEK): 4.2 percent Swiss Franc (CHF): 3.6 percent The index is calculated using the following formula: USDX = 50.14348112 × EURUSD^-0.576 × USDJPY^0.136 × GBPUSD^-0.119 × USDCAD^0.091 × USDSEK^0.042 × USDCHF^0.036 When the U.S. dollar is used as the base currency, as in the example above, the value is positive. When the U.S. dollar is the quoted currency, the value will be negative. We constantly monitor the performance of DXY because very often it gives us great trading opportunities. ✅LIKE AND COMMENT MY IDEAS✅ Please, like this post and subscribe to our tradingview page!👍
OANDA:BTCUSDEducation
by EliteTradingSignals
6
Algorithm vs Human trading | Which one is the best?Introduction Algorithmic trading has been more popular in recent years, leading some investors to speculate that their human counterparts would soon become obsolete.  Algorithmic trading, according to some experts, provides a number of benefits over human trading, such as the capacity to examine data and make judgments more rapidly.  Nonetheless, there are many who believe that human traders still have value since computers cannot replace their expertise and intuition.  In this article, we'll take a look at the pros and cons of algorithmic trading and discuss its use in the financial markets. Gains from Algorithmic Trading Algorithmic trading has the benefit of being quick. Trading choices may be made by algorithms in microseconds, far quicker than by humans.  This enables investors to take advantage of opportunities that may be missed by human traders and respond swiftly to shifts in the market.  Algorithms also have the benefit of being able to trade around the clock, seven days a week, expanding the hours during which markets may be monitored and exploited. Eliminating human emotion from trading choices is another benefit of algorithmic trading.  When human traders let their emotions cloud their judgment, the results may be disastrous.  Trading judgments made by algorithms, on the other hand, are more likely to be consistent and objective since they are based on facts and logic rather than emotion. Last but not least, trading fees might be lowered with the use of algorithmic trading.  Algorithms eliminate the potential for human mistake and save money on transaction fees by trading automatically. Algorithmic Trading's Drawbacks While algorithmic trading has many benefits, it is also possible that it might have negatives.  The potential for mistakes to be made by trading algorithms is a worry. Mistakes made by algorithms might be costly if they aren't recognized right away.  In addition, losses are possible while using trading algorithms since they are pre-set to react in a predetermined way to market movements or occurrences. Lack of human intuition is another issue that has been raised in relation to algorithmic trading.  While algorithms are programmed to process information and execute trades, they may overlook intangibles like political events and fluctuations in public opinion.  Nonetheless, human traders may be able to employ non-data factors, such as intuition and experience, while making trading judgments. And last, algorithmic trading may amplify market volatility.  Algorithms' ability to rapidly respond to market shifts may both benefit traders and contribute to more volatility. How Humans Fit Into Algorithmic Markets Even if there are benefits to using algorithms to trade, human traders are still vital to the market.  A major benefit of human traders is that they may utilize their expertise and instincts while making trading judgments.  Those in the trading industry may account for intangibles like public sentiment and political events while making trades. Human traders have the benefit of being able to quickly adjust to new market conditions.  Algorithms are designed to make trades based on predetermined parameters, but they may not be able to adapt to sudden shifts in the market.  But, human traders may be better able to adjust to these shifts thanks to their expertise and intuition, allowing them to make non-data-driven trading judgments. At long last, human traders may supplement automated risk-control measures.  Although risk management algorithms may be set to minimize losses in theory,  human traders may be able to see threats that the software misses. Conclusion Although there are benefits to using an algorithm for trading, it is not yet eliminating the need for human traders.  Experienced human traders still play a crucial role in the market because machines cannot replicate their wisdom, insight, and responsiveness to sudden shifts.
Education
by Daveatt
2
Limit and Market orders, cognitive & behavioral reviewWe assume a spot market for this article purely on the result of TRADES' interaction with no market making effect from the broker or exchange. You can only profit from buying at a lower price and selling at a higher price. So, there is no short in here. And we assume that you already know the basics of market and limit orders. As you can see the table on the chart for the whole idea, we want to talk a bit deeper. Limit Orders Limit Order is like a Wall, it makes liquidity on the order book to fill the market orders and that is why it is called MAKER. In limit order, the price is more important than the time. Limit order makes the market less volatile. Market Orders Market Order is like a Wrecking Ball, it takes liquidity from the order book and is filled from limit orders and that is why it is called TAKER. In market order, the time is more important than the price. Market order makes the market more volatile. Now for both of these order types we have Buyers and Sellers. Buyers always want to buy at lower price, and sellers always want to sell at higher price, so every limit buy should be lower than the current price and every limit sell should be higher than the current price. If you put a buy limit order higher than the current price or a sell limit order lower than the current price, it will act as a TAKER order not a maker order. If there is a buy market order at the same time with another sell market order, the buy market order is filled with the lowest sell limit order on the order book and the sell market order is filled with the highest buy limit order on the order book. So, in every trade that is executed on the order book, one of the buyers or the sellers should be a market order and the other one should be a limit order. It's either the buyer is maker, and the seller is taker, or the buyer is taker, and the seller is maker. That's how the price moves! Selling market orders push the price to go lower and buying market orders push the price to move higher. Selling limit orders pull the price from going higher and buying limit orders pull the price from going lower. Selling limit orders are more spread above the resistances BUT buying limit orders are more concrete at the support price. Now let's talk about a few facts from Behavioral Finance ! 1- Confirmation Bias : the tendency to interpret new evidence as confirmation of one's existing beliefs or theories (like when the price is inside the ichimoku cloud). So, if I buy at any price, till a long time I will think that it will go higher! and this may be why a lot of people have big losses over time and do not commit to their stop loss. 2- Loss aversion or Prospect Theory : the tendency to prefer avoiding losses to acquiring equivalent gains. losses are twice as powerful, psychologically, as gains (like the urge feeling for revenge trading when you have lost in your last trade). This may be why people use Market orders for exiting from a position instead of Limit orders. A graph of perceived value of gain or loss vs. strict numerical value of gain or loss. 3- Risk aversion : a preference for a sure outcome over a gamble with higher or equal expected value (like when you can enter at a better price but you rather to confirm your analysis sacrificing your potential profit). This may be why people (or maybe it is better to say good traders) use Limit Orders for entering at a position instead of market orders. Now if someone buys at a high price and gets in loss, there is a conflict between Confirmation Bias and Loss aversion. If confirmation bias wins (which is for most of the people with lower experience), you just stay in the loss in the hope of a pivot point to sell at break even and that creates an additional sell pressure on a price point near resistance which was seen before (something like Double TOP pattern). But if Loss aversion wins, you commit to your stop loss and get out faster which creates a selling pressure force in a price point under the main support areas which is the result of triggering domino like stop losses. I try to explain few different concepts together in a structured way. I would be glad to hear your opinion.
Education
by NoaTrader
2
Blue Pill or Red Pill? Choose your side ... and do it wisely.“You take the blue pill, the story ends. You wake up in your bed and believe whatever you want to believe. You take the red pill, you stay in Wonderland, and I show you how deep the rabbit hole goes." - the exact line that Morpheus used when offering Neo a choice between two options. You may wonder how this legendary Matrix reference is related to the trading industry. Believe it or not, even though one of our favourite mottos is “beauty lies within simplicity”, trading can get much deeper and more complex (deep down the rabbit hole) than the traditional textbook method. Firstly, we have the Blue Pill. “Mike Johnson is indicating that we should wait for a crossover of 50 and 200 Exponential Moving Average levels before executing positions”. Yes, we have all been here. The thing is, 99% of the trading courses and most of those YouTube and TikTok gurus make you believe that trading is as easy as buying when a Double Bottom is formed, selling once a Head&Shoulder pattern has been identified and so on. Obviously, if it was that easy, then everyone would have succeeded in this industry, right? “Let me spoil my charts with hundreds of indicators. Surely, if 80% of them are indicating that the market is bearish, then we should definitely go short”. Yes, been there too. Oh, and let’s not forget this one: “I will just buy at support and sell at resistance, and keep it consistent until I am profitable in the long run”. Wait, but if I have learned all that from Mike Johnson, and he claims to be an 8-digit professional trader with an experience of 20 years, why am I not succeeding? If I follow everything he says, then by the same logic, shouldn’t I be profitable just like him? And that is exactly why we have the Red Pill. The pill that frees us from the enslaving control of the machine and guru-generated dream world. The dream world is the world where trading is super simple and is as described in the textbooks. However, going down the rabbit hole, one can realise that things are more detailed and structured than they might seem, and that more factors should be considered in analysing, executing, and monitoring setups. While a blue-pilled trader is considering an execution upon a formation of a Double Bottom, a red-pilled participant of the market is waiting for a quick spike below that pattern formation and liquidity grab before pressing the "BUY" button and riding the price to the upside. Analogically, alongside with plain support and resistance levels, a red-pilled trader uses the Fibonacci retracement tool mixed with his/her conscious intuition and years of experience to form-up a bias and enter the markets. And so the list goes on. One thing to indicate: we are not saying that the methods listed under the Blue Pill category are useless and inefficient. As long as it works for you, you can continue following your own plan and strategy without having to give a damn about opinions and ideas of others. We are just trying to emphasise, that a trader with more experience and knowledge in the markets, and with a more detailed and structured approach of the charts will be a step ahead of those that blindly generate ideas by taking a quick look at the charts posted by others (word of mouth), following every single chart pattern suggested by John Doe on his book about the sorcery of trading.

 One last mention, it all boils down to two things: consistency and persistence. No wonder that as long as you keep working on becoming a better version of yourself on and off the markets, your skills will develop further and help you with what we call "opening the 3rd eye". With time, you will make more rational decisions, you will have a clearer sight of the market, you will be more powerful psychologically. Until then, keep grinding till 3AM, keep making mistakes, stay hungry and curious. And remember one thing, only the strongest survive. With all that being said, we would love to see a nice poll in the comment section below. Which pill are you taking: the Blue Pill or the Red Pill? Feel free to comment below and let us know your thoughts and opinions. Have a great weekend ahead. Investroy.
BITSTAMP:BTCUSDEducation
by Investroy
6
Why are only 10% of traders successful?Why are only 10% of traders successful? The popularity of exchange trading is growing rapidly today, but experience shows that only 10% of those who come to trade end up making a profit. Barrier N°1 Laziness and unwillingness to learn. Frankly, most people who want to profit from stock trading do not want to learn this. They feel sorry for the time to master the base, to practice. Having earned a couple of times on a demo account, they immediately go to trade for real money. And for this category of traders, failures are predetermined by their own attitude to the trading process. Barrier N°2 Greed and haste. "Exchange trading will make me a millionaire in just a week" - completely wrong expectations. Instead of trades with a profitability of 3-5% and a success rate of 70%, many traders are interested in trades with a profitability of 70% and a success rate of 3-5%. There is nothing surprising in the fact that such transactions do not end well. At the same time, +10% per month will increase capital very quickly if you trade systematically and do not chase fast super-profits, which always turn into losses. Barrier N°3 Mismanagement of finances. Even in the absence of a large risk of each particular trade, there is a danger of losing the profits of many previous trades by making one trade for too much. Equal lots that do not exceed 1% of the deposit are a guarantee of security. Barrier N°4 Too complicated strategy. A simple and transparent strategy is better than a complex one. It is worth striving for a yield of 60-70%, this is quite enough to consistently make a profit. The search for a "super strategy" with a 90% return is usually unsuccessful, and overly complex systems do not work very well. Barrier N°5 Wrongly organized trade. "Professional burnout" and the failures associated with it often haunt those traders who give a lot of time to work. It is advised to trade no more than 5 hours a day and conclude no more than 1-2 transactions. This will save energy and a positive attitude. Trading without drawdowns and with a stable income - exactly what you should strive for. 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
28
Is learning technical indicators really useful? First of all, I'll give you an answer to this question. Learning technical indicators is helpful for analyzing market trends to some extent, but you can't rely solely on technical indicators to place trades. If a certain indicator truly had this ability, it would disrupt the market balance and create a large number of wealthy people. Let's talk about why we can't rely solely on technical indicators for trading. There are many technical indicators that we are familiar with, such as KDJ, moving averages, and MACD, which are the most basic ones. So I ask you, if one indicator shows a bullish signal, but another shows a bearish signal, what should you do when there is a conflict? In another scenario, if the same indicator shows a bullish signal on a daily chart but a clear bearish signal on a weekly chart, how should you proceed? Therefore, I say that it's not about learning as many technical indicators as possible, but about learning how to use them. You don't have to use them, but you can't not know how to use them because they do provide some help for analyzing market trends. For example, when multiple indicators simultaneously show signals in the same direction and the direction on various cycle charts is consistent, your order accuracy will definitely be higher. However, for short-term traders, I suggest learning from simple indicators that are easier to understand market trends. For example, learn to observe the short-term support and resistance positions of a particular product. The market mostly oscillates, so buying low at resistance and buying high at support is the key. When the market is in a horizontal pattern, be more patient and don't rush to enter the market. Remember, good opportunities are always worth waiting for. Being proficient in one or two analytical techniques during the early stages of trading is enough to survive in this market. Learning more will actually make you more contradictory. Of course, if you currently can't accurately judge support and resistance, you can read my daily analysis articles on market trends more often, which may be helpful to you. Feel free to leave me a message if you have any questions. In the future, I will also update the market trends of various products in a timely manner and share some articles on trading techniques with you. Your likes and follows are my motivation for continuous updates. Thank you, everyone.
OANDA:XAUUSDEducation
by FlashTrades_
Three Taboos in Trading 1. Heavy Positions Lead to Defeat Regardless of whether it is a long-term or short-term trade, the choice of position size may be more important than the direction chosen. Even if the short-term direction is chosen incorrectly, it is still possible to profit through position adjustments. However, if there is a habit of heavy positions in every trade, the space for operation becomes very small. In ten trades, you can win against the market ten times, but if the market wins against you once, you lose everything. 2. Frequent Trading For novice investors, when they first enter the market, they may be eager to try and want to enter the market immediately after making a profit. Frequent trading not only increases transaction costs but also reduces the accuracy of trades. It is difficult to achieve high returns in the long run, especially for short-term traders. If you don't have full confidence, don't open a position easily. Once your daily profit reaches your expectations, you can turn off your computer and enjoy life. Even if you incur losses that day, do not rush to place another trade. When you incur losses, your brain is not rational, and the possibility of losing on the next trade is greater. It is recommended to calmly analyze the market and wait patiently for opportunities to enter. You have to believe that there will be opportunities in the market every day, but if you lose all your capital, there will be no chance to start over. 3. Cannot Accept Stop Losses For me, stop loss is an art. True masters often face their own mistakes and exit with a stop loss when the market clearly deviates. Sometimes, a small loss can also be considered a gain. People who refuse to admit their mistakes and want to exit every trade with a profit are often at odds with the market and are unlikely to have good results. I have shared some personal experiences accumulated in the market. I hope my friends can avoid detours. I will also update some trading strategies every day for reference. I hope everyone can have ideal returns in this market. Your likes and follows are my motivation to continue updating.
OANDA:XAUUSDEducation
by FlashTrades_
How to Become a Top Trader ?(1) Hello everyone, I will publish an article on how to become a top trader on the platform recently, and it will be updated continuously. This is the first article. The first thing I need to teach you is how to establish a correct investment psychology. It is easy for novice investors to fall into a misunderstanding, especially wanting to make a profit in this market quickly, but in fact, trading is a very long process. Only through your continuous learning and a deeper understanding of the market, your wealth will increase , instead of treating trading as a gamble, and only relying on luck to make short-term profits, but as time goes by, due to lack of knowledge of the market, it will eventually lead to continuous losses. Why do I talk about investment psychology in the first article, because I think that if the mentality of entering the market at the beginning is wrong, it will be difficult to have a good result, so I hope that after reading this article, you can have A correct investment psychology is to put our investment route on a longer-term basis, instead of hoping that a wave of market prices will make you rich overnight. You must know that Bitcoin has been an extremely long process from its release to now. If you agree with my investment philosophy, then I hope you can pay attention to my follow-up articles. In addition to daily market analysis, I will also tell you what good habits you need to have to become a top trader. Any questions, you can comment below the article, thank you for your support and love.
OANDA:XAUUSDEducation
by FlashTrades_
Five things every beginner must know Many people enter because they know that this market can make people rich, but if you don't know these five things, you will only be ruthlessly harvested by the market. First: When all the analysis of the market and retail investors are firm that the market will go in a certain direction, you need to be vigilant, don't follow blindly, always believe that the truth is often in the hands of a few people, follow the "Eighty-Twenty" rule in the market, and keep a calm head. Second: Understand the importance of stop loss. No one can guarantee that every transaction is profitable, so when the direction is wrongly judged, you must stop the loss in time. Sometimes a small loss can be considered a profit. A real master has the courage to face himself If you make a mistake, you can keep your principal to have a chance to come back.. Third: Understand the importance of stop profit, never think about earning the last copper plate in the market, because the market is changing rapidly, only the money earned in your own pocket is real, otherwise it is just a jumping number. Fourth: Don't enter the market against the trend. When the overall market trend is one-sided, you can choose to wait and see if you don't enter the market ahead of time. Don't choose to go against the trend or enter the market forcefully. You know, the market will happen every day, you only need to catch one or two waves, and entering the market at an inappropriate time will only make you passive. Fifth: Don’t treat trading as a gamble, and don’t take heavy positions. I personally recommend keeping the position at one-third to better resist risks. Blindly increasing your position will only make your situation more passive. Each of the above points needs to be experienced slowly. If you can strictly implement them, then congratulations, you are considered an entry-level trader, but if you still want to continue to advance, there is still a long way to go. In addition to analyzing the market, I will also share more trading experience with my friends. If you encounter any problems in the current transaction, you can leave me a message at any time, and I will reply to you. Thank you for your attention and let us make progress together
OANDA:XAUUSDEducation
by FlashTrades_
5 New Algorithmic Trading StrategiesAlgorithmic trading has transformed the financial markets in recent years, enabling traders to make better-informed investment decisions and execute trades more quickly and accurately than ever before. As technology continues to evolve, new algorithmic trading strategies and techniques are emerging that promise to revolutionize the way that financial instruments are traded. In this article, we will discuss five new algorithmic trading strategies and techniques that are gaining popularity among traders. Machine Learning-Based Trading Machine learning is a branch of artificial intelligence that allows algorithms to learn from data and improve their performance over time. Machine learning-based trading is a strategy that uses algorithms to identify patterns in financial data and make predictions about future market movements. These algorithms can learn from both historical data and real-time market information to make trading decisions that are informed by a deep understanding of the underlying trends and patterns in the market. High-Frequency Trading High-frequency trading (HFT) is a strategy that uses algorithms to execute trades at lightning-fast speeds, often in milliseconds or microseconds. This strategy requires sophisticated algorithms and high-speed networks to be effective, and it is typically used by institutional investors and large trading firms. HFT is often associated with controversial practices such as front-running and flash crashes, but it can also be used to improve market liquidity and reduce trading costs for investors. Sentiment Analysis Sentiment analysis is a technique that uses natural language processing algorithms to analyze the tone and sentiment of news articles, social media posts, and other sources of public information. This technique can be used to identify trends and patterns in public sentiment that may affect the price of financial instruments. For example, if a news article about a company is overwhelmingly positive, sentiment analysis algorithms may predict that the stock price of that company will rise in the short term. Multi-Asset Trading Multi-asset trading is a strategy that involves trading multiple financial instruments across different markets and asset classes. This strategy requires algorithms that can analyze a wide range of data sources, including market news, economic indicators, and social media sentiment, to make informed decisions about which assets to trade and when to enter or exit positions. Multi-asset trading is often used by institutional investors and hedge funds to diversify their portfolios and hedge against market risk. Quantum Computing-Based Trading Quantum computing is a cutting-edge technology that promises to revolutionize many fields, including finance. Quantum computing-based trading is a strategy that uses algorithms that run on quantum computers to analyze complex financial data and make trading decisions. Quantum computing algorithms are able to analyze a much larger amount of data than classical computing algorithms, which can enable traders to identify hidden patterns and relationships in financial data that are difficult to detect using traditional techniques. In conclusion, algorithmic trading is an exciting and rapidly evolving field that is transforming the financial markets. The five strategies and techniques discussed in this article represent some of the most promising developments in the field, and they are likely to play a major role in the future of trading. As technology continues to advance, it is important for traders to stay informed about the latest developments in algorithmic trading and adopt new strategies and techniques to stay ahead of the curve.
BITSTAMP:BTCUSDEducation
by JS_TechTrading
Algorithmic Trading / Robo-TradingAlgorithmic Trading: Automating Financial Markets for Greater Efficiency and Profitability Explanation Algorithmic trading, also known as robo trading, is a process of using computer programs to execute trades automatically based on pre-defined rules or algorithms. It has revolutionized the way financial markets operate, making them more efficient, faster, and less prone to errors caused by human emotions. Advantages The advantages of algorithmic trading are numerous. Firstly, it enables traders to analyze vast amounts of data and execute trades with incredible speed and precision, resulting in improved profitability. It eliminates human error and bias, which are significant sources of trading losses. Secondly, algorithmic trading allows for 24/7 trading, regardless of the trader's location or time zone, which makes it possible to take advantage of global market movements. Finally, algorithmic trading also provides a level of transparency and accountability, as trades are executed automatically, and the outcomes are recorded in real-time. History The history of algorithmic trading dates back to the 1970s when the first computerized trading system was developed by the NYSE to automate the execution of large trades. The system was based on the principle of matching buyers and sellers electronically, and it soon became the norm for trading in the US equity markets. However, it was not until the 1990s that algorithmic trading began to gain traction in other financial markets. As computing power increased and access to market data improved, algorithmic trading systems became more sophisticated, enabling traders to execute trades with greater precision and accuracy. With the introduction of low-latency trading platforms in the 2000s, algorithmic trading became even faster and more efficient, allowing traders to take advantage of even the smallest market movements. Today, algorithmic trading is used in almost every financial market, including stocks, bonds, currencies, and commodities. It is estimated that more than 80% of all trades in the US equity markets are executed by algorithms, and the trend is growing in other financial markets worldwide. In conclusion, algorithmic trading has transformed the financial markets by improving their efficiency, speed, and profitability. It is a powerful tool for traders and investors, providing them with the ability to analyze vast amounts of data, execute trades with incredible speed and accuracy, and eliminate the emotional biases that often lead to trading losses. As technology continues to evolve, we can expect algorithmic trading to become even more sophisticated, providing traders with even greater opportunities to profit from the global financial markets.
BITSTAMP:BTCUSDEducation
by JS_TechTrading
The most common mistakes in trading Today, I will share a practical secret that I have learned for many years. Don’t hesitate when trading. If you hesitate, then don’t trade in the short term. Many people also have the habit of making trading plans. For example, I will enter the market at any position today, but when the opportunity really arises, I hesitate to make a decision. After the market ends, I find that I have made a profit, but I did not enter the market, and wait until the opportunity appears again. At that time, I thought to wait a little longer, but it turned out to be profitable again, and I still didn’t enter the market. Finally, I finally made up my mind that the next time I was in this position, I would definitely enter the market. As a result, when he entered the market, what he ushered in was a loss. In fact, in the trading market, good entry opportunities are fleeting and will not come often. If frequent entry opportunities appear, it must be a trap. When you have made a plan, all you need to do is Strictly implement, if you have no confidence when you enter the market, then I suggest that you do not make any transactions in the short term, because your plan has been disrupted, and the market likes to confuse your eyes and challenge your bottom line. It's also a psychological game. I make my trading plan every day and strictly implement it, so friends who follow me can receive my plan as soon as possible, which can be used as a reference, but I will choose to enter the market at the first time, if you hesitate, choose the second The second or third chance to enter the market, the probability of loss will increase a lot, so don’t do this, you can consult me to get the latest plan. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by DailyPlan
18
How to become a master trader? First:Making Plans Before trading every day, make a trading plan, so how to make a good plan? Take XAUUSD for example,If you mainly focus on short-term operations, focus on the key support and key resistance within the day, buy up at the support level, buy down at the resistance level, sell high and buy low, if you cannot accurately determine where the support and resistance are , you can see my daily analysis articles. In addition, when making a plan, you must set the stop profit and stop loss points. The stop profit must be greater than the stop loss. The reason for this is that even if your accuracy rate does not reach 50%, you can still make profits in the long run. Second:Implement After making a trading plan, what you have to do is to strictly implement it. You need to have confidence in your plan and don’t doubt your judgment because of the turmoil in the market. You need to know that the truth is often in the hands of a few people. Third:review Regardless of whether you are making a profit or a loss in today's transaction, you need to review the market. When you make a profit, you need to consider whether the take-profit position set this time is reasonable, and whether the profit can be enlarged next time. Of course, you also need to learn how to stop in moderation. Of course, we can’t avoid the situation where we misjudged the direction. At this time, we need to consider whether we have strictly implemented the stop loss operation. In many cases, small losses are out, and keeping the principal is also a very correct operation. More people They will stop profit, but they can’t accept the loss, which leads to a mistake and loses the whole game. Therefore, it is said that those who can buy are apprentices, and those who can sell are masters. Fourth:Summarize Making a trading plan is a good habit, and it will accompany you throughout your life. Don’t think it’s a good habit just because you’ve made money for several days in a row, and you’ll feel that making a plan is useless because you’ve lost money for a few days in a row. The meaning, a simple summary is to make a good plan, strictly implement it, review it many times, and believe in yourself. I will formulate my trading plan every day, and then share it with you, hoping to make progress together with you. At any time, we are in awe of the market and let ourselves go further through planning. This market will always eliminate some people. Don’t believe it Luck, that kind of thing will run out sooner or later, friends are welcome to discuss with me. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by DailyPlan
18
Psychological state in tradingThe important point is to describe your psychological state in two cases: When you are not in a trade. When you are in a trade. In the first case, the common problem is missed profit. Often, novices take this very painfully and think about the missed opportunity that could have brought them potential profit. However, the market, especially the cryptocurrency market which operates 24/7 without breaks, has many trading ideas and opportunities, so there is no need to fixate on it or torment yourself with it. Therefore, when you are not in a trade, try to describe your psychological state, what you feel at that moment, whether it's the fear of potential loss from missing a trade or something else. In the second case, when you are in a trade, you need to describe your state, what worries you. It could be greed to fixate profit or fear of losses. In both states, you need to fully describe yourself, the trading setups that cause such emotions. To avoid these emotional swings, you should have a clear plan for taking profit and an approximate loss in case of failure before entering a trade. When you do not have such a plan, you will swing back and forth, and the outcome may be negative. Therefore, when you are in a trade, describe your state in detail and document it in a journal related to your psychology, as psychology is 80% of successful trading. All these aspects will help you learn more about yourself and your psychology, which will enable you to build your trading strategy, as psychology accounts for 80% of successful trading. That's why soulless machines, neural networks, and AI are so good at trading compared to humans with their emotional instincts. Because many people want more profit here and now, they are not willing to bear losses, develop, or understand themselves. Due to this incorrect psychological mindset, people often lose money and then blame trading for being a casino. Of course, it's a casino for ludomaniacs who, without a strategy, listen to "experts on Instagram" and are already turning to the 30th leverage for a short. I hope you understand why this aspect is necessary. Nevertheless, in subsequent articles, we will try to describe more about psychology in trading. 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
Full Time Trading VS Full Time Job | Everything You Need to Know Hey traders, In this educational article, we will compare full-time trading and full-time job. And I guess, the essential thing to start with is the money aspect. Full-time job guarantees you a stable month-to-month income with the pre-arranged bonuses. In contrast, trading does not give any guarantees. You never know whether a current trading month will be profitable or not. Of course, the average annual earnings of a full-time trader are substantially higher than of an employee. However, you should realize the fact that some trading periods will be negative, some will be around breakeven and only some will be highly profitable. In addition to a stable salary, a full time job usually offers a paid sick-leave and vacation, while being a full-time trader, no one will compensate you your leaves making the position of an employee much more sustainable. Being an employee, you usually work in an office with the fixed working hours. Taking into consideration that people often spend a quite substantial time to get to work and then to get home, a full-time job usually consumes at least 10 hours, not leaving a free-time. In contrast, full-time traders are very flexible with their schedule. Even though they usually stick to a fixed working plan, they spend around 3-4 hours a day on trading. All the rest is their free time, that they can spend on whatever they want. Moreover, traders are not tied to their working place. They can work from everywhere, the only thing that they need is their computer and internet connection. Traders normally work alone. The main advantage of that is the absence of a subordination. You are your own boss and you follow your own rules. However, such a high level of freedom breeds a high level of personal responsibility. We should admit the fact that not every person can organize himself. In addition to that, working alone implies that you are not building social connections and you don't have colleagues. Being an employee, you are the part of a hierarchy. You usually have some subordinates, but you have a supervisor as well. You are constantly among people, you build relationships, and you are never alone. There is a common bias among people, that full time trading beats full time job in all the aspects. In these article, I was trying to show you that it is not the fact. Both have important advantages and disadvantages. It is very important for you to completely realize them before you decide whether you want to trade full time or have a full time job. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
18
Always factor in the possibility of the market’s developmentHello Traders: First educational video since I went away 8 months ago :) This topic has been brought up many times, and I wanted to prepare this video for those who are still struggling with the concept of possibility in the market. Many inconsistent traders, when taking losses, often look at their strategy as the reason why the losses occurred. They often fail to see that the real problem often lies with emotion, psychology, risk:reward, rather than strategy. A good rule of thumb when approaching the market is to have a clear mind and expect anything can happen, regardless of technical analysis. That means, even if a certain setup is developing, there is still probability that you will take a loss after entering. No strategy can give you 100% win rate. No matter how clean the setup is, or how it mimics the past price action or setups, the market can still not go with what you wish it to go. So, when we are waiting for a setup to happen before taking the trade, try to think on the other side as well. If you are looking for a long setup, also think about whether there is a possibility of a sell, and does sell also make sense. As an example, here on USDJPY, I have seen traders share their bullish view and bias. Certainly nothing wrong to follow through with your own view and forecast, however, I would suggest to also look into the possibility of a sell potential. Does the sell potential also make sense ? What if both bullish and bearish outlook exist ? then does it make sense to execute the trade ?
Education
by jojofang0901
19
When thinking too much stops your trading successIt’s important to do the right amount and kind of thinking when you’re trading: you don’t want to overwhelm yourself with information, you want to get into a flow state when you’re at your trading desk and you want to stay mindful about the kind of thoughts and feelings you’re having. In the legendary sports psychology book The Inner Game of Tennis Timothy Gallwey talks about how he observed his tennis students had two selves: one that is critical, judging, coaching and the other that just did the tennis playing. He found that people played better tennis when the first is paused and the second is allowed to flourish. This could also be described as overthinking versus being in the zone. What is overthinking when you are trading? The more you think, the more problematic the trading can become. It’s important to be thinking enough that we’re following our trading plan, reading the signals properly, evaluating our options, but we don’t want to be thinking beyond that. If we have too many charts open or paralyze ourselves by referring to too many different trading methods, then we can stop our trading from flowing. So what is the flow state You know when you’re doing something that you enjoy or find rewarding, you feel capable of doing, and you get on a roll, focused, compelled to carry on? This is often something with a repetitive nature to it. We are completely focused and time flies and we feel like we are accomplishing something. That’s the flow state. When we’re in it we get absorbed in doing the activity and the self-critical or self-coaching self is quiet. We’re not judging how well we’re doing, or being indecisive about how to do it, we’re just doing. How does it apply to trading? Once you have got to unconscious competence with your trading - you have practiced and internalized the process - you can enter into this automatic way of doing. This doesn’t mean being mindless: you will still be analyzing what you see on the chart, employing discipline and patience (so therefore using some reasoning). But not doing any unnecessary questioning or thinking. How to get in a flow state This isn`t going to happen until you are familiar and confident with the process and trust yourself to follow the rules and procedures for your level of trading at the moment. Then: You need goals that are a challenge but are achievable You need to be in a headspace where you aren’t worried by distractions Don`t multi-task: uni-tasking is essential Be in a stress-free state Make sure the physical space in which you trade is conducive to being focused Make the right things be automatic Our minds have an invaluable ability to process many things - as well as run the many functions of the body - automatically. But this can also be problematic as it facilitates many of our unhelpful habits, whether physical, emotional or cognitive. The brain also tunes out things it has learnt aren’t important, whether rightly or wrongly. So a key step is to become aware of what is automatic or invisible for you, employing some mindfulness or non-judgemental awareness: What kinds of thoughts are you thinking when you think about trading, when you sit down to trade, when you execute a trade, at the end of your trading session – are they helpful? Do you get so into the flow state that you overdo it, for instance, forgetting to eat, drink and putting off trips to the bathroom or sleep? Have you been ignoring any physical discomfort at your trading station, for instance, is your chair uncomfortable or are you holding your neck in an unnatural way to see your screen(s) Mindfulness is both a formal and an informal practice and there are many ways to engage with it. The main thing to remember is that it is a skill to practice, it is simple but might not be easy, and the goal is not to clear your mind, but just to develop an ability to observe the mind and body in a very present way. It helps us become aware of our habitual actions and ways of thinking as well as physical sensations: the first step to changing them. How to change So once you’ve developed an awareness of any unhelpful thought patterns, how do you change them? Here are some examples: For a week or two, note your thoughts and feelings alongside your traditional journal or log. How relevant, helpful or logically sound are they? Thoughts and feelings are not facts. Research cognitive distortions and see which ones you are entertaining. Use thought-stopping techniques. Practice relaxation skills whether through mental exercises or physical treatments like massage or reflexology. Make sure your biochemistry is helping you here: get a professional practitioner to help you optimize your diet and any supplements to reduce the stress response and negativity biases. Summary The mind is a malleable thing as are your habits, providing you believe and expect you can change. So in the same way that you track and fine-tune your trading performance for optimal profits, make sure you do the same with your trading mindset.
NASDAQ:AAPLEducation
by Trade-to-Win_from_Tradeguider
What is Gap in Trading | Ultimate Guide Gaps are important parts of the financial market, especially in stocks and currencies. They happen when an asset opens at a significantly lower or higher price than where it closed at. Gap is a situation where a currency or any other asset opens sharply lower or higher than where it closed the previous day. Such a gap happens when there is a major event or news when the markets are closed. It usually represents an area where there is no trading taking place. There are three main scenarios that happen after a gap in the market forms. First, an asset price can continue moving in the direction of the gap. For example, when a bullish gap forms, an asset’s price can continue with that trend. Second, a gap can be filled within a few days or months. Finally, a gap can be followed by a long period of consolidation as traders focus on the next major moves. In all these, it is always good to focus on the asset’s volume. The most common strategy of gap trading is when you decide to enter a trade in the opposite direction of the gap. In this case, you will be betting that the asset will reverse after forming a gap. Ideally, one way of doing this is to check the trends of volume after the gap happens. Still, the risk of doing this is that the asset will either consolidate or resume the gap trend. ✅LIKE AND COMMENT MY IDEAS✅ Please, like this post and subscribe to our tradingview page!👍
OANDA:BTCUSDEducation
by EliteTradingSignals
1
🧊The Iceberg Illusion In TradingThe iceberg illusion in trading refers to the perception gap between what people think trading is and what it actually means. Many people see trading as a simple way to make quick profits and accumulate wealth, with the idea that all one has to do is buy low and sell high. However, the reality is far more complex. Under the surface of what appears to be a straightforward process lies a world of risk, stress, and uncertainty. Trading is not just about making money, it requires discipline, patience, and a deep understanding of the markets. Those who don't understand the true nature of trading may face financial loss, depression and failure, much like the hidden dangers beneath the surface of an iceberg. Success in trading often requires much more than just a basic understanding of market trends and patterns, and those who dive in without being fully prepared may face dire consequences. 🔷 Above the Iceberg Above the iceberg, people often see the glamorous and attractive side of trading, characterized by success, wealth, and financial independence. They imagine traders as confident and knowledgeable individuals, making smart decisions and reaping the rewards of their investments. The image of traders making large profits in a short amount of time is one that is often perpetuated by media and popular culture. People often see the stock market as a fast-paced, exciting place where opportunities for financial gain are abundant, and the idea of being able to control one's financial future through trading is alluring. This perception of trading often creates a rosy and idealized image of what it entails, leading many to believe that success in the markets is easy to achieve. 🔶 Bellow the Iceberg Below the iceberg, lies the reality of the challenges and difficulties that traders face on a daily basis. There are many hidden risks and uncertainties that are not immediately apparent to those who are new to the world of trading. Some of the things that people don't know that lie beneath the surface of the iceberg include: 🔸 Market volatility: The stock market is a highly volatile environment, and prices can fluctuate rapidly and unpredictably. This can make it difficult for traders to manage their positions and minimize their losses. 🔸 Emotional stress: Trading can be a highly emotional experience, and the pressure to make the right decisions can be immense. Many traders struggle with anxiety, fear, and depression, particularly when faced with losing trades. 🔸 Lack of understanding: The stock market is complex, and it can be difficult for traders to understand all of the factors that influence market trends and prices. This can lead to costly mistakes and an increased risk of financial loss. 🔸 Competition: The stock market is a highly competitive environment, and traders must be able to keep up with fast-moving markets and make quick decisions based on complex data and information. 🔸 Long-term success: Many traders are focused on short-term profits and may not consider the long-term impact of their trading decisions. Achieving lasting success in the markets requires a well-thought-out strategy and a strong understanding of the markets and the risks involved. 🔸 Timing: Successful trading often requires precise timing, as markets can change rapidly and prices can fluctuate. Traders must have a deep understanding of market trends and be able to make quick decisions to take advantage of opportunities. 🔸 Risk management: Trading involves risk, and traders must be able to manage their positions and minimize their losses. This requires a well-planned and executed risk management strategy, including setting stop-losses and taking profits at appropriate levels. 🔸 Knowledge and experience: Trading is not just about buying low and selling high. It requires a deep understanding of market trends, economics, and financial analysis, as well as years of experience to develop a successful trading strategy. 🔸 Discipline: Trading requires discipline and patience, as well as the ability to stick to a well-thought-out strategy. Many traders make impulsive decisions based on emotions or market rumors, which can lead to financial losses. Welcome to the hardest game in the world. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
11
Don't Blow Your Account | Learn How to Avoid Margin Call Hey traders, In this educational article, I will share with you 5 simple tips that will help you not to blow your trading. 1️⃣Always Use Stop Loss. Let's start with the obvious - with the stop loss order. Never ever trade without that. Before you open your trade, plan in advance its placement, stick to it once the position becomes active and never remove it. 2️⃣ Manage Your Position Sizes I know that most of you are trading with a fixed lot. That is a bad habit. You should measure the lot size for each trading position you take. You should define in advance the risk percentage you are willing to lose per trade and calculate the lot sizes for your trades accordingly, then. 3️⃣Avoid Taking Too Many Positions Remember that in trading, quantity does not imply quality. The more trades you take, the harder it is to manage each position individually. I would suggest opening maximum 5 trades per day and holding no more than 8 trades simultaneously. 4️⃣ Avoid Trading Too Many Markets The wider is your watch list, the harder it is to focus on each individual element inside. Do not try to control as many markets as possible, instead, narrow your watch list and concentrate your attention on your favourite trading instruments. 5️⃣Remember About Volatility The more volatile is the market that you trade, the harder it is to trade it and the bigger stop losses you need to keep your positions safe. Remember, that the volatility is the double-edged sword. It can bring substantial profits, but it can also blow your entire account in a blink of an eye. Following these 5 simple rules, you will make your trading much safer. Study them and add them in your trading plan. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
11
Traders balance between intellect and emotionsHow can traders create a balance between intellect and emotion? In trading, rationality and passion are two sides of the same coin. Rationality helps us make educated and reasonable trading decisions, but unbridled emotions may be harmful. How do traders strike a balance between these two factors? - Understand your emotions and their influence on your trading is the first step. For instance, if you experience panic when you lose, you may terminate the deal early than necessary. If you are excited about winning, you may hang onto a position longer than required. Understanding your emotions and their influence on your trade can enable you to exert greater control over them. - Create a trading strategy based on facts and data, not on your emotions. This will assist you in making more educated trading selections and avoiding emotional mistakes. Create a risk management compliance system that will assist you in minimizing losses and maximizing profits. - Practice yoga and meditation to enhance your emotional control. This can help you become calmer and more concentrated, which will allow you to make better trading judgments. - In conclusion, the equilibrium between intellect and emotion in trading is crucial for success. By understanding your emotions, adopting a sensible trading plan, and practicing strategies for emotion regulation, you may reach incredible harmony and balance, as well as make better educated trading judgments. Throughout the trading process, you must practice and continually evaluate your psychological condition. 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