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🫀THREE BODY PARTS INVOLVED IN TRADING🧠 📊Trading is an art and science all at once, requiring various skill sets and tools to be successful. While a keen eye for market trends, quick decision-making abilities and financial literacy are essential in trading, it's the three body parts that are often overlooked but play a significant role in the process- the brain, the heart and the gut. 🧠The Brain: It's the most crucial and obvious part of the trading process. Your brain's decision-making activities impact every trade you make. You need to be analytical and rational, looking at data to make informed decisions on how to invest. Using a combination of market analysis, statistical models, and technical and fundamental analysis, traders rely on their brain to identify market patterns, assess news, and devise strategies to stay ahead of the curve. However, trading purely on analytical data can lead to overthinking and paralysis analysis. You need to balance your analytical side with your emotional responses, which brings us to the next body part- the heart. 🫀The Heart: When we talk about a trader's heart, we’re not talking about love or emotions but rather the emotional response to investing. The emotional fortitude required for trading should not be underestimated, and emotional intelligence is just as valuable a trait for a trader as anything else. Emotional intelligence refers to the ability to manage and regulate emotions under high stress, and traders need to possess it to manage the highs and lows of the trading world. It's natural for a trader to panic or feel anxiety, especially during a volatile market. However, allowing your emotions to get the best can lead to poor decisions, such as selling too quickly or holding on too long. Hence, traders must control their responses by remaining calm and keeping their perceived ideas about market changes. The investor's mindset plays a vital role in trading to keep emotions under control, remain focused and stick to a well-considered investment plan. 🎲The Gut: The last body part is the least discussed but an essential body part for many traders - the gut. Many traders often say they've developed a gut feeling, which helps them make decisions about trading. However, the gut feeling is not mere speculation, it tends to be based on the knowledge and experience that a trader has accumulated over time. It's a combination of intuition and years of experience, which guide a trader toward quick decisions when the rational mind is stuck. The gut feeling is the culmination of various inputs like market trends, trading experience, technical analysis, and trustworthy sources which the brain stores in the memory banks. No matter how advanced technology trading becomes, the human touch of trusting on the gut feeling remains an essential element in trading. 📝In conclusion, trading is dependent on the interaction between the brain, heart, and gut. As a trader, you need to keep a balance between the three body parts to succeed in the dynamic and fast-paced trading world. You must develop a trading strategy relying on data, experience, emotional intelligence and core beliefs so that you can make trading decisions that are right for you. I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Dear followers, let me know, what topic interests you for new educational posts?
BITSTAMP:BTCUSDEducation
by SignalProvider
6
LOT SIZE, PIPS AND LEVERAGE WHAT IS LEVERAGE Leverage is a tool that increases the purchasing power of the trader’s deposit. The mechanism is funded by the broker, or rather the liquidity provider working with the broker. The leverage mechanism is very simple. The higher the leverage is, the more funds we can invest in trading. Simply put, leverage is kind of a bank loan. But it is much cheaper, and the borrowers usually risk only their own funds on the account. WHAT IS A PIP A pip (percentage in point) is the minimum unit of measurement to express the change in value between two currencies in the Forex market. In currency pairs, 1 pip is often one hundred-thousandth, that is, the fifth decimal place in a currency quote (0.00001). For the derivatives, one pip is usually one hundredth (0.01). Simply put, a pip is the last decimal place in a quote. The pip cost is directly affected by the lot size. LOT SIZE IS The lot size is the number of currency units expressed in the quote currency that compose one whole contract. The quote currency is the currency that used to value the asset price. In the EUR/USD currency pair, the base currency is the EUR. Common lot types are: Standard,Mini-lot (0,1 of a standard one), Micro-lot (0,01 of a standard one), Nano-lot (0,001 of a standard one). LOT AND LEVERAGE RELATION The relation between these two concepts is that both these figures affect the total trade cost. The difference is that this influence is made in opposite directions. The larger is the lot size, the larger is the transaction volume, and, consequently, its value (I mean the security deposit you must have to open the position). However, the higher is the leverage, the less money is required for the trade margin and therefore, the less is the trade cost. CONCLUSION Forex lot size and leverage are the basic concepts for every forex trader. It is of key importance to understand them. Experiment with the calculator and the table to understand how the lot size and leverage affect your position size in particular and your trading in general. This practice will help you develop your own strategy and determine the “best” leverage for your trading goals. Dear followers, let me know, what topic interests you for new educational posts?
BITSTAMP:BTCUSDEducation
by SignalProvider
11
💵THE WORLD IN DEBT💵 ☑️The fact that the whole world is in massive Debt that can not be repaid is a buzzphrase that was around for like 20 years already. 20 years passed and nothing bad has happened, so what to worry about? In fact an entire political and economic movement called MMT or a modern monetary theory emerged claiming that government debt does not matter and that we can, you guessed it, print as much as we need(kinda) ☑️But the size of the debt itself was never really and issue so long as the government or a big company could service the debts. That is if their cashflow was positive enough to cover the interest payments on the debt. Now however, as the FED is raising rates, this is an issue. ☑️And its not the USA who’s pile of debt we need to be worried about(they are borrowing in the currency they can print themselves, remember?) but rather the rest of the world and the companies. The majority of developing countries don’t have the internal capital required for development, so they need to borrow on the international financial markets in Dollars. And these counties are now facing a perfect storm of a higher cost of new borrowings in Dollars, lower revenues from foreign trade due to recession(and yes we are in a recession, Wake up) and the massive energy and food costs due to the war in Ukraine and the problems caused by the supply chain crisis. ☑️Most big public companies aren’t doing great either. The share of listed companies with the debt servicing costs higher than the profits is now more than 25% and if we exclude the accounting and financial engineering shenanigans, it is save to say that this share is close to 30%. ☑️So the third of the economy is outright insolvent. Multiple countries will either default soon or will at least be plunge into civil and economic unrest and go the way of Sri-Lanka, Pakistan and others… And Jerome Powell said that he aint stopping and that the Fed funds rate should go up by at least 2 percentage points more. So instead of the collapse of the USA, we are likely to see a chain reaction debt crisis In the rest of the world unless the FED changes its mind… I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Dear followers, let me know, what topic interests you for new educational posts? explanation
INDEX:BTCUSDEducation
by SignalProvider
4
❗️USE STOP LOSS AND BECOME A BETTER TRADER❗️ 🟩STOP LOSS IS:A stop-loss order is an order that automatically closes a losing position once the price hits the pre-specified level. We usually calculate SL in pips, but there can be many ways to set it. It can be time based, percentage based or volatility based. For some investors SL is some piece of critical news, which alters their perception of the value of the asset. Regular stop losses can be many and varied too, for example trailing stop. Also, we sometimes move SL to entry after the half close to protect the gains and make our position risk free.However, all situations I listed above have one thing in common and it is the fact that the SL was used! 🟥Honestly, I am amused by the massive number of people who send me screenshots of their MT4 with several open trades on the same pair all of them without SL and with 90% of account lost. And they ask me what should they do? A great illustration of what is would take to recover from such a loss, is on the drawing above. With the 90% loss, you have only one tenth of the original account left. That means you need to make ten times more money than you have left just to recover your losses. 999% gain needs to be made just to have your old account back. It took you a day to blow it, and might take months to recover the losses. This is the brutality of the trading. The market is unforgiving and will punish you if you treat is without respect. If you are careless or if you make mistakes. The market always comes back to collect, waiting for the moment you drop your guard and relax for a second. Please always use Stop Loss, because, as it happens, it stops you from losing too much! I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Dear followers, let me know, what topic interests you for new educational posts?
BITSTAMP:BTCUSDEducation
by SignalProvider
7
❗️5 CRUCIAL TRADING CONCEPTS❗️ ✅Forex trading can be an exciting and lucrative way to make money. However, it can be very challenging, even for seasoned traders. To be successful, it's essential to understand some essential concepts that can help you navigate the market and make more informed decisions. ✅One crucial concept to keep in mind is the impact of position sizing on trading success. Position sizing refers to the number of units you buy or sell when entering a trade. A lot of traders overlook the importance of proper position sizing, which can lead to significant losses. To increase the chances of success, traders should aim to limit their risk per trade to less than 2% of their account balance. ✅Another idea that can help traders is to focus on the outcome of their trades rather than their hit rate. Many traders believe that having a high hit rate is critical to success; this is not true. While accuracy is essential, profitability ultimately depends on the amount of money you make versus what you lose on each trade. Therefore, it's more crucial to focus on a trading strategy that controls losses and maximizes profits. ✅The third concept that successful traders implement is simplicity. Simple and robust systems tend to perform better than complex strategies. Overcomplicating a trading plan can lead to confusion and can even trigger emotional responses that may drive you to make impulsive decisions during trading. ✅This brings us to the fourth critical concept, which is psychology. Trading is 80% psychology, and the remaining 20% is skills and knowledge. A trader with the right mindset is much more likely to succeed than one who lacks the discipline to adhere to a trading plan. ✅Finally, traders who focus on learning one pattern or strategy tend to be more profitable than those who search for fancy strategies or systems. As the trading market constantly evolves, traders must always stay on their toes and keep learning. However, instead of trying to master everything, it is helpful to focus on a single pattern or strategy until it becomes your specialty. ✅In conclusion, Forex trading is a complex practice that requires patience, discipline, and the ability to adapt. With these five principles in mind, traders can become more successful, minimize risk, and increase their profits. By keeping things simple, controlling emotions, and making smart decisions about position sizing, traders can maximize their potential and achieve their financial goals. I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
10
🌸HOW YOUR BELIEFS SHAPE YOUR TRADING🌸 🌺Trading is not just about making money. it's also about understanding yourself and your beliefs. Your beliefs can shape the way you approach trading and ultimately impact your success. It's important to identify what we believe and how these thoughts influence our decision-making. 🌼The role of beliefs in trading is often underappreciated. A trader's beliefs can influence their perception of risk, their ability to handle losses, and their willingness to accept new information. Beliefs can also impact their emotional state and motivation, affecting their overall approach to trading. 💐Beliefs can be positive or negative, and they all play a crucial role in shaping our trading behavior. For instance, it is commonly believed that trading requires an intuitive sense, and that success comes from the "gut feeling." While this intuition is essential, it's also vital to think logically and systematically. As a trader, you should evaluate your methods and actions based on logic and data. 🌻Another belief that may impact trading is the 'fear of loss.' This belief comes from a reaction to the thought of losing our hard-earned money. Traders who may be influenced by this belief may avoid loss by being too cautious and missing promising opportunities in trading. Additionally, they may move too quickly and sell out too soon, taking small losses instead of giving trades a chance to earn enough to cover their expenses. 🍀Moreover, some traders believe they can't make money consistently. However, such a belief is likely to result in a failure mindset and a lack of effort to learn and develop skills. Failing to learn about risk management and technical analysis may lead to bigger losses, which will, in turn, affirm the belief that consistent profits are impossible. 🌸To turn negative beliefs around and transform them to suit favorable outcomes, a trader may need to replace negative thoughts with positive ones. Additionally, it may help to find influences that align with your trading goals, whether that's finding a mentor or joining a relevant trading community. Working with like-minded people helps keep your focus on your goals and learn from others' experiences and mistakes. It can boost your confidence and reinforce the belief that consistent profits are attainable, which can impact positively in your trading. 🌵In conclusion, a trader's beliefs heavily impact their trading. It's essential to examine and understand the positive and negative beliefs that influence one's trading behavior. By identifying negative beliefs, traders can have better control of their emotional state and approach to trading. Replacing erroneous beliefs with positive behaviors and working with like-minded traders can provide a path to a positive and successful trading journey. 🌺Hope u like my article. Please let me know what you think💋 Love, Anabel❤️ Please, support my work with like and comment! Love you, my dear followers!👩‍💻🌸
Education
by AnabelSignals
5
🌀MOVING AVERAGE AND ITS TYPES🌀 ❓Have you ever wondered what moving averages are and how they can benefit your financial decision-making? A moving average is a technical analysis tool that helps you visualize the trend of a particular stock, index or commodity over a specific period. It is calculated by adding together the closing prices of an asset for a certain number of periods and dividing them by that same number. ❗️Moving averages are used by traders and investors to identify trends and potential buying or selling opportunities in the market. There are various types of moving averages that one can use for their analysis. 🧿Simple Moving Average (SMA) The simple moving average is the most common type of moving average, and it is calculated by adding together the closing prices of a particular asset over a specific period and dividing that sum by the number of periods. For example, if you are using a 10-day SMA, you would add together the closing prices over the last 10 days and divide by 10. SMA’s are easy to calculate and interpret, making them popular among traders. 🧿Exponential Moving Average (EMA) EMA is another type of moving average that is widely used in technical analysis. It is similar to SMA, but it weighs recent prices more heavily than older prices, and as a result, it reacts more quickly to price changes. The EMA gives more importance to the most recent prices, making it more sensitive to market fluctuations. As a result, it is more useful in choppy and volatile markets. 🧿Weighted Moving Average (WMA) A weighted moving average gives more weight to recent prices than older prices, similar to EMA, but it differs in terms of its calculation method. Each price is assigned a weight depending on its position in the data series. Unlike the exponential moving average, the weighted moving average is also more suitable for markets with low volatility. 🗝Final Thoughts Moving averages provide a valuable tool for analyzing the market and identifying trends. While there are various types of moving averages, the choice of which one to use is entirely up to you based on your analysis and trading strategy. It is essential to remember that moving averages are just one of many technical indicators that traders use to make investment decisions. I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
6
What is the difference between a pro-trader and a beginner? The difference between pro traders and new traders is how they approach trading. Pros commit to trading. They do not see it as an opportunity, they see trading as a form of work. They are not looking for the best trade every time, instead, pros are looking for many trades because they see loss and gain as a fundamental part of how trading works. It would not be too absurd to think of pros as survivors. Pros have realized losses and gains over time, injecting capital only to lose some more, yet they have accepted that that is the nature of trading. There are both good and bad trades that range in how profitable or unprofitable they may be. Pros respect the markets, they are not trying to prove that they are right -they just follow the flow of the market. Lastly, pros understand that a lot of things cost money in the day trading world; however, they are willing to spend it because they like to have the tools that will lead them to success. New traders differ from pros in plenty of ways. For starters, they are looking for that original piece of validation to continue their day trading ventures. This is why new traders tend to look for only the best trades in the markets they are monitoring. They instinctively want to make money right away and gain some working capital to buffer any future loss. Furthermore, new traders suffer a lot when they fail because they take it personally and naturally reject their losses. This behavior eventually leads to them quitting altogether which ties into their commitment to trading as a whole. New traders (unlike pro traders) do not like to commit; for them trading is an opportunity to get as much money as possible from their trades. Furthermore, they are looking to minimize their costs by acquiring tips, shortcuts and various other content for free. As a result, new traders often sprinting to make a quick buck while if they simply took the time to slow down and educate themselves they will make more successful trades in the long run. Hey traders, let me know what subject do you want to dive in in the next post?
OANDA:XAUUSDEducation
by TopTradingSignals
9
🐹ENGULFING CANDLE TRADING STRATEGY EXPLAINED🐹 🐣If you are looking for a simple yet powerful trading strategy that can help you spot potential trend reversals in the market, then the engulfing candle trading strategy might be the one for you. 🐙What is an engulfing candle, you might ask? Well, an engulfing candle is a candlestick pattern that occurs when a larger-bodied candle completely engulfs the smaller-bodied candle that preceded it. It is a sign of a shift in market sentiment, from bullish to bearish or vice versa, and can be used to identify potential entry and exit points for trades. 🐵To use this strategy, you need to be familiar with candlestick charts and understand the basic concepts of support and resistance. Here are the steps to follow: 🐿Step 1: Identify the trend The first step is to determine the current trend of the market. You can do this by analyzing the price movement of the asset you want to trade over a certain period. If the trend is bullish, you should look for bullish engulfing patterns. If the trend is bearish, you should look for bearish engulfing patterns. 🦔Step 2: Look for engulfing candle patterns Once you have identified the trend, you can start looking for engulfing candle patterns. A bullish engulfing pattern consists of a small red candle followed by a larger green candle that completely engulfs the previous candle. A bearish engulfing pattern is the opposite, with a small green candle followed by a larger red candle. 🐳Step 3: Confirm the pattern Before entering a trade based on an engulfing candle pattern, you should confirm that it is indeed a valid signal. This can be done by checking the volume of the larger-bodied candle and ensuring that there are no major resistance or support levels nearby. 🦋Step 4: Enter the trade If the engulfing candle pattern confirms the trend and there are no major obstacles, you can enter the trade. You should set your stop-loss and take-profit levels based on your risk tolerance and the size of the engulfing pattern. 🦄Overall, the engulfing candle trading strategy is a simple yet effective way to identify potential trend reversals in the market. However, it is important to remember that no trading strategy works 100% of the time, and you should always practice proper risk management to minimize losses. 🌺Hope u like my article. Please let me know what you think💋 Love, Anabel❤️ Please, support my work with like and comment! Love you, my dear followers!👩‍💻🌸
Education
by AnabelSignals
8
✅TOP 5 BASIC RULES FOR FOREX MARKET BEGINNERS✅ ⚜️Forex trading can be an intimidating venture for beginners, but don't let that scare you off! With the right mindset and a few basic rules, you can start trading confidently and profitably in no time. In this article, we'll go over five essential rules for forex market beginners that will help you navigate the trading world with ease. ⚜️Rule 1: Understand the Market The first step to becoming a successful forex trader is to understand the market and how it works. Forex trading involves buying and selling currencies in the hopes of making a profit from the changes in their values. To get started, you'll want to learn about the different currencies, their values, and the factors that influence their prices. Some traders specialize in only a few currencies, while others prefer to take a broader approach. ⚜️Rule 2: Practice, Practice, Practice Nobody becomes a great forex trader overnight, so it's important to practice your skills as much as possible. Some brokers offer demo accounts that allow you to trade with virtual currency in a simulated market. This is a great way to practice without risking real money. Use this time to develop your trading strategy, try out different indicators and techniques, and get comfortable with the platform you're using. ⚜️Rule 3: Manage Your Risk When trading forex, it's important to manage your risk to avoid losing more money than you can afford. This includes setting stop-loss orders to limit your losses, trading with a smaller portion of your available capital, and avoiding risky trades that could lead to significant losses. ⚜️Rule 4: Keep Up with the News Economic and political events can significantly impact currency values. For example, an increase in interest rates by a central bank can lead to an increase in the value of that country's currency. It's important to stay up-to-date with news and events that could influence the market. This will help you make well-informed trades and react quickly to changes in the market. ⚜️Rule 5: Be Patient It's easy to get caught up in the excitement of forex trading, but remember that patience is key. Don't rush into trades without doing your research first, and don't let the fear of missing out (FOMO) push you to take unnecessary risks. Be patient and trust your strategy, and you'll see better results in the long run. ⚜️In conclusion, following these five basic rules can help any beginner forex trader get started on the right foot. Remember to take your time, practice often, and manage your risk to avoid significant losses. And most importantly, enjoy the thrill of trading, and have fun with it! I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Do you like this post? Do you want more articles like that
Education
by ProSignalsFx
10
The Journey of a Trader 🎓From Day 1 Until Profitable On Day 1, a trader is just a passenger in a car that is controlled by others... This journey is so common that when people realize others are doing the same thing, they don’t feel so alone. I have talked with thousands of traders through the years and the vast majority of them experience this journey just as I have. Most start out so pissed off with life that something has to change. Most do not have college degrees. The ones that do have college degrees think they have an edge in trading… THEY DON’T but they can’t realize that yet. Some people are smarter than others so they think trading will come easier to them. IT WONT. For some reason, trading comes easier to basic factory workers with no education and no one knows why. Maybe it is just pure gut instinct. Maybe it is because they are used to following the rules. Whatever the case, trading is not, nor ever will be, easy. Most traders give up before the journey ends. It has been said that 80-90% will give up in their first year but there are actually zero statistical studies to back this up. One thing we do know, by looking at trading statistics from brokers is that only a small percentage are successful. By analyzing data from 3 of the largest forex brokers, we know that only 25-35% are successful in their trades and the others are losing. This is a totally different number than all the "95% of trader lose" we see blasted all over the place. No one knows the REAL number. Out of the small percentage that stick with it, success is born after a long and intense process. Successful traders go through a series of steps and it is kind of funny but we all go through the same steps, over and over. Most traders I know have gone down this same path and I am going to lay it out for you here. While you are reading, this I want you to ask yourself where you are along this journey. Ignorance Comes First Then comes the «WOW» moment! A WOW moment is when you find something that makes you take a double take, lose your breathe and say wow. The second wow moment! 💥 A new spark of excitement and hope sets in… Pure determination At this point, you become unstoppable. Others think you are crazy! Everyone, at this point, thinks you have lost your damn mind! Finally you can say, ” Heck Yeah, I made it!” Freedom! When you reach this point, you have given more effort than the overwhelming majority of so called traders out there. You have spent sleepless nights, sweaty day, cried, made yourself sick, mentally abused your mind, and just gave every dang ounce of energy you have to this profession. You have persevered and prevailed. Hey traders, let me know what subject do you want to dive in in the next post?
OANDA:XAUUSDEducation
by TopTradingSignals
8
🎀Trading Education: EXPECTATIONS VS REALITY🎀 ❤️As an aspiring trader, you might have found yourself daydreaming of a life filled with endless profits, exotic vacations, and luxury cars. You might have even started to imagine yourself as the next Wolf of Wall Street, impressing your friends and family with your wealth and success. 💜But the reality of trading education is somewhat different from the fanciful expectations we often hold. Yes, it's true that trading can be a lucrative and exciting profession, but there are a few things you should know before diving in headfirst. 🧡First and foremost, trading education is not a get-rich-quick scheme. You can't simply enroll in a course or attend a seminar and expect to become a millionaire overnight. It takes dedication, hard work, and a willingness to learn and adapt. 💙Reality check number two: trading can be risky. No matter how much education or experience you have, there will always be factors beyond your control that can affect the markets. Successful traders understand this and know how to manage their risk accordingly. 💛Another thing to keep in mind is that there is no one-size-fits-all approach to trading. Different strategies work for different traders, and what works for one person may not work for another. This means that personalized education and training is key. It's important to find a mentor or course that aligns with your goals, personality, and trading style. 🤍Last but not least, trading is not a lonely profession, contrary to popular belief. While it's true that traders spend a lot of time analyzing charts and making trades on their own, there is a whole community of traders out there willing to share their knowledge and experiences. Whether it's through online forums or in-person meetups, connecting with other traders can offer invaluable insight and support. 💚In conclusion, if you're considering trading education, it's essential to adjust your expectations and face the realities of the industry. It takes hard work, dedication, a willingness to take risks, and personalized education to succeed. But with the right mindset, community, and drive, anyone can achieve success in the exciting world of trading. 🌺Hope u like my article. Please let me know what you think💋 Love, Anabel❤️ Please, support my work with like and comment! Love you, my dear followers!👩‍💻🌸
Education
by AnabelSignals
7
🫀THREE BODY PARTS INVOLVED IN TRADING🧠 📊Trading is an art and science all at once, requiring various skill sets and tools to be successful. While a keen eye for market trends, quick decision-making abilities and financial literacy are essential in trading, it's the three body parts that are often overlooked but play a significant role in the process- the brain, the heart and the gut. 🧠The Brain: It's the most crucial and obvious part of the trading process. Your brain's decision-making activities impact every trade you make. You need to be analytical and rational, looking at data to make informed decisions on how to invest. Using a combination of market analysis, statistical models, and technical and fundamental analysis, traders rely on their brain to identify market patterns, assess news, and devise strategies to stay ahead of the curve. However, trading purely on analytical data can lead to overthinking and paralysis analysis. You need to balance your analytical side with your emotional responses, which brings us to the next body part- the heart. 🫀The Heart: When we talk about a trader's heart, we’re not talking about love or emotions but rather the emotional response to investing. The emotional fortitude required for trading should not be underestimated, and emotional intelligence is just as valuable a trait for a trader as anything else. Emotional intelligence refers to the ability to manage and regulate emotions under high stress, and traders need to possess it to manage the highs and lows of the trading world. It's natural for a trader to panic or feel anxiety, especially during a volatile market. However, allowing your emotions to get the best can lead to poor decisions, such as selling too quickly or holding on too long. Hence, traders must control their responses by remaining calm and keeping their perceived ideas about market changes. The investor's mindset plays a vital role in trading to keep emotions under control, remain focused and stick to a well-considered investment plan. 🎲The Gut: The last body part is the least discussed but an essential body part for many traders - the gut. Many traders often say they've developed a gut feeling, which helps them make decisions about trading. However, the gut feeling is not mere speculation, it tends to be based on the knowledge and experience that a trader has accumulated over time. It's a combination of intuition and years of experience, which guide a trader toward quick decisions when the rational mind is stuck. The gut feeling is the culmination of various inputs like market trends, trading experience, technical analysis, and trustworthy sources which the brain stores in the memory banks. No matter how advanced technology trading becomes, the human touch of trusting on the gut feeling remains an essential element in trading. 📝In conclusion, trading is dependent on the interaction between the brain, heart, and gut. As a trader, you need to keep a balance between the three body parts to succeed in the dynamic and fast-paced trading world. You must develop a trading strategy relying on data, experience, emotional intelligence and core beliefs so that you can make trading decisions that are right for you. I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
5
🍀Trading VS Investing🍀 🦥When it comes to making money in the finance world, there are two main paths to choose from: trading and investing. Both of these approaches involve buying and selling financial products in order to generate a profit, but there are some important differences that are worth considering if you're trying to decide which strategy is right for you. 🦧Let's start with trading. Traders are, by definition, people who make frequent short-term transactions in the financial markets. Their goal is to take advantage of fluctuations in market prices in order to make a quick profit. This means that traders are constantly monitoring charts, news sources, and other indicators in order to identify opportunities to buy and sell within a matter of days or even hours. 🐙On the other hand, investors are typically focused on the long-term potential of an asset. They're interested in buying assets that they believe will appreciate in value over a longer period of time, such as several years or even decades. While investors do need to keep an eye on the markets to ensure that they're not buying into overvalued assets, they're generally less concerned with short-term volatility than traders are. 🦋So which approach is right for you? Well, that depends on a variety of factors, including your risk tolerance, your time horizon, and your financial goals. If you're the type of person who loves the thrill of the chase and doesn't mind taking on a bit of risk, then trading might be a good fit for you. On the other hand, if you're more interested in building long-term wealth and aren't too worried about short-term fluctuations, then you might be better off with an investor mindset. 🐝Of course, it's also important to keep in mind that there's no one-size-fits-all solution when it comes to trading versus investing. Some people might find that a hybrid approach, where they mix elements of both strategies, works best for them. Others might prefer to focus on developing a mastery in one area or the other. 🐞Ultimately, the most important thing is to do your research, evaluate your own financial situation, and be honest with yourself about what you're hoping to achieve. With the right approach and a little bit of luck, either trading or investing can be a lucrative way to grow your wealth over time. 🌺Hope u like my article. Please let me know what you think💋 Love, Anabel❤️ Please, support my work with like and comment! Love you, my dear followers!👩‍💻🌸
Education
by AnabelSignals
10
🌀Golden Cross And Death Cross Patterns Explained🌀 💱Today, we're talking about the exciting world of technical analysis, specifically the golden cross and death cross patterns. 💱So, what exactly are these patterns? Well, let me break it down for you. The golden cross pattern is a bullish signal in which a shorter-term moving average rises above a longer-term moving average. On the other hand, the death cross is a bearish signal in which a shorter-term moving average falls below a longer-term moving average. Simply put, the golden cross is a sign that the stock is on an upward trend, while the death cross indicates a downward trend. 💱Now, I can hear some of you thinking, "Why are we talking about crosses? Shouldn't we be discussing actual trends and data?" And I get it, the terminology can be a bit confusing. But the reason these patterns are so important is that they can give you an early indication of an approaching trend. 💱For example, let's say you're a savvy investor on the hunt for the next big thing. You spot a stock that's been on the decline for months, but suddenly, the shorter-term moving average crosses above the longer-term moving average, creating a golden cross. This could be a good sign that the stock is about to turn around and start heading upwards. 💱On the flip side, if you're already invested in a stock that's been doing well, but suddenly a death cross appears, it could be a sign to cut your losses and sell before the stock drops further. 💱Now, don't get me wrong, these patterns aren't foolproof. There are plenty of instances where a golden cross or death cross doesn't accurately predict a trend. But it's still a valuable tool to have in your toolbox when it comes to analyzing the markets. 💱So, whether you're a seasoned investor or just dipping your toes into the world of stocks, keep an eye out for those golden and death crosses. They may just give you the edge you need to make informed trading decisions. Happy investing! I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
9
Learn 7 Classic Free Indicators For Technical Traders ◻️MACD(Moving Average Convergence/Divergence) Traders use MACD to identify changes in the direction or strength of the asset’s price trend. MACD can seem complicated at first glance, because it relies on additional statistical concepts such as the exponential moving average (EMA). But fundamentally, MACD helps traders detect when the recent momentum in an asset’s price may signal a change in its underlying trend. This can help traders decide when to enter, add to, or exit a position.MACD is a lagging indicator. After all, all the data used in MACD is based on the historical price action of the asset. Because it is based on historical data, it must necessarily lag the price. However, some traders use MACD histograms to predict when a change in trend will occur. ◻️VWAP(Volume-Weighted Average Price) The volume-weighted average price (VWAP) is a measurement that shows the average price of a security, adjusted for its volume. It is calculated during a specific trading session by taking the total dollar value of trading in the security and dividing it by the volume of trades. The formula for calculating VWAP is cumulative typical price x volume divided by cumulative volume. VWAP gives traders a smoothed-out indication of a security’s price (adjusted for volume) over time. It is used by institutional traders to ensure that their trades do not move the price of the security they are trying to buy or sell too extremely. ◻️EMA(Exponential Moving Average) An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average. An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average simple moving average (SMA), which applies an equal weight to all observations in the period. ◻️THE FOUR TYPES OF EMA: ▪️9-EMA is use for short term trading ▪️21-EMA is used for day trading ▪️50-EMA is used for analysis ▪️200-EMA is used for long term view ◻️RSI(Relative Strength Index) The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100.Generally, when the RSI indicator crosses 30 on the RSI chart, it is a bullish sign and when it crosses 70, it is a bearish sign. Put another way, one can interpret that RSI values of 70 or above indicate that a security is becoming overbought or overvalued. It may be primed for a trend reversal or corrective price pullback. An RSI reading of 30 or below indicates an oversold or undervalued condition. Overbought refers to a security that trades at a price level above its true (or intrinsic) value. That means that it's priced above where it should be, according to practitioners of either technical analysis or fundamental analysis. Traders who see indications that a security is overbought may expect a price correction or trend reversal. Therefore, they may sell the security. Thanks for reading bro, you are the best☺️ Like, comment and subscribe to boost your trading! Hey traders, let me know what subject do you want to dive in in the next post?
OANDA:XAUUSDEducation
by TopTradingSignals
8
Learn the Long History of Forex! 💶The history of the foreign exchange market (forex) dates back centuries, with evidence of currency exchange dating back to ancient civilizations. Here is a brief overview of the ancient history of forex: • Ancient Mesopotamia: The Mesopotamians, who lived in present-day Iraq, are believed to have been the first civilization to use a form of currency. They used clay tablets to record transactions of goods and services, and it is believed that they also engaged in foreign exchange transactions. • Ancient Egypt: The ancient Egyptians used a bartering system to trade goods and services, but they also used a form of currency in the form of metal rings. Foreign exchange transactions likely occurred between ancient Egyptian traders and merchants from other civilizations. • Ancient China: The Chinese began using metal coins as a form of currency as early as the 7th century BC. They also engaged in foreign exchange transactions with merchants from other civilizations, such as the Greeks and Romans. • Ancient Greece: The ancient Greeks used a bartering system to trade goods and services, but they also minted coins made of precious metals. Foreign exchange transactions likely occurred between ancient Greek traders and merchants from other civilizations. • Ancient Rome: The ancient Romans minted coins made of precious metals, which were used as a form of currency. They also engaged in foreign exchange transactions with merchants from other civilizations. 💴It's worth noting that these ancient foreign exchange transactions were likely not as frequent and organized as they are today, and were conducted primarily through bartering or physical money exchange. The invention of paper money and the rise of banks in the Middle Ages led to the development of more organized foreign exchange markets. 💵And Here is the overview of modern history of forex: • The modern foreign exchange market began to take shape in the 1970s, after the collapse of the Bretton Woods system, which had pegged the value of currencies to the price of gold. • Prior to the 1970s, currency trading was primarily conducted by governments and large institutions, but with the emergence of floating exchange rates, the market became more accessible to smaller investors and traders. • In the 1980s, electronic trading began to take hold, with the introduction of new technologies such as the Reuters Dealing 2000-2 system, which allowed traders to conduct transactions electronically. This led to a significant increase in the size and liquidity of the forex market. • The 1990s saw the continued growth of the forex market, with the introduction of new technologies such as the internet, which made it possible for individuals to trade forex online. • In the 2000s, the forex market saw a surge in popularity as a growing number of retail traders and investors entered the market. The introduction of online trading platforms and the ability to trade on margin further increased the market's accessibility. 💰Today, the forex market is the largest and most liquid financial market in the world, with a daily turnover of over $6 trillion. It's accessible to a wide range of participants, from large banks and institutional investors to small retail traders. The forex market operates 24 hours a day, five days a week, allowing traders to participate at any time. ❤️Please, support our work with like & comment!❤️ What do you want to learn in the next post?
TVC:GOLDEducation
by UnitedSignals
6
Beginners’ Guide to Asset Allocation and Diversification Even if you are new to investing, you may already know some of the most fundamental principles of sound investing. How did you learn them? Through ordinary, real-life experiences that have nothing to do with the stock market. For example, have you ever noticed that street vendors often sell seemingly unrelated products - such as umbrellas and sunglasses? Initially, that may seem odd. After all, when would a person buy both items at the same time? Probably never - and that’s the point. Street vendors know that when it’s raining, it’s easier to sell umbrellas but harder to sell sunglasses. And when it’s sunny, the reverse is true. By selling both items - in other words, by diversifying the product line - the vendor can reduce the risk of losing money on any given day. If that makes sense, you’ve got a great start on understanding asset allocation and diversification. This publication will cover those topics more fully and will also discuss the importance of rebalancing from time to time. Asset Allocation Asset allocation involves dividing an investment portfolio among different asset categories, such as stocks, bonds, and cash. The process of determining which mix of assets to hold in your portfolio is a very personal one. The asset allocation that works best for you at any given point in your life will depend largely on your time horizon and your ability to tolerate risk. Time Horizon Your time horizon is the expected number of months, years, or decades you will be investing to achieve a particular financial goal. An investor with a longer time horizon may feel more comfortable taking on a riskier, or more volatile, investment because he or she can wait out slow economic cycles and the inevitable ups and downs of our markets. By contrast, an investor saving up for a teenager’s college education would likely take on less risk because he or she has a shorter time horizon. Risk Tolerance Risk tolerance is your ability and willingness to lose some or all of your original investment in exchange for greater potential returns. An aggressive investor, or one with a high-risk tolerance, is more likely to risk losing money in order to get better results. A conservative investor, or one with a low-risk tolerance, tends to favor investments that will preserve his or her original investment. In the words of the famous saying, conservative investors keep a “bird in the hand,” while aggressive investors seek “two in the bush.” Stocks Stocks have historically had the greatest risk and highest returns among the three major asset categories. As an asset category, stocks are a portfolio’s “heavy hitter,” offering the greatest potential for growth. Stocks hit home runs, but also strike out. The volatility of stocks makes them a very risky investment in the short term. Large company stocks as a group, for example, have lost money on average about one out of every three years. And sometimes the losses have been quite dramatic. But investors that have been willing to ride out the volatile returns of stocks over long periods of time generally have been rewarded with strong positive returns. Bonds Bonds are generally less volatile than stocks but offer more modest returns. As a result, an investor approaching a financial goal might increase his or her bond holdings relative to his or her stock holdings because the reduced risk of holding more bonds would be attractive to the investor despite their lower potential for growth. You should keep in mind that certain categories of bonds offer high returns similar to stocks. But these bonds, known as high-yield or junk bonds, also carry higher risk. Cash Cash and cash equivalents - such as savings deposits, certificates of deposit, treasury bills, money market deposit accounts, and money market funds - are the safest investments, but offer the lowest return of the three major asset categories. The chances of losing money on an investment in this asset category are generally extremely low. The federal government guarantees many investments in cash equivalents. Investment losses in non-guaranteed cash equivalents do occur, but infrequently. The principal concern for investors investing in cash equivalents is inflation risk. This is the risk that inflation will outpace and erode investment returns over time. Stocks, bonds, and cash are the most common asset categories. These are the asset categories you would likely choose from when investing in a retirement savings program or a college savings plan. But other asset categories - including real estate, precious metals and other commodities, and private equity - also exist, and some investors may include these asset categories within a portfolio. Investments in these asset categories typically have category-specific risks. Before you make any investment, you should understand the risks of the investment and make sure the risks are appropriate for you. Like, comment and subscribe to boost your trading! Hey traders, let me know what subject do you want to dive in in the next post?
OANDA:XAUUSDEducation
by TopTradingSignals
11
Building Your First Trading Plan | Step By Step Guide 📖What is a trading plan? A trading plan is a comprehensive decision-making tool for your trading activity. It helps you decide what, when and how much to trade. A trading plan should be your own, personal plan – you could use someone else’s plan as an outline but remember that someone else’s attitude towards risk and available capital could be vastly different to yours. 📚Why do you need a trading plan? You need a trading plan because it can help you make logical trading decisions and define the parameters of your ideal trade. A good trading plan will help you to avoid making emotional decisions in the heat of the moment. ✳️TRADING PLAN CREATION STEPS: 1️⃣Outline your motivation Figuring out your motivation for trading and the time you’re willing to commit is an important step in creating your trading plan. Ask yourself why you want to become a trader and then write down what you want to achieve from trading. 2️⃣Decide how much time you can commit to trading Work out how much time you can commit to your trading activities. Can you trade while you’re at work, or do you have to manage your trades early in the mornings or late at night? If you want to make a lot of trades a day, you’ll need more time. If you’re going long on assets that will mature over a significant period of time – and plan to use stops, limits and alerts to manage your risk – you may not need many hours a day. It's also important to spend enough time preparing yourself for trading, which includes education, practising your strategies and analysing the markets. 3️⃣Define your goals Any trading goal shouldn’t just be a simple statement, it should be specific, measurable, attainable, relevant and time-bound (SMART). For example, ‘I want to increase the value of my entire portfolio by 15% in the next 12 months’. This goal is SMART because the figures are specific, you can measure your success, it’s attainable, it’s about trading, and there’s a time-frame attached to it.You should also decide what type of trader you are. Your trading style should be based on your personality, your attitude to risk, as well as the amount of time you’re willing to commit to trading. 4️⃣Choose a risk-reward ratio Before you start trading, work out how much risk you're prepared to take on – both for individual trades and your trading strategy as a whole. Deciding your risk limit is very important. Market prices are always changing and even the safest financial instruments carry some degree of risk. Some new traders prefer to take on a lower risk to test the waters, while some take on more risk in the hopes of making larger profits – this is completely up to you. It is possible to lose more times than you win and still be consistently profitable. It's all down to risk vs reward. 5️⃣Decide how much capital you have for trading Look at how much money you can afford to dedicate to trading. You should never risk more than you can afford to lose. Trading involves plenty of risk, and you could end up losing all your trading capital (or more, if you are a professional trader). Do the maths before you start and make sure you can afford the maximum potential loss on every trade. If you don't have enough trading capital to start right now, practise trading on a demo account until you do. 6️⃣Start a trading diary For a trading plan to work it needs to be backed up by a trading diary. You should use your trading diary to document your trades as this can help you find out what’s working and what isn’t.You don’t only have to include the technical details, such as the entry and exit points of the trade, but also the rationale behind your trading decisions and emotions. If you deviate from your plan, write down why you did it and what the outcome was. The more detail in your diary, the better. ❤️Please, support our work with like & comment!❤️ What do you want to learn in the next post?
TVC:GOLDEducation
by UnitedSignals
7
📈HOW TO RECOVER FROM A TRADING LOSS📉 🔰Analyze the reasons behind the trading loss: Understanding what caused the loss is essential to avoid repeating the same mistake. Analyze the market conditions, trading strategy, and emotions behind the loss. 🔰Stick to a trading plan: A trading plan acts as a blueprint for a successful trading journey. Follow your trading plan and avoid any impulsive decisions. 🔰Cut losses short: Don't hold onto losing trades in the hope of recouping your losses. Cut the losses immediately and move on to the next opportunity. 🔰Diversify: Diversification can reduce your overall risk. Spread your investments across multiple channels and avoid investing all your money in a single asset. 🔰Learn from successful traders: Successful traders can provide valuable advice and insights into trading. Follow their strategies and learn from their experiences. 🔰Reduce the trading size: To avoid significant losses, reduce your trading size. Start with small trades and gradually increase the position size. 🔰Control emotions: Emotions play a significant role in trading. Avoid trading based on emotions and stick to the trading plan. 🔰Stay informed: Keep abreast of the latest market news and events. Follow economic indicators, news releases, and expert opinions. 🔰Take a break: Taking a break after a trading loss can help you clear your mind and recharge. Take time to assess your trading journey, re-evaluate your strategy and come back refreshed. ❗️Remember that trading losses are part of the journey, and everyone experiences them. Recovering from a loss requires discipline, patience, and a willingness to learn from mistakes. Stick to your plan, manage risk, control emotions and with time, recover from the loss. I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Do you like this post? Do you want more articles like that
Education
by ProSignalsFx
12
10 Rules of Risk Management Risk management is the most important aspect of any trading plan. Apart from the mathematical and strategic methodologies to employ, there are several precautions you can adopt as a trader and consider in your decision-making process. Never risk more than you can afford to lose. Never forget Rule no.1. Stick to your trading plan. Consider the costs like spread, rollover/swap and commissions. Limit your margin use and track available margin to avoid margin calls. Always use Take Profit and Stop Loss orders. Never leave open positions unattended. Record your performance and adjust as you progress. Avoid high volatility periods like economic news releases. Avoid making emotional decisions when trading. We apply risk management to minimise losses if the market tide turns against us after an event. Although the temptation of realising every opportunity is there for all traders, we must know the risks of an investment in advance to ensure we can endure if things go sour. All successful traders know and accept that trading is a complex process and an extensive risk management strategy and trading plan allow us to have a sustainable income source. ❤️Please, support our work with like & comment!❤️ What do you want to learn in the next post?
TVC:GOLDEducation
by UnitedSignals
5
LOT SIZE, PIPS AND LEVERAGE WHAT IS LEVERAGE Leverage is a tool that increases the purchasing power of the trader’s deposit. The mechanism is funded by the broker, or rather the liquidity provider working with the broker. The leverage mechanism is very simple. The higher the leverage is, the more funds we can invest in trading. Simply put, leverage is kind of a bank loan. But it is much cheaper, and the borrowers usually risk only their own funds on the account. WHAT IS A PIP A pip (percentage in point) is the minimum unit of measurement to express the change in value between two currencies in the Forex market. In currency pairs, 1 pip is often one hundred-thousandth, that is, the fifth decimal place in a currency quote (0.00001). For the derivatives, one pip is usually one hundredth (0.01). Simply put, a pip is the last decimal place in a quote. The pip cost is directly affected by the lot size. LOT SIZE IS The lot size is the number of currency units expressed in the quote currency that compose one whole contract. The quote currency is the currency that used to value the asset price. In the EUR/USD currency pair, the base currency is the EUR. Common lot types are: Standard,Mini-lot (0,1 of a standard one), Micro-lot (0,01 of a standard one), Nano-lot (0,001 of a standard one). LOT AND LEVERAGE RELATION The relation between these two concepts is that both these figures affect the total trade cost. The difference is that this influence is made in opposite directions. The larger is the lot size, the larger is the transaction volume, and, consequently, its value (I mean the security deposit you must have to open the position). However, the higher is the leverage, the less money is required for the trade margin and therefore, the less is the trade cost. CONCLUSION Forex lot size and leverage are the basic concepts for every forex trader. It is of key importance to understand them. Experiment with the calculator and the table to understand how the lot size and leverage affect your position size in particular and your trading in general. This practice will help you develop your own strategy and determine the “best” leverage for your trading goals. I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
6
How to Trade Like a Pro | Focus on One Instrument! “TO TRADE, OR NOT TO TRADE A SINGLE CURRENCY PAIR. THAT IS THE QUESTION…” 🧿MULTIPLE CURRENCY PAIRS Easier to recover from losses on a given currency pair Less likely to experience not seeing any setups for a whole day/week Better understanding of pair correlations required Can be more distracting 🧿SINGLE CURRENCY PAIR No risk of trading correlated pairs Better ability to focus Feeling of understanding the price movements more Can be a struggle to stick to ONE pair Feeling of missing out when big moves happen on other pairs ✅HOW TO TRADE SINGLE CURRENCY PAIR: 🔲Step 1: Pick Your Currency Pair ▪️Is the pair active when I intend to trade it? Even though the Foreign Exchange market is open 24/5, some pairs may be less traded at some specific times. Refer to "When To Trade Forex To Maximize Your Lifestyle & Profit?" ▪️Do you understand the currency pair you want to trade? If you trade a pair with your country's currency, your chances of understanding how the price of the pair fluctuates might be higher. You will know what's going on and might even be able to know where the currency is heading (we are talking of fundamental analysis here...). ▪️Is the pair too or not enough volatile for you? Don't be surprised to see big swings in GBP/JPY or GBP/NZD because those pairs are considered more volatile. Some traders like it because the profits usually come quickly, but stopped out trades can be more frequent.On the other hand, a pair like USD/CNY will have some inactivity periods and that might be frustrating. 🔲Step 2: Plan Your Trading Good strategies are abstract and should work on any currency pair, however, since you have decided to trade one pair only, you have the privilege of tailoring you strategy to the particular pair, taking into the account it’s volatility, average likelihood of fakeouts vs breakouts, how trending it is on average etc.. 🔲Step 3: Stay Consistent Stick to the plan for at least a month. You might start the month feeling excited. You might get discouraged because you've taken too many or too few trades two weeks in.No one cares. Stick to your decision.At the end of the month, two things will happen: 1. You'll have built more confidence in your ability to remain consistent. 2. You'll have performed an experiment and will be able to say what works vs. what doesn't. Those are two great things for someone who's looking to grow as a Forex trader. Thanks for reading bro, you are the best☺️ Like, comment and subscribe to boost your trading! Hey traders, let me know what subject do you want to dive in in the next post?
OANDA:XAUUSDEducation
by TopTradingSignals
10