Educational Post📕
SECRETS OF PROFITABLE DAY TRADING
There are a few secrets that every trader should know about. These secrets will greatly improve your trading and relieve you of unnecessary stress.
1️⃣ Don't trade below 1H: During the day, the trader uses setups that will often give false signals on small timeframes, which will make trading nervous and unprofitable.
On H1 timeframes and above, setups are processed much better and there will not be as many false signals as on small timeframes.
2️⃣ Don't make too many trades: Even if you think that intraday trading involves a large number of transactions, this does not mean that you need to open transactions often.
Each trade should be entered after the setup signal, don't open trades just because you feel like it.
3️⃣ Risks: The old risk rule still works and works well. Do not risk more than 1% of your capital on each trade. This rule applies most to beginners. Experienced traders can deviate from this rule and risk a little more.
SECRETS OF PROFITABLE DAY TRADING
There are a few secrets that every trader should know about. These secrets will greatly improve your trading and relieve you of unnecessary stress.
1️⃣ Don't trade below 1H: During the day, the trader uses setups that will often give false signals on small timeframes, which will make trading nervous and unprofitable.
On H1 timeframes and above, setups are processed much better and there will not be as many false signals as on small timeframes.
2️⃣ Don't make too many trades: Even if you think that intraday trading involves a large number of transactions, this does not mean that you need to open transactions often.
Each trade should be entered after the setup signal, don't open trades just because you feel like it.
3️⃣ Risks: The old risk rule still works and works well. Do not risk more than 1% of your capital on each trade. This rule applies most to beginners. Experienced traders can deviate from this rule and risk a little more.
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Study_Guide_for_Technical_Analysis_Explained_by_Martin_J_Pring_z.pdf
3 MB
Ultimate study Guide for Technical analysis explained.
Why 90% of Traders Lose ?
*️⃣Risk management is the most important in this game because it keeps you alive, keeps your account fresh during bad market conditions.
*️⃣Learn risk management first to understand how to protect your capital first of all and then learn a strategy.
*️⃣Buying signals and expecting overnight succes could be bad for your trading journey, don't expect anything from anybody and start to be your signal generator.
*️⃣Trading business its not getting rich overnight, its getting rich for sure on a long term basis. Don't expect succes overnight its not gonna happen i promise you.
*️⃣Risk management is the most important in this game because it keeps you alive, keeps your account fresh during bad market conditions.
*️⃣Learn risk management first to understand how to protect your capital first of all and then learn a strategy.
*️⃣Buying signals and expecting overnight succes could be bad for your trading journey, don't expect anything from anybody and start to be your signal generator.
*️⃣Trading business its not getting rich overnight, its getting rich for sure on a long term basis. Don't expect succes overnight its not gonna happen i promise you.
💡 Technical Analysis Tips 💡
Not all trendlines have to be build using higher highs and lower lows. Some work perfectly as a trend direction and parallel channel middle line. The more bounces it has the more important it is for the chart (not stronger, but important). Also pay attention to volume - it should increase at line cross or bounce zones, confirming the line.
Example - look at blue trendline that worked as SR through all the way MCO made up, before BTC cracked it down.
Breakdown of trendline started fast dump. In combination with horizontal SR line crossover price movement increase exponentially.
Not all trendlines have to be build using higher highs and lower lows. Some work perfectly as a trend direction and parallel channel middle line. The more bounces it has the more important it is for the chart (not stronger, but important). Also pay attention to volume - it should increase at line cross or bounce zones, confirming the line.
Example - look at blue trendline that worked as SR through all the way MCO made up, before BTC cracked it down.
Breakdown of trendline started fast dump. In combination with horizontal SR line crossover price movement increase exponentially.
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Starting small is a smart move! Your journey resonates with many.
Focusing on these 5️⃣ things can be a game-changer for beginners:
➡️Smart Planning: A well-thought-out financial plan is your anchor. Never go all in; it's about consistent progress.
➡️Focus & Specialization: Master a few instruments. Understand them deeply; quality over quantity wins the race.
➡️Volatility Awareness: Opt for stable assets. High volume, steady growth assets are your allies; avoid wild fluctuations.
➡️Timeframes Matter: Embrace higher timeframes. Avoid the frenzy of scalping. Patience pays off, quite literally!
➡️Embrace Losses: It's part of the game. Plan your losses in real money, not just percentages. It's about survival and strategic growth.
🚌 Remember, trading is a journey.
📕 Let's learn and grow together.
Focusing on these 5️⃣ things can be a game-changer for beginners:
➡️Smart Planning: A well-thought-out financial plan is your anchor. Never go all in; it's about consistent progress.
➡️Focus & Specialization: Master a few instruments. Understand them deeply; quality over quantity wins the race.
➡️Volatility Awareness: Opt for stable assets. High volume, steady growth assets are your allies; avoid wild fluctuations.
➡️Timeframes Matter: Embrace higher timeframes. Avoid the frenzy of scalping. Patience pays off, quite literally!
➡️Embrace Losses: It's part of the game. Plan your losses in real money, not just percentages. It's about survival and strategic growth.
🚌 Remember, trading is a journey.
📕 Let's learn and grow together.
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The Key Reversal pattern is just as the name implies, a reversal formation.
The Key Reversal involves two candlesticks. The first stick is normal-sized and can be any color. The second candle drives to a new extreme and then reverses into a large-bodied candle.
The second candle is key to indicating whether the pattern is bullish or bearish. If the second candle is green, then it is a bullish Key Reversal, and additional gains are expected. If the second candle is red, then look for the market to correct lower.
If the Key Reversal appears near support or resistance levels, then the signal tends to be stronger.
The Key Reversal involves two candlesticks. The first stick is normal-sized and can be any color. The second candle drives to a new extreme and then reverses into a large-bodied candle.
The second candle is key to indicating whether the pattern is bullish or bearish. If the second candle is green, then it is a bullish Key Reversal, and additional gains are expected. If the second candle is red, then look for the market to correct lower.
If the Key Reversal appears near support or resistance levels, then the signal tends to be stronger.
Educational Post 👨💻
How to avoid false breakouts like a pro?
🌞A false breakdown is a situation when the price violates an obvious level, but then suddenly changes direction.
🌞When the initial breakout of the level occurs, many traders open a trade in the direction of the breakdown.
🌞One of the ways to detect false breakouts is to monitor the volume, Real breakouts are usually accompanied by strong indications of trading volume at the time of the breakout.
🌞It is also useful to monitor not only the trading volume but also the price movement on the lower timeframe. In many cases, you will see that the price makes a very sharp pullback on the lower timeframe, which is not visible on the higher timeframe.
🌞The false breakout trap includes several candlesticks , usually 1-4, that go beyond the key support or resistance level . Such breakouts occur after a strong movement, as the market has reached an important level, but the price momentum still retains its strength.
How to avoid false breakouts like a pro?
🌞A false breakdown is a situation when the price violates an obvious level, but then suddenly changes direction.
🌞When the initial breakout of the level occurs, many traders open a trade in the direction of the breakdown.
🌞One of the ways to detect false breakouts is to monitor the volume, Real breakouts are usually accompanied by strong indications of trading volume at the time of the breakout.
🌞It is also useful to monitor not only the trading volume but also the price movement on the lower timeframe. In many cases, you will see that the price makes a very sharp pullback on the lower timeframe, which is not visible on the higher timeframe.
🌞The false breakout trap includes several candlesticks , usually 1-4, that go beyond the key support or resistance level . Such breakouts occur after a strong movement, as the market has reached an important level, but the price momentum still retains its strength.
Educational Post📕
SECRETS OF PROFITABLE DAY TRADING
There are a few secrets that every trader should know about. These secrets will greatly improve your trading and relieve you of unnecessary stress.
1️⃣ Don't trade below 1H: During the day, the trader uses setups that will often give false signals on small timeframes, which will make trading nervous and unprofitable.
On H1 timeframes and above, setups are processed much better and there will not be as many false signals as on small timeframes.
2️⃣ Don't make too many trades: Even if you think that intraday trading involves a large number of transactions, this does not mean that you need to open transactions often.
Each trade should be entered after the setup signal, don't open trades just because you feel like it.
3️⃣ Risks: The old risk rule still works and works well. Do not risk more than 1% of your capital on each trade. This rule applies most to beginners. Experienced traders can deviate from this rule and risk a little more.
SECRETS OF PROFITABLE DAY TRADING
There are a few secrets that every trader should know about. These secrets will greatly improve your trading and relieve you of unnecessary stress.
1️⃣ Don't trade below 1H: During the day, the trader uses setups that will often give false signals on small timeframes, which will make trading nervous and unprofitable.
On H1 timeframes and above, setups are processed much better and there will not be as many false signals as on small timeframes.
2️⃣ Don't make too many trades: Even if you think that intraday trading involves a large number of transactions, this does not mean that you need to open transactions often.
Each trade should be entered after the setup signal, don't open trades just because you feel like it.
3️⃣ Risks: The old risk rule still works and works well. Do not risk more than 1% of your capital on each trade. This rule applies most to beginners. Experienced traders can deviate from this rule and risk a little more.
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Top 10 Trading PSYCHOLOGY Tips
1 Stay Emotionally Disciplined: Control fear and greed by sticking to your plan.
2 Accept Losses: Learn from losses and move on without emotional attachment.
3 Be Patient and Disciplined: Avoid impulsive decisions, wait for setups.
4 Manage Risk: Use stop-loss orders and risk only a small portion of your capital.
5 Focus on Process: Judge trades based on plan adherence, not just outcomes.
6 Continuous Learning: Keep educating yourself and adapt based on experience.
7 Realistic Expectations: Trading takes time and effort; it's not a quick fix.
8 Balance Life and Trading: Maintain a healthy balance in life beyond trading.
9 Stay Humble: Accept mistakes and learn from them, avoiding ego-driven decisions.
10 Seek Community Support: Surround yourself with supportive traders for guidance.
These succinct tips cover key aspects of trading psychology, helping you navigate markets effectively.
1 Stay Emotionally Disciplined: Control fear and greed by sticking to your plan.
2 Accept Losses: Learn from losses and move on without emotional attachment.
3 Be Patient and Disciplined: Avoid impulsive decisions, wait for setups.
4 Manage Risk: Use stop-loss orders and risk only a small portion of your capital.
5 Focus on Process: Judge trades based on plan adherence, not just outcomes.
6 Continuous Learning: Keep educating yourself and adapt based on experience.
7 Realistic Expectations: Trading takes time and effort; it's not a quick fix.
8 Balance Life and Trading: Maintain a healthy balance in life beyond trading.
9 Stay Humble: Accept mistakes and learn from them, avoiding ego-driven decisions.
10 Seek Community Support: Surround yourself with supportive traders for guidance.
These succinct tips cover key aspects of trading psychology, helping you navigate markets effectively.
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A Beginners Guide to Charting Financial Markets @ForexBooks.pdf
2.1 MB
❤️A Beginners Guide to Charting📈📉 Financial Markets
📊If you’ve always wondered about charts and how they can help you make better investment decisions, then this book is for you.
Without using any jargon or complicated formulas, we’ll just focus on making the only decision there is to make when it comes to the markets – buy, sell or hold.
📊If you’ve always wondered about charts and how they can help you make better investment decisions, then this book is for you.
Without using any jargon or complicated formulas, we’ll just focus on making the only decision there is to make when it comes to the markets – buy, sell or hold.
10 ways for traders to take profit @ForexBooks(1).pdf
1.1 MB
✅10 ways For Traders to Take Profit
⚠️Taking profit is one of the most neglected topic among traders
⚠️Taking profit is one of the most neglected topic among traders
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