🔥Would you like to take part in a trade marathon or tournament?

What do you expect from such an event?

​#Education

🤔What is day trading?

Day trading is when traders open and close their positions on the same day. This approach aims to profit from short-term price movements. Day traders are known for their fast-paced, high-risk approach to trading, and they typically use technical analysis to identify trading opportunities.

👆Traders can use many different day trading strategies to try to generate profits. Here are a few examples:

📈Breakout trading: Breakout trading involves entering trades when the price of an asset breaks through a key level of support or resistance. Traders look for assets trading within a range and then make a big move when they break out of that range. Breakout traders often use chart patterns like triangles, flags, and pennants to identify potential breakouts.

📰News trading: News trading involves trading based on important economic or corporate news releases. Traders look for assets likely affected by the news and then try to profit from the resulting price movements. News traders often use news feeds, economic calendars, and social media to stay up-to-date on important events.

🚦Range trading: Range trading involves buying assets when they are at the bottom of a range and selling them when they are at the top of the range. Traders look for assets trading within a range for a while and then try to profit from the predictable price movements. Range traders often use technical indicators like the Relative Strength Index (RSI) and the Stochastic Oscillator to identify oversold and overbought conditions.

❗️In conclusion, day trading is a high-risk, high-reward trading strategy requiring much skill, knowledge, and discipline. Traders can use various strategies to generate profits, but they must be willing to accept the risks of day trading. Traders must educate themselves, develop a trading plan, and manage risk carefully to succeed.

What kind of trader are you?

​​#Education

📈 Top traders: what's so special about them?

Happy Sunday! Today, let's talk about the nine traits top traders have.

1️⃣ They think for themselves. Successful traders don't rely solely on others' opinions or news headlines. They analyze market data and make their own informed decisions.

2️⃣They don't care when others disagree. Top traders are confident in their own strategies and don't let the opinions of others sway them. They know that trading is about making decisions based on their own analysis, not following the herd.

3️⃣They can trade safely through chaos. Markets can be unpredictable, but top traders are able to stay calm and make rational decisions even when things get volatile.

4️⃣They are always learning. The best traders never stop learning. They stay up-to-date on market trends, research new strategies, and adapt to changes in the market.

5️⃣They don't participate in market debate. Successful traders don't waste time arguing with others about the direction of the market. They focus on making smart trades based on their own analysis.

6️⃣They cut losses quickly. Top traders know that losses are inevitable in trading, but they also know the importance of cutting losses quickly. They set Stop Loss orders and are quick to exit a trade when it's not going in their favor.

7️⃣They trade small. Top traders know that it's better to trade small and manage risk than to take on too much risk and lose big.

8️⃣They have confidence. Successful traders believe in their abilities and their strategies. They don't let fear or doubt cloud their judgment.

9️⃣They never quit. Trading can be a challenging and sometimes frustrating endeavor, but top traders don't give up. They learn from their mistakes and keep pushing forward.

So, if you want to become a successful trader, start by thinking for yourself, staying focused on your strategy, managing risk, and continuously learning.

For more tips on risk management, visit the FBS website: https://bit.ly/3YBHoYj

#meme

This is Powell after he saw high NFP last Friday 😂

​​#MarketNews

🔥 What a week to be a trader! The US CPI release will surely make a lot of volatile movements, and some US banks are still on the verge of bankruptcy. Here’s what you’ll encounter:

(All times are in GMT+2 timezone).
1️⃣ Monday:
00:20, Fed Announcement

2️⃣ Tuesday:
09:00, UK Claimant Count Change
14:30, US monthly and annual CPI and Core CPI

3️⃣ Wednesday:
14:30, UK Annual Budget Release
14:30, US monthly PPI and Retail Sales
23:45, New Zealand GDP

4️⃣ Thursday:
02:30, Australia Employment Change and Unemployment Rate
15:15, ECB Monetary Policy Statement and Press Conference

5️⃣ Friday:
16:00, US Prelim UoM Consumer Sentiment

🗞 We will never forget about the fresh news pack!

💥 Silicon Valley Bank (the one that has gone bankrupt with $200 billion on balance) sold its UK Subsidiary to HSBC bank

🤑 The US Fed made an extra statement today. Fed officials said the Bank Term Funding Program is big enough to cover all uninsured deposits, but it will act as a lender with no bailout. Simply put, the Fed was scared of banks’ bankruptcies and would help them if needed. ⚠️ This is very bullish for assets but awful for the economy.

💸 Overall, Bitcoin gained 12% since the bottom of last Friday.

💹 USDC, the coin that got unpegged because of SVB bankruptcy, restored its peg to the USD.

🏆 Gold touched the resistance of $1893 and aims for the retest of the 200-period MA near $1860.

🚗 Elon Musk exercised the option of buying 10 500 Tesla shares.

🏦 SVB isn’t the only institution with money issues. US banks are sitting on $620 billion in unrealized losses. Traders still need to be careful because the plunge may come fast.

💚 How are you feeling today? Let’s make this day worth it!

#ADS

🔥Adidas stocks are falling.

The stocks broke 50MA and are testing 100MA. This is possible that the price may return to 139.32.

🔻Trade: sell ADS
🎯TP: 142.650; 140.50; 139.30

🤔Do you trade stocks, guys?

✅TRADE WITH FBS✅

🔈Biden:

🛟Bank deposits are safe

🛡All bank customers will be protected and have or will have access to their accounts.

🗽There will be no loss to businesses or customers. Losses will not affect taxpayers.

🏦Investors and bankers will not be protected. They know their risks; we will not protect them.

Putting off the fire…

🌅Hey-hey, guys! The new day’s coming, and here we go with our new daily digest. Don’t miss it.🔥

🏦‘Who’s the next?’ asks Wall Street, meaning the bank sector situation. Silvergate and SVB provoked a total mess in the markets. 🔻S&P Financial Index (SPF) plunged by almost 13%. Boom! 💣

😱Several banks have nearly the same problems as SVB. Among them are First Republic Bank, First Foundation Inc, etc. The market fears such problems may provoke a crisis in the most significant ones: JP Morgan Chase and Citigroup.

🇪🇺The market doesn’t forget the European banks too. Credit-default swaps (CDS) on Credit Suisse hit a record – $403.99 (+8% during one day).

🇬🇧The UK unemployment rate was released better than expected, +3.7% VS +3.8% in the forecast. GBPUSD almost hit 1.22.

🇺🇸The US CPI is released today at 14:30 GMT+2. Economists expect that inflation for February will be 6%.

🗽American President Joe Biden tried to diffuse the tension. ‘Banks deposits are safe,’ said Joe. ‘Ok, Joe, we trust you,’ said the traders and bought crypto and gold:

📈BTCUSD was growing by 9% and almost reached $25 000

🥇XAUUSD was growing by almost 2.5%. The price broke 50MA and formed the gap. In the short term, correction is possible, while in the long run, we may reach 1960.

💚 Have a pleasant trading day and give us 👍 if you like our digest

​​🤔 What do you like the most: candlestick patterns or chart patterns? Maybe, you combine them and get amazing results?

🔥 In case you don't know what we are talking about, check our article about different patterns

➡️ http://bit.ly/3JDSlVi