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Risk Management

📚 Leveraged & Margin Trading Guide + Examples ⚖️ Leveraged trading allows even small retail traders to make money trading different financial markets. With a borrowed capital from your broker, you can empower your trading positions. The broker gives you a multiplier x10, x50, x100 (or other) referring to the number of times your trading positions are enhanced. Brokers offer leverage at a cost based on the amount of borrowed funds you’re using and they charge you per each day that you maintain a leveraged position open. For example, let's take EURUSD pair. Let's buy Euro against the Dollar with the hope that the exchange rate will rise . Buying that on spot with 1.195 ask price and selling that on 1.23 price we can make a profit by selling the same amount of EURUSD back to the broker. With x50 leverage , our return will be 50 times scaled . With the leverage, we can benefit even on small price fluctuations not having a huge margin. ❗️Remember that leverage will also multiply the potential downside risk in case if the trade does not play out. In case of a bearish continuation on EURUSD, the leveraged loss will be paid from our margin to the broker. For that reason, it is so important to set a stop loss and calculate the risks before the trading position is opened. ❤️Please, support this idea with a like and comment!❤️
OANDA:XAUUSDEducation
by VasilyTrader
14
Order Types (How To Set Up)Order Types: Market Order- Placed at market price Limit Order- Entry or exit order placed above or below market Stop Order- Entry or exit order placed above or below market. Rules for Placing Forward Orders: above current price: BAS: Buy Above is a Stop Order SAL: Sell Above is a Limit Order below current price: BBL: Buy Below is a Limit Order SBS: Sell Below is a Stop Order *YOU need to know this prior to trading Forex- always use a entry, stop and target order when entering any new trades. Risk management.
Education
by Anbat
Top 10 Patterns (Pin Bar) #8Pin Bar patterns are in the top three patterns to know: Example is bearish pin bar with nose which happens at a high liquidity time and volume too. Three types of pin bars are: Standard pin bar, Pin bar with nose and Pin bar with no real body. In general, Pin Bars are two types. The bullish pin bar, and the Bearish Pin bar. Bullish Pin Bar signals Long or Buy trade entry, and a Bearish Pin Bar signals the Short or Sell trade entry. Use 1 hour, 4 hour or daily pin bars at major support or resistance for better results. Fib Ret tool helps & pullbacks work. Every pin bar consists of a real body or a head. And a tail or long shadow.The real body is the difference between the opening price and closing price of a candle. So, if the closing price is higher than the opening price of a pin bar, then this types of pin bars are called the bullish pin bar. And if the closing price is lesser than the opening price, then this types of pin bars are called the bearish pin bar. A bullish pin bar is the sign of buyer’s strength and a bearish pin bar signals the strong selling pressure of a certain security. Based on the formation of pin bar, you will find 3 types of valid pin bars in a price action chart. 1- Standard Pin Bar: The first type of pin bar is the standard pin bar, this types of pin bars contains a real body and a long tail. They are the strongest than other two pin bars. You will see no extra shadow or wicks attached to the real body of this types of pin bars. 2- Pin Bar with extra shadow: The second types of the pin bar, is the pin bar with a nose or extra wick attached to the real body. These pin bars are also called as the hanging man. This types of pin bars shows less strong market momentum than the standard pin bars. The nose above or below the real body indicates the opposite directional force and hence shows weakness of the pin bar. 3- Pin Bar with no real body: This type has no real body but a tail. That means the opening price and closing price of the pin bar is same. The signal strength of this types of pin bar is very week. If you can find a strong bullish or bearish candle after these types of pin bars, then this patterns gives a very strong trading signal.
Education
by Anbat
Top 10 Patterns (Triangles) #6Triangles: Example of bearish triangle on daily AudJpy chart Triangles are also continuation signals like rectangle patterns and flags. Triangle patterns are three types: ascending, descending, and the symmetrical triangle, which is the most common of the three. Ascending and descending patterns are similar to each other. The only difference is that the ascending triangle has a flat upper trend line. In contrast, the descending triangle has a flat lower trend line. The symmetrical triangle has the unique ability to form during both up trends and downtrends of the market, and it appears with converging trend lines. Confirming a continuation is also very simple with the symmetrical triangle as breakout points of the lower trend line during a downward trend is enough indication for the continuation of that downward trend. Similarly, a breakout of the upper trend line during an upward trend is enough indication for the continuation of that upward trend.
Education
by Anbat
Top 10 Patterns (Ranges or Rectangle) #4On 1 hour GbpChf example- sideways, rectangle, box or ranging price action- do not trade this. This is where a lot of money is lost by retail traders. Now the rectangle is not a reversal pattern like the previous entries on this list. Instead, it is a continuation pattern, which means that it is generally used by traders to confirm whether or not a particular trend should go on. You can either find a bullish rectangle or a bearish rectangle depending on the circumstances that create them. For example, you will find a bullish rectangle during an upward trend and a bearish rectangle during a downward trend. It essentially depicts a trading area where the bulls and the bears compete with each other where they bulls push the price up when the price nears support. The bears move the price down when the price approaches resistance. Look to trade either: Breakouts or Breakouts and then pullbacks to enter any new trades. Chart example showed a 1:2 or 1:3 risk reward setup. Be picky and be patience in the FX trading world.
Education
by Anbat
Fighting the need to be right in the marketsIn most industrial countries the educational system was created not to truly teach students, but to generate good workers for factories and other companies. Yes, we want these highly trained individuals to be able to think critically and generate new ideas. However, we want them to be excellent employees who follow the boss's instructions. So, how do we do that? We do it through our educational process where children learn that the teacher is always right. Children attend school for 12 to 16 years, and it is often reinforced that the instructor is always correct. For example, as a student, you are required to take tests. You learned that if you get fewer than 70% of the questions correct, you are a failure. "Why didn't you receive 100?" your father asks when you show it to him. So, your father expected you to be correct as well. As a result, we have a strong desire to be correct. If you don't get it correctly at least 70% of the time, you're labeled a failure. However, you want to be correct 100% of the time so that your father does not criticize you. As a result, you begin to criticize yourself first in order to solve the problem before your dad does. Let's take that and apply it to the stock market, futures market, or any other investment you could make. You want to be correct, and that to you means making money. Let's assume you buy a stock for $100 and know how to establish a stop loss: if it drops below $95 per share, you'll sell. Let's assume the price falls to $95 per share. You really want to be right, so you'd be wrong if you got out, or at least feel like you were. Your mind races with ideas such as, "It's simply a temporary setback." "Analysts expect a significant boost in earnings this quarter; I'm reluctant to sell at this time." "What if a few traders are manipulating the downturn?" So you hang onto the stock and watch it fall even further. It drops to $90. Now you have a 2R loss. If it was hard to take a 1R loss, it’s even harder to take a 2R loss. And all the same, arguments apply. Thus, you hold onto your stock. Now the stock drops to $85 and you have a 3R loss. You know you really should get out, but now your portfolio is down $4k and you can really write off $3k in losses, so you’d better keep this stock. You know it will turn around. Now you know why a psychologist and an economist won the Nobel Prize in economics for basically showing that it was very hard for people to take losses. People according to those Nobel prize winners become much more “tolerant of risk” when they are behind. The Nobel winners also showed that people tend to tolerate little risk when they are ahead, making it difficult to let profits run. People tolerate risk more when they are behind (i.e won’t cut their losses) and tolerate risk less when they are ahead (i.e they won’t let their profits run). So what can you do about your need to be right? Instead of focusing on being right, focus on not making any mistakes, whereas a mistake occurs when you don’t follow your rules. Your rules should be the golden rules of trading (previous article material). If you consider breaking these rules as being wrong (i.e., making a mistake), you’ll find that suddenly you can make money in the stock market or any other investment field. In short, you must think in terms of probabilities and statistics. As a result, you can pay attention to just following your system, and making as few mistakes as possible, because when you do that, you “know” what your results will be in the long run (knowing the expectancy of your system). Trade with care. If you like our content, please feel free to support our page with a like, comment & subscribe for future educational ideas and trading setups.
BINANCE:BTCUSDEducation
by financialflagship
30
MACD - Lesson on what it is, how to useHere’s the basics of a MACD – I will say, I personally don’t use it, but I know it’s a popular indicator amongst newer traders. What is a MACD? A fairly straightforward indicator that calculates the difference between two exponential moving averages – of course this can be tweaked and modified but the standard settings seem to be 26 day and a 12 day. Moving average convergence divergence (MACD), invented in 1979 by Gerald Appel, is one of the most popular technical indicators in trading. The MACD is appreciated by traders the world over for its simplicity and flexibility, as it can be used either as a trend or momentum indicator. Click on the image for the lesson on MA's. The 12 day is considered the fast one and the 26 the slow one – so when people refer to a fast or slow line it is to this they are referring. The calculation is then done on the closing price of both EMA’s. The second measurement is known as a trigger – see image for the 3 components (in orange) the trigger is often, a nine-day EMA of the MACD itself is plotted as well. Histogram - The MACD histogram is an elegant visual representation of the difference between the MACD and its nine-day EMA. The histogram is positive when the MACD is above its nine-day EMA and negative when the MACD is below its nine-day EMA. If prices are rising, the histogram grows larger as the speed of the price movement accelerates, and contracts as price movement decelerates. The same principle works in reverse as prices are falling. How to use it? The MACD generates a bullish signal when it moves above its own nine-day EMA, and it sends a sell sign when it moves below its nine-day EMA. What does this mean? Because there are two moving averages with different “speeds”, the faster one will obviously be quicker to react to price movement than the slower one. When a new trend occurs, the faster line (MACD Line) will react first and eventually cross the slower line (Signal Line). When this “crossover” occurs, and the fast line starts to “diverge” or move away from the slower line, it often indicates that a new trend has formed. This in essence is Divergence… What you will notice here in the recent Bitcoin move; is when the cross happened the price fell. But unfortunately, the divergence trade is not very accurate, as it fails more than it succeeds. So, it’s not as easy as plugging in a MACD and running with it! The MACD histogram is the main reason why so many traders rely on the indicator to measure momentum, due to it responding to the speed of price movement. Many traders use the MACD indicator more frequently to gauge the strength of the price move than to determine the direction of a trend. In the image below; I have removed the EMA’s and kept only the histogram to show the example. You will see that from point A to B on the chart and how it is represented in the histogram & then again from point C to D – both showing bullish momentum from a low point. And in this example below; the Histogram shows more negative strength from X to Y. The Truth No indicator is perfect – no trader is perfect; two wrongs won’t make it right. Some traders swear by MACD and others avoid it. The one thing I can say, is if you keep to its rules then you could make it work for you. Using the indicators histogram over price or entries with Divergence might be what your looking for, then MACD is useful. But don’t rely on especially as the only entry/exit tool. Why did I write this if I don’t use it? Like many indicators, they are lagging – the issue is most educational content online shows MA’s, MACD’s, RSI. Newer traders assume there is some holy grain in terms of indicators. There isn’t – all of what indicators say, can be seen in price – after all it’s what they are calculated on. I’ve written this to highlight the logic of a MACD for newer traders looking or using it. To at least highlight what it is your looking at. Hope it helps somebody out there! For more educational content, see the links below in "related ideas". Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSDEducation
by Mayfair_Ventures
8
How to make money with price actionSo you want to get into price action? Not fundamentals ey. But then one HAS to do all this backtesting, there is no dodging it. Can't go into "TA" to dodge the FA work, and then want to also dodge the stat work xd No magic trick here. Let's get started immediately. EURUSD 2020 covid trend (can't 100% dodge fundas, always good to know why we're going in a direction): EURUSD 2018-2019 "thing" (trade war uncertainty and erratic tweets): EURUSD 2017 trend: We are starting to see trends last 1-2 years in recent history, so not much point looking at a 5Y chart. It's also silly to be super zoomed in on some "intraday" or "swing trading" chart with no clue what is really going on. EURUSD 2015-2016 ranging 2 years: EURUSD 2014 violence some may remember: Day gamblers looking for "10 pips" that hold bags were happy to go through a 3500 pips loss. Still has not recovered. I can only imagine the incredible pain loss averse gamblers must have gone through. The pain not only never ends but it just keeps getting worse and worse and worse. Just no chance to breathe, only unbearable pain. Well that's interesting, why am I licking my lips? EURUSD in 2012-2013 does not look very fun: EURUSD 2011 downtrend Hey, starting to see some recurrent things here... EURUSD 2010 uptrend Backtesting tip: Doing it while playing a turn based game (alt tab between turns), or watching something that requires little attention, working out (between sets), "afk farm" games too... No one lasts with "motivation", we all have to find tricks. EURUSD 2010 downtrend And before that, we go to the 2000s era where FX was popular with hedge funds and trends lasted more than 1 year. 2008-2013 saw most FX funds disappear. Another tip: Maybe fundamentals can help predict when a trend will last, and avoid failing on this sad 3 impulses downtrend. It worked for the Yen a few years ago when the BOJ almost literally told traders "Hey if you short our currency we will give you money". And another tip: Eyeball backtesting. Have an idea? Want to know if it is worth digging in? Well don't just go full fanatical try hard! Do not spend hours and hours writing every detail in excel. Eyeball it with approximate numbers. Takes seconds. Then 2 choices appear: - Onto something ===> Go for the details - Nah it's nothing ===> Congratulation you did not waste tons of time on nothing (small time loss) Limiting losses, it's also valid with your time. How about I go look at the GBPUSD in the 80s ey? GBPUSD downtrend in 1980-1981 Aaaaaaaaaaand same story as usual ;) Repeat this 10 times, for a total of about 100 excel lines and ~25 trends. Then write some rules, and go backtest them on other charts. Because yes, the major currency pairs (USD, EUR, JPY, GBP, AUD, CAD, CHF, NZD, CNH, MXN, SEK) more or less work the same, but don't take my word for it. Choices appear. Does the aspiring money manager want to only go for 3 impulses? And then miss all the big winners? Does he want to sacrifice winrate for bigger reward to risk ratios? Does he want a higher winrate (noob). Sometimes there are 5 impulses, does he (or she) go for 5? Or consider it is worth it to give up some winners? Weak hands or strong hands once in a trending winner? Most people have weak hands with winners but doesn't mean one has to absolutely ALWAYS hold. Holding all the time and letting it retrace hard would probably be a mistake. The noob that took the time (really it would barely take a few days of honest work) could already get started. I said get started, I don't know if it would make money. Maybe? Clearly 2R is a beginner thing. What if you could get 38% winrate with 2R and 22% winrate with 4R! Clearly worth it, but as always the majority of people are loss averse and choose the bad choice, trading is just not for them. One has to some stats, have a good working memory for many reasons, be able handle numbers like "I3 - .6 - Fast - EURUSD" (2 variables 2 constants). If someone cannot quickly juggle with numbers this is the wrong job. The variance is important for example, if an average pullback is .5 but 45% are in the .25-.45 range, and 45% in the > .8 range, here there are 2 groups to separate. Obviously here we would want to only go for the .25-.45 range, get a 4 or 5 or even greater reward to risk, let losers chase high winrate with gigantic stops. If 30% of the time the price bottoms in a .2 range and extends 1 at least, here that's a 5 risk to reward on double the breakeven winrate. Then what happens to the 70% who cares? A few bottom further away, a few turn into a new opposite trend, a few go sideways, they all stink. All for illustrative purposes, but it's typically what happens. I don't really know. What about some ways to increase the winrate, tips, and for those that have a hard time sticking to rules, especially cutting losses and holding winners? Surely, Mr Renev that said motivation did not work knows some tricks to fix all of that. Find tricks... I know no tricks in fixing gross mediocrity, just follow the rules, non negotiable. It's really simple. Can't do it ==> Wrong job. Can mediocre make money? I don't know I do not deal with mediocre. Also we can try to zoom in, but ideally only after having mastered the timeframe presented in this article. This is what I do, I zoom in. Let's take my 2020 idea "The pound is a 500 years old ponzi going to zero" So here is the full chart (1 year): Go H4 on I3: Then we can even go to H1: The target is 450 "pips" which for GBPAUD is in the 1 week ATR range, but better than the average. In a recent "tips" idea I showed: - Day gamblers working on a 8 hour ATR realistically need a PF of 1.15 (very best scenario) - 1.25 just to breakeven! - Swing Gamblers on a 2D ATR need a PF of 1.05 on EURUSD to breakeven. - And I won't look at scalpers because they can't possibly be serious. I think they are actually trolls. With this weekly ATR a PF of 1.02-1.03 is the breakeven rate. I am not bleeding much money compared to going long term. Day gamblers miss out on so much, AND they need an exceptional profit factor, ok not that amazing either (for day gambling it is) JUST TO BREAKEVEN. All that wasted money, how does it not drive them nuts? They're just throwing away a 20% margin. I just want to pull my eyelids out. To make money with Forex, many questions will have to be answered, and for this only one way, as we say in France "Va falloir aller au charbon!" (literally "Have to go to the coal"), means it will take time and effort and actively getting things done. So many questions: What trends can be eliminated? What trends SHOULD be eliminated? What impulses to go for? What is the optimal WR & RR compromise area? Do I just go for ABC first? Where to exit? What are solid Support and Resistance? Do I go for uptrends starting from a multi year low only (to dodge ranges)? How many ATR are each wave? What does 2 extend to? What other questions could I ask? How do I get inspiration to find more questions? Do I exploit this strategy enough? Can I optimise it more or should I look for something else? Hey and each of these questions will direct to more questions. "When I have this, this, and this, where do I exit". Like "Where I'm in the presence of a creeper trend", "fast trend", "clean trend"... Each trend has its own set of questions, all the same I listed, plus a few specific ones. It is essential to approach the study of markets in general and charts more specifically in manageable chunks. All while following economic news and checking on charts regularly. A day that makes sense could be one with 4 hours of backtesting, 4 hours of analysing charts, 4 hours of "fun" watching videos and reading and writing (all about investing), and 4 hours of time to eat and do unrelated stuff. All of this for 1 simple strategy. Answering these questions is a task to accomplish over years.
Education
by MrRenev
10 free trading tipsTip 1- Use statistics to avoid bad setups, and enter and exit at high probability areas Example: Wanting to join an early trend on a pullback? It probably is a bad idea to enter before 50% retrace. Elliott rules even say wave 2 typically retraces to 78.6%, so it's probably a good idea to wait for a big retrace before going in. Of course, and this could be another tip of itself, Elliott never made money investing, so it's best to learn from the charts than him. Tip 2- Use the daily chart, or more precisely the 6 months to 5 years chart By studying the charts one quickly learns that price evolves on the "daily chart". By this I don't mean the candles absolutely have to be 1 candle = 1 day, as long as depending on several factors 6 months to 5 years of price data are visible. Typically I go for about 2 years, and clicking on "D" is what looks best. Plus humans are on a 24 hour cycle, so daily candles just makes sense. Some people can't stand noise and just look at moving averages. Tip 3- It is probably a good idea to not try to join very extended trends on a pullback When an extended trend finally has a pullback, it's often going to be a big one. We all heard over and over some numbers such as "1.618". If 90% (totally arbitrary number) of EURUSD trends that make it to 2.618 and pullback end up reversing, and only 1% make it really far, you sure you can get a 1 to 100 risk to reward? Some areas might be best to avoid. In all competitions champions find all the tricks to make it as easy as possible. That's how one becomes the best. Not by being a complete idiot that goes straight ahead tries to brute force. "I die, yes, but with honor!". No no, no honor, you die like an idiot the enemy is laughing at you, and your village will get raped and burned to the ground. People love to be hipsters. I prefer to win, to crush the competition. Tip 4- You already heard this: Cut losses, hold winners, be disciplined Are bagholders hipsters, or just weak? Clearly all the "diamond hands" are simply weak cowards that piss themselves at the idea of taking a loss. I do not want to waste too much time on this one, a very easy way to gain a huge advantage over the competition. Just careful beginners with huge rewards and tiny stops. Greedy stops won't lead to great profits, but to death by a thousand cuts. Tip 5- Do not daytrade, day trading is stupid Ah the day gambling hipsters. "I'll be the one in a hundred that makes it". Even roulette and sports betting have better odds. And the 1 in 100 that make it, assuming it's not just luck, make PEANUTS. They'd earn more flipping burgers. As I explained, price action is based on the "daily" chart. Trends last months, they can be divided in smaller moves that last days to weeks. And the price, as I also explained, reacts around these daily chart swings, and daily chart extensions. Another reason why daygambling is so troll. And since day gamblers "close at the end of the day" (vomit) you could be right and lose money! You could be wrong and lose money! So even if they have some edge, they add enormous randomness (and ruin an edge) because there is a time factor we have no control on, they'll close before bed at a completely random price, just because "the day is over". Same concept as the binary option scam that got banned. That's literally gambling! Oh and when they "close at the end of the day" 🤢 they will be making even less than 15 pips, with spreads still the same size. Tip 6- For the noobs: Start with something simple that works and conditions will be added over years I think the best course of action would be to go for the basics, something that is expected to work, going with the trend, not focussing too much on the entry, having a reward better than the risk but not too tight (greedy). And with time improve it. It's like making muscle. If you stop trying to be a hipster and just do what you are been told (don't daytrade, don't hold losers, don't go against the trend), after the initial learning curve (1-5 years, sorry for the dreamers/gamblers) on year 1 you gain 7.5 kg muscle (7.5% returns), year 2 5 kg muscle, year 3-5 5 kg muscle, year 6-20 maintain, maybe small additional gains. Guys like Bill Hwang have shown someone could be a self-made billionaire making 60% a year, so these numbers are just illustrative. The idea is traders develop over time. All the famous ones really got good after several years, and peaked decades after they started. There are no steroids in trading. Ok I guess there are, those would be insider trading, but this isn't easy to access, and a crime. Tip 7- Noobs again: use indicators if you want too, but don't waste time trying to look for indicator edges If you think indicators look good then use them, but don't waste too much time looking for an edge. We'd know if there was one. Don't be lazy, when starting one probably should spend a little bit of time backtesting indicators, and quickly will find out there is nothing of value, no edge based on the indicator itself. And then they can look for something else with a clear head, without wondering "did I miss something". Tip 8- Beginners or intermediate traders that are not yet profitable: Don't aim for huge asymmetric risk to reward You look at charts, there is volatility, in the real or original sense of the word. Trends have plenty of pullbacks, 23.6%, 38.6%, 50%. You might have noticed those were quite significant pullbacks. Not tiny 5-10% pullbacks. So how does a risk to reward of 1 to 20 or 1 to 10 make sense? And how is someone not yet experienced, not even profitable, going to pinpoint exact high and top? I know NO ONE that can be that precise. When George Soros broke the bank of England, he sold at the upper end, and had a large risk to reward. Correct me if I am wrong but he sold for 10 billion, made 1 billion, and said his risk was below 2% (200 million). That was the trade of a lifetime and his reward was 5 times his risk "only". I think he said his hit rate was below 30%. I doubt he typically takes trades with a risk to reward of 20. Or ever. Maybe there is an edge out there, with 100 RR, who knows? But I think it is more reasonable to start with something between 1.5 and 3. Tip 9- Strong trends are the best, pretty obvious but people seem to avoid these On strong trends retail positions are massively on the wrong side, some sources show the percentage of positions and some show more. The very few traders that are in the correct side have tiny gains, out of hundreds of thousands of accounts the people going in the correct direction and holding can be counted with 1 hand. Makes me feel very special. 1 in a thousand. Even 1 in 10,000. It's really simple too. I was tired of try harding 2 years ago, and I just yolo'd in trends, and it worked out. And last year I repeated it, and it worked again! So I focussed on that, and added a strategy to my arsenal. I call it "breakout" but there's really 2 strategies and one of them is not a breakout at all. I wish I started with this, because it is a real goldmine. Not just the easiest, but most productive too. And I'd build the other strats later. When I started I quickly noticed big patterns that flashed in my eyes, once you see them you cannot unsee them, so I went in that direction, obviously. If you're onto something do not spit in the soup! But if you have a choice, let's call it that, I encourage everyone to aim in the direction of trend following! It's well worth it. If you want to make money. For those that would rather be hipsters, well, have fun. Tip 10- Breakouts! Strong trend breakouts! Be patient And final tip, with breakouts in strong trend, they very very often don't go anywhere. Best way to lose money is to fomo. I'd rather miss out. So the trick is to have a condition like this: "It has to go far enough." Or it can go like this: "I want the price to remain above the previous high", that's not realistic, so it could be "I want 2/3 of the price to be above the previous high, and then to double bottom with the high of the bounce above the previous high", which is more reasonable. This is all just my personal opinion, I do not offer refunds. And it is all specific to Forex. Do you own research. With the charts. All praise the charts. Glory to the charts.
Education
by MrRenev
3
How To Trade The Black Crows PatternCriteria • Market in uptrend • Three long black candles (or red) • Open of last two within, or below, prior black real bodies • Each candle closes at, or near, its low Market Implication Top reversal Support or Resistance Not used as resistance How To Trade: 1) Right after completion of 3rd red/black candle place a sell order with stop loss and target. Noted chart example would have taken 4-5 hrs to hit target, with an almost 1:3 risk and reward setup.
Education
by Anbat
Trade Smarter Not Harder!!!On this GBPCAD 4 hour chart what do you see? I see largest moves from 2 a.m. to 10 a.m. ( 8 hours) per day. * This is 4th and 5th- 4 hour candle on chart- you could go to hourly to set entries on any trades. You need to ask yourself how can I catch the daily trend and make 40 pips to 80 pips daily on this pair? Break it down, risk management, lot size, etc... If I use 4 hour chart, can I catch the trend with a larger stop loss and higher target, make sure you have a 1:2 or higher risk reward set up. So, could be 20 pip stop vs 40 pip target or higher per trade. If you look at any 4 hour pair, you will notice when they move and do not move- just wait for trend of daily- do not trade side ways (unless you do that). Also, before trades look for four things: 1) right pair 2) right price 3) right session 4) right time * If three or four of above align up, then think of setting up a new trade.
Education
by Anbat
How to use the Crypto Sniper indicatorJust a simple tutorial on how to use the Crypto Sniper indicator. Rules 1. Wait for the entry Long/Short signal appears 2. Use the ATR take profit or stop loss as a trailing stop or to close your position 3. Use the exits signals to close partially or entirely your position 4. You can enable the additional entries where you can add more to your position following the trend 5. Any market or timeframe will work 6. Specially designed to scalp trade on cryptocurrency futures
Education
by ThiagoSchmitz
2
These 4 Reversal Candlestick Patterns (Know Them)Please google, you tube or PDF all of these following FOUR candlestick reversal patterns, so you can win at trading Forex. (look at them on chart too) 1) Harami candlestick pattern- Bearish or a Bullish Harami, the pattern will contain two candles and the second will be smaller than the first. Harami actually means pregnant woman in Japanese, which makes sense when you consider this signal's shape: the second candle is enclosed within the body of the first. You can think of the second candle as the first candle's baby belly! 2) Pinbar candlestick pattern- A pin bar pattern consists of one price bar, typically a candlestick price bar, which represents a sharp reversal and rejection of price. The pin bar reversal as it is sometimes called, is defined by a long tail, the tail is also referred to as a “shadow” or “wick”. The area between open and close of the pin bar is called its “real body”, and pin bars generally have small real bodies in comparison to their long tails. The tail of the pin bar shows the area of price that was rejected, and the implication is that price will continue to move opposite to the direction the tail points. Thus, a bearish pin bar signal is one that has a long upper tail, showing rejection of higher prices with the implication that price will fall in the near-term. A bullish pin bar signal has a long lower tail, showing rejection of lower prices with the implication that price will rise in the near-term. 3) Engulfing candlestick pattern- The engulfing candlestick patterns, bullish or bearish are one of the easiest of candlestick reversal patterns to identify. Because these candlestick patterns are two-candlestick patterns, they are more valid and are often looked upon as reversal patterns. As with any candlestick pattern, the bullish or bearish engulfing pattern takes more priority depending on the time frame that they are formed on. 4) Doji candlestick pattern- A Doji is a candlestick pattern that looks like a cross as the opening price and the closing prices are equal or almost the same. When looked at in isolation, a Doji indicates that neither the buyers nor sellers are gaining – it’s a sign of indecision. There are different types of Doji candlestick patterns, namely the Common Doji, Gravestone Doji, Dragonfly Doji, and Long-Legged Doji. Before acting on any signals, including the Doji candlestick chart pattern, one should always consider other patterns and indicators. All of these can not be traded ALONE, but need other confirmation too trade. Like at supply and demand, in golden zone of fib (50%-62% area), etc...
Education
by Anbat
Basic Market Maker 24 Hour CyclePlease see hourly example chart of Basic Market Maker 24 Hour Cycle: EurChf (1 Hour Chart)*Learn this 24 hour cycle if you scalp or day trade. 1) Tokyo- consultation 2) London- expand the range 3) New York- trend of day *then price action repeats same cycle over and over..just there are different varieties of this cycle- so retailers need to be aware of these changes, on higher time frames of 4 hour, daily, weekly and monthly. On attached one hour chart: You had three chances to sell EurChf during to days Marker Maker cycle, with proper risk management and stop loss. In a downtrend, sell on a previous buy candle (green or blue on chart)- let price action comes to your trade, never chase a trade.
Education
by Anbat
HOW TO: Trading the WallStreetBets Stonks with Cascading StopsHadn't seen any videos of anyone doing something as silly as this (which of course fits into the WSB philosophy) so thought I'd make a video of it and share it in case it amused or inspired anyone else. Just something I have been having a bit of fun with over the last couple of weeks. You could do this with any broker, but I REALLY like the simplicity of doing this all within TradingView and using TradeStation as the integrated brokerage free broker. Note: You would not do this if you were paying brokerage. What I do is: 1. Create a list of WSB type stocks. 2. Watch in the pre-market to see which ones are getting the attention. 3. Try and buy as early in the move as your broker allows. 4. Add a stop loss a bit below your buy price - eg 5% or so. Nice and tight. 5. As the stock price moves up, start to break down your stop loss into lots of mini stops. Idea is that as the stock moves up, you are moving your stops up, BUT rather than one big stop that gets your whole holding exited, you can place lots of smaller stops (even place some ahead of the price) so that as volatility happens you auto exit some of your position hopefully taking profit along the way. Rinse and repeat. Definitely NOT trading advice. As before, it really is a silly idea, but hey its also a bit of fun for now and seems to work reasonably well for these kinds of stocks that spike big in one day and then start to equally quickly pull back. Might be better to simply buy and hold them, but you never know when they will inevitably come crashing down, and more so which one is going to be the focus of the day. Like and subscribe if you like it. One of those videos you can skip through once you see the initial concept...
NASDAQ:CLOVEducation
by zAngus
104
Some Rules To Improve Your TradingGuild lines For Forex Traders In the following chart, listed some rules that can help investors improve their investment decisions. These guidelines come from experience and not necessarily based on new theories. 1) Know Yourself (scalping, day trading, swinging- what is your personality?) 2) Put Your Ego Aside (FX has a 6 trillion dollar per day rollover in money- it does not care about your ego, so leave it out of trading). 3) Hoping and Praying Do Not Guarantee Success. ( 50% of trading is from neck up other 50% of trading is preparation and planning) 4) Learn To Live With Losses (No system, plan, edge or strategy has a 100% win rate)- use risk engagement always when trading). 5) Never Double Losses( if trade is going wrong direction, do not keep moving stop loss further and further- just expect loss and move on) 6) Know Your Pain Level ( How large is your account? Using 1% or 5% per trade? What is a pip worth of movement? stop loss and target) 7) Diversify The Risk ( You could only trade one FX pair always, or maybe only around 100 ADRs (which I do)- around 8 to 10 per week) 8) Making Money By Trading Is Hard Labor/Work (You can slowly grow account, compounding, lot sizes, etc... but no Lambos without the hard work). 9) Intuition versus Execution of a trading concept/strategy (Demo versus Real trading is 100% different. Why? you have real money). 10) The importance of a trading plan (Keep your trading plan and edge simple- put it all on one 4 x 4 note card)- Simple works in FX trading) 11) Feel comfortable with your trading strategy (back test any strategy at-least 100 times on TV or a FX simulator program) 12) Nothing is more important than discipline (In life discipline and patience will get you further then wanting everything today or yesterday). 13) Value your trading concept (You need to be confident your strategy works even after a string of losses) Remember the following four items before entering any new trades: Right pair, Right price, Right Session & Right Time. Also, win big, win small, lose small but never ever lose BIG.
Education
by Anbat
Do You Use A Systematic Approach?Making money with a systematic approach requires obeying the following rules: *See hourly EurCad example chart (can you do that?) • A systematic trading approach, tested on historical data, should be executed with precision and accuracy (if possible, a computer should generate the signals). • Although we concentrate on pattern recognition, candlesticks, and Fibonacci ratios, other tested strategies should work as well. • The portfolio should have 5 to 10 Forex pairs or products that are all analyzed using the same trading approach. • Long and short signals should be allowed. • Each position should be protected with a stop-loss. • The profit target should be known once the position is entered. • Each product should have a historically good trading range. I Use around 100 ADR pairs (now most are GBP and Eur ones) Each trading strategy should perform in real-time trading according to the philosophy behind the trading concept. For example, a long and flat strategy cannot make money in bear market conditions, but it should make money in bull markets. Find your trading edge and follow a plan for every individual trade you make. Mine includes: scalping or day trading on hourly, 4 hourly or daily time frames, trading from end of Tokyo to end of London (high liquidity and volume), setting stop, enter and take profit on all trades (be patient and not greedy).
Education
by Anbat
3
Power of compounding interest, but why do traders still fail ? Hello everyone: Welcome to this quick educational video on Compounding interest in trading. Today I want to break down the benefits of compounding a trading account while keeping good risk management at bay. The reason why compounding interest is so lucrative is due to investing interest on top of interest, and your trading account can grow much faster than traditional investment returns. The important note is that, by having strict risk management rules, proper trading plan, the account can grow over time. But why do many traders fail to do so ? Let's take a deeper look into this: Many new/beginner traders often get involved in trading due to its profitable potential. However, most of them do not learn about risk management, trading psychology on mindset and emotions. They tend to over trade, over leverage their accounts in hope to double it in a short period of time. This almost always leads to traders to blow their accounts, and re-deposit more money to “chase/revenge” their losses, and the cycle continues. The truth is, growing the account by compounding can eventually double a trading account, but only in time and with strict risk management rules. However, the greed, emotion and mindset often become the tread stone for the traders’ success. It's important to understand that having a consistent, sustainable approach in trading can lead to profits and growth over time, but it's not something that is instantaneous, which is what most new/beginner traders often misunderstood. This can be due to social media, and lots of typical trading “guru” out there promising guaranteed results and easy money. Take a step back and think about compounding interest in time and scale. 5-7.5% return per month may not seem much for a small trading account, but it is sustainable and consistent by not over-risking and over-trading. In time when the account is at a larger scale, a few % return with compound effect in a year can generate very sizable return and growth. In today’s trading industry, there are many prop firms out there that allow you to trade their funds, if you can be consistent and sustainable. Understand these firms are not looking for traders to double their larger capital, rather, to have consistent return and proper risk management. When you can prove you can be consistent to compound a small account, then when you actually do trade a larger account, the % return would be the same. Last Note: Build up the right habits from the start. Your job in the beginning of trading is not to make massive returns, rather to focus on risk management, control emotion, and understand trading psychology. Once all these are checked, then you will be miles ahead of other traders who are still struggling to understand the concept. Any questions, comments or feedback welcome to let me know. Thank you Jojo
BITSTAMP:BTCUSDEducation
by jojofang0901
149
BASICS OF SAVING & INVESTMENT | RULES YOU SHOULD NEVER BREAK Debt and living on credit is a universal norm . While the "wisest" among us are trying to persuade themselves how they "hack" the system buying on credit card smartly, the richest among us keep following totally different commandments . You must remember that debt makes you dependent , it makes you submissive to the system. To become truly free and wealthy, here are the simple rules that will change your life if you follow them: 1 - Spend less than you make 2 - Do not save what is left after spending, but spend what is left after saving 3 - Invest the rest in the industries that you understand 4 - Never borrow to invest 5 - Stop trying to get rich quick 6 - Never let your emotions intervene 7 - Patience pays The rules by themselves are very easy and straightforward, however, most of us are not disciplined enough to follow. Learn them, try them, practice them and one day you will become free! ❤️ Please, support my work with like and lovely comment !❤️ It truly helps! Thank you!
COINBASE:BTCUSDEducation
by SignalProvider
18
BASICS OF SAVING & INVESTMENT | RULES YOU SHOULD NEVER BREAK Debt and living on credit is a universal norm. While the "wisest" among us are trying to persuade themselves how they "hack" the system buying on credit card smartly, the richest among us keep following totally different commandments . You must remember that debt makes you dependent , it makes you submissive to the system. To become truly free and wealthy, here are the simple rules that will change your life if you follow them: 1 - Spend less than you make 2 - Do not save what is left after spending, but spend what is left after saving 3 - Invest the rest in the industries that you understand 4 - Never borrow to invest 5 - Stop trying to get rich quick 6 - Never let your emotions intervene 7 - Patience pays The rules by themselves are very easy and straightforward, however, most of us are not disciplined enough to follow. Learn them, try them, practice them and one day you will become free! ❤️Please, support my work with like and lovely comment!❤️ It truly helps! Thank you!
COINBASE:BTCUSDEducation
by SignalProvider
8