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Discipline Over Motivation – The Key to Success in TradingMotivation gets you started, but discipline keeps you going. In trading, the difference between success and failure is often your ability to stay consistent, even when things get tough. Always remember: ➡️ Losses are temporary, but quitting is permanent. ➡️ Small, consistent progress beats impulsive big wins. Discipline is the bridge between your goals and your results. Stay disciplined, and success will follow! Feel free to share your thoughts or your favorite trading mindset tips in the comments!
ICMARKETS:XAUUSDLong
by Safaric
1
"Bitcoin to $100K by 2024? Here’s Why $270K by 2030 Isn’t Far OfBitcoin is dancing around the $61K mark with intense volatility, but here’s where it gets exciting. I predict BTC will skyrocket to $100K by the end of 2024, riding the wave of bullish momentum from the upcoming halving event. Looking even further ahead? With institutional adoption ramping up, we could be staring at a jaw-dropping $270,593 per Bitcoin by 2030. This could be the start of something huge—what do you think? Let’s spark the conversation!
COINBASE:BTCUSD
by IPatrice
EURUSD → Day Analysis | Sell SetupHello Traders, here is the full analysis. Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
Bitcoin:Monthly chart ViewHi guys. Hope you have had perfect trades. In this idea i will share you some TA perspectives about Bitcoin Longterm reactions according to historical datas. As you can see each time the price reached the MA50 , made a trough below it and then come back above. Now we can se in Monthly chart that after price shaped a Bottom under MA50 , it tries to come back above with a Bullish Engulfing pattern. after that we surpass MA50 with another white candle and now , Unfortunately we have some frauds in market. (China Evergrande Group bankruptcy and Tesla sold millions of BTC). So in my opinion after a few weeks , Bitcoin start to continue its smoothed run and go towards 36000. its the level we will see at the end of 2023. after that... Lets see what will happen and dont predict far futures :) If you like my opinion please tell me yours in comment. Thank you all my friends
BNC:BLXLong
by TraderAmin-KZ
6
GBP/USD: 12/05. Buyer's OpportunityGBP/USD remains on the defensive near 1.2530 even as it renews the intraday high ahead of the all-important UK Gross Domestic Product (GDP) data early Friday. Not only positioning ahead of the data, but optimistic market expectations and fears of a positive surprise also allowed the Pound to ease its recent losses. GBP/USD trades near the lower limit of the ascending retracement channel, currently at 1.2560. The 50-period simple moving average (SMA) also consolidated that support. In the event that the pair confirms it as resistance, then 1.2530 (100-period SMA) would align with the next downside target ahead of 1.2510 (psychological level, static level) and 1.2450 ( 200 period SMA). On the other hand, 1.2680 (static level) forms temporary resistance ahead of 1.2670 (midpoint of ascending retracement channel). A close above the four-hour close could attract buyers and prompt another move higher towards 1.2710. OANDA:GBPUSD
Long
by DNA_TradingFX
GOLD 09/05 - BUY force is still strongI WAIT FOR GOLD TO BREAK THROUGH THE 2034 RATE AND CONTINUE ADVANCE TO 2040, 2045 IS MY FINAL GOAL. The world gold price today increased slightly with spot gold increasing by 5.9 USD to 2,021.5 USD/ounce. Gold futures last traded at $2,029 per ounce, up $4.3 from dawn the day before. Last week, gold pushed up to $2,085 after the US Federal Reserve (Fed) decided to raise interest rates by 25 basis points and switch to a more neutral monetary policy. With the new data released, analysts have reassessed that the central bank will not be able to pivot and cut interest rates in this environment. Gold prices fell sharply as market expectations about interest rates continued to change. I will activate the buy breakout strategy when it breaks out of the 2034 zone and closes the candle above it Next I will activate the sell strategy at 2045, 2048 Sell Gold 2045-2048 Stoploss 2054 Take profit 1: 2040 Take profit 2: 2035 Take profit 3: 2020
TVC:GOLDLong
by DNA_TradingFX
3
A Chat With Traders: Traders And Psychology With EnochEnoch Baz, the 19-year-old, who literally pays his mama’s bills with: forex trading. Baz is a penultimate student of Architecture in Nigeria. He started forex because according to him, “it’s the only way I can work minor and earn major from home”. Enoch is an indices fan as he says, “that’s where the money is for me (lol). Work less, earn more.”—US30 and S&P500 do the trick. Chatting with Baz made me realize his undeviating and unswerving approach to trading these pairs. “I trade against Supply and Demand zones looking to be Liquidated and Mitigated”, he utters. The trader also advances to explain this strategy. To Enoch, It’s more of combining Zone to zone with smart money trading (institutional trading)”. In addition, he got introduced to Forex in October 2018, after he graduated High-school—by his cousin who’s not a trader currently. Albeit, he took it seriously in 2019. Enoch started off making researches and reading multiple PDFs in his genesis. Enoch And His Trade Management Hello Baz, so, how do you manage a trade when in it? Yeah, before I hop into any trade, I have 3 goals: Firstly, I close with big profits, secondly, small profits, and lastly small loss. Either way, I let my trade run. After I’m in—I go ahead with my day. I always have my risk in mind. Once I’m fine with it, It’s a good day then. Love the simplicity I must add. However, social media has allowed us as traders to have a wider footprint outside of the forex industry, what do you think your impact is in the industry? Well, I started my forex-focus-Instagram-account in October 2020, I’ve gotten a lot of messages regarding me leveling up individuals-forex game involuntarily from contents I post. It has been a good impact—helped people over the world know what this grind could bring. Love the term “over the world” What is your trading plan? And what is your go-to asset class (what pair(s) would you consider are your favorites) and why do you prefer these pairs? As for trading plan, It’s definitely the: Zone to zone ( risking just 4% of my account maximum), cos of its simplicity & direct approach to the market. I started trading XAUUSD, but currently, I trade indices like US30 & SPX500. Reason—that’s where the money is for me lol. Work less, earn more. Enoch On Trading Techniques Work less; Earn more. Yeah—the fun of trading the indices. Do you have a special way you trade this particular pair? If yes, can you share a tip for that pair? Trade against Supply and Demand zones looking to be: Liquidated or Mitigated. It’s more of combining Zone to zone and smart money trading (institutional trading). Woah. That’s a lot to take in. However, Fast one Technical, Fundamental or Sentiments? Why? Technical. Although, fundamentals fuels the market, but only runs for a certain period. After that, we are left with the naked chart. So, Technical is king to me. A personal question, How much money do you handle now? Well, I handle two accounts: a $30,000 and a four figure on synthetic indexes. That’s huge and inspiring, What are your forex weaknesses? How do you plan on going about them? Have you succeeded in doing that? Forex weakness? Hmm. I’m thinking about that. I basically just trade my thing and what I have an edge in. Totally threw me of with that one. The confidence. I admire that no doubt. Who is one person/academy you think Neophyte or everyone should follow and why? Definitely—Cue banks. Following him on Instagram would give you valid reason not to quit. Enoch In Trade environment and Work history “Take a cue from cue”—I’ll do anything to interview him. He’s indeed a great trader. How would you describe your ideal work environment? Love trading alone. So just me and my screens with—UK Drills music playing in the back ground. The lone wolf. Tell me about a time you disagreed with a decision. A time you didn’t follow your trading plan. What did you do? Took out my SL, I didn’t want to get stopped out because, it was a fundamental market on BTCUSD, short story, lost over 85% when I got back. Ouch! What was your salary in your last job before forex? Was leaving it for forex worth it and why? I’ve never worked a job. I was barely 16 when I started Forex. Right. Makes sense—What are your trading aspirations? I know many trade for “financial freedom” but what happens when that’s achieved? What do you plan on doing with trading? Plan on putting young boy and girls on this grind. I know what it feels like earning above average. Enoch Talks Trading Psychology Great plan. What keeps you sane? Cos’ I won’t lie trading can stress you out and some even get depressed. So how do you overcome this. You know, I feel people risk money which they basically can afford to lose. Like I say, everyone needs to have a passive source of income to fund their trading accounts. That way, you stress-less after losses because it’s OPM (other people’s money). I leverage on OPM a lot, that way I don’t have to beat myself up after losses. Other people’s cash. Hmm, That requires trust though. However, this may sound “cliché” but why forex? What is your major reason for choosing forex? Personally, I got caught up with the lifestyle, but as a kid, I loved exploring. I had always wanted to test out everything, new gadget and stuffs I see. That way, I knew I could afford this when I make literally free money, that’s why I’m still trading; love giving major portions of my withdrawals. Who doesn’t love a giver? Do you trade for any proprietary firm? If yes, which one and how is it going? No, But FTMO is looking nice haha. What would you consider to be your biggest forex achievement? Tell me about a forex accomplishment you are most proud of. Being able to pay my mom weekly. Paying her more than her salary is a flex for me at 18. I’m also proud of being able to afford my trading gadgets without anyone’s assistance, fully funded by me and the markets. Good flex too. Also surprising my cousins with quite expensive gifts on their birthdays. Aww. That’s really nice. Indeed a big flex for a trader your age. Okay Baz, Let’s visualize now. So what would you want your forex dream to be like (in details). Inner circle for billionaire traders with the dope garages and cribs. That’s enough. Enoch In The Business Of trading Do you keep a journal? If yes, what does it consist of? No journals. Just Notepads with Risk calculations. Oh, okay. When you’re not trading, what are you doing? On YouTube watching pranks and skits. I don’t watch movies longer than 15mins or I’m working on my “Social Media Management” site (SMM). That interesting an weird. What would say is your “win-rate” and what really drives results in your trading? Haven’t really had time to know my win-rate. But 78%- 82% is reasonable, because I rarely over trade. Haha! My Risk management is key, that’s my major sauce in trading. With my style of risk management, 38% win rate is still Profitable. I love hopping on high-rewarding trades. Well, you ain’t lying. Listen, I think psychology is one of the most important if not the most important part of trading. So, that’s why I’m laying emphasis on it. What are your trading rituals and how has it helped your trading? Pray, plan my trades and trade my plan. That way, I worry less because I’ve literally done the easiest things which are the most important things too. Trading inspiration Who or what inspired you to start trading? If you have a mentor, what’s their name and what about that individual inspired you? I got inspired by Inyang Jude “Forex bae”. My cousin showed me his picture back in 2018. He was literally the first trader I saw from Nigeria. I’m grateful for the inspiration! Another mentor I have is MomoForex. His lifestyle is simple and that’s me. Yeah. I actually love Nick Shawn. I believe he was a mentor to Momo—drop a forex secret you feel should be shared and no-one talks about. How much are you risking on this trade? if you can’t answer that before taking the trade, don’t trade. Because I feel most people get surprised by how much they lose on a trade. They lack the background idea of how much they should be risking. Interesting. How long do you plan on trading forex and Where do you see yourself in five years with forex? Till forever. Let’s wait Enoch and trading strengths What are you biggest strengths in forex and What’s one thing you think you are very good at in forex? That will be, determining market directions in the long run. Nice. We have the Neophytes trooping in the industry. What’s your advice to them and what would you recommend they start with? Knowledge first. You’re here for a long run. “Do what is right and cash will flow” You hear that, it’s always the knowledge first. How do you handle pressure, impatience, fear, doubt and greed in forex? I only experience doubt. If you’re doubting a trade, it’s best not to take that trade. And if you’re in a trade already and you doubting, it’s safer to close or move your Stop-loss very tight to curb losses. Tell me about the toughest decision you had to make in the last six months. Was it a trading decision? If yes, tell me how you handled the situation. Leaving a MLM company (best decision). I left this company that offered to help my trading journey. But it was clear BS! Full of fake traders and lifestyle. I was earning 3 figures for two months. My journey skyrocketed after I took the bold step to leave that company and start trading Full-time. Grateful for the growth now. You calling MLM out like that, makes me want to ask further but, I WON’T PRY. Tell me how you think other people would describe you. What do you want to be remembered for in the industry? Don’t really care of how anyone would describe me, Everyone has various opinions. I want to be remembered for the impact. Trading traits Straight-forward. Like that… What are traits do you have that keeps you successful? Fearless. I take calculated risk always I involve myself in profitable relationships. I know this particular question may sound weird. The reason asked is because as humans we have the whole “act now, think later” thingy going on even when it’s not the right thing to do. So, do you have a trading “guilty pleasure”? If “yes” what is it and how do you handle it when it happens? Heh, FOMO “Fear Of Missing Out” from cryptos, If you don’t ignore the internet noise these days, you tend to hop on trends due to the hype and find yourself getting screwed up after. I can hugely relate. We all talk about trading psychology, what can you say about that? Good question Baz. What is your go-to strategy? I would also love that you explain why that is your go-to. Do you have a major reason why you chose that strategy and how it has helped sharpen your trading. Why beat yourself up when you were not comfortable risking such amount of money? That’s the major thing I can say. Always going to be: zone to zone. I spend two minutes analyzing a trade that would be take a regular trader hours. Yeah, it helped me create more time to do other important thongs. Final words from Enoch What’s your take on Neophytes that want to learn forex? Do you prefer they paid for the knowledge or stick with YouTube videos and free materials? This question. First of all, there are two ways to acquire knowledge. By Discovering or Duplicating. These two approaches require different sacrifices. Time or money. When Discovering, You spend time in search of knowledge, absorbing but important & less important stuff. As time goes on when trading, you’ll find out you have a lot of things to unlearn cos they’re literally useless. That way, you spend another precious time trying to focus on the main sauce. For Duplication, you meet a “Guru” Mentor, who’s been in the game for a while, this way you don’t have to pass through the process of sourcing for a scheme. This guru puts you on what’s needed in the market and that way, you’re starting the major aspect of the market with enough time to execute Knowledge gained (while someone discovering is still trying to unlearn some things) either way, experience is important.
OANDA:NAS100USDEducation
by lazyluchi
The Different Types Of Trading StrategiesHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ In today’s video, we are going to be talking about The Different Types Of Trading Strategies, We are going to compare them to each other and look at their characteristics. Characteristics include 1) Time Duration, Type of Chart, Trade Targets & Risks, Frequency of Trades, Entry and Exit Time. There are 4 types of trading styles : Most people fall in the first 3 1) Scalping 2) Day trading 3) Swing trading 4) Position trading (Refers to holding a certain position over a very long time frame like a number of years, I think this type of trade is more of an investment than trading but technically it's still trading so I had to mention it ). So Let Us Start... 1) Scalping Time Duration is between a few seconds and a number of minutes The Analysis is done on 1,2 and 5 minutes charts Small targets considering the very short trade duration High frequency of trades because of the small risk on each trade Scalpers need to know exactly when to enter and when to exit a trade because a small mistake can have a huge impact on the trade 2) Day trading Time Duration from 15 min to a number of hours The analysis is done on 30 min, 1 hour, and 4-hour charts These trades have a larger target than Scalping Day Traders have a lower trade frequency than scalpers and its usually between 2-10 trades per week Day Traders doesn’t have to be so precise with entry and exits like in Scalping because being late for a trade on a daily basis won't have that much of an impact on the trade. 3) Swing trading Time Duration typically last from a day to a couple of months The Analysis is done daily, weekly & monthly charts Because of the time frame, Targets usually are way larger than day trading or scalping Low frequency in trades, Usually between 2-15 trades per month Entry and exits here don’t have a big impact because the targets are so big So now you ask yourself how do I know which type of trader am I? And it comes down to 2 main factors : Personality: You could be someone who likes to hold trades and profit big so swing trading is for you, Or you could be someone who doesn’t like to hold trades over a day period so scalping or day trading could be for you. Lifestyle: So you may not have the time to always watch the market and how it's moving, so scalping and day trading are not for you, but for swing trading, u only have to check the market once a day so it's the better option for you. Don’t feel like you need to decide what type of trader you are, you should try all of them and see for yourself what are you comfortable with after all there is no right answer. I hope that I was able to help you understand The Different Types of Traders better and if you have any more questions don't hesitate to ask. Hit that like if you found this helpful and check out my other video about the Moving Average, Stochastic oscillator, The Dow Jones Theory, How To Trade Breakouts, The RSI, The MACD, and The Bollinger Bands, links will be bellow
BITSTAMP:BTCUSDEducation
by GabiDahduh
4
KCS is just plain undervalued, let me tell you where it's going!Hello traders and investors 😄! Lets talk about KCS, KuCoins baby 👌 I feel that KCS has immense potential when BTC is done correcting. KCS would be a great one to swing trade/hodl. Here are some reasons why⏬ 1. KCS is KuCoin's utility coin 💲👏 2. KuCoin is now fundamentally superior to BNB ✌ (Binances CEO openly attacked Ethereum at its weak point, that's a NONO because immutable X is going to boost Ethereum with layer 2 scalability) 3. It offer's 20 percent of trading fees in return profit as long as you hold over 6 KuCoin 😍💲 4. KuCoin offers millions of dollars in trading competitions financed by their bots, many of which involve the trading of KCS Long story short, I see how undervalued both KuCoin and KCS are. KuCoin requires no KYC. Now that's already phenomenal, but the way things are headed In certain countries, will provide them with a huge boost, as many government's are looking to control cryptocurrency🌎🛑🚫. They are pushing too hard. Don't worry though, Kucoin is going to take advantage of being the best site with no KYC and explode! Now there's the another key element to KCS 🚀🌚. KuCoin bots🤖. KuCoin Is In control of their entire exchange. They could, and from my research have been manipulating prices. Overcorrections, to holding coins down, including KCS. Upon talk of this weekend being the end of the bull market, the bots allowed KCS to push up a couple dollars in a few days. You can see clearly how it was held down several times until it finally flipped the 5.30 resistance, now trading In the 7 dollar range. Before the institutional investors push BTC to 100 K, KuCoin has more time to sell their token as the 🐾 bears take control of the market before the big push, when the bots will let up again! KuCoin, unlike other exchanges, is pushing people to use inferior bots they offer for free on the KuCoin phone app. I've learned to tell the difference between the more sophisticated KuCoin bots and the inferior ones. It is clear that KuCoin has control of many cryptocurrencies through their bot🤖 system, and are just waiting for the right time to push their own coin, KCS, to the moon..🏁🌚 🚀 Best time to pick it up would have been when it was below 5.3 a couple of days ago, but lets wait and see what the market does and maybe you can scoop it up if we see some more 🐾 bearish movement, and hold to the moon😅. Would love to hear some feedback, good or bad👍👎, happy or sad 😃😥 Thank you🥰 Please trade at your own risk, Jazerbay 💕
by jazerbay
21
USDCAD : INSIDE BAR FAKE OUT FROM THE CONFLUENT LEVEL.USDCAD!!!!! May be a good find on Monday. Normally Monday's dont treat well like this but this one seems a surprise and a gift, X-MAS is close , so we expect that :). So Let's talk about what we got here. Pretty simple and self explanatory. Most of the time what is simple works the most, and we as traders always trying to go after complications and trying to make the whole system so complex just to have a feeling of self fulfilment about us working so hard however, the only thing we call handwork in our profession is "Focus & Commitment" & anything other than this are just diversions. So, USDCAD is in a clear uptrend & making series of HH, HL and one of the best entry areas in a trending market is to enter near the recent swing high for an uptrend and near the recent swing low for downtrend. And here we have got a nice inside bar fake out pattern just aligning with the recent swing high (HH) & The setup produced a nice pin bar rejecting the lower prices and the pin bar itself is protruding from the surrounding price action. Now, there is an overhead resistance right at 1.3345 - 1.3350 , so to make good sense of this trade , we will have to take a 50% retrace entry of the fake out pin bar with which we can achieve 1:2 and this trade will then make sense in the context of money management because we trade those setups which at least can give us 1:2 & nothing less than that. Let's now talk about the factors of confluence we have on this trade idea : 1. Daily dominant uptrend ( If your idea in is line with the daily dominant trend , then the trend itself is one of the confluent factor) 2. Price action setup formed from the value area within an uptrend. 3. EMA slope confirming a strong up-trend and momentum 4. A well formed pin bar protruding from the surrounding price action & faking out the inside bar setup by rejecting lower prices. 5. R:R = 1:2 available. Based on the confluent factors available, this trade idea deserve a shot , so below is the trade idea : Buy limit placed @ 1.3278 (Will update once the order is filled) Stop placed @ 1.3250 Take profit target @ 1.3334 R:R = 1:2 NOTE : Please keep a room to move stop to 1.3245 or even 1.3240 in unforeseen circumstances as even we give our stop another 5 to 10 pips (hopefully we wont't need to use this) , still we can aim for 1.3340 or even 1.3350 and exit the trade with almost 1:2. This one can only be taken on a limit entry in order to achieve the 1:2 as there is an overhead resistance @ 1.3345 - 50 & we want to get out with at least 1:2 before price tests the resistance level. NOTE : Even the best setups can fail, so "MANAGE RISK PROPERLY"
Long
by Trader-Aun_Official
1