Does everyone make money in The Crypto Currencies and Forex markets.( Asking on behalf of Beginners )
The FOREX and Crypto Currencies markets are a zero sum game.
Which means that for a trader/institution to buy/sell 1 currency pair it’s necessary that there is another trader/institution with an opposite position.
If Smart Money (Banks) want to buy a currency pair they will need sellers in the market.
The existing facility to place these positions In the market is called LIQUIDITY.
✔️ The Liquidity is defined by Stop losses.
Where the Stop losses exist is where the liquidity also exists.
Smart Money needs to activate the stop losses of existing orders in the market so that they can place their positions in the market.
✔️ In the FOREX and Crypto markets there are two types of liquidity, which are:
1. Buy Stops Liquidity (BSL) –
The BSL is originated by Stop Losses of sell orders, after the BSL is taken, the market reverses to the downside, because banks use
the BSL to place sell orders in the market.
2. Sell Stops Liquidity (SSL) –
The SSL is originated by Stop Losses of Buy orders, after the SSL is taken, the market reverses to the Upside, because banks use the
SSL to place Buy orders in the market.
✔️ PMH & PML –
Previous Month High & Low
PWH & PWL – Previous Week High & Low
PDH & PDL – Previous Day High & Low
HOD & LOD – High Of Day & Low Of Day
OLD HIGH & Low – Swing High & Low
EQUAL HIGHS & LOWS = Retail Resistance & Support
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For the retail trader, complexity creates an illusion of certainty that’s inherently not there.
Keep it simple.
1. Price action
2. One or two indicators max (if any)
3. Effective money and risk management rules
4. Mental edge (positive attitude, perspective, awareness, wisdom)Be disciplined every day.
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As a beginner in Crypto Currencies and Forex markets be 100% to every trade.
And the market will reward you.
But don’t claim to be disciplined if you are not 100% of the time.
If you trade with discipline 9 times out of 10, then you can’t claim to be a disciplined trader.
It must be practiced in every trade.
Invest for the long-term.
Don’t get caught up in short-term market fluctuations, focus on building a portfolio that will grow over time.
Trading is a marathon not a sprint.
You must first have an account to take advantage of Bitcoin
For information on how and where to open the most profitable crypto account the easy way
https://www.binance.com/en/activity/referral-entry/CPA?fromActivityPage=true&ref=CPA_00R9LJ2LDW
Trading is not a game of intelligence.
It’s a game of persistence, confidence, discipline, patience.
It’s a psychology game, not an IQ game.
As a beginner in Crypto Currencies and Forex markets you must understand this.