What Are Ichimoku Clouds (A Beginners Guide)

Technical Trading Analysis Economics

Ichimoku Clouds Explained

The Ichimoku Cloud is a method for technical analysis that combines multiple indicators in a single chart.

It is used on candlestick charts as a trading tool that provides insights into potential support and resistance price zones.

It is also used as a forecasting tool, and many traders employ it when trying to determine future trends direction and market momentum.

The Ichimoku Cloud was conceptualized in the late 1930s by a Japanese journalist named Goichi Hosada.

However, his innovative trading strategy was only published in 1969, after decades of studies and technical improvements.

Hosada called it Ichimoku Kinko Hyo, which translates from Japanese as “equilibrium chart at a glance.”

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How does it work?

The Ichimoku Cloud system displays data based on both leading and lagging indicators, and the chart is made up of five lines:

Conversion Line (Tenkan-sen):

9-period moving average.

Base Line (Kijun-sen):

26-period moving average.

Leading Span A (Senkou Span A):

The moving average of the Conversion and Base Lines projected 26 periods in the future.

Leading Span B (Senkou Span B):

52-period moving average projected 26 periods in the future.

Lagging Span (Chikou Span):

The closing price of the current period projected 26 periods in the past.

Ichimoku Clouds Explained For Beginners

The space between the Leading Span A (3) and Leading Span B (4) is what produces the cloud (Kumo), which is likely the most notable element of the Ichimoku system.

The two lines are projected 26 periods in the future to provide forecasting insights and, as such, are considered leading indicators.

The Chikou Span (5), on the other hand, is a lagging indicator projected 26 periods in the past.

By default, the clouds are displayed in either green or red – to make the reading easier.

A green cloud is created when the Leading Span A (green cloud line) is higher than Leading Span B (red cloud line).

Naturally, a red cloud results from the opposite situation.

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The broker acts as an intermediary between the client and the liquidity provider, such as a bank.

The broker DOES NOT take the opposite side of the client’s trade, but passes it on to the liquidity provider.

The broker makes money by charging a COMMISSION or a SPREAD on each trade, regardless of whether the client wins or loses.

It does not gain when you lose, nor does it lose when you win.

Therefore, the broker has to pray for your progress and profitability for it to make money from the spreads you supply to them.

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It is worth noting that – unlike other methods – the moving averages used by the Ichimoku strategy are not based on the closing prices of the candles.

Instead, the averages are calculated based on the high and low points recorded within a given period (high-low average).

For instance, the standard equation for a 9-day Conversion Line is:

Conversion Line = (9d high + 9d low) / 2

Ichimoku settings

After over three decades of research and testing, Goichi Hosada concluded that the (9, 26, 52) settings had the best results.

Back then, the Japanese business schedule included Saturdays, so the number 9 represents a week and a half (6 + 3 days).

The numbers 26 and 52 represent one and two months, respectively.

While these settings are still preferred in most trading contexts, chartists are always able to adjust them to fit different strategies.

In cryptocurrency markets, for example, many traders adjust the Ichimoku settings to reflect the 24/7 markets – often changing from (9, 26, 52) to (10, 30, 60).

Some go even further and adjust the settings to (20, 60, 120) as a way to reduce false signals.

Still, there is an ongoing debate about how efficient modifying the settings may be.

While some argue it makes sense to adjust them, others claim that abandoning the standard settings would disrupt the balance of the system and produce lots of invalid signals.

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Analyzing the chart

Ichimoku trading signals

Due to its multiple elements, the Ichimoku Cloud produces different types of signals.

We may divide them into momentum and trend-following signals.

Momentum signals: are generated according to the relationship between the market price, Base Line, and Conversion Line.

Bullish momentum signals are produced when either or both the Conversion Line and the market price move above the Base Line.

Bearish momentum signals are generated when either or both Conversion Line and market price move below the Base Line.

The crossing between the Conversion Line (Tenkan-sen) and the Base Line (Kijun-sen) is often referred to as a TK cross.

Trend-following signals:

Are generated according to the color of the cloud and to the position of the market price in relation to the cloud.

As mentioned, the cloud color reflects the difference between the Leading Spans A and B.

Simply put, when prices are consistently above the clouds, there is a higher probability that the asset is in an upward trend.

In contrast, prices moving below the clouds may be interpreted as a bearish sign, indicating a downtrend.

Save a few exceptions, the trend may be considered flat or neutral when prices are doing sideway movements inside the cloud.

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The Lagging Span (Chikou Span) is another element that can help traders spot and confirm potential trend reversals.

It provides insights into the strength of price action, possibly confirming a bullish trend when moving above market prices, or a bearish trend when below.

Normally, the Lagging Span is used in conjunction with the other components of the Ichimoku Cloud, and not on its own.

Summing up:

Momentum signals

Market price moving above (bullish) or below (bearish) the Base Line.

TK cross: Conversion Line moving above (bullish) or below (bearish) the Base Line.

Trend-following signals

Market price moving above (bullish) or below (bearish) the cloud.

Cloud color changes from red to green (bullish) or from green to red (bearish).

Lagging Span above (bullish) or below (bearish) market prices.

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Support and resistance levels

The Ichimoku chart can also be used to identify support and resistance zones.

Typically, the Leading Span A (green cloud line) acts as a support line during uptrends and as a resistance line during downtrends.

In both cases, the candlesticks tend to move closer to the Leading Span A, but if the price moves into the cloud, the Leading Span B may also act as a support/resistance line.

What’s more, the fact that both Leading Spans are projected 26 periods in the future allows traders to anticipate potential coming support and resistance zones.

Signal strength

The strength of the signals generated by the Ichimoku Cloud depends heavily on whether they fall in line with the broader trend.

A signal that is part of a larger, clearly defined trend will always be stronger than one that crops up briefly in opposition to the prevailing trend.

In other terms, a bullish signal may be misleading if not accompanied by a bullish trend.

So, whenever a signal is generated, it is important to acknowledge the color and position of the cloud.

The trading volume is also something to be considered.

Mind that using Ichimoku with shorter timeframes (intraday charts) tends to generate a lot of noise and false signals.

Generally speaking, longer timeframes (daily, weekly, monthly charts) will produce more reliable momentum and trend-following signals.

Closing thoughts

Goichi Hosada dedicated over 30 years of his life to create and refine the Ichimoku system, which is now employed by millions of traders worldwide.

As a versatile charting method, Ichimoku Clouds are used to identify both market trends and momentum.

Also, the Leading Spans make it easier for chartists to anticipate potential levels of support and resistance that are yet to be tested.

Although the charts may look too busy and quite complex at first, they don’t rely on subjective human input like other methods of technical analysis (e.g., drawing trend lines).

And despite the continuous debate about Ichimoku settings, the strategy is relatively easy to use.

As with any indicator, though, it should be used in conjunction with other techniques to confirm trends and minimize trading risks.

The sheer amount of information that this chart displays may also be overwhelming for beginners in Crypto and Forex Trading.

For these traders, it’s usually a good idea to become comfortable with more basic indicators before tackling the Ichimoku Cloud.

The Differences Between Proof-of-Stake and Proof-of-Work

As cryptocurrencies continue to evolve, two key consensus mechanisms have emerged for validating transactions on the blockchain: proof-of-work (PoW) and proof-of-stake (PoS).

We will examine how these protocols differ and the unique benefits and drawbacks of each.

Consensus Mechanisms in Cryptocurrency

Proof-of-work (PoW), first introduced by Bitcoin in 2009, requires miners to compete to add new blocks to the blockchain.

By expending significant computational power, miners prove that the work was done to validate transactions.

The Differences Between Proof-of-Stake and Proof-of-Work

Bitcoin mining is frequently misconstrued as miners tackling mathematical puzzles, a myth debunked in an editorial by the BTC mining pool, braiins.

In reality, the procedure resembles a lottery, where a mining pool’s hashpower directly influences its odds of discovering a block.

It’s not about racing to solve complex equations, but more about sheer chance and persistence.

The first miner to win the race and discover a block is rewarded with newly minted cryptocurrency.

PoW relies on decentralized consensus – no single entity controls the network.

However, its critics consider it incredibly energy-intensive.

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Proof of stake, first conceptualized in a bitcointalk.org thread in 2011, works differently than PoW.

Rather than miners, PoS networks have “validators” who stake or lock up their coins to participate in transaction validation.

The idea is that staking coins aligns incentives between token holders and the network.

In some versions of PoS, validators are randomly selected to propose new blocks, rather than competing to discover them.

Deciphering the Differences Between Proof-of-Stake and Proof-of-Work

In PoS, when the network requires a new block, the consensus protocol gives a random staker the privilege to validate the next block.

This selection is lottery-based, influenced by each staker’s proportion of the overall staked assets.

Naturally, a staker with a heftier stake stands a higher likelihood of mining the upcoming block and clinching the lottery.

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Comparing PoW and PoS and the Future of Cryptocurrency Consensus

PoS advocates consider this much less computationally expensive.

However, PoS networks are considered susceptible to various attacks, like censorship, whales manipulating consensus, Sybil attacks, and the nothing-at-stake attack.

The first implementation of PoS was the Peercoin (PPC) network crafted by the anonymous Sunny King.

The second-largest network, Ethereum (ETH), changed over from PoW to PoS some years ago with “The Merge.”

In September 2023, among the leading ten crypto assets, a mere two of them are PoW-centric coins – bitcoin (BTC) and dogecoin (DOGE).

Some PoS networks like Cardano and Solana launched with staking built-in.

Others like Polkadot use unique hybrid models.

PoW advocates argue proof of work is more decentralized and secure, as the barrier to entry is higher for miners.

PoS proponents believe proof of stake is the future, enabling faster, cheaper transactions.

Both have trade-offs.

Hybrid models aim to combine the best of both worlds.

The debate rages on over which method is superior.

However, it is clear PoW and PoS will coexist as crypto continues to disrupt financial and technological paradigms.

The innovations produced by this competition will shape the future of digital assets.

What do you think about the differences between PoW and PoS?

Share your thoughts and opinions about this subject in the comments section below.

Beginners can now get a better understanding of Proof of work and Proof of stake in crypto currency mining.

5 Risk Management Strategies For Beginners

Risk management is an essential part of responsible investing and trading.

It can reduce your portfolio’s overall risk in various ways — for example, you may diversify your investments, hedge against financial events, or implement simple stop-loss and take-profit orders.

Introduction

Minimizing risk is a priority for many investors and traders.

Even if your risk tolerance is high, you’ll still, in some way, weigh the risk of your investments versus the payoff.

However, there’s more to risk management than simply choosing less risky trades or investments.

A comprehensive toolset of risk management strategies is available, many of which are suitable for beginners, too.

Starting with the broker you choose.

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The broker acts as an intermediary between the client and the liquidity provider, such as a bank.

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The broker makes money by charging a COMMISSION or a SPREAD on each trade, regardless of whether the client wins or loses.

It does not gain when you lose, nor does it lose when you win.

Therefore, the broker has to pray for your progress and profitability for it to make money from the spreads you supply to them.

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What is risk management?

Risk management entails predicting and identifying financial risks involved with your investments to minimize them.

Investors then employ risk management strategies to help them manage their portfolio’s risk exposure.

A critical first step is assessing your current exposure to risks and then building your strategies and plans around them.

Risk management strategies are plans and strategic actions traders and investors implement after identifying investment risks.

These strategies reduce risk and can involve a wide range of financial activities, such as taking out loss insurance and diversifying your portfolio across asset classes.

In addition to active risk management practices, it is important to understand the basics of risk management planning.

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There are four key planning methods you should consider before embarking on a specific risk management strategy, as the method you choose will inform your preferred strategy.

Four key risk management planning methods

Acceptance:

Deciding to take on the risk of investing in an asset but not spending money to avoid it as the potential loss isn’t significant.

Transference:

Transferring the risk of an investment to a third party at a cost.

Avoidance:

Not investing in an asset with potential risk.

Reduction:

Reducing the financial consequences of a risky investment by diversifying across your portfolio.

This could be within the same asset class or even across industries and assets.

Why is a risk management strategy important in crypto?

It’s common knowledge that crypto, as an asset class, is one of the higher-risk investments available to the average investor.

Prices have proven to be volatile, projects can crash overnight, and the technology behind blockchain can be challenging for newcomers to understand.

With crypto moving rapidly, it’s imperative to employ sound risk management practices and strategies to reduce your exposure to potential risks.

This is also an essential step to becoming a successful and responsible trader.

Read on to find out about five risk management strategies that can benefit your crypto portfolio.

Strategy #1:

Consider the 1% rule

The 1% rule is a simple risk management strategy that entails not risking more than 1% of your total capital on an investment or trade.

If you have $10,000 to invest and want to adhere to the 1% rule, there are a few ways to do so.

One would be to purchase $10,000 worth of bitcoin (BTC) and set a stop-loss or stop-limit order to sell at $9,900.

Here, you would cut your losses at 1% of your total investment capital ($100).

You could also purchase $100 of ether (ETH) without setting a stop-loss order, as you would only lose a maximum of 1% of your total capital if the price of ETH were to drop to 0.

The 1% rule doesn’t affect the size of your investments but the amount you are willing to risk on an investment.

The 1% rule is especially important for crypto users due to the market’s volatility.

It can be easy to get greedy, and some investors may put too much into one investment and even suffer heavy losses expecting their luck to turn.

Strategy #2:

Setting stop-loss and take-profit points

A stop-loss order sets a predetermined price for an asset at which the position will close.

The stop price is set below the current price and, when triggered, helps protect against further losses.

A take-profit order works the opposite way, setting a price at which you want to close your position and lock in a certain profit.

Stop-loss and take-profit orders help you manage your risk in two ways.

First, they can be set up in advance and will be executed automatically.

There’s no need to be available 24/7, and your pre-set orders will be triggered if prices are particularly volatile.

This also allows you to set realistic limits for the losses and profits you can take.

It’s better to set these limits in advance rather than in the heat of the moment.

While it can be strange to think of take-profit orders as part of risk management, you shouldn’t forget that the longer you wait to take profit, the higher the risk the market could fall again while waiting for an additional upside.

Strategy #3:

Diversify and hedge

Diversifying your portfolio is one of the most popular and fundamental tools to reduce your overall investment risk.

A diversified portfolio won’t be too heavily invested in any asset or asset class, minimizing the risk of heavy losses from one particular asset or asset class.

For instance, you may hold a variety of different coins and tokens, as well as provide liquidity and loans.

Hedging is a slightly more advanced strategy to protect gains or minimize losses by purchasing another asset.

Usually, these assets are inversely correlated.

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Diversification can be a type of hedge, but perhaps the most well-known example is futures.

A futures contract lets you lock in a price for an asset at a future date.

Imagine, for instance, you believe bitcoin’s price will tumble, so you decide to hedge against this risk and open a futures contract to sell BTC for $20,000 in three months.

If bitcoin’s price does indeed fall to $15,000 three months later, you will profit from your futures position.

It’s worth remembering that futures contracts are settled financially, and you don’t have to deliver the coins physically.

In this case, the person on the other side of your contract would pay you $5,000 (the difference between the spot price and the futures price), and you would have hedged against the risk of bitcoin’s price falling.

As mentioned, the crypto world is a volatile one.

However, there are still opportunities to diversify within this asset class and use hedging opportunities.

Diversification in crypto is much more crucial than in more traditional financial markets with less volatility.

Strategy #4:

Have an exit strategy ready

Having an exit strategy is a simple but effective method for minimizing the risk of heavy losses.

By sticking to the plan, you can take profits or cut losses at a predetermined point.

Often, it’s easy to want to keep going when making gains or to put too much faith in a cryptocurrency even when prices are falling.

Getting caught up in hype, maximalism, or a trading community can also cloud your decision-making.

One way of successfully implementing an exit strategy is to use limit orders.

You can set them to automatically trigger at your limit price, whether you want to take profit or set a maximum loss.

Or you can use professional brokers who can advise you well.

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Strategy #5:

Do Your Own Research (DYOR)

DYOR is an integral risk-reduction strategy for any investor.

In the Internet age, it’s easier than ever to conduct your own research.

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Before investing in a token, coin, project, or other asset, you must do your due diligence.

It’s key that you check essential information about a project, such as its white paper, tokenomics, partnerships, roadmap, community, and other fundamentals.

However, misinformation spreads quickly, and anyone can submit their opinions online as facts.

When conducting research, consider where you’re getting your information and the context in which it’s presented.

Shilling is commonplace, and projects or investors can spread false, biased, or promotional news as if it were sincere and factual.



Closing thoughts

With the five risk management strategies outlined, you as a beginner have an effective tool kit to help reduce your portfolio’s risk.

Even employing simple methods that cover most areas will help you invest more responsibly.

At the other end of the scale, there’s potential to create risk management plans with more advanced, in-depth strategies.

What are trend lines (A Beginners Guide)

In financial markets, trend lines are diagonal lines drawn on charts.

They connect specific data points, making it easier for chartists and traders to visualize price movements and identify market trends.

Trend lines are considered one of the most basic tools in technical analysis (TA).

They are widely used in stock, fiat currency, derivatives, and cryptocurrency markets.

Essentially, trend lines work like support and resistance levels but are made of diagonals instead of horizontal lines.

As such, they can have either a positive or negative slope.

In general, the greater the slope of the line, the stronger the trend is.

We can divide trend lines into two basic categories:

ascending (uptrend) and descending (downtrend).

As the name suggests, an uptrend line is drawn from a lower to a higher chart position.

It connects two or more low points.

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Trend Lines Explained

In contrast, a downtrend line is drawn from a higher to a lower position in the chart.

It connects two or more high points.

So, the difference between the two types of lines is the selection of the points that are used to draw them.

In an uptrend, the lines will be drawn using the lowest points in the chart (i.e., candlestick bottoms forming higher lows).

On the other hand, downtrend lines are drawn using the highest values (i.e., candlestick tops forming lower highs).

How to use trend lines

Based on the highs and lows of a chart, trend lines indicate where the price briefly challenged the prevailing trend, tested it, and then turned back in its favor.

The line can then be extended to try and predict important levels in the future.

The trend line may be tested several times, but as long as it isn’t broken, it is considered valid.

While trend lines can be used in all kinds of data charts, they are usually applied to financial charts (based on market prices).

They provide insights into the market supply and demand.

Naturally, upward trend lines indicate an increasing buying force (demand is higher than supply).

Downward trend lines are associated with consistent price drops, suggesting the opposite (supply is higher than demand).

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However, the trading volume should also be considered in such analyses.

For instance, if the price is increasing, but the volume is decreasing or is relatively low, it may give a false impression of increased demand.

As mentioned, trend lines are used to identify support and resistance levels, which are two basic but very important concepts of technical analysis.

An uptrend line shows support levels below which the price is unlikely to drop.

In contrast, the downtrend line highlights resistance levels above which the price is unlikely to rise.

In other words, the market trend may be considered invalid when the support and resistance levels are broken, either to the downside (for an uptrend line) or to the upside (for a downtrend line).

In many cases, when these key levels fail to hold the trend, the market tends to change direction.

Still, technical analysis is a subjective field, and each person may present a completely different method for drawing trend lines.

THE A-Book BROKER.(XM).. good or bad

The broker acts as an intermediary between the client and the liquidity provider, such as a bank.

The broker DOES NOT take the opposite side of the client’s trade, but passes it on to the liquidity provider.

The broker makes money by charging a COMMISSION or a SPREAD on each trade, regardless of whether the client wins or loses.

It does not gain when you lose, nor does it lose when you win.

Therefore, the broker has to pray for your progress and profitability for it to make money from the spreads you supply to them.

XM IS AN A-BOOK BROKER.

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Thus, it may be worth combining multiple TA techniques, as well as fundamental analysis to reduce risks.

Drawing valid trend lines

Technically, trend lines can connect any two points in a chart.

But, most chartists agree that using three points or more is what makes a trend line valid.

In some cases, the first two points can be used to define a trend in potential, and the third point (extended in the future) can be used to test its validity.

So, when the price touches the trend line three or more times without breaching it, the trend can be considered valid.

Testing the trend line multiple times indicates that maybe the trend is not a mere coincidence caused by price fluctuations.

You can use AI software to help you determine which way trend lines flow next.

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1- The Forexcopier Robot searches for profitable trading opportunities round-the-clock, 5 days a week.

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Scale settings

In addition to choosing enough points to create a valid trend line, it’s important to consider proper settings when drawing them.

Among the most important chart settings is the scale settings.

In financial charts, the scale relates to the manner in which the change in price is displayed.

The two most popular scales are arithmetic and semi-logarithmic (semi-log).

On an arithmetic chart, change is expressed evenly as the price moves up or down the Y-axis.

In contrast, semi-log charts express variations in terms of percentage.

For example, a price change from $5 to $10 would cover the same distance on an arithmetic chart as one from $120 to $125.

On a semi-log chart, however, the 100% gain ($5 to $10) would occupy a much larger portion of the chart, as opposed to the 4% increase of the $120 to $125 move.

It’s important to consider the scale settings when drawing trend lines.

Each type of chart may result in different highs and lows and, thus, slightly different trend lines.

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Closing thoughts

While they are useful tools for technical analysis, trend lines are far from foolproof.

The choice of points used to draw trend lines will affect the degree to which they accurately represent market cycles and real trends, making them somewhat subjective.

For instance, some chartists draw trend lines based on the body of the candlesticks, disregarding the wicks.

Others prefer to draw lines according to the highs and lows of the wicks.

So, it’s important to use trend lines in conjunction with other charting tools and indicators.

Notable examples of other TA indicators include the Ichimoku Clouds, Bollinger Bands (BB), MACD, Stochastic RSI, RSI, and moving averages.

As a beginner you should get yourself familiar with these forms of analysis, so as to be profitable.

Do beginners ever succeed in trading crypto or forex(13 surefire tips to succeed)

Are you afraid, wondering if you will ever succed with trading crypto or forex?

Here is a simple strategy to implement and get over your fears.

1. Learn first, but don’t just stick to learning.

2. Implement as you learn, because you can’t know everything at once and you won’t know how good you have become unless you implement.

3. Start with a demo account.

This helps you make a lot of mistakes without risking an actual money.

4. How much are you willing to invest when you want to begin your trading?

5. With that amount, start trading with your demo account.

Let’s assume you plan on investing $50, in your demo account, start practicing with $50.

6. At first you might end up blowing up the $50 , don’t give up, keep going because practice makes perfect.

(Keep learning as you implement).

7. Don’t start off greedy, use small lot sizes and stick to it.

(With this you are building the psychology of proper risk management)

8. Give yourself a deadline of trading a demo account.

9. Make sure within the timeframe you have set for trading the demo account, you learn and get better everyday.

10. Once you hit your deadline, fund your account, and trade with that strategy that got you more profit and stick to it.

11. Always start afraid, you will get better while on the job.

12. Don’t pressure yourself while trading, even if your trade goes against you.

Call it a day, chill out and come back when you are calm (praticing this while starting off as a beginner will help you have better control of your emotions and it will help you avoid revenge trading)

13. Remember that winning or losing in crypto or forex is all about how emotionally stable you are.

If you can manage your emotions properly, you will go far trading the markets.

Stay Intentional.

THE A-Book BROKER.(XM).. good or bad

The broker acts as an intermediary between the client and the liquidity provider, such as a bank.

The broker DOES NOT take the opposite side of the client’s trade, but passes it on to the liquidity provider.

The broker makes money by charging a COMMISSION or a SPREAD on each trade, regardless of whether the client wins or loses.

It does not gain when you lose, nor does it lose when you win.

Therefore, the broker has to pray for your progress and profitability for it to make money from the spreads you supply to them.

XM IS AN A-BOOK BROKER.

You can try

XM Capital

For forex and crypto trading at

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SIMPLIFY

Simplify your strategy, simplify your entries, simplify the timeframes you use, simplify everything you can.

Overcomplicating your trading leads you nowhere but making stupid errors and being on the sidelines.

Clarity is power.

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Fear and caution are two totally different things.

Are you really being “responsible” or are you hesitating?

You do realize this is a risk takers game right?

Becoming a professional risk taker means limiting downside, not limiting upside.

When trading, your inner demons will confront you.

The only way to move forward is to confront these demons.

Don’t try to run away or make excuses for it.

Because in the end you will lose alot of money or leave alot of money on the table.

By confronting your demons honestly you are rewiring your trading for the better.

Eg.

Getting angry very fast causes impulsivity in trading.

Now you have to rewire yourself to be a calm person.

Don’t be afraid to confront your demons, its the only way out.

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Using AI software can help you when you need an extra edge.

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It can do everything crucial for you as a crypto or forex trader, that’s finding best times to place orders, close trades and test strategies to ensure successful trades

𝑪𝒐𝒓𝒆 𝑩𝒆𝒏𝒆𝒇𝒊𝒕𝒔:

1- The Forexcopier Robot searches for profitable trading opportunities round-the-clock, 5 days a week.

Therefore, unless you disable it, you will never miss a profitable trade opportunity.

2-In contrast to us, this Forexcopier Robot does not exhibit emotional instability and will only function in an environment that is completely calculating.

3. It automatically analyzes the market data.

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Using these sure fire tips will make yo, as a beginner a success in Crypto and Forex Trading Markets.

Why is discipline key to trading for beginners in crypto and forex markets.


Discipline is the key to unlocking success in trading in forex and crypto trading markets.

✅ It keeps emotions in check.

✅ Helps you stick to your strategy.

✅ Ensures consistent decision-making.

Embrace discipline, and watch your trading journey soar to new heights.

A trader is truly tested on the days he is losing.

You will wake up today and lose.

Go back tomorrow and lose again.

Wake up tomorrow, clean yourself and eat a good breakfast only to lose again.

At this point, if you wield to the pressure.

You will find yourself leaning to your dark side.

These are the times when you can easily self-distract and blow your account.

This is a cycle that many traders will keep finding themselves in for the rest of their goddamn trading careers.

What to do?

-Recognize you are not okay after losing and don’t keep fighting it alone.

THE A-Book BROKER.(XM).. good or bad

The broker acts as an intermediary between the client and the liquidity provider, such as a bank.

The broker DOES NOT take the opposite side of the client’s trade, but passes it on to the liquidity provider.

The broker makes money by charging a COMMISSION or a SPREAD on each trade, regardless of whether the client wins or loses.

It does not gain when you lose, nor does it lose when you win.

Therefore, the broker has to pray for your progress and profitability for it to make money from the spreads you supply to them.

XM IS AN A-BOOK BROKER.

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Why fight yourself?

-Be happy at least you have survived this jungle called trading.

-Understand and internalize that for…….AN OPPORTUNITY WILL ALWAYS COME.

-Forget those losses.

The more they are in your mind the harder it is to recover.

-FORGIVE YOURSELF and STOP THE NEGATIVE TALK.

It’s all in the mind.

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Don’t let your mind control you.

The goal is to make money and not to trade like banks.

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How can you compete with the big boys anyway.

Learn from the traders and market itself not from the noise makers who has already given up.

Keep your money safe.

Deal With Fear & Greed In Forex and Crypto❗❗❗

Fear and greed in trading can make you lose a lot of money.

When you are too greedy, you end up holding trades longer than you should, resulting in the market reversing and you losing your money.

When you have fear, you end up closing trades too early and again you lose money.

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I do this by having the software focusing on higher timeframe zones/levels.

To avoid greed, I trade from one level to the next and close my positions.

To avoid fear, I wait for high probability trades which are tests of higher timeframe zones then I take trades and then hold with confidence.

Trading is like a marriage.

On the outside it seems easy because of all weddings, honeymoons, pictures and pretty children.

The truth is that marriage takes sacrifice and total commitment.

You may disagree with your spouse for 10+ years and be good for the next 40 years.

These 10+ years of disagreements set a solid foundations for countering arguments, building friendship and understanding each other.

Most people quit during this stage because they have not lowered their ego to learn one another.

Trading is 100% the same.

-You spend 5-10 years developing your system.

-Fighting your insecurities.

-Looking for capital.

-Building experience.

-Developing A LOT of patience.

In short mastering your mind.

When all these are done, you have the POWER to take trades without emotions and people begin asking how you do it.

So decide whether it’s for better, for worse, or it is until problems arise that you will quit your journey to SELF MASTERY.

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In trading, there’s no room for ‘maybe’ or ‘might’. It’s about saying ‘Yes, I can and I will’.

So, here’s your challenge for today:

Take a closer look at your trading strategies.

Are they evidence of your confidence, or are they screaming uncertainty?

If I Was A Beginner Trader, This Is What I Would Do

If I had to go back to when I discovered trading and the learning phase.

This is what I wish I would’ve focused on during my learning phase.

1. Price Structure

2. Top Down Analysis

3. Impulse and Corrections

4. Supply and Demand Zones

5. Candlestick Patterns

6. Correlation
.
This would’ve put me years ahead in my trading career.

Try this and see how much it changes your trading.

Beginner traders often rely solely on lagging indicators, neglecting price action.

Trading based on dots and lines can be a mistake for beginners.

Even if you prefer indicators, understanding price action is fundamental.

This is why discepline is very important for beginners in Crypto and Forex Trading Markets.

Some Chart Abbreviations and their Full meaning for beginners.

Bookmark this

OB-order block
RB-Reclaimed Block
BB – Breaker Block
MB – Mitigation Block
IDM- Inducement
SSL – Sellside Liquidity
BSL – Buyside Liquidity
EQH – Equal Highs
EQL- Equal Lows
TLL- Trend line liquidity
IRL- Internal range liquidity
ERL- External range liquidity
DOL – Draw on Liquidity
FVG – Fair Value Gap
IMB- imbalance
MSS – Market Structure Shift
OTE – Optimal Trade Entry
PA – Price Action
RTO- return to order
Coch- Change of character
BOS- Break of structure
PDL – Previous Day Low
PDH – Previous Day High
PWL – Previous Week Low
PWH – Previous Week High
PML- Previous Months Low
PMH- Previous Months High

MMBM – market maker buy model
MMSM – market maker sell model
CE – consequent encroachment
MTH – mean threshold
SMT – smart money technique
IOF – institutional order flow
DOL – draw on liquidity
POI – point of interest
PO3 – power of three
AMD – accumulation, manipulation, distribution
OTE – optimal trade entry
MOP – midnight opening price
HTF – high timeframe
LTF – low timeframe
STDV – standard deviation
OHLC – open, high, low, close
BISI- buyside imbalance sellside inefficiency
SIBI – sellside imbalance buyside inefficiency

THE A-Book BROKER.(XM).. good or bad

The broker acts as an intermediary between the client and the liquidity provider, such as a bank.

The broker DOES NOT take the opposite side of the client’s trade, but passes it on to the liquidity provider.

The broker makes money by charging a COMMISSION or a SPREAD on each trade, regardless of whether the client wins or loses.

It does not gain when you lose, nor does it lose when you win.

Therefore, the broker has to pray for your progress and profitability for it to make money from the spreads you supply to them.

XM IS AN A-BOOK BROKER.

You can try

XM Capital

For forex and crypto trading at

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Remember to bookmark this.

A number of things to know if you want to be a great trader in forex and crypto currency markets.

You should know that If you want to be a great trader, there are some things you need to know as a beginner, from the beginning.

1) Only trade when you have an edge.

If there are no clear opportunities, don’t trade

2) When you start trading, you need to believe in yourself before anyone else will.

3) The best traders don’t care about being right or proving themselves to anyone.

Their only goal is to make money.

4) Don’t worry about what the market will do or how much money you’ll make; focus on the process and how well you’re executing it.

5) When you’re new to trading, it’s easy to feel like you need to make money right away.

But the more pressure you put on yourself to make money in the market, the more difficult it becomes to actually make money.

6) If you start taking trades based on how much money you’ve lost or if you keep thinking about how much money you could have made if only you’d stayed in a trade longer, then you’re going to have trouble making smart decisions.

7) Keep your trading simple.

The more complicated a strategy is, the harder it is to stick to.

8) Good traders

• Don’t brag

• Are humble

• Adapt quickly

• Ignore negativity

• Have an open mind

• Admit when they’re wrong

• Have no expectations

• Show up every day

9) The best traders don’t take their losses personally.

They know that trading is a business and that losses are just part of the game.

10) If you aren’t passionate about the markets and you are only trading to get rich, you won’t last.

11) Intuition is a real indicator, and it grows every time you see the same pattern unfold.

The more you trade, the more accurate your intuition gets.

12) Trading is about making money, not about winning or losing.

13) Trading isn’t about making money fast; it’s about making consistent progress over time.

14) You won’t make money trading if you aren’t willing to lose it.

15) The average trader does a lot of really hard thinking.

THE A-Book BROKER.(XM).. good or bad

The broker acts as an intermediary between the client and the liquidity provider, such as a bank.

The broker DOES NOT take the opposite side of the client’s trade, but passes it on to the liquidity provider.

The broker makes money by charging a COMMISSION or a SPREAD on each trade, regardless of whether the client wins or loses.

It does not gain when you lose, nor does it lose when you win.

Therefore, the broker has to pray for your progress and profitability for it to make money from the spreads you supply to them.

XM IS AN A-BOOK BROKER.

You can try

XM Capital

For forex and crypto trading at

https://clicks.pipaffiliates.com/c?c=676250&l=en&p=0

Note this: good brokers earn through spread , when you loose they have certain percentage portioned to them before being released to the market , when you get profit the still have portion they get before landing on your side , so brokers earn on trades not losses.

Please sit down and go through your rules.

Think about why you began this trading journey.

Think about where you want to go.

These are the things which will give you grit to keep pushing.

This is a long journey and you only survive if you are willing to push through the dark times.

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🗓️The constant flow of market data can be overwhelming.

Protect your mental well-being by scheduling regular breaks and embracing activities away from screens.

Your clarity and focus will thank you.

Your mental state will directly reflect on your trading.

A messy mind = random impulsive trades.

A calm mind = calculated, well thought out decisions.

Prioritize your mental health in trading.

Manage stress by keeping your risk percentage low.

Always remember, it’s crucial to be able to place a trade and maintain a peaceful state of mind.

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You had a solid plan, mapped out the narrative.

Until boom, a curveball came out of nowhere.

You’re on the M1 chart and have lost track of your higher time frame bias.

Influenced by the volatility, you switch up in the fear your original plan may be wrong.

This is the cycle of doom.

Break the cycle of this behavior.

Or you will forever be making loses.

CRYPTOCURRENCY.

This is how I started trading, using Binance Futures.

It gave me the necessary skills to move to Forex which became a walkover.

When you trade CRYPTO, you become hardcore.

You’re required to really bond with the market to understand it.

When you transfer those skills to Forex, you explode with profits!

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TRADING SHEET EXPLAINED IN DETAILS

Balance – your initial amount before opening a trade.

Equity – your assumed new balance after adding
profits & subtracting losses to your initial balance from active trades.

Margin – the amount you’ve risked/invested in the active trades, determined by lot size & leverage.

Free margin – the amount remaining in your account that can be used to open a new trade.

Margin Level — your new account balance divided by your already used margin, expressed in percentage, showing you how much more or less a chance you have to open a new trade.

Commission — the amount your broker is charging you for trading.

PnL — the blue or red amount stated above your balance, showing your total profits or loss.

Positions — the active trades, showing the instrument you’re trading, the lot size, the entry price & the current price, and the total profit or loss from that individual trade.

What To Do If You Are Stuck With Analysis In Forex

Have you ever opened a chart and just went blank ? Have you struggled to predict direction even after following all your strategy rules ? The truth of the matter is that this does happen at times. What you need to do here is simply wait. You need to wait for atleast two things, break of current structure on your higher timeframe or a test of a higher timeframe zone. Until this happen, do NOT force analysis. Trading is a game of waiting & patience.
📚📉📈The only difference between technical analysis and a slot machine is,

In a slot machine, you have to put your money in first and then wait for a pattern to emerge.

However, in technical trading, you wait for a pattern to emerge then put in your money.

The problem with our minds is thinking that the pattern will emerge in every trade.

Which is not true.

However, in a series of trades the edge always emerges.

That is why TECHNICAL ANALYSIS gives us the ability to be the CASINO.

Technical analysis lets you own the SLOT MACHINE and because the edge is always in our favour.

The sad part however is most traders take YEARS and YEARS to think using this mindset.

You are the CASINO. Think in probabilities once and for all.Do you know, if you take your entries from the Inducement, you will rarely have missed entries 👀

Inducement entries as you may know it
Or Inducement strategy. Yes people trade it💯

3 KEY things to take home in these two pictures below which I picked up from my studies today⤵️

▫️Structure is important, have a clear understanding of where price is headed next

▫️Liquidity should be your Target or exit if you want your high-probability setups to play out fine even if it’s 1:3R move only, stop targeting like a thief.

▫️Sometimes Price clears Liquidity off Inducements & reverses the other way without picking you up at your POIAs a beginner, who is just starting out, you will always hear traders talk about market analysis.

What then is market analysis?

As a trader, market analysis is very important to your trades because this is what differentiates you from a gambler.

Simply entering trades without analysis means that you are just gambling between buying and selling.

Market analysis helps you understand the position of the market and what direction you should be looking at.

For example before you set out to visit the market, the first thing you do is make a list of things you wish to buy.

Secondly, you write out the price.

Next, you calculate all of them to know exactly how much you will be spending.

Then when taking out money, you don’t withdraw exactly that amount because there might be changes in price, so you take money greater than what you have on your list just to avoid getting stranded.

At the end of the day, you either end up exhausting the money or returning with some cash.

And if and when you do return with some cash, make sure to keep some of it safe offline.

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Analysis helps you to make profit and reduce loss, and to keep your money.

Those are a number of things you need to know if you want to become a great trader in forex and crypto as a beginner.

Stages of a forex and crypto trader that all beginners must go through

1-6 months.

-Beginners luck. This is where you miraculously change 100 usd to 899 usd in 3 days then later you lose it all.

-The first batch of soldiers retire here, about 60%.

-They proceed to post that the financial markets are a scam. They get validated by other online strangers and they feel very happy.

-The second batch of soldiers realize there is more to this than luck. That’s where the real work begins.

6 months- 2 years.

-You are changing strategies like under wear searching for the holy grail.

-Risk management is not in your vocabulary.

-Ego is your friend.

-You are making huge profits followed by huge losses.

-More soldiers retire here.

Investments are a necessity , making them early is important.

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3-4 years.

-You have settled on one strategy.

-You have realized that this is not a rich quick scheme.

-Risk management is not your friend still.

-You are still not following your rules.

-You have alot of negative emotions associated with trading losses.

-You are not gaining and you are not losing.

5-6 years.

-You are very very humble by now.

-You are gaining very very small profits.

-You have followed your Trading Plan for at least 6 months now.

-You are beginning to feel confident.

-You don’t trade daily.

-You are beginning to trust your strategy.

7-10 years.

-You are able to get in a prop firm and sustain it for several years.

-You are seeing consistent profits.

-No huge drawdowns.

-You are trading an admirable account.

-You have become a true money manager.

10-15 years.

-You are a trading monk.

-You probably have employed a psychologist.

-You are trading like the big banks now.

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Whenever someone says they have been trading for X amount of years and want to become profitable, I ask the following questions and quickly realize most traders are just lazy.

1. Have you defined a strategy/approach to the markets?

2. Was the edge/ strategy back tested and proven?

3. Do you have a systematic approach to your trading?

If so define it.

4. Have you documented your trades?

If so what’s your process?

5. What does your trading data/trading journal tell you? (Assuming your track your trades because you should be)

6. What markets, sessions do you trade? When do you determine to stay cash or be aggressive?

7. How do you handle drawdowns?

8. How do you handle consistent losing periods ?

You’ll quickly realize most people that say they want to become successful as a trader, don’t really focus on the process.

They’re more focused on looking good publicly than actually focusing on being great.

So let’s start being honest with ourselves and realize that unless we put in the REAL work that’s required, you won’t be profitable.

If you’re 2-3 years into your trading journey & still not profitable; get it together & stop being stupid

You obviously know what NOT to do at this point; it’s more about self-control & discipline.

Decide NOW!

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The market is a character magnifier.

What do I mean?

If you are impatient its gonna magnify that.

If you are patient its gonna magnify that.

If you get angry, its gonna magnify that.

If you are indisciplined it will magnify that.

The clever trader is he who identifies his weakness, laughs at himself because he realizes that he is not as perfect as he had thought himself to be and begins the TOUGH LONELY journey of bettering himself.

An EGOTISTICAL trader spends every other day blaming his dog, his spouse, the market for his irrational decisions.

Until when will you realize that your ego is truly getting in the way?

Look inward before you look outward.just know that if you want to be a great trader, there are some things you need to know:

1) Only trade when you have an edge.

If there are no clear opportunities, don’t trade

2) When you start trading, you need to believe in yourself before anyone else will.

3) The best traders don’t care about being right or proving themselves to anyone.

Their only goal is to make money.

4) Don’t worry about what the market will do or how much money you’ll make; focus on the process and how well you’re executing it.

5) When you’re new to trading, it’s easy to feel like you need to make money right away.

But the more pressure you put on yourself to make money in the market, the more difficult it becomes to actually make money.

6) If you start taking trades based on how much money you’ve lost or if you keep thinking about how much money you could have made if only you’d stayed in a trade longer, then you’re going to have trouble making smart decisions.

7) Keep your trading simple.

The more complicated a strategy is, the harder it is to stick to.

8) Good traders

• Don’t brag

• Are humble

• Adapt quickly

• Ignore negativity

• Have an open mind

• Admit when they’re wrong

• Have no expectations

• Show up every day

9) The best traders don’t take their losses personally.

They know that trading is a business and that losses are just part of the game.

10) If you aren’t passionate about the markets and you are only trading to get rich, you won’t last.

This may be the best time to look into AI software that can help you to be more profitable.

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11) Intuition is a real indicator, and it grows every time you see the same pattern unfold.

The more you trade, the more accurate your intuition gets.

12) Trading is about making money, not about winning or losing.

13) Trading isn’t about making money fast; it’s about making consistent progress over time.

14) You won’t make money trading if you aren’t willing to lose it.

15) The average trader does a lot of really hard thinking.

And when you make some money, do not keep all of it online.

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Having made your money, keeping it, should be the final and most rewarding stage of your journey as a beginner in Crypto and Forex Trading.

How to be a success in trading (A beginners manual)

Imagine yourself in 10 years:

– Successful trader

– Trade where you want

– Trade when you want

– Financial freedom

But you want to give up now because you are not a millionaire after 2 months or 2 years?

You’re mad!!!

Throw that quick rich( Instagram traders) mentality and stick to the plan.

Enjoy the process.

The journey is a marathon not a sprint.

Nothing comes that easy.

Not even being a success in trading.

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Dear Trader ‼️

I want you to visualise yourself in the next coming six months of the year.

Imagine yourself profitable, taking care of your loved ones and financially free.

See yourself making weekly withdrawals.

Walking into that new apartment.

See yourself affording the lifestyle you’ve always wanted for yourself.

All this is possible, you just need to learn the correct material and backtest it every single day until it is engraved in your brain.

The power is in your hands. 📈📉📚🙏✍️

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Invest while the market is crashing,

Before this #Bitcoin  bull run starts.

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In this arena, it’s not about luck, it’s about calculated decisions and raw intellect.

Do you think I make my moves based on gut feelings?

Think again.

Every.

Single.

Trade.

Needs a backbone.

A rationale.

A STRATEGY.

This isn’t a lottery ticket.

This is chess.

And if you’re not playing with a master plan, you’re just another pawn about to get knocked off the board.

You can try

XM Capital

For forex and crypto trading at

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Trading is a very lonely journey.

Often, it will feel very hard as if you want to quit.

But the beauty of it is, if the potential is unlocked the earning is unlimited.

Unlock your potential today.

Using AI software will make you come to a time you’ll be making $10,000 a week or $200,000 in six months trading or even half a million that sametime, so why rush the process and want to show others you’re too good when you’re still struggling?

𝐓𝐡𝐞 𝐛𝐞𝐬𝐭 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐁𝐞𝐠𝐢𝐧𝐧𝐞𝐫𝐬 & 𝐄𝐱𝐩𝐞𝐫𝐭 𝐓𝐫𝐚𝐝𝐞𝐫𝐬!

It can do everything crucial for you as a forex or crypto trader, that’s finding best times to place orders, close trades and test strategies to ensure successful trades

𝑪𝒐𝒓𝒆 𝑩𝒆𝒏𝒆𝒇𝒊𝒕𝒔:

1- The Forexcopier Robot searches for profitable trading opportunities round-the-clock, 5 days a week. Therefore, unless you disable it, you will never miss a profitable trade opportunity.

2-In contrast to us, this Forexcopier Robot does not exhibit emotional instability and will only function in an environment that is completely calculating.

3. It automatically analyzes the market data.

For inquiries get in touch

https://forexcopier.com/afs/idevaffiliate.php?id=1010

#forex #forexrobot #forexsoftware #forextrader #forextradingsoftware #forexlife

Submit to the process the fruits are endless 💯

Good day 👋

As A Trader You Should Know

When To Buy

When To Sell &

When To Avoid The Market

When to keep some of your assets offline.

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No risk, no reward.

No edge, no profit.

No discipline, no efficiency.

No patience, no great execution.

No confidence, no fearless mind.

No self-esteem, no mind control.

No consistency, no compound effect.

No persistence, no long term success.

As a beginner to be a success in trading needs you to get skills both mental and physical.

Start getting them today so that you can have a brighter tommorow.

Why all beginning traders should be risk managers first.

Good Morning Risk Managers.

Another day to remind you that most of the market preparation is done before the market hours.

One hour before market opens should be your mental preparation hours.

This is how you develop the mental edge.

Probably if you don’t know your MENTAL EDGE is more important than TECHNICAL EDGE.

Activities which you give you a MENTAL EDGE;

-Meditation.

-Exercise.

-Journaling.

-Proper market analysis.

-Watching psychology videos.

MENTAL ALWAYS TRIUMPHS.

#Crypto has made more millionaires in 1 year than college degrees have in 15 years.

The Basic Difference between Trading and Medicine (or other Areas of Education)

In medicine, there is so much to learn (in terms of quantity/large collection of books).

Little to learn in fx bt deeper learning required for that little.

But the main difference is:

What you learn in medicine is static; what you learn in fx keeps changing depending on the context/scenario.

To use an analogy, in medicine, you learn all the 23 letters in the alphabet.

These letters never change regardless of the situation.

A remains A.

For example, if one suffers from disease A, that cannot be interpreted as disease B no matter the situation.

Whether you’re in Britain or Kenya, pneumonia will just be considered pneumonia.

In fx, you only learn 3 letters of the alphabet, for example, F, G and H.

However, each letter can be interpreted differently depending on the situation.

For example, for scenario 1, F will be F; but for scenario 2, F can mean a combination of F and H, and for scenario 3, F can be G.

For example, at a given time, breaking the resistance level can mean a change of trend; at a different time, breaking the resistance level can mean picking the liquidity rather than changing the trend.

One of the reason why a very successful trader can be considered more of an artist than a scientist.

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Maintain a detailed trading journal to record your trades, thoughts, and emotions.

Analyzing past trades can help you identify patterns in your decision-making process and learn from both your successes and mistakes.

This self-reflection can lead to improved trading strategies over time.

“I don’t invest in anything I don’t understand”, Warren Buffet.

This single saying has given Buffer an edge over other stock investors.

As a trader, there is absolutely no need to trade a pair which you don’t understand.

Understanding a pair means backtesting it, trading it on demo and live.

The more you trade a pair the more you understand its temperament.

Chose one or 2 pairs.

Backtest them thoroughly and stick to them.

Don’t be like the majority of traders.

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Get to know them, learn from their journeys and use it to hone your skills even further!

Welcome to the big leagues.

Learn more here:

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#Welcometothebigleagues

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In the longterm, this will also build your patience.

The larger the account – the larger the ego.

The larger the ego – the larger the risk appetite.

The larger the risk appetite – the larger the losses.

If you can’t tame your ego and get your tenets right on a small account then save yourself from a bigger account.

Investments are a necessity , making them early is important.

But what’s better is having a company that guarantees minimum risk of losing.

And then you have this platform that helps beginners

XM Capital

For forex trading at

https://clicks.pipaffiliates.com/c?c=676250&l=en&p=0

This is why you will be doing 0.50 lotsize on a $50 account and after several losses, you’re left with $5 and your brain resets to coming back to 0.01 – it’s a roller coaster.

You know in your mind how wrong it is to open 5 positions on a $20 account but you’re tempted by your desires to hit a million $$ over the next 1 week – but we all know the end results of temptations!.

Your self awareness is paramount in trading.

Like knowing when to use AI software to increase your profitability.

𝐓𝐡𝐞 𝐛𝐞𝐬𝐭 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐁𝐞𝐠𝐢𝐧𝐧𝐞𝐫𝐬 & 𝐄𝐱𝐩𝐞𝐫𝐭 𝐓𝐫𝐚𝐝𝐞𝐫𝐬!

It can do everything crucial for you as a forex trader, that’s finding best times to place orders, close trades and test strategies to ensure successful trades

𝑪𝒐𝒓𝒆 𝑩𝒆𝒏𝒆𝒇𝒊𝒕𝒔:

1- The Forexcopier Robot searches for profitable trading opportunities round-the-clock, 5 days a week. Therefore, unless you disable it, you will never miss a profitable trade opportunity.

2-In contrast to us, this Forexcopier Robot does not exhibit emotional instability and will only function in an environment that is completely calculating.

3. It automatically analyzes the market data.

For inquiries get in touch

https://forexcopier.com/afs/idevaffiliate.php?id=1010

#forex #forexrobot #forexsoftware #forextrader #forextradingsoftware #forexlife

Its not everything your mentor will open up and tell you about.

Some things are revealed via practice with diligent devotion and studies of what you were taught..

If you don’t practice with an open heart to understand in details , you will remain the same way you were before you met your mentor.

With no money.

And when you do get some money, learn not to keep all of it online.

Don’t trust exchanges with all your money.

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Knowledge is just knowledge.. what brings changes is consistent practice and implementation of that knowledge then your eyes will open to the several variations of how you can apply that knowledge, for your benefit.

The most important trade is the NEXT TRADE.

Not the last trade.

That is why you should always release the feelings of the last trade and focus on the NEXT TRADE.

Take that loss and don’t let it get to you.

This is just business.

Impatience stems from positive expectations and a desire for quick results.

To cultivate patience, adjust your expectations and focus on the journey.

It’s about the process, not just the outcome.

And it is the process that will make you a good risk manager who gets to not only keep their money, but make more also.

Is there instant success in forex trading for beginners

Imagine yourself in 10 years:

– Successful trader

– Trade where you want

– Trade when you want

– Financial freedom

But you want to give up now because you are not a millionaire after 2 months or 2 years?

You’re mad!!!

Throw that get rich quick ( Instagram traders) mentality and stick to the plan.

Enjoy the process

The journey is a marathon not a sprint

Nothing comes that easy

Intelligent people learn from their own mistakes ,wise people learn from other peoples mistakes.

Learn and read from the experience of others.

It should not take years to learn the game.

Investments are a necessity , making them early is important.

But what’s better is having a company that guarantees minimum risk of losing.

And then you have this platform that helps beginners

XM Capital

For forex trading at

https://clicks.pipaffiliates.com/c?c=676250&l=en&p=0

I’ve been getting a lot of questions since about STARTING SMALL…

Get a 100usd account.. risk 5usd per trade,U will need 20 trades to blow up ur account.

*If u have a 40% win rate with a reward of 1:3.

For every 5usd u get a reward of 15usd….

With a 40% win rate which means 40% × 3 ( 3 is the reward per trade) you get 120% return .. your 60% loss has been gained with 60% profit..

This means if you take a total of 10 trades and loose 6, u loose 6×5usd = 30usd and have 70usd as your current balance from your 100usd..

If you win 4 out of 10.

It is 4×5 = 20usd then ur 20usd times 3( your reward of 1:3 per trade)

*You have a total of 60usd*… Your initial 30usd loss + your 70usd , you get back your capital with a *30usd profit*

Note:- to trade like this , you must strictly know how to calculate your lotsize based on your setup.

Your risk per trade is constant (5usd) what changes may be the stoploss and this is what also gives changes to your lotsize…

Introducing Exness Team Pro

A group of highly skilled traders ready to share with you their personal experiences, unique insights and proven strategies; all here at Exness.

They inspire and guide traders by empowering local communities in the dynamic world of trading.

Exness Team Pro is committed both to educating aspiring traders and inspiring professional traders with new ideas and strategies.

Get to know them, learn from their journeys and use it to hone your skills even further!

Welcome to the big leagues.

Learn more here:

#ExnessTeamPro
#Welcometothebigleagues

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Lotsize are not constant, your LOTSIZE is determined by your *CONSTANT RISK*

.. THIS IS ONE OF THE HARDEST PARTS TO GASP BECAUSE IT INVOLVES A LOT OF MATHEMATICS.

*YOU MUST MAKE SURE THE LOTSIZE YOU SET PER TRADE IS EQUIVALENT TO 5USD LOSS ONCE PRICE HITS UR STOPLOSS*

*If you have 1000usd capital, you can decide to risk 20usd per trade… It will take upto 50 trades to blow up your account.*

*If you have a 500usd Capital, you can decide to risk 10usd per trade… It will take UpTo 50 trades to blow up your account*

The Possibilities in the market are endless *7% weekly with a 10usd risk is over 70usd*
*7% weekly with a 5usd risk is over 45usd*

All you need to do is have a working and proven strategy of 1:3 with a winrate of 40%.

*Filter out pairs and choose pairs that trend and gives you set-up 60% of the time.*

*When it comes to TRADING SETUP, not every asset class is your friend, most pairs are stingy with YOUR SETUP, IT IS LEFT FOR U TO DISCOVER THEM AND CHOOSE PAIRS THAT PRESENTS YOUR SET-UP CONSTANTLY WITH A LOW RISK HIGH REWARD…*

*I don’t trade *NZD PAIRS* cos of the spread.

I don’t trade *JPY pairs* because they hardly pull back or retrace…

*Usdcad and eurchf * because of the nature of the pair movements, generally chf also spreads.

So I have several factors and reasons why i don’t trade most pairs.

All this still falls in line to *PAIR SELECTION BASED ON YOUR TRADING SET-UP AND APPROACH*

You can try AI software to help you once you get a pair selection that you like.

𝐓𝐡𝐞 𝐛𝐞𝐬𝐭 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐁𝐞𝐠𝐢𝐧𝐧𝐞𝐫𝐬 & 𝐄𝐱𝐩𝐞𝐫𝐭 𝐓𝐫𝐚𝐝𝐞𝐫𝐬!

It can do everything crucial for you as a forex trader, that’s finding best times to place orders, close trades and test strategies to ensure successful trades

𝑪𝒐𝒓𝒆 𝑩𝒆𝒏𝒆𝒇𝒊𝒕𝒔:

1- The Forexcopier Robot searches for profitable trading opportunities round-the-clock, 5 days a week.

Therefore, unless you disable it, you will never miss a profitable trade opportunity.

2-In contrast to us, this Forexcopier Robot does not exhibit emotional instability and will only function in an environment that is completely calculating.

3. It automatically analyzes the market data.

For inquiries get in touch

https://forexcopier.com/afs/idevaffiliate.php?id=1010

#forex #forexrobot #forexsoftware #forextrader #forextradingsoftware #forexlife

Forex Dilemma: A Psychological Problem That Plagues Many

This is a common problem in forex.

Let me know how you go about it, as an individual.

Be honest with yourself (Is what you say or think always different from your real action).

We always struggle with what you think you should do versus how you think you might act in the real world.

**ASSUMPTIONS**:

-Trading your own capital, capital of $2,000

-No trading rules (you can choose leverage, leverage, open many positions, trade news and holding trades as you wish)

-you saved this money for months and so it means a lot to you

**TRADING SCENARIO**:

-You opened a trade and by mistake you didn’t put a loss (some of you may say, “You should have placed a stop loss immediately you entered” etc, but let’s assume for some reasons you didn’t put it, for example, you realized that you’ve managed to predict the market direction correctly in the past but you’re always stopped out, so you think you’re not going to give them another chance to do this, this time)

-You did open a buy position with a large lot size at a strong support level once the market starts moving up.

But just immediately after entering, the market goes against you.

But you hope it’s coming back your way as you think it just went down to test the support level once more.

– You also assume the furthest the market can go against you is only 50 pips and in that case your loss will only be 5%, which gives you confidence.

You’ve checked with daily and weekly charts and considered this a very strong support level.

So, this is a very rare setup as it comes once in a while and you thought you should take full advantage of it (trying to write what you feel or have observed)

– You hold on to the trade.

But something happens and it drops to 60 pips but you think it’s not very far from your expected 50 pips drop (maybe you think it went down to take out some stop losses, something that you’ve avoided by not placing the sl- somehow you think you’re smart)

-The market comes back to the level you opened your position (your confidence grows) but then drops again to 50 pips and then unexpectedly 100 pips (10% loss and fear somehow kicks in).

You think you cannot take such a huge loss- you want the loss to reduce to 30 pips (3% or $60 loss) to exit, a loss that is okay with you.

The loss reduces to 40 pips and now you think your strategy of exiting the market with a small loss will work, but all of a sudden the price drops to a new loss of 80 pips and then 150 pips (15% or $300 loss).

But now you presume this is the end of that drop and keep holding on, because you’ve sworn to yourself not to take such a huge loss.

-At this level you’re in fear, denial, bitter and irrational.

You keep waiting.

– After 4 days of holding, your loss multiplies to 50% ($1,000).

After 8 trading days of holding, your loss now grows to $1,600.

You now start sensing a possibility of being wiped out.

You’re ready to act but not sure how.

If you take the loss, you think it would be hard to recover the lost $1,600 as your lot size will even reduce with the current $400 trading capital.

You also think the small $400 capital cannot feed you consistently as you had planned earlier; so you feel it might be useless to trade with capital unless you scalp, which is also risky.

Somehow you feel holding the loss can lead to a better level of exiting the market (at a much smaller loss- say, $1000- than the current one).

However, you’re also aware that continuing to hold this trade might lead to a total loss of the capital.

What will you do?

Be more honest with yourself when you trade; you might find someone who helps you overcome this complex problem in forex.

N/B. This is not my current situation but I have experienced such an incidences so many times in the past.

Intelligent people learn from their own mistakes ,wise people learn from other peoples mistakes.

Learn and read from the experience of others.

It should not take years to learn the game.

And when you do.

Do not keep all your profits in the markets.

Don’t trust exchanges with all your money.

Make it yours with a hardware wallet!

🌐 Open source security

🔒 Privacy enhanced

🪙 1000+ supported assets

Protect yourself from hacks

Free shipping worldwide

Spread the word and don’t forget to use your link!

https://shop.ledger.com/?r=506dcecb6d51

While still on the charts*

*Be more opportunity focused*

*This comes first before risk management*

Its all about *WHERE WILL I MAKE THE MOST MONEY WITH THE LOWEST AMOUNT OF RISK*

No One Becomes A Successful Trader Without Making A Mistake.

Every FOREX trader has a problem of overthinking

Trading becomes better when you do it for the PROCESS and not the PRICE.

Fixing your eyes on the price will make you fall easily in to the many traps of trading.

E.g greed, fear, over excitement etc.

Doing it for the process means you follow through every facet with understanding and embodiment.

So there is no instant success in trading forex.

You have to pay your dues.

You have to learn.

You have to have patience.

You have to control your psychology.

This all takes time.

How to get out of a loosing streak as Trader who is beginning to trade

This is what happens to most traders on a losing trade.

You enter a trade and it goes against you.

Normally your general tolerance for a trade is about -20 pips, after which you consider the loss to be too much and the trade a probable fail.

Initially it goes to -8 pips… then -15… then -28…

Your brain and ego seek escape, avoidance and denial start to make their way into your system.… you say to yourself….

“it will turn around any time soon” … -33… “I am sure it will soon turn.”

This my friend is gambling…

Then it becomes real, and you do not WANT to realize the huge loss.

You stretch the denial and you find yourself in the hoping and wishing mode… entirely disconnected from reality.

#Crypto has made more millionaires in 1 year than college degrees have in 15 years.

Invest while the market is crashing,

Before this #Bitcoin  bull run starts.

Those who follow me now have a second chance to get rich…..by avoiding gambling with your money.

Don’t regret it….
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STOP.

It’s about time we revolutionize trading in a professional civilized manner where we only talk charts and not lifestyle showbiz.

Do Not Try Forex If You Are Not Willing To Sacrifice Everything.

Don’t Try It If You Are Not Willing To Experience Sleepless Nights.

If You Are Not Willing To Be A Victim Of Depression.

If You Are Not Willing To Be Single Because This Thing Is Like A Vampire.

It Will Suck Your Feelings Out Of You.

When I Had A Chance To Buy Clothes, I Funded My Account.

When I Had A Chance To Buy Accessories, I Funded The Account.

When I Had A Chance To Buy Grocery, I Funded The Account.

When I Had A Chance To Pay Off Some Debts, I Funded My Account And It Didn’t End Well.

This Thing, It Got Me Blacklisted And Nobody Knew That Till This Very Moment.

Once You Are In, You Are All In.

There’s No Going Back.

And It Is The Very Same Thing That Had My Back When I Was Down And Out.

I Literally Sold My Soul For Forex.

Introducing Exness Team Pro

A group of highly skilled traders ready to share with you their personal experiences, unique insights and proven strategies; all here at Exness.

They inspire and guide traders by empowering local communities in the dynamic world of trading.

Exness Team Pro is committed both to educating aspiring traders and inspiring professional traders with new ideas and strategies.

Get to know them, learn from their journeys and use it to hone your skills even further!

Welcome to the big leagues.

Learn more here:

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Guys let’s stop greed and grow our accounts.

It’s gonna take you time but just grow that account.

Make Forex or crypto your hustle, make it your career and plan to expand it.

Investments are a necessity , making them early is important.

But what’s better is having a company that guarantees minimum risk of losing.

And then you have this platform that helps beginners

XM Capital

For forex trading at

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Most of you loose terribly because you trade to gamble.

As a gambler you have a 50/50 chance of winning or loosing.

Well, forex is not football that can slide .

There are rules, there are winning rules which are determined by demand and supply.

It’s not a competition but the above determinants must be satisfied.

The more knowledge you gather about them the higher your percentage of success in trading.

If you remove demand from the market then there is no supply, the opposite is true.

They work hand in hand your work is to know when there is demand or supply in the market understand their levels and volume change.

So if you find yourself loosing and you did not understand why, then know you are gambling or you missed something in your analysis.

News can cause unexpected liquidity in the market, but big participants also can create liquidity to trap the small participants like ‘us’ traders and later the markets proceeds to follow it’s own law of demand and supply.

Be smart when you trading.

Make sure all your senses present.

There is a wonderful trading week ahead of you all.

Intelligent people learn from their own mistakes ,wise people learn from other peoples mistakes.

Learn and read from the experience of others.

It should not take years to learn the game.

And if you are still having problems, use AI software to help you.

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It can do everything crucial for you as a forex and crypto trader, that’s finding best times to place orders, close trades and test strategies to ensure successful trades.


𝑪𝒐𝒓𝒆 𝑩𝒆𝒏𝒆𝒇𝒊𝒕𝒔:

1- The Forexcopier Robot searches for profitable trading opportunities round-the-clock, 5 days a week.

Therefore, unless you disable it, you will never miss a profitable trade opportunity.

2-In contrast to us, this Forexcopier Robot does not exhibit emotional instability and will only function in an environment that is completely calculating.

3. It automatically analyzes the market data.

For inquiries get in touch

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Let’s face the facts.

In forex and crypto trading, there is nothing greater than having a proper risk management and trading psychology…

Without any doubts those of you who are or have traded demo accounts will definitely agree with me, or won’t you?

Look at this:

You successfully traded demo accounts because your trading psychology was on point (you traded/trading having no fear) because is simply not your real money but a demo.

Case closed, or is it?

In this case, if both your trading psychology and risk management are not in order while trading a REAL ACCOUNT you’re already facing 90% chance of failing or losing in your trading.

Or don’t you believe me?

See how many trading strategies that you know so far.

I can help you with trading psychology but first of all you need to help out yourselves by doing the following to maximize your brain power and build stable, focused trading psychology.

1. Understand that trading is risky and you can lose money anytime.

2. Only deposit money that you can afford to lose.

3. Always think positive about your trading career.

4. Meditate on your goals.

5. Focus on making/profiting more pips, and don’t focus too much on making more dollars.

6. Never open or add another position on the same pair if you still having the running trade on that particular pair.

7. Place a trade and close your platform, come back after 4 hours to monitor, because watching running trades will make your trading career short and kill your mindset.

8. Be thankful..

9. Don’t keep all your profits online.

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Now looking at Risk management.

1. Open less than 3 trades at a time trade one pair..

2. Never ever add trade in a pair having running position/trade.

3. Before placing an order, always ask yourself why you have to buy or Sell.

4.Take your time to analyze that’s how you take sniper entries..

5. Risk Only 2 USD stop loss for a 10$ account using lot size of 0.01…

SIMPLE TRADING STRATEGIES FOR BEGINNERS

BEFORE YOU TRADE

1.LOOK AT THE TREND

2.IF BULLISH

3.IF THE PRICE IS AT THE RESISTANCE LEVEL

4.IF YES DO A A SELL

No One Becomes A Successful Trader Without Making A Mistake Once in a while.

But you can snap out of a loosing streak by concentrating on advice given above.

21 best ways for beginners to start trading

I’ll give you the procedure.

1. Get a laptop or smart phone and good long term internet connection.

2. Register with a simple broker preferably

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3. Download mt4/mt5

4. Choose a pair preferably gold (XAUUSD).

5. Look at a plain candle chart.

Use the lowest possible time frame preferably the 1, as it has the most action per hour.

6. Just keep looking feel the price structure try to figure out the problem.

7. Keep looking to have that connection with the market try to figure out on your own how you predict price movement.

8. Get a horizontal lines script from mql5 add to chart and see how often the prices are shifting from on horizontal line to the next.

10. Try opening a demo trade upon feeling how the prices are jumping between horizontal lines and across horizontal lines.

11. Set a stop loss on the previous horizontal line and a tp on the next horizontal lines.

12. Weather loss or profit do not get exited or angry its a normal.

13. Go to Exness and get a course on broker to help you.

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The only profitable trading strategy is to know the direction/trend of the market and to avoid trading against the trend

Most importantly patience is the key, don’t chase a trend wait for pullbacks and place trades at the end of a pullback

14. After finishing registering, classify your trades in your trade history, classify the winners and the loosers, classify factors common to either group.

15. Use your statistics ability to classify your edge.

16. State the problem about your edge and how to solve it statistically.

17. Time to study forex study things such as leverage, margin, lot, etc.

18. Learn a forex programming language, eg mql5 or mql4 or pinescript or python.

It will help you simplify your analysis.

19. Open a second demo account and now use all that your knowledge to trade you should be profitable.

20. Open an XM Capital or Exness account, deposit 1000 and trade using your knowledge after the account has doubled go to Ledger and deposit your profits.

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21. Congratulations on your first withdrawal keep going.

This journey will take you 1-2 years.

It took me 5 yrs to be profitable, while I was just fumbling around.

You will unlock the path to success in trading.

Learn why traits like patience, discipline, and journaling are crucial for consistent profitability.

Let’s work on becoming composed winners in the trading world!

Transform your mental landscape for trading excellence.

Learn the technique of redirecting negative thoughts towards productive outcomes and conquer challenges with a powerful mindset.

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If you fear missing out on trades

Entering trades

Or leaving money on the table

You need more experience

And practice.

My advice to upcoming traders is find 2 to 3 pairs and gain mastery on how the market movement happens…

It will definitely ease the toxicity in your trading journey.

Stop trading everything you see in the market, you’ll keep loosing and loosing till you learn, so try and reduce your watch list.

I stopped trading many pairs.

The only pairs available on my watch list is GBPUSD, EURUSD, USDCHF and I’ve gradually mastered the behavior of those patterns that may likely repeat over and over again.

In the course of my studies I’ve discovered few candlestick patterns that have a high probability of reversals and continuity.

It’s one thing to master a particular pair and its another thing to also have great discipline and patience to stick to it even during loosing streaks.

When you understand how a certain pair works you don’t mind waiting hours, days, weeks and months to get a high probability/ profitable setup!!

💎 gem of the day 💎

Fair value gaps are easily my favorite pd array.

I love them.

“fvg’s are an entry point, a target and a means to measure shift in sentiment as price shifts from buy program to sell program or sell program to buy programs…”

I am more wealth minded than problem and issue minded

A wealth minded person knows that time is value , it is an asset on its own.

When used well it creates wealth. ( Compound Effect )

24 hrs, daily is given freely to all men, how we individuals spend ours daily is the difference.

*TIME IS AN ASSET USED TO CREATE WEALTH.. TIME IS MONEY*

You can use other tools like AI software to make better use of your time.

𝐓𝐡𝐞 𝐛𝐞𝐬𝐭 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐁𝐞𝐠𝐢𝐧𝐧𝐞𝐫𝐬 & 𝐄𝐱𝐩𝐞𝐫𝐭 𝐓𝐫𝐚𝐝𝐞𝐫𝐬!

It can do everything crucial for you as a forex or crypto trader, and that’s finding best times to place orders, close trades and test strategies to ensure successful trades

𝑪𝒐𝒓𝒆 𝑩𝒆𝒏𝒆𝒇𝒊𝒕𝒔:

1- The Forexcopier Robot searches for profitable trading opportunities round-the-clock, 5 days a week.

Therefore, unless you disable it, you will never miss a profitable trade opportunity.

2-In contrast to us, this Forexcopier Robot does not exhibit emotional instability and will only function in an environment that is completely calculating.

3. It automatically analyzes the market data.

For inquiries get in touch
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So these are 21 of best ways for beginners to not only start trading, but also profitably and with an extra bonus of were to save your money offline.

5 Steps To Prepare You For A New Trading Week (As A Beginner)

1. Analyse the US dollar index to determine the strength of the dollar versus other currencies.

2. Choose 3-5 XXXUSD or and USDXXX pairs to analyse based on the DXY.

3. Wait for those pairs to test significant higher time frame zones and take sells and buys simultaneously depending on the DXY direction.

4. If a significant zone has been tested already on the higher timeframe, look for continuation patterns and take sell and buys simultaneously depending on the DXY direction.

5. Hold and monitor your trades till the next significant opposite zone.

𝐓𝐡𝐞 𝐛𝐞𝐬𝐭 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐁𝐞𝐠𝐢𝐧𝐧𝐞𝐫𝐬 & 𝐄𝐱𝐩𝐞𝐫𝐭 𝐓𝐫𝐚𝐝𝐞𝐫𝐬!


This AI software can do everything crucial for you as a forex trader, that’s finding best times to place orders, close trades and test strategies to ensure successful trades….. every single week.

𝑪𝒐𝒓𝒆 𝑩𝒆𝒏𝒆𝒇𝒊𝒕𝒔:

1- The Forexcopier Robot searches for profitable trading opportunities round-the-clock, 5 days a week.

Therefore, unless you disable it, you will never miss a profitable trade opportunity.

2-In contrast to us, this Forexcopier Robot does not exhibit emotional instability and will only function in an environment that is completely calculating.

3. It automatically analyzes the market data.

For inquiries get in touch

https://forexcopier.com/afs/idevaffiliate.php?id=1010

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This One Element Will Help You Predict Reversals Successfully

Predicting reversals is every trader’s dream.

Catching a reversal essentially means catching a trend at the very beginning of the trend.

This equals to maximum profits for the trader.

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What experience has taught me is that, one element that will ensure you catch the reversal at the right time is higher timeframe candle closes.

Until the monthly candle closes in your direction, no matter the pattern completion or whatever.

Don’t try to be smart and enter a reversal prematurely.

Wait for the monthly to close in your bias then start seeking for a setup in your direction on the lower timeframe.

This will test your patience BUT rather late than sorry.

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You can try

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There is nothing like the best strategy, all work when approached differently.


This is a simple MA cross + RSI 5 years backtest, so if you are being worried whether indicators work or not, they work just like every other strategies but only when used in an automated trading set up.

If you are receiving indicators signals manually, you will soon lose your entire account! I think it’s obvious why.

As a trader you first Trading Rule should be integrity to thyself.

Introducing Exness Team Pro

A group of highly skilled traders ready to share with you their personal experiences, unique insights and proven strategies; all here at Exness.

They inspire and guide traders by empowering local communities in the dynamic world of trading.

Exness Team Pro is committed both to educating aspiring traders and inspiring professional traders with new ideas and strategies.

Get to know them, learn from their journeys and use it to hone your skills even further!

Welcome to the big leagues.

https://one.exness-track.com/a/c_7hfrg0krwc

You have to always be brutally honest with yourself about your career.

Ask yourself these questions?

+ What has been my performance for the last 2 years?

Is there change?

+ CWhat do I need to proceed to the next level?

+ I’m I rushing the process?

+ Why am I really trading?

In fact out of all these questions, your WHY has to be strong.

Trading is like a big mirror.

If you choose to live a chaotic life, why would your trading be any different?

Build a routine that aligns with your trading identity.

And once everything starts falling into place and you start making some money, do not keep it all online.

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These 5 steps and more should be enough to prepare you for each and every new trading week.

Do not become a forex or crypto trader if you want to make fast money.

If your goal is to enter trading with the aim to make fast money, abandon that notion.

Trading is a skill that demands a long-term approach not a gambler’s mentality.

Once You Become A Consistent Trader, You Will Notice That Losing Is Part Of Winning

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There are two categories of traders in the forex and crypto markets.

1. Those who have just the basic knowledge of trading (beginner traders) and

2. Those who have mastered the technical and fundamental aspect of trading (professional traders)

Those with the basic knowledge are those people who understand what forex and crypto terminologies mean like: buy, sell, take partial profit, stop loss, take profit, stop loss at break even, spread etc.

The beginners…..

They don’t know how to analyze the market and enter trades on their own, instead they end up paying the pro traders and depend on them for their signals.

Does this mean they don’t make money?

Far from it, a lot of people in this category make money or even more than the pro traders.

Why? Because, your equity will determine how much you are willing to risk.

What about those with the technical knowledge.

This ones have gone ahead to learn how the market works, they understand chart patterns, candlesticks, support and resistance, price action etc. and know how to position each one to make the right decision.

These guys are the one who painstakingly work day and night trying to understand market positions and when to enter a trade.

It takes years of practice to get to this level, and this is the reason why those who provide signals do so with a price.

Our people are lazy yet they wanna be financial free to be rich.

When you want to trade Forex or crypto, just know that forex and crypto trading is more like any business which means you can’t always make profit but sometimes on bad market days you will make losses.

Lazy People believe in investing more than investing in knowledge.

My point is, you all get scammed easily because you want to be rich over night with these 4hrs investment.

Ask yourself will there really be a stranger who could really turn your 50$ to 5000$ in 4hrs?

How though ?

Its too good to be true.

And I guess that person, doesn’t apply risk management at all, so if you want to stop crying then learn it for yourself.
So that you can understand what you are investing in.

Forex is long term….📉📈🫀

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You can try

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The advantage of having this knowledge is that you don’t have to depend on anyone for your trades, you trade whenever the market aligns with your strategy.

One good thing about forex and crypto trading is that, there is room for everyone to make money.

As a beginner, you can make as much money as a pro with the right information.

A lot of people trading the market just have the basic knowledge and they are doing fine.

Everyone mustn’t be a pro, so don’t wait until you have learnt everything in forex or crypto to take a shot at it.

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If you aren’t a pro trader, pay those with the skills to provide you with information to trade with.

At the end of the day, how much you make depends on your equity.

Well you must also have a mathematical edge.

However, your psychology is what gives you the true mental edge.

True mental edge is;

-Not allowing your mind to control you during trading.

-Maintaining utmost focus during the trade period.

Trading is like doing surgery, without focus on the target you are just playing games.

-Setting and forgetting.

Lets face it, its always heads or tail.

-Waiting till the winners hit tp.

If you can’t wait for your winners to hit tp then you need to start waiting for them to hit tp.

-Know when to add more furnace to the fire.

Do it strategically.

A few things you need to remove from your trading plan if you want a good equity curve to happen for you.

1. Partial profits.

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2. Trailing your trade.

Don’t trail your trade.

If it reverses without hitting your TP then you took the wrong setup.

3. Too early breakeven.

Come on, why simp with the profits you haven’t closed yet?

4. Confirmation on every setup.

Opposite of aggressive/confident entry.

No one expects multiple stops before price eventually goes your way.

Set it and forget it.

Go play pool…or something.

5. Complicated trading plans of up to 10 pages.

There is no positive correlation between knowing too much and accuracy.

Trading is all about optimizing a simple strategy.

Theoretically moving average crossover sounds useless, but if you optimize such a trading bot it might turn out to be a killer strategy.

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6. Playing too defensive up to 0.1% per trade!!??

There is no reward for having the lowest drawdown in history.

7. Trading 1 or 2 pairs.

This might be subjective but here is the thing…. you need to make as many trades as possible so as to increase the odds of having a positive expectancy in the long-run.

So less is not equal to more in trading (unless you have a proven strategy).

I don’t know much about chemistry, but if you take a glass rod and mix the above factors with a solid Supply and Demand strategy, you will end up having a liquid called SMC(also called ICT) which is red in color….not good.

It’s time you heat up your trading plan and remain with your initial solid plan.

Trading was simple untill wise men came in.

In Forex We Have Something We Call The ChoCH.

The ChoCh In SMC Implies A Change Of Character.

Which Means Price Has Changed Direction.

And I Like To Compare Forex Concepts With Real Life Concepts.

In Life There Are Just Some Things You’ll Need To Leave Behind.

In Life There Are Just Some Things That Are Holding You Back.

There Are Just Some Things That Corrupt You.

Things That Are Blocking All Your Greatness.

And Most Of The Time We Are Fully Aware Of The Things That Delay Our Progress…. But We Do It Anyway.

So You Need A Change Of Character.

You Need To Take Another Direction, Because The One In Which You’re Moving In Now Isn’t Working.

And In Life You Need To Have An SL.

You Need To Know Your Limits And Stay Committed To Your Personal Commitments.

Many Kings Have Fallen Because They Obeyed Their Distractions.

So Don’t Be Carried Away By The Glitters Of Life.

80% of traders are shooting themselves in the foot.

They’re navigating the vicious world of trading BLIND.

Why?

They aren’t using a trading journal.

You think success comes from winging it?

Think again.

Every champion, every king, every legend in the game has an edge.

Yours?

A journal to track, refine, and improve every move you make.

Stand apart.

Be in the 20%.

Master your mind and trades.

Every entry isn’t just data.

It’s a step closer to dominance.

START NOW.

If you’ve lost on a trade, just tell the market it hurt your feelings.

I hear it’s very empathetic.

But let’s be real.

Markets don’t care about your feelings.

They don’t care about your dreams, your fears, or your ambitions.

They are ruthless, unforgiving, and indifferent to everything except numbers.

Losses?

They’re part of the game.

If you’re in this to win, you must embrace the fact that you will face losses.

The market will challenge you, taunt you, and sometimes, it’ll knock you down.

What matters is how you respond.

The market isn’t a friend that’s going to pat you on the back and tell you everything’s going to be okay.

It’s a battlefield.

Every trade is a fight.

Every decision is a strategic move.

If you want to win, you must think like a warrior.

As a beginner do not dwell on demo account for long, it will damage your psychology.

I remember a post someone made saying, if he had control of demo accounts, he won’t let traders use it more than two weeks before they fund a live account.

And I agree.

So many traders freeze once they are on a real account, they are indecisive on what to do because they are trying to protect their equity.

You can’t become a good trader on a demo account, because:

There is this security that comes with protecting what is yours.

On a demo account, you will find yourself jumping from one trade or the other and you keep telling yourself, you are testing to see how good you are.

But assuming it was a live account, you will see yourself asking yourself what trade should you enter because you don’t want to lose a cent, you become meticulous in thinking.

There is this awareness live account creates, it puts you in a state of reality knowing that any action you take can either profit you or you loose out.

How can you say you are practicing money management with money that can’t be used up, fund your account and then you will understand what money management truly means.

Imagine making $200 per trade on demo account and then you find out on a live account you don’t have the courage to go all in.

Demo account is just like a person who is learning how to drive using simulation.

You can’t call yourself a professional driver until you sit on the driver’s seat and take the car for a real drive.

Do not enter into trading if you want to make fast money.

It just won’t happen because this is NOT gambling.

Non technical termins for beginners in Crypto and Forex Trading

So I promised to explain in details what the Forex terminologies mean.

For this reason I will be grouping them into two categories, technical and non technical.

The technical terms such as
Spread
Break even
Partial profit
Pips

Will be discussed individually for better understanding.

But today I will be treating the non technical terms.

1. BUY: What do we mean when we say buy in Forex?

We are simply saying that the currency pair will go upwards.

Let’s assume you were given a signal to Buy XAU/USD now

What we are telling you to do is to go to your trading app, look for this currency pair and click on the buy button.

Which means at the time the signal was sent, if you entered the signal trade and the market moved according to the prediction, it means you will close in profit.

2. SELL: Sell is the opposite of buy.

When we say sell, we are simply saying that the currency pair we are looking to trade will go downwards.

3. EQUITY: This is simply the amount of money you deposited into your trading account.

Just like every business has a capital, in Forex our capital is known as equity.

4. LOT SIZE: Lot size is the percentage of your equity that you are willing to trade with.

We have different lot size, the lowest being 0.01

Your lot size determines how much money you are willing to risk.

If you decide to trade with lot size of 0.01 it simply means that when the trade is going against you, the amount of money you will be losing will be low and when your trade is going towards your prediction, your profit will equally be low.

As a trader, your equity will determine the lot size you should trade with.

Let’s assume you have $10 as your equity, it will be wise to trade with lot size of 0.01 because that way you avoid the risk of blowing up your equity should your trade go against you.

Someone with $1000 equity can decide to trade with lot size of 0.5 or even 1 because his equity can withstand loss should his trade go against him.

Investments are a necessity , making them early is important.

But what’s better is having a company that guarantees minimum risk of losing.

And then you have this platform that helps beginners

XM Capital

For forex trading at

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That is why even when you have the best signal provider he will always advice you to apply proper risk management because even if his prediction is accurate, there is a high chance that before the trade will close in profit a little downside of that trade might occur.

And if you are using a lot size that is bigger than your equity, there is a high chance that you might have blown your account before the trade closes.

This is why a lot of traders don’t make money from Forex because of greed.

You set a big lot size and before you get to the end of the trade your equity is gone.

5. PROPER RISK MANAGEMENT: This simply means applying proper caution when trading.

No matter how an expert you are in the Forex market, there is always a need to apply caution because trade can go against anyone at some point.

Applying proper risk management will help you stay in trade without the risk of losing your equity.

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In all it all comes down to how you set your lot size when trading.

When you hear someone say he made $10k in a day using 4 signals.

It simply means that the person’s equity is large añd so using a bigger lot size will result in bigger profit.

For example, there are two traders, trader A has $10k equity and trader B has $100 equity.

A signal to sell GBP/USD was sent to both of them.

Because trader A has large equity he decides to use lot size 10 to trade while,
Trader B because of his equity decides to use lot size 0.05 to trade.

When the trade closes and the market went in favour of their prediction.

Trader A’s profit will be a lot bigger than that of trader B’s.

So the amount of money you make in Forex depends on your equity.

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6. SL(stop loss): What this means is simply, when stop loss is applied on a particular trade, you are simply saying, should your trade go against you, let your loss stop at that point where you have set it to be.

Let me explain further:

Let’s say you are using a signal like this

SELL GBPUSD NOW

APPLY PROPER RISK MANAGEMENT

SL: 1.22803

TP: 1.21631

What this means is that, should this particular trade go against your prediction when the trade keeps going against you let the trade close in loss when it gets to 1.22803

7. TP(take profit): this is exactly the opposite of stop loss.

It means that when you add take profit to your trade, you are simply saying that, should your trade go in line with your prediction let the trade close in profit when it gets to 1.21631 using the example above.

I want to believe that you have understood all this up to this point.

Stay Intentional.

Rug pull is a form of deception in the cryptocurrency market where the development team suddenly withdraws all the project’s investment funds, causing a significant drop in token price and leaving users empty-handed.

I was explaining to my student a term in forex trading called “pullback ” and how it is applicable to life.

Pullback, in a layman’s explanation, is a temporal pause in the market movement.

Sometimes when a trade has already moved in your favor and this happens, most traders do not like it because you begin to see your equity reducing while some traders will take advantage of it because with patience it could still move in your direction.

It requires extra energy and discipline to hold onto your trade when this happens.

Hey, crypto community! Want to be a crypto-savvy investor?

Then it’s time to brush up on some essential financial terms.

Understanding these five necessary terms can help you make better decisions when investing in cryptocurrencies. Let’s dive in!

5 Financial Terms Everyone Should Know

1. ROI: Return on Investment – measures the gain or loss generated on an investment relative to the amount of money invested.

2. Market Cap: The total value of all shares of a cryptocurrency in circulation; a useful metric for evaluating the worth of a company or currency.

3. Liquidity: Refers to how easy it is to buy or sell an asset – something to be aware of when looking to enter or exit a position.

4. Volatility: Refers to the price swings a particular cryptocurrency experiences on any given day over a specified time period; something to be aware of when assessing trading risks or long-term investment possibilities.

5. Price-to-Earnings Ratio: A valuation ratio that measures a company’s current share price relative to its earnings per share; often used by investors as an indication of the relative value of a company’s stock.

These are just five of the many financial terms that could empower you as you travel through the world of cryptocurrency.

Knowledge is power, no matter what industry you’re in.

So keep learning, adapting and growing – and never stop exploring the limitless possibilities of the crypto market!

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Some traders rush to close a trade prematurely and soon after, you see the market move in your favor again.

Very sad.

Inside life, “pullback” is seen as a setback.

A setback could happen due to hurdles in life.

Life does not go straight.

Sometimes things happen that go beyond your control and it makes you look like your journey in life is slow and meaningless.

Unfortunately, it only looks like it, but it is not exactly so.

When you encounter life in this manner, do not quit, first sit down and analyze your way forward.

Setbacks or reversals in life is a boon.

“Pullbacks” or setbacks in life always provide opportunities to put you upfront.

Embrace it!

Because people hate to see progress.

People would rather see you suffer than see you better yourself.

That is why most discouragements come from those who are not trading.

They have never sat a day in their life to backtest.

They have never felt the joy of winning trades and the pain of losing.

They have no lessons in their boring lives.

You on the other hand are learning everyday through the charts.

So move quietly. Plan quietly. Fail quietly.

Rise quietly.

Remember all it takes is one good trade, one good month and one good year after a long struggle.

Then your whole life takes a different trajectory.

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These are non technical terminologies you as a beginner in Crypto and Forex Trading Markets must get to learn and understand if you want to make it in this field.

18 Habits Of Rich Traders Beginners Should Follow

Trading in the stock market is like being in a Monopoly game. If there are ten people playing, one person is likely to take everyone else’s money.

Trading functions much the same way, with 10% of traders becoming profitable, while the other 90% lose or break even.

After studying successful traders from the books by Michael Covel and Jack Schwager for many years, and achieving my own financial freedom from trading the stock market, I have compiled a list of what separates them and their followers from the 90% that come up short.

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Trading Psychology

•New Traders are greedy and have unrealistic expectations. Rich Traders are realistic about their returns.

•New Traders make the wrong decisions due to stress. Rich Traders can manage stress.

•New Traders are impatient and look for constant action. Rich Traders are patient.

•New Traders trade because they are influenced by emotion. Good Traders use a trading plan.

•New Traders think they can stop learning. Rich Traders never stop learning about the market.

Risk Management

•New Traders act like gamblers. Rich Traders operate like a businessperson.

•New Traders bet the farm. Rich Traders carefully control trading size.

•For New Traders outsized profits are the #1 priority. Rich Traders know that managing risk is the #1 Priority.

•New Traders try to prove they are right. Rich Traders admit when they are wrong.

•New Traders give back profits by not having an exit strategy. Rich Traders lock in profits while they are there.

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Trading Methodology

•New Traders give up. Rich Traders persevere until they are successful.

•New Traders hop from system to system when they lose. Rich Traders stick with a winning system even when it is losing.

•New Traders place trades based on opinions. Rich Traders place trades based on probabilities.

•New Traders try to predict. Rich Traders follow what the market is telling them.

•New Traders trade against the trend. Rich Traders follow the market trends.

•New Traders follow their emotions to their disadvantage. Rich Traders follow systems that give them an advantage.

•New Traders do not know when to cut losses or lock in gains. Rich Traders have an exit plan.

•New Traders cut profits short and let losses run. Rich Traders let profits run and cut losses short.

These 18 principles and many more are what Beginners in Crypto and Forex Trading Markets must learn to be profitable.

Here’s the brutal truth:

Trading isn’t just another hustle.

It’s not a fad.

We aren’t here to make a quick buck and disappear.

We’re here to MASTER a craft.

Why?

Because when the world falls apart, when economies crumble, when your back’s against the wall – this skill, this ART, is what stands between you, your future, and your loved ones from devastation.

Investments are a necessity , making them early is important.

But what’s better is having a company that guarantees minimum risk of losing.

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Every setback, every loss, every challenge is just a lesson.

An opportunity to become sharper, wiser, fiercer.

You thinking of quitting?

Remember, you’re not trading for the shiny watches or fancy cars.

You’re trading for a LEGACY.

For SECURITY.

For the peace of mind that comes from knowing you have an edge against a chaotic world.

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And when you finally make enough money from the markets, remember not to keep all of it online.

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These 18 Habits will help you as a beginner in Crypto and Forex Trading Markets to make money…. and also to keep it.

A number of strategies to help beginners in forex and crypto trading

When you wake up in the morning … Check out the news, the time …and the place your trade.

1. Identify the direction of the market – use daily timeframe..

2. Mark key levels ..use 4hr timeframe

3…Identify the phase of the market …retracing or continuation…

Place trades inline with the trend …place stop loss below key levels after confirmation of trend contiñuation …place take profit at the next key levels ..

4. Plan your lot size so as stop loss doesn’t exceed 1%of your account balance ..

Exit trade 10 mins to news wether in profits or loss.

Don’t be greedy, follow your rules.

Don’t be anxious, reduce your risk.

Don’t be scared, think in probabilities.

Don’t be angry, there’s always another opportunity.

When it comes to leverage…..

It all boils down to one thing.

SKILL.

Without good debt you can’t become a millionaire.

You must learn how to leverage debt.

Debt in this case is leverage.

To use leverage in the correct way, you must have the proper mental and technical edge.

So for beginners go for low leverage, that is 1:10 and below.

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But what’s better is having a company that guarantees minimum risk of losing.

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If you understand what you are doing then 1:100 can be a great start.

Phycology is what traders need to work on.

Almost every strategy works.

If you think I’m lying test 10 different strategies on a forex simulator you will always end up in profits.

The problem is the market is designed to make us become to emotional and we lose control.

If you can’t master your emotions, instead of you keep on depositing and losing, just save money and automate ur strategy forget what any educators says and do what works for you all they really care about is money.

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If anyone really had a perfect system they will not share it with everyone.

They would first share it with their family and they would be busy making millions without giving out their strategy.

Or they may help a few people for free, if their good.

So just master a proven strategy and work on your phycology or automate it.

This is the best advice for beginners.

People Who Don’t Use Stop Loss
Eventually, Stop Trading

A single well planned trade gets you much farther than a dozen thoughtless gambles.

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Unfortunately to make money in this business will require that you get your mind off the money.

Yep.

Often traders will find out this too late.

Thinking about making money too much puts in a desperate angle as a trader.

Hence, rather than treating trading as a serious business you treat it as a get rich quick business.

How to treat trading as a business.

-Write down your plan.

A plan has the psychological aspect, the risk management aspect as well the technical aspect.

-Journal everyday.

IN THIS BUSINESS ALWAYS BE WILLING TO THINK OUTSIDE THE BOX.

Another start for new candlestick enthusiasts.

A PINBAR stands out for its ability to highlight key market junctures.

1.We buy at market TROUGHS and sell at PEAKS. (Hopefully)

Pin bars effectively encapsulate these pivotal points, showcasing the peaks (via their upper wicks) and troughs (through lower wicks) of market movements.

2. SHAVEN pin bars, indicate even stronger momentum in price shifts.

These pin bars can signal an upward (bullish) or downward (bearish) market trajectory, granting you valuable insights.

3. Candlesticks are a SUMMERY of market structure, with pin bars revealing peaks and troughs.

The buying and selling of currency pairs often align with these market extremes.

Whether you’re trading your own account or a funded account, DON’T INCREASE LOT SIZE beyond 2% of the total amount.

If you want to keep your account and grow it, maintain discipline and never let greed take advantage of you.

Introducing Exness Team Pro

A group of highly skilled traders ready to share with you their personal experiences, unique insights and proven strategies; all here at Exness.

They inspire and guide traders by empowering local communities in the dynamic world of trading.

Exness Team Pro is committed both to educating aspiring traders and inspiring professional traders with new ideas and strategies.

Get to know them, learn from their journeys and use it to hone your skills even further!

Welcome to the big leagues.

Learn more here:

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As a beginner use these different strategies to make and keep your money as a beginner in Crypto and Forex Trading Markets.

Why Beginners in Crypto and Forex Trading should stick to their strategies.

Many traders are getting it wrong daily because of one mistake, which is changing of their original strategies often.

You start with strategy ABC today make some profit with this strategy and it hits stop loss 2-3 consecutive times, then you end up changing it.

Wrong move.

You’ll see traders watching series upon series of YouTube videos to pick a strategy to learn, which in the end they never stick to.

IF YOU ARE THIS KIND OF TRADER; PLEASE STOP!

The markets are heating up and sentiment is slowly changing.

What we’ll be seeing in the coming months is a case where Bitcoin slowly moves upwards, while altcoins are waking up.

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The question now is, What should I do since the strategy is giving me losses?

YOU NEED MODIFICATIONS!

Check why you lost, if need be check out some other strong confirmation that will make it hard to lose using your present strategy.

You might want to see price breaking a major structure and retesting to fvg or order block before taking the trade.

You might also want to see liquidity swept before entry.

The problem might be in entry or exit.

For exit you may wait until the structure breaks higher low or lower high(depends on the trend) before closing trade.

There are series of confirmation you’ll want to consider.

Don’t dump your strategies because a trade hit SL.

Remember there’s no way to avert losses in the market but there are many ways to maximize profits.

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I know that some strategies are wack, especially when you need mixed indicators and mixed confirmation of indicator touches, so if you are in these shoes; try to understand market structure.

You’ll have no need to run after strategies.

Introducing Exness Team Pro

A group of highly skilled traders ready to share with you their personal experiences, unique insights and proven strategies; all here at Exness.

They inspire and guide traders by empowering local communities in the dynamic world of trading.

Exness Team Pro is committed both to educating aspiring traders and inspiring professional traders with new ideas and strategies.

Get to know them, learn from their journeys and use it to hone your skills even further!

Welcome to the big leagues.

Learn more here:

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When someone drops a screenshot of 2000% gain or profit and you start calculating how much your $10 would have turned, you will be the next victim to be rugpulled !!

This is a hard truth most people will not tell you.

One of the strategy of these bad guys sharing screenshot is to get you emotional….

….Make you feel stupid for not joining the call

…make you feel you’ve missed out.

What are they doing with that??

They are preparing your mind for the next rugpull they are bringing your way.

Once they get you emotional, you then decide you will never miss their next call.

And when the next call is released, your emotions, your greed is fully activated and you want to cash out big without knowing it’s a trap.

I’ve always said this, never feel you’ve missed out.

No, you didn’t miss out on anything, there are hundreds of new opportunities in Forex and Crypto.

Maybe the popular saying that opportunity comes but once Is what is really messing up people’s mind.

Not in Forex and Crypto, opportunity comes continuously so long you’re still here and you don’t run away.

The purpose of this post is to help you keep your emotions in check.

Be logical with your investment decisions and not emotional, else you’d be preyed on.

You’ve not missed out.

Stop calculating how much you could have made with $10 if you’ve taken a call whenever you see a screenshot.

Some more unsolicitated advise….

𝟑 𝐩𝐨𝐬𝐬𝐢𝐛𝐥𝐞 𝐰𝐚𝐲𝐬 𝐭𝐨 𝐟𝐢𝐧𝐝 𝐚 𝐡𝐢𝐠𝐡 𝐩𝐫𝐨𝐛𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐨𝐫𝐝𝐞𝐫 𝐛𝐥𝐨𝐜𝐤 (𝐎𝐁)

1- The OB has to sweep a liquidity (usually for entry: buy or sell).

2- The OB has to be below or above a liquidity pool ( usually for target ).

3- The OB has to be responsible for a huge pump or dump creating a Fair Value Gap (FVG).

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For now you won’t understand the journey.

You don’t understand the process.

Trust the process.

One day they will fill your inbox calling you boss, leader etc asking to be plugged with forex or crypto lessons.

Now they don’t take you serious, they call you a broke forex or crypto trader.

Keep going.

The charts will change your life soon.

Like I always say, you are one candlestick away from your dream life.

Keep trading.

And when you do make the money.

Remember not to keep all of it in the markets.

And if you need a little help along the way, use AI software to make sure you make some money.

𝐓𝐡𝐞 𝐛𝐞𝐬𝐭 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐁𝐞𝐠𝐢𝐧𝐧𝐞𝐫𝐬 & 𝐄𝐱𝐩𝐞𝐫𝐭 𝐓𝐫𝐚𝐝𝐞𝐫𝐬!

It can do everything crucial for you as a forex or crypto trader.

That’s finding best times to place orders, close trades and test strategies to ensure successful trades happen for you.
𝑪𝒐𝒓𝒆 𝑩𝒆𝒏𝒆𝒇𝒊𝒕𝒔:

1- The Forexcopier Robot searches for profitable trading opportunities round-the-clock, 5 days a week.

Therefore, unless you disable it, you will never miss a profitable trade opportunity.

2-In contrast to us, this Forexcopier Robot does not exhibit emotional instability and will only function in an environment that is completely calculating.

3. It automatically analyzes the market data.

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EQUITY AND MARGIN: WHAT IT IS AND HOW IT WORKS.

Equity and margin are two different things, margin comes from your equity deposited in your account.

Equity is the money a trader needs to deposit in their account in order to open a position.

It’s essentially a security deposit that the broker requires to cover any potential losses that could occur if the trade goes against the trader.

When a trader uses margin, they’re essentially borrowing money from the broker to make the trade.

This can increase the potential profits, but it also increases the risk.

If the trade goes against the trader, they could end up losing more money than they deposited.

How it can affect a trader’s account:

When a trader uses margin, their account balance can be significantly impacted by the outcome of the trade.

If the trade is profitable, the account balance will increase by the amount of the profit.

However, if the trade is unprofitable, the account balance will decrease by the amount of the loss.

Additionally, if the loss is larger than the amount of margin in the account, the account could go into a negative balance.

This is known as a margin call, and it can result in the trader being forced to close their position.

So let’s talk about risk management when using margin.

One way to manage risk is to use stop losses.

This can help to minimize the potential losses if a trade goes against the trader.

Another way to manage risk is to only use a small percentage of the total account balance for each trade.

This ensures that the risk is limited, even if the trade goes against the trader.

In just a few steps, you can open and verify your xm real trading account and use your equity to be given a margin.

You only need to upload your proof of identity and proof of adress.

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Younger traders often bring fresh perspectives to the market, but their expectations of instant returns can hinder them!

Understanding market dynamics and having realistic expectations can set the stage for more consistent growth.

Trading like a military sniper.

One of the qualities that a military sniper possesses is patience.

Being good at shooting the targets is not enough; making sure that the target is actually the right one to be eliminated and it is isolated, requires patience

If the target is not isolated from the civilians, it cannot be eliminated because it may put the lives of the civilians at risk and the sniper is likely to be exposed.

Some civilians or enemy personnel might notice the direction of the bullet and then track the sniper.

Therefore, making sure the target is isolated from other enemy personnel including the civilians is a waiting process that requires patience.

Trading like a sniper requires the same spiritual quality, waiting for the price of an asset to trade at the specific price levels and making sure that the market forms nothing else besides the signal a trader will place a trade based on.

It requires patience.

Sometimes the assets reaches the right levels, and instead of forming the signal that a trader is expecting, it forms a different signal.

With extra data, this is one of the situations that can prevent a trader from pulling a trigger or from placing a trade.

Remember, it is not enough to have an asset trading at the right price level, the market must still form a clear signal that will indicate that the price is either going up or down.

This signal must not mix with other signals.

It is too risky to place a trade based on a mixed signal.

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Drawdowns

These are the periods you question everything including your sanity.

This is also where your character is built.

Getting out of your first huge drawdown can be really hard.

It will show you that trading as professional is all about CAPITAL PROTECTION.

How do you navigate this?

Focus on taking taking small pips.

Small pips will bring back your psychology to the original level.

When you overcome your first drawdown it will be very easy to overcome other periods of drawdown.

Introducing Exness Team Pro

A group of highly skilled traders ready to share with you their personal experiences, unique insights and proven strategies; all here at Exness.

They inspire and guide traders by empowering local communities in the dynamic world of trading.

Exness Team Pro is committed both to educating aspiring traders and inspiring professional traders with new ideas and strategies.

Get to know them, learn from their journeys and use it to hone your skills even further!

Welcome to the big leagues.

https://one.exness-track.com/a/c_7hfrg0krwc

All the best if you are in this stage of drawdown.

Today look yourself in the mirror and ask yourself.

What exactly am I doing that is stopping me from reaching to the goals I want.

What really is the problem?

I’m I just lazy?

I’m I just too scared to do any job to fund my account?

Have I just been disappointed so much that my dream is fading into thin air?

Does my mind control me instead of me controling it?

Most of your problems as a trader are internal and not external.

Money is just an external factor.

Even if you have 100,000 USD and you have internal problems.

You are stilll going to mess up.

Take the mirror and look into yourself.

How can you make your business better?

Get to work Risk Managers!!

Don’t be scared to act.

You can even use AI software to help you get to where you want to be.

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Yesterday I saw a guy who grew a $100 deposit to $110k within a period of six months.

This post is an encouragement to people still battling with small accounts.

I want to remind you that little drops still make oceans.

Never be discouraged by the small profits, but strive to better your skill and maintain the needed consistency.

Gradually with time, we’ll all get to the top.

Don’t try to compare your achievements or progress with others, they’re hitting it big earlier than you doesn’t mean you’ll not hit it big too.

If it’s not your time yet, keep working.

And when your profits come make sure you keep some of it offline.

Don’t trust exchanges with all your money.

Make it yours with a hardware wallet!

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It’s about time we revolutionize trading in a professional civilized manner where we only talk charts and not lifestyle showbiz.
We want to build a strong community where even a beginner can generate profits through pips.

Why you will never make it as a forex or crypto trader

Are you afraid, wondering if you will ever succed with trading in crypto and forex?

Here is a simple strategy to implement and get over your fears and to help you make it.p

1. Learn first, but don’t just stick to learning.

2. Implement as you learn, because you can’t know everything at once and you won’t know how good you have become unless you implement.

3. Start with a demo account. This helps you make a lot of mistakes without risking an actual money.

4. How much are you willing to invest when you want to begin your trading?

5. With that amount, start trading with your demo account.

Let’s assume you plan on investing $50, in your demo account, start practicing with $50.

6. At first you might end up blowing up the $50 , don’t give up, keep going because practice makes perfect. (Keep learning as you implement).

7. Don’t start off greedy, use small lot size and stick to it. (With this you are building the psychology of proper risk management)

8. Give yourself a deadline of trading a demo account.

9. Make sure within the timeframe you have set for trading demo, you learn and get better everyday.

10. Once you hit your deadline, fund your account, and trade with that strategy that got you more profit and stick to it.

11. Always start afraid, you will get better while on the job.

12. Don’t pressure yourself while trading, even if your trade goes against you. Call it a day, chill out and come back when you are calm (praticing this while starting off as a newbie will help you have better control of your emotions and it will help you avoid revenge trading)

13. Remember that winning or losing in forex is all about how emotionally stable you are. If you can manage your emotions properly, you will go far trading this market.

Stay Intentional.

Bitcoin now has the support of presidential candidates, regulators, legislators, money managers, bankers, investors, and the general public.

The future will bring a parade of positives for those intent on proliferating bitcoin as an investment
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There are traders that have made it in plus or minus 1 year because they paid for knowledge.

But there are those that took 3 to 4 years by themselves making a million mistakes.

It’s really your choice and no one is forcing you.

But the thing with mentorship is that you’re saved from making a million mistakes and given the things that work, you’re given everything.

So getting mentorship is worth it because you pay eg 200$, 400$ etc once and eliminate the extra 2 years of trail and tribulation, than to go years making a million mistakes until you get it right which is totally not worth it.

It’s better to learn and start earning with the use of mentors, than to go years struggling & in the meantime your parents tell you forex is not working and your life is going down scale.

Problem about you guys you think mentors are there for your money.

Introducing Exness Team Pro

A group of highly skilled traders ready to share with you their personal experiences, unique insights and proven strategies; all here at Exness.

They inspire and guide traders by empowering local communities in the dynamic world of trading.

Exness Team Pro is committed both to educating aspiring traders and inspiring professional traders with new ideas and strategies.

Get to know them, learn from their journeys and use it to hone your skills even further!

Welcome to the big leagues.

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Most upcoming traders remain unprofitable for the longest time because they think they know too much and let their ego stand in the way of learning new information.

You might know what to do but not how to do,you might know why you should but not when to do and that’s what separates profitable and unprofitable traders.

Guys a mentor is very important to make you a…

– Successful trader

– Trade where you want

– Trade when you want

– Financial freedom

But you want to give up now because you are not a millionaire after 2 months or 2 years?

You’re mad!!!

Throw that quick rich( Instagram traders) mentality and stick to the plan.

Enjoy the process. Which most beginners in crypto and forex trading seem to forget.

The journey is a marathon not a sprint

Nothing comes that easy.

Investments are a necessity , making them early is important.

But what’s better is having a company that guarantees minimum risk of losing.

And then you have this platform that helps beginners

XM Capital

For forex trading at

https://clicks.pipaffiliates.com/c?c=676250&l=en&p=0

Remember, out of 1,000,000 traders in my view:

•50,000 will make some money

•1,000 will make $1,000,000

•50 will make $10,000,000

What gives you the right to call yourself part of the best?

If you sit around just hoping to get it… *good luck.*

Look and study from the best in the game, use their methods, live and breathe it.

Remember that the type of work they put in now after a decade of work is nothing like the amount of work they put in to climb the mountain of trading at the beginning of their journey.

The costs of making it are extremely high, but if you truly don’t end the day thinking you outworked everyone, you wont make it there..

It is easier to find edges when you actively trade and especially as a beginner, emotional trader.

The reason is that you will end up stopping out and fomoing into areas of reversal, almost as if the market has it out for you.

Those areas can provide a contrarian strategy.

I want you to picture this beginner phase a tuition fee that repays you by giving you all the info you need to build the strategies you will need and molds you emotionally to become successful.

*You are paying to get paid later on, but only if you work on the mistakes.*

*IT IS A CHOICE TO REMAIN A NOVICE*

FUNNY ENOUGH, YOU CAN BE IN THIS INDUSTRY FOR 11 YEARS AND REMAIN A NOVICE

The market may throw challenges our way, but it’s our determination to learn, grow, and stay disciplined that sets us apart.

Embrace the ups and downs, trust your strategy, and keep pushing forward.

Success is just a trade away!

And if it isn’t… you can always use AI software to help you along.

Forexcopier is the most advanced trading AI to date
with a verified track record of profitable trading.

☑️Hands-free trading

☑️Verified track record

☑️low drawdown

☑️Prop firm compatible

☑️Beginner friendly

Find out how Forexcopier can transform your trading portfolio today!

Go Here –

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Something I have realised after talking to over 100 beginner traders, is that most of them have very small goals, some want 2k per month, some want 10k and move to Thailand, many others just want to make an extra 100 everyday along side their job.

Most people are limited not by their skill or knowledge but their mindset, I never wanted to make 10k per month, my starting goal was 500k/month!

Now 10k/month just happened on my way to 500k/mo…

Imagine running a 50km, you will automatically hit 10, 20, 30, 40 km on your way to 50, if your goal was 10km now you have limited 2 things:

1) The magnitude of what you can achieve to your target goal

2) Your belief in your own capabilities, by aiming small you are admitting to not being good enough or capable of achieving bigger things….

THINK BIG! 👑Pain and challenges are inherent in trading, but they play a significant role in developing grit and mental toughness.

And when you have made some money, do not keep it all online.

Check this out:

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Overcoming setbacks, pushing through frustration, and staying focused on the process are key qualities, will make you a trader that made it.

What is Liquidity And Why Does It Matter To Beginners In Trading

Liquidity is the measure of how easily you can convert an asset into cash or another asset.

It refers to the ease and speed with which assets, such as shares in a company, cryptocurrency, or real estate, can be bought or sold without significant impact on its value, allowing for quick access to cash if needed.

Investments are a necessity , making them early is important.

But what’s better is having a company that guarantees minimum risk of losing.

And then you have this platform that helps beginners

XM Capital

For forex trading at

https://clicks.pipaffiliates.com/c?c=676250&l=en&p=0

When a market is illiquid, it can be very difficult to execute trades without having a significant impact on the price.

Liquidity Definition

Liquidity refers to how easily an asset can be bought or sold without significantly impacting its price.

The more liquid an asset, the easier it is to buy or sell, while less liquid assets may take more time and effort to convert into cash.

Both a gold bar and a rare collectible book hold significant value, but their liquidity differs.

The gold bar is considered more liquid because it’s much easier to find a buyer for gold than it is for rare books.

There’s a larger market for buying gold than for the collectible book, and it may take some time to find a buyer willing to pay a fair price for it.

You may even have to sell it below its true value.

Liquidity holds crucial importance in the financial world as it determines how easily assets, such as stocks, bonds, or real estate, can be converted into cash.

Possessing liquid assets provides the flexibility to promptly access funds for various needs.

Higher liquidity reduces the risk of price manipulation and provides a more accurate representation of an asset’s market value.

It also allows traders to enter or exit positions with minimal slippage, which is the difference between an asset’s expected price and the executed price.

For businesses, liquidity is vital for smooth operations.

Having sufficient cash or easily convertible assets is necessary to cover expenses, such as salaries and bills.

Insufficient liquidity can lead to financial difficulties and challenges in meeting obligations.

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Exness can advise you with this.

The only profitable trading strategy is to know the direction/trend of the market and to avoid trading against the trend

Most importantly patience is the key, don’t chase a trend wait for pullbacks and place trades at the end of a pullback

Why Is Liquidity Important?

Liquidity is a concept that applies to entities of all sizes, from individuals to large corporations.

Its significance can be attributed to several reasons:

1. Facilitates smooth transactions

Liquidity ensures the smooth operation of financial markets by facilitating the quick and hassle-free conversion of assets into cash.

For instance, stocks and shares can be bought and sold quickly via online brokerages.

This accessibility allows investors to execute transactions promptly, contributing to market efficiency.

2. Fair valuation

Liquidity enhances the price discovery process by enabling a constant flow of trades and information.

A liquid market allows buyers and sellers to transact at any time, providing a continuous stream of market data and trades.

This information helps participants make informed decisions and ensures that assets are bought and sold at reasonable prices.

3. Market stability

High liquidity levels contribute to price stability by reducing the impact of large buy or sell orders on the asset’s value.

When there’s a liquid market, even substantial transactions have a minimal effect on prices, minimizing price manipulation and promoting fair market conditions.

4. Personal flexibility

Assets with high liquidity offer greater flexibility and accessibility to investors.

They can swiftly convert their holdings into cash or other assets, providing the freedom to respond to changing investment opportunities or unforeseen financial needs.

What Is Liquidity in Crypto?

In the crypto market, liquidity refers to how easily a coin or token can be bought or sold without causing significant price movements.

Liquidity is a measure of the availability of buyers and sellers and the ability to execute trades quickly and at fair prices.

For example, popular cryptocurrency exchanges have higher trading volumes and more participants, making it easier to buy or sell cryptocurrencies and execute trades.

High-liquidity cryptocurrencies such as bitcoin and ethereum, tend to have a large number of active buyers and sellers.

This means there’s a greater chance of finding someone to buy or sell your cryptocurrency without significantly affecting its price.

Crypto has made more millionaires in 1 year than college degrees have in 15 years

Invest while the market is crashing,

Before this Bitcoin  bull run starts.

Those who follow me now have a second chance to get stupidly rich.

Don’t regret it later.
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This may not be the case for an altcoin with a smaller market capitalization.

Liquidity is influenced by market depth, or order book depth, which refers to the number and size of buy and sell orders in the order book.

A deep market implies a substantial number of orders on both the bid (buy) and ask (sell) sides, providing ample liquidity for traders.

This allows traders to make larger trades without causing drastic price fluctuations.

Another important concept is the bid-ask spread, which is the difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask).

In liquid markets, the spread is generally smaller, meaning that the price difference between buying and selling is narrower.

This benefits traders by allowing them to execute crypto trades at more favorable prices.

What is a liquidity pool?

Liquidity pools are a core component of automated market maker (AMM) systems and enable the smooth operation of decentralized exchanges (DEXs).

In a liquidity pool, users contribute their assets to create a collective pool of liquidity in exchange for a share of the fees generated from trading activity within the pool.

The assets are typically paired and are used to facilitate trading on the platform.

Liquidity pools operate by keeping the value derived from multiplying the value of both assets constant.

You can think of it as a reservoir of funds that allows for decentralized, peer-to-peer trading without the need for a centralized intermediary.

What is a crypto liquidity provider?

A crypto liquidity provider (LP) is an individual or entity contributing their crypto assets to a liquidity pool.

Liquidity providers play a vital role in decentralized finance (DeFi) platforms by ensuring there’s enough liquidity for traders to buy and sell assets smoothly.

By contributing to the liquidity pool, providers increase the availability of assets for trading and help maintain stable prices.

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What is liquidity mining in crypto?

Liquidity mining, or yield farming, plays a critical role in DeFi ecosystems.

It involves individuals providing liquidity to a particular or variety of different decentralized applications (DApps) to earn rewards.

In doing so, they also help facilitate trades and transactions within that platform.

In exchange for providing liquidity, participants are rewarded with additional tokens.

The purpose of providing these rewards is to incentivize people to contribute their assets and help create a liquid market for trading.

What Is Liquidity in Stocks?

Liquidity in the stock market refers to the ease with which a particular stock can be bought or sold in the market without significantly affecting its price.

It also measures how quickly and efficiently investors can convert their shares into cash or buy shares without causing significant price fluctuations.

When a stock is considered liquid, it means that there are a sufficient number of buyers and sellers in the market.

This high level of trading activity allows investors to enter or exit positions without significant delay or price fluctuation.

Similarly to crypto, liquidity is influenced by several factors, including the number of shares outstanding, trading volume, and the bid-ask spread.

A stock with a large number of shares outstanding and a high trading volume is generally more liquid than a stock with fewer shares and less trading activity.

High liquidity ensures that investors can easily buy or sell shares at or near the current market price.

It also reduces the risk of not finding a buyer or seller to execute a trade, which can be particularly important for large trades or in volatile market conditions.

Examples of High and Low-Liquidity Assets

Low-liquidity assets

1. Real estate and cars

Direct ownership of real estate and cars can be relatively illiquid, as it can take time and effort to buy or sell them.

2. Art and collectibles

These assets can be highly valuable, but often lack a liquid market, requiring specialized buyers and potentially lengthy sales processes that involve hiring brokers.

3. Private equity

Investments in privately held companies typically have limited liquidity because there is no public market for trading these shares.

High-liquidity assets

1. Shares of public companies

Shares of large companies that trade on the stock exchange tend to be highly liquid due to active trading and broad investor interest.

2. Cash and cash equivalents

Cash refers to physical currency, such as banknotes and coins, and deposits held in readily accessible bank accounts.

It’s the most liquid form of investment because it can be used for immediate transactions or easily converted into other assets.

Cash equivalents are short-term, highly liquid investments that are readily convertible to cash.

Examples include money market funds and Treasury bills.

3. Cryptocurrencies with a high market capitalization
Cryptocurrencies with a high market capitalization are considered highly liquid assets due to the substantial trading volumes and broad market participation they attract, allowing for easier buying and selling without significantly impacting their prices.

What Is Liquidity Risk?

Liquidity risk is the possibility that an asset or security cannot be sold quickly enough or at a fair price due to insufficient market demand.

It’s the risk of not being able to convert an investment into cash without incurring significant losses or delays.

While liquidity risk for financial institutions arises when there is an imbalance between cash inflows and cash outflows, liquidity risk for businesses refers to the possibility of having insufficient cash or liquid assets to meet short-term financial obligations, such as salaries and loan repayments.

In the DeFi context, liquidity risk refers to the potential for insufficient liquidity or a lack of available funds in a particular DeFi protocol or liquidity pool.

This can result in difficulties in executing trades, high slippage, or the inability to withdraw funds from a protocol.

Closing Thoughts

Liquidity plays a critical role in ensuring the smooth functioning of markets and allows investors to buy and sell assets efficiently.

High liquidity provides investors with flexibility, a fairer valuation of the asset, and market stability.

On the other hand, low liquidity can present challenges and hinder the ease of trading.

Understanding liquidity helps investors assess the ease with which they can enter or exit positions and manage their financial needs.

By considering liquidity, investors can make informed decisions and navigate the financial landscape with greater confidence.

Trading reminds me of the power of perseverance and adaptability.

The market may throw challenges our way, but it’s our determination to learn, grow, and stay disciplined that sets us apart.

Embrace the ups and downs, trust your strategy, and keep pushing forward.

Success is just a trade away!

What are pips and other tips for beginners in Forex and Crypto Trading

What is a PIP and how do we know when to say this is 1pip, 10pips or 100pips?

A pip is the smallest number that moves in a currency pair that we are interested in trading.

For every non JPY( Japanese yen) value.

It’s always in a two decimal place of .01

While that of non JPY value is usually in a four decimal place of.0001

So how do we know when to say a pip is 1, or 10, or 100.

Investments are a necessity , making them early is important.

But what’s better is having a company that guarantees minimum risk of losing.

And then you have this platform that helps beginners

XM Capital

For forex trading at

https://clicks.pipaffiliates.com/c?c=676250&l=en&p=0

Let’s assume we have a non JPY value at 1.0786

What we are interested in is .0786

Starting with the last digit 6

6 becomes 1

8 becomes 10s

7 becomes 100s

So anytime 6 moves +1 it means that’s 1pip

Whenever 8 moves +1 that is 10pips

Anytime 7 moves +1 that is 100pips

So let’s say 6 moves to 9 that is 3pips

If 8 moves to 9 that is 10pips

And if 7 moves to 8 that is 100pips

Exness Team Pro
A group of highly skilled traders ready to share with you their personal experiences, unique insights and proven strategies; all here at Exness.

They inspire and guide traders by empowering local communities in the dynamic world of trading.

Exness Team Pro is committed both to educating aspiring traders and inspiring professional traders with new ideas and strategies.

Get to know them, learn from their journeys and use it to hone your skills even further!

Welcome to the big leagues.

https://one.exness-track.com/a/c_7hfrg0krwc

But for JPY

Let’s assume we have JPY value of 132.62

We will be focusing on 2.62

Where the last 2 is the 1

And 6 is the 10

While the 2 before the decimal point becomes the 100

So anytime the 2 before the decimal point moves +1 that is 100 pips

Anytime the 6 moves +1 that is 10pips

Anytime the last 2 moves +1 that is 1pip

It’s about time we revolutionize trading in a professional civilized manner where we only talk charts and not lifestyle showbiz.

We want to build a strong community where even a newbie can generate profits through pips.

Work on also getting capital.

The truth is that trading is also capital intensive.

It might seem cheap but trading is very expensive.

So work a job, designate hours to trade and do withdrawals often.

Make sure you keep your withdrawals offline in a secure wallet.

Don’t trust exchanges with your all money.

Make it yours with a hardware wallet!

🌐 Open source security

🔒 Privacy enhanced

🪙 1000+ supported assets

Protect yourself from hacks

Free shipping worldwide

Spread the word and don’t forget to use your link!

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However NEVER sell any of your household items to trade.

When you reach such a point, pause everything and return to the drawing board.

Bad trading days are inevitable.

It’s crucial to stay resilient and remain in the fight.

Just as in sports, enduring tough times is part of the journey to success in trading.

Younger traders often bring fresh perspectives to the market, but their expectations of instant returns can hinder them!

The latest is having AI software do a lot of the work for them.

Forexcopier is the most advanced trading AI to date
with a verified track record of profitable trading.

☑️Hands-free trading

☑️Verified track record

☑️low drawdown

☑️Prop firm compatible

☑️Beginner friendly

Find out how Forexcopier can transform your trading portfolio today!

Go Here –

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Understanding market dynamics and having realistic expectations can set the stage for more consistent growth.

‘I keep losing trades.’ …. I hear you say….well

Losses are part of the process.

They teach you more than your wins ever will.

Learn, adapt, and grow from them.

That is the most that a beginner in Crypto and Forex Trading Markets can do.

What Goals Do Traders Who Are Beginning Have To Set

What goals do traders who are beginning have to set

𝕃𝕖𝕥’𝕤 𝕥𝕒𝕝𝕜 𝕒𝕓𝕠𝕦𝕥 𝕊𝔼𝕋𝕋𝕀ℕ𝔾 𝔾𝕆𝔸𝕃𝕊

A trader needs to create rules and follow them when the psychological crunch comes.

Set out guidelines based on your risk-reward tolerance for when to enter a trade and when to exit it.

Set a profit target and put a stop loss in place to take emotion out of the process.

In addition, you might decide which specific events, such as a positive or negative earnings release, should trigger a decision to buy or sell a stock.

It’s wise to set limits on the maximum amount you are willing to win or lose in a day.

If you hit the profit target, take the money and run!!

If your losses hit a predetermined number, fold up your tent and go home.

Either way, you’ll live to trade another day.

In just a few steps, you can open and verify your xm real trading account.

You only need to upload your proof of identity and proof of adress.

Clik this link:

You can try

XM Capital

For forex trading at

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Understanding your strengths, weaknesses, and risk tolerance can guide your strategy and prevent emotional pitfalls.

Strategy is commonly taught, along with technical aspects and confluences.

However, the focus on mindset and psychology often gets overlooked.

It’s crucial to address these essential questions.

Interestingly, hedge funds hire not only motivational speakers but also psychologists to enhance their traders’ mindset.

Trading success heavily relies on the right mindset, even when using the best systems.

A weak mindset can lead to breaking all the rules set in place.

As a forex trader you need to go through a timeframe of sacrifice in your life.

There is a time period whereby you need to only focus on the charts to be profitable.

Introducing Exness Team Pro

A group of highly skilled traders ready to share with you their personal experiences, unique insights and proven strategies; all here at Exness.

They inspire and guide traders by empowering local communities in the dynamic world of trading.

Exness Team Pro is committed both to educating aspiring traders and inspiring professional traders with new ideas and strategies.

Get to know them, learn from their journeys and use it to hone your skills even further!

Welcome to the big leagues.

Learn more here: https:

https://one.exness-track.com/a/c_7hfrg0krwc

Going to the clubs,spending time with friends and sometimes even family is not worth it,you just wasting your precious time that you need to invest it in learning.

You don’t need money to be a profitable trader, you need a powerful strategy which is basically knowledge.

If you find yourself always concerned about funding your account then you are far from where you want to reach.

Knowledge first,money will follow.

If don’t have knowledge you can use AI software to help you along.

Forexcopier is the most advanced trading AI to date
with a verified track record of profitable trading.

☑️Hands-free trading

☑️Verified track record

☑️low drawdown

☑️Prop firm compatible

☑️Beginner friendly

Find out how Forexcopier can transform your trading portfolio today!

Go Here –

https://forexcopier.com/afs/idevaffiliate.php?id=1010

*The market will always humble you*

*you will be humbled*

When u think u know it all and become boastful of have known it all.

The market smiles and says “your newly acquired knowledge is like a drop of water in an ocean*

*We are nothing but students of the market.*

Many individuals who are pushed into trading without a solid understanding or plan tend to lose control, make mistakes, and lose sight of their goals.

The markets are heating up and sentiment is slowly changing.

What we’ll be seeing in the coming months is a case where Bitcoin slowly moves upwards, while altcoins are waking up.

Given the better circumstances get in now
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For cases like this, a composed approach is essential.

You don’t have to take every swing in the market.

I don’t think it’s not every single day an opportunity appears.

As much as the charts dont lie you can be correct 99 percent of the time but am really afraid of the 1 percent and the damage it can do.

This is the best time to take some profit and to take it offline.

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I would advise you to take a swing once in a while while you have the advantage.

That is when the price gets too high or too low.

It becomes easier to bet long term knowing the price tends to follow the long term trend and the daily fluctuations are just the characteristics of the market not opportunities.

I would prefer a sound reason for currencies to fall or rise due to the factors of the economy and that humbly takes time.

Am afraid for daytraders.

Keep invested in the long term trading opportunities.

You don’t have to take every swing in the market as a beginner in Crypto and Forex Trading Markets.

What Is Range-Bound Trading(A Beginners Guide)

Range-bound strategies refer to methods by which traders capitalize on a market that’s moving sideways — also known as a sideways market.

For example, users trading in sideways conditions will repeatedly buy an asset low at the support level, and then sell it high at the resistance level.

How Does A Sideways Market Work?

To understand range-bound strategies, traders must first understand how a sideways market (or a ranging market) works.

As the name implies, a sideways market is a trading environment in which price action moves in a horizontal channel between high and low prices.

The idea is that the sideways movement creates relatively predictable highs and lows for trading assets.

You can use some technical indicators like Average True Range (ATR) and High Low Bands (HLB) to identify range-bound markets.

Of course, predicting the market’s behavior with 100% accuracy is impossible.

Traders trying to capitalize on a sideways market may, for instance, miss an impending breakout or worse — experience heavy loss on a bearish downtrend.

What Is Range-Bound Trading?

While it originates from traditional markets like the stock exchange and Forex, range-bound trading is also popular among crypto traders.

Crypto traders take advantage of sideways markets by identifying the major support (low price) and resistance (high price) levels.

Assets at the support level trend line offer an optimal chance to buy low, while traders sell high when assets reach the resistance trend line.

This area where prices oscillate back and forth is called the range, also known as the price channel.

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Here’s an example to help you understand better: Let’s say an asset has routinely moved between $50 and $53 over the past few days.

Traders using a range-bound strategy would buy the asset at $50 (support) and sell the asset at $53 (resistance).

The upside is significantly lower than timing a breakout but markets don’t permanently trend in one direction.

Sometimes, the market will pause and move sideways before continuing its prior trend.

On the other hand, the market may be in a period of indecision before the opposition forces a reversal.

What Are The Different Types of Range-Bound Trading Strategies?

Spot

After traders have identified the range, the most straightforward strategy is to place a buy order near support and a sell order near resistance.

Breakouts and breakdowns

The inherent risk of range-bound strategies is mistiming a breakout or worse, a downward breakdown.

Traders often mitigate this risk by setting stop-loss orders near the asset’s support and resistance levels.

If the asset breaks the price channel, traders often change their strategy or wait until range-bound conditions return.

Range-Bound Trading Example and Automated Trading Strategies

To save time on tedious work, such as analyzing charts and manually placing orders, some crypto users leverage products designed to mimic range-bound trading strategies.

These products allow users to leverage a sideways market without placing a trading order.

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They usually provide an accessible interface that:

Places limits on the downside and upside risks.

Allows users to enter and exit the market within a more flexible timeframe.

Forexcopier simplifies the complex strategies required when traders face a sideways market.

When users subscribe to Forexcopier two scenarios may unfold.

Scenario 1

If the asset stays within the set price range during the subscription period, the user will receive rewards based on the potential annual percentage rate (APR) displayed on the settlement date.

The price stays within the range during the range-bound subscription period.

Scenario 2

If the asset touches or exceeds the set price range during the subscription period, the user will receive less than their initial deposit amount.

The price exceeds the limits during the range-bound subscription period.

The most apparent risk in trading range-bound assets is ending up on the wrong side of the market. Cryptocurrency is a volatile asset that is hard to predict.

No individual, trading strategy, or algorithm can perfectly speculate price action.

Even though a market may be ranging, thereby creating seemingly identical patterns, there is no certainty when the asset will approach or break the trend lines.

Assets are either stagnant or locked in until the buy or sell price levels are triggered.

Furthermore, traders who don’t set stop-loss orders are exposed to additional risk of loss.

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Users may also receive less than the amount they initially deposited for certain range-bound products if the underlying asset’s reference price exceeds the predetermined price range.

Moreover, once traders subscribe to a range-bound product, their assets are locked and they won’t be able to cancel or redeem them before the settlement date.

Having secure custody of your crypto is essential

This is particularly true for institutional investors or beginners who often hold and trade large amounts

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Closing Thoughts

Range-bound trading can be a viable strategy for experienced traders who are aware of their risk tolerance and have a solid understanding of technical analysis.

Given the volatile nature of crypto markets in general, building a sound range-bound trading strategy requires effort, discipline, and vigilance.

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If you’re considering trading on a sideways market, you can use the examples listed in this article as a starting point.

As always, traders should do their due diligence before investing in any financial opportunity.

What basic economics do traders need to know (especially beginners)


The circular flow of income and the concepts of aggregate demand and supply can help us understand the factors influencing overall economic output, price levels, and equilibrium.

Government and central banks play crucial roles in shaping the economy through fiscal and monetary policies, aiming to achieve economic stability and sustained growth.

Understanding macroeconomics can empower cryptocurrency investors to make more informed decisions, manage risks, and navigate the crypto landscape more efficiently.

Welcome to our Macroeconomics series, where we embark on a journey to explore the broader economic landscape and its impact on societies, industries, and individuals.

At its core, macroeconomics deals with the study of the entire economy and its major aggregates, seeking to understand the interplay of various economic factors that influence a nation’s well-being.

Naturally, macroeconomics and financial markets are closely related.

Investors and traders closely monitor indicators that can impact asset prices, market sentiment, and overall investment strategies.

There are several indicators out there, but we will gradually explore some of the most important throughout this series.

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For cryptocurrency investors, understanding macroeconomics can provide valuable insights for risk management and decision-making, helping filter out the noise and navigate the crypto landscape more efficiently.

By monitoring macroeconomic trends, you have better chances to identify potential risks, anticipate market reactions to economic events, and adjust strategies accordingly.

In this article, we will delve into the fundamental concepts of macroeconomics, including key indicators, the circular flow of income, aggregate demand and supply, and the role of government and central banks.

What Is Macroeconomics?

Macroeconomics is a branch of economics that analyzes the overall behavior and performance of an economy as a whole.

Unlike microeconomics, which focuses on individual agents like households and firms, macroeconomics takes a broader view, analyzing the entire economy’s output, employment, and price levels.

It seeks to answer questions about the factors influencing long-term economic growth, inflation, unemployment, and the business cycle.

Key Macroeconomic Indicators

To assess the health of an economy, economists rely on key macroeconomic indicators.

These metrics provide valuable insights into economic performance and trends.

Let’s explore some of the most important indicators: gross domestic product (GDP), consumer price index (CPI), and unemployment rate.

Gross Domestic Product (GDP)

GDP measures the total value of all goods and services produced within a country’s borders during a specific period (usually a quarter or a year).

It serves as a primary gauge of an economy’s size and growth.

A rising GDP generally indicates economic expansion, while a declining GDP may signal a recession.

Consumer Price Index (CPI)

The CPI measures changes in the average price level of a basket of goods and services typically consumed by households.

It helps us understand inflation’s impact on the cost of living.

When the CPI rises, it suggests that prices are increasing, eroding the purchasing power of consumers.

Unemployment Rate

The unemployment rate indicates the percentage of the labor force that is jobless and actively seeking employment.

High unemployment rates can indicate an underperforming economy, while low rates suggest economic strength.

The Circular Flow of Income

The circular flow of income model illustrates the flow of money and resources between households and businesses within an economy.

It demonstrates how households supply factors of production (e.g., labor) to businesses in exchange for income (wages and salaries).

These households then use their income to purchase goods and services produced by businesses, thereby completing the circular flow.

Aggregate Demand and Aggregate Supply

Aggregate demand (AD) represents the total demand for goods and services in an economy at different price levels.

It comprises consumer spending, investment, government spending, and net exports.

When AD increases, it stimulates economic growth, and when it declines, it can lead to a slowdown.

On the other hand, aggregate supply (AS) represents the total output of goods and services an economy is willing and able to produce at various price levels.

Short-term aggregate supply is influenced by factors like production costs and resource availability.

Long-term aggregate supply is determined by the economy’s production capacity.

The balance between aggregate demand and aggregate supply determines the overall price level and the level of real GDP in the economy.

The Role of Central Banks in Macroeconomics
Central banks play a vital role in shaping an economy’s monetary policy.

They are responsible for regulating the money supply and interest rates to achieve certain economic objectives.

In times of inflation, central banks may implement contractionary monetary policies by raising interest rates and reducing the money supply.

Conversely, during economic downturns, they may employ expansionary policies to stimulate economic activity by lowering interest rates and increasing the money supply.

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Fiscal Policy: Government’s Tool for Economic Stability

Fiscal policy involves the use of government spending and taxation to influence the economy.

Governments can use expansionary fiscal policies, such as increasing public spending or cutting taxes, to boost economic growth during a recession.

On the other hand, contractionary fiscal policies may involve reducing government spending or increasing taxes to control inflation and prevent the overheating of the economy.

The Importance of Economic Growth

Economic growth is a fundamental objective of macroeconomic policy.

Sustained economic growth leads to an increase in the standard of living, job creation, and overall improvement in societal well-being.

It allows for more opportunities and resources to be available for education, healthcare, and infrastructure development.

Measuring Inequality: Gini Coefficient and Human Development Index

Beyond economic output, macroeconomics also examines measures of income distribution and societal well-being.

The Gini coefficient is a commonly used metric to assess income inequality, with 0 indicating perfect equality and 1 representing maximum inequality.

The Human Development Index (HDI) also considers factors like life expectancy, education, and per capita income to evaluate a country’s overall human development.

Macroeconomics in the Real World

Throughout history, macroeconomics has played a critical role in understanding and addressing economic challenges.

By studying past economic events, we gain insights into policy responses to economic crises, the consequences of different monetary and fiscal measures, and the importance of international cooperation in addressing global economic issues.

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Macroeconomics and Cryptocurrencies

The emergence of cryptocurrencies has raised new questions and challenges for macroeconomists and policymakers.

Some argue that their decentralized nature and potential to disrupt traditional financial systems and institutions could influence macroeconomic factors and the effectiveness of monetary policies.

Cryptocurrencies are closely tied to the concept of Web3, a vision for the future of the internet.

Web3 aims to create a decentralized, user-centric internet where individuals have more control over their data and interactions.

This paradigm shift could reshape economic models on a global scale.

Cryptocurrencies and Web3 present exciting opportunities for financial inclusion, cross-border transactions, and decentralized applications.

However, they also carry risks, including market volatility, the potential for fraud, and regulatory uncertainties.

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In response to the growing impact of blockchain technology and cryptocurrencies, some policymakers and governments are recognizing the need to collaborate with key players in the crypto space.

By fostering an open dialogue and cooperation between regulators, crypto entrepreneurs, and industry experts, they can strike a balance between encouraging innovation, protecting consumers, and maintaining financial stability.

It’s important to create a well-defined regulatory landscape that can promote responsible crypto adoption, offering clarity to businesses and investors while mitigating potential risks.

This also apply’s to traders use of AI software.

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Final Thoughts

As we conclude the first chapter of our macroeconomics series, we have touched on some of its foundational concepts and principles.

Understanding the basics of macroeconomics empowers us to comprehend how economies function, what drives economic growth, and how governments and central banks influence economic outcomes.

We’ve also discussed the importance of policymakers and governments collaborating with the crypto industry to create a fair regulatory framework, fostering innovation while safeguarding consumers and financial stability.

Whether you are an aspiring economist, a business leader, or simply a curious individual, knowledge of macroeconomics offers valuable insights into the complex world of economic interactions and their impact on our daily lives.

What is World Coin

WHAT you need to know about Worldcoin

A. What is it?

▪️This is a crypto project with a confluence of cryptocurrency, blockchain and artificial intelligence technologies

▪️It’s aimed at building a BIOMETRIC Global Identity and Financial System

▪️The BIOMETRIC Global Identity will serve as a “proof-of-personhood” in the AI Driven Financial System

B. It has 4 Major Components

▪️Orb:

This is BIOMETRIC device which is being used to scan the iris in the retina (of the eye 👁)

The above is like taking your fingerprints which further confirms your identity (think of when taking an ID Card or Passport)

By the way, the iris (👁) are also unique to every person

▪️World ID:

After the scan, the system is automatically generating a unique digital identity number

So, after the scan, a unique ID is generated automatically by the system

The scanned iris will be the gateway to Worldcoin

▪️WLD:

This is the token which is issued after the registration is completed upon the scanning of the iris

Now, the WLD supply has been capped to 10 Billion TOKENS for the initiation 15 years

Of the above token, 75% has been earmarked for the “community”, 10% to the initial development team, 13% to the investors and 2% for reserve

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▪️World App:

This is the app for powering payments and DApps.

By the way, the overall objective is to have the entire global population registered through the scanning of their Iris 👁

C. Some Concerns though!!!

1. Data Privacy:

Although the team behind the project has assured of its data privacy; loss of data privacy cannot be ruled out

The data could even be sold to third parties.

The system can be hacked to steal the data!

Biometrics data with third parties can be used for fraudulent activities

Same data can also be used for other purposes rather than what it was intended for hence endangering the subscribers

2. Security concerns

As described above, BIOMETRIC data is the key to Worldcoin

Unfortunately, biometric data given to companies in an ecosystem that doesn’t have a proper regulator or framework can be misused

Such data has been misused previously, hence compromising the security of the biometric owners

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3. Price volatility

Although this affects major trading activities, the performance of the Worldcoin in the past few days after its lauch points to a highly volatile situation

On its first day of lauch, it soared to a high of 3.3 USD but this has significantly dipped by almost 35% in less than 2 weeks

The Worldcoin as earlier indicated has been capped at 10 Billion Coins, hence a market cap of roughly 22 Billion USD. This makes the chances of any significant increases very limited

Altho crypto has made more millionaires in 1 year than college degrees have in 15 years

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4. There remains little or no established legal framework or regulatory bodies to monitor digital currencies.

This therefore exposes the users.

Same with the digital biometrics.

No proper regulatory framework exists in majority of the countries to govern such

This thus exposes the population

Why Beginners In Traders Lose Money

Ever wondered why forex and crypto traders easily lose money and disappear faster than a magician’s rabbit?

If you’re making a comeback or just starting out, get ready for a laugh-out-loud tour of the silly slip-ups that make traders look like total goofballs.

Get your popcorn ready, because it’s time for some Forex and Crypto Flops!

Pip-Puns Confusion:

Imagine a trader staring at their screen, looking as confused as a cat in a dog parade.

They’re more interested in cracking jokes than cracking profits.

Newsflash:

It’s pips that bring in the bucks, not punchlines!

The Indicator Extravaganza:

Step right up and witness the spectacle of traders collecting more indicators than a squirrel hoards nuts for winter.

They’re so tangled up in lines and colors, they look like they’re auditioning for a modern art masterpiece.

Spoiler alert:

The only masterpiece is the mess they’ve created!

Impulse Buying on Steroids:

Some traders act faster than a squirrel on espresso, jumping into trades like they’re chasing a runaway ice cream truck.

It’s like a chaotic dance party, but the trader’s the one stumbling over their own feet.

Hey there, speedy Gonzalez, it’s forex – not a race track!

Confident Cowboys and Cowgirls:

Yeehaw! Watch as overconfident traders swagger into the forex saloon, acting like they’re the new sheriff in town.

They shoot first, ask questions never, and end up with an account as empty as a ghost town on a Sunday morning.

Note to self:

It’s called risk management, not a rodeo show!

Risk Management Memory Lapse:

Ever seen someone juggling flaming torches while blindfolded?

Meet the forex trader who forgets about risk management.

They go big or go home, trading sizes growing faster than a kid on a growth spurt.

Quick lesson:

Risk management isn’t a side dish – it’s the whole dang buffet!

Shiny Object Obsession:

Picture a crow collecting every shiny thing it finds.

That’s the trader chasing after every “surefire” strategy like it’s the last chocolate bar on Earth.

It’s like a comedy routine, with each new strategy getting a round of applause, until the trader realizes they’re the punchline.

Forex trading is a mix of comedy and drama, where laughs and lessons go hand in hand.

Whether you’re a trading comeback kid or a fresh-faced newbie, remember that forex is like baking a cake – it needs ingredients like knowledge, patience, and a sprinkle of humility.

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Before you hit the trading floor, take a moment to think about these hilarious blunders.

Trading might be serious business, but that doesn’t mean you can’t have a good chuckle while you’re at it.

Here’s to avoiding the laughs and learning from the mistakes on your way to forex fame and fortune.

Happy trading, and may your pips be plentiful and your laughter contagious!

Peace.

This is where all good habits need to persist long enough to break through that plateau.

If you journal everyday you might not feel its effects and benefits.

However, if you keep at it, you will reach the plateau of latent potential.

This is where you reap alot of benefits in proportion to the effort put in.

Soon enough after hitting the PLATEAU OF LATENT POTENTIAL,

You will find,

-Increased confidence in your system.

-More ways to tweak your system for optimal performance.

-More discipline will emerge because you don’t want to enter the wrong trades.

So persist in your good TRADING HABITS until you reach the,

PLATEAU OF LATENT POTENTIAL.

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The only profitable trading strategy is to know the direction/trend of the market and to avoid trading against the trend

Most importantly patience is the key, don’t chase a trend wait for pullbacks and place trades at the end of a pullback

It’s better to miss a trade than to loose a trade

Never chase the market.

Positive Compounding Exists.

When you keep on improving your life just by a small but bit everyday.

It eventually translates into more profits.

Essentially, More Discipline = More Profits.

Negative Compounding Also exists.

When you keep talking to yourself negatively after each loss it also compounds.

This is why this business is so hard because it requires you to treat yourself professionally even when you are performing at your worst.

When you learn how to trade consistently the worse thing you can do is make it public.

You never will be believed & you will grow addicted to punishing the doubters.

Be content with being a “Gray Man or Woman”.

The one who quietly kills it.

1. Don’t close trades unless they hit TP or SL.

This helps avoid GREED and FEAR in trading.

2. Trade ONE pattern only and only trade the markets when that particular pattern appears.

3. Do NOT change strategies every now and then. This delays progress.

Rather find a strategy that works and tweak it as you go.

4. Avoid being in multiple forex groups in the beginning, this will only confuse you.

5. The higher timeframe will always be king.

6. A complicated strategy doesn’t mean a profitable strategy. Simplicity is key.

7. Document your trades.

Understand and analyse why you lost or won a trade so you can use that information in the future.

And when you make some money always remember to keep some offline.

That is the surest way to keep your crypto and forex profits safe.

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Follow all these points and you sure won’t loose money as a beginner in trading.

8 Biggest Mistakes Beginners Make In Crypto and Forex Trading Markets

Before you can make a profit from crypto and forex to attain financial freedom, you must first avoid these rookie mistakes.

These are 8 of the Biggest Mistakes New Crypto and Forex Investors Make:

1. Lack of Basic Crypto or Forex Knowledge

2. Ignoring Fees

3. Short-term Thinking

4. Forgetting Crypto Passwords or Seed Phrases

5. Wrong Wallet Address

6. Getting Scammed

7. Use of Leverage

8. Overcomplicated Trading Strategy

Above all, it is important to put aside emotions when trading in crypto currencies and forex as it clouds your judgment.

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You often times self sabotage your own growth.

You’re still struggling because you self sabotage what should have been your success.

That’s why you’re your own worst enemy.

That’s why you need to defeat yourself.

This is why the battle is you v you.

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Less Is More.

You’ve likely come across this saying before.

Trading all day and night isn’t necessary.

In fact, taking just a few quality trades a week can significantly improve your profitability and mental well-being.

“99% of the trading errors you are likely to make—causing the money to just evaporate before your eyes—will stem from your attitudes about being wrong, losing money, missing out, and leaving money on the table. What I call the four primary trading fears.”

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“If there is such a thing as a secret to the nature of trading, this is it:

1) To trade without fear or overconfidence.

2) Perceive what the market is offering from its perspective.

3) Stay completely focused in the “now moment opportunity flow,” and

4) Spontaneously enter the “zone,” it is a strong virtually unshakeable belief in an uncertain outcome with an edge in your favor.”

Use these affirmations to believe in yourself as , a trader.

“I AM A CONSISTENT WINNER BECAUSE:

1. I objectively identify my edges.

2. I predefine the risk of every trade.

3. I completely accept the risk or I am willing to let go of the trade.

4. I act on my edges without reservation or hesitation.

5. I pay myself as the market makes money available to me.
6. I continually monitor my susceptibility for making errors.

7. I understand the absolute necessity of these principles of consistent success and, therefore, I never violate them.”

Once the trader is successful at being consistent, you will start to make money.

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😉

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“For those who have learned how to be consistent, or have broken through what I call the “threshold of consistency,” the money is not only within their grasp; they can virtually take it at will.

I’m sure that some will find this statement shocking or difficult to believe, but it is true.

There are some limitations, but for the most part, money flows into the accounts of these traders with such ease and effortlessness that it literally boggles most people’s minds.”

Your personal discipline in your personal life matters alot.

If you are a chaotic person then you will bring the same darkness into trading.

That is why the number one rule in trading is to conquer yourself first.

How do you conquer yourself?

Win everyday before you win in the markets.

-Exercise.

-Meditation (Especially this)

You will begin to see remarkable results.

Crypto has made more millionaires in 1 year than college degrees have in 15 years

Invest while the market is crushing.

Before this Bitcoin bull run starts for real.

Those who follow me now have a second chance to get stupidly rich in the next few years through Bitcoin.

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What is Bitcoin (A Beginners Guide)

Bitcoin is a cryptocurrency that operates on a decentralized database called blockchain.

The transactions on the Bitcoin network are recorded on a public ledger and verified by a network of nodes located worldwide.

Bitcoin is transparent and permissionless, making it a popular alternative to the traditional financial system.



What Is a Bitcoin?

Bitcoin is a digital form of cash.

But unlike the government-issued fiat currencies you’re used to, no central bank controls it.

Instead, the financial system in Bitcoin is run by thousands of computers distributed around the world.

Anyone can participate in the ecosystem by downloading Bitcoin’s open-source software.

Bitcoin was the first cryptocurrency, announced in 2008 (and launched in 2009).

It allows users to send and receive digital money called bitcoins (with a lowercase b, or BTC).

What makes it highly appealing is its inherent resistance to censorship, the impossibility of double-spending funds, and the ability to conduct transactions anytime and anywhere.

Bitcoin now has the support of presidential candidates, regulators, legislators, money managers, bankers, investors, and the general public.

The future will bring a parade of positives for those intent on proliferating bitcoin as an investment.
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What Makes Bitcoin Unique?

Here are a few of the key features that make Bitcoin unique:

1. Decentralization

Bitcoin operates on a decentralized public blockchain, meaning a central authority doesn’t control it.

Instead, transactions are verified by the network of computers, known as nodes. In addition, anyone can join the network and help secure it.

2. Permissionless

Bitcoin’s permissionless nature means that anyone with an internet connection can participate in the Bitcoin network without authorization or permission from a central authority.

Bitcoin allows users to send and receive payments with anyone on the network, regardless of location or identity.

This has made bitcoins particularly popular in regions where access to traditional financial systems is limited or non-existent.

3. Limited supply

Bitcoin has a limited supply of 21 million coins hard-coded into the protocol.

This means there will never be more than 21 million bitcoins in circulation, which helps prevent inflation.

4. Transparency

All bitcoin transactions are recorded on a public ledger that is visible to all users.

This means that anyone can see the transactions that have taken place, including the amount of bitcoin involved and the addresses of the sender and receiver.

In traditional financial systems, transactions are recorded by banks and other financial institutions, and this information is not generally available to the public.

Instead, people rely on these institutions to keep accurate records.

5. Divisibility

Bitcoin can be divided into smaller units called satoshis, which are one hundred millionth of a bitcoin.

This means that even if the price of a bitcoin becomes very high, people can still use and transact with very small amounts of the currency.

This makes bitcoins more accessible to people with limited financial resources and allows for more granular transactions.

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How Does Bitcoin Work?

When Alice makes a transaction with Bob, she’s not sending money in the way you’d expect.

It’s not like the digital equivalent of handing him a dollar bill.

It’s more like she’s writing on a piece of paper (that everyone can see) that she’s giving Bob a dollar.

When Bob goes to send the same funds to Carol, she can see that Bob has them by looking at the sheet of paper.

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BTC transaction examples.

The sheet is a database called a blockchain.

All network participants have an identical copy of it stored on their devices.

The participants connect with each other to synchronize new information.

To maintain the security and integrity of the blockchain, Bitcoin uses a consensus mechanism known as Proof of Work (PoW).

When a user makes a payment, they broadcast it to the network, where it is verified by other nodes known as “miners”.

These miners compete to solve a complex mathematical puzzle and must devote computing power to do so.

The first miner to solve the puzzle gets to add a new block of transactions to the blockchain.

As an incentive, there is a reward available for whoever proposes a valid block.

The reward, often referred to as the block reward, is made up of two components: transaction fees from the transactions within the block and the block subsidy.

The block fee is the only source of “fresh” bitcoins.

With each block mined, it adds a certain amount of coins to the total supply.

Bitcoin’s PoW consensus mechanism is designed to make it expensive to create a block, but cheap to verify that it’s valid.

Suppose someone tries to cheat with an invalid block.

In that case, the network immediately rejects it and the miner is unable to recoup the cost of mining.

What Is Bitcoin Used For?

Bitcoin is primarily used as a digital currency and store of value.

It can be used to make purchases online or in person, just like traditional currencies.

Anyone with an internet connection can send and receive it, and its digital presence means that it can be transferred globally.

Bitcoin is sometimes used for more private transactions.

The transactions are public, and the addresses (public keys) are pseudonymous, though not completely anonymous.

In other words, while the transactions are visible on the blockchain, the users behind them are not easily identifiable.

Some people also buy bitcoins as a long-term investment, expecting their value to increase over time.

Like gold or other commodities, bitcoins’ limited supply and decentralized nature have made it a viable option for investors looking to diversify their portfolios.

A History of Bitcoin

Bitcoin was first introduced in 2008 when Satoshi Nakamoto published a white paper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System”.

This white paper introduced a new digital currency that would operate on a decentralized system without relying on governments or the banking system.

In January 2009, the Bitcoin protocol was released, and the first bitcoin transaction took place between Satoshi Nakamoto and a programmer named Hal Finney.

The transaction involved sending ten bitcoins from Nakamoto to Finney.

After the first transaction, more people began to discover Bitcoin and join the network.

The digital currency gained popularity among a small community of tech enthusiasts by demonstrating that Bitcoin could function without a central authority or intermediary.

Bitcoin Pizza is another important milestone in the history of Bitcoin, as it marked the first time bitcoins were used as a medium of exchange for a real-world transaction.

On May 22, 2010, a programmer named Laszlo Hanyecz made history by using 10,000 bitcoins to buy two pizzas.

The transaction became known as “Bitcoin Pizza Day” and is now commemorated every year on May 22.

Who created Bitcoin?


Satoshi Nakamoto’s identity remains a mystery.

Satoshi could be a person or a group of developers anywhere in the world.

The name is of Japanese origin, but Satoshi’s mastery of English has led many to believe that he or she is from an English-speaking country.

Did Satoshi invent blockchain technology?

Bitcoin combines a number of existing technologies that have been around for a long time, and this includes blockchain technology.

The use of such immutable data structures can be traced back to the early 1990s when Stuart Haber and W. Scott Stornetta proposed a system for time-stamping documents.

Much like today’s blockchains, it relied on cryptographic techniques to secure data and prevent it from being tampered with.

How many bitcoins are there?

The protocol sets the maximum supply of bitcoins at 21 million coins.

As of 2023, just over 90% of these have been mined, but it will take over a hundred years to produce the rest.

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This is due to periodic events known as halving, which gradually reduce the mining reward.

What Is Bitcoin Halving?

Bitcoin’s halving is a process that reduces the rate at which new Bitcoin blocks are created.

Specifically, it refers to the periodic halving events that reduce the block rewards offered to miners.

The next Bitcoin halving is expected to happen in 2024, roughly four years after the last halving, which took place in May 2020.

Bitcoin halving is at the core of its economic model as it ensures that coins are issued at a steady pace, getting increasingly difficult at a predictable rate.

Such a controlled rate of monetary inflation is one of the key differences between cryptocurrency and traditional fiat currencies, which have an essentially infinite supply.

Is Bitcoin Safe?


One of the main risks associated with Bitcoin is the potential for hacking and theft.

For example, in phishing scams, hackers use social engineering techniques to trick users into revealing their login credentials or private keys.

Once the hacker has access to the user’s account or crypto wallet, they can transfer the victim’s bitcoins to their own wallet.

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Another way hackers can steal bitcoins is through malware or ransomware attacks.

Hackers can infect a user’s computer or mobile device with malware that allows them to access the user’s Bitcoin wallet.

In some cases, hackers can also use ransomware to encrypt a user’s files and demand payment in bitcoins to unlock them.

Because bitcoin transactions are irreversible and not insured by any government agency, users must take precautions to protect their bitcoin holdings.

This includes using strong passwords, two-factor authentication, and storing bitcoins in a secure crypto wallet that is inaccessible to hackers.

It’s also important to only download Bitcoin-related software from trusted sources.

Another risk associated with bitcoin is price volatility.

The value of bitcoin can fluctuate highly over short periods of time, making it a risky investment for those who are not prepared for the potential losses.

Closing Thoughts

Bitcoin is a decentralized digital currency that has gained significant attention in recent years.

It is the best crypto currency for beginners.

It was created to provide an alternative to traditional financial systems and operates on a peer-to-peer network, allowing users to send and receive payments without intermediaries.

While Bitcoin is still a relatively new technology, it’s already revolutionizing the way we think about money.

As bitcoin and other cryptocurrencies continue to evolve, it will be interesting to see if they become a part of our everyday lives.

5 Steps To Up Your Trading Game (And More For Beginners)

📈 5 Steps To Optimize Your Trading Game and more for beginners

Let’s face it.

The modern trading landscape is littered with pitfalls.

Too many choices.

Inconsistent results.

An avalanche of losing trades.

The haunting uncertainty of not knowing your current strategy figures.

No clear roadmap for your trades, making you feel like a blindfolded dart player.

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This iindicator scouts for Bullish & Bearish Engulfing candlestick patterns.

But that’s just the tip of the iceberg.

Without clear strategy figures, you’re essentially flying blind.

*** STEP 2 ***

This is where Predictive Analysis steps in.

You need a forecast on your winning odds for your chosen forex pair, crypto currency or stock settings.

No more dice rolls.

*** STEP 3 ***

Fluctuating results?

Mounting losses?

Uncertainty about strategy optimization?

Deploy the Parameter Optimization Matrix.

Sieve out the finest trading settings for top-notch consistency and winning potential.

Remember, the market’s temperament is fickle.

Yet, a fortified trading blueprint beats random shots in the dark.

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*** STEP 4 ***

When you find yourself nodding in agreement with the data, it’s time to follow those trading signals.

And hey, we get it.

Time is a luxury.

If the clock isn’t on your side, execute trades based on your handpicked parameters.

*** STEP 5 ***

After your first 10 trades, stop.

Evaluate.

If those win rates are dipping or if your confidence wanes, go back to the Parameter Optimization Matrix.

Tweak.

Adjust.

Because the only constant in trading—whether forex, stocks, gold, crypto currencies or oil—is change.

Adapting swiftly gives you an edge.

Trade smarter, not harder.

Every single week you should look for the likely direction of the next weeks candle.

All the hardwork is done on the weekly and daily analysis.

Once you have got a read on where these timeframes are going you should execute your trade.

It’s a matter of trading the distances between where price is on the daily right now.

To where it should likely deliver to using your chart.

Always remember this.


Never start your day without a chart.

And the trend is your friend.

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How To Take Sniper Entries In Forex

Sniper entries or rather high probability entries in forex can mean you are risking a little to make maximum profits.

Sniper entries are pretty simple, but most traders lack the discipline needed to execute such entries.

I look at three things to achieve such entries…

1. A test of a higher timeframe zone for direction.

2. Break and clearing of structure on lower
timeframe to confirm trend change and entry area.

3. Most important, higher timeframe candlestick close in your direction.

This requires a lot of patience.

This is exactly how to take sniper entries in the market.

A profitable trading approach combines sound strategies with emotional discipline!

Create a solid plan, stick to it, and overcome emotional obstacles

The result?

Increased profitability and a path to long-term success in the markets.

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The markets are heating up and sentiment is slowly changing in favor of Crypto Currencies.

What we’ll be seeing in the coming months is a case where Bitcoin slowly moves upwards, while altcoins are waking up.

Given the better circumstances get in now.
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For how long will Bitcoin follow the halving cycle.

Did you know Bitcoin will follow the halving cycle forever.

When every man and their dog is telling me the same thing on social media.

It ain’t happening.

Welcome to the crypto markets.

Where when you think you’ve found a pattern it’s because they wanted you to do so, so that they can use it against you.

Who is ‘they’?

Why the big institutional investors and whales of course.

It’s called the composite man.

Wyckoff created the idea of the Composite Man (or Composite Operator) as an imaginary identity of the market.

He proposed that investors and traders should study the stock market as if a single entity was controlling it.

This would make it easier for them to go along with the market trends.

In essence, the Composite Man represents the biggest players (market makers), such as wealthy individuals and institutional investors.

They always acts in their own best interest to ensure they can buy low and sell high.

The Composite Man’s behavior is the opposite of the majority of retail investors, which Wyckoff often observed losing money.

Hey.

That’s you.

If want to be helped get a good broker that will shield you from these predator types.

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The Composite Man concept is a simplified market cycle.

Such a cycle consists of four main phases:

Accumulation

Uptrend

Distribution

And downtrend.

But what about the Bitcoin ETF?

Media releases the perfect narrative right at the top of the market cycle, so that everyone is bullish.

Just like Tesla buying BTC in 2021.

Did you notice that was during distrubution?

I encourage you to research it.

Bitcoin now has the support of presidential candidates, regulators, legislators, money managers, bankers, investors, and the general public.

The future will bring a parade of positives for those intent on proliferating bitcoin as an investment.
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Let’s do a deep dive on volume Analysis:

Volume plays a crucial role in analyzing the Wyckoff patterns.

Big money can mask price action but it can’t hide the truth seen in the volume.

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More on Bitcoin

All it does is remove the central control of the money supply so that it can’t be abused by the few at the expense of the many.

That’s it.

Gain financial freedom from the financial market today by investing in Bitcoin.

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Trading isn’t gambling.

Neither is it based on luck.

You either have a strategy to win or else you have software that wins on your behalf.

Trading is not for gamblers.

That’s what people who fail say to themselves.

It’s a game of probabilities and possibilities.

It’s not.

You need to take time to learn the basics.

You then use data driven strategies to make informed decisions

This is after you have mastered risk management.

The markets are heating up and sentiment is slowly changing.

Learn to make the most from it.

And when you do, make sure you keep some of your funds offline.

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So as long as you follow the pattern in Bitcoins halving cycle, you will be sure to make out well.

What risks should traders know about especially Beginners.

Remember, trading involves inherent risks, and no method can guarantee accurate predictions of future price movements.

It’s crucial to conduct your due diligence, use multiple confluences and analysis methods, and stay informed about the latest market developments.

If you are new to trading, consider seeking advice from experienced traders or financial professionals.

No matter how good an analysis looks, please follow proper money management.

Use a lot size according to your risk appetite.

Do not use a lot size your account cant handle during drawdowns.

Capital preservation is key and staying in the game is number one priority.

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In some cases, large market players, such as institutional traders or big banks or the market makers may deliberately push the price to trigger stop-loss orders clustered around specific price levels.

This can happen in markets with lower liquidity or during periods of heightened volatility.

By executing stop-loss orders, these players can create liquidity for their own positions or manipulate the market for their benefit.

So the only way to win is to trade with the market makers not against them.

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For new traders, scalp as you grow your account.

If make $20 from a successful day trade, don’t withdraw all of it.

Split half and let the other half compound into your equity.

Remember, the higher your equity, the higher the lot size, and eventually the better your risk to reward ratio hence better profits.

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Which Forex Trading Strategy is best for you?

Here’s the thing:

I’ve seen traders wasting many years on trading strategies that don’t suit them (right from the start).

If ONLY they considered these 3 things I’m about to share with you…

…they could have saved years of frustration, money, time, and effort.

And, I don’t want you to be one of them.

So before you attempt to trade any forex or crypto trading strategies, you MUST consider these 3 questions…

1. Do you want to grow your wealth or make an income from trading?

First, let’s define what’s income and wealth.

Income = Make X dollars a month

Wealth = Grow X % a year

For income:

If you make an income from trading, you must find more trading opportunities within a shorter time period (for the law of large number to play out).

This means you must trade the lower timeframes and spend more hours in front of the screen.

The Forex and Crypto trading strategies you can use are scalping, day trading, or short-term swing trading.

For wealth:

If you want to grow your wealth from trading, you can afford to have fewer trading opportunities.

This means you can trade the higher timeframes and spend fewer hours in front of the screen.

The trading strategies you can use are swing trading or position trading.

2. How much time should you devote to trading?

This is a no-brainer.

But I’ve included it because I’ve seen traders who can’t think logically (not you of course).

So here’s the deal:

If you have a full-time job, or you can’t afford to spend 12 hours a day in front of your monitor, then don’t try scalping or day trading (it’s silly).

Instead, go with swing or position trading.

But, if you have all the time in the world and enjoy short-term trading, by all means, go ahead.

3. Does this Forex or Crypto trading strategy suit you?

Here’s the breakdown:

Most trading strategies will fall into 1 of 2 categories:

A high win rate with low reward to risk

A low win rate with high reward to risk

So, which approach is better?

Well, it all depends on the outcome you want, doesn’t it.?

All successful traders have this 1 thing in common.

Poor traders chase the markets.

But successful traders wait.

They allow the markets to come to them.

And only when the market is where they want it to be, then they get involved.
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Good day, and learn to minimize risk ass soon as you can.

When is the best time to stop trading as a beginner in Crypto and Forex markets

Understanding when it’s best to stop trading will ensure that you remain in the game when genuine opportunities present themselves.

By exercising caution and patience, you can preserve your capital and be ready to seize those favorable moments that align with your trading strategy.

Stay disciplined and remember, strategic restraint can be just as important as taking action in the trading world. 📊💼

Traders Psychology 🧠

Before a breakthrough in trading, you will be tested, you will be challenged and the bigger the reward the great the pain..

Its that very process of transformation that separates the top from the average,as a trader your job is to prepare for your breakthrough, you can never force success, but you can prepare for the opportunity that will take you to the other side.

Work on your skill.

You might see your friends move faster than you, but what you need to put in mind is that everyone has their own journey and path in life so stay true to yourself 💚💯💪

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Forex trading has the power of turning a dream into a reality. 📈❤️

Myth:

You need to trade frequently to be successful.

Reality:

Quality over quantity!

Patient, strategic trades can be more effective than constant activity.

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The future will bring a parade of positives for those intent on proliferating bitcoin as an investment.
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We all started thinking that Trading was all about making money with our phones or computers.

Little did we know that we were about to start a deep journey into our very own selves and we really found ugly things.


Trading is a journey to self discovery

Trading is about you!

If you can conquer you then you’ve conquered the financial markets.

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When you take your time to learn Forex or Crypto trading professionally… You will find that you can never be a loser in Forex or Crypto.

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You must learn to pay yourself first when you make some small profits from the markets.

Do not keep all of it in the markets.

Learn to keep some offline.

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So do not be like a bull charging into markets all the time.

Know when to keep off.

Know when to protect your trading strategy as well as your money, when you eventually make some as a beginner in Crypto and Forex Trading Markets.

What is the best way to get rich in Forex and Crypto Trading as a beginner?

As a beginner do not dwell on demo accounts for long, it will damage your psychology.

I remember a post someone made saying, if he had control of demo accounts, he won’t let traders use it more than two weeks before they fund a live account.

Because they dwell there too long in that comfort zone.

And I agree.

So many beginner traders freeze once they are on a real account, they are indecisive on what to do because they are trying to protect their equity.

You can’t become a good trader on a demo account, reason is because:

There is this security that comes with protecting what is yours.

On a demo account, you will find yourself jumping from one trade or the other and you keep telling yourself, you are testing to see how good you are.

But assuming it was a live account, you will see yourself asking yourself what trade should you enter because you don’t want to lose a cent, you become meticulous in thinking.

There is this awareness live account creates, it puts you in a state of reality knowing that any action you take can either profit you or you loose out.

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How can you say you are practicing money management with money that can’t be used up, fund your account and then you will understand what money management truly means.

Imagine making $200 per trade on demo accounts and then you find out on a live account you don’t have the courage to go all in.

Demo accounts are just like a person who is learning how to drive using simulation.

You can’t call yourself a professional driver until you sit on the driver’s seat and take the car for a real drive.

The market can make anyone RICH

Anyone from from anywhere

Pay the price diligently and the market will reward you📊The market is growing rapidly📊

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What’s your excuse for not being profitable?

Don’t force yourself to execute in a market you have no interest inn.

That’s how you invite losses.

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I wish everyone everything they desire📊

The Dream You Have About Forex and Crypto📈
Without Action Will Always Be Just A Dream.🙂

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How can Forex and Crypto Trading Change your life?


Forex and Crypto Trading can change your life at any time… Believe That 📈💯

Becoming a professional trader unlocks every single door that you think, at present is locked to you📊

This is how you do it…..

30 Days Trading Challenge ⬇️
–
1. Get up before the market opens.
–
2. Trade one strategy for the whole month.
–
3. Only take 1 or 2 trades daily.
–
4. Read 50 chart price actions daily.
–
5. Journal your trades everyday…. this is important.
–
6. Backtest your system for 2 hours daily.

Do this then repeat, and you will have changed your life.

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Join Now

–
The Truth About Learning Forex On YouTube ‼️‼️
.
“Don’t pay mentors for mentorship, YouTube is free” , they’ll tell you.

Ofcourse that’s true but with the amount of information available on YouTube about forex. The question now is how do you as a BEGINNER in Forex and Crypto Trading filter out the accurate information from the bullshit.

Because trust me a lot of it is bullshit.

Now imagine backtesting bullshit as a beginner and wasting your time hopping from one YouTube trader to the next.

That is no way to go about changing your life.

Why not find someone who has backtested already and has a working strategy already and learn from them and save time and potentially a lot of money.

Like this telegram group.

MG😎: https://t.me/spartzfx

That’s my two cents advise on YouTube

Also

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Risk management sounds so simple in theory.

In practice, it’s one of the hardest things to do.

Especially for newbies.

Even experienced traders still have difficulties managing their risk especially when they are winning.

So take it easy.

Bitcoin  now has the support of presidential candidates, regulators, legislators, money managers, bankers, investors, and the general public.

The future will bring a parade of positives for those intent on proliferating bitcoin as an investment.
https://www.binance.com/en/activity/referral-entry/CPA?fromActivityPage=true&ref=CPA_00R9LJ2LDW

The skill does not come in a day or two.

You might not like this, but it’s the truth.

You can’t control the market.

That’s right.

No matter how hard you try, no matter how much you want it, you just can’t control the market.

It does what it wants, when it wants.

So, what can you control?

Your reactions.

And the AI software that can help you make money off the markets.

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And then be in control of how you react to the market.

You can panic, rush in, make rash decisions.

Or you can stay calm, stick to your plan, make calculated moves.

That’s the key.

Having a plan and sticking to it.

It’s crucial.

It’s how you win.

Trading isn’t about trying to bend the market to your will.

It’s about bending yourself to the market’s will.

Remember that.

The market is the boss.

You’re just a player in the game.

The Dream You Have About Forex or Crypto📈 Without Action Will Always Be Just A Dream.🙂

Once you do succeed in making it in Crypto and Forex Trading, make sure you save your hard earned money.

The best way is to do it offline.

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That’s the only way you can make it in Forex and Crypto Trading.

5 Steps for Disciplined Trading For Beginners

1. Take direction from the market, not from your hopes, greed, or fear. Most traders do not see the market clearly.

2. Control your beliefs about the market & focus on longevity

3. Predefine your risk before taking a trade, trade according to your account size

4. Cut your losses without hesitation

5. Use a profitable systematic money management plan or use my signals👨‍💻🤣

Introducing Exness Team Pro 🚀
A group of highly skilled traders ready to share with you their personal experiences, unique insights and proven strategies; all here at Exness.

They inspire and guide traders by empowering local communities in the dynamic world of trading.
Exness Team Pro is committed both to educating aspiring traders and inspiring professional traders with new ideas and strategies.

Get to know them, learn from their journeys and use it to hone your skills even further!

Welcome to the big leagues. 🌟

Learn more here

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Maintain a delicate balance of preparation and patience..

Create a watch list, identify levels, and be ready to act when the right moment arises.

Remember, there’s no need to rush; let the market unfold naturally.

Bitcoin  now has the support of presidential candidates, regulators, legislators, money managers,
bankers, investors, and the general public.

The future will bring a parade of positives for those intent on proliferating bitcoin as an investment
https://www.binance.com/en/activity/referral-entry/CPA?fromActivityPage=true&ref=CPA_00R9LJ2LDW

We avoid taking Risk coz we don’t want to fail, failure makes us feel dumb.

Hence, its very normal to want to avoid risk, it makes us feel safe.

But failure is how learning and growth occurs.

By avoiding risk, we are also avoiding learning and growth.

Your winning trades do not define your success.

What defines your success is the process you have mastered.

Get so great at it that if you were to lose everything, you would not fear it, because you know how to get it back.

Investments are a necessity , making them early is important.

But what’s better is having a company that guarantees minimum risk of losing.

And then you have this platform that helps beginners

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Join our Telegram channel for more proper Signal’s Analysis and learning tips.

MG😎: https://t.me/spartzfx
MG😎: spartzfx.business.blog

Don’t Force Trades

Don’t Force Entries

Learn To Wait 📉

The Dream You Have About Forex Or Crypto📈 Without Action Will Always Be A Dream.

🙂If there’s one thing I’ve learned over the years it’s to have resilience.

So many times I wanted to quit and walk away, but no matter what I stayed with it and things consistently got better.



So for anyone that is on their forex or crypto journey, just promise yourself to stay resilient through out the thick and thin and I promise you, it’ll be worth it 🙏🏻

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I tell people this all the time,

Emotions impacts one thing.

Decision making.

And thats what people dont get in trading.

It’s all decision making.

Where to enter, where to exit, where to cut a trade.

And how to manage the trade.

Also, were to place their money once it has been made.

Having secure custody of your crypto or forex is essential.

This is particularly true for institutional investors and beginners who often hold and trade large amounts.

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These are 5 steps and more for desciplined trading for beginners in Crypto and Forex Trading.

19 things you need to know if you want to make it in Forex and Crypto Trading

Listen to me if you want to make it in Forex or Crypto markets as a beginner💝💖💝💝💖💙

What you should do if want to make it in Forex and Crypto markets (as a beginner)

1. Avoid competition

2. Avoid recognizion

3. Dont be in a hurry, you will injure your financial self

4. Dont be carried away with persons making
millions a day or flipping small to big in a day

5. Avoid being like others or copying them, when you haven’t even started being your own self first.

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A group of highly skilled traders ready to share with you their personal experiences, unique insights and proven strategies; all here at Exness.

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Get to know them, learn from their journeys and use it to hone your skills even further!

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❤️💙💝💜

6. Be 1000000000% patient to make it, even if it takes you years of study or months to flip that small account.

7. If you are in a hurry or impatient,, your emotions will be automatically high by itself.

8. Avoid 90% YouTube videos that over hype themselves and trivialize how difficult it is to make it in the markets.

Focus only on the videos of concept owners, like ict concept, btmm concept, technicall concept, smc concept, fb concept, from there founders.

Bitcoin now has the support of presidential candidates, regulators, legislators, money managers, bankers, investors, and the general public.

The future will bring a parade of positives for those intent on proliferating bitcoin as an investment
https://www.binance.com/en/activity/referral-entry/CPA?fromActivityPage=true&ref=CPA_00R9LJ2LDW

💖💜💙❤️

9. Stop trading to please Facebook viewers, telegram group member, WhatsApp members, your admin, your friends, it doesn’t matter,trading is a business not entertainment.

10. Stop trading to pull crouds, or make people hail you, recognize you, praise you, call you names like boss, making your head bigger than it used to be.

11. Know your area and calling and office in trading, you can’t be like anyone else.

B. It’s’s not a matter of having big accounts, just be yourself, control yourself, mind your business, leave the public, leave them alone and pursue your own way.

Their equity and profit is not yours, get your own.

Stop chasing after other peoples money or fame.

You will not be patient but will be distracted and in a hurry to make it like them. Without knowing how they got there.

12. Everyone has there own calling. Look for yours.

13. A concept owner, a mentor, a student, a YouTube trader, a retailer, this are all traders with different strategies, spirit, skills, and grace. Once again, find yours.

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14. Dont trade to impress people,, trading is a business, just go out there and make money for yourself.

If you can’t, get an AI robot to do it for you.

Forexcopier is the most advanced trading AI to date
with a verified track record of profitable trading.🏆

☑️Hands-free trading

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15. If you loose, no one of those people you are trying to impress or even your admin or ict, btmm, smc, fbs, Pa, your mentor, your so called friends, really care about you.

YouTube,Facebook, WhatsApp,telegram will never dare fund your account.

They will only tell you sorry, give you videos and pdf and advice, that’s all, and then they leave you.

16. If you make money, you make it for yourself and family alone, and if you loose only you and your family alone will suffer it😢.

Having secure custody of your crypto or forex is essential.

This is particularly true for institutional investors or Beginners who often hold and trade large amounts of money.

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17. Everyone has there own office in forex and crypto, you cant be like the other Traders.

There are things I can do that you can’t do and things you can do that i can’t do.

💙💝💜💖

18. They have made it after so many years of study and knowledge, and you want to make it now, over one measly trade?

No, thats gambling and impatient thinking.

19. Relax, know your self, teach yourself, no body cares about you and your success, nor even your failure!

These are the 19 things you need get to know if you want to make as a beginner in forex and crypto trading.

7 Major Reasons Forex and Crypto Begining Traders Blow Their Accounts

Why beginner traders blow their trading accounts.

This is the biggest challenge faced by traders and most especially new beginning traders. It will be a long read but it will be worth your time.

You can’t be a profitable trader when you keep blowing your account and here are few reasons why beginner traders lose accounts.

1. Lack of adequate knowledge:

A lot of people jump into trading for the sole aim of making money and as such miss the key points of what trading entails such as the analysis, risk/reward, psychology of trading etc.

2. Trading pressure:

It’s common that a lot of traders flaunt their trading skills online.

This cannot be controlled as most of these skilled traders use this method to acquire new students who will be under their mentorship.

Placing yourself into undue competition with them and trying to replicate what they do is the fastest way to kill your account.

There is a saying that goes “the house that pounds noisly thinks the silent house don’t eat”.

You don’t have to show off to become profitable and you shouldn’t allow such pressure get to you.

3. Psychological imbalance:

Everything about trading revolves around profit and loss, getting used to winning some and losing some is the only way to become a balanced trader.

Winning and losing is inevitable in trading.

4. Financial pressure:

The goal of every business owner is to make profit and solve their problems.

While this is true it is pertinent to know that it isn’t the same for traders.

Trading should be a long term process, it’s not something you flip to solve basic needs.

It can only serve this purpose in the long run.

5. Ignoring stop loss:

Stop loss gives protection to your equity.

Unfortunately traders avoid it because they feel stop loss can hinder their profit should a trade reverse.

We have seen trades hit SL before going towards your direction while this can hurt, it is also good to note that, there will be other setups, better to incur little loss than risk your entire account.

6. Lack of a proper exit plan:

Holding a losing trade with the hope of it reversing is a bad trading strategy, learn to give up on a losing trade, and look out for what is to come.

7. Lack of confidence:

Never allow other people’s voice drown out your own voice.

Learn to trust your knowledge.

There is no wrong or right in the market until the market says so.

What you see might be different from what someone else sees and it doesn’t make either of you right or wrong until it plays out in the market.

Changing your views and focusing on someone else’s analysis can be a fast way to kill your account.

Investments are a necessity , making them early is important.

But what’s better is having a company that guarantees minimum risk of losing.

And then you have this platform that helps beginners

XM Capital

For forex or crypto trading at

https://clicks.pipaffiliates.com/c?c=676250&l=en&p=0

I hope you were able to learn something from this and equally know where it affects you and then you make changes to your way of trading.

It’s about time we revolutionize trading in a professional civilized manner where we only talk charts and not lifestyle showbiz.

Risk management measures volatility and the likelihood of negative outcomes to a trade.

However, a successful trader should never run away from risk.

Bitcoin now has the support of presidential candidates, regulators, legislators, money managers, bankers, investors, and the general public.

The future will bring a parade of positives for those intent on proliferating bitcoin as an investment.
https://www.binance.com/en/activity/referral-entry/CPA?fromActivityPage=true&ref=CPA_00R9LJ2LDW

If I was to begin forex trading today, this is one of the things I would do to avoid wasting time.

I would only focus on one pair and get married to it.

Backtest and create a strategy around that pair.

Avoid multiple pair trading if you are a beginner in forex.

You will never see the fastest long distance marathoner Eliud Kipchoge competing for the swimming championships medal or Lewis Hamilton competing in chess.

Focus. Concentrate.

Specialization is key.

Focusing on one currency is always good for beginners in forex.

They learn how euro/usd (mostly this is advisable) behaves under different circumstances.

It’s less volatile and easier to learn for technical purposes.

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The only profitable trading strategy is to know the direction/trend of the market and to avoid trading against the trend

Most importantly patience is the key, don’t chase a trend wait for pullbacks and place trades at the end of a pullback.

Old and mature traders follow international news eg. Fox news to keep up with the current world events and can trade anything as long as an opportunity showes up.

There is a difference between “Trading every day” and “Showing up every day”.

Not every day is a trading day.

But you still have to show up and look for your setups.

Show up – day in, day out.

And when you can’t, it’s advisable to get a good AI software that can do the trades for you.

Forexcopier is the most advanced trading AI to date,
with a verified track record of profitable trading.🏆

☑️Hands-free trading

☑️Verified track record

☑️low drawdown

☑️Prop firm compatible

☑️Beginner friendly

Find out how Forexcopier can transform your trading portfolio today!

Go Here –
https://forexcopier.com/afs/idevaffiliate.php?id=1010

Also, when you have made a little money from the markets, keep some aside offline in a safe secure place, for further investing in the future.

Check this out:

Yet another amazing Ledger offer for people worried about where to park their crypto or forex offline!

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So these are the 7 major reasons Beginners in Crypto and Forex Trading blow their accounts…. with a little bit more advice, to help you along.