COMMON TRADING BIASES A bias is best defined by Evans Dylan in the book Risk Intelligence as a tendency to make mistakes of a particular kind, not random errors but ones that are skewed in one direction. In the financial markets, traders often end up on
MOVING AVERAGES A moving average is a technique to get an overall idea of the trends in a data set; it is an average of any subset of numbers. The moving average is extremely useful for forecasting long-term trends in sales, prices, yields, population etc. You
What Is INDUCEMENT Trap? •Inducement Trap Occurs When Market Rejects Next To Your PointOf Interest (POI) Leaving A Low Or High Depending On A TrendYou’re Introduced To , That Has Liquidity That The Market Needs ToSweep. •That Low Or High The Market Leaves It Acts As
Understanding market structure is one of the most critical aspect of becoming a consistent, lucrative and a successful trader. Really understanding market structure and how you place yourself in any order flow. Some traders continue to trade using a basic rule based “system” with a “good
WHAT IS MARKET STRUCTURE!?Market structure definition: The framework or structure that any particular market is presently trading in. A market structure may assist you to comprehend the behavior, state, and present flow of the market. It indicates support and resistance levels, swing highs, and swing lowsMarket
Knowledge Deficiency – Most new FOREX traders don’t take the time to learn what drives currency rates (primarily fundamentals). When news or a statement is due out they must close out their positions and sit out the best trading opportunities. They are taught to only trade
Understanding Candlestick How to Read a Candlestick? How to Read a Chart Using a Candlestick? How to Find an Opportunity Using a Candlestick? What is a Candlestick? Candlesticks are a reflection of what buyers and sellers are doing. Candles tell you who is in control in
Forex trading can be an exciting and potentially lucrative activity, but it is also inherently risky. The foreign exchange market is one of the largest and most liquid financial markets in the world, and prices can fluctuate rapidly in response to news and events. To be
Horizontal Fibonacci retracement lines represent price support and resistance levels. Fibonacci works well in trending markets. When the market is heading up, go long (or purchase) on a Fibonacci retracement. When the market is going DOWN, short (or sell) at a Fibonacci resistance level. Fibonacci retracement
Thing #1: Don’t Daytrade all session long At the time, I thought more hours trading was a good idea. More hours, more opportunities, right? Not quite. It led to a loop of overtrading, exhaustion, and poor trade selection. Instead, I limit my daytrading to two to