FEAR Fear is one of the two most frequently talked about emotions in trading (greed, which comes next, is the other one). Fear manifest itself in a number of ways in trading and it can be the cause of many trading mistakes. The fear of losing
Let’s categorize it into 3 ENTRY QUESTIONNAIRE IS THIS A RISK ENTRY OR REDUCED RISK POSITION? IS PRICE MOVING IMPULSIVELY OR CORRECTIVELY? IS PRICE IN THE IMPULSIVE PHASE OR THE CORRECTIVE PHASE? IF PRICE IS MOVING CORRECTIVELY, ARE WE FORMING A CONTINUATION OR A REVERSAL? IS
Three Black Crows Pattern Black Crows Pattern Candlestick patterns are the key technical tool for traders to understand the price movement of securities. The candlestick charts are most used by traders and candlesticks are formed by the open, close, high, and low prices of a security
Trading Game Plan Your Trading Game Plan Your first step to being a successful trader is developing your game plan. This is your blueprint of how you will approach and navigate through the markets every day. Write it down, and consistently review it. Be as detailed
What is Liquidity? The markets need to generate liquidity in order to move up or down. If liquidity isn’t already there, then it will will be created.Retail basics are like support and resistance, double top, double bottom and Trendlines. These areas are mostly generates liquidity to
1.FOCUS ON ONE SETUP There are several advantages to focusing on one forex trading setup: 2. START WITH SMALL CAPITAL starting with small capital is a wise approach, especially for beginners. Here’s why: 3. AVOID SYSTEM HOPPING System hopping in forex trading refers to the frequent
To be a great trader, you must be open-minded and flexible when new technical information emerges. Throw your opinions out the window. Breakouts will continue to work most of the time in a bull market because human emotions don’t change. Accumulation and distribution are clearer and
These 5 steps are an overview of the Wyckoff method along with his three laws of price action 1. The law of supply and demand determines the price direction. This is his central principle and method of trading. When demand for a stock is greater than
Technical indicators are mathematical calculations – or can even be something as simple as a trendline – that allow traders to identify when an asset is experiencing overbought or oversold conditions. It uses historic price, volume, and open interest information to forecast what direction the financial
This is the weakest it has been since April 8, when the official rate closed at N1,230.61/$1, suggesting downward pressure ahead of the weekend. The exchange rate at the official window strengthened to N1,072.4 on Wednesday, the lowest since January 2024, as the apex bank stepped