Trading, especially to the unaware, is generally intimidating. Some would even go as far to say that it’s frightening! Over time we’ve heard it all: ‘participating in the market is a sure-fire way to lose your shirt’, ‘the market is rigged’, ‘it’s gambling’ – the list is endless! So why, if all the above is … Continue reading Traits of a successful trader
Tag: forex for beginners
Harmonic Patterns: What is an AB=CD Formation?
Updated November 2020 All financial markets create trends and identifiable patterns. At first glance, harmonic configurations may seem puzzling, even mysterious. Harmonic patterns, however, are established through clear price structure and Fibonacci measurements. The concept of harmonics, according to research, were first introduced by H.M. Gartley in his book Profits in the Stock Market, originally … Continue reading Harmonic Patterns: What is an AB=CD Formation?
Trading Expectancy – Thinking in Probabilities
Updated August 2020 Did you know you don’t have to be right each time you interact with the market? You don’t even need to be correct 50% of the time to succeed. Once a trading system is mastered, one with an edge, trading should be no more than a repetitive chore – almost boring. Because … Continue reading Trading Expectancy – Thinking in Probabilities
Why Trading Should Be Boring
If you’re in this business for a dose of excitement, we can say with a high probability that you will eventually lose your entire account! For traders just beginning their journey, they may find the above statement a little off-putting, or even confusing. Is trading not supposed to be one the most exciting activities in … Continue reading Why Trading Should Be Boring
Supply and Demand: Learn to Identify POWERFUL Reversal Zones
The past decade witnessed a new type of trading strategy surface that has become widely popular with forex traders. The energy behind supply and demand zones is well documented. The problem, however, is many traders fail to recognise the subtle nuances that help determine an area’s strength. The basics In a nutshell, supply and demand … Continue reading Supply and Demand: Learn to Identify POWERFUL Reversal Zones