Hey traders,
In this educational article, we will discuss 3 stages of the evolution of a trader .
Stage 1 - Unprofitable trader 😞
The unprofitable trader has very typical characteristics:
-total absence of trading skills
Most of the time, people open a live account simply after completing some beginners course like on babypips website.
Being sure that...
In my videos, I frequently use the term "trading account drawdown ".
Many of you asked me to explain the meaning of that term and share some examples.
What is Trading Account Drawdown?
The account drawdown is the highest observed loss from the highest
value of the deposit to the lowest value of the deposit at
a certain period of...
In this article, I will show you a simple technical indicator that will help you to identify support and resistance levels easily trading any financial market.
And what I like about this indicator is that it is absolutely free and it is available on all popular trading platforms: tradingview, meta trader 4, meta trader 5, etc.
This indicator is called ...
Hey traders,
In this post, I will share with you my tips for trade management in Forex trading .
But first, let me elaborate on what is exactly a trade management .
Trade management is the set of rules and techniques applied for managing of an already active position.
Trade management is a very important element of any trading strategy that should...
I will reveal 4 accurate price action signals that even a newbie trader will manage to easily recognize.
Watch carefully because these signals alone will help you to make a lot of money trading Forex, Gold or any other financial market.
Change of Character
Change of character is a strong signal that indicates a trend violation and a highly probable...
Hey traders,
If you are wondering how to start Forex trading, or you just started to trade, I suggest a 12 weeks intensive learning plan.
Each week will be dedicated to a specific topic. Starting from the basics you will gradually mature and by the end of the intensive you will have a complete trading strategy.
✔️Week 1 - Practice market trend...
Hey traders,
In this post, we will compare investing, trading and gambling .
📈 Investing
Investing is the act of putting money in a financial market with the expectations of a long-term positive return.
The investing decisions are usually made using fundamental analysis.
The main goal of an investor is to predict the long-term market trends and benefit on...
Hey traders,
In this post, we will discuss a common fallacy among struggling traders: overestimation of a one single trade .
💡The fact is that quite often, watching the performance of an active trading position, traders quite painfully react to the price being closer and closer to a stop loss or, alternatively, coiling close to a take profit but not...
A lot of traders apply trend lines for trading and making predictions on different financial markets.
Trend line can also be an important element of price action patterns.
However, only few knows that some trend lines are better to be avoided.
In this article, I will share with you the types of trend lines that you should avoid and not rely on for...
Hey traders,
In this post, we will discuss 3 classic trading strategies and stop placement rules .
I will teach you how to set a safe stop loss, relying on price action.
1️⃣The first trading strategy is a trend line strategy .
The technique implies buying/selling the touch of strong trend lines, expecting a strong bullish/bearish reaction from that.
If...
Harmonic ABCD pattern is a classic reversal pattern.
In this article, I will teach you how to recognize that pattern and trade it properly.
This pattern is composed of 3 main elements (based on wicks of the candles):
1️⃣ AB leg
2️⃣ BC leg
3️⃣ CD leg
The pattern is considered to be bullish if AB leg is bearish.
The pattern is considered to be bearish if...
When it comes to technical analysis,
the understanding of which support and resistance levels to not trade can be as important as knowing which ones to trade.
In this article, I will show you the structure levels that professional traders avoid to maximize their profits and minimize losses.
Invalidated support and resistance
Invalidated...
Hey traders,
In this post, we will discuss a typical psychological mistake that a lot of traders frequently make, facing a losing streak.
🤑 Analyzing different charts, we may spot a decent trading setup. Being 100% sure in our predictions, we open a trading position.
After some time, we are stopped out.
Instead of admitting that we were wrong, we are...
Have you ever been in the following situation?
You pick a trading strategy, you make nice profits and then, for some unknown reasons, you start losing. You take one trade after another and the strategy stops working.
That is a very common thing that happens will every trader. I am trading for more than 9 years, and you know what, this year I got a trading...
Hey traders,
It turned out that many newbie traders completely neglect spreads in their trading.
In this post, we will discuss what is the market spread and how it can occasionally spoil a seemingly good trade.
💱No matter what financial instrument we trade, in order to buy the asset we need to have a counterpart that is willing to sell it to us and vice...
Even though I am a pure technician and I rely only on technical analysis when I trade, we can not deny the fact that fundamentals are the main driver of the financial markets.
In this post, we will discuss the most important fundamentals that affect forex market.
You can check coming fundamental news on TradingView in the economic calendar.
The...
Hey traders,
In this post, we will discuss trading sessions in Forex .
Let's start with the definition:
Trading session is daytime trading hours in a certain location.
The opening and closing hours match with business hours.
For that reason, trading hours are varying in different countries because of contrasting timezones.
❗️Please, note that different...
Hey traders,
In this post, we will discuss types of orders that we use in Forex trading.
➖ Market order.
Trading position is opened at a current price level.
Buying the asset, you will open a trading position at a current ask price.
Selling the asset, you will open a trading position at a current bid price.
Even though market order is the most...
