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FOREIGN EXCHANGE MEANING
This is the most common question which we get more often times. Forex in simple terms is the BUYING and SELLING of currencies on the global financial market.
Price broke out from the bearish corrective phase and dropped massively to the downside.
Did you gained something, do like all posts.
Finally after waiting patiently, price broke out from a previous structure level and formed a bearish corrective wave which would confirmed that the impulsive phase is about to begin.
While waiting for a breakout of the structure, price kept making higher highs meaning the pullback was still very much active and this is where traders need to exercise patience. (Forex is 80% Waiting and 20% Execution)
In order to find opportunities to enter the market, we need to find a break of structure and a valid bearish correction.
The next step for us to do as a trader is to observe what price is doing. In this case, price is making an Impulsive move and a pullback. Our next opportunity would be a potential bearish continuation.
This shows the outcome of the analysis performed on the chart. We will now show you the steps taken to spot this opportunity.
⚠️ I am sending a case study of how to analyze the market and spot opportunities in the market.
Stay Tuned
GOOD MORNING TRADERS! HAPPY NEW BLESSED WEEK GUYS
It’s yet another day of the week filled with possibilities and opportunities to be great men and women of substance.
Let’s be strategic, be purposeful, be focused and most importantly, Let’s live a life of purpose👌
WISHING YOU A LOVELY DAY AHEAD 🙏🏼
PURE TECHNICAL ANALYSIS
Price is in an overall uptrend and it creates Impulses and Pullbacks to make the upward movement moving. Price also would need to break the previous high (which is identified with arrow) for the uptrend to continue moving.
FOREX COMPOUNDING INTEREST CALCULATOR
We've just developed an excel interest calculator to calculate the profit earned over the predefined number of periods (Monthly), use the calculator below.
With a simple input of the starting balance, and the percentage gain per each period (recommend 10% to 20% monthly). You will get the results in a detailed table showing the progress of the investment per each period.
SOME QUICK TIPS!
Keep yourself in check, by writing down some of your most important tips.
I always review my learnings and keep them organized. I suggest you do the same, to keep yourself accountable.
TRADING FACTS
APPROACH TRADING AS A BUSINESS: Your wins are your revenue, while losses are your expenses.
Just like any successful enterprise, focus on maximizing your profits while managing your losses.
Keep a keen eye on your bottom line and strive for consistent growth. By treating trading with this mindset, you'll build a solid foundation for long-term success in the markets.
Simple as that.
