Learn forex Trading📊

Educational Post📕 IGNORE THE NOISE AND NEGATIVE EXTERNAL ENERGY Trading is a one big system that consists of various different components: technicality, psychology, money management and so forth . The most difficult one out of all the elements is definitely psychology. Human psychology is a perplexing system that studies our mental process and behaviour. Our behaviour and mood rely on multiple internal and external factors. In our everyday life, our behaviour towards something can easily change when being affected by negative energy. The very same principles apply to trading. Our decision-making process can easily get fogged and mood get ruined after experiencing some losses, opportunity misses and so on. Even worse, our desire and will to keep trading and striving for success can get intercepted by some negative opinions and attitiudes of surrounding people.

STRATEGY #1: CONSIDER THE 1% RULE ⭐The 1% rule is a simple risk management strategy that entails not risking more than 1% of your total capital on an investment or trade. If you have $10,000 to invest and want to adhere to the 1% rule, there are a few ways to do so. ⭐One would be to purchase $10,000 worth of bitcoin (BTC) and set a stop-loss or stop-limit order to sell at $9,900. Here, you would cut your losses at 1% of your total investment capital ($100). ⭐You could also purchase $100 of ether (ETH) without setting a stop-loss order, as you would only lose a maximum of 1% of your total capital if the price of ETH were to drop to 0. The 1% rule doesn't affect the size of your investments but the amount you are willing to risk on an investment. ⭐The 1% rule is especially important for crypto users due to the market's volatility. It can be easy to get greedy, and some investors may put too much into one investment and even suffer heavy losses expecting their luck to turn. Like 👍 & Share 😀 @crypto_learne

Pennants Pennants are drawn with two trendlines that eventually converge. A key characteristic of pennants is that the trendlines move in two directions—that is, one will be a down trendline and the other an up trendline. The figure below shows an example of a pennant. Often, volume will decrease during the formation of the pennant, followed by an increase when price eventually breaks out. Follow @Crypto_Learne ✅

Identifying the Direction; Buy, Sell or Stay away? * Firstly, you need to decide a direction; to buy or to sell. Do not predict the market’s direction because market is always right. In an unsure situation, deciding to stay away is also as important. * Scalpers only trade when the big players are in the game as they only care about quick profit when the price moves. * For beginners, trade only when market is trending. After using the higher timeframe to narrow down the trading range, a scalper will buy when the market is buying and sell when the market is selling . * How to identify when market is buying or selling at the key levels? A scalper uses the candlesticks and chart pattern formations in the lower timeframe as a guide. * It is advisable not to scalp against the trend. This is a counter trend strategy. Build your confidence in focusing in only one direction. Remember, you just need to execute 4 trades in the next 4 trading hours during the New York market. There are ample opportunities to scalp. So, be patient, discipline and focus to identify the highest winning probability trades.

Essential Trading Rules to Follow: 1. Entry Confirmation: Only enter a trade after the trend confirmation by a strong candle signal. This validates the direction 📈 2. Strategic Stop Loss: Place your stop loss just below a key zone for risk management. This minimizes potential losses 3. Profit Targets: Set your take profit at a logical level, based on larger timeframe analysis. This maximizes potential gains 4. Patient Trading: Wait for the trade to develop without rushing or letting emotions influence your decisions. Patience is key By sticking to these rules, you'll enhance your trading discipline and potential for success

6 simple strategies for trading forex mastering your inner game

learn forex trade

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