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How to start Trading?I'm very active in a few communities (the Tradingview official Discord for example) and one of the most asked question is: How do I start trading? Let me try to give you a blueprint on what to do to at least get some foot in the ground! Lets make something clear: you are learning a new job here! thread it that way and you will have the best chances! (No job on this planet can be learned in just a few weeks, you need months and years to get on a level you can be sell-employed) I give you a fast-track on certain things but make sure you research every point more then I provide still, this is just the blueprint. After that, its you that has to study. no one can help you there.. --- Candles --- OHLC (Open High Low Close) is all you need, its the founding blocks on 99% of TA out there! Open and Close are the values when the candle opened/closed on the timeframe you are on. High and Low is the highest and lowest value trades were happening while in the timeframe (also called: Wicks). Volume is also something you hear a lot and is important to know, it shows how much was traded in that candle (shows the power~) --- TA (Technical Analysis) --- With TA we try to predict a probability in future prices to find opportunities in the market. Across Tradingview there are thousands and thousands of indicators available to you, we just need to focus on the biggest and most common ones for the start. RSI MACD Moving Averages (simple, exponential, smoothed, and so on..) Price trends Support and Resistance Volume Start with those 6 and work your way through all of them, analyse how they work, what they mean, where they come from and you have a good knowledge for future improvements. (yes, you probably don't need all of them, its just a good base to have) --- Trading Terms and there meaning --- Learn the following words and what they mean in the sense of trading: - Long / Short - Bid / Ask (combined with spread below) - Crypto, Forex, CFD, Stocks, Options (Bonds, Shares, Indices...) - Market Order / Limit Order (Stoploss, Profit Target) - Leverage - Margin - Spread / Slippage (related to News) there are a lot more to learn, but this will get you suited for the next few points. --- Find your way --- Find what you can do and what you can't do (some of us have family, a 9to5 job, other things) that will not let you trade every way. Make yourself a time-table, a budget plan and then research on this criteria how you want to spend your trading-time. (If you have a 9to5 job, you probably cant watch the chart on a minute timeframe, so strategies involving this is not suited) --- Risk Reward --- Calculate how much you need and with that information backtest your strategy to find out how profitable it is and then set your risk:reward ratio to the calculated risk you can afford to lose to still make the profit you need in the end. Example: If you lose 2 trades with a RR of 1:5 and win another one, you won 3R (Lost 2 = -2R, Won 1:5 so + 5R = 3R - its not precise, as there is slippage and commissions). If you are happy with 2R, then thats the way you trade from now on. Keep this always the same as the math dont lie but your feelins will try to betray you (thats the psyochology part that comes up next) This point is very, very important to understand and to learn and to adapt to your circumstances. if you don't do that, you will fail no matter what! --- Psychology --- Well, thats one of the major points and its very, very big. Do a lot of research on this part and also use papermoney as kind of a challenge for yourself so if you lose it, you still get "mad". baseline is: dont have feelings! it has to be all mathematical and mechanical. --- Paper Trade --- Yes, don't use your own money in the beginning, you can paper trade on Tradingview for free without any risk and you can test all the strategies/indicators on this planet for free and see how they perform. Make challenges for yourself (so psychology is also trained). Don't underestimate this point, paper trade for at least 6 month every day 6h to really grasp what you are up to, what you are doing, how to improve everything and to get the feeling for everything! Once you went through those points you are given a toolbelt with a lot of tools, now its time to figure out what tool to use in what situation. Research a lot of strategies and find something that works for you.. and then melt it into something useful!
Education
by Swiss_Traders
Point and figure (Part 2)Box size: The minimum price movement required for a new column to be added to the chart. Reversal amount: The number of Xs or O's in a column before a new column is added. Support and resistance levels : Areas where the price has difficulty falling below (support) or rising above (resistance). Price targets: The level at which a trader expects the price to reach. Stop-loss levels : The level at which a trader exits a trade to limit their losses. Double top and double bottom: A chart pattern that is formed when a security's price reaches a high or low level twice and then falls back. This can indicate a trend reversal and a potential buying or selling opportunity. Triple top and triple bottom: A chart pattern that is similar to the double top and bottom but the security's price reaches the high or low level three times before reversing. Breakout strategy : A strategy where traders buy when the price breaks above a resistance level or sell when the price breaks below a support level. Trend following strategy: A strategy where traders buy when the price is in an uptrend and sell when the price is in a downtrend. Mean reversion strategy: A strategy where traders buy when the price is undervalued and sell when the price is overvalued, based on historical price levels. It's worth noting that point and figure charting is a discretionary method of technical analysis, and it requires a certain level of experience and knowledge to correctly interpret the chart and to use the strategies mentioned above.
NSE:NIFTYEducation
by pratik2358
Engulfing Candle & Market Reversal | Advanced Lesson Hey traders, In this article we will discuss how we can spot a market reversal relying on a classic candlestick pattern formation. The Bullish Engulfing pattern is a two candlestick reversal pattern that signals a strong up move may occur. It happens when a bearish candle is immediately followed by a larger bullish candle. This second candle “engulfs” the bearish candle. This means buyers are flexing their muscles and that there could be a strong up move after a recent downtrend or a period of consolidation. On the other hand, the Bearish Engulfing pattern is the opposite of the bullish pattern. This type of candlestick pattern occurs when the bullish candle is immediately followed by a bearish candle that completely “engulfs” it. This means that sellers overpowered the buyers and that a strong move down could happen. If the engulfing candle engulfs 2 preceding candles, it indicates even stronger momentum. Learn to spot that pattern because it is extremely efficient. What do you want to learn in the next post?
OANDA:XAUUSDEducation
by UnitedSignals
6
BTC long-term: POTENTIAL SCENARIO!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC $BTC is currently trading at the $17400 Level. As per the chart strong holding support $17200 Level which is good for the Bulls. The next Resistance is $18400 which is also the retest level of the Last breakdown Support. I am expecting some Rejection from that level and we can see some more Downside move. But now we can see some upward movement in short term. My Resistance levels:- $18400-$19000 Support:- $16500 - $17200 Analysis - I have taken fractals from the past, 2019, from historical price action that we refer to as an 'echo bubble'. - According to the fractals, one possible scenario is that we tap $14k, before making a 100% move up to $28k. - This would be a completely reasonable trajectory to have in mind, considering that we have seen a case for Bitcoin moving from $4k to $14k - Eventually, we would peak around the summer of 2023, with everyone thinking that the macro bull market has resumed. - Personally, if this speculative scenario plays out, I would revert back to holding a massive cash position until the dust settles again. - People, including myself, thought we'd never get back below 20k, and here we are now, with people calling for $7k. Comment your view in the comment section and stay tuned, I will keep updating BTC in the different time frames. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Short
by CRYPTOMOJO_TA
5
🟥HOW TO GET RICH?🟥 🔳Have A Vision Self-made millionaires have a clear vision of their life. A focus on an idea or business defines their life. Instead of waiting around for the universe to do the work, they put in the hard work and take the steps to make their vision come true. Take a look at your current life and write down what would need to change in order for it to equal your vision. Make small actionable steps every single day to work towards your goal. 🔳Surround Yourself With Supporters Often, we surround ourselves with naysayers and people who keep you down because they’re familiar. But if you’re wanting to become something you aren’t, you need to surround yourself with people who are closer to or on their way there themselves. These people will be supporters to you instead of discouraging your ideas, no matter how improbable they sound right now. Ambitious people feed off each other’s energy and can help drive you to action. If you don’t have anyone in your life or near you who fit this then do the next best thing – read about them. Reading biographies of people who have done something similar to what you hope to accomplish keeps you motivated and in the right mindset. You may even pick up glimpses of their business savvy that gives you ideas of your own. Focus on people who had an average life before their success; not someone who was born into wealth and privilege. 🔳Be Selective With Your Time Stop doing the things that won’t make you rich. It’s simple in theory but so much harder to do in practice. While having hobbies and volunteering is good, if you find that all of your free time goes to these activities, it’s time to reassess. There are only so many hours in a day and if you don’t leave enough time to work towards your goals, you’ll get nowhere. Always have an outlet for relaxing but perhaps you don’t need to spend 4 hrs playing video games or leisurely shopping every weekend. By redirecting even a fraction of that time towards something that makes you money, you’ll be much farther ahead. 🔳Invest In Yourself Investing in yourself can mean a few different things from schooling to mentorship. After you’ve made a plan with the steps you need to take to complete your vision and become rich, assess whether you have any gaps in knowledge. If your vision is to start an online business but you don’t know the first thing about online business, then you’ll need to delve into that realm. While many things can be found for free, it often saves more time and energy to purchase training from an expert in the field. 🔳Don’t Look For Quick Fixes Get rich quick schemes are just that, schemes. If the money was quick to be earned, it’s also probably quick to be lost. Building generational wealth takes time and is more stable when done with a series of tried and true investments. Stay away from unproven startups and investment “opportunities” from your buddies if you’re serious about building wealth. Millionaires who started from nothing often found themselves with a passion and clear goal of what they hoped to accomplish. They focused solely on their goal and weren’t looking to take a shortcut. 🔳Invest Your Earnings Wisely Most millionaires invest in either real estate or the stock market, often both. Now before you start throwing your savings into either of these, it’s important to have a complete understanding of what you’re investing in. Meet with a financial professional or immerse yourself in literature about either of these. Your goal is to gain a complete understanding of the investment vehicle you’re leaning towards. If you don’t understand it, hold off on investing in it until you do. 🔳Always Keep Learning Self-made millionaires never stop learning. Having a true curiosity about life and a desire to learn is what made many millionaires successful. Don’t think this means you have to go to college. In fact, many self-made billionaires dropped out of college before finishing their degree. No matter what field you want to enter, learn everything you can about it. Follow the experts who have proven success and learn from their early mistakes. I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇
Education
by ProSignalsFx
12
Why Daily Time Frame Analysis Will Make You a Better Trader Most beginner traders often think that money is made in the short-term timeframes, so they go the way of intraday trading, believing that it will enable them to quickly grow their small trading accounts. They have this belief that the lower timeframe provides more trading opportunities that can allow them to make more money in the long run. Given, the daily timeframe offers fewer trading opportunities and may seem slow and non-exciting to most traders, but there in lie the benefits — it forces you to have patience, trade less often, and make better trading decisions. While the intraday timeframes offer more trade setups, most of them fail, making you lose more money. The benefits of using the daily timeframe: A better view of the market structure The daily timeframe helps you to have a broader perspective of the market so you can have a better view of the price structure and the stage of the market cycle. It gives you a bigger picture of the market — you can see the price action over a longer period. More significant support and resistance levels The price swing points on the daily timeframe are more significant than those on the lower timeframes, and you know why — more traders are watching the daily timeframe than any other timeframe. More reliable price action patterns One price bar on the daily timeframe represents all the transactions that took place on that trading day, including during news releases. So, it captures the entire day’s volume of orders, which is more significant — the lower timeframes that may even be too small to absorb all the others from a high-volume trader. Always start your analysis from a daily time frame. It is very insightful, and it will bring your trading to the next level. Hey traders, let me know what subject do you want to dive in in the next post?
OANDA:XAUUSDEducation
by TopTradingSignals
12
#BTCUSD What's next, rally or crash?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC technical analysis As we can see in the chart BTC is forming this bearish flag pattern as same as it was made before in October and September 2022. last time after the breakout of the bearish flag pattern, BTC drops 20% what do you expect guys this time? Comment your view in the comment section and stay tuned, I will keep updating BTC in the different time frames. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Short
by CRYPTOMOJO_TA
13
Learn to Read The Candlesticks Like Pro Candlesticks give you an instant snapshot of whether a market’s price movement was positive or negative, and to what degree. The timeframe represented in a candlestick can vary widely. Green candles show prices going up, so the open is at the bottom of the body and the close is at the top. Red candles show prices declining, so the open is at the top of the body and close is at the bottom. Each candle consists of the body and the wicks. The body of the candle tells you what the open and close prices were during the candle’s time frame. The lines stretching from the top and bottom of the body are the wicks. These represent the highest and lowest prices the asset hit during the trading frame. What do candlesticks tell us? Candlesticks can reveal much more than just price movement over time. Experienced traders look for patterns in order to gauge market sentiment and to make predictions about where the market might be headed next. Here are some of the kinds of things they’re looking for: A long wick on the bottom of a candle, for instance, might mean that traders are buying into an asset as prices fall, which may be a good indicator that the asset is on its way up. A long wick at the top of a candle, however, could suggest that traders are looking to take profits — signaling a large potential sell-off in the near future. If the body occupies almost all of the candle, with very short wicks (or no visible wicks) on either side, that might indicate a strongly bullish sentiment (on a green candle) or strongly bearish sentiment (on a red candle). Understanding what candlesticks might mean in the context of a particular asset or within certain market conditions is one element of a trading strategy called technical analysis — by which investors attempt to use past price movements to identify trends and potential future opportunities. Please, like this post and subscribe to our tradingview page!👍
OANDA:BTCUSDEducation
by EliteTradingSignals
5
What is the U.S. Dollar Index? The U.S. Dollar Index is a measure of the value of the U.S. dollar against six other foreign currencies. Just as a stock index measures the value of a basket of securities relative to one another, the U.S. Dollar Index expresses the value of the dollar in relation to a “basket” of currencies. As the dollar gains strength, the index goes up and vice versa. The strength of the dollar can be considered a temperature read of U.S. economic performance, especially regarding exports. The greater the number of exports, the higher the demand for U.S. dollars to purchase American goods. The index is a geometric weighted average of six foreign currencies. Since the economy of each country (or group of countries) is of different size, each weighting is different. The countries included and their weights are as follows: Euro (EUR): 57.6 percent Japanese Yen (JPY): 13.6 percent British Pound (GBP): 11.9 percent Canadian Dollar (CAD): 9.1 percent Swedish Krona (SEK): 4.2 percent Swiss Franc (CHF): 3.6 percent The index is calculated using the following formula: USDX = 50.14348112 × EURUSD^-0.576 × USDJPY^0.136 × GBPUSD^-0.119 × USDCAD^0.091 × USDSEK^0.042 × USDCHF^0.036 When the U.S. dollar is used as the base currency, as in the example above, the value is positive. When the U.S. dollar is the quoted currency, the value will be negative. We constantly monitor the performance of DXY because very often it gives us great trading opportunities. What do you want to learn in the next post?
OANDA:XAUUSDEducation
by UnitedSignals
10
#BTC IS ON SUPPORT, WHAT'S NEXT?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC UPDATE As per my last update, BTC is going down as we expected, it is currently trading around 16.5k local support. If BTC holds this support then we can expect some bounce but only in case, we get good some volume. let's see how the market reacts. In case of breakdown, we will continue the downwards really up to the 15.5k level. Stay tuned I will keep updating This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Short
by CRYPTOMOJO_TA
25
ETHEREUM, Massive Formation With Huge Breakout Potential!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #ETH update ETH is trading inside this descending channel for over a year and now we are making this reversal pattern falling wedge pattern. We need a breakout of 1350k level then we can open a long Stay tuned I will keep updating This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
2
ENGULFING CANDLE - Powerful Price Reversal Engulfing candlestick pattern is the most popular candlestick pattern. Engulfing candlestick is formed when it completely engulfs the previous candle. There are two types of engulfing candlestick patterns. Bullish Engulfing Pattern Bearish Engulfing Pattern For a perfect engulfing candlestick, no part of the first candle can exceed the shadow (or wick) of the second candle. This entails that the low and high of the second candle entirely covers the first. But the major emphasis is on the body of the candle. The bullish candle gives the best signal when it appears below a downtrend and shows a rise in buying pressure. The pattern mostly causes a reversal of a current trend. It’s due to more buyers entering the market and driving prices further up. The pattern involves two candles, with the second green candle completely engulfing the previous red candle with no regard to the length of the tail shadows. The bullish candlestick tells traders that buyers are in total control of the market, following a previous bearish run. It is often seen as a signal to buy and take advantage of the market reversal. A bearish engulfing chart pattern is a technical pattern that indicates lower prices to come. It consists of a high (green) candle followed by a large down (red) candle that engulfs the smaller up candle. The pattern is necessary because it signals that sellers have overtaken the buyers. These sellers are aggressively driving the price downwards, more than buyers can push up. A bearish pattern indicates that the market will soon enter a downtrend, following a past increase in prices. The pattern signals that the market has been taken over by bears and could push the prices even further down. It is often seen as a sign to enter a short position in the market.
OANDA:XAUUSDEducation
by TopTradingSignals
12
THE FOREX SUCCESS PYRAMID What is your recipe for success in trading? Developing traders often don’t understand, when you are asking to be a successful (or professional) trader, you are asking not just to build a pyramid, but to sit on top of it. What most forget is the base is the biggest part of the pyramid and the foundation for building higher levels. As the pyramid continues to grow higher, it gets a little more complicated, but you have a base (foundation) and structures in place to carry the stones up to the higher levels. But just like a pyramid, there are more stones at the base and this takes more time to build. Also like a pyramid, there are more traders at the base (not making money or breaking even) then there are at the top. However, with structures and rhythm in place, the fruits of your labor will result in a steady conditioning of your muscles (discipline, diligence and psychology). This will allow you to take on greater and greater heights, challenges and climb the pyramid of trading. Having forex trading discipline, diligence and psychology will give you a sense of confidence and a feeling of mastery over the process. This is the pyramid of trading and the attributes needed to climb to higher levels. While most traders spend time trying to find profitable trades, or the next great system, make sure you take time out to build the attributes which develop your trading muscles (discipline, diligence and psychology). By yourself this can be a very difficult task so it helps to create mechanisms in your life to build these habits. Please, like this post and subscribe to our tradingview page!👍
OANDA:BTCUSDEducation
by EliteTradingSignals
4
📊HOW TO CREATE A TRADING PLAN📊 📖What is a trading plan? A trading plan is a comprehensive decision-making tool for your trading activity. It helps you decide what, when and how much to trade. A trading plan should be your own, personal plan – you could use someone else’s plan as an outline but remember that someone else’s attitude towards risk and available capital could be vastly different to yours. 📚Why do you need a trading plan? You need a trading plan because it can help you make logical trading decisions and define the parameters of your ideal trade. A good trading plan will help you to avoid making emotional decisions in the heat of the moment. ✳️TRADING PLAN CREATION STEPS: 1️⃣Outline your motivation Figuring out your motivation for trading and the time you’re willing to commit is an important step in creating your trading plan. Ask yourself why you want to become a trader and then write down what you want to achieve from trading. 2️⃣Decide how much time you can commit to trading Work out how much time you can commit to your trading activities. Can you trade while you’re at work, or do you have to manage your trades early in the mornings or late at night? If you want to make a lot of trades a day, you’ll need more time. If you’re going long on assets that will mature over a significant period of time – and plan to use stops, limits and alerts to manage your risk – you may not need many hours a day. It's also important to spend enough time preparing yourself for trading, which includes education, practising your strategies and analysing the markets. 3️⃣Define your goals Any trading goal shouldn’t just be a simple statement, it should be specific, measurable, attainable, relevant and time-bound (SMART). For example, ‘I want to increase the value of my entire portfolio by 15% in the next 12 months’. This goal is SMART because the figures are specific, you can measure your success, it’s attainable, it’s about trading, and there’s a time-frame attached to it.You should also decide what type of trader you are. Your trading style should be based on your personality, your attitude to risk, as well as the amount of time you’re willing to commit to trading. 4️⃣Choose a risk-reward ratio Before you start trading, work out how much risk you're prepared to take on – both for individual trades and your trading strategy as a whole. Deciding your risk limit is very important. Market prices are always changing and even the safest financial instruments carry some degree of risk. Some new traders prefer to take on a lower risk to test the waters, while some take on more risk in the hopes of making larger profits – this is completely up to you. It is possible to lose more times than you win and still be consistently profitable. It's all down to risk vs reward. 5️⃣Decide how much capital you have for trading Look at how much money you can afford to dedicate to trading. You should never risk more than you can afford to lose. Trading involves plenty of risk, and you could end up losing all your trading capital (or more, if you are a professional trader). Do the maths before you start and make sure you can afford the maximum potential loss on every trade. If you don't have enough trading capital to start right now, practise trading on a demo account until you do. 6️⃣Start a trading diary For a trading plan to work it needs to be backed up by a trading diary. You should use your trading diary to document your trades as this can help you find out what’s working and what isn’t.You don’t only have to include the technical details, such as the entry and exit points of the trade, but also the rationale behind your trading decisions and emotions. If you deviate from your plan, write down why you did it and what the outcome was. The more detail in your diary, the better. I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
4