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xauusd analysis for 9/07/2024Last week our analyis on xauusd was perfect , we have predicted that if it cannot break the 2319-2312 zone then it will be bullish up to 2385. Targets hit 2337 ✅✅✅ 2347✅✅✅ 2362✅✅✅ 2385✅✅✅ our analyis for today: it will be a ranging market from 2353 to 2371 , so buy the dip and sell the high. ▶️ if 2370 is broken then the market will fly upwards to 2385 2393 2404 2421 in extension ▶️ if 2353 support is broken then the market will fall towards 2342 2333 2321 2311 2306 . we will make a detail analysis on fundamental technical and geopolitical scenarios. LIKE US BOOST US FOLLOW US SHARE US
OANDA:XAUUSD
by realmillionairefx
3
Liquidity is KEY to the MarketsIn this video I go through more about liquidity and why it is important. The markets move because of liquidity. Without liquidity, there is no trading. The larger the trader, the larger the liquidity required. Understanding the concept of liquidity and the fractal nature of price, trading becomes very interesting. A whole new world opens up to you and you no longer have to keep guessing where price is going. You no longer have to keep chasing candles. I hope you find this video insightful. - R2F
OANDA:XAUUSDEducation
by Road_2_Funded
1
Chart reset: drop down Gold analysis - WeeklySo I have hit a real brick wall. I have not hit it once, I have hit it over and over again and I need to reset and align myself to my strategy, edge and focus. What is the idea? Well I need to do some more drop down analysis to ensure I am focused and know where the market is going and which direction I am because without it, I am just gambling and I can't do that anymore. The strategy? Price action trading using confluence between the time frames and long term bias to set direction. Price structure is also considered as we need to know the strength of each push. RULES FOR ENGAGEMENT: - WEEKLY AND DAILY SET BIAS - ABOVE 200 BUYS (GREEN) BELOW 200 SELLS (RED) - 4HR MUST AGREE WITH HIGHER TIMEFRAME - BUY OR SELL WELL MARKET IS OVERSOLD OR OVERBOUGHT, AT SUPPORT/RESISTANCE AND MACD IS CROSSING - LOOK FOR DIVERGENCE ON RSI Further testing and changes to take place to ensure the changing of trend can be taken into consideration with both swing and intraday trades. (Examples to follow) ANALYSIS OF THE WEEKLY: - Price broke to the upside back in mid March solidifying the bullish trend. We should have seen this from previous price action when price was in a long term range and opportunities to buy at the bottom were present. - While price is continuing in this bull run, on the shorter time frames we have plenty of opportunities to enter long and compound (See following posts) - Price is now consolidating in a range. Action for a range? Buy at the bottom (support) and sell at the top (resistance) - wait for the breakout for further confirmation. What can we take from this chart? - Price is bullish and above the 200 MA which give us buying permissions. Onto the next chart.
OANDA:XAUUSD
by Youza
FULL ANALYSIS GUIDE - (Using ICT's Concepts)Hey guys, In this video I will show you my process for performing analysis. Yes, it takes some work, but generally once you get into the swing of it, it doesn't take long, and the higher timeframes only require analysis once in awhile. It allows me to have a higher win-rate and be more on side with how the market is predisposed to move. Whilst it is not required in order to be profitable, my personality and system requires me to make more frequent wins. I hope you find this video insightful. - R2F
by Road_2_Funded
10
xauusd analysis for the day 1/07/2024xauusd is following a neutral pattern for the day before European market opening. we will provide major support and resistance for the recent market scenario. a further update will be given based on market momentum changes, right now xauusd is following a ranging market. Support 2321 2314 2306 2297 2288 2282 Resistance 2332 2337 2347 2362 2378 2396 these support and resistance can be used as bullish and bearish targets for your trades, PLEASE BOOST US LIKE AND SHARE US SO THAT WE WILL BE MOTIVATED TO GIVE MORE UPDATES.
OANDA:XAUUSD
by realmillionairefx
The Wisdom of Pro Traders vs. Newbie Naivety Hey traders, In this article, we will discuss the perception of trading by individuals . We will compare the vision of a professional trader and a beginner - trading vs gambling. Most of the people perceive trading performance incorrectly. There is a common fallacy among them that win rate is the only true indicator of the efficiency of a trading strategy. Moreover, newbies are searching for a strategy producing close to 100% accuracy. Such a mindset determines their expectations. Especially it feels, when I share a wrong forecast in my telegram channel. It immediately triggers resentment and negative reactions. Talking to these people personally and asking them about the reasons of their indignation, the common answer is: "If you are a pro, you can not be wrong". The truth is that the reality is absolutely different. Opening any position or making a forecast, a pro trader always realizes that there is no guarantee that the market will act as predicted. Pro trader admits that he deals with probabilities , and he is ready to take losses . He realizes that he may have negative trading days, even weeks and months, but at the end of the day his overall performance will be positive. Remember, that your success in trading is determined by your expectations and perception. Admit the reality of trading, set correct goals, and you will take losses more easily. I wish you luck and courage on a battlefield.
OANDA:XAUUSDEducation
by VasilyTrader
3
Trade Like A Sniper - Episode 24 - USOIL - (7th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing USOIL, starting from the 6-Month chart. If you want to learn more, check out my other videos on TradingView or on YT. If you are interested in private coaching, feel free to get in touch via one of my socials.
FX:USOIL
by Road_2_Funded
The Famous Monkey Story in Every Markets!The Famous Monkey Story in Every Market! Once upon a time, a rich man from the city arrived in a village. He announced to the villagers that he would buy monkeys for $100 each. The villagers were thrilled, as there were hundreds of monkeys in a nearby forest. They caught the monkeys and brought them to the rich man, who paid $100 for every monkey they gave him. The villagers began making a living by capturing monkeys from the forest and selling them to the rich man. Soon, the forest began to run out of monkeys that were easy to catch. Sensing this, the rich man offered $200 for each monkey. The villagers were ecstatic. They went back to the forest, set up traps, caught more monkeys, and brought them to the rich man. A few days later, the rich man announced he would pay $300 per monkey. The villagers started climbing trees and risking their lives to catch monkeys and bring them to the rich man, who bought them all. Eventually, there were no monkeys left in the forest. One day, the rich man announced he would like to buy more monkeys, this time for $800 each. The villagers couldn’t believe their luck. They desperately tried to catch more monkeys. Meanwhile, the rich man said he had to return to the city for some business. Until he returned, his manager would handle transactions on his behalf. Once the rich man left, the villagers were unhappy. They had been making quick and easy money from selling monkeys, but now the forest had no monkeys left. This is when the manager of the rich man stepped in. He made an offer the villagers could not refuse. Pointing to all the caged monkeys, he told the villagers he would sell them for $400 each. They could sell them back to the rich man for $800 each when he returned. The villagers were over the moon. Buy for $400 and sell for $800 in a few days—they had found the easiest way to double their money. They collected all their savings and even borrowed money. There were long queues, and within a few hours, almost all the monkeys were sold out. Unfortunately, their happiness did not last long. The manager went missing the next day, and the rich man never returned. Many villagers kept the monkeys, hoping the rich man would come back. But soon, they lost hope and had to release the monkeys back into the forest, as feeding and caring for the noisy monkeys became extremely difficult. This is exactly what happens when you buy low-quality companies in the stock market. There will be a low-priced stock that no one is interested in buying. A few rich men will suddenly start buying it. The stock price will rise because there are suddenly many buyers and very few sellers—a classic case of huge demand and no supply, like the monkeys in the forest. The stock gets plenty of coverage on business channels and newspapers. These rich men will also use tricks like sending out bulk SMS messages, asking people to buy the shares for huge returns, and giving free tips. New and inexperienced investors, hoping to double or triple their investment, get lured in. Finally, the big players who bought the stock early when no one wanted it sell it back to inexperienced investors at high prices. Don’t be greedy—there is no quick money in the stock market or in life. It takes time and effort to become wealthy, and there are no shortcuts. Hit that like button if you like the story. Follow my profile for more content.
Education
by CRYPTOMOJO_TA
12
The ONLY Strategy You Need to Identify The Market Trend In this article, we will discuss a proven price action based way to identify the market trend . ❗️And let me note, before we start, that no matter what strategy do you use in your trading, you should always know where the market is going and what is the current trend . Your judgement should be based on strict and objective rules that proved its accuracy. There are a lot of ways to identify the market trend. One of the simplest and efficient ones is price action based method . This method relies on impulse legs . The market never goes just straight up or down, the price action always has a zigzag shape with a set of impulses and retracements. The impulse leg is a strong directional movement , while the retracement is the correctional movement within the boundaries of the impulse. UPTREND 📈The market is trading in a bullish trend if 3 conditions are met: 1️⃣the price forms an initial bullish impulse , 2️⃣ retraces , setting a higher low , 3️⃣then starts growing again and sets a new high with the second bullish impulse . Once these 3 conditions are met, we consider the market to be bullish, and we expect a bullish continuation in such a manner. Take a look at a price action on USDCAD. According to the trend-analysis rules, the pair is trading in a bullish trend. DOWNTREND 📉The market is trading in a bearish trend if 3 following conditions are met: 1️⃣the price forms an initial bearish impulse , 2️⃣ retraces , setting a lower high , 3️⃣then drops lower and sets a new low with the second bearish impulse . Once these 3 conditions are met, we consider the market to be bearish, and we expect a bearish trend continuation. According to the rules, NZDUSD is trading in a bearish trend on the chart above. CONSOLIDATION ➖The third state of the market is called consolidation . The market is trading in a consolidation if the conditions for bullish or bearish trend are not met . The price chaotically forms bullish and bearish impulses, usually trading within the range . Above is the example of a sideways, consolidating market, where the price sets equal or almost equal highs and lows and conditions for bullish/bearish trend are not met. Knowing the current trend, one always knows whether a current trading position is trend-following or counter trend, or it is a sideways consolidation trade. Learn these simple rules and try to identify the market trend with them.
OANDA:XAUUSDEducation
by VasilyTrader
1
Order typesIn the past, a person would typically have to go to the brokerage or another financial entity to buy or sell a security. The trade would be then settled through a personal meeting or, as technology progressed, over the phone. Nonetheless, the implementation of modern technology within the financial markets of the 21st century made placing buy and sell orders as easy as a few mouse button clicks. Nowadays, many trading platforms allow their clients to execute various types of orders beyond ordinary buy and sell orders. Key takeaways: Using limit orders is generally considered one of the safest ways to buy or sell a security. Modern technology allows placing buy and sell orders with a few mouse clicks. A stop-loss and stop-limit orders are used to protect an investor’s capital. A trailing stop locks in some of the accrued profits. Quick trade orders get instantly filled by a single or double click on a bid or ask button. Limit order A buy limit order is used to buy a security at a specified price. This type of order is executed automatically in a case when the price of a security is lower than the value of the buy limit order. A sell limit order is used to sell a security at a specified price. It gets automatically filled when the price of a security is higher than the value of the sell limit order. This design occasionally allows for the execution of the buy limit order or the sell limit order at a better price. Generally, limit orders are one of the safest ways to purchase or sell a security. Quick-trade order Some trading platforms allow the use of quick-trade orders. A quick-trade order is a type of order that is instantly filled by a single or double click on a bid or ask button in a trading platform. These orders are relatively safe to use. However, filling this type of order in highly volatile markets might be difficult due to a quickly changing price. Market order When traders choose to use a market order, they let the market set the price of security. In essence, this means that for a buy market order, a trade execution occurs at the nearest ask. For a sell market order, a trade execution takes place at the nearest bid. The use of the market order is less safe in comparison to limit order because it allows for worse filling of orders in illiquid markets and markets dominated by algorithmic trading. However, some platforms offer their clients the option to choose the tolerance threshold for such trade orders. Good ‘Til Canceled order (GTC) This type of order remains active until it is filled or canceled. Stop-loss and stop-limit orders A stop-loss order sells a position at a market price if it reaches or passes a specified price. Unlike a stop-loss order, a stop-limit order liquidates a position only at a specified or better price. These types of orders are used to protect investor’s capital before depreciation. Trailing stop order A trailing stop order trails the price as it moves in the trader’s favor. For a long position, a trailing stop moves higher with the price but stays unchanged when the price falls. Similarly, for a short position, a trailing stop moves lower with the price but remains unchanged when the price rises. The intent of a trailing stop is to lock in some of the accrued profits. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
COINBASE:ETHUSDEducation
by Tradersweekly
2
From Beginner to Pro - The Evolution of a Trader 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 the obtained knowledge are completely enough to start trading, they quickly face the tough reality. -no trading plan Having just basic knowledge, of course, they do not have a trading plan. Why the hell to have it if everything is so simple?! All their actions on the market is just gambling. They open the positions randomly most of the time, simply relying on intuition. -poor risk management In 99% percent of the time, the unprofitable trader does not even think about risk management. The position sizing, stop placement and target selection are completely neglected. Trading performance of the unprofitable traders is characterized by small wins and substantial losses and negatively trending equity. Stage 2 - Boom and bust trader 😶 Usually, traders reach boom and bust stage after 1-2 years of unprofitable trading. At some moment, winning trades start to compensate losing trades, brining non-trending equity. Such traders have very common traits: -not polished trading plan Being unprofitable for so long, traders start to realize the significance of a trading plan. Sticking to the set of rules, they notice positive changes in their trading performance. However, trading plan requires to be polished and modified. It takes many years for a trader to identify all its drawbacks before it starts bringing net profits. -lack of confidence When one starts following a trading system, confidence plays a substantial role. The fact is that even the best trading strategy in the world occasionally produces negative results. In order to not give up and keep following such a system, one needs to build trust in that. The confidence that after a series of losing trades, the strategy will manage to recover. Such a trust can be built after many years of trading that strategy. Stage 3 - Profitable trader ☺️ That is the final destination. After many years of a struggling trading, one finally sees positively-trending equity. Winning trades start to outperform losing ones, leading to consistent account growth. Profitable trader is characterized by iron discipline, confidence and consistency. He knows what he is trading, when and why. His trading plan is polished, he fully controls his emotions. He never stops learning and constantly develops his strategy. Knowing the 3 stages of the evolution of a trader, one can easily identify at what stage he currently is. That will help to identify the things to be focused on to move to the next stage. At what stages are you at the moment?
OANDA:XAUUSDEducation
by VasilyTrader
4
TYPES OF MARKET ANALYSIS1) Fundamental analysis. fundamental analysis focus mainly on micro and macro event that will control market situations in the present and in the future. it includes various events in economic calendar like PPI CPI NonFarm Payroll, Interest rate decisions, and geopolitical senarios like election war climate issues etc 2) Technical analysis. Technical analysis mainly focus on indicators chart analysis volume analysis, various analysis like following candle stick pattern, trading strategies based on indicators 3) Market sentiments Market sentiments focus mainly on how the crowd anticipate wheich direction will market go, like when xauusd reached at its all time top everyone believed it will have a retracement from that zone like share and follow us for more such informative contents
Education
by realmillionairefx
How Many Monitors Do YOU Need? - R2F's Professional OpinionHi everyone, I get this question occasionally, so I figured I would share my opinion on the matter. There are many misconceptions about trading or being a professional trader. One of them is, the more monitors you have, the more successful or advanced you are as a trader. That is complete nonsense. In this video I explain what I think the best number of monitors is to have, and hopefully give you some insight into what works for you. At the end of the day, trading is a personal endeavor and not a one-size-fits-all. Always start with the least, and scale from there, which is the same way you should approach the growth of your trading wealth. - R2F
Education
by Road_2_Funded
2
The 3-Step Method For High-Quality AnalysisIn this video I give you the 3-step method I use to do my analysis. By incorporating these steps, it is also how I do my top-down analysis. You can think of it as a checklist as well. First, I have my Bias, which determines where I believe price is drawn to. For example in the case of SMC/ICT Concepts, we observe where the liquidity is in the market and use that to frame where price is likely going to go to sooner or later. Secondly, I have my Narrative, which is on a lower timeframe, and paints the picture of HOW price is going to form in order to initiate the move to that price target. This usually includes more engineered liquidity on lower timeframes, and manipulation to happen. Thirdly, I have my Confirmation, which is where I want to enter a trade. This is the lowest of the three timeframes, and is the final point in which I will frame a trade setup. Usually I will look for the exact same things I look for in my Bias and Narrative, but on this timeframe. I also tend to include the factor of time, such as Killzones, Seasonality, and News Drivers. Note that the timeframes can be anything you want them to be, and you are not restricted from moving from timeframe to timeframe. But, the important thing is to be consistent with WHERE you believe price is going, HOW you think it may get there (this can change as price forms), and again WHERE you are going to enter a trade. - R2F
Education
by Road_2_Funded
When Are You READY to Trade with REAL MONEY?Hello hello, R2F here with another discussion. Today, I'd like to go over the question, 'when do you know you are ready to trade with real money?' Too many traders rush into trading with real capital before they are ready, and end up losing more money than neccessary on learning journey. People are generally impatient creatures and want to get into actions as soon as possible. Perhaps they want to find out if they are magically a trading savant before wasting time on all the usual work that is required. However, trading is extremely simple, albeit not easy. The difficult part comes in the form of the investment of time and experience, and refining yourself as a person. Once you had that in the bag, trading offers the potential for generational wealth that comes with the freedom of time. Without further ado, I share my thoughts on how to approach this burning question. - R2F
Education
by Road_2_Funded
39
How to Start Forex Trading. Step-by-Step Learning Plan 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 identification Learn to identify the direction of the trend. Master the recognition of a bullish trend, bearish trend and sideways market. ✔️Week 2 - Practice support and resistance. Learn to identify key levels. Master support & resistance recognition. ✔️Week 3 - Learn candlestick patterns. Study classic candlestick formations and practice their recognition. ✔️Week 4 - Learn price action patterns. Study classic price action patterns: trend-following patterns, reversal patterns and consolidation pattern and learn to recognize them. By the end of the first month, you will mature the basics of candlestick chart analysis. ✔️Week 5 - Practice supply and demand zones. Learn to identify supply and demand zones. Learn to combine candlestick analysis with support and resistance to identify the potential reversal zones. ✔️Week 6 - Practice multiple time frame analysis. Master top-down analysis. Learn to apply all the techniques studied previously on multiple time frames. ✔️Week 7 - Learn different entry strategies. With all the knowledge being obtained, you can practice different entry techniques. You can try trading candlesticks patterns or price action patterns, or simply key levels. Search what works for you. ✔️Week 8 - Learn risk management. Of course, entry strategies are not enough for profitable trading. Learn how to set stop loss and how to manage your risks properly. By the end of the second month, you will have a foundation for a strategy building. ✔️Week 9 - Practice trade management. Knowing how to enter the trade and how to manage the risks, the next step is to learn how to manage the active position (stop loss trailing, position protection, manual closing, etc.) ✔️Week 10 - Create a trading plan. Combine all the knowledge that you gained in a structured trading plan. ✔️Week 11 - Follow the strategy. Be disciplined and follow your rules. Test them and learn to be consistent. ✔️Week 12 - Review your plan. Following your strategy, you will inevitably find its flaws. Learn to constantly improve it. By the end of the third month, you will have a complete rule-based trading strategy. Of course, that won't be a perfect strategy, but you will have broad knowledge in technical analysis. The next 3 months alone should be sacrificed on polishing and improvement of your trading plan. Try this intensive, traders. I strongly believe that you will see a dramatic improvement in your trading upon its completion.
OANDA:XAUUSDEducation
by VasilyTrader
1
Using Fibonacci & FPT To Identify Trends/Entries/ReversalsLearn how powerful Fibonacci Retracements and Fibonacci Price Theory are when adequately deployed. It can tell where and when to target entries, trends, risks, and reversals. Anyone can do this when they learn to efficiently manage the ranges and use Fibonacci tools in Trading View. It's time you took a few minutes to learn the PRICE is the ultimate indicator. You don't need to use dozens of other indicators (unless you want to add to the core Fibonacci techniques). Watch this video, then follow my research/videos.
DJ:DJIEducation
by BradMatheny
Delusions of Grandeur - Breaking Your Trading ModelIn this video I would like to talk about a mistake many beginners as well as intermediate traders make, which is having a potentially profitable trading model, and pushing it to the point it stops working. I will discuss WHY it happens, WHY it never works, and WHY you should avoid this blunder. Your trading model is the strategy that you use to trade with. It can include how you determine your entries, stoplosses, and targets, as well as how you manage risk. The only way to know if a trading model works, and how well it works if it even does at all, is through backtesting and forwardtesting. The more data you collect, the more insight into the model you will have. The main thing I want you to keep in mind is that a trading model’s efficacy relies on collected data, and this data must be consistent. It’s the same as any other industry that does research on their market or products. So, why do so many traders push a model until it stops yielding them profit? I would say the first reason is impatience. Humans are impatient, especially nowadays in this of social media and technology. Some traders won’t spend the time doing all the necessary testing required. They want to start making money as quick as possible, but little do they know they end up losing their account as quick as possible. Secondly, it takes time for your setups to appear in the market. People have this naturally preconceived notion that you need to be doing something in order to be working and making money. This is the complete opposite in trading, which goes against our programming. So what ends up happening is traders being less stringent with their model’s criteria just so they can trade more often. Next is greed. Generally speaking, the safest way to survive as a trader in the long run is through compound interest. Risking small, and letting the math do the work. But that’s not very sexy. Many traders go against their logical risk rules in order to potentially make more money, or more likely, lose more money, or all of it. Boredom is a factor as well. Seeking excitement from trading is a one-way ticket to blowing your account. You’ll never make it as a trader if you think like that. All good systems are rarely thrilling. It is perfectly fine to be in love with trading, but it should not get your heart racing. It all comes down to being disciplined. Doing the work, putting in the time, and following the trading model you have either adopted or created yourself. It absolutely doesn’t matter if you have losing trades. It absolutely doesn’t matter if your trade setup appears only once or twice a month. Those are not hindering you from becoming very wealthy in due time. But, running around jumping from strategy to strategy, not sticking to a model’s rules, those things will ensure that you never make it as a trader. It is as simple as that. I know, it is not easy for many of you. It wasn’t easy for me as well. I am naturally face-paced. So, one piece of advice I have is cultivate organized baby steps. What does that mean? Clearly plan what you want to achieve, and then start with frequent tiny goals that you have no reason to not accomplish. For example, you want to collect data for 500 backtested trades. Start with the goal of backtesting 1 trade per day for a week. The important part here is not only making sure you do that 1 trade backtest, but making sure you ONLY do 1. If you are in the “mood” to do more, DON’T. What would it demonstrate if your decisions are based on your mood? What will happen when you are in the mood to do none? If you say 1 trade, stick to 1 trade. After a week, you can stick with 1 or scale up to 2 backtested trades per day for a week if you are ready, or perhaps a month, it’s up to you. This is just an example. You can apply this method to anything. Basically, you want to condition yourself to be consistent and disciplined. You want to show yourself that YOU are the boss of your life. YOU consciously decide what happens, not your emotions. The only way to do that is to grow that muscle bit by bit. Don’t let anyone tell you otherwise. - R2F
FX:XAUUSD
by Road_2_Funded
Let’s Compare INVESTING, TRADING and GAMBLING 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 them. Professional investing also involves assets allocation and diversification aimed to hedge potential risks. 💱 Trading Trading is the process of selling and buying financial instruments expecting a short-term (occasionally, mid-term) profit. The trading decisions are usually based on technical and fundamentals analysis. The goal of a trader is to predict local price fluctuations and catch them. Professional trading implies strict, rule-based actions following a trading plan. 🎰 Gambling Gambling is the act of betting on a specific event with the expectations of winning some value. Being completely luck-based, gambling usually involves get rich quick schemes and pursuit of easy money. What differs professional trading and investing from gambling is the fact that professional trading / investing involves objective analysis and strict planning, while gambling remains purely intuition based. Unfortunately, most of the market participants pretend that they trade and invest professionally while acting as gamblers in fact. Remember that long-term, consistent profits can be achieved only with the plan. Your intuition may bring some short-term profits, but in a long-run it will most likely lead you to a bankruptcy.
OANDA:XAUUSDEducation
by VasilyTrader
4
What does it take to be a SUCCESSFUL TRADER?Hi everyone, I felt compelled to create this short video on what I think it takes to be a successful trader. I've separated it into 4 factors: 1. Passion 2. Discipline 3. Perseverance 4. Patience From my experience, these are the core things that you need to keep going until you find successful. Strategies should be the LEAST of your concern. I always say that to be a successful trader, you have to BE that person! You have to transform the person you are now into the person you vision yourself being. If you can do that, you got it baby. - R2F
Education
by Road_2_Funded