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You want to Learn about Crypto and Forex from Beginning to advanced then this Thread is for you …
i just to inform you guys that this thread for updates of regular crypto market based on Technical and fundamentals analysis.
i will update 2 to 3 Times in a day in this thread about Market Moving trend , any fud news , any manipulation happening and will share technical analysis too
You have any Questions about crypto then free feel to ask down below Down arrow
P.S :- Most importantly i will Keep Post 5 to 10 education content too in this thread so that newbies (Basic to Advanced step by step)
Forex is foreign exhange market. It is also known as spot market.
How much transcation in Forex Market per day?
It is over trillions USD transactions per day.
Where is Forex Trading based at?
No specific places or HQ for buying and selling currency. It is tradable for buying/selling in various types of platforms as an example MetaTrader4 & MetaTrader5. You guys can download this platform in playstore or googlestore in your phone.
Types of currency in Forex?
Usd - Us dollar
Gbp - Pound Sterling
Eur - Euro
Chf - Swiss Franc
Nzd - New Zealand Dollar
Aud - Australiam Dollar
Jpy- Japanese Yen
Cad - Canadian Dollar
Crypto Currency
Btc - Bitcoin
Ltc - Litecoin
Xrp - Ripple
Eth - Ethereum
For newbie Xauusd is a GOLD
What’s the difference between Forex and Stock Market Trading?
Forex Trading :
Tradable in two ways(Buy/Sell)
Tradable at anytime
Stock Trading :
Limited Buy/sell
Tradable in one way(only buy)
i will keep posting From basis to advanced about crypto and Forex. keep learning from my thread
There are two market movements which are BULLISH AND BEARISH
BULLISH means that the market is moving upwards or the common term is UPTREND. In BULLISH market trader will look for buy at lower prices and sell at higher prices to get profits.
Positions for BULLISH market is BUY
BEARISH means that the market is moving downwards the common term is DOWNTREND. In BEARISH markets trader will look for sell at higher prices and close at lower prices to get profits.
1.Ok this layer technique is called Martingle Layer. This is the best entry to manage the risk.
2.First you must know your EQUITY and what a suitable lot to use. Let say you 100 usd and i choose 0.10 lot sizing because its in mid risk.
3.When you get the signal and want entry you must remember thats your total sizing lot it 0.10 ! So first entry we must use the smallest lot from 0.10 for example 0.01 or 0.02
4.If the floating price is negative 10pips from first entry, you add another layer and increase a little from first enty. thats mean for the second entry is 0.02 or 0.03
5.When the floating price still increase like 20pips from first entry, add another position to suffice our lot sizing 0.10 by inserting the last layer with a lot thats bigger than second layer which is 0.05 or 0.07
MAXIMUM only two layers to avoid over layering!
Once your first entry already profit, you can close and hold the layer with breakeven!
8.So lets say if we hit SL, our loss is very small compared than we entry 0.10 in every entry.
Lets say if you guys choose to use 0.10 at all the position and hit SL? While we can reduce the loss why we take the risk?
But you guys must remember, Highrisk Highreturn .
For newbies, keep consistant your lot size and keep growing your account. Trust the process.
Set your target, make sure it’s realistic . It means, set a suitable target amount from your total deposit.
EXAMPLE :
Lets say you make a deposit of 100usd. Set your daily target for only 10usd. Please be realistic. Forex trading is already HIGH RISK. Dont think to grow fast. With this kind of mindset, when you deposit 100usd you want to grow it 1000usd in a single day. It is possible but it is very highrisk, it is such an unnecessary risk to take.
So make sure your targets are achievable and in the same time it’s worth your investment.
Step by step.
100usd daily target is 10usd. Weekly target is 50usd/100usd. So when you reach your target, stop your trade and enjoy life! Spend your time with your family.
Please be realistic. If you make a deposit for 10,000 then your daily target is 100 usd. Weekly target is 500usd.
Mind that forex trading has a very fast high return rate. But it is highrisk. So one of the rules to be successful in trading is to manage your risks properly.
In this trading industry, you will always have to mind yourselves. Never be in a hurry to make more profits, Then if you lose you’ll always want to put blame on others when in fact you were wrong. NO AND NEVER! Eliminate that forex trading is a get rich fast scheme mindset! Make it as a long term investment , slow and steady that’s the best!
Consistency has always been the key and trust the process
Generally in this trading industry there are two types of trader
Fundamental analysis trader
Technical analysis trader
Fundamental analysis trader
Fundmental analysis trader (FA) is a trader that takes market prediction using important news or common news that involves economy, geopolitics or a country’s currency policy.
FA will look up and study the data(s) from any country and make a judgement on what will make a big/small impact on a country’s currency.
Technical analysis trader
Meanwhile Technical analysis trader is a trader that takes market prediction using chart analysis. As an example they will use price action or any indicators such as supply and demand(snd), support becomes resistance(snr), trendline(tl), moving average(ema), relative strenght index(rsi) etc to make an analysis.
TA will only make a chart based analysis using price action, candlestick pattern(cs) or with the help of any indicators that are provided in our platform (MT4/MT5/etc)
There are three types of traders among technical analysis trader(TA). These respective traders will have a different target and different ways to approach the market :-
These traders typically are the ones that are more experienced because taking a swing position is not an easy thing to do.
To perform swing positions, traders must have a very high patience tolerance to wait for the most perfect setup and the most worth it. These traders will hold their positions from a span of one day to a month. Some even in a year.
These are among of the Chart Patterns that usually can be seen in Markets. Its pretty easy to trade if you guys take a look closely and see the chart patterns one by one.
All of these are very common to happen before the markets start to move fast. These chart patterns can be concluded as an early signs of market reversal
I will explain thats usually pattern we used to trade. stay tune
To place TP, SL & BE points.
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