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Which is of greater significance and simplicity for you: a High Risk-Reward Ratio (RR) or a High Win Rate?

saifalhilali
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What have you learned from your trading experience?

Nguyễn Thành Lợi
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How Long Till I Become Consistently Profitable?

Chandan Gupta
In reality, I have no idea, and no other mentor/trainer does either. Why? Becoming consistently profitable depends upon the following; a) how much time you can dedicate to this b) your experience/skill level c) how fast you will digest it d) your psychological and emotional disposition (trading mindset) e) how disciplined you are in following the rules f) how the market will be in the future There is probably more, but based on all this, how can I give you a specific answer? Now, I’ve had students do this in a couple months. Some took six months, others took a year or more. In all honesty, there is no way for me to know or answer this specifically. Insight: For some reason, when people approach trading, they seem to have a general myopia about the learning process. Imagine walking into a martial arts school and asking, ‘how long till I become a black belt?‘ Or a beginner walking into an archery school asking the head teacher ‘how long before I can consistently hit the bullseye?‘ Would you really walk into any of these schools and ask these same questions? Does any of the above scenarios make sense to you? I’m guessing not, so ask yourself why you feel trading is different? I understand why you are asking this question – I really do! But this is not the question you should be asking. What you should be asking is the following question: “What are the skills I need to become a consistently profitable trader” This same type of question can be asked in any of the above scenarios and would be totally appropriate to ask. In fact, they would actually speed up the learning process for you if you approached your training this way. Food for thought.
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which one you prefer, forex or crypto? and why?

Vincent Norris
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Which one do you use to read the market.. using candlestick or linechart? Drop your reason also

Rebecca Bray
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Hello guys What is the best trading strategy? Are you in favor of automated play or not?

saifalhilali
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Why Do You Think 90% Of The Traders Fail?

Umair bin Aayid
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I will be working on uploading a full course on the financial markets. Are you excited about that?

oMx6338866
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How To Identify Trend Reversals (The Essential Guide)

Chandan Gupta
How to identify trend reversal — identify weakness in the trending move First, let me define what a trending move is… A trending move is the “stronger” leg of a trend and it trades in the same direction of it (that’s why I call it trending move). The trending move (in a healthy uptrend) usually has more bullish than bearish candles; the bullish candles are relatively larger than the bearish ones, and the bullish candles closing near the highs However: When the bullish candles are getting smaller, it’s telling you the buying pressure is getting weak, or there is equal selling pressure coming in. Now, this doesn’t guarantee the market will collapse lower. But it’s a tell-tale sign the buyers are getting weak and may need a “pause” before staging another move higher. Next, you’ll learn about the retracement move… Identify strength in the retracement move A retracement move is the opposite of the trending move. It’s the “weaker” leg of a trend and it trades against the direction of it (that’s why I call it retracement move). The retracement move (in a healthy uptrend) usually has more bearish than bullish candles; the bearish candles are relatively small, and it usually closes near the middle or lows of the range. However: When the bearish candles are getting larger, it’s telling you the selling pressure is getting stronger as the buyers are unwilling to buy at higher prices. Again, this doesn’t guarantee the market will reverse from here. But it’s another sign the buyers are getting weak. How to identify trend reversal — a break of Support/ Resistance area As a trend matures, it will move into a distribution stage where both buyers and sellers are in equilibrium (thus looking like a range market). At this point, it’s clear the area of Support is an important level as it’s the last line of defense for the buyers. If it breaks, it’s pretty much game over for the bulls. Here’s what I mean: Based on my experience, the more times Support is tested within a short period of time, the greater likelihood it’ll break.
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Topic: Prospect Theory and how it relates to trading? 7/01/2024

jayforexhouse
• What is Prospect Theory in trading. Prospect theory is a behavioral economics concept that explains how people make decisions under uncertainty. It suggests that individuals evaluate potential outcomes relative to a reference point and are more sensitive to losses than gains. In trading, this can influence traders to hold onto losing trades in the hope of avoiding a perceived loss, while being quicker to close winning trades to secure gains and avoid potential losses. The theory highlights the way individuals weigh risks and rewards, impacting their decision-making in financial markets. In the early 1970s, prospect theory had not yet been formally introduced. It was developed later by psychologists Daniel Kahneman and Amos Tversky in the late 1970s. However, behavioral aspects of decision-making were recognized even then, and some early studies hinted at the human tendency to evaluate gains and losses differently. Traders from that era may not have explicitly referred to prospect theory, but behavioral biases likely influenced their emotional decisions, prospect theory was still relevant in explaining how traders make decisions. Back then, it was widely recognized that individuals tend to be more risk-averse when facing potential losses and more risk-seeking when facing potential gains. In other words why you close trades early when your winning to secure profit and why you close little losses to avoid big losses is a THING. And for long now traders have known about this and fought it to be successful in trading. Fastest way to beat this is to be aware of it to actually avoid doing it. The rate of which traders don't know about this today only shows how much of a direction | Content and nonsense been thought in the name of trading guru's and mentors. Subscribe us for More insightful educational post. #JayForexHouse
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What is the difference between Forex trading and Options trading ?

Chandan Gupta
Foreign exchange trading, also known as forex or FX, is a global marketplace where participants trade national currencies. Options trading allows participants to benefit from asset movements by trading puts and calls with less cash outlay than required to buy the underlying asset. Both markets are characterized by the use of leverage with many other similarities as well as differences, and traders often engage in both markets. Options are financial contracts that give the holder the right but not the obligation to buy or sell an underlying asset at a predetermined price and time, while creating a potential obligation for the option seller to buy or sell the underlying asset (if and when the buyer exercises the option contract). Calls and puts are the two option types. Calls are the right to purchase an underlying asset while puts are the right to sell an underlying asset. Options can be found on stocks, exchange-traded funds (ETFs), and on futures. With options trading vs. forex, an important distinction is that the options market is a derivatives market. Forex trading is the buying and selling of national currencies in a 24-hour market. In general, the forex market is considered the most liquid market in the world. While many currency pairs feature strong liquidity, there are still some that do not have a lot of buyers and sellers. Trading forex vs. options often involves higher leverage and volatility risks. When looking at forex vs. options, forex often offers more leverage. That means brokers allow you to trade with more capital than you have deposited in your account. With leverage comes the potential for massive gains, but also the risk of steep losses. Brokers want to keep your risk in check, though. They often do that by requiring forex traders to enter stop-loss orders immediately once they take a position. Another aspect that can make brokers nervous is volatility. The forex trading market can feature periods of relative calm followed by explosive volatility. When volatility strikes, currency pairs can become less liquid, leading to difficulties when attempting to exit trades. Forex options can be used to profit from volatility, however.
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Where do you see yourself in five years, from a FOREX TRADER standpoint?

Chandan Gupta
It is very individual but from my experience and what I have seen during these years on the FX market, I can tell the following. Stay updated with the latest market news: Keeping up-to-date with the latest economic news and events is essential to making informed trading decisions. Stay on top of breaking news and announcements that can impact the Forex market. Use multiple time frames: Analyzing multiple time frames can help you identify trends and potential trading opportunities. Combining shorter-term and longer-term analyses can provide a more comprehensive view of the market. Develop a trading system: Develop a robust and well-defined trading system that incorporates risk management strategies and proven technical analysis techniques. Learn from your mistakes: Mistakes and losses are a natural part of Forex trading. However, successful traders learn from their mistakes and adjust their strategies accordingly. Keep a trading journal to analyze your mistakes and avoid repeating them in the future. Experiment with different strategies: As a seasoned trader, you may have developed a trading style that works for you. However, it is always good to experiment with different strategies to see what works best in different market conditions. Consider using automation: Automation can be a useful tool for you, allowing you to execute trades automatically based on predetermined criteria. Consider using automated trading systems to reduce emotional decision-making and increase efficiency. Mentor other traders: Sharing your knowledge and experience with others can be a rewarding way to develop your skills further. Consider mentoring other traders and contributing to the Forex trading community. From years of experience, I also learnt that changing trading goals can also encourage you to keep trading and not loose profitable possibilities.
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IS THE MONTH OF DECEMBER GOOD FOR FOREX TRADING OR NOT ?

Chandan Gupta
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Who wants to see the Bitcoin Live scalping trades ?

Dhaakir bin Sabri
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What strategy do scalpers use?

Chandan Gupta
There are many scalping strategies. One strategy is known as marking making. With this strategy, the trader aims to capitalize on the bid-ask spread by putting out a bid and making an offer for the same stock at the same time. This strategy is best employed with stocks that are not showing any real-time price changes. Another strategy entails buying a large number of shares and then selling them for a profit with a tiny price movement. For example, a trader might enter a position for thousands of shares and wait for a tiny price movement to occur. This movement can be as little as a few cents. A third strategy resembles a traditional day trading strategy. A trader enters an amount of shares on a system signal or setup and exits the position as soon as a signal is generated near the risk/reward ratio of 1:1. At this point, the profit equals the size of the scalper's stop. For example, if a trader enters a position at $20 with a stop at $19.90, the risk is $0.10. A risk/reward ratio of 1:1 will be reached at $20.10. If you are interested in day trading, you should educate yourself about scalping. Scalping can be very profitable for traders who decide to use it as a primary strategy, or even those who use it to supplement other types of trading. Adhering to the strict exit strategy is the key to making small profits compound into large gains. The brief amount of market exposure and the frequency of small moves are key attributes that are the reasons why this strategy is popular among many types of traders.
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