Trading in financial markets can be a lucrative and stimulating experience, but it also carries a considerable amount of risk. As a trader, there are essential things you should learn before putting your money into the trading platform to minimize risks and increase profitability. 1. Understanding of Financial Markets: A basic understanding of financial markets,…
Trading is a challenging and competitive activity that requires careful planning and execution. While many traders focus on finding the best trades, few pay enough attention to money management. Effective money management is critical to long-term success in trading. In this article, we will explore the importance of money management in trading and how it…
Discipline is one of the most important traits a trader can possess. Without it, traders are more likely to make impulsive decisions, engage in emotional trading, and take excessive risks. In this article, we’ll explore the importance of trading discipline, provide tips on how to develop and maintain it, and highlight the benefits of a…
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Successful Traders’ Personality Traits Here are the ten personality traits that can help you win: Â 1. Self-discipline. I’ve addressed in previous columns how knowing what to do and really doing it are two very different things. The most common error that most investors and traders make is failing to act when they know they should….
You can learn about the basics of Japanese candlesticks patterns such as Marubozu, Spinning Top, Doji, Hammer, Inverted Hammer, Hanging Man, Shooting Star, Tweezer Tops, Tweezer Bottoms, Engulfing, Harami, Morning Star, Evening Star, Three Inside Up, Three Inside Down, Three White Soldiers, Three Black CrowsCandlestick patterns in Sinhala which would benefit you when you’re doing…
In day trading, a financial instrument is bought and sold several times in a single day. If played correctly, taking advantage of little fluctuations in price might result in substantial gains. However, it might be risky for beginners and anyone who doesn’t stick to a well-planned strategy. Day trading generates a huge volume of trades;…
The danger of losing money whenever you enter a trade when trading on the FX market is inherent risky. Although most traders are fully aware of this fact, it is curious that so many traders seem to completely disregard or pay very little attention to money management. When you consider that most traders do not…
When trading using price action, you must consider the price changes of a resource when making your trading decisions. You won’t use guidelines or other research strategies, but if you do, you won’t pay them much consideration during the trading decision-making process. In the unlikely event that a stock increases, the price action trader is…
Snap Decisions In actuality, more traders are affected negatively by trading psychology than positively. This might manifest itself by prematurely closing off losing trades as the fear of loss becomes excessively, or by simply increasing the number of losing positions as the fear of realizing a loss becomes insatiable. An outline of trading psychology can…
