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Educational Post 😓 Why 95% of traders don't SUCCEED? 1️⃣ They become obsessed with the indicators, rather than understanding price action and market structure. 2️⃣ They want to become rich quick, Instead of on a long-term growth 3️⃣ They gamble with oversized positions in hopes of huge profits, rather than following proper risk management. 4️⃣ They underestimate the complexity of trading and assume that it is simple not being ready for many years of practicing and losses. 5️⃣ They trade without stop loss and in case of being wrong, They keep holding their positions praying about a market reversal. @Businessminds101

Educational Post📕 How To Succeed In Your Trading 1️⃣ Focus on one single trading strategy: Any strategy is not going to have a 100% win rate, so first you should attempt at getting 50% of your trades right. After that mastering a 2:1 Reward to risk ratio is what will make you profitable. 2️⃣ Approach the market from a neutral position: Emotions in trading can be one of your greatest enemies as it can lead you to failure even after your success. Those emotions will make you believe you are better than the markets, or that you can outsmart them, ultimately leading your successful trade to turn into a failure. 3️⃣ Risk management: Yes, I know you have heard it and read it a thousand times already, but you have no idea how important risk management is until the day you master it and recognise it was the single greatest thing holding you back from success. @Businessminds101

What kinds of trading are there? 📈 ㅤ Many of you have ever wondered what it would be like to start trading. We have decided to describe for you the types of this kind of activity. There are several types of trading, among which seven are most common. 📌 1) Scalping - trading in which the trader receives a small profit from each price movement. Requires constant and painstaking work of the investor, as it is necessary to work on the shortest timeframes (for example, minute). 📌 2) Trading on medium term is the best option for beginners, it is calm and less risky than scalping. Profit/loss is formed by price movements on the periods equal to one hour, several hours, twenty-four hours. During this time you can soberly analyze the data and choose a strategy. 📌 3) Trading on long timeframes (week, month) is based on analysis of economic processes, external factors and market movements. As a rule, it is chosen by large capitals - corporations, banks, other financial institutions. 📌 4) Moment trading is a rare type, when an investor combines trading on different timeframes. 📌 5) Technical trading - a trader trades on any timeframe based on technical analysis, that is, predicting the likely change in prices based on how they have changed in the past under similar circumstances (trend analysis). 📌 6) Fundamental trading - a trader trades in the medium term using fundamental analysis, i.e. analyzing and forecasting the market value of the issuer based on the performance of companies. 📌 7) High-frequency trading - trading, which is conducted not by people, but by complex powerful computers that perform up to several million computing operations per second in order to close the deal with maximum profit. It is a new and developing tool, which is nevertheless prone to attacks and periodically damages the world stock markets. @Businessminds101

30 Rules To Master Swing Trading @Businessminds101

TRADING CLASSIC CHART PATTERNS.pdf 💵💵💵💵💵💵💵💵💵💵💵 💡💡💡💡💡💡💡💡💡💡💡 Includes a chart pattern scoring system. @Businessminds101

CREATE A TRADING PLAN The best way to not let your emotions interfere with your trading is to create a plan and stick to it. This way, sudden gains, losses, rumors, or FUD can’t disrupt your decision-making. So what goes into a trading plan? Your plan should outline the kind of trades you want to make, conditions for trading, and your trading objectives. Your risk profile and trading style will determine what your limits are. You should create your trading plan with a clear mind and be happy to follow at a later date with what you’ve decided. Your trading plan can include: How much leverage you want to use if any at all Entry and exit prices for specific trades Maximum investment amount as a percentage of total capital How diversified your portfolio is Your crypto asset allocation When to stop trading (time, volume, etc.) Maximum losses The products or assets you trade @Businessminds101

The 8 Habits... @Businessminds101

Candlesticks Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price. A daily candlestick shows the market's open, high, low, and close price for the day. The candlestick has a wide part, which is called the "real body." This real body represents the price range between the open and close of that day's trading. When the real body is filled in or black, it means the close was lower than the open. If the real body is empty, it means the close was higher than the open. @Businessminds101

•Retracements Counter Trend Correction 👉Types • Pullback (on breakout down) • Throwback (on breakout up) 👉Waiting for • Don’t always occur • Performance can suffer when they do @Businessminds101