Advertising on the Telegram channel «Business Mind»

The New York Kill Zone Time: The Land of Opportunities For traders dealing with major pairs coupled with the dollar index, the New York Kill Zone is an essential timeframe to watch. Similar to other Kill Zones, this period often sets up optimal trade entry patterns, providing potential gains of 20 to 30 pips for scalp trades. The New York Kill Zone occurs between 8:00 AM to 11:00 AM Eastern Time. This time is favorable for major pairs and benefits from the overlap with the London session, making it a golden opportunity for traders. @Businessminds101

Traders mistake Real trade is when you analyze the decisions of other traders. You are trying to understand Price Action in the context with the actions and decisions of other traders. You need to understand where the others are mistaken. Their error will lead to an increase in the opposite movement, as the feet will begin to work. Our task is to enter this point or earlier and earn. Simply put, we need to find losers on the graph. Yes, it sounds very selfish). But the truth is that trading is a mercenary game, and most will not earn here, they will lose. This is the nature of the trading, the money is not taken from the air, as it seems to many) the money that you had, belonged to those who lost it. You have earned their mistakes. It is simple, but most traders do not understand this. Trading is people's solutions. If we know how the price moves, we can determine the zones to which the price can reach and many traders will fall into a situation where they will have to make a decision. All this will move in price in a predictable direction. @Businessminds101

#tradingtips

Traders mistake Real trade is when you analyze the decisions of other traders. You are trying to understand Price Action in the context with the actions and decisions of other traders. You need to understand where the others are mistaken. Their error will lead to an increase in the opposite movement, as the feet will begin to work. Our task is to enter this point or earlier and earn. Simply put, we need to find losers on the graph. Yes, it sounds very selfish). But the truth is that trading is a mercenary game, and most will not earn here, they will lose. This is the nature of the trading, the money is not taken from the air, as it seems to many) the money that you had, belonged to those who lost it. You have earned their mistakes. It is simple, but most traders do not understand this. Trading is people's solutions. If we know how the price moves, we can determine the zones to which the price can reach and many traders will fall into a situation where they will have to make a decision. All this will move in price in a predictable direction. @Businessminds101

The New York Kill Zone Time: The Land of Opportunities For traders dealing with major pairs coupled with the dollar index, the New York Kill Zone is an essential timeframe to watch. Similar to other Kill Zones, this period often sets up optimal trade entry patterns, providing potential gains of 20 to 30 pips for scalp trades. The New York Kill Zone occurs between 8:00 AM to 11:00 AM Eastern Time. This time is favorable for major pairs and benefits from the overlap with the London session, making it a golden opportunity for traders. @Businessminds101

Consolidation: Consolidation is when price is moving inside a clear trading range. When prices are consolidated it shows the market maker placing orders on both sides of the market. This is mainly due to manipulate the un informed money. @Businessminds101

💻 Successful Traders Traits and Habits 🟢Successful traders often share several common traits and habits. Here are some key characteristics and practices that are frequently observed among them: ➡️Knowledge and Expertise: They have a deep understanding of financial markets and relevant instruments, staying updated on trends and news. ➡️Discipline: They follow a well-defined trading plan, avoid emotional decisions, and remain consistent during market fluctuations. ➡️Risk Management: They employ strategies to control risk, using stop-loss orders, position sizing, and diversification. ➡️Patience and Long-term Perspective: They don't expect instant profits, patiently waiting for high-probability setups and thinking long-term. ➡️Continuous Learning: They engage in ongoing education, learning from mistakes and adapting strategies. ➡️Emotional Control: They make rational choices, avoiding decisions influenced by fear or greed. ➡️Adaptability: They adjust strategies as market conditions change and remain open to new ideas and technologies. ➡️Strong Analytical Skills: They effectively interpret and analyze market data using technical and fundamental analysis. ➡️Persistence and Resilience: They learn from losses, bouncing back from setbacks, and viewing obstacles as learning opportunities. ➡️Effective Money Management: They manage their portfolio, avoid overexposure, diversify holdings, and allocate capital wisely. 🟢Remember that these traits are generalizations, and individual traders may have their own unique approaches and characteristics. However, developing these qualities can significantly improve one's chances of success in the trading world. @Businessminds101