Mindblown: a blog about philosophy.
-
Make a Plan and Stick to It
Creating a trading plan is a critical component of successful trading. It should include your profit goals, risk tolerance level, methodology and evaluation criteria. Once you have a plan in place, make sure each trade you consider falls within your plan’s parameters. Remember: you’re likely most rational before you place a trade and most irrational…
-
Know the Markets
We cannot overstate the importance of educating yourself on the forex market. Take the time to study currency pairs and what affects them before risking your own capital; it’s an investment in time that could save you a good amount of money.
-
Day Trading GBP/JPY
The Rules Currency to be traded: GBP/JPY Chart timeframe: 5 minutes RSI setting: 14 Bollinger Bands setting: 20,2,SMA Step 1 We start viewing the 5 min GBP/JPY at exactly 00:00. We wait for the RSI indicator to either reach a reading of 70 or a reading of 30. The first reading that is reached will dictate if the…
-
5 Minute Scalping Trading Strategy
The following is a 5-minute scalping forex trading strategy for the EURUSD, GBPUSD, USDJPY and EURJPY currency pairs. Scalping is a special type of trading strategy that helps the trader to make significant profits on minor price changes. In this strategy, the trader needs to make a minimum of 10 trades within a single day…
-
15 Minute Stochastic Scalping Strategy
The Stochastic Forex Scalping Trading Strategy will allow Forex traders to make incremental profits over short time frames. Over time, these small profits can add up to substantial amounts and can prove to be very lucrative for forex traders. For this particular trading strategy, the timeframe that should be used is the 15-minute chart. It…
-
1 Minute Forex Scalping Strategy
Scalping is a popular trading technique in forex trading. It involves the trading of currencies in real time which means that positions are held for very short periods of time. Here, I will present a 1-minute scalping trading technique that you can use for your Forex trading. You may use any currency pair that involves…
-
What is Relative Strength Index indicator?
The Relative Strength Index indicator is a strategy that helps to identify the momentum happening in the stock prices as well as overbought and oversold signals.
-
What Are The Types of Trend Trading Strategies?
Now we’ve understood the meaning of trend trading and their types. Let’s look at the strategies that many traders use to identify trends. The MACD Trading Indicator The RSI Trading Indicator The ADX Indicator The MACD Trading Indicator The Moving Average Convergence Divergence (MACD) indicator finds out the average price of a security over a…
-
What Is Trend Analysis?
Trend analysis is a technique used in technical analysis that attempts to predict future stock price movements based on recently observed trend data. Trend analysis uses historical data, such as price movements and trade volume, to forecast the long-term direction of market sentiment.
-
What is Trend Trading?
Trend trading is a marketing strategy that uses several different marketing indicators to help identify the asset’s momentum in a specific direction.When the price is moving in one particular direction, such as upward or downward direction, then it is called a trend.Several traders use these trend trading strategies because the trading market has an element…
Got any book recommendations?