Forex trading candlesticks secret Udemy

[100%] Free Udemy Course: Forex trading candlesticks secret

[100%] Free Udemy Course: Forex trading candlesticks secret submitted by Trendycz to udemyfreebies [link] [comments]

List of Resources for New/Aspiring Traders

This is a post I made about 5 years ago and I'm reuploading it for visibility. Check back often as this will be getting reformatted and edited over the coming days to make sure it's upto date.
Price Action Attack Map N/A ------------------------------
http://www.forexfactory.com/showthread.php?t=520423 FXLester's guide to price action
http://www.forexfactory.com/showthread.php?t=2331 James16's guide to price action
http://forums.babypips.com/free-forex-trading-systems/58037-price-action-matters.html "Price Action That Matters by Aaron Kruger
https://www.forex4noobs.com/ Forex 4 noobs price action battle plan!
GAMES N/A ------------------------------------------------------
http://chartgame.com/ Personally, i think this is pure genius! I love it, it's an amazing way to brush up on your chart skills and it's actually pretty cool to see how things went. It throws a random chart at you and you have to day trade it, it'll tell you how you did versus a buy & hold strategy and... well it's just really really good!
BLOGS N/A -------------------------------------------------------------------------------------------
https://jkonfx.com/ Technical & fundamental news on currencies. I would advise newer traders not to trade solely on external opinions because that won't cement your own methodology or reasons for trading. Excellent website for if you want an overview of the markets and daily reports. Also includes a trading journal and a lot of media attention.
http://www.stocktradingtogo.com/ A good blog for new traders/ investors. Lot of ‘top 10 lists’ to flick through.
http://www.tradingheroes.com/ This is absolutely amazing! I can't put a value on this! It's one of the best gems of the internet. Podcasts interviewing successful traders, some are notable such as 50pips, Walter Peters & Chris Kapre.
http://www.nobrainertrades.com/ Found this when doing the podcast link below, it's actually really good high quality stuff. Blog based with plenty of educational material.
http://www.chatwithtraders.com A weekly podcast that interviews successful traders. Thank you gumballfrank for this.
http://ftp.traderkingdom.com/ Not had much of a chance to check this out, but first impression are nice!
http://www.forexlive.com Heavily oriented towards fundamentals. Good news portal submitted by WinterTires thanks!
http://www.tradeciety.com/ Heavily visually oriented perfect for beginners! Lots of infographics and info. Submitted by gumballfrank
http://orderflowforex.com/ A blog that focuses on Personal Development as a trader. Absolutely essential. It'll help to focus you on your journey to trading omnipotence!
ONLINE SCHOOLS & LEARNING PORTALS N/A -------------------------------------------------------------------------------
http://theinnercircletrader.com/Tutorials.htm Best tutorials in the world by a secret trillionaire.
http://www.tradimo.com A superb website dedicated to training people to become better investors traders for free.
http://www.babypips.com One of the best free online schools which tracks your progress and teaches you heaps on information. The forum is the gem, where many people keep trade journals and put up their strategies. Don't copy them but borrowing concepts and ideas is good.
http://www.forexpeacearmy.com/forex-forum/forex-military-school-complete-forex-education-pro-banke Unbelievably thorough! Education on forex trading, literally everything is covered.
http://stockcharts.com/school/doku.php?id=chart_school Very wide ranging resource that focuses mainly on technical analysis.
http://www.investopedia.com This should be a given, but seriously – this place is the Wikipedia of trading/ investing.
http://www.swing-trade-stocks.com/swing-trading-basics.html Actually a really good learning resource that mentions psychology and momentum among other things.
http://thepatternsite.com/Psychology.html Really good information on trading psychology – something that often goes unnoticed with beginners.
http://www.finvids.com/ Cool little website with videos on candle patterns and chart patterns.
http://www.fxacademy.com/ Appears to be a free trading academy. Not tried it personally, but it looks really good. With plenty of videos for visual learners.
http://forex-strategies-revealed.com/intro PEOPLE IN NEED OF A STRATEGY CHECK THIS OUT List of strategies, literally everyone you'll ever need.
ARTICLES OF INTEREST N/A -----------------------------------------------------------------------------
http://orderflowforex.com/2014/11/trading-books-proper-orde There's a lot of information out there, it's overwhelming. You might think "Where the hell do I start?!" well here's your answer! The books you have to read... and in what order! Super important for beginners.
http://www.stocktradingtogo.com/2009/05/14/trading-psychology-stages-investor-emotions/ An article on the ’14 stages of investor emotions’ knowing who you are and what is happening to you can lead you to make more calculated decisions.
http://fourhourworkweek.com/2014/10/15/money-master-the-game/ Tim Ferris, author of The 4 Hour Work Week interviews Tony Robbins to find out the success behind the worlds best investors. Talking about morning routines, peak performance & mastering money!
http://www.tradeciety.com/category/trading-blog/ Best trading & investing blogs and articles as picked by tradeciety.com
http://www.forextradetracker.com/blog/understanding-forex-jargon-a-glossary-for-beginners Forex jargon glossary for beginners. Submitted by gumballfrank
http://orderflowforex.com/order-flow-trading/what-is-order-flow-trading/ What is order flow trading? Essential for beginners
FORUMS N/A -------------------------------------------------------------------------------------------------
http://www.forexpeacearmy.com/ Excellent learning resource, main focus is to help avoid people getting scammed.
http://www.trade2win.com/boards/ Massive forum for beginners to talk to more experienced traders – very active community.
http://www.forexfactory.com/forum.php Much like trade2win but more focused towards forex.
http://forums.babypips.com/ Another forum dedicated to forex traders. You'll find people keeping good strategies here, list them via most views first to find the real gems.
MISCELLANEOUS RESOURCES N/A --------------------------------------------------------------------
http://www.forexfactory.com/showthread.php?t=520423 Some beast called Lester showing you how it is! Read this!
http://theinnercircletrader.com/Tutorials.htm If you watch all of these you're already a millionaire!
http://www.forex-warez.com/Free%20Download/ Every book you could ever want on trading, investing, market psychology, strategies etc.
http://www.forextradetracker.com/ SUPER IMPORTANT This website is paramount to your success, still in development but will provide users with an easy way to document trades. Success is determined by your willingness to follow through with the boring bits so keep this one in your bookmarks.
http://www.hotcandlestick.com/candlestick-pattern-flashcard-game.html Super useful Flashcard game that helps you to remember important candlestick patterns.
http://www.hotcandlestick.com/forex_charts.htm Important candlestick patterns that have appeared on the major currency pairs. Good for a quick overview.
http://www.freeonlinetradingeducation.com/chart-school.html Website offering visual illustration & practical applications of popular candlestick patterns.
http://www.hotcandlestick.com/candles.htm Glossary of candlestick patterns.
http://www.incrediblecharts.com/topic/Technical_Analysis Another resource for learning technical analysis. Not particularly thorough but useful for basic concepts.
http://www.forexschoolonline.com/ Market overviews and trading opportunity videos provided, along with educational videos and the like.
http://www.tradersdna.com/education/ Another trading education site focusing more on forex.
submitted by Dannyboi93 to forexit [link] [comments]

Look for Reviews From Trusted Platforms before Investing in Forex Market

Are you looking for a new market to invest your money in? Are you fascinated by foreign currency trading? Do you want to invest in the global market? If yes, there is great news for you! There are several certified platforms that are helping people invest strategically in the forex market. These days, people are showing great interest in the foreign exchange market as it is a great way to earn money. This is the main thing that has attracted so many people towards this market. Also, the foreign exchange market does not involve commission. A forex trading guide is a must if you want to make sure that you don’t get duped
If you don’t want to face risks then you should also remember certain things like the time frame. The time frame is the biggest secret behind the success of many traders in the forex market. If you do not want to put your monetary affairs into a state of jeopardy you can select trading off a 5-minute chart instead of selecting weekly charts. You should always remember that if you want to make a huge profit in this market, you will have to give your time. Besides the time frame, the next important thing that you should know about this market is the best pairs that you can trade. You can go with minor currencies like British pound or Euro and you can pair them.
To make more money, you can either pair Euro with Japanese Yen or British pound to Japanese Yen. But with all these things, you should always remember to take the help of a trusted platform so that you can get completely authentic information. Therefore, we have found an excellent guiding and review site for you i.e. Forex Traders Guide.
It is a certified platform that works with professionals who have in-depth information and lots of experience in the foreign exchange market. With the help of the Forex Traders Guide, you can know everything about forex and crypto trading and many other related things. For this, you can simply visit the official website of this platform and select from among the categories like Forex basics, Forex brokers, Forex robots, and Forex glossary. Not just this, Forex Traders Guide also has incredible blogs that you can read to know the best time to trade forex, what affects the forex market and more.
About Forex Traders Guide:
Forex Traders Guide is a trusted platform from where you can know about thebest currency pairs to trade and candlestick cheat sheet.
For more information, visit https://forextraders.guide/
submitted by billyjohnsons to u/billyjohnsons [link] [comments]

Can the simplest forex indicators make you a millionaire?

This was a question on Quora I have recently answered for and thought some of you here might find it useful.
So I insert it here:
#####
Do you want to be a millionaire trading Forex with indicators? Well, of course, you do...why would you post this question to Quora otherwise?
The REAL question is – how do you do it?
There are countless different technical indicators out there, so where do you start? Where do you focus your valuable time and money?
Let's understand first what Forex indicators are. In essence, they are tools that turn the already available price data into something else. You've read it right. They don't provide any new information you couldn't get simply by looking at the chart.
But there are still people who get amazing results with indicators. Have they invented a secret tool that actually moves the needle?
I'm not Tyrion Lannister to tell this to you, but it's probably not the case. As far as I know, there tends to be one reason why somebody is crushing it with technical indicators while others don't.
And it has nothing to do with the indicator or indicators being used.
So what I am talking about?
It's the personality of the trader that matters. Just think about it:
Indicator-based trading is more objective than price action trading. You can argue about whether a chart pattern is present, but there's no argument about an indicator's direction.
I really don't want to get into the age-old debate of which one is better because the answer varies from person to person. The point is that you have to find out which works for you.
It's not a complicated process, although requires a lot of time. Can you guess what it is? I know you can, it's called testing.
If I told you to start boxing because it works for Mike Tyson, chances are you would laugh at me. Then, in the same way, don't put money into random indicator just because somebody allegedly makes millions using it.
That somebody might has a large trading capital, a perseverant attitude, years of experience and a system you will never able to follow because it goes against everything you are comfortable with.
You have to test different indicators as well as price action techniques. By doing so, you will know which approach best suits you. Also, you will naturally figure out which of the specific indicators, chart patterns, candlestick patterns, etc., performed the best.
You can use free tools like MetaTrader's strategy tester feature or TradingView's market replay. Also, you can invest in backtesting software such as ForexTester.
####
Have a nice day!
submitted by marcellpetras to Forex [link] [comments]

Online Forex Trading Courses - How Important is it to Find a Good Forex Trading System?

There are exotic currency pair options which include trading Forex Trading System Review the US dollar against Thai baht, Danish krone and Singapore dollar, amongst others. There are also currency crosses in forex trading, such as the British pound and Japanese yen or Euro and Canadian dollar. To be successful in forex trading you trade your currencies in pairs to take advantage of one's strength over another. If you believe the Euro is gaining strength compared to the U.S. dollar then it is wise to buy Euros and sell U.S. dollars at the same time. Forex trading success lies in the ability to spot the stronger currency so you can purchase it whilst simultaneously seller the weaker currency.

You have been testing and playing around with different forex trading systems with little or no success. You start browsing forex blogs, forums, and articles... anticipating to find your ground breaking forex trading system. Still browsing. Take a seat back and little me ask you a question... Why haven't your created your own forex trading system based on your own evaluation. Using others forex system will cause you more stress and frustration. I will provide you with a list of 7 Stealth Steps to maximizing your own forex trading system and how to build the perfect system to match your personality.

There are many important questions that you need to answer before jumping into the forex market. Creating a forex goal will give you a success point to reach for and a direction to pursue. I have seen some traders with 5 indicators on one chart; to inform them of their next move with no success or at best break even. Here's another secret... forex indicators don't work. The 3 most powerful tools to use when trading forex are candlesticks buyesellers behavior, price action resistances, and trend up, straight, or down.

You are attaching emotions with your forex trades because there is real money involved. If you have no previous trading experience or a beginner always start low; then with more experience and confidence starting increasing your lot as time passes by. Not all your trades are going to be winners. It is better to break even then to lose. If you know that the trade has turned against you, don't start praying for a miracle... cut your loss and move on. There are endless profitable opportunities in the forex market.
https://wildforexguide.com/forex-trading-system/
submitted by samsanjana to u/samsanjana [link] [comments]

A list of books I've read, plan on reading, or reading now.

Here is my list of books I've been planning on posting for a while now. I've read a good amount of these books but I still have a bunch to go. How did I find these books? I searched the fuck out of amazon for things that I would find useful that had good reviews, ratings, and a summary/description that matched what I was looking for. I don't have the time to write or copy/paste a summary of each book so added the amazon link to each one if you want to know more about it. The last list of miscellaneous books doesn't directly deal with forex trading but rather economics and shit in general. I added them to the list because I figured they would interest some of you. If there are any books I should add to this list, comment below.
Beginners:
These are some of the first Forex books i've read. They're on par with babypips but a little more in depth. Each book explains all the same basic concepts but in their own unique way. I don't know about you guys but I prefer to learn things from different people and sources so I'm exposed to new ways of thinking. If you have been trading for a while, just scroll past these few books, they're meant for complete beginners.
Technical Analysis:
Below is every book you will ever need for technical analysis. They are in no particular order but I strongly advise you to start with the first book by Steve Nison. Of course, just reading these books won't make you a master at TA. You need to apply and practice the concepts as you go. Reading the info is just scratching the surface.
  • Japanese Candlestick Charting Techniques, Steve Nison - Link
  • Candlestick Charting For Dummies, Russell Rhoads - Link
  • Charting and Technical Analysis, Fred McAllen - Link
  • Getting Started in Chart Patterns, Thomas N. Bulkowski - Link
  • Technical Analysis For Dummies, Barbara Rockefeller - Link
  • The Art and Science of Technical Analysis, Adam Grimes - Link
  • Technical Analysis of the Financial Markets, John J. Murphy - Link
Fundamental Analysis:
Fundamental analysis is the study of the underlying fundamentals that move a security, in this case, currency. The fundamentals in forex are all about economics, obviously. Therefore, a majority of the books in this list deal with economics. If you feel comfortable with economics, skip to the economic indicators towards the bottom. I also included a book called Naked Money which deals mainly with our financial system and money.
  • Basic Economics, Henry Hazlitt - Link
  • Naked Economics, Charles Wheelan - Link
  • Economics Through Everyday Life, Anthony Clark - Link
  • The Economics Book, DK - Link
  • Economics DeMYSTiFieD, Melanie Fox - Link
  • Doughnut Economics, Kate Raworth - Link
  • Misbehaving: The Making of Behavioral Economics, Richard H. Thaler - Link
  • Naked Money, Charles Wheelan - Link
  • Economic Indicators For Dummies, Michael Griffis - Link
  • The Secrets of Economic Indicators, Bernard Baumohl - Link
  • The WSJ Guide to the 50 Economic Indicators That Really Matter, Simon Constable - Link
Psychology:
You can have the BEST trading strategy out there, but without good trading discipline, you're fucked.
  • Trading in the Zone, Mark Douglas - Link
  • High-Probability Trading, Marcel Link - Link
  • The Signal and the Noise, Nate Silver - Link
  • Superforecasting: The Art and Science of Prediction, Philip E. Tetlock - Link
Miscellaneous:
This is the type of stuff you read when you're bored or taking a shit.
  • Global Economic History: A Very Short Introduction, Robert C. Allen - Link
  • The Creature from Jekyll Island, G. Edward Griffin - Link
  • Richest Man In Babylon, George S. Clason - Link
  • Narconomics: How to Run a Drug Cartel, Tom Wainwright - Link
  • The Industries of the Future, Alec Ross - Link
  • The Urban Farmer, Curtis Allen Stone - Link
  • Griftopia, Matt Taibbi - Link
  • Dark Money, Jane Meyer - Link
  • Currency Wars, James Rickards - Link
  • How Asia Works, Joe Studwell - Link
  • Think and Grow Rich, Napoleon Hill - Link
  • When Genius Failed, Roger Lowenstein - Link
  • The Wealth of Nations, Adam Smith - Link
  • Why Nations Fail, Daron Acemoglu - Link
EDIT: There are some books I left out, I will add them later.
submitted by 47dollars to Forex [link] [comments]

A Newbie's Guide to Forex Gambling

Sitting at a bar in my hometown over the holidays, i struck up a conversation with the young bartender who was having a slow night. We talked of life, love, boobies, and...forex. When the conversation turned to future ambitions he dropped the "F bomb" and his eyes lit up green as he passionately explained what forex was. To be honest, i didn't understand half the lingo he was spewing and my interest in the subject was dwindling. Then he brought out the numbers. Holy shit the numbers. On a bar order he showed me how he was going to go from $2000 to $9999999999999 in a number of years. I was getting pretty drunk at this point as the service was lag free when talking to the man. "If it was this easy" i slurred, "why isn't everyone doing this?" He explained to me that everyone in European Land was doing it. He explained he learned the Secrets from a prison Bazillionare who didn't pay his taxes. He told me about his 15 pip system (what is a pip?) and the magic of compounding profits. The bar was getting vibrant again and our conversation got choppy. Between the shots of fireball my buddies were buying me and the game of pool i was crushing at the conversation stopped. I don't remember when we left but i never said goodbye before stumbling out the door.
I woke up feeling FANTASTIC the next day...ughhhh....and had to entertain my girl. In fact I had to visit with family and a few more friends. I did not even have time to think about Forex and went back to my holiday, delusion free.
When i returned home i realized i spent WAY too much money on my holiday. Money, money, money. I wish i was rich. I need to be rich. Rich. Forex. What was that guy talking about? Billions? I could use some bilions. I tapped my IPhone and searched "4X" and eventually found a broker. Woahhhhh slow down, buddy. It's called forex and i bet there is a subreddit for this. Yep! I mean there is a subreddit for dragons banging cars. I didn't understand half the posts until i came across a post promoting babypips. I was going to need a computer and a couple beers for this one.
I read ALL of babypips in one sitting. Granted throughout i was becoming aware of how much studying i was going to need to understand everything but i was getting my feet wet. I learned what a pip, candlestick, R and S levels, money management, and all that fun was. A WORLD was opening up to me and it was COMPLICATED. I was fascinated. I was impatient. I wanted to trade now! I mean, i just had to beat the spread, right?
I opened a demo account on Fxtrade and watched as the charts loaded up. I had a full blown erection at this point. THIS IS SO COOL. Everything was moving so fast. I KNOW WHAT THAT IS. OOOO A DOJI! LOOK AT ALL THE PIPS!!!!!!
At this point you are probably asking how much REAL money i lost. I'm sorry to disappoint you, you sad sad sadistic man. I are smart. At this point i realized mid boner how little i knew. I wanted to read charts, learn the candles, and check out the news. I felt the need to wear a suit as looked at Bloomberg and tickers. THIS WORLD IS AWESOME. I <3 FOREX!
I decided to reward myself for the HOURS of studying i put in. Hours, ha. I was going to take my demo account and guess the market. I wanted to trade so bad and its just pretend money so yea, it's just pretend money. The next 4 hours of my life I got VERY possessive about that pretend money. I was yelling, biting my nails, jumping up and down. Oh, this was the fear and greed aspect people were talking about. WHY DOES IT KEEP GOING DOWN! My pips! My babies!!!
At the end of 4 hours i was down 400 dollars!! I slammed my laptop shut and buried my head in my hands. I am such a shitty trader! Why couldn't i guess the market! Oh....that is right, i was gambling and you know what? I bet with a thousand more hours of studying i would still be gambling. I bet the gambling never stops.
I have so much to learn and so much chart time ahead of me. This is not a get rich quick scheme. Hell, i am convinced you can't get rich without rainman powers and a zillion dollars of starting capital. It's fun, it's exciting, and it's a whole new world that has just opened up to me. So, if you are brand new like me to this world like me take heed to what i learned in my whirlwind introduction and don't be delusional.
  1. You are gambling, even with a strategy
  2. There is a 99.9999999999% chance you won't get rich
  3. You are not rainman
  4. Learn Forex because it's fun and exciting, not to get rich (see #2)
I look forward to learning from this community and i'm beyond excited to dive deeper into this world.Thanks for all the posts that are already here and thanks for the ones you have yet to write. People like me NEED to read them. Bring on the (demo) pips!
submitted by TecoAndJix to Forex [link] [comments]

I made a list of resources for beginners and experienced traders alike.

Check back often as this is regularly updated.
Price Action Attack Map N/A ------------------------------
http://www.forexfactory.com/showthread.php?t=520423 FXLester's guide to price action
http://www.forexfactory.com/showthread.php?t=2331 James16's guide to price action
http://forums.babypips.com/free-forex-trading-systems/58037-price-action-matters.html "Price Action That Matters by Aaron Kruger
https://www.forex4noobs.com/ Forex 4 noobs price action battle plan!
GAMES N/A ------------------------------------------------------
http://chartgame.com/ Personally, i think this is pure genius! I love it, it's an amazing way to brush up on your chart skills and it's actually pretty cool to see how things went. It throws a random chart at you and you have to day trade it, it'll tell you how you did versus a buy & hold strategy and... well it's just really really good!
BLOGS N/A -------------------------------------------------------------------------------------------
https://jkonfx.com/ Technical & fundamental news on currencies. I would advise newer traders not to trade solely on external opinions because that won't cement your own methodology or reasons for trading. Excellent website for if you want an overview of the markets and daily reports. Also includes a trading journal and a lot of media attention.
http://www.stocktradingtogo.com/ A good blog for new traders/ investors. Lot of ‘top 10 lists’ to flick through.
http://www.tradingheroes.com/ This is absolutely amazing! I can't put a value on this! It's one of the best gems of the internet. Podcasts interviewing successful traders, some are notable such as 50pips, Walter Peters & Chris Kapre.
http://www.nobrainertrades.com/ Found this when doing the podcast link below, it's actually really good high quality stuff. Blog based with plenty of educational material.
http://www.chatwithtraders.com A weekly podcast that interviews successful traders. Thank you gumballfrank for this.
http://ftp.traderkingdom.com/ Not had much of a chance to check this out, but first impression are nice!
http://www.forexlive.com Heavily oriented towards fundamentals. Good news portal submitted by WinterTires thanks!
http://www.tradeciety.com/ Heavily visually oriented perfect for beginners! Lots of infographics and info. Submitted by gumballfrank
http://orderflowforex.com/ A blog that focuses on Personal Development as a trader. Absolutely essential. It'll help to focus you on your journey to trading omnipotence!
ONLINE SCHOOLS & LEARNING PORTALS N/A -------------------------------------------------------------------------------
http://theinnercircletrader.com/Tutorials.htm Best tutorials in the world by a secret trillionaire.
http://www.tradimo.com A superb website dedicated to training people to become better investors traders for free.
http://www.babypips.com One of the best free online schools which tracks your progress and teaches you heaps on information. The forum is the gem, where many people keep trade journals and put up their strategies. Don't copy them but borrowing concepts and ideas is good.
http://www.forexpeacearmy.com/forex-forum/forex-military-school-complete-forex-education-pro-banke Unbelievably thorough! Education on forex trading, literally everything is covered.
http://stockcharts.com/school/doku.php?id=chart_school Very wide ranging resource that focuses mainly on technical analysis.
http://www.investopedia.com This should be a given, but seriously – this place is the Wikipedia of trading/ investing.
http://www.swing-trade-stocks.com/swing-trading-basics.html Actually a really good learning resource that mentions psychology and momentum among other things.
http://thepatternsite.com/Psychology.html Really good information on trading psychology – something that often goes unnoticed with beginners.
http://www.finvids.com/ Cool little website with videos on candle patterns and chart patterns.
http://www.fxacademy.com/ Appears to be a free trading academy. Not tried it personally, but it looks really good. With plenty of videos for visual learners.
http://forex-strategies-revealed.com/intro PEOPLE IN NEED OF A STRATEGY CHECK THIS OUT List of strategies, literally everyone you'll ever need.
ARTICLES OF INTEREST N/A -----------------------------------------------------------------------------
http://orderflowforex.com/2014/11/trading-books-proper-orde There's a lot of information out there, it's overwhelming. You might think "Where the hell do I start?!" well here's your answer! The books you have to read... and in what order! Super important for beginners.
http://www.stocktradingtogo.com/2009/05/14/trading-psychology-stages-investor-emotions/ An article on the ’14 stages of investor emotions’ knowing who you are and what is happening to you can lead you to make more calculated decisions.
http://fourhourworkweek.com/2014/10/15/money-master-the-game/ Tim Ferris, author of The 4 Hour Work Week interviews Tony Robbins to find out the success behind the worlds best investors. Talking about morning routines, peak performance & mastering money!
http://www.tradeciety.com/category/trading-blog/ Best trading & investing blogs and articles as picked by tradeciety.com
http://www.forextradetracker.com/blog/understanding-forex-jargon-a-glossary-for-beginners Forex jargon glossary for beginners. Submitted by gumballfrank
http://orderflowforex.com/order-flow-trading/what-is-order-flow-trading/ What is order flow trading? Essential for beginners
FORUMS N/A -------------------------------------------------------------------------------------------------
http://www.forexpeacearmy.com/ Excellent learning resource, main focus is to help avoid people getting scammed.
http://www.trade2win.com/boards/ Massive forum for beginners to talk to more experienced traders – very active community.
http://www.forexfactory.com/forum.php Much like trade2win but more focused towards forex.
http://forums.babypips.com/ Another forum dedicated to forex traders. You'll find people keeping good strategies here, list them via most views first to find the real gems.
MISCELLANEOUS RESOURCES N/A --------------------------------------------------------------------
http://www.forexfactory.com/showthread.php?t=520423 Some beast called Lester showing you how it is! Read this!
http://theinnercircletrader.com/Tutorials.htm If you watch all of these you're already a millionaire!
http://www.forex-warez.com/Free%20Download/ Every book you could ever want on trading, investing, market psychology, strategies etc.
http://www.forextradetracker.com/ SUPER IMPORTANT This website is paramount to your success, still in development but will provide users with an easy way to document trades. Success is determined by your willingness to follow through with the boring bits so keep this one in your bookmarks.
http://www.hotcandlestick.com/candlestick-pattern-flashcard-game.html Super useful Flashcard game that helps you to remember important candlestick patterns.
http://www.hotcandlestick.com/forex_charts.htm Important candlestick patterns that have appeared on the major currency pairs. Good for a quick overview.
http://www.freeonlinetradingeducation.com/chart-school.html Website offering visual illustration & practical applications of popular candlestick patterns.
http://www.hotcandlestick.com/candles.htm Glossary of candlestick patterns.
http://www.incrediblecharts.com/topic/Technical_Analysis Another resource for learning technical analysis. Not particularly thorough but useful for basic concepts.
http://www.forexschoolonline.com/ Market overviews and trading opportunity videos provided, along with educational videos and the like.
http://www.tradersdna.com/education/ Another trading education site focusing more on forex.
Edit - I've spent about 2 hours making this now. I hope you guys find it useful! I'll continue to update it and may you all find trading success. If you want to help me out spread the link! put it on forums or share it with friends. Good luck to you all and happy trading!
Edit 2 - My brain is fryed... time for a rest.
Edit 3 Once I've categorized this post making it easier to navigate i'll be adding books to read, videos to watch & the traders that will help on your journey to self-sufficiency. Happy trading everybody!
Edit 4 Moved the podcasts into the comments so there is more room here for extra sites.
submitted by Dannyboi93 to Forex [link] [comments]

Bitcoin price forecast, using BCG matrix

Bitcoin price forecast, using BCG matrix
BTCUSD analysis: Bitcoin forecast

Experimental analysis of BTCUSD trends by means of Boston Consulting Group matrix

Telegram channel — trading signals btc, eth, xrp
Today, I’ll go on to analyze the BTCUSD pair, as all the other altcoins depend on it.
A couple of days ago, there was quite and important fundamental event that was hardly responded by the crypto market. It is about the G20 meeting that was held in Argentina.
One of the most important agenda items was digital economy. As you know, they were discussing cryptocurrencies and the future of the crypto market. Following up on this meeting there was drafted a declaration. At first sight, it doesn’t seem to present any sensational solutions. However, the leaders of G-20 member-countries have admitted that cryptocurrencies and blockchain technology has a huge potential and its development is important for global economy. On the other hand, they have again emphasized the officials’ concern about poor regulation of the cryptocurrency market. Here, a particular emphasis is put on the risks, associated with money laundering and the development of illegal markets, as well as terrorist financing.
What does it mean?
It is a good signal for alarmists, who have been already disappointed in cryptocurrencies and dumped their deposits. Nobody will ruin the crypto market. Cryptocurrencies, as a type of investment assets will always exist in one form or another. What’s the point in killing the goose that lays golden eggs?! The hype around the crypto market turned into investors those, who had never thought about investing in any assets. Economic participation of people has sharply increased. There appeared whole industrial sector that became almost national idea for particular countries. It is far easier to legalize cryptocurrency and impose taxation, rather than to fight with the products of digital economy. The Group of 20 were discussing the issue of developing a taxation system for international digital services. It means only one thing - one way or another, the whole cryptocurrency market will be split into two parts; the first one will be completely transparent not only for users but for public authorities as well. There will be institutional investors and banks, along with corporations. There, the cryptocurrency will be completely integrated into banking services and become publicly available and user-friendly. Everything will be legalized and regulated. The second part will become a part of shadow economy and will be under continuous pressure from regulators and governmental authorities. The users of such cryptocurrencies will be automatically recognized as financiers of terrorism and accomplices in money laundering. The users of such cryptocurrencies will face potential imprisonment and international prosecution.
Even if it sounds unreal now, but if the G-20 are seriously discussing the cryptocurrency matter, I’m sure that the country leaders will join their efforts to bring this scenario into reality. So, I won’t be surprised if, in a few years, there will be another bitcoin fork that will be recognized by the Group of 20, included into gold and forex reserve and will become a new payment means; and the old bitcoin will become illegal and will be traded secretly.
But now, it is still an assumption and won’t come true in the new future.
I’d like to perform technical analysis of the current bitcoin market sentiment to find out what is going to be in the near future.
https://preview.redd.it/7jfpz6euou221.png?width=1954&format=png&auto=webp&s=ed0798ef8938d6da6be3e33392b32d20054fa5b2
In my previous analysis a week ago, I offered a long-term forecast for the next 10 months, suggesting the major target at 2000 USD to be reached around October, 2019.
I still believe that the bottom at 2000 USD looks quite justified, in terms of both fundamental and technical analysis.
This scenario can be real in fact, if bitcoin will be moving in the downward channel with a corridor of about 3000 USD. Previously, BTC could be moving faster in a few days, but in the current crypto market situation, such a narrow range looks reasonable. However, Bitcoin has never moved as it was expected by the majority of traders.
I compared in detail the current market situation with the Bitcoin drop in 2014 and noticed some regularities that I emphasized in the last forecast for bitcoin future price.

https://preview.redd.it/ut5jhcpvou221.png?width=1954&format=png&auto=webp&s=a1f0582387490922b0b9aebd34a93a8cc7703948
If you look closer, you’ll see from the chart above that the bullish trend had been speeding up since August, 2014, and reached its peak in December.
I wouldn’t try to fit this into particular dates or months, but if I try to draw a direct parallel with the Bitcoin current fall, it should start falling faster.

https://preview.redd.it/rlixmzkwou221.png?width=1954&format=png&auto=webp&s=a6086ecddee8770675fdc62dafb726f544e15bad
To better explain my idea, I suggest you look at the chart above.
Many of you are likely to be familiar with the BCG matrix, is a corporate planning tool created by Boston Consulting Group. Long story short, the matrix describes the life-cycle of a product and its position in the market.
I won’t describe it in detail here. I just had an idea to analyze the price trend like a product. A trend is traded in the market like an idea, and each trader votes for it by means of their money, supporting or opposing the idea.
Based on this assumption, a trend, like a product, will pass through four stages:
  1. Entering the market - “Problem child”
  2. Developing stage - “Star”
  3. Developed stage - “Cash cow”
  4. Recession - “Poor dog”
The stage of problem child (also known as “question mark”) is the initial step. The product is just entering the market, but consumers don’t trust it, and so, it needs a large amount of investments. I marked this stage with the yellow circle in the chart above. There are two big dumps. The financial supporters of the drop were investing quite much in their bearish trend, but the buyers didn’t trust that idea and didn’t support it. Next, the product has been accepted by buyers, whose market share was quite high in the market, as well as the rate of sales, starting next. There, comes the stage of growth, the Star!
In the given example, it is the green box that highlights the zone of the steady bearish trend. It was accepted and admitted by the market, and everybody supports the idea of Bitcoin drop. Everybody likes it and thumbs it up. The next stage is the developed stage, or Cash cow. That is when investors begin to gain the yield from their product and the investment is paying off. It the blue circle in the chart above. There, it is clear that manipulators are starting to buy out and get the cheap biotin, making up their funds spent on dumps.
A sure sign of this stage is incredibly high trade volumes.
The last stage is recession, or Poor dog. Such a dog is weak and won’t live for long. The product at this stage is not appealing or demanded. Interpreting this idea, there is a clear red circle in the chart above. Market participants don’t believe in the bearish trend any longer and don’t support the idea by their money. The funders are not interested in promoting this idea as its development costs exceed the potential profit, or it may at all generate negative cash return.
Therefore, the Bitcoin bearish trend, like a product, is leaving the market, being replaced by a different idea.
https://preview.redd.it/ppki39lxou221.png?width=1954&format=png&auto=webp&s=1edcc6d841c3d623a78ac615323620868e52a605
Drawing the same parallel with the ongoing bearish trend, you see that the Problem child stage has been already finished. Due to the strong bearish trend, this stage was lasting for a particularly long time, despite the price drop from 20 000 USD down to 6000 USD. The candlesticks clearly display strong volatility and the buyers’ resistance.
Eventually, following the long fight, market gave up and the bearish entered the stage of Star. It is clear that, due to the longtime resisting, the bulls stepped back, having lost quite much; and each crypto market participant believed in the bearish idea. The stage was developing very fast, and so, it ended quite soon. And it is clear that the BTCUSD downtrend trend is entering the Cash cow stage now.
As I’ve already said, at this stage, manipulators take an advantage of the market inertia and start “milking” the cow, as the marketing specialists call it; traders would say, trick out of hamsters’ money.
https://preview.redd.it/abdwsiizou221.png?width=1954&format=png&auto=webp&s=fa8f3648a3f2a1f755f42f6e2d2deb7c640cab95
It is clear from the 15-minute BTCUSD price chart above that there are frequent buyouts; that is investors are gaining profits from the invested cash. Currently, while weak hands are losing their positions, the whales are buying out cheap bitcoins. It will go on until it becomes clear that the idea of the Bitcoin drop has been finished, and the bears don't have any more power to press the market down.
Most likely, at this stage, manipulators will repeat the same trick and start selling the bitcoins, they’ve already bought, to create stronger panic. People are extremely nervous, and so, manipulators won’t have to dump much.
https://preview.redd.it/itl4gyr0pu221.png?width=1954&format=png&auto=webp&s=7c6943a6a2bd554f1e9e7b44db7fb599c9abe263
If you gain look at the monthly BTCUSD price chart above, you see that the next wave is likely to start in February, 2019. Based on the depth of the plunge, the level at 2000 USD is such an irresistible barrier, which many will start from. I assume that manipulators anticipate this situation and will make their final buyout not going as low as this level. In the volume profile chart, it will look like a hump that I outlined by the red ark. After that, the bearish trend will start exhausting, amid trading flat and weak attempts to draw the price up to 4000 USD. The Bitcoin downtrend will enter the stage of Poor dog.

https://preview.redd.it/n8lplvt1pu221.png?width=1954&format=png&auto=webp&s=955ff6e177191986710e731e2c5158de87b115ac
This period will be dangerous because of extremely low trade volumes, allowing the manipulators to perform various tricks and attempts to crash the market in order to buy more bitcoins at the lowest price level. There is likely to be another slide down before the bearish trend of 2018-2019 will finally end. The final drop is likely to be followed by a new idea, supporting the BTCUSD growth.
The whole cycle will start from the beginning. First, funders will heat the market up, selling the idea to hamsters. Next, supported by the market natural growth, they will launch the rocket up rather high, where they’ll start gaining cash. But that is another story; it is called Bitcoin uptrend of 2019-20??
Unfortunately, the manipulators haven’t yet finished developing their bearish trend, and we’ll have to wait.
That is my updated BTCUSD global scenario.
I wish you good luck and good profits!

Follow us to read important crypto news first!
Telegram
VK
Twitter
submitted by Nick_Kiros to u/Nick_Kiros [link] [comments]

Pt1, Steve Nison: Secrets to Profiting with Candlestick Charts for FX Options Trading 90% Win Ratio Forex Patterns - Special Candlestick ... The Secrets Of Candlestick Charts That Nobody Tells You ... 3 Hidden Secrets of Candlesticks that Will Make you ... Forex Candlesticks - Discover *Secrets* and Make Money! The Secret to Finding Forex Reversals - Naked - YouTube The Secrets Traders Can Learn From Candlesticks & Price ... FOREX TRADING: The Secret To Never Getting Stressed Out CANDLE CLOSE (Secret To Forex Trading) (VERY IMPORTANT ...

Info Terkait Topik Forex Candlestick Secret. What Is A Japanese Candlestick In Forex Trading. Slowly, this secret technique grew in popularity in the 's. To make a long story short, without Steve Nison, candlestick charts might have remained a buried secret.. Buy Sell Forex Secret Free Download Fxprosystems . Buy Sell Forex Secret indicator is profitable indicator that are not repainted. But ... Forex trading candlesticks secret Candlestick pattern used for forex ,stocks , BTC. How is it using ON MARKET trading? It is really profitable. Rating: 3.1 out of 5 3.1 (9 ratings) 709 students Created by Scott N. Goley. Last updated 2/2020 English English [Auto] Current price $12.99. Original Price $19.99. Discount 35% off. 2 days left at this price! Add to cart. Buy now 30-Day Money-Back ... Forex Secret Candlestick Trading is the perfect trading solution! No experience required in trading because Candlesticks do all the work for you • No need to spend much time and money looking for the best strategy • drawdown less than 5% • You can use any broker of your choice as long as you use […] 1. 5109. Categories Forex Books, Forex Education, Indicators; Tags Forex Candle ... I learned the technical analysis and candlestick signals and patterns. This is what I did as soon as I started learning how to trade Forex. After a while, I almost mastered the technical analysis and candlesticks. I demo traded and came to this conclusion that I should stick to candlesticks and forget about the other things like support/resistance lines and levels, chart patterns, and ... Steve Nison brought candlestick patterns to the Western world in his popular 1991 book, "Japanese Candlestick Charting Techniques." Many traders can now identify dozens of these formations, which ... That’s because I divulge many of the very same secret trading tactics that I have taught to market makers, institutional traders and professional hedge fund and money managers around the world. It’s a perfect way for any trader to start wherever you are right now and gain the skills and knowledge to become a candlestick expert. You will gain the confidence of knowing you are using ... The Secret Method Forex Scalping Strategy is a combination of Metatrader 4 (MT4) indicator (s) and template. The essence of this forex strategy is to transform the accumulated history data and trading signals. The Secret Method Forex Scalping Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. Based on this ... What is the secret to forex trading success? Is it the trading strategy or is it risk management? Well, all of these are important… But what I think the real secret is this: doing the exact opposite of what most traders do. If you believe in this ratio that 95% of forex traders fail and only 5 % achieve forex success, then you need to understand what factors or behaviors cause these 95% of ... My Secret CandleStick Pattern. Post # 1; Quote; First Post: Jul 16, 2017 2:25am Jul 16, 2017 2:25am imranghani Membership Revoked Joined Oct 2015 26 Posts. Hey Guys, here i am going to share my own candlestick pattern. This pattern is very profitable and quick reversal point. if you find this you can enter a quick trade and earn good amount of pips. i earn huge pips from this pattern ... Steve Nison – Candlestick Secrets for Profiting in Options Yours FREE DOWNLOAD!!! Author: Sale Page :_https://archive.md Candlestick Secrets for Profiting in Options Candlestick Framework Review of all the essentials you need to know about candlesticks so you are up to speed when Steve refers to them in the option strategy sections. In this module, the […]

[index] [20389] [8453] [4356] [28346] [29839] [14034] [8309] [24712] [18312] [18057]

Pt1, Steve Nison: Secrets to Profiting with Candlestick Charts for FX Options Trading

Struggling to understand what the different candlestick patterns mean? Want some easy patterns to make pips and money in the forex money? Allow Chris Lee to show you just how to do so. Easy and ... Discover the secret to reading candlestick charts most gurus will never tell you. Once you've seen the light, you'll never look at candlestick charts the sam... Make sure you read the FREE trading article that is made to go with this this video here: http://www.forexschoolonline.com/the-secrets-traders-can-read-from-... 👉👉👉 Check Out My Trading Club - http://b.link/tac-5mvtop Do you know these 90% Win Ratio Candlestick Patterns? Trading Experience and resources to do thoroug... nakedforexnow.com - The principles of reversal trades, explained in simple english, without any fancy shmancy indicators. The Secrets Of Candlestick Charts That Nobody Tells You - Duration: 29:25. Rayner Teo 211,938 views. 29:25 . FIBONACCI RETRACEMENT: The Best Tool For Forex Trading - Duration: 11:23. Transparent ... *READ DESCRIPTION* Todays video I talk about why the "Monthly,weekly, and daily" Timeframe candle Closes are very important! Watch these timeframes close it ... Steve Nison, the leading authority on candlestick charts and best-selling author, shares his groundbreaking approach to candlesticks for traders looking to spot opportunities in the Forex market. 3 Hidden Secrets of Candlesticks that Will Make you Profitable This is the recording of a webinar Jerremy hosted in a headlining position during the massive ...

https://binaryoptiontrade.ppedecti.gq