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DISCLAIMER: Trading Bitcoin is VERY risky, and 80% of traders don’t make money. Make sure that you understand these risks if you are a beginner. I only recommend crypto trading to already experienced traders!
Please be advised that I own a diverse portfolio of cryptocurrency as I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.
This information is what was found publicly on the internet. This is all my own opinion. All information is meant for public awareness and is public domain. Please take this information and do your own research.
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Ivan on Tech by Ivan Liljeqvist
Forex Trading Course Lesson 2 – Umbrella Lines
In this Forex trading course segment we will analyse umbrella lines in more detail. These lines appear on a regular basis in Forex charts or any other chart you are likely to come across in your Forex training. This is why umbrella lines are amongst the most commonly known candlesticks but more importantly they are analysed and used by Forex traders on a daily basis.The Agony of Trading Without Plan
“If one does not know to which port one is sailing, no wind is favorable.” – Lucius Annaeus Seneca. This adage is so true, especially in Forex trading. If you are one of those Forex traders who don’t have a plan or scheme to follow, you can expect a tough and thorny road ahead… a road littered with the bankrupt accounts of traders who failed to plan their actions. It’s like sailing on the wide and deep ocean without any idea of where you are going. When you are just starting out in Forex trading and market, it’s very important that you focus on survival first. Believe me, it’s a cut throat business, and keeping your account alive and fighting is your top priority. Unfortunately, 90 percent of new traders don’t last long enough to see daylight. You want to be part of the 10 percent who lasts long enough to build consistent profits and make it to the big leagues.Money Management In Forex Trading
Money management in Forex trading and market isn’t your usual way of budgeting your daily cash. While it does involve allotting how much to which, it’s certainly more complicated and there are different money management strategies that a Forex trader could adopt. Money Management DEFINED: This is a subsystem in the Forex trading industry. Depending on the strategy you adopt, money management tells you how much you should risk when you get an entry signal from the trading system. It also tells you the money you need to put on a single trade. With a lot of financial strategists spending every waking moment of their lives to find a way to ‘tip the balance to their favor’, it’s natural that you would find different strategies for money management. However, all of them have one central theme; to prevent exposure to high risk.The Necessity Of A Good Mentor In Forex Trading
Being the largest financial market in the face of the planet, it’s not surprising that you will find a lot of information about it both paid and free. If you are just starting out the Forex trading, it is highly advisable that you find a mentor… someone who has sufficient knowledge to hand-hold you through the basics and equip you with the much needed know-how for successful trading. Information overload! While it is true that you can easily find articles on effective Forex money management strategies; analysis on the major currency pairs and their behaviors; and more, piecing them together into a cohesive and understandable whole is a different matter. And, the fact that there is plenty of information to be digested out there is overwhelming enough.Steps to Trade Forex Profitably
One of the biggest issues faced by a budding Forex trader is developing a trading system that fits you and the standards you have set for yourself like a glove. No, I hate to burst your bubble, but there are no one-size-fits-all or Holy Grail trading strategies. If there is one, then all Forex traders would’ve been rich by now! Anyway, if you are yet to get started with the development of your profitable Forex trading system, here are steps that will get you going in the right direction: