Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

dynamicsoul

My Top 6 Reasons Why Most People Fail At Trading

Recommended Posts

Many traders fail for many different reasons. I am sure if you have been active in the markets for any decent period of time you will have experienced the numerous obstacles that the markets can throw in front of you. Sometimes the thing holding you back from being successful is one the most basic principles. A high percentage of traders are not able to overcome them, and often have not even considered them. Below you will find my list of the most encountered obstacles which stop a willing trader from making a profit.

 

Find Your Edge

 

So you have a trading system but do you know what makes it profitable? Have you any idea of its strike rate and can you trust it? A question many traders cannot answer. A simple system that gives you 51 winners versus 49 losers from every hundred will make you money if you know how to manage it correctly, but there is an element of trust needed. Before you trade your system you need to properly analyse it to find out how often it wins and how often it loses. How big are the wins compared to the losses? How big is the drawdown? After answering these questions you will gain an element of trust in your system and be able to ride out the lean times to harness the gains from the bigger picture.

 

Stick To A Plan

 

If you are in a hurry to get somewhere you wouldn’t take the long route would you? Would you drive 1000 kilometers without consulting a map? I would think not. Much is the same with trading. Your system (or edge) is your plan and when travelling to your destination you must stick to the highway. Never stray from the plan and ignore any signs that tempt you to try a different route.

 

Don’t Spend What You Can’t Afford

 

Often a big mistake a losing trader will make is to trade too heavy in one single position. To lose a large percentage of a trading account on one trade is suicide and in doing so you are giving yourself a mountain to climb whilst clawing yourself back to breakeven. Not even mentioning the psychological damage it will do. Trade small in comparison to your trading account, the market will always be there tomorrow and trades will come each and every day.

 

Focus On Points Not Profit

 

We are all in this for one reason and that’s to make money, but money is also the root of all evil. By focusing your mind on percentages of your trading account, counting the points won (not dollars) and risk reward ratios eventually the money will stack up on its own. Thinking “I lost 20 points on that trade” rather than “I lost $200 on that trade” will also help you to stay out of the markets emotional games.

 

Learn From Mistakes

 

They say the clever people in this world are the ones who can instantly learn from their mistakes. This is also true when trading. If you repeat the same mistakes over and over its possible you may not have the correct frame of mind needed to become successful in this game. Learn and never look back. If you stray from your plan and lose try to understand the mistake and reinforce to yourself that it will never happen again.

 

Less Is More

 

How much time can you commit to this? This is a question that should be answered well before you select a system. Trade when you feel happy, trade when the markets open, take your money and leave. Often no position is the best position. Overtrading is one of the biggest downfalls of any new trader and will most likely lead to your account (and mind) burning out. Takes some trades and go do something else to stay fresh.

 

Live Your Life

 

Last but not least never forget what you are doing this for. You are doing this to give yourself a better life and more money. Enjoy it, take some time to live your life and don’t get caught up in the trap of being addicted to the markets.

 

Written by Pete Southern, editor at stockpricetoday.com

Share this post


Link to post
Share on other sites

One of the reasons so many new traders fail is that they see so many wannabe vendors spouting useless crap....when you are done with the marketing intro, I look forward to reading something useful......something we haven't heard before....

 

Thanks.

Share this post


Link to post
Share on other sites

It's possible that like most vendors Pete will never get beyond giving away trite truisms that others give away for free too.

 

More bait for the sucker newbie?

 

If it smells like xxxx and it looks like xxxx, then you'd have to be stupid to taste it. :2c:

Share this post


Link to post
Share on other sites

Charming!.. Welcome to the forum Pete..:(

 

It's a first article.. what do you want me to talk about next?

 

Gann, EW, Delta and tons of other stuff I've studied and binned over the years because of information overload..

 

I'll write something on how I trade, no indicators, only price action..

See if that suits you better...

 

Laterz. Pete.

Share this post


Link to post
Share on other sites

Actually we don't need you to be charming, but perhaps we could get you to say a word or two about where you come from and what your background is.....What did you do before this....? What do you plan to do here? Do you vend a product or service or both....? Honesty works just fine here however what we see recently are folks who show up and offer to provide something and what they end up doing is trolling for email addresses..Ironically the "first post" often takes a form very similar to yours........its a tough act to follow....Welcome to the forum.

Share this post


Link to post
Share on other sites

Thanks

 

Maybe I shouldn't have got a vendor account?

 

I don't actually sell anything.. I write news for the website in the article footer link which provides free real time stock prices and charts etc.. Not selling anything, just posting up some stuff to help raise some awareness of the site I help out.. which in turn only provides a free service..

 

Am on vacation at moment, but will write some other more "useful" stuff when I get back..

 

Pete

Share this post


Link to post
Share on other sites

Why You Fail At Trading?

 

Because just like the movie GROUNDHOG DAY, you are doomed to keep repeating your errors until you finally figure it out.

 

But that's just the first part. After you stop losing, you have to learn how to win.

Share this post


Link to post
Share on other sites
One of the reasons so many new traders fail is that they see so many wannabe vendors spouting useless crap....when you are done with the marketing intro, I look forward to reading something useful......something we haven't heard before....

 

Thanks.

 

Wow! Give the person a chance before you attack them. Who moved your cheese?

Share this post


Link to post
Share on other sites
It's possible that like most vendors Pete will never get beyond giving away trite truisms that others give away for free too.

 

More bait for the sucker newbie?

 

If it smells like xxxx and it looks like xxxx, then you'd have to be stupid to taste it. :2c:

 

We are adults and adults are old enough to make their own decisions. It TL a place where LIBERAL DEMOCRATS gather? Geez... enough of the NANNY STATE MENTALITY.

Share this post


Link to post
Share on other sites

Actually princess, you and your "never lose again" type comments represent the same stupid misleading crap that causes people problems when they try to learn this challenging business...so I don't have a lot of patience with you either.....

 

and just to be fair, on the off chance that I am completely wrong...if ANY of you have read this gentleman's comment and from that point on have NEVER been on the losing side of a trade please take the time to say so here on this thread....surely there must be at least one of you....

 

Looking forward to hearing all about that

 

Lovely talking to you...

Share this post


Link to post
Share on other sites

:2c:[...

 

and just to be fair, on the off chance that I am completely wrong...if ANY of you have read this gentleman's comment and from that point on have NEVER been on the losing side of a trade please take the time to say so here on this thread....surely there must be at least one of you....

 

Looking forward to hearing all about that

 

Lovely talking to you...

Yes Steve, people who live in glass houses shouldn't throw stones. I enjoyed that contribution because no matter how much you think you know about trading there is always something else you don't know. Don't knock this guy, he makes a lot of sense even though we have heard it all before our minds always need reinforcement of the basic ideas.

Share this post


Link to post
Share on other sites
:2c:[...

 

and just to be fair, on the off chance that I am completely wrong...if ANY of you have read this gentleman's comment and from that point on have NEVER been on the losing side of a trade please take the time to say so here on this thread....surely there must be at least one of you....

 

Looking forward to hearing all about that

 

Lovely talking to you...

Yes Steve, people who live in glass houses shouldn't throw stones. I enjoyed that contribution because no matter how much you think you know about trading there is always something else you don't know. Don't knock this guy, he makes a lot of sense even though we have heard it all before our minds always need reinforcement of the basic ideas.

 

by all means gentlemen carry on.....I am still waiting for any person who trades using the Rumpled One's guidance and has never lost.........to say so.....

Share this post


Link to post
Share on other sites

Steve -

 

Given the levels of anxiety you seem to suffer when people question your own 'advise' that everyone has seen and read before (i.e. yet another TA based approach), I'm surprised you are giving this chap such a hard time my old cheese.

 

May I respectfully suggest that before trying to intimidate others, you too try and produce something that some of us havent heard or seen before?

 

Try-

 

Something other than TA (TA is all the same old bollox really)

Something other than a proprietary 'secret' like your HFT indicator or Urma Burma's 'magic' indicator

Something other than '10 parables of success' and similar bed time reading.

 

You see, the thing is my old cheese, it's not the method, but the skill in which it is applied that makes the difference.

 

Trading is no different to any other game like golf or football. The rules are the same for everyone. There are countless books on how to improve ones game. There is no 'secret' to how to play golf, football, or the markets. Yet not everyone is a golf, football or trading 'pro', despite all one needs to know being out in the open.

 

The difference between success and failure is inside the individual. Its determination and application. Nothing more.You cant teach that in a gazzillion of your 'Im a guru' threads.

 

Try and be a little more mature please. Theres a good cheese.

Share this post


Link to post
Share on other sites

The difference between success and failure is inside the individual. Its determination and application. Nothing more.You cant teach that in a gazzillion of your 'Im a guru' threads.

 

 

Love that analogy of success. How does one get that ? Through hours and hours of endless night's practice or blowing up just a few more than necessary accounts ?

or do you become so driven that failure is not an option ?

I tend to agree with you on this one.

Share this post


Link to post
Share on other sites
One of the reasons so many new traders fail is that they see so many wannabe vendors spouting useless crap....when you are done with the marketing intro, I look forward to reading something useful......something we haven't heard before....

 

Thanks.

 

Steve, you right on that part. Gotta friend of mine considering paying 350 a month for an indicator.

Share this post


Link to post
Share on other sites

the main reasons- they are not well learned or they are suffering psychological problems.

 

Learn forex first before opening a real account. There is no alternative way to get success without practicing. Work hard, keep patience, you can win.I think that in all business peoples lose money some time and some time they get profit, profit and loss is the part of any business, so do not be take tension, if you will trade with good strategy then never you will get loss.

Share this post


Link to post
Share on other sites

Heres a few ideas....

 

not in any order....

 

1. trading the wrong products that are too volatile (fx, crude, etc)

2. paying too much commission

3. greed (see 1)

4. ignoring professional strategies as they are seen as being out of reach or difficult

5. trading like a punter in a casino (ie intraday momentum strategy on an outright), then talking about 'edge' and 'risk management' lol.

6. general ignorance of self and self delusion

 

can I have a 7th?

 

7. joining the herd rather than thinking for yourself (ie trading fx, risking 2%, signals based solely from a chart etc etc - just like the books and gurus tell you).

 

I'm still surprised when folk question why 80-90% lose, when they are all doing slightly different variations of the same thing! 6 months or a few years later - if they are still around, they are still doing the same thing and losing, but they think they have changed what they are doing, yet they havent - they've just changed timeframes, or using a different chart setting, product, etc. lemmings!!!

Share this post


Link to post
Share on other sites
the main reasons- they are not well learned or they are suffering psychological problems.

 

I think this says it all..

 

Inexperience looses at the beginning, but psychological issues prevent progress..

 

I have seen this over and over again amongst lots and lots of traders.. Many traders gained a lot of knowledge over the years but can't put it together to make it profitable.. Often its clear they have lots of blind spots that comes from psychological issues..

Share this post


Link to post
Share on other sites
Find Your Edge

 

This is the top problem.

 

Most people do not have a winning system.

 

I've never had a problem sticking to a plan but I've had a very rough time coming up with a profitable system.

 

Following the rules of a losing system won't get you anywhere.

 

Breaking the rules of a losing system won't get you anywhere.

 

The majority of systems you see online are either too vague to have specific rules (which gives the "guru" an out if you ever dare to question his instruction), or have concrete rules but don't backtest or forward test profitably.

 

While we're on the subject, beware of any "guru" who says there's no point in backtesting. That basically means "I don't want you backtesting my system and finding that it isn't profitable because then you'll stop paying me for seminars books and lessons."

 

Stick To A Plan

 

Yeah, definitely, assuming you have a profitable system.

 

If you have a profitable system you are 99% of the way there.

 

Don’t Spend What You Can’t Afford

 

For sure.

 

Focus On Points Not Profit

 

Probably more applicable when increasing contract size. If your first trade is a loser once you increase from 1 to 2 contracts, you might not want to see the dollar amount.

 

Learn From Mistakes

 

Definiately.

 

Less Is More

 

How much time can you commit to this? This is a question that should be answered well before you select a system. Trade when you feel happy, trade when the markets open, take your money and leave. Often no position is the best position. Overtrading is one of the biggest downfalls of any new trader and will most likely lead to your account (and mind) burning out. Takes some trades and go do something else to stay fresh.

 

Oh, you mean overtrading. Yeah. Well, stick to your system's signals!

 

Live Your Life

 

Last but not least never forget what you are doing this for. You are doing this to give yourself a better life and more money. Enjoy it, take some time to live your life and don’t get caught up in the trap of being addicted to the markets.

 

Agreed.

Share this post


Link to post
Share on other sites
..

Am on vacation at moment, but will write some other more "useful" stuff when I get back..

Some long vacation.

 

I hadn't noticed it almost a year ago since OP started topic and last posted!

Share this post


Link to post
Share on other sites

I agree with these reasons, because of them people fail in trading! I have many time spend for which is not affordable to me! and got fail :( so traders should follow "Don’t Spend What You Can’t Afford"

 

 

 

 

 

 

Best Regards

Harrey Martin

Share this post


Link to post
Share on other sites

The reason why I failed in trading when I started was because My motive was initially wrong and my approach was terrible. I wanted to make so much money in a short time so desperately that I lost everything I started with. I approached Forex like a gamble and it cost me. Well, that is behind now.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By ridhuanuzz
      Here are some trading courses that I know they have experienced trader as a teacher:
      - Stock Trading & Investing for Beginners by Udemy
      - Consistent Profits from Stocks With AI Assistance In Just 10 Minutes a Day! by Snap Academy
      - Trend Following For Stocks by Decodingmarkets
       
      Give me advice which one is the best to join?
    • By sergio
      Hi,
      We are doing a university job where we must investigate how banks manage their financial products that require trading, for example, they offer a fund, as they manage capital internally. Could you help me?
      Thank you!
    • By millonmethod
      Hello everyone!
      I am an advanced trader, with many years of experience (about 15 years - 10 living exclusively from this)
      I am going to give you some tips that you must know:
      There are going to be many people who tell you that trade is easy, that with only crossiing a line  with another one you will win a lot of money.... and that´s not true.  No, Sir, reality is far away from that. Many people who start arrive here with the hope that someone "gives them" a free method, they watch youtube videos thinking that this will give them the "strategy" and in a few days they realize that it does not work for them - they lose money - and then They go looking for a new one ... and so on. YES, IT´S TRUE YOU EARN IN TRADING, A LOT. BUT THINK: for a few to win (10% + any BROKER) many others must lose (90% people). YOU MUST HAVE A MONEY MANAGMENT FORMULA ( you can email me) People study so many years to live on this, not because they are dumb, but to know what they do, when, and have absolute effectiveness. It´s very easy to get lost here: do not disperse, jumping from one to another strategy WILL NEVER give you money, it will only waste your time and make you nervous when trading. PEOPLE WHO CHANGE THEIR METHOD CONSTANTLY : LOOOOSE ALWAYS.   If you have the knowledge to develop it, take your time and do it.  Always try it first on DEMO for at least 2 weeks! If not: search to buy a solid strategy (no you tube videos pleassse ! Avoid losing money! ) This is like any business, it requires some capital to start (capital = money in the broker + solid made /purchased strategy) If you are lost: I RECOMMEND YOU NOT TO WASTE TIME IN YOUTUBE, JOIN PEOPLE WHO HAVE EXPERIENCE AND IF YOU ARE GOING TO BUY A METHOD ... PLEASE !!!! DO NOT BUY 10 BAD AND CHEAP METHODS, SAVE MONEY AND BUY ONLY 1 BUT EXCLUSIVE AND MUST ALLWAYS HAVE SUPPORT !!!!!  Do not buy Signals! They never keep up with constant profits! One week will win and the next will lose. Nothing that does not depend absolutely on you will give you the money you are looking for. And if you do not have a strategy (made or purchased) do not even try PLEASE PLEASE PLEASE: DO NOT USE REAL MONEY! AT LEAST 2 WEEK DEMO FREE HELP HERE!!!!!  IF YOU FOLLOW MY ADVICE YOU WILL BE PART OF THAT 10% WINNER, email me.
      Have a nice trading day
       
       
    • By Georgebro8
      So I've been 18 for about 4 months, since I turned 18 I started up an account, and basically thought I was doing amazing because of beginners luck, put in some of my savings and managed to do well, some days I would make £200, one day I even made £900, after time I lost my profits and made a loss as well. I've realised I need to spend the time analysing the market and making technical judgments. I'm trying to read more and spend a lot of my time looking at the charts. is there any advice people can give me. and is making 5% a week a realistic goal to set myself? before anyone assumes that im looking for a get rich quick scheme, im certainly not, I see every loss ive made as a lesson and ensure that I learn from each mistake I make. 
      any advice about indicators, strategies, how to analyse the market, or even analysing earning reports would help me.
  • Topics

  • Posts

    • Brexit Aftermath: The Market Reaction Of Bitcoin, Gold And Pound Sterling To Headline News In The EURO Zone   After the UK made it public to exit from the EURO bloc, the market cap for Bitcoin and Gold has increased almost by $133 billion and $1 trillion. Is this the Brexit aftermath?   As it is, the end may be near for Brexit. In the recent declaration an accord is reached between the British government and the EU, everyone is on the lookout for the final date Brexit will conclude. And based on this scenario, an analysis is drawn on the aftermath of this separation in the politics of the EURO bloc and the effect on the price of Bitcoin, Gold and pound sterling.   Bitcoin: Since the start of Brexit, Bitcoin’s market cap had spiked higher and recovered about $10 billion worth. Before Brexit, the cryptocurrency of the first choice had been stable in price after crashing to a market cap of about $2.9 billion low around January 2015. However, after the crash, the cryptocurrency had spiked to about 300% within 18 months while the next super halving of the project is expected on the network from 25 to 12.5 fresh Bitcoin’s per 10 minutes.   As of mid-2016, the most liquid GBP market was the London based Coinfloor exchange. The exchange did around 772 Bitcoins’ worth of volume that day, valued back then at around $4.9 million, with data from the technical back end at the Trading view.   The Pound Sterling: The British national currency had crashed by almost 20% on the night of the vote after hitting a momentary high of about $1.5 versus the USD for about 8 months. Since crashing to a low of about $1.2 as at March 2017, the Pound sterling had rallied 6% within a 4-week time frame, after the UK parliament decided to vote and activate the Article 50 while then the Brexit journey began for the UK taking it two years to discuss its planned exit from the EURO bloc.     Gold: The safe-haven asset also spiked higher around the same time frame from mid-March to mid-April 2017 with its price rising about 7% versus the USD. Nevertheless, this scenario didn’t play out on Bitcoin as in March 2017, beginning with its price at $1000, Bitcoin had surged to hit an all-time value of about $1300, as a result of markets expectation for a Bitcoin ETF being endorsed. However, after its nullification was declared on 10th March 2017, the cryptocurrency fell to a low of about $888 which occurred concurrently with the UK’s law passage for its exit from EURO bloc. Ever since then as the UK’s Brexit discussions with the EU raged on, so did the Pound against the US-dollar and Bitcoin gained more to its price.   Bitcoin, Gold, and Pound Sterling Reactions to Brexit During this timeframe transversing Brexit discussion and its process, the Pound lost the majority of its 15% gains recovered, to tumble from a high of $1.43 to hit $1.20 on 3 September. In a similar multi-day timeframe, gold broke out of its basic $1400 resistance level to rally 15% versus the US-dollar. While Bitcoin gained higher, then again, stayed on the level around $8,000—yet the genuine story of those 17 months incorporates the cryptocurrency crashing towards $3,000 (December 2018) preceding the move spiking to a high of almost $14,000 in June this year.   Source: https://learn2.trade     
    • Despite Running To The Highest Close In Six Months, GBPUSD May Fail To Reverse   GBPUSD Price Analysis – October 20 The GBPUSD had closed on Friday above its opening price after recovering from early selling pressure and trending higher for the 4th day consecutively in a row. After failing to reverse from its highs, the FX pair is unstable and due to weekend UK parliament vote on Brexit, with this scenario, the pair is likely to gap while it reopens on Monday morning in Asia (Sunday evening in the US).   Key Levels Resistance Levels: 1.3301, 1.3185, 1.2988   Support Levels: 1.2582, 1.2204, 1.1958   GBPUSD Long term Trend: Bullish On the daily picture, the bulls took charge in the previous session and exited the day above its opening price, however, the pair failed to move past the prior’s day’s trading range and the price likewise failed to reverse below the previous day’s range.   The GBPUSD had rallied upwards to as high as the level at 1.2988 last week, before forming a temporary top there. In the case of a reverse, the fall may be contained by the level at 1.2582 resistance turned support to bring rise resumption.     GBPUSD Short term Trend: Bullish An impermanent top is structured on the level at 1.2988 and intraday bias in GBPUSD stays on the upside. A few consolidations may be seen. Be that as it may, any pullback ought to be contained above the level at 1.2582 support to bring rise resumption.   Meanwhile, on the upside, a break of the level at 1.2988 will stretch out the recovery from the level at 1.1958 to 1.2582 from 1.2204 at 1.3185 next. Without bias analysis, the outlook is bullish and displaying an intact uptrend in the short and long-term.   Source: https://learn2.trade 
    • Date : 21st October 2019. MACRO EVENTS & NEWS OF 21st October 2019.The week ahead will definitely not be a quite one, with high anxiety on Brexit, the last ECB policy meeting before Mario draghi hand over the ECB presidency to Christine Lagarde and few significant US data prior FED on October 30.Monday – 21 October 2019   Producer Price Index (EUR, GMT 06:00) – The German PPI is expected to drop to -0.2% for September. As expected readings would result in a y/y loss of 0.3% for headline PPI, versus a 0.3% pace for August. Tuesday – 22 October 2019   Retail Sales (CAD, GMT 12:30) – Canadian sales are expected to have increased by 0.6% m/m in August compared to 0.4% m/m in July, with the ex-autos component down -0.3%. Existing Home Sales (USD, GMT 14:00) – Home sales have regained their status as an important indicator after the financial crisis and can have a strong effect on the markets. The release is expected to record a slight -0.2% pull-back in September to a 5.480 mln pace, after a bounce to 5.490 mln in August. In Q2, we saw an average sales pace of 5.287 mln, and we expect a better 5.463 mln pace in Q3. Thursday – 24 October 2019   Services and Manufacturing PMI (EUR, GMT 08:30-09:00) – September PMIs showed a marked contraction in manufacturing activity and a sharp slowdown in services sector growth. This picture is likely to be seen again in the preliminary readings for October, as German Manufacturing PMI has been forecast at 40 and composite at 49.2, which it is still below neutral. Meanwhile, Services PMI is expected to fall to 51.2. The overall Markit for Eurozone is seen at 49.4, signalling stagnation and highlighting the risk that the weakness in manufacturing sectors is spreading. Interest Rate Decision, Monetary Policy Statement and Press Conference (EUR, GMT 11:45 & 12:30) – The ECB is widely expected to keep policy settings on hold after Draghi’s parting shot at the last meeting. The outgoing president pushed through another deposit rate cut and an open ended asset purchase program against the opposition of some of the more senior national central bank heads and incoming president Lagarde will face the task of uniting the board and dealing with growing demands for a comprehensive revision of the ECB’s policy setting framework and in particular the inflation target. Draghi’s last press conference meanwhile will likely focus heavily on calls for fiscal measures to boost the economy in a challenging international environment. Durable Goods (USD, GMT 12:30) – Durable goods orders are expected to fall -1.8% in September, after gains of 0.2% in August, thanks to an expected transportation orders drop. Boeing orders rose to a still-lean 25 from 18 in August. Services and Manufacturing PMI (USD, GMT 13:45) – Preliminary Manufacturing are expected to slip in October, to 50.1 from 51.1, while Services PMIs are likely to rise to 51.3 from 50.9, indicating a slowdown in the sector that has been hit by global trade tensions. Friday – 25 October 2019   German IFO (EUR, GMT 08:00) – In September, the German IFO business confidence came in slightly higher than expected at 94.6. In October, however, the overall business climate reading is seen slightly lower at 94.4. The more forward looking expectations reading is anticipated at 91.8 from 90.8. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Perfect Trend Lines, PTL, is a short-term trend trading indicator. The lines showing the trend in this indicator is not straight lines like normal trend lines. PTL indicator calculation is simple. First take the 7 bar high and low, then the 3 bar high and low. If the close price is above the 7 bar high and 3 bar high, then an uptrend is identified. When the close price is below the 7 bar low and 3 bar low then a downtrend is identified. These bars are considered as strong trend bars. The magenta line is the 7 bar high or low depending on the trend. The cyan line is the 3 bar high or low depending on trend direction. When price is trading between these 2 lines trend strength is weak.   A magenta diamond shape appears when sell signal is generated. Cyan diamond shape appears for a buy signal. The magenta line can be used as stop loss. The cyan line provides a tighter stop loss level. Strong downtrend bars are marked by a magenta dot at the bar high and strong uptrend bars are marked by a cyan dot at the bottom of the bar.   PTL.zip
    • Qualitative Quantitative Estimation (QQE) is based on a combination of smoothed Moving Average of RSI along with the average true range ATR. Volatile assets such as forex, futures, stocks etc. can be monitored using the Qualitative Quantitative Estimation (QQE) indicator. The indicator displays two lines; a fast and a slow-moving trailing stop line.  The level 50 is important in QQE indicator. When the fast line (green line) is above 50, trend is considered bullish, if it is below 50, downtrend is assumed.   The original QQE indicator trading strategy is to buy when the green line is above 50 and it cross above dotted red line. For a sell trade the green line is below 50 and green line cross below dotted red line. Some traders open Buy position when the green line is below 50 and it cross above red line. Another method is divergence between price and QQE indicator. When price makes new lows and QQE indicator’s green line fails to make new lows, buy position can be opened. When price makes New highs and QQE green line fails to make new highs, sell position can be opened. QQE.zip
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.