Many traders believe that trading during specific market hours can make or break their success. There are generally four recommended times to trade, depending on the currency pair you’re trading and the market hours. However, I discovered that trading during these so-called “best” hours doesn’t guarantee success. My Personal Journey with Trading Time In 2018,…
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During my trading career, I faced a crucial decision: when was the right time to increase my trading capital? I discovered four essential guidelines that helped me determine the best moment to boost my account. In this article, I’ll share these tips with you to ensure you make the right decision at the right time.…
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In my early days of trading, I, like many traders, experienced a series of profitable trades that led me to believe I had mastered the game. This false belief tempted me to increase my risk per trade, imagining I could double my earnings. However, I soon realized the importance of being cautious before increasing risk.…
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As a trader, one of the most important skills to develop for success is the ability to identify major support and resistance levels. You’ve probably heard the cliche “follow the trend,” which emphasizes that long-term success is found in trading with a trend. However, from my experience, identifying the trend is just the beginning. Once…
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In this post, I’ll be sharing three ways position sizing can make you a profitable trader. Position sizing is the process of determining how many units of an asset you are going to trade, and it’s crucial for managing risk and ensuring your trading success. 1. Capital Preservation The first benefit of position sizing is…
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One of the most important components of your trading strategy is your entry. There are many trading strategies out there, and for technical analysts like me, they include pin bars, inside bars, false breaks, and more. When starting out, there’s a temptation to learn and use as many signals as possible to achieve success faster.…
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