1. The Power Of Price Action
Some Examples:
January 2024
3. Always Taking Trades In The Direction of The Current Trend
“The trend is your friend” is a popular saying in trading that highlights the idea of trading in the direction of the prevailing market trend. Here are a few reasons why many traders follow this principle: Simplicity: Following the trend can simplify trading decisions. Instead of trying to predict market reversals, traders can focus on …
3. Always Taking Trades In The Direction of The Current Trend Read More »
Levels that moves the price
In trading, there are several key levels that can influence the movement of prices. These levels often act as support or resistance and can have significant impact on market behavior. Here are some of the important levels that traders often pay attention to: It’s important to note that these levels are not guaranteed to hold …
4. Stop Loss
A stop loss is an important risk management tool used in trading. It is an order placed with a broker to automatically sell a security when it reaches a certain price. Traders use stop losses to limit potential losses on their positions. Here are a few reasons why stop losses are commonly used: It’s important …
5. Take Profit
Setting a take profit order in trading is a way to lock in profits on a trade by automatically closing the position when the price reaches a predetermined level. It is an important tool used in risk management and trade planning. Here are a few reasons why traders use take profit orders: It’s important for …
6. Risk/Reward
Risk-reward trading, also known as risk-reward ratio or simply risk-reward, is a key concept in trading that involves assessing and managing the potential risk and reward of a trade before entering into it. It involves evaluating the potential profit (reward) against the potential loss (risk) of a trade to determine if the trade is worthwhile …
